Member Info for Crocqman

Good luck VerbierDave,
I am well underwater here, like many, but see delivery and cash generation as the key here now.
The market has seen through the hype here.
Potentially decent rises, yes, with a good CPR, planning, etc, but these will be more opportunities for traders, imo, rather than for sustained rises.
A big change in sentiment would not go amiss, and a pick up in trading volumes

Holding here for the long term , but really don't see why AFC should currently be in "the 80s and upwards again that it so deserves".
Despite the definite progress made in 2020, the lack of sales was a disappointment, the rush into the sector seen at the start of 2021 was simply overdone across the board (still can't believe how supposedly rational people cannot see this).

I may sound like a broken record repeating these things, but the lack of acceptance of where AFC is now compared to 'where we should be' in the eyes of some seems more like posters not taking responsibility for their investment decisions, rather than anything based on fact and rational reasoning of how the company is progressing vs the view of the market.

It may just all be down to MM games though, of course (yawn)

"It also is a solid basis for institutional investors to base any investment on depending on how good the figures are that come back".
Sorry, but Institutional Investors will not be taking any notice of a 16m market share even before you look at the history of leaks, under-delivery, delays, questions over management, communication, etc.
This is a PI share (in the main), and needs significant success on multiple fronts for that to change.
All imo, of course

Sensible post Nathan90.
My exit target on SFB (and SFB alone) was always around the 2.5p level going right back to the 2020 CPR, even before all of the dilution of last year, but perhaps with the higher gas prices now offsetting the dilution, as well as the strategic location of the SFB too making this asset more valuable on paper.
Depending on what the offer was for, any opening bid likely to be in that region, and any higher, again based on what the offer is for. Max 5p for me for full control of SFB as a strategic asset at a premium.

Note that the RNS states "an indicative non-binding offer for, some or all of the Company's 51% interest in the Saltfleetby", so I expect any offers to be for this asset only, not for ANGS as a company.
Any agreed offer, it is materialises, is likely to be for all of SFB (plus other partner), imo, rather than a % of ANGS' 51% - I really can't see any point in them selling a % this close to potential cashflow, despite the amount of work still to do to achieve first gas target date (more delay noted, as expected - Q2 for me now).

The dispensation of certain requirements of the Takeover code is an interesting one, not seen that before. Seems to allow for a potentially more drawn out process, and the 'secrecy' of the nature of the dispensation allowances, will only mean more speculation, reaching and deliberately misleading comments from some on here (nothing new then!).

Will await actual news, but good to see decent volume again yesterday. If this continues next week and the SP holds over 1p, over the next 5 days, then I may consider this a new floor (not totally convinced as yet).
Good weekend all

VHB,
I have a lot of posters here on filter, but anyone claiming the RNS yesterday was a ploy to raise the SP in the short term, for a placing, or any other reason clearly either knows nothing about the requirements under the Takeover code, or are just plain scaremongering.
The code 8.3 and 8.5 RNS messages seen today are clear proof that a takeover offer has been made, and the company would not and cannot make up something like this.
Expect to see more of these types of RNS over the coming days too, as one will need to be submitted for any daily changes until such time as any formal offer is completed, or rejected outright.
Good weekend all

Wouldn't be too sure of that, Yanis.
Seen it too many times here before.
Certainly didn't see this dropping down into the 70's, let alone the 60's in recent weeks, so would not be surprised if it did drop back without the continued volumes, without news.
Time will tell
gl

Good luck to you.
First post here for a while.
Many could learn from an investor taking responsibility for their investment decisions and taking action to suit their investment strategy and view of company progress in their eyes.

With the disappointing lack of sales (vs expectations) last year - I said I would only comment at end of year - the current SP position is probably fair given the definite progress made throughout last year, especially compared to the SP levels seen throughout most of 2020 and the rapid (clearly unsustainable rise) seen at the end of that year, beginning of 2021.

Not for me, but it turned out to be a good year for any traders.
Looking to see AFC build on the progress made now, with clear and realistic goals.

B+ would be my end of year evaluation of AFC. Good progress, but could have done better. Market conditions have not helped, but more expected in terms of cash generation and closing of deals.
Only a C- for Mr Bond's performance - he really needs to start delivering now, rather than promising the world. The markets do not like a lot of talk without this being backed up.

