Member Info for ismalia

You could be right - if Colter comes good then all will be great. Otherwise Baron is not a bad name for the company.

Frazer or the parent of Humber have their 15% of UJO so once (as we all expect) oil starts to flow corporate activity can be expected. I think a combination of UJO and Humber will make an interesting on shore capability and who knows they may go slightly off shore if the right opportunity comes along. Interestingly RBD also have an interest in Rathlin and they know what they are doing, and this of course is a gas on the top with potential oil below site and could be massive. Not too sure about any sp in say six months but it is unlikely to be anywhere near todays level.
Follow the man - DB is top drawer IMO, says it as it is and with no BS, and with Frazer on board there is a company in the making and any bid for UJO has been put to rest as Humbers 15% will make it their vehicle.

IMO the day is fast approaching when UJO will acquire Humber with the shares going to the Humber parent in Jersey. They have the resources and consolidating the licences will make UJO a much more formidable company going forward. DB who has worked very hard will remain as Chairman but Frazer will come in as CEO and the driving force. That's the bigger picture as I see it unfolding.

Let us not forget the £23m of tax losses

All the cosy shareholders own 84pc so it's a done deal by PB the string puller. There was a better reason to delist two years ago but now things are improving and there is more liquidity. A bit selfish really.

An element of trust in RK has gone from my book. It could be the NEX market but what they are considering shows that any drive to move KLN forward is no longer there

Why would it fly if we are to delist?

So much or being loyal shareholders.

I feel the Directors have no interest in he business and this is amplified in their going concern report. They have and probably ever had any interest. Selling may be the best option.

They must announce by the end of September and it always seems to be a Friday. There are two Fridays left so take your pick. The later they leave it the better the update on the second half will be.

I have always thought that little if any thought is given to their websit. Nothing on MGR and very little on the yard so why have a site?

Yep. With a strong second half and a bullish close to the Chairmans statement suggests a very good set of figures are on their way. The recent debt reduction lowers interest charges and a full year of reduced overheads and further back office income will help the bottom line. KLN could probably get a complete rerate once the Interims are out which no doubt will come with a positive start to the second half.

I now find ii to be quite appalling. It's difficult to understand, to navigate, communicate with and these thoughts are shared by all of my work colleagues who hitherto had found the site to be 80pc OK and very easy to understand. Needless to say several of us no longer refer to it. In the long run it won't be much good for advertisers.

If they are tomorrow then it is now too late to top up.

Certainly by the end of the month. With MGR having repaid their borrowing there is now more cash than the MC
MGR repaying the loans suggests they no longer need the funds which is encouraging. The yard made a profit in the second half of last year and may have done that s in the last couple of months. We could be in line for some very interesting numbers and must remember the MC is only £3.5m

Yes that may be it - mopping up a seller, but the buyers must have been lined up - how did they know? Not too much money involved though.

So why are we down on yesterdays close?

If the Interims do come out on Friday and they are going to be as good as we expect there isn't much time to top up if we think the sp is too low as they will almost certainly rerate.

All very interesting of course but nothing we don't already know. The only thing to get the sp moving is buying as we cannot expect a rerate until VS raises more cash which may well be on floatation perhaps in the next six months. If you have time then picking up cheap stock at around 0.10p pre consolidation could be very rewarding if you take a twelve month view. Turn £20k into £60k in twelve months not bad I reckon.

I rather felt we would have seen the half year figures out last week but expect it this Friday or at the latest next week. We must not forget that the second half of last year produced earnings of 0.14p and if this has continued into the first half we can expect earnings of at least 0.30p to 0.50p as revenues grow costs are reduced and interest costs decline. We are so operationaly geared that any increase in NFI will end up on the bottom line. Imagine what earnings of 0.50p could do for the sp. It's been a long time coming but RK has done a good job hereIMO.