Member Info for Investor14

Hi FR; I followed the story of GED for over two years even Simon Thompson tipped them; I managed to get a substantial holding at a very good price; felt like the market was massively under valuing not; the expectation was that the Loan would be repaid; cash returned to shareholders (think legendary Investments); or they make a great acquisition (many firms have taken great advantage of the downturn to increase shareholder value). I was super confident there would be some sort of re-rate - i even spoke to Anna on several occasions. However the Loan was repaid; the deals done where shocking so I lost a lot of trust in management to use the. Ash wisely. That was key for me as I'm of the opinion that compant purely exists to the benefit of management and the majority holders such as the RTO was structured. Naturally I thought I'd keep an eye on this share to see if they do put that money to good use, until then the share will spike once in a while (as is the pattern prior to trading updates) but ultimately cash burn is high for a company that doesn't do anything. They had the best part of two years to buy depressed oil assets, instead they invest in 13 boats which they themselves admit might never be used. Personally think those who managed to buy Sub 14 have a great risk return especially if the board pull a half decent deal out of the bag - will they - I don't believe so. Another poster mention SRT - different kettle - think Sea Energy and look what happened to them.

Seen a few SP predictions - mostly around the 11p mark; however these seem only to be based on Argentina; correct me if I'm wrong what value is attached to Paraguay and the other assets/Licenses PPC have. Say the work over is as good as they expect and we get the 1200bpod what price are we looking at

Completely different industry; SRT business (correct me if I'm wrong) more in relation to GPS tracking on boats; legislation passed that required boats to have these devices hence SRT price increased

If the directors buy it's not necessary a good thing; how many times have you seen directors buy and then the share price goes the other way; my concern with this share as was proven by the RTO is that the directors can pass anything they like because they hold so much of the float; if they continue to buy you have less influence over the decisions. The last RTO would never have bee approved if there was a large free float. Admittedly if they do a super deal THEN the investment case changes but based on current circumstances it doesn't and I will not invest based on potential as the board have proved they don't have the necessary business acumen, naturally if you believe in the potential and the board to make the right move then go ahead and invest;

Cash is only KING if it is spent wisely and from PST experience (2months past) it hasn't been spent wisely; no dividend payout and previously they had no obligations whereas now they have to fulfil interest payments which amount 2-3m a year.... they also have CLNs; look at the full picture; If when the results come out and they have concluded an amazing deal then good on you but the chances of that are slim to none. Have a look at the RTO and the Related transaction in relation to the Loan would love to hear why you guys think it was in the interest of shareholders and how it will generate shareholder value.

Wouldn't say bitter; I bought into the story but the RTO shafted PIs, I managed to get out at a good price so didn't loose much; just trying to balance the opinion here, I know clearly how much money they have etc trying to give others a view as it does seem people are jumping in to buy without knowing much. You may call it bitter others may call it deramping but I feel compelled to give my view. Obviously you don't have to take my opinion and invest; best wishes

The vessels are very old and are not in use; they also make it clear that they may need to invest to make them operational and that they may not even be employed.

Just have a good luck at the RTO; instead of using the money it had it entered into CLNs issued by Majority holders; they gain a hefty payout whilst PIs loose out. Unless there is clear evidence of a strategy don't touch. PIs got shafted royally, yes you may make money on this with PIs jumping in; but not on fundamentals more on herds increasing the price

Cash burn and interest payments on CLNs are very high... age of boats is very high - rust buckets at best. Just be careful before investing in this company

Review the RTO and then tell me if that deal was in the best interest of shareholders.

Not sure why this has shot up; yes it does have s lot of cash but it has entered into a ridiculous deal which pretty much shafted PIs, check my comments below; they cannot pay a dividend for the next three years so don't bank on getting a payout. Only invest if you are confident Board will use funds wisely or an RNS has been released providing details of a great deal; see my previous comments. Be careful

If what is True?

Anyone got any SP valuations and calculations

Wondering if there is a large sell in the background; Has anyone used L2? Is it worth getting

How has the price just moved down Arggghhhhh

Hopefully it is; so when they deliver hopefully bod will release an RNS to Keep shareholders updated

Must have missed the budget target but I couldn't find it in any of the RNSs; my concern was that they were on track to meet 100 and missed it massively; now if this is as they say due to one shipment then once the shipment is received the price will increase without a doubt. I think recent actions by the bod has caused distrust and it appears that those that have invested and remain invested are taking a leap of faith (a massively leap of faith in my eyes) and those that have sold out have lost faith in the board and believe it's another jam tomorrow story. Time will tell

There appears to be mixed views on the RNS and I am very surprised about TW. If any other AIM co misses targets and issues poor communications he is on them like a ton of bricks. Is it because he has an interest here. A few people getting hung up over "There is no reason to believe that these shipments will not take place in the future". I remain uninvested as they clearly mislead about targets; introduced a budget target which has never been discussed previously; some see this as a recovery play - I'd say wait and if the bod are half decent they should release and RNS when the shipment take place as it would be material news.

What annoys me is this that they've never mentioned the Targeg Budget previously

Correction out Still no change in my opinion