Member Info for f15jcm

Thanks me. I put a small short on when I saw the insider selling after the PMP warning. Sure fire way to send any stock up!

Mention of Humber conspicuous by its absence.

Adjusted EPS (1.1p) has gone backwards against H2 2019 (2p). Need to see more progress on the bottom line (and not just from acquisitions) before I consider buying.

I really did think the insider buys @ 0.9p would put a floor under the share price. It seems finding oil was the easy bit!

Took at look at this company over the weekend. Valuation seems reasonable. Could come good (or itself be acquired) but I have a couple of concerns. Firstly the CEO is on quarter of a million. This seems ridiculous for a company of this size and someone of his limited experience (this is his first public company). Secondly, some of the reviews on glassdoor.co.uk from current/former members of staff are appalling. There seems to be HR issues and a lack of commitment from management to customer satisfaction, yet a strong focus on their own financial satisfaction. Is this another AIM gravy train?

I'll be looking over the results tomorrow.

I was happy with the results, now the Chairman's wife has bought stock so I've added. Definitely value here. SBIZ (AIM sector peer) trades on a higher PE and has a reasonable level of debt compared to AFM's significant net cash position. 250p seems like a more than realistic target.

Impressive. Don't know the share very well but I've learnt that management offer very conservative guidance. I actually shorted the stock on the previous update as there was a massive spike despite mention of cost pressures, I thought the market got carried away but obviously not. I lost some cash on the short but managed to repair some of the damage by buying stock at the open this morning and selling only a few minutes later. Clearly the business is in a very good place and TCO going bust has been a real bonus. You'd have to be brave to buy and hold after such a meteoric ascent in the share price but it may well prove the right thing to do.

When you couple it with sales by the CEO & FD and a profit warning from Portmeirion it does make you wonder if the good times are over though.

There isn't much more money required. The debt funding package provides 90% of required CapEx. I think one of the reasons this stock has created value is that it has been able to raise cash through ASX rather than being dependant upon the AIM market. Previous raises have actually seen the share price go up (6th June).

This interview was published today: https://total-market-solutions.com/2019/07/17/ceo-interview-with-prospex-oil-gas/

Surprised this didn't gap up this morning after last night's RNS. Is there an overhang of stock?

I've added substantially.

Perhaps people are getting confused with the 'close period' prior to results.

If something like a well caught fire, they be duty bound to report it straight away.

Does UJO's cash call mean that we are likely to have to wait a little while for news on West Newton anyway?

It certainly means they can't be in possession of any undisclosed, price sensitive info, so you have a point.

Yes, I'm short. The whole sector is a car crash. Friday it was NSF, today HAT. I'm not a moral crusader but it preys on people who are hopeless with money and desperate for fast cash. The government and FCA are quite rightly cracking down on the industry. Two industry peers have gone bust, clearly this type of business is flawed. If you disagree with me, I encourage you to look at the chart. Clearly the market definitely agrees with me and vehemently disagrees with you. As someone said below, everyone holding stock in this company is sat on a loss. Why does that make me the moron and why is MTC relevant?

Why did QuickQuid and Wonga both go bust? The answer probably lies there.

*realises

HAT 16% down on the day. The sector is totally uninvestable. Talk of making 100% gains only supports my position, the market is pricing it so low because it releases it's only going one way. A positive update is extremely unlikely IMO.

I was aware it was previously Wildhorse Energy. How many of the previous directors are still involved?

I bought back in to this on Friday afternoon. Looks like it was a timely buy with this morning's RNS

NSF having a shocker today, specific mention of weakness in guarantor loans. Will come as a surprise to no one if Amigo goes bust.