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Like other EuroLoons, you are set to transmit only. You obviously have not looked at the 30 points that have been served up to you, because you will not consider anything that challenges your simplistic, gbp v eur v usd mentality.
Every one of those 30 points is backed by a reference to either the eu, oecd, HMG, or reputable sources of information, like Reuters.
Never mind. Enjoy your diatribe.
Singhie
A wisdom chalice? Of course, how could I fail to realise a metaphor for something that isn’t a thing.
You asked for Brexit benefits. I pointed you towards 30 of them, for which you have no answers.
Here’s another. The UK has overtaken France as the 8th largest manufacturer in the world, despite Brexit.
Tomohawk101
“ How much lower can this donkey of a share go?”
I don’t know. People are selling. People are buying. News will come at some point.
“ Hiding nothing here sitting on big loses something needs to come good with Angus and soon.”
I am sitting on big losses too, but the risk reward ratio is too low for me to want to sell now.
I don’t need it to come good soon. Plenty of scope for a revival over winter.
Other views apply.
Ok.
“ Had a lot of hope with this company a few years back.”
Me too.
“We now have gas flowing, potential earnings are great and yet SP is a pile of dog woopie.”
I agree.
“Lost faith.”
Faith has generally been lessened, with some, reduced to zero, although if you have completely lost faith, I think you would have sold.
“I remember when an RNS would excite me in anticipation of an SP rise.”
Me too.
“ Now it’s dread because I question how much more dilution will happen and low will the days so drop.”
I think we are down to the diehards now. I can see no point in selling while the trolls are still working here. A strong gas price, a refinance at acceptable rates and a Balcombe decision will definitely increase the sp.
“Like with every company, only top boss flourish.”
I disagree. I have made a lot of money on several stocks.
“My shares get diluted which mean my value drops and this is because of false promises and the inability to manage the companies finance.”
Stuff happens. Sometimes bad luck, sometimes mistakes, sometimes bad management and sometimes effing crooks. I’ve had my share of them!
“If any body has any glimmer of hope going forward (that has some factual standing and not opinion) I would very much like to hear it.”
Rising gas price. Renegotiation of debt. Favourable Balcome decision.
“2.8p seems a massive distant memory.”
It’s achievable.
“Pile of s&@te”
You are welcome to your opinion.
Is that any better?
Singhie
“ the LOAN REFINANCING IS THE ONLY REAL CHALICE AROUND THE NECK OF THE BUSINESS AND IS A CAUSE FOR CONSTERNATION”
I realise that English is not your first language, so with respect, I would like to tell you that a chalice is an archaic name for a vessel that holds liquid. Like a goblet.
Singhie, aka EuroLoon.
“ I await your you updates regarding any Brexit success which are to rejuvenate the economy and inspire the currency markets to show faith in the GB£”.
Here you go. This should be worth a 10,000 word reply.
https://x.com/terraorbust/status/1712078863432302839?s=61&t=kysJELnhBvhfjx58VYiz8g
HITS
“ It's the plan that's now having to be actioned to pay off the c £7m owed on the 2nd junior loan in January.”
You are entitled to your own opinions, but NOT your own facts.
Balancedviewer
“ K3, a paid troll conveniently ignores a plan B," head in the sand" should be an obvious clue to all.”
Totally agree with you. Sometimes I think it’s a good idea to post contradiction, as well as thinking it.
HITS
“ Why is ANGS setting things up to repay the 2nd £6m (c £7m inc interest and charges) junior loan in shares?”
ANGS needs the comfort of an alternative strategy, should terms for refinancing be to onerous.
“This was one of the core items that it was seeking the alleged new global refinancing package to cover off?”
Correct.
“ Why the u-turn in strategy?”
There is no u-turn. There is a contingency plan.
I’m surprised you need to have that spelled out for you.
Singhie
“ Perhaps there has been a falling out of the top brass”.
Yeah, that was far enough for me.
Singhie, you just make stuff up so you can fill your word quota.
It would be total lunacy to conduct financing negotiations without having an alternative.
The backstop of diluting existing shareholders is NOT a prospect that anyone relishes, but NOT having that capacity is stupid.
Refinance. Sell gas at winter prices. Pay down debt.
Simples.
Another trend which favours Watkins is selling down of inventory by private landlords, forcing students into the more expensive campus accommodation. Selling due to increased mortgages, removal of mortgage interest relief against income, increased legislation and fears of rent controls and reduced landlords’ rights by an incoming socialist government.
I had 50 rooms last year, 15 rooms now.
Crawshaw, I’m not sure what you meant by “liabilities “, but from the July update, this.
“ In line with recent announcements from other developers, we expect to increase our exceptional provision for remedial works for legacy properties by an additional £30m to £35m. This represents our current best estimate, primarily reflecting our intention to sign the Government's Responsible Actors Scheme, and our obligation to reimburse funds under the scheme, as well as an update to cost estimates on remedial works for properties provided for in FY22. The cash cost of this is expected to be spread over the next five years. We are reviewing details of the Welsh Developers Pact and await further information on the scope of the Scottish Safer Buildings Accord to understand any implications for the Group.”
The latest update repeats that.
It doesn’t change my opinion of WJG as a promising recovery play.
“ 19 July 2023, Alan Giddins, Non-Executive Chair, bought 416,000 ordinary shares in the Company at a price of 46.65 pence per share.”
So, AD’s £195k buy is £50k down.
Four analysts covering, with three buy and one hold recommendations. Target price 102p.
A very good recovery play, imho.
Results look very reasonable, given prevailing market conditions. Costs reducing, gross and net cash increasing and rents definitely increasing. My btl properties grossing 20-25% year on year.
I see a very strong recovery in 2024.