Member Info for Krustysmegma

Thanks Tony13579, need to do more reading. Might have to trade my Solo shares to buy here so I continue to have exposure to HH ahead of any big announcements.

brotherant thanks, I hadn't picked that up. Makes no sense to me, nor the 10% rise in Solo sp today. I need +300% to break even, that won't happen if Solo sells the goose before it lays the golden eggs.

I'm not a UKOG holder but I do hold Solo. I'm interested to find out why people think that Solo will be selling UKOG shares, esp at this depressed price. I continue to hold Solo as their Board has convinced me that the sale & re-purchase of UKOG shares is better for shareholders in the long run. This won't be the case if Solo sells (some or all of) its UKOG stake too soon & misses a possible bonanza. What am I missing?

dividendchaser yes I see that, but I don't think TW is a short-term share. I invested for a steady dividend payment in several years to come. This correction has been overdue and, for me, it's a healthy thing for the company and the market if it prevents the kind of bubble that exploded with devastating results in 2008. A bit of blood-letting now should mean a return to steady growth in the future. As I mentioned elsewhere, my investment history is littered with disasters (CTT, HAWK, TRP, VOG, PXS, FDI off the top of my head...) so please don't take any of this as a recommendation.

Fair enough, but they've got this year's dividends to look forward to, and the prospect of future year's returns too. They might be down for now, but they won't have made a loss if they hold & the price recovers. I'm one of the Jo's looking at MARCUS, but the majority of my portfolio will remain in shares that are paying above-average dividends and have realistic prospects of capital growth. Good luck with your investments, cash or shares.

Indeed we do. I originally bought in at 16 1/4 & within a week the share was down to 4.4p. That weekend, Pete Redfern had meetings with all the major creditors (I think there were about 80?) & managed to keep them on board. The next few years were extremely difficult for the CEO, the company & shareholders, but for those of us who stuck with it (& took up their entitlement at 25p) it's been worth it. I understand where you are coming from, & people looking at this as a short-term investment are showing an overall loss even if you factor in the dividend. But I topped up at 180 & I've just added more at 159.7. If it gets to 140 (& it may...) I'll add more, because the company has transformed itself with no debt, a significant landbank, affordable dividend plan and a government that will need to see real growth in housebuilding or risk losing the next election. A lot of my other investment decisions would suggest I haven't got a clue what I'm talking about, so please don't take this as any kind of advice.

That's a joke right?? £10,000 invested here would generate nearly £1,500 in dividends over the next 12 months. You'd be lucky to generate £150 in a bank account. Don't forget people buy shares for income as well as capital growth. Steady as she goes Pete, keep up the good work mate.

"...to be reported in the first half of 2019" will not help in the short term. Would be a useful top-up opportunity if I wasn't up to the goolies in these already. Anyway, what's another 9 months after 7 1/2 years, as long as it comes good for investors and patients in the end?

Still don't understand why the bank was prepared to support them when the oil price was $30 but not now it's $70

So we can either vote for Rick & Chuck, in which case we get nothing. Or Claesson/Damne, in which case we get nothing but Claesson might be able to improve his personal position. Not much of a choice is it? Anyone see how there could be any hope here for PI's? This is in my ISA so can't even claim the CGT to offset against profits.

In at the start with this one, battery technology could hold the key to exploiting renewable energy long-term. If you believe, as I do, that every UK household will be storing energy in batteries in 10 years time, this could be the place to be. Nuclear? Waste of money, redundant within 5-10 years & the solution this government has bought hasn't even been proven at scale yet. Will look to add as this develops. Krusty

6th November 2008, almost 10 years ago! I remember a week later the shares dropped to 4.4p & it took years until I was in profit. 230-250p would be fantastic, & given the dividend programme they've outlined in today's RNS it's not out of the question by any means. GL. Krusty

Not sure what's difficult to understand. I bought my first TW shares when the price was 16 1/4 pence, took the rights issue at 25p & having bought & sold over the years I now have several thousand shares that have cost me nothing. As you can imagine, I'm a big fan of PR & hope he stays on until retirement, at which point they make him Chairman!

I'm a long-term holder (first buy at 16 1/4) with several 000 free-carried shares, in case anyone thinks this post is deramping. This feels a bit like Pete saying "I've turned the company round, I've sorted out the pension deficit, I've increased the dividend payment & set out the strategy for the next 5 years. My job here is done, I'm off to my next challenge." Obviously hope I'm wrong, but interested to hear if anyone else was thinking the same as they were reading this (excellent) RNS. I'm not sure what his share option situation is, but he must have been picking some up pretty cheaply recently I would have thought?

Hope he checked out @ �1.95

Yea think I'm sticking with it for now, the placing price might have set a floor on this @ �1.95 & that's close to my average. Might set a stop loss just in case, don't like doing that to be honest but under the circumstances may be the best way to go.

Just to add, the average price paid was c. �1.95, hence the fallback from last night's close. I still think it's good news longer term, KKR's 25% interest is now halved & more shares are in the hands of various II's. On a personal note, it has wiped out my profit so, to quote The Clash, "Should I stay or should I go?"

Yes, thanks Compass, I've re-read the RNS now. Looks like KKR are selling about 50% of their holding (c.12% of the company) to the highest bidders, & the price has dropped to reflect this amount coming into open circulation. Should be a positive thing going forward, but for now it's going to depress the price.

Anybody know wtf is going on here? Have the number of shares in issue increased or have KKR put some of their shares up for sale?

Good posts guys, interesting observations. This is a share I'm well & truly stuck in, so by necessity I'm in for the long term. Hoping for more of the large, sparkly recoveries to help this get back to where I'd hoped it would be by now. I know there are a few LTH's who post on here occasionally in a similar predicament who will be hoping for the same.