The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Happy New Year to all holders
Totally agree. Need elections out of the way, despots to stop trying to grab land and power and the world to come to its senses. Next update critical - if continuing to grow turn-over and hopefully maiden profit - given the demand for their products this share will in my view rapidly rise. All is in place - just one last rights issue/loan for further expansion next year and this could very possible triple or better in the next two years - lots of ifs and of course it could go the other way
Yes and to all lths - will keep these for many years to come
Never know what is going on in the background but they are setting up for a bright future - just need that first year of profit not ebita profit - then further expansion and right to sell in the many countries they have applications in for and should be a bright future
Hold a fair few aim shares, our directors stand apart - have faith in them to deliver
Yes same to you - next couple of years should be the making of this company
no, just heard it all before, many times
i am a loyal, long term shareholder and don’t ***** or praise according to daily share price. the one thing this company has been brilliantly successful at is large failed projects over many years
of course i hope this works out - can’t afford to sell my holding
You are in good company- have lost a great deal on this company constantly averaging down and am now trapped
Only hope was a sale but that is now ruined. More big plans, more confetti shares, more failure but not for those on salaries
Disregard for all that has just taken place- europa is WH’s and the board’s play thing _ great salary, exciting and expensive trips, fabulous lunches - whilst wressle runs dry and fossil fuels consigned to history
Transformational indeed I have grown to hate that word. If Ireland or serenity were possibilities would they be doing this.? Too big a holding to sell - awful news. They are a disgrace
Totally agree - despicable bod and thanks to totally undemocratic nominee rules it seems we can do nothing about it save for voting against resolutions as they come up
Should be trying to sell the company - nothing more
I think the rules need changing. If you have your shares in HL etc they become the nominated holder. I obtained HLs certification that I owned the shares that I used to vote but as HL were nominated holders they did not count - law needs to change
I agree - W.Africa is totally dubious for a small oil company - would be totally out of their depth - can just imagine the off the scale promises - many years of further wasted money and at the end nothing - that is unless they ally themselves with a much bigger company
I have backed Paul with my 10m shares but not sure whether he has another avenue of attack
Held for well over ten years - sold half - don’t believe things will ever change - just hoping someone will buy us out before they squander the wressle money - last message from me but this board are over paid and incompetent
Interesting, thank you for posting this.
Still daily sells but no movement in SP (he says tempting fate!) - as before must be buyer in the background - in my amateurish view
Yes I wrote a short note to them - no response - WH normally does respond but as you say in view of SH's trying to get him out I guess he is staying quiet - really don't want them taking on another project - there have been promises made over many years and none delivered on
Will never forgive them for issuing confetti shares just as the SP reached approx 3p. Should have bidded their time, cut cost and when the wressle money had built up bought into something smaller. But they only had small shareholdings, big salaries and wanted to pretend they were on the Dallas set. Can just imagine the lunches they had with i3e
I have written to the company in similar terms - this presentation was pretty much the same as all their other presentations. let's return income from wressle to shareholders - that and a take over are the only viable way forward - we would get to at least 2p but of course the greedy little s:::s would have to do without their massive salaries which they justify by paying for remuneration surveys rather then performance of company through SP and its size and growth prospects.
I am loyal by nature but I have truly never come across a group like this
One of several mistakes I have made on aim that have cost me a small fortune
Thing I don’t get is why at events like the one upcoming the directors are not held to account over the SP, temperate etc and instead can trot out expensively put together slides and Del Boy projects whilst they dine out and enrich themselves. I guess success for our directors is eating at 2 Michelin starred restaurants instead of slumming it at one star eateries
That is exactly right. It is not in any of our interests to be voting directors off the board and to be seeing the current mayhem - they should have taken hold of the issues last year and been open and perhaps humble over the rights issue etc with a clear plan to deliver shareholder value going forward. Instead endless meetings and reports all signalling successful progress as the so plunged and their resources dwindle. Still so much for this company to go at … just hope we can get EGM up and running and even if we don’t win it should at least enforce an open and honest discussion of our issues and if we win we will have two competent directs who will do their best to deliver for the company with hopefully our chairman staying on
Good luck all we need - saw so dropped below 1pm this am - can you believe it?