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I suspect this is market speak for gone bust.
Despite an 18per cent rise yesterday, my holding is still 32 per cent down.
I don't think I will pop the cork yet.
While I'm ranting, would people please refrain from moaning about social media then using # and @ before words. Save it for X (formerly something else).
This share is currently losing me 99,5% value wise and has been consolidated to almost nothing.
The Boards greatest concern is the name of the company?
And how much is to be squandered on this completely unnecessary venture?
My votes are in. Against on every proposal. Including the allocation of bonus, but worthless shares.
Winding the company up will be less painful than going down this rabbit hole.
It seems you are the last small investor left on this BB.
I fear the masterclass in how to make a billion dollars disappear is now complete and there is no hope left,
I'm out after more than a decade.
C Ya.
When you have finished the champagne, check out the history of Cairn Energy.
Then you can say you have done your own research.
So, its jam tomorrow.
Heard that somewhere before?
Let me think, finished.
Jam tomorrow.
Next year we will all be millionaires Rodney.
Same story as the previous decade.
I look forward to reviewing next year. Just remember the exact words, The market is wrong, very wrong.
Anyone else suffering? Kill the ad and have a grey box covering the message area, have to type blind Chris on last message should have read C N E but was auto corrected.
Chris now at 462 in the FTSE. Tullow is at 341. When there was talks of a merger, they were within 10 places of each other in the FTSE 150.
From 392 pence in Dec 22 to 166 pence today. There is no point in arguing about what percentage the recent drop has been. It has more than halved. Period.
Consolidation is meant to maintain share value after a payout. It has failed. Again.
Those who are advocating that there will be a remarkable turnaround in fortunes next year are in a tiny minority.
Jam tomorrow. Same old story.
If revenue has gone up and overheads reduced, why has share value crashed?
No confidence is the only feasible explanation.
Or is the market mistaken?
Time to wake up and smell the coffee I think.
Another consolidation, another drop.
What exactly would attract small private investors to this company?
Its exciting prospects? Income? Growth? Performance? Returns on Investment?
It has taken years for a partial return from Modis Billion dollars.
The fact that only the Institutions will invest is indicative of the lack of prospects.
The remnants of the Billion is the only attraction left.
Pass me a voting form please.
Lots of optimistic predictions going on here.
To see the future, view the past.
Consolidations have twice been followed by share price drops.
Repeating the same operations expecting different results is one form of madness.
I had high hopes for this company after the previous board was ousted. Sadly. I think its time to oust the board.
Blimey, here we are in H2 already.
Nearly time for another dollop of Modis Billion.
Jolly Good.
Carry on.
Have I got the wrong end of the stick?
The quantity of director dealing fills me with confidence.
The share rebuying is having the desired effect and is returning value to shareholders by increasing the SP on a daily basis.
Keep calm and carry on.
Easy to see how you jumped to that conclusion, but you are totally mistaken.
We will all be millionaires Rodney.
Just like we all became after the last share consolidation. Wake up and smell the coffee, without income a company goes nowhere only down the tubes. Modis Billion has been squandered away and were aye doomed.
The update did not set the market on fire. Look at the price at the time of my post.
Look at the price and time of my current post. Underwhelming to say the least.
The 8th of June has arrived.
Am I wishing I had invested more? No. Some people wear rose coloured spectacles. I am not a troll, just a realist.
Following the last consolidation of shares, the share price went down.
The process has now been repeated.
To carry out the same operation expecting a different result is one form of madness.
Lo and behold, the share price has dropped. Again. Madness. The market determines the price, not the bean counters.