Member Info for ismalia

Interims at the end of November and the Lookers update not looking good for us.

Good to see some buying - are they both yours Fortitude?

But why no listing of the Rose & Crown on the portfolio list. Half year results to the end of November due in February will be the next interesting RNS, unless of course we have another pub purchase. ATB Fortitude - lets hope we can get others posting here.

Fortitude - the Rose & Crown purchased from Arkles in May don't seem to be in the portfolio on the Website. Any thoughts? Is it open or did the purchase not complete? Also car purchases/sales seem to fluctuate quite strongly but my concern here is the high interest paid on the stocking loans. Any thoughts and are you still buying?

Any news may come with the full year figures - next couple of days

Thanks Fortitude. I think you tick all my thought boxes. I guess you are right about consolidation as on reflection there has been a fair amount of work accumulating the current assets and putting the appropriate websites in for the Pubs and the car centre which I feel are all well presented. I was in the original mining company but I feel more positive with the current change of direction. I take your point about GC and feel sure he would not have picked this stock unless he knew where he wanted to go with it, so yes patience will I feel be rewarded. GL

Fortitude... We currently have six pubs and one car centre. The footnote to the AGM result tells us that the intention is to scale to 5 - 12 units over the next 3 years. Is this as you see it or do you feel there should be a more ambitious program? I will still add as even with the current portfolio I feel a MC of £2.5m continues to undervalue the business. You seem to be positive on the way forward as I do but feel we need a more aggressive way forward. Any thoughts?

If there is an update statement it is more often than not announced to the market by way of a early morning RNS. Nothing so far.

I assumed it was your sale earlier this afternoon that's why I followed. Such large holdings.

I cannot take a chance so I have also sold!
GL

PS... I see you have sold out Fortitude - is it bad news tomorrow?

Good morning Fortitude. Tomorrow we have the AGM... are you likely to be going. I realise we don't always get a trading update at most AGMs but for this one I am expecting GC to want to be positive and give the market a sense of direction.
Well undervalued IMO and any positive news should help the sp which in turn will be good for any potential acquisition.
I also feel that any reasonable acquisition will lead to a possible suspension ahead of moving to AIM where there will be more interest. The current MC looks out of step with the what the existing group can earn in a full year so we need some good PR from Finncap. You mention 5 years but in my view it could be a much shorter time frame - I only have a modest holding but those with a reasonable investment could be well rewarded once the dots are joined up.

You mention acquisition Fortitude - do you favour cars or pubs. Have you heard something at the bar?

Your first post here then jarosg?

An unusually large buy. Some one in the know?

Buying interest today although I doubt it is due to the two cars off the stock list. The AGM is early next week and we can look forward to a positive trading update IMO. Car turnover is very active and the pub/hotel business should have been good during the first quarter of the current year. MC still less than £3m

12 Cars in stock yesterday but 92 today. Big investment and all hand picked by our main man at Centurion so we are told. Perhaps an update on cars in stock at the AGM - anyone going?

Interesting - I think you will find that Malcolm Butler who runs Baron Oil also is top man at Corfe. And Baron has a fair stake in Colter. Not 100% but it may be worth checking.

Yes and many thanks. I also feel that Indonesia will be worth the watch as it was there that SG was looking to do something but if I remember was put off by the need to provide up front funding. The more recent move into the country may be a small but pivotal entry for ADL

Thanks m444. But why so long for Colter? With so many interested parties you would think that they would be spending time on the project and updating all. As for Eagle why did we top up.