Member Info for Herbieridesaga

Hows the cash position anyone ?

lol

I dont think I would be unhappy with 60p so I din't think that's talkin this down. Obviously 150p woud be better but lets get real.

Well it was wasn't it ?

Yep I think this really is project fear... I was a remainer and I felt very insuted by the project fear label. What makes me augh is that the ony Brexit deal we coud achieve looks very similar to project fear. However instant *5 write off - yes well no actually... I think he was put up to it.

Maybe they think it will change Brexeteers minds - LOL

Well BOE just stated the doomsday Hard Brexit scenario - surely that doesn't send the DJI to the moon ??

Yes price of old and DJI both jumped - anybody know why ?

Well gold actually

Alba and Angs moving - Ukog static - weather forecast - re-rate for the AA group

Thanks sir

I was just looking at the LSE financial report and it doesn't say how much cash we have available.

Totally agree. All focus is on HH & Brockham. UKOG and ANGS started to drop when the oil price really started falling - almost to the hour - but oil has flattened out now. However as we know ALBA has just been dropping non stop - so I conclude it is oversold due to the disposal of placing shares - and whatever NAV calculation the market is makin is somehwat hiher than the current value - even after the increase in shares in issue.

Tell me more - I didn't follow the SEPU story.

Yes - devil will be in the detail. An asset is only worth somethin if you sell it, Usually you have to pay your debts. What it does mean is that if you want to buy Flybe - the price of the shares is not the main concern, so offers could vary widely depending on how much the assets are worth to the buyer. That may be more or less than their paper value dependin on who you are. You would think that Stobbart would still value this at the net £40m plus/minus the change in the balance sheet since the time of their offer...

If you buy the company i think you buys its liabiities like debt.I beieve it is then up to you what you do with it. Is £400m the figure... hmm interesting. I took the money and ran yesterday afternoon. If your number is correct - I'm happy I did it. I'll wait and see.

Well I believe its 10 percent below placing price implying to me that some placing shares were forward sold. Glad to be corrected on that one.. Also implies to me placement share selling should finish soon. In the absense of other news, value should reallign with NAV again (jmho). As I hold all 3 I consider myself neutral. I have to agree Angs appears to be the only 1 with positive sentiment and is sold as the only one with near future positive cash flow... not sure that's right but what I am sure of is cash flow shortcomings are now being judged very sternly by the market, and that could explain the issue. Afterall RBS (who we all bailed out) said it would be reigning in its lending - so I expect they all are.

i am sure that even if that was their offer - as long as two bidders remain - the fina offer will be higher.

too many - not - to much

Big change from your Friday position Seaside... !