Member Info for interesting

Hi Andy. I'm no expert but I think the issue might be related to the delayed payments. If you go to the 2016 OPG accounts (on their website) and look at page 66 and look at trade receivables; there are £56.7m in total of which £25.5m over 180 days. Perhaps this is what has caused the selling and the change in Shore Capital rating. I do note that none of the trade receivables are shown as "impaired" but the figures are a bit concerning imvho. I continue to hold but won't add until that is resolved.

Total- I did note that Shore Capital had changed their rating to "hold" - so there is something we may be missing, perhaps surrounding this issue? At least it's not a sell rating so I'll continue to hold - but will avoid the temptation to buy any more , for now.... ATB

Hi Total It did say "as previously reported" in the RNS, but I can't recall seeing it and I couldn't see it in the 2016 accounts. I would like to see some chunky director buys once they are able. I'm still holding - time will tell if we are right!

So I reckon the PE ratio will be about 8 for FYE 2017 - (current share price). A few potential headwinds we have noted so it might be lower in future year projections, but given PE of FTSE is c30, it seems worth investing. Might be one where we have to wait for the business to mature before we see the value reflected. ATB

Thanks CTW. I couldn't find it either. ATB

Shore Capital's rating has gone to "hold" today. What's that about? RNS looked good to me

Thanks both. I had a look at the half year results presentation. Page 7 paints a very positive picture. I have only a small holding atm but, after reading that, I'll look to add. KR

Can someone check I'm not misunderstanding the following comment from the trading update RNS. It says: "In the six months ended 30th September 2016, according to its unaudited results for the period, the Company generated revenues of £118 million, EBITDA of £41 million, profit before tax of £18 million and earnings per share of 4.80 pence." Assuming the second half is not dis-similar (although I note it may be a little lower due to a couple of thing) and so let's say EPS is 9 pence - that means that the PE ratio, as it stands, is about 55/9 = 6.1. That seems ridiculously low. Am I missing something???

Hi pal. I don't think that's right that the shares have to be bought following the delisting. Certainly the company won't offer anything for them (since they have no cash) - hopefully get an offer from someone though - but might not be pretty... GL

You have the shares and rights exactly as before - but it is much more difficult, (sometimes near impossible) to sell them - although sometimes you get an offer come along... You tend to get less info too (since no need for RNSs)!

Looks like sells to me. I feel a bit misled by the last placing RNS (perhaps I just read it with rose tinted glasses) so I've sold out today at 25% loss. Hope it works out for you that stay ATB

Route - that's just part of the placing formula, nothing more

Now you've got me worried about saying "buy" ;)

Exciting times ahead GL

Hi Sheldon. We have the Abramovich Russian connection too which I'm sure will help. PS Technically, gas weighs less than air and so they have loads rather than "tons" :)

I thought it must have been an error! Sitting at 4.4/4.16

Lymie - embarrassing, but I incorrectly recorded the directors buy. It's not a lot. Cheers for pointing out

Hi Harry. I wouldn't worry unduly. Small amount of money and is quite common on AIM it seems! Directors have just put a lot in - expecting things to improve. Let's see. ATB

Actually closer 7k, but splitting hairs. ATB

Hi Arminus Yeah - put 6k in today. I was a previous holder here and sold out to avoid the falling knife. I think this is the right time to rejoin. GL all