Member Info for devonplay

Taken a small opening position in these, alongside FSF. I've notionally added them to my fixed income portfolio.
I intend to add as and when reporting is based on what's happened, rather than what they think will happen.
I usually don't get involved in the equity of green investments, I prefer it's secured debt when I can get a access.
With this, and FSF, I've mad an exception. There's also comments on TLEP.

I meant comments on TLEI,

Taken a small opening position in these, alongside FSF. I've notionally added them to my fixed income portfolio.
I intend to add as and when reporting is based on what's happened, rather than what they think will happen.
I usually don't get involved in the equity of green investments, I prefer it's secured debt when I can get a access.
With this, and FSF, I've mad an exception. There's also comments on TLEP.

"The 2.5p backstop is holding but might be breached if the loan headroom is used up or the company has to ask its backers for further funding. "
I have to concur, there's a very good chance that any earnings will be used up in servicing debt. Which stands at c20m. Basically any problems and they'll need more cash. It's a debt vehicle for Phoenix. I think debt and leverage of the historical reputation is their game play. It's over all so tiny for Phoenix that share price appreciation won't register. Better they leverage and take income from the debt pile and use it to enhance their other vehicles that carry less reputational baggage..
Break in that 2.5 should see us move down to 1.8-2.2p
Question is, will it be worth a punt down there? Maybe.
Going to be many fewer visitors over the next couple of weeks. With Christmas upon us, if there's not a substantial up tick in the sale of "fractions", they could struggle in the first quarter.

So now we know what that late transaction was:
Vol. Sold 367,584
Vol. Bought 0
I find myself wondering - if a ball is in the back of the net, do the SGI team know they need to put it at the back of the other teams goal not their own net?
How much longer can this hold on to 2.7 with nothing but sales coming through?
If most things for SGI are "not yet back to pre-pandemic conditions." at least on thing is...the weak downward trend of it's equity. Before, during and after the pandemic. 2024 here we come!

Tumbleweed.
Pretax loss widens to GBP1.5 million from GBP1.3 million and not yet back to pre-pandemic conditions.
Sales of the fractions appear to have stalled...bottom draw and hope there's more medical intervention.
ICU: it's an overwhelming place for investors of SGI to continually inhabit. Morgue or years in resuscitation? On the face of, the patient is only just hanging on.
Jam tomorrow? Probably only the kind that Insulate Britain induces. The share price could be jammed up for year.
Check again 22/23.

"In view of all of the above, the Directors believe there is a material uncertainty relating to the Group's position as a going concern"
Usual disappointing results, illustrated by the reduction in the share price on release. More promised jam in the future.
Back in the bottom draw for another 12 months.....
""In view of all of the above, the Directors believe there is a material uncertainty relating to the Group's position as a going concern"
If Phoenix sneeze, SGI will catch potentially fatal pneumonia....Much promised, little delivered. Marked down by the market again.

You sound panicky guys, I quite understand.
"Simply, the oncoming results will be poor", as Pearls says, I think is all that probably needs to be said. But:
"Simply, the oncoming results will be poor" I would have also added "AGAIN".
"Simply, the oncoming results will be poor AGAIN" There, feels more like the consensus expectation.
"Simply, the oncoming results will be poor AGAIN" Relax, it's another opportunity to average down again....

"Simply, the oncoming results will be poor" appears to be the consensus.
" statement explaining that forward looking trading is recovering nicely "....questionable, appears to be no indication of that. You said something similar before the last set of results. What were the results? -1 million turnover & -4 million loss.
Guessing is never a good strategy.
I would suggest any lack of positive news, Magenta coloured, or "knocking it out of the park" improvement will be another RED FLAG.
More pyretic destruction of capital and averaging down will be required.! Target 1.8-2.2 in those circumstances.

Of course people sell just before results, it's obviously going on at the moment!
Have you not noticed the price has moved down?
It's to avoid the scenario of having to average down from 9p to 2,6p on ever worsening results.
You could call it capital preservation or having a risk management strategy.....
No one who's posted this morning appears to think the results are going to be good. Pearls is even expecting them to be "diabolical"!

Bought Value £53.00
F-I-F-T-Y T-H-R-E-E pounds LOL

So we have Pearls, who's been averaging down, and Exprs0 who's been buying but not sure about adding any more.
In the context of there being just a few daily trades, mainly less than 3 a day (most of those of course being sells), I think we should all thank you for your Public Service. Without you buying, when others were trying to get out, most people would be trapped here.....
I'm sure the sellers who exited, way down from Pearls original 9p, are even more happy, they've avoided the colossal evaporation of their capital.
"I can’t help thinking that the fall in the share price this week was intended to cause the actual sales of the shares"...have you consider that because you and Pearls have been buying, you've allowed others to SELL. Consequently, you've both being destroying the share price! Investors have tried to sell more than the advocators have been willing to buy, so the price drops.
Time for you to both to double down and go for it....! Think how good it will feel buying more when it hits 1.8p ;)

How many years have you been saying that now?
Living in internal hope feels like the worst investment strategy ever.
How much longer can you miss out on a global rally? Holding these has lost you an additional 18% this year...when the rest of us are celebrating being 30% up.
I admire your commitment Pearls, even though I think you are nuts! In the nicest possible way.

Volume! Is there ever any? ;)
What's going on, it's moving towards testing is lows....2.5/1.8p
Luckily the PR team are in overdrive....but if you look at GlassDoor reviews, that's overdrive looking for a new job hahaha

https://www.londonstockexchange.com/stock/CGL/castelnau-group-limited/company-page
- gone below it's first day opening price.

Yep Hargreaves showing it as well:
Sell:2.60p Buy:2.70p 0.1p (-3.64%)
Potential to be another hard day for SGI, Carpe has a floor at 2,5 & I'm down at 1,8....AAF looks like a much more appealing stock LOL
It must have been an error on Advfn....or your optimism is making you have blurred vision LOL

I'd use the source, LSE..not this one LOL
Speaking of: 2.65 -3.64% (-0.10) SGI ORD 1P this morning
YTD return -14.06 %
1 year return -18.15%
You might find this interesting https://thefelderreport.com/2021/10/27/stonks-the-canary-in-the-stock-market-coal-mine/
Stocks v Stonks.

"there was a big 1m purchase at 2.75p this afternoon,"
Can't see that on either this site or LSE. Maybe it didn't happen.
Sold Value £2,672
Bought Value £480.56
No million purchase that I could see. The above would explain why the price went down again today.

Another strong day, Sterling bonds back at par. Some weakness in the equity, I may get another chance at that. ;)

Another big move down on HBR today, the run way to end of big oil get close everyday, vultures circling BP did I read today, wanting it split up.? As we reach peak oil, I guess HBR decommissioning costs get more and more important to it's share price.
I think I read to today that one one the utility providers, or was it VOD, want their entire fleet off combustion in a little over 5 years. That will go quicker than we think. I've been playing oil through REA: equity, prefs, and debt, they've all had a spectacular rally this year. In fact, I bought some more of the Sterling bonds recently @ par. I also bought some ENQ ORB debt last year, I feel less comfortable about that, but it's not a big position. I did own PMO1 and I know that decommission costs were a big issue for them. My assumptions on HBR's final range, 12-15p (old money) is based on those concerns, but it might all different now. I could be totally wrong. Overall, I think I'm only interested in oil assets if they can be bought with blood pouring out of every orifice, I need a distressed price to offset the tide of history. I'd be interested if you have an up to date view on the long term decommissioning costs etc.