Member Info for ismalia

Operational gearing is beginning to click in and will become more apparent during the current year.

This is going nowhere - there has been a building boom but the armchair builders have failed to make a profit in any trading year. Now they want a third go.

We are I feel greatly underestimated by the market. The product we offer will be seen as an essential for majors including Network Rail and of course the NHS. Two very good adverts. As new contracts click in so will operational gearing.

Buying back shares is fine - it increases eps but does it also give Directors bonuses based on any increase in sp values?

Yep I think you may well be right - we have the assets and cash and once the virus is out of the way the assets and their leases will be of value. So in a few weeks we may well see the sp well over the 0.10p again.

We are fortunate in that most of our assets are licences that will emerge as having value at some point.

Fold the tent, receivers in.

Yes bad timing indeed although the management team seems seasoned and there may well be distressed opportunities out there. I am sure the £500k is safe as it is the money of the new investors and of course there is the flexibility of the additional share capital. Nothing today or tomorrow, but I suspect the slide rule will be going over a number of potential investment during these uncertain times which of course will not last forever. GLA and remember we must all do what is expected of us.

As expected as all major motor retailers update the market. I fear we can expect the sp to move below the £2 level in the coming months. We are a well managed business but there is no appetite for what we sell or work we do. We are geared to the economic worth of the people and these are going to struggle for the foreseeable future. It is going to be a a difficult few years ahead for the car retailers and there will be no rush to buy outlets as majors off load premises. Caffyns is a fine company with a good history but the next few years will be difficult as we pay for COVID 19.

I think we should get off the subject of CV 19 altogether.

Unfortunately the world has changed There is now the potential of more people working from home meaning less cars in the station car park. Therefore the need for cars will at best stagnate or fall: in any event not good for us. The current virus will mean less visits to the sale rooms thus fewer sales. After sales will be down as car owners migrate to a less expensive facility. The current tenant at Lewes will not stay so what to do with that property? I am a great fan of Caffyns for a number of reasons and perhaps the BOD should look to change direction - property perhaps. I am sure the founders of the company may say that the journey so far has been good but there is no need to continue for the sake of history.

Interesting appointment. Ellis is well qualified within the industry so must feel he can bring something to the table.

I feel you will find that 90% of businesses will be toast by the end of the year as those working within them will be put out of work.

In today's market fair value for us is about £1m or about 0.02p. A bit less than money in the bank but given a couple of months or so then much of the recent raise would have gone. Like it or not the world is sitting on its hands and no one is interested in oil shares let alone oil shells.

After close increase in holding RNS. Cannot be too much stock in free float and I would not be suprised to see the £1 a share bid appear soon. Massive turnover for £70m and with a few large holders there could be more than one offer.

I fear PMO could go bust. A couple of days ago I posted I was to sell that morning at about 23p as I felt that price was worth getting - I actually got 23.07p. Nothing clever as I had paid 64p and thought I had bought in at bargin basement- big loss. At 15p they look cheap but are probably dearer in relative terms than at 64p. They have massive debts that need to be serviced and repaid. At the moment the cost of producing oil is higher than they can get for it. Also they need to raise £500m to pay for prospects they have agreed to buy - MC about £150m. Not cheap IMO

So what is the merit in investing in BOIL? No income, unlikely in today's market that any oil investor would want to buy into Peru or Asia at a price that would be attractive enough to sell. In any event Asia will take up to 5 years to progress and any interested party for Peru will be sitting on their hands. UK assets will need funding and the BOD will want paying. Cash will dribble out until more money will be needed to progress prospects. Nobody is to blame but where we are is were we are. The oil price will of course sort itself out but our assets are less attractive.

Oil prices will be much higher by the time Wressle, WN and Biscathorpe come on stream and with money in the bank DB will ride out the coming months. May even get a chance to pick up the Humber interests. Once all of the tanks are full of the cheap oil from Russia they will have to cease production so I can see some form of agreement on the way quite soon.

We have cash in the Bank so could find a bargain. There will be a limit to how much oil can be stored before production has to slow or be stopped. Russia will feel massive pain soon.

I sold out earlier today at 24p. Big loss but I got out at what PMO was worth at the time. It has huge debts to service, it needs to raise about £500m which is more than the MC in order to pay for recent acquisitions. Would you buy in if you didn't hold at the moment? I doubt it, so to buy in because it is thought to be cheap is crasey - in fact I feel that looking at PMO objectively the shares are more expensive today than they were at £1 a few weeks ago.