Member Info for grsshaw

https://www.bbc.co.uk/news/business-64248564

Does the GHC Duel Fuel JV have first mover advantage wiTh this concept I wonder ?

When you look at the turnover/profit & 2/3rds of the current MC is ATOM - they with two drills scheduled for H1 & H2 2023 - one farmed out the other no sure yet, the value here just doesn't add up.

It appears no one wants to even look in at MEN let alone invest or trade - can't sell as liquidity is dreadful and cant even put a limited order in as my broker won't accept limits on MEN shares...

On another board it mentioned that one of PL other companies acquired a US asset early 2018 from PPC and cancelled some of his debt to purchase it, they feel the same may happen with Louisiana.

PL cant be happy with the current situation (all other shareholders certainly are not!), I'm still sort of okay with where I am and will see this through - I have a large holding for a private investor, and I can see some benefit in holding out to see the results of the drill/s and how they position MEN for future trading.

Still don't understand why MEN didn't provide full trading guideance figures for 2022 in early Jan, this could easily have been possible which is why I feel investors and traders stay away - need more detail and to work with your shareholders please PL!

As ATOM holding has, what seems to be, zero value for the MEN SP, maybe they could sell some of this stake to reinvest or clear some of that debt. Seems there’s little benefit in having this holding when you look at the overall company SP performance. Even if ATOM SP increased to £1.50 a share, it probably wouldn’t increase MEN SP!

Q3 = $17m pre tax profit plus whatever is generated in Q4 - some of this profit can be used to pay back PL - looks like PL (at high interest rate) will be paid back first with the Bonds being rolled over- not a bad rate either TBF!

Martinez del Tineo programme - no mention that this will be a farm out or go alone, but looking to drill H2 and also looking for oil!

Drilling programme and work overs with drill rig to stay on site is some commitment - maybe cash/profit in Argentina is a lot better than most are forecasting! MEN will have an extra 6 months cash flow/profit to play with!

Paraguay - if this does spud end of Q1, you would hope it will attract a few traders to boost some much needed liquidity!

USA - shame this has not worked out as planned with the recent investment!

Disappointed there was no turnover/profit guidance for the full year though!

Let's see what happens on Monday. Personally I feel MEN is extremely undervalued, but I guess the numbers will be the judge of that!

Interesting that Dual Fuel was announced yesterday and not as advised on Monday 9 Jan - will there be any more alternative energy JV's announced on Monday I wonder...

I am predicting numbers will be okay for the full year - clearly there has been a few issues with wells being offline in US and Argentina but Q3 numbers looked good for Argentina. Assuming any profits generated will reduce debt in country.

Market doesn't like PPC or MEN at the moment maybe PL, maybe O & G, maybe Argentina - probably all three TBH, but we have to remember that PL is a high nett worth individual (which as we know opens many doors) and assuming he has plenty of contacts in many countries...

Let's see what he can achieve outside of the O & G sector! - at least he is having a go and trying and add some value..

Anyway, not too long to wait to find out what else they have been working on...

Unfortunately this RNS is a miss for the Quarter performance and also full year!

Clearer now why the CLN facility is required as IES have limited control - is this down to customer delay or manufacturing!/logistics or a bit of both…

Positive comms for 2023, but will be down to closing deals with timely deliveries - cash is now the major concern for 2023 and they need to find a way to resolve this if they are to move forward

LODES is the next one to look for next, but feel IES needs to either reduce spend or raise further cash during Q2/Q3

I will keep watching, as I do believe this will taken over or merged in 2023!

Good luck for 2023

Looking forward to seeing what they have been up to during the last 6 months... have a feeling it will be confirming how the company will be set up with MEN being the holding company.

Lets hope the profit/cashflow is strong and some of that debt can be reduced trading into 2023 with the benefit of seeing Atom MC increase and other new energy initiatives are launched succesfully and understand what the future looks like for the O & G business in Argentina under MEN holding!!!

Good luck to you NicetoMichu - sounds like a well thought out strategy.

I feel re the timings is to get in before any updates and certainly Lodes contract (assuming successful of course!) IES is still on everyones radar and the traders will be back in quickly with any news if daily volumes shoot up.(there will be a few who won't touch this now due to the CLN's though!) I guess that's the risk of waiting on the sidelines...

Yes, I have done really well with IES over the last few months, but also placed a lot of cash in here and was down at one point over 50% on some of my purchases, luckily I did buy a lot in the early 20's. Also did well on REDT a few years back, so this sector seems to be a lucky sector for me!

