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Been there, made plenty of money in O&G (mostly for US and Canadian O&G investments) and 95% out of that sector now with my small holdings in a couple of Dividend paying Canadian companies. With respect of Energean, I just wouldn't invest in that company. I've noted/researched it in the past (2021/22), decided not to touch it, and just as well, as they've only gone backwards since. Too much debt and dividend payouts are coming from borrowings in effect. Very reliant on Gas and that's a tossup commodity, and plenty of geopolitical risk too.
All in all, Energean is just not for me + this is a CPI message board too - I wouldn't want to drown out relevant CPI messages discussing ENOG. ;-)
Here you go, NigeCo -- https://archive.ph/cWmPP
Here's the WSJ article for you.
https://archive.ph/2VNZ1
Good one from Peel Hunt - if Mad Mouldy can't/won't help, sell-side may just have to come to the rescue!! Will Mouldy go - not a realistic chance in hell I don't think and longs will just have to live with that.
It's interesting that Stephanie is running this alongside Adolfo. HP is still around, seemingly, but can't be a good sign for her that her junior is tasked to run this meeting.
On another note, this is a research note from Edison that HP reposted last week on LinkedIn. Its a good read.
https://www.linkedin.com/feed/update/urn:li:activity:7173345242807549952/
I have no problem with Rampy Crafty coming back from her hard-earned holiday paid for by THG stock option bonuses for the THG PR team - everyone deserves a bit of cheer. This board has become a one-way bear train with the talk-track dominated by bearish traders and a bit of relief from that isn't unwelcome.
In the meantime, I'm rabildly holding on to a crazy dream I had that Mad Mouldy actually announces a division split strategy next month !!
"How many of us thought S4 was undervalued at 150 then 100 then 70 yet the stock keeps going down" - JCJ - you're right on that count and this may well be right that we could continue heading lower and none of us on this board can say with any degree of conviction that we're at the bottom. Only a change in tone in terms of an upswing in the ad market outlook can change the overall stock outlook to the upside for SFOR. The stock selling off today to near all-time lows isn't a positive sign, but what the leakers (or leak 'knowers') may not contend with is a sign that the market is willing to look past bad news for last year, and how it would react to any green shoots this year.
This is the largest position in my portfolio and since my average is the low 40s, I can't complain much in comparison with holders with much higher averages. I'm hoping that MS will pull the proverbial rabbit out of the hat next week and gives the market green shots galore. ;-) I've had 2 recent misses in my stock holdings - CPI and NEO.To -- I'm hoping that it's third time lucky for me with SFOR. GLA...
Nice one, 1msn. Ta. I've still been adding to my position here, slowly selling out from my blo0dy useless investment over at THG - one with a moronic CEO at the helm. I'm hoping that my judgement call turns out just fine and I'm optimistic it will come good, really good even. ;-) It's stuck in a range near all-time lows and that's worrying, but given my much smaller bet on SYNT came good as I was counting on a bounce in an oversold share in a sector (chemicals) that should recover after a very bad 2023. And this Seeking Alpha note from the value investor is a good take on the sector and with the US likely to skirt a recession in 2024, this is the year for tech to spend more on us. ;-)
"“Homebase loss - unsubstantiated rumour currently, based on a glassdoor post that you could have made“
It’s true. Replatformed to Custom Cart on 4th March. Wasn’t a major contributor to Inquinuity…"
And maybe that's one of the big reasons why Vivek was fired, ostentisly - I can't really see him quit on Ingenuity, and TBH I have no issue with someone getting fired if that someone isn't delivering for shareholders? The key point here is Mad Mouldy should be the first to be fired as he's done nothing for shareholders when the chips were down and it really mattered for a CEO to show his mettle. At least he let it out on his LinkedIn post that there were question marks about his ability to be a PLC CEO - I can't see why there's even a debate on that topic. If the mad hat quits/is fired, you'll see the SP jump anywhere around 50% on that day. However, that is but a pipe dream and we'll (most of us anyway) have to live with these losses for a while yet I'd think.
For now, the bears/shorts have everything going for him. Enjoy the weekend, chappies, there's more to life than Mad Mouldy!!!
" Can't make up my mind whether to buy more SFOR, THG, ASC etc. All are looking ridiculously low." If I was looking for a sound management team who're not linkedin happy, SFOR will be top of my list. THG needs Mad Mouldy to go, but he won't. I imagine he'll come out all guns blazing with 'great results' next month - that's the only leg he has to stand on!!!
"" So has anything changed ??? -- Regrettably I think the answer is no"
Yespsb - that may well be the case, but it is much needed nonetheless. To me it's a recognition that they can't be cavalier and repeatedly ignore the market's wishes for good corporate governance. If the SP goes nowhere in the next few months, then the calls to strip Mad Mouldy out from the board/CEO position will only grow louder. With the mad man at the helm I don't really expect rapid wholesale changes to their operating structure as he's mostly just talk, but this is a welcome step nonetheless.
Thank goodness, this is the first of many steps need to establish a modicum of believable corporate governance at THG. The correct next step is for Mad Mouldy to resign as CEO and bring on board a professional/seasoned shaerholder focused exec - only that can set the SP on a sustainable path back to the £170p levels that he rejected as being undervalued only circa 18 months ago.
@Trisor, "I have emailed IR demanding a truthful answer" - Why would you/we honestly think they'd know any better? THey are a lot more clueless than we are - that much is very apparent. In their minds they even hit their guidance. The reality is that these are markets at work and targets are missed, this is the outcome. I won't advise patience or any such as this is now in unchartered territory, but we don't have much choice but to wait to see if AH can turn this around OR if we'll be left holding the proverbial bag! Ground control to Major Tom!!
It goes without saying that we'll need a lot more people like HHH81 to throw in the towel before there's a turnaround - that's how the market works. I can't see what more we can expect in the near term though - AH kitchen sinked it, put reality out in the open, and of course the bears are ruling it at this time. There's no news till the June update and the price falls more or goes nowhere (sustainably) in that vacuum. I'm resigned to this being a 2025 turnaround story, albeit starting in earnest with the H1 update in August.