Member Info for Gerry65

Hi Volcano - its been a busy day for me - am just back indoors now. Am planning on a coffee and a sit down to look at any kind offers that Mr Market has served up,

PFC is looking good for another trade, looks like it down 5% around 97p. COST is below its Summer placing level now sub 60p, very tempting.

I used to trade PAF but not for a couple years, so am catching up there. Also looking attractive but need to understand little more around future developme funding. A few more RNS to read before I decide if it could be a replacement Goldie for my TSG holding.

G

Volcano - I'm over the buy button on AGR but was looking for an entry at 70p, not sure if I'll get it though.

Am watching FEVR, marked down on results, down 12% ish as I type. Think there will be a bounce of 5 -7 % but not sure if it will come today or over the coming days.

G

Yep - I've taken today's profits on PFC.

On TSG although the offer price is 1.18, I'm only being offered up to 1.15 before costs to sell now. 3p is 3p lol

G

Hi Volcano - I got in just shy of 97p for PFC this morning - been out for a a walk so have just looked in, seems to doing well today. It looked oversold to me on the latest news this week.

Am going to take a shower, have some lunch then see whether Mr Market has any other offers up for grabs.

G

Volcano - yep still git my holding there - will turn a very nice profit on the T/O but tbh, think that Horvik got TSG on the cheap.

I was hoping for a re rate up towards 1.30 - 1.50 this year.

Still profit is profit. Would like to find another mirco "Goldie" to replace TSG.

Am keeping a watch over on PFC, might throw my profits in there for a short term trade.

Still no news on the Airline sale, so am hoping for a trade starting with a 2 here, let's see. BOD needs to comment soon, one way or the other.

G

Volcano - yep still git my holding there - will turn a very nice profit on the T/O but tbh, think that Horvik got TSG on the cheap.

I was hoping for a re rate up towards 1.30 - 1.50 this year.

Still profit is profit. Would like to find another mirco "Goldie" to replace TSG.

Am keeping a watch over on PFC, might throw my profits in there for a short term trade.

Still no news on the Airline sale, so am hoping for a trade starting with a 2 here, let's see. BOD needs to comment soon, one way or the other.

G

Hi Birddog, with passenger flying as it is atm the Airline sale does not seem an attractive proposition, though I did wonder if Emerald may have been interested.

Being open and honest I cashed out all of my profits from sub 40p trades in the last 7 moths or so back on the 25th Jan. I got 38.1p. I posted that back on the 18th Feb on here. i still have my previous top slices though.

I still feel the major assets, here - the Energy Division and Southend are worth far more than the present Mcap.

That said, cashflow is key here, I'm open minded as to when passenger flying will commence. It is not beyond the realm of possibly that part or all the 2021 Summer Holiday season could be lost.

The finals will be reported in May, and info on the full recovery of the Energy Division is important here. can revenues from here shore up the Aviation Division losses.

G

Birddog - agree - think the wording around the cash burn could be seen as a little misleading,

I seem to recall that a large part of the annual leases were due during the Winter period so I'm taking it that this years payments are included in the actual cash burn circa £42M since Aug 2020 end.

Taken form the 4th June 2020 RNS :
Propius has annual commitments (guaranteed by the Group) under aircraft leases totalling $15.4 million per annum until April 2027

There is the break clause in April 2023 as the Aer Lingus franchise will not now be extended beyond December 2022. ESKN will need to meet a payment of a break fee of $21.2 million plus associated break fee finance costs., to escape the leases.

So if I'm reading it right that's
2021 -2022 - lease payment - $15.4M
2022 - 2023 - lease payment - $15.4M
Exit break fee - - $21.2M

Hope I have that right, could others confirm.

All said and done they need to dump the Airline business.

G

Strange - now they are back up again - it's either me or the site.

Hey ho

G

Hi Birddog - have taken a second look in here today and notice some of the posts including yours and mine have disappeared this morning, mine are still on my personal profile and I don't think they are controversial so am assuming it's a computer glitch.

Anyway - will re post them

G

Volcano - yep have done a couple of posts over there, all hinges on the airline sale.

You looking at any others today ?

Think i'll get on my exercise bike then go for a windy walk.

G

Hi Birddog - yep i'd say overall the cash burn is Circa £42m in the last 6 months.

Which ties in with the remaining £77.4m figure.

Think the lease liabilities have only been excluded for the figures, as it makes for better reading, or perhaps to show, how the group has maintained close control over cash where it has been able to exercise control.

The short term key here remains the disposal of the Airline. With this drain on cash off its shoulders, i feel future Energy Division revenues should provide the board with the support and time it will needs whilst waiting for the Aviation Division to return to operations ( covid allowing ).

They have missed the end Feb date, which leaves the market wondering if they have hit a snag, I still wonder why the BOD decided to time frame it.

G

Volcano / MaryBr190 - i'm still holding my top slices over there, agree, news today should reverse the slide and take us back up to 1.20 and hopefully beyond.

MaryBr190 - another SAGE holder here waiting for a return to previous levels, got in cheap though so am happy to sit on my hands over there.

G

In fairness including Stobart Air and Probius into the figures, the Group full cash burn from the date of the interim figures - end Aug. 2020 for the 6 months to end Feb 2021 was circa £42m.

That said I personally thought it might have been a little worse, than that, group still has £77.4m of cash and undrawn facilities at the end of Feb.

Looks like the Energy Division is returning to full capacity, which will support the drain on cash from the Aviation Division.

Looks like the market is waiting to hear news on the sale of the Airline , and the timing of potential reopening of passenger travel.

G

Pleased with my 2.28 buy in yesterday.

I've been taking day trades on this, in the past, but am now considering looking it as a medium term hold.

Decisions, decisions, - take the profits or hold for the longer term - emmm - nice decisions to have.

G

MaryBr190 - surely the Jan 18th trading update is a good benchmark, unlikely imv to be any major divergence. At that time sp was circa 2.55.

That said, Mr Market plays strange games, brokers, join in on the fun. it's also a bit of a lottery, as to whether results hit a red or blue day.

Worst case here, hold for the div, and review late spring.

Still feel this one is undervalued. ( already back up to the mid 2.30's as i type ).

G

Morning MaryBr190 - think we have both seen the early doors dip offer, as you say, fingers crossed, for the market view on the Finals.

G

Picked up some at the open today, on the daily morning dip @ 2.28.

G

The shares have dipped most mornings, in recent days, on the run up to the results ( expect on the announcement of the Acquisition of octoScope, Inc. ).

Tomorrow is possibly my last chance, am hoping for another morning dip, anywhere around 2.30 would be nice.

G

Volcano - i saw the LSE rns, didn't see anything bad for EMG, but it has had a great run up.

Yep in hindsight I too should have pressed the button on SPT yesterday.

Enjoy the Rioja.

Will take a little look and which Co. reports are due out next week then chill for the evening.

G