Member Info for JTDOLAN

We must remember Clayton, Dubilier & Rice LLC, they bought a hefty amount of shares and have a fairly decent track record.

Here are some facts which went under the radar but are revolutionary and backs up my speculation (article below). 'Under the new rules, existing commercial properties, including newly vacant shops, can be converted into residential housing more easily, in a move to kick start the construction industry and speed up rebuilding'. Many commercial building will get renovated and converted into residential properties. To add 'builders will no longer need a normal planning application to demolish and rebuild vacant and redundant residential and commercial buildings if they are rebuilt as homes'. Again, food for thought and If this get into the low 30s I will top up. Sometimes you have to follow the Smart (sinister) money.

https://www.constructionenquirer.com/2020/06/30/boris-clears-planning-red-tape-on-change-of-use-to-housing/

I bought this morning, a small position. Why? I noticed that a subsidiary of Soros Fund Management bought 5% a few weeks ago. I was scratching my head, why, particularly in times like this. Of course because of SP growth, London exposure, cheap pound, and other obvious reasons such as their impressive net cash position. However, purely speculating, Soros bought for a bigger reason, London's Letting and residential market is going to keep growing. How? As people work more from home, it's possible that many commercial buildings will not be used and will be demolished, or renovated into Flats. This whole ordeal is about control, more people in cities = easier to control. Not only that, after the last property crash, very wealthy foreign buyers gobbled up London Properties. One more thing is that some wealthy people may want to move to the country and could very well rent out their London properties. Food for thought.

https://www.linkedin.com/in/joshua-rowe-33195011/

I reduced my holding last week only because I needed cash, this is a long term hold. Come back in a few years time when oil is trading at $100 a barrel. 3p will simply be a memory. all imho

It's interesting comparing both Bango's & Boku's results. BGO seems more likely to excel (50% growth rate) due to their data business. Identity is proving to be a dog. I think tho that DCB is a bad business to be in, no money to be made. All in JT's opinion.

Fair point LS but please do remember that a lot has changed since January for UOG. They are now producing! Let's see, I believe in Larkers, you need to believe too (until next week and we will truly see if he is a lying twot or not)

Hey Pensioner, are you still holding? What are your thoughts on the update? Are you a happy holder?

40p, terrible offer for Clearstar imho. Sell now and get 38p now instead of hanging about for months to get the 40p tender offer.

I recently corresponded with a broker and asked him why the sp is so low and he literally said because of Sentiment. All oil and gas companies are trading at a discount to their NAV. Besides Sentiment, this should be good to go. Unless Larkers doesn't have the luck of the Irish or that 'TRANSFORMATIONAL' pot of gold. Let's hope he is the man for the job and not full of porky pies

'3000bp per month', I meant per day hahaha. Anyways let's wait and see!

Tbh, I see this being a good update. Money coming from crown ($2.85m this year) and a further $1M once Hibiscus have Crown in production. Bp Hedge 6600bls per month at $60 and of course, same old 'transformational' stuff such as 3000bp per month. They are now producing and making revenue so compared to where they are last year then this is positive. But, it's all about sentiment, full value (broker targets) may not be realised in these markets. I'm not worried at all, but of course, dyor

I think Pensioner is the man to consult with and his post was bang on. Odey may be the keenest seller of the lost. We must remember that the cash balance of £4.18m was because of the sale to NHN. Is DCB cash generative, I'm not sure.