The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Tell me this characteristic of a cult doesn't fit like a glove. completely unable to look at anything through an objective lense....like lemmings jumping off a cliff.
"Questioning, doubt, and dissent are discouraged or even punished."
Haha, funny. i've worked for the top 'supplier/sub-contractor' to the o&g sector ktf, i know exactly what i'm talking about. we had to deal with these issues with other / independent partners in the supply chain all the time. they're not on route as you put it, the photos were of the parts sitting in two warehouses hundreds/thousands of miles away. ironic given your 'name' here that you seen completely unable to ever actually post any facts!
Not really KTF. Just the same as usual, asking a genuine question on here and as usual it's like shouting out into the abyss, there's sfa coming back of any value, or even challenge. it's not me who's desperate.
Has anyone asked the company if the reason for these incredible as unexplained delays in the productio of the critical Phase 1 LNG kit in both Spain and the US relate to the company's inability to settle stage payments? Looks to me like funding from CalVal and the farming out of the asset in return for cash is linked to the Phase 1 delays. Something the company has never explained clearly and would put SOU in an incredibly weak negotiating position. Another own goal to me..... Ask GL to confirm!
You keep falling for the same old slight of hand from GL. he keeps talking about the company this and the company that. what you as SH should be asking yourself and indeed him (although no way he'll answer your question) is what about me as an existing SH? The fact is there is so much existing dulition still to come from warrants, CB converstion etc, added to no doubt further dilution ahead. A c.30% dilution of equity or asset would bring a sp target down from 4.5p to 3p alone. That's merely a reflection of ownership of future cashlows / net profit to each share based on an assumed / baseline performance, and makes no judgement on the performance of the company (which let's be honest is abismal).
Table, you don't seem to grasp the basics, despite seemingly having been a SH in this basketcase for years. Everytime GL and team dilute equity or assets, the forecast sp targets are slashed. As I stated before, my view is even if a finance deal is ever agreed, once the details are published around interest rates etc, the revised sp angel target will be 2p or lower. I can not recall an in-house (paid by SOU, how impartial re they.....?) broker target that was reached or exceeded. Perhaps you do....?
KTF, do you not realise what a moron you make of yourself, pretty much everytime you post?
You find the posts of a person who has called this sp move and company right as 'irritating'? you're the one that posts like a child. i don't like what they post as it's not what i want to hear, so i'll think of them as irritating. What a spanner.
KTF, you have posted 3436 posts, all on a single company. Non of them are objective, all of them are unjustifiably bullish, and ALL of them have been proven to have been utter carp. Just look at the sp. Since you started posting the share price has lost over 99% of it's value and on Friday closed at the second lowest level EVER. Only beaten to that carpy accolade by a slightly lower close on 8th Sep 2023. Perhaps you should listen and learn rather than behave and post like a petulant moron with less than zero humility and sub-zero investment acccolade.
Crude, it matters not who I am. For all it matters I could be GL himself, or Sarah having a laugh with you all. It does make a jot of difference. The fact no one can challenge the points being made is all I need to know. You’re all focussed on the wrong thing, honestly wgaf. Either someone is posting garbage (e.g. ktf’s 3500 bullish posts over 5-6yrs whilst the sp has done nothing but utterly collapse), or they’re talking sense, even if it’s hard to admit. It’s gold to me. Anyway I’m done for tonight. Give JP a fist pump for me.
That’s not at all what I’m saying ktf. It’s like talking to a 1yr old. If you can’t grasp what I posted just head on back to whatever investment planet you’re on and stick your head back in the sand.
What I’m saying is there’s a fking shed load of as yet unrecognised direct or indirect dilution in the sp angel valuation, can’t you see that? They have all the upside and as yet not all the costs or downsides discounted in the 4.6p.
Honestly, it’s like conversing with a mouldy turd. Let’s wait and see where they stand on their next re-valuation. It might be you’re right for once, but you won’t be if get my drift….
You should definitely keep telling yourself that version Crude.
Meanwhile, you, just like ktf and various others, completely ignored my point. You lot just getting personal or asking why i'm posting rather than challenging the substance of what I post (which is what I thought these forums were here for!) does nothing buy reinforce the points i'm making. Put up or shut up.
Crudehope....."i got pragmatic about the whole thing....."
Are you for real, everyone knows you got the nod from JP. Pump and dump classic, and then you announced you were out around 90p from memory and mortgage paid off. It helps to have friends with connections hey Crude?
Why i'm here or anyone else is none of your business, nor anyone else's. Why don't you push back on the points I actually make (oh, you can't....) or have you just got a little flacid and lazy since the good ole days holding JP's todger whilst he rallies the troops ahead of your exit?
Turnoff - you honestly couldn't be further from the truth, lol.....
i didn't want to overly confuse you and complicate things ktf, but the use of debt, borrowings in any form is just other way of diluting down existing sh as it merely reduces future discounted cashflows attributable to existing shs, so there's another way that this ****show is merely openly (or in gl's way, less openly, to catch the niaive investors out) dilluting away existing shs. soon most will be grateful for 1p. there's no chance sp angel don't revise their target down to sub-2p (from current 4.6p) once any financing deals are published, if they ever are.......
It couldn't be of less interest to me what you think or do ktf.
fact is you have consistently been wrong, misunderstood and misinterpreted the situation here for years, and now have 3500 posts proving the true value of your opinion and view. I think you are financially illterate, and just don't understand some of the basics, such as the gulf between the company doing well or not over the medium term and an existing SH doing well or bad over the same timeframe. They are completely different, particularly given GL's MO of dilluting down equity and assets to the extent he is. There will be another large refinancing in the coming 8 weeks, the company have very clearly warned of this, for those that can bring themself to read the English that is stated in company statements. Another dillution to keep the team in salaries/bonuses, stretch this zombie company out just a little longer
For me and many many others, GL displays exactly the same traits as JP. it's easy when the wind is behind your back, but there's a bunker mentality and a refusal to repond to very reasonable investor/potential investor queries when he doesn't think it wants to explain the shotshow he's presided over. who cares if i posted when jp was around or not, i'm don't need to try to validate myself from behind a keyboard, unlike yourself. Anyway, fact is ktf, you've proven to have called this completely wrong. I am convinvced on the basis of facts that are open to any investor that this company is in massive trouble
‘KTF. Every time you post something moronic like that I’ve challenged you to state what exactly about my post is “b0llox” as you so eloquently put it.
All the below are facts. Anyone that doubts them just look at company RNSs or SP Angel notes, don’t listen to some bitter poster who has woefully got this company wrong as demonstrated by their own 3500 posts on a single company!!!!
No interest rate in bank loan RNS
SP Angel (company paid research firm) stated they can’t value the shares without that data point, obviously!!
Company has missed two critical funding related deadlines (fact), and on