Will be looking to add here in due course (when funds available) and continue to view this as a longer term hold
gla

Good to see some activity/progress on site.
First post for a while.
Interesting development yesterday, but won't get too excited yet, as the SP still not able to breach and hold above 1p even with that news. Any bigger rise will likely come with an indication (or leak) of any potential target price though.
Will be keeping an eye on volumes to see if yesterday was a one-off, or if there continues to be any sustained activity, particularly any large trades.
gla

Should still be worthy of a mention though, as an option for Bitcoin specific trading surely?
Caveat: I expect nothing great, or in-depth from any ThisisMoney article

I know you are keen for them to get Ethereum added. I am coming around to this being more crucial than expansion into Europe for the merchants, although some big hitter announcements on this front will be welcome.
gl

"These are the exchanges and platforms on offer for new crypto traders"
No mention of MODE, but a big plug for Coinbase and a mention for the likes of Gemini, Luno, Revolut, PayPal, eToro, Ziglu. Binance also gets a mention despite their regulatory difficulties.

How hard is it for MODE to get their name out there?

https://www.thisismoney.co.uk/money/crypto/article-10207881/Buying-cryptocurrency-Exchanges-platforms-new-traders.html

Currently, gas prices are totally irrelevant for angus energy, and will continue to be irrelevant until they can deliver.
Hopefully, by end of Q1 at the very latest, although this is looking tight regardless of what they keep telling us.
We need updates of progress and proof they are sticking to timelines on a regular basis from now until 1st gas, but this seems a stretch for the bod unless they are seeking more investor cash

It is standard practice for all listed companies to have the ability to issue more shares, if needed.
It is prudent management.
It would be neglectful for them not to do this.
Really not an issue

U

It seems to be common thinking on these boards that placing shares are always forward sold.
It is impossible to forward sell placing shares as no trade can be permitted until they are issued and confirmed as available at the holders account. It is not possible to raise a trade for any new shares that are not on an account.

Of course, it is feasible that someone participating in the placing could be selling shares they already own to be replaced by the shares they expect to receive, but, they would just be diluting their own position, and holders participating in placings will usually look to maintain their existing weighting, not dilute themselves, or be new investors taking a position, in which case why would they then sell (they will not be in it for a quick 5%, or whatever).

It is in the company's best interests, for placing shares to be targeted at holders who intend to hold, and not those looking to make a fast buck, that's why they are often not aimed at PI's, but professional investors who know the company/sector.

Sorry, but this forward selling mantra is just another BB myth for me, perhaps true in some instances where a placee may sell some shares already held, or upon receipt of the new shares, but the entire placing shares will most definitely not all be sold at the first opportunity, and certainly not forward sold.

Also, the broker would be failing in their duty to the company if this was to happen.

"At some stage, the market will change its perspective"

Lost track of how many months we have been hearing this on here. Or is it years now?

This will only be revalued upon actual demonstrative progress on site, followed by delivery to the levels expected

https://www.theguardian.com/world/2021/dec/03/no-easy-fix-polar-bear-capital-of-the-world-turns-to-electric-buggies-to-save-the-bears

Challenging conditions to run a fleet of electric buggies. Would be a good showcase for AFC charging

ocelot,
Please stop spinning literally everything Angus do and say as being positive.
It is not the case.
Where is your objectivity?
More than 16k posts, mostly here and on the basket case that is ukog, and all projecting the positive, or rosy view of every news released, regardless of the content.
Do you honestly never see anything bad with either company?

A much delayed update on progress here, released at the very last minute of their own advised timeframe for doing so, lacking in any real detail, and just 3 days later a fund raise?
Shocking management, regardless of your entry point here, tbh

Fully agree, lovelyboy (10:18 post).
Some very good and informed posters on here.
A refreshing change compared to some boards.
gla

True. LancashireLife was a good poster here.
The other 2 were both nasty pieces of work, egging each other with constant childish 'in-jokes', defaming the board and by far the most prolific posters for a while. A tag-team.
This board was unreadable for more than 6 months, even with them all on filter.
Pure trolling.
And it was clearly personal as they were doing the same on any other LSE board where GL and other bod members had a connection

Tks Arthur.
115p in that timeframe (6-12 months), while not impossible, will need plenty of delivery, which has been a bit of a damp squib to date, despite progress being made. Plus a turn in sentiment, increase in volumes, etc.
JR is proving a bit of an albatross at present too, would like to see more visibility from other Directors.

Also, seeing as Arden are MODE's sole Broker and Financial Adviser, I will take this (as all broker notes) with a pinch of salt.
Yes, this could move very quickly, but little sign currently.
Will continue to hold though and look to add when funds available as there is upside here from current SP levels
gla