Member Info for Isengard7

telecoms industry have a lot of unsavory characters and dodgy management teams. i suppose that's just AIM in general. i have heard the management team for CityFibre are good people. apart of my research into the company involved talking to people within telecoms as to their opinions on the company. so thought I would share it. obviously do your own research and ask people who work in telecoms what they think.

People i spoke within the industry agreed it was a decent independent or alternative provider. Makes me think its worth a punt.

to be fair i don''t think there any decent alternative network providers outside of the big providers like BT/Virgin etc KCOM seems to be only focusing on Hull and Yorkshire. I can't think of that many competitors for CityFibre outside of the big providers. Cityfibre got big plan to offer its network nationally. I spoke to someone who works in the telecom industry and technically knowledgeable on fibre and networks etc the company is worth having a small punt on it.

Citadel & Marshall Wace about to get burnt...

looking bullish now. nice volume spike.

share price has broken above the 200 day moving average. this looking bullish since the Shetlands RNS and Cavendish increasing their holding. Timed very well with the Syrian news and libyan oil field shut down. Oil up to $56. very strong correlation between PMG's share price and brent.

Synergy with Debenhams could create some interesting results. Mike Ashley wanted a sports direct concession in a major department store. doesn't take an expert to work out what he's planning. I think any future value in the company will involve a department store chain and Debenhams seems to fit the bill.

telecoms industry known for mergers and acquisitions. always transactions occurring. Cityfibre may be starting to look cheap now.

Haha! Gorilla Cramp. Big fan of yours on Twitter!

due to these exceptional items. £2.4m impairment charge inrespect of exploration licences relinquished £3.0m negative, non-cash swing in the P&L from the revaluation of Share Appreciation Rights in G&A expense. for me this is a hold.

Dukeklya I disagree. There is a difference between gross profit and net. Arbitrage is correct. Gross profit has gone from a loss of-£000 -4,085 to 672. from 31st dec 15 to 16. At gross profit line this is great news to the extent that cost of sales is now under control dropping from £11m to £2m. PMG now need to ramp up production further on gas in order to break-even and generate a net profit. In my opinion the bad news is looks a bit unlikely now to meet Fincap's forecast of £2.3m ebitda for year ended 2017. I think breaking even on overheads and getting the bottom line back in green is a more realistic goal now. That being said certainly a step in the right direction. they said they would get cost of sales under control by shutting athena oil field down. and that's exactly what they done and they have delivered that.

1.cash burn 2. financial statements show its loss-making. 3. price of oil is still low Why is it worth a punt? 1. Experienced CEO and management team 2. profitable gas project in Diever west 3. Fincap forecast £2.3m EBITDA and PE ratio of 15.8 for results year ended 2017.

interims out later this month up to 31st Dec.

Wheelyb. bear in mind it tested 70p only in January. Prepared to be surprised then. I would be surprised if reach 100p. I wouldn't be surprised at 80p.

based on their forecast fincap have a target price of 80p.

athena oil field is shut. shouldn't be incurring costs on that anymore. diever west gas fields should be profitable. Fincap are forecasting EBITDA of around £2.3m for YE 17. PE ratio of 15.8 and positive cash-flow.

LOL too funny. anyone actually read the admission document. company's financials don't indicate it has ability to pay dividends. loss making.

“Berkshire [Hathaway] has been better off by me having a plane available to go and do deals. It’s a plus; we’ve done things I would not have done if we hadn’t had a plane.” — Warren Buffet, Berkshire Hathaway smart investment for Mike Ashley. it will pay for itself.

the company jet is probably for all the directors not just Ashley. A company that makes as much net profit as this can afford it. and if the directors can fly out to other countries, markets and offices etc for business meetings and executing deals more comfortably then in the long run having the company jet will pay for itself.

would make sense for them to sell them once share price has recovered. make money off their own shares. potentially treble in price. would be stunning if they pull it off.