Member Info for jollyspeculator

so value gap increasing ..well done for 7dig selling down a portion, but still expensive imv given limited visibility on profitability at either BOOM or underlying business

I didn't answer your question...perhaps is the useless answer ,,,esp for redt

You ask the critical question: management ...my background is private equity, as is my friend's... he built up his capital from scratch..leaving a v well paid cushy job @24.. and made some inspired /almost riskless (in hindsight lol) investments... and now manages his own fortune; v impressive..(and modest) ...the key different in PE is that management is accountable; this dumb money investing is frustrating cos management gets away with barely credible excesses of incompetence and greed, and we investors can do nothing except sell and move on (or, better still, short or avoid) ...I am happy to build stakes in my fav family companies (eg rbn, dwht/a and tfw)...just don't see them as explosively undervalued as these three

seemed the likely fate...given the impressive bounce and uncertainty around oil prices

I have asked one of the most successful UK investors of my generation (no kidding) about this, redt and gbo...will aim (excuse the pun) to post his views (edited highlights) early/mid Nov ...I want to buy bigger (perhaps much bigger) in all three (slimming down my pf to concentrate on the few good small caps is the plan)...but need a trusted 2nd opinion before I have £50k+ exposures

Cambria also announces it has sold the Leopard Rock Hotel, including its external debt of US$ 0.2 million, for cash consideration of US$ 2.5m, marking the end of a significant cash-drain on the Company

in all likelihood...but may not be lol ...gl with yr trading

for oodles of delicious jam tomorrow ...if they gets this right, this will rerate like 1999..whoooooooooooooooooooooooooooooosh ...if

in their name...that first letter might be a b?..no that doesn't work ...ah

we can each to ourselves here...companionable..like my park bench ...Jolly serene on an e-parkbench, waiting for Godot

now

to buying...let's have a tick up on bid to encourage those sells lol

admin pls delete previous post...I did not see FT T&C

......."High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/0a25ecf4-5937-11e4-9546-00144feab7de.html#ixzz3GyF11AVw In a deepening slump, the service companies providing services such as drilling and hydraulic fracturing are likely to come off worst, according to Steve Wood of Moody’s, the rating agency. “Exploration and production companies have a product that people will still want to buy,” he says. US oil chart “But service companies are dependent on the E & P’s capital spending, which can be cut back.” Service companies would be hit both by lower activity, and by the greater leverage that their customers will have to bargain their charges down. ".....

but Jon Holmes buying another 117k shares encouraging... ..perhaps investco will sell down again into this volume/renewed interest? But at least they have sold down a fair few already lol

bought more @8p...following the money

into nearly free carry ...with oil prices under threat, this looks much less attractive now ...I'll sell out completely c 21p

seems so..perhaps recap/v heavy dilution

if nothing else 1.60/62? ...not convinced that we will see sub 1p...might be terrific bargain down there ...already close to tnw, and not sure trading update was so awful ...lots of non cash or one off costs...and the new focus on cash generation is late but welcome ...(maybe I am being too Jolly)

who bought and sold within ten mins this am and lost £60-70??????????????????????????????????? why did you do this thing?