Member Info for Gruyere

Hopeless management. Another year of restructuring expenses with £10m of savings to come from Investment Services, which where the headcount increased by 100 last year - so create the overspend in order to cut it and look like you've invented the wheel. The question really is why has that not been done already? Any well managed business would continually keep costs strictly under control. The report is littered with examples of where they made provision for costs they underestimated and settlements that they anticpated but didn't happen.

Debt has almost doubled! Yet more asset sales to buy time for another year of failure but still 5 million more shares added to the share count....wonder who picked those up.

Its all another jam tomorrow promise - but what happened to yesterdays 'jam tomorrow' - because that's now today!!

How's it go...add and trim? Do me a favour.

Hardup - Thank you for being bothered to do this.

Thanks I found the answer on re -reading I had missed this bit on how pi's can change their vote...

'To the extent that their Shanta Shares are held through a retail trading platform, or similar, or through another nominee arrangement, Shanta Shareholders are encouraged to contact such retail trading platform or nominee, in order to submit or change their voting instructions, should they wish to do so.'

Well good luck with that one.

Somebody on here said that they were a bunch of comedians - err not with this timing.

So if a new offer is announced today....what exactly was voting for the second time yesterday all about? Will there now be a third vote?

Ditto with ii e.mail. Why they have called on me to vote again I don't know unless the postponement means that sufficient volume has been traded as to make the old holders records unreliable as a basis for proceeding.

In any event I am voting NO - again - not to do so is risking your old vote being invalid and what's the point of that. Abstentions are not relevant as its the results of those actually voting that decides the outcome as made clear in the announcements.

SO GO WITH NO.

It shows as 14th on HL but the company website financial calendar gives the date as 27th March.

All shares and oilers on the AIM in particular are a risky investment - anyone who isn't a virgin investor should surely know that by now. Like many others I am well down on UJO but I do believe with a bit of luck the SP could turn around.

UJO had over 10 million dollars in cash and investments in mid January and has invested just over $2 million on the USA farm ins and $1 million on Royalties to produce an additional income stream - that doesn't appear rash or unreasonable. So I have added today (although the small 6444 buy shows as a sell) in the hope - yes hope not certainty - that the Andrews-1 Well comes in.

Of course to the whiners whose constant moaning about there own losses clogs up the board, why not just sell up and move on if you think its such a dud. That wasn't really a question.

Hi Christine, yes I agree that is how I read it. Its the cynic in me I'm afraid, I'd be cautious of so many 'to good to be true' leads from just one source and want to see results from initial investments before blowing all the funds accumulated.

But that's just a personal opinion.

On balance entering the US should be a good move creating a second source of revenue stream. I am supportive of the decisions so far, so this isn't a lunatic rant at the management as practised to the point of tedium by others on here.

What would be concerning is if Reach become the only advisors and source of all leads and money is poured in before seeing if outcomes meet what was promised. Fair enough so far but eggs/basket comes to mind.

For the purposes of Rule 2.8 of the Code, Elliott and any person(s) acting in concert with it reserve the right to make or participate in an offer for Currys (and/or take any other actions which would otherwise be restricted under Rule 2.8 of the Code) within the next six months following the date of this announcement:

(i) with the agreement of Currys' Board;

(ii) following the announcement of a firm intention to make an offer for Currys by or on behalf of a third party;

Am I reading this aright? If JD bid then Elliot reserve the right to enter the bidding. Anyone know?

Currys is undervalued but also overstaffed and under whelmingly managed which leaves plenty of scope for cost cutting in stores and at the top. It is more or less the last man standing in UK electricals - a situation it has yet to exploit . It has the likelyhood of becoming debt free with the cash coming from the sale of Greece.

It now stands below the offer price already made and unless both interested parties drop out then the share price should go only one way. Note I say should not must - beacause with Currys nothing is for certain.

That said I have added and added last week and again this so if a bid does comes in at 80p then I will be a load down but at least not the shed load I have been. GLA !

Don't think so. Their update on Sangomar specifies what first oil achieved is.

Chrsitine T - That's a good question. Its all about if isn't it? If they are successful, if oil flows at a commercial rate, if the oil price holds up and if that reflects in the share price then yes its a good thing. If that sounds too risky and if we want 'safe' and certainty then best to leave money in the bank.

Incidentally it is a disgrace that some see discussion boards like this as a personal plaything on which to spout nonesense. In that respect your comments about a certain other pointless contributions I share.

I think its being shorted and timed to coiincide with the end of the buyback so the selling pressure isn't balanced by he buys. Just a personal opinion.

Maybe no RNS because 4 million is less than 0.4% of shares in issue and not 4% ?

Then its either a leak of news or manipulation via shorting - whatever it is small PI's aren't in the loop. Personally I took a chance and added a few - but she's still going down.

I can't see a reason. The share buyback is close to ending but so what the business is fundamentally sound.

RADW I sent a email to beacon IR about if rod was installed and................

Mate, interest in your investment is onet thing but really give yourself a break. Che sera sera and all that

Yeah, I liked it once when I paid £4.18 a share and then watched and even added as each management presided over value destruction. Not understaffed is the understatement of the century and part of the problem.

Well, its the AIM so anything can happen before we'll get to know. However more likely its a reaction to the oil price drop overnight with a fair few majors and minor oilies down this morning.