Member Info for izstar

An interesting post. You are right it makes little sense given the turn around that TRX’s managers and employees have delivered that the SP is not at, at least, 1p. It must be due as you say to those who invested a couple of years ago selling their investment into the on-going moderate SP gains
Having said that one thing I love about this company is that its directors do not use typical AIM hyperbole over the company’s prospects (which has caught me out in many other AIM investments) - they are professional, competent, do not over promise but yet have delivered a remarkable change in fortune - in my view this company will continue its successful growth story and deliver super SP returns and sooner rather then later

Something of an understatement - shocked by the current SP
I am as sure as you can be on AIM that this will be prove to be a long term winner - steady progress, new products and markets and for once on AIM genuine and professional directors who are clearly enjoying themselves
Revenue might have been another million higher but EBITA positive due to tight management and steady growth - frustrating sp reaction but I would hope only up from here - I truly rate this company hence why I have a large holding

Yes totally agree
Between the RNS, the interview and the confidence shown by increasing their borrowing capacity to $10m (what confidence by the lender) this company barring an unforeseen company will see steady growth in the years ahead (with the potential for explosive growth a couple of years out. Fiat ally an AIM share being run prudently by highly competent directors with no risk of a rights issue - I could not be happier

and.. with cash so robust and credit facility increase (demonstrating confidence in the business)) no question of a rights issue which so often on aim destroys LTHs

Yes so unpredictable but hopefully direction of travel with all three divisions picking up, new distribution agreements and expanded capacity this share will finally begin to see significant sp increases but as you say AIM can be so perverse ....

Thanks! And pleasingly wrong on cash in hand

is out on lse - $24.5m

Yes I know - so frustrating - worth waiting for though - if projections at half year were accurate together with new contracts we should see reasonable numbers and more importantly, increasingly positive momentum going forward - professional management and great products - what's not to like

was expecting results today - hopefully early next week

I'll go for:

Total sales $24.5
Net profit - $500k
Cash in hand $4.4m
Share price close of play 0.74

Here, here - pure idiocy

I totally agree and if I had not been abroad I would have made my views clear at tonight’s presentation- just watched the presentation - how can last year be judged a success when the share price is a third of what it was a year ago - they are representing us shareholders - no mention of that
I agree it was worth taking a risk but not one that would dilute the shareholder base in the way that serenity did, was totally out of proportion to the size of Eog but not their money - no other oil company joined I3e just our band of merry brothers
I would love to see a share buy back - a small one - just some acknowledgement that the sp matters
Still the makings of a successful company here - hope they prove us wrong

That is something at least - maybe someone ought to send him the SP on the day of the presentation so he knows what it is this time if asked - should not be hard to remember if that is where your focus is

yes echo that - perfectly put Stas
For me a small buy back would signal a change of approach - sp is undervalued no doubt in part due to lack of belief in our leadership team - trim team, salaries and buy back until things improve - better chance of catching the easter bunny this year then that happening but at least I voted this year which I hope more and more of us will going forward

How lovely to hear from you Digger - we sure go back a long way

No, I was pi''ed off by the move to the US so sold out so lost a pretty massive sum here. I am however really pleased you hung on as I think Rhodi did too. Well done for trust and faith in the drug and I am very pleased you got your money back

All the very best to you Digger and Rhodi if you read this

Long horrible year for us despite how board tried to position it. I hope experience teaches them to approach future projects more judiciously, to re fear their salaries and pay roll to a tiny cap company and use some of the serenity returned money to buy shares that are now incredibly at the same bombed out price they were prior to Wressle
Merry Xmas to you all - you still feel we have a chance - god knows I need this to work!

Let's hope! Did receive a response this am saying the company would bear in mind my points as set out below going forward.
Well, let's hope there is a pleasant surprise around the corner - the only one I can think of would be Ireland but 3rd qtr next year and how many years have we lived in hope both re morocco and ireland with in the shadows discussions about to bear fruit - pretty barren tree. We were assured of months of positive RNS's - they have all been bad news especially the dilution RNS which took the floor out from under the company. Time to use Wressle for the good of shareholders whilst it is making money

Thanks for trying, kind of missed the point of your e-Mail
I also wrote having a large holding begging him to reduce the payroll until such time as it can be justified, to buy back some of our cheap shares and to not gamble with OUR money - that is no more dilution
No response yet

First time I have voted against a board as it seems a destructive thing to do but felt no choice this time.Proud of all SHs who took the time to vote and make their views clear. If we had been more conservative with our approach Instead of taking on a Vegas like speculative well we all would have benefited from wressle - first step the company has ever taken that resulted in a tangible gain and when oil prices were rocketing.
Will the board pay heed? Cut the payroll, but back cheap shares and take next step when we do not need to dilute

Yes totally agree with you - my fear is that another potentially dilutive deal is being worked up. Buy back shred at this ludicrous price which their failed gamble has caused and step forward much more cautiously, save for encouraging wressle development and Irish farm out and bloody buy back some shares - also cull the number of those non essentials on the pay roll

Yesterday’s vote should have given SO a clear message. Totally agree - he should cut his salary which is bleeding money from the company and take more incentive options - all on the board should. Whether unlucky with serenity is irrelevant - a diluted punt with our money which failed. Does no one ever take responsibility any more and set an example.