Member Info for fonters

Thing is though mtuk, we know we're getting an RNS today - why not at 2pm?

Quite rightly small ones. If this goes well, a small punt will be many thousands, almost instantly. If it goes boss-eyed you only lose a small punt.

And the buys continue to drift in.....

The only trouble with hitting the leaderboard is it brings in a herd of people who know nothing about the company and cause a spike. They would be better off buying now!

Well something will certainly happen today......

I already did a little top up nuke.

Exciting isn't it!

The only nagging doubt I have here, apart from the obvious red or black nature of the punt, is was the rise caused by the mms to allow ironsides out in the first place?

I hear what you're saying nuke. But I don't think the standstill agreement means they're in talks, therefore the talks can't fail! For whatever reason Blackstone aren't (currently) foreclosing on the loan, even though IERE is in default. I see this as positive, as if Blackstone had reason to believe IERE situation was going to do anything but improve, they'd just pull the plug. AIMHO of course!

Completely agree with regards to a punt being a punt here. Possible to lose the lot on one RNS, and as the upside on a positive RNS is so vast, there's no need to put much in at these levels in order to make a tidy sum on a positive outcome!

What I mean re TVZ is that they didn't have assets to cover the debt. Or at least I don't think they did. The problem here is the loan to value percentages are a bit out - hence higher interest and no profit. With even a slightly more optimistic valuation from Savils this month, the problem's solved.

I don't think TVZ was quite the same though was it?

The repeated standstill agreements are indeed interesting. I can't come up with any other reason for them than that one veldt. Guess we'll find out soon enough!

It is indeed nuke 39million of them, so about 30million sterling.

Has to be said though oil there is still the real risk it will go bust! The point here is it will either rise enormously, or go to the wall. It can't really rise a bit. Its all or nothing!

Pleasure oil. Makes sense - just hope I'm right!!

Thats not quite what they said oil. They said no cash would be returned to shareholders from the sale of assets - as it will be used to pay down debt. This should then trigger the step down facility in the loan arrangements, thereby returning the company to profit, and allowing it to rerate to its NAV , as most REITs seem to trade around NAV this would be c30million. Also, the remaining assets arebeing revalued, and I suspect upwards as economies improve. So I arrive at c.50million, which is more than the present c.780k, therefore I think it will rise. QED!

Hi oil. If the company survives - and it is a big if - I would guess at a mcap of around 50million. So around 20pps.

Quite. Roll on tomorrow - and the rest of the week, and hopefully news that the step downhas been triggered. Then we will see a huge rerate.

City investor unit 1500 to 2000% rise. Bloody derampers lol!