The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If we’re all honest with ourselves, we’ve all seen this pattern before. It’s a human nature failing that investors get blind and wedded to shares, unable to be impartial and critical as we would be if we didn’t hold. RED FLAGS all over the place here since 2016, nothing adds up except them buying time to come up with the next carrot to keep the mushrooms invested, ie te11 at 5% cos. Unyielding and unstoppable bs from this company, very sad to see it’s gone this way :-(
It’s my view that just like with te9 there’s dual comms going on here. One set of rampy bs for common shareholders, another for the Swiss, Italian and French brigade who are Marco chums. JP mentioned at the BB event a cornerstone investor meeting over the proceeding two weeks. That’s bang on with the heavy sp weakness. It’s my opinion, just like te9 imo, that we’re getting fked here by JP and Marco again. The final stuffing. It’s all a sham imo.
And Marco, don’t forget that cant also did very very well out of all the bs ramping chucked at the sp in 2016-17. Thanks JP.
From my experience here, think of your worst case scenario and Sou can go one lower in the end. A tale of overpromising by investor drinkies and hidiously under delivering. Mind you at least JP did well out the whole sorry saga. In my view this company will be delisted and under fca review by June this year. Let’s see....
Sound leaks like a sieve. The sp fall of 25% over the last week says all you need to know. I hope the company is investigated for the timing of JP share sales and boosting the market with investor drinking events when the discovery turns out to be nothing of the sort :-(. #soundbs
10% down now, wow, just wow! World class team my arse. Top job JP!
Leaks, bs and book titles.... Leaks worth both ways. We’ve not had any unexpected pre results buying on any of our drills since te7. Go figure. This is a dud well 100% imo and I’ll be proved right. Jp will be proved a complete charlatan and snake oil seller, peddling bs for the last 5-6yrs. Sp going to 5p. We all secretly know it. I wonder if this will change the title or content of JP’s fabled book?
Just for the likes of Clive, HT and Table who are slow and green imvho, petroleumeng gets buying interest up so selling is easier. Just watch today and you’ll see. Makes sense why Brian or JJ never actually bought a single share now :-(.
Imo petroleumeng is playing games for a seller. Testing started, ask the company. Sou is notoriously leaky. No buyers and selling, what does that tell me? Same nearly every single well we’ve ever drilled bar te6 and te7 appraisal wells. I’m looking out for more chunky sells today as conformation te10 is dead for me. 8p target if we’re lucky, most likely touch the 5p placing price from years ago. I’m sure we’re all learning a lot here, possible one day some will look back and chuckle, but I doubt it. I’m trying my best to hate gherkins these days, but I find those little blighters so tasty I can’t give them up. #mirage #bs
Day after day, sp getting spanked. It’s Marco imo, and his chums. That’s what the BB event was for, same as the Gherkin event, give the mkt a push higher and increase liquidity to let them sell out. Classic
who still thinks LE will be above 40p. Please leave your name and address and I'll call the drug squad and ask them to pay you a visit.
it's not at all convoluted. it's misleading at best. if a company can't give it to you straight forwardly in plain English, it raises a whole lot of red flags for me. JP has taught this lot well.
They don’t, of course, having $15.6m cash now. That was three months ago. Plenty of g&a and seismic costs to be deducted off that to get to the cash balance today. Nice try!
Why would it impact the GSA? It doesn’t change the value of a molecule of gas to any buyer? It might impact the overall economics of any development plan, but I don’t understand why the GSA price would be impacted.
An odd update for sure. Signs of nothing going on here for 9-12 months. It’s one for the drawer below the bottom drawer.
of a red day. I'm hoping we get taken over by PRD, perhaps their mgt team are more focused on delivery and shareholder value creation and less on pints, vol au vents and lining one's own pockets.
One can but hope.
Good news is we are defying investment logic. General rule that every dead cat bounces back at some point, take PANR as an example. Where as SOU just keeps on a steady trend defying news etc. Love it.
This stock behaves like an old man that has spent years and years using Viagra to keep it up, but is sadly discovering that one becomes immune to the benefits after such a long period of reliance. What next?
A old colleague once said that a stock that can't rally on any positive news (think SOU for the last 2.5yrs) simply isn't bullish and that there's an underlying issue that the majority don't see.
That's what's going on here I'm afraid. Only question to ask is, which of the handful of major issues is it that is causing shareholders to sell into each and very sp rise?
PNE, the cos on the Palaeozoic is about 5%, ask BM. If you’re pinning your hopes on TE11 target, you’re not the person I thought you come across as. The company simply doesn’t want to go there a ffs at 5% cos there isn’t an investor here that should be hoping they do either. Te11 if deemed necessary (if te10 fails and sp at 5-10p range) should and imo will be switched to a much high cos target such as te2 or a non Paleo target. Or even perhaps investing via a farm-in into a licence where the operator has a fecking clue about what they’re doing.
Mike, I’m also not at all convinced the final even best case solution won’t see Sou equity holders having to fund development. I think we’ll have to dig into our pockets to fund 30-50% personally. JP is full of it. He tells you the best possible scenario each time, cleverly not mentioning other end of possibility spectrum nor ruling it out. The likes of Table, Clive and HT just like to hear the good stuff, unquestioningly from Captain Parsons. It’s like a religious sect. History has proven them and that approach to not only be horribly wrong (sadly all too much like predictable human nature in this investment space), but also a very costly mistake for many. Fingers crossed they actually deliver this time and it’s not another underdelivery!
Only if they sign up Mike. They haven’t committed yet. These are words from JJ, nothing new. Big investment, big commitment. Gonna require more convincing than JP gives to PIs at a free drinkers do in Mayfair I’m afraid. The market sees it to. Hence 22p sp.