If the trading settles around 38/39 for a few more days then this may provide some support and I may dip my toe back in, but every day without news could mean a further dip!

Let's see!

I think you maybe right, the markets are now trading in uncertain territory and investors are worried in case any more of that finance will be needed in the short term, IES have not been clear on the reasons for the last minute requirement.

My guess is that they had to put on a back stop position in case LODES was not successful, basically their advisors telling them 'I know you are confident you will be successful with LODES early 2023, but what 'If' you are not, you can't rely on this alone to finance the business as a going concern - you need to raise finance now with enough to get you to Mistral, if win LODES then great, but if not your fully covered'

Also, although you don't need the cash right away, terms of the deal is you take a part of this immediately so we get paid for setting up the deal...

I am watching from the sidelines and will come back in at some point, but not yet, as this is on a down spiral at the moment. News may come in before NY, but re reading that last RNS I'm not so sure now! I may miss out or I may get this right, but there's one guarantee, I certainly won't lose any money by waiting it out.

All part of the game and price entry is the most tricky - I thought 40p maybe a support, but looks like this will be tested today/tomorrow...

Good luck all

I'm sure they do AllinEol, but MEN have now been diluted slightly - unless they took part in the raise to maintain their %. I don't think they did when looking at the numbers involved, but surely they should be updating SH's either way!

Anyway shouldn't be too long to wait for an update hopefully, probably will be in the New Year now!

Disappointed there has been no update re the recent fundraise at ATOM. As MEN is holding a substantial %, I would have thought they should update shareholders with any changes!

Also, general silence is a little frustrating - can we have update soon please?

Interview below re the fundraise, clearly this was a way to let a new large shareholder in without paying a high price, maybe MEN should have sold them a chunk of their holding to pay down debt if ATOM didn’t really need the cash!

https://www.proactiveinvestors.co.uk/companies/news/1001522/atome-energy-in-opportunistic-fundraise-1001522.html

Price seems to have a little support at around 40 and looks okay, I will leave it for a few days to see where the SP settles - it looks like many trader/day traders are playing with the volatility available and this may continue unit the next news update

After thinking about this, I have my own thoughts on why they had to place the CLN and it may not be too bad, but still have knocked a few with the out of the blue RNS yesterday

Good luck all - lets see if my 36 gets a sniff over the next few days!

Be interesting to see what happens to the SP today following yesterdays drop.

some may still trade this in the short term if volatile swings take place. Interesting there were still a lot buying shares on the way down yesterday after the RNS

I have an order in for 36 Incase it continues its fall - very speculative, but would be willing to buy and then hold at that price or lower…

I've dumped mine until I have time to review - I will buy back just not sure when. Sometimes you have to react and change your mind when new information is available

I still like IES, but this has been dropped unexpectedly and completely unsettled the rise...

Good luck to all those that hold, will be back and hopefully time my re-entry at a good price

will be back in the 40's very soon - what a total shame, just when some investors were breaking even or actually making money!!!

I agree, not great timing - think this will knock the momentum and will be probable run back down

I just hope they have some very good news to counter this...

I thought they had enough cash in the bank, clearly not...

They would have been better doing a raise!

Nice one - always good when cash is made., well done you!

Are you looking for a lower entry to trade IES again? It is possible it might retest 53 then 50 very quickly but then bounce back and continue the rise much higher.

I took a new position here today at 4.75, last looked in at 6, but didn't like the noise, so sold and got out very quickly.

I like this set up now and will plan to take an even larger position over the coming weeks/months. BMN 1.2 - let's see how this one works out!

It may take a breather for a little while, but the set up is looking stronger each week here.

Plenty of volume, which helps to support these higher prices, even if it dips again, I can see this doing well this week and into next.

Keeping my powder dry until mid afternoon and review the trading options then.

Either way looking very good for the short term...

I have traded a few as mentioned previously - sold at just over 53, my Christmas is now a free ride - thank you IES.

Will continue to watch pricing for other trade opportunities, but I have enough for my medium investment shares already.

More news to follow I'm sure...

Brilliant news, this is more about the future orders that this partnership can create than this first initial order - this should lead to many futures order following successful testing. Another cash payment will help short term cash flow also.

Bear in mind this is all about future orders now, even if they received a massive order, they couldn’t supply until they increase the manufacturing capacity to build to this new demand well into 2023/24. Future order Pipeline is key here, and it’s looking better each week.

Will this be the RNS required to take IES over 50 today - I would like to think so, if it hits 50 will it bounce even higher to 53/55, maybe higher?

Great work again to all at IES - well done, again!