Apologies first as it's about one of the directors rather than Angus...
Yesterday Paul Forrest (through one of his companies) invested into a company that I'm heavily invested in. The weird thing is the company is not in the mining industry at all.
So I just wanted to get a general feel for how people perceive him over here as I don't know what to expect from the purchase...is he looking at a take over? Or will he invest into the market the company is in?
Any feedback would be appreciated.
Here is our man:
https://www.linkedin.com/in/paul-forrest-b94b5298/
I think it's the same party that's been selling for the last few months but they should be almost out now......
Just find it very weird that a company that invest effectively in gas/oil is interested here! Maybe diversifying into hydroponics or some kind of take over....what ever it is at least it brings a bit of excitement to this share, as it's been dead for a while.
This is weird....Forum Energy Services description on company house: Support activities for petroleum and natural gas extraction
Paul Forest is the only Director and he is also a director of Angus Energy that is a listed company....
So here we are....£125k raised at 0.1....
Good in the fact that it means we aren't going under in the next..........months.
Bad in the fact that it has diluted us.....but even worse as it's being used basically to keep the company afloat. I will be back on their case on Monday with some demand on a business plan as to how they are going to be using the funds to actually create some value for shareholders rather than just paying themselves for another few months....
Watch's this space....if it wasn't for me having a few drink behind me that email would have gone of today. But at present the profanity that would be going across would probably be a bit to much...being professional and all that.
Thanks, but it seems people are selling into the gains of yesterday. Still sitting on my now 21m shares....waiting to hear on what's going on with the Hydroponics.
This share doesn't seem to be much liked by the market and the spread doesn't help (although at present not to bad). I think it will need some news on the hydroponics to get it moving in the right direction.
I wonder how much their property portfolio is worth - as in the ones they rent out. As then it should really be taken into consideration when P/E ratio's are worked out. Or am I sitting the pot miss?
O and how nice it will be if they bring us a nice little update on the hydroponics as well...
It seems like we do have some action today.....may it last a long time. I'm hoping we will get an update on the hydroponics soon as that is what will add real value here. And from the info on the 1st June I'm hoping that is not to far away....
A follow up from my previous messages and some confirmation.....
1. Burnside has been sold
2. Traf have been trying to negotiate a revised price on Leatherhead that reflects the current market but that seems to be difficult.
3 Orchard House is under offer and with solicitors
4. Traf is looking at several opportunities but conscious of making any offers due to the market.
Otherwise the position remains as given in our email of 1 June.
Nothing specific on the Hydroponics but the email on the 1 June did say: Unfortunately, for reasons of confidentiality, it is not possible to make any comment at the moment, however it is expected that an announcement of interest to all shareholders will be made shortly.
So maybe we will get a surprise on that side of the business soon....
I'm not sure about this one as on the Half Year report it stated that it was up for offer but they were awaiting for the buyer to sell their property. But it actually shows that Orchard House sold back in 2019.....
But it is back on the market at present, but not sure if it is Trafalgar selling it.....
https://www.rightmove.co.uk/properties/136031246#/?channel=RES_BUY
Found this on their website this morning....photo's are from 2 days ago...
http://www.trafalgarproperty.group/tnh/speldhurst_barden.html
I'm afraid to say, but nothing!!!
I send another email off on Friday morning. Email below:
Morning ........
It has almost been another month since my last enquiry. We need a business update here and soon. Shareholders value has halved in the last 6 months and the company at present is valued at around £300k.
I think we as shareholders have been very patient and in being patient, supportive. However the last business update was on the 21st of November.
We want to know what’s going in regards to:
• Hydroponics facility. Research and development. Has there been any developments since purchasing the R/D facility?
• The development in Leatherhead Surrey. Last we were told that planning permission was given….Has the land been purchased and are we going on to build the development?
• Has Flat 2 at Burnside been sold as it was under offer at the time
• Did the purchase for Orchard House for £1,050,000 gone through as we were waiting on the buyer to sell their property?
• Any other new business development.
If you can share this with the group CEO it would be appreciated.