NTOG - If only I could do the same.17 Nov 2020 17:12
My first post here, and I am only here as LSE no longer allow non-members to view this chat board for free so for the inconvenience I thought I would just state my opinion on this wonderful company. And before anyone either pro or against NTOG and questions my knowledge, I spent 25 years working in corporate and investment banking in the city, US and Europe for some of the biggest banks and hedge funds in the world.
NTOG is a pile of excrement, it is a lifestyle company for the directors and board. ML is not JR or even Bobby Ewing for that matter, but he tries to live the lifestyle at our expense. I was invested in NTOG, in and out for a few years around five years ago and I was lucky to get out a few quid (+3%) up on my investments but this was a hard one to just break even. With this companies history, the 'assets' they own, the current price of oil, no more options on the oil price and the frequent placings when the electric meter needs topping up or when they’ve run out of milk for their coffees.
You your own research but also do your own math.