Member Info for Krustysmegma

If there had been any interest, I'd like to have heard more than just the "process is ongoing" comment. Accepting they're limited in what they are able to say, and that news could drop at any time. Any sniff of interest would have prevented today's sell-off and even encouraged a bit of a recovery in my view. We'll see, interesting times for MEGP shareholders for sure.

Disappointing growth rate, no doubt about that. However, the "record profits" message seems to have been lost in the stampede for the exit. Plus increased laundry installations this year means greater turnover & profits next year, so really not all bad news. Undecided whether to add whilst the sp is this low though as apparently there hasn't been a rush of interest in buying us out.

# c. 58p to c. 64p.

Thanks for your continued input here Mike, truly appreciated. It's not all doom & gloom by any means. The SP has done well to recover from c.56p to c.64p and, as Sam has pointed out, the impact of reduced vessel valuations would have been much greater if we'd still had the sizeable fleet post-Grindrod takeover. I'm just not sure we're at the stage of the economic cycle where vessel valuations are likely to collapse completely. Still, this is how fortunes are made and lost, so even though I don't have enough invested here to make or lose a fortune I'm sticking around for the ride, for now at least. GLA. K

I can't tell you what the results of the strategic review will be (nobody can) but I'm not surprised it's happening. All the solar companies are struggling and have been for some time now. For me, it's disappointing that there hasn't been any M&A activity in the sector (I also hold NESF and FSFL) and I agree it's worrying if due diligence hasn't resulted in an offer. I don't think they would have announced a target dividend for the year of 9p if they weren't fairly confident they could deliver on that before any changes take place.

My experience with other companies is that these reviews (and consultations with major shareholders etc.) take a long time, so I expect to see 2.3p XD Thursday plus the 9p in the next 15 months. Others disagree, they may be right. In the mean time, I hope things will improve across the green energy sector as a whole so that the SP at least begins to come back to the NAV.

I hold other Funds and Trusts which are actively winding down to return money to shareholders, none of them are getting close to the NAV so I wouldn't support that option. The 'fairly quick' 20% gain is a myth in my view. So this is at the riskier end of my investments, which these days are mainly dividend-paying ETF's and other fairly boring dividend machines like TFIF, SMIF, MNG, CTY, MRCH etc. plus my free-running TW., BP & III.

Re tox not good, I think one of the things that has been lost in the SP misery since the ill-fated study was halted is that the toxicology is more or less proven to be fine now. We have established that the study had to be halted, and the reason has nothing to do with SDC-1801. We also know that the dosed group of animals suffered less serious effects than the control group. Given the study lasted c. 5 months before being stopped, it therefore follows that SDC-1801 has proven to have no toxicology risk as defined by the study at 5/6 duration. I have no concerns over the toxicology of the compound for that reason.

I seem to have said this so many times before on different sites, but I can never understand selling low. The ride down has already been brutal, hence we're 33% below NAV. I'm hoping we've seen the bottom this week and the (tentative) signs of recovery point to a brighter future. Appreciate others here see it differently, let's see how it plays out. This week's buys have brought my average below £1 (just...) so still a long way to go in that respect for me. GLA whatever your views, have a great weekend. K

Well the strategy for reducing the fleet appears to have been very clear and well implemented, the strategy for reducing costs pro-rata to the new fleet size much less so. I'm beginning to wonder if the best way forward would simply be to return money to shareholders & call it a day. The alternative seems to be bleeding to death via dividends and losses. Hope I'm wrong but second-guessing the Board's thoughts on this is getting more & more difficult. I bought shares in an ambitious shipping company and ended up owning part of a bank account.

Good luck with the Velar project bailiff, I quite fancy one myself. Plus, it would remind us of SAR because, by all accounts, they're bloody unreliable too.

Several of my investments (VSL, API, RMII) are in wind-down, none of them has come close to returning NAV to investors so far.

So they mention that our new NED is currently non-exec chair at RMII (where I am also invested) but fail to mention that the fund has been winding down for nearly two years. At least RM has got it's foot in the door I guess.

So here we go again with our favourite advisor, Alexa Capital. Didn't Gerard Reid, co-founder of Alexa Capital, refer to Alex O'Cinneide as the "Grand Master of Energy Storage" in one of his co-authored podcasts? And they say flattery gets you nowhere...

Fair enough, as I say probably a wrong call but I've always been inclined towards a contrarian view and done pretty well out of it so far.

Well I've added a few here. I think we'll see 11.3p in dividends over the next 15 months before they work out which way to take this forward, so I'll re-evaluate after that. Probably a wrong call but my gut instinct is to buy, so I've bought.

Isn't it good practice to change auditors now and then? To stop personal relationships developing etc. etc.?

Yes I'd expected some initial findings by now too shepster. The fact they haven't been able to report anything a week later means, to me anyway, they haven't found anything obvious. The worst outcome for me would be that they don't find any issues at all & keep us hanging like this. Let's hope for a clear and unambiguous statement in the next few days.

Best get my buy order in then greg lad.

7.38p total last year, 7.30p total this year. Down slightly but still very good. Not sure what the impact of lower interest rates will be going forward but they may not materialise anyway so holding/adding when possible for now.

PMSL!!!

Where do I sign Enki? lol

Nice to see a bit of gallows humour on an otherwise desperate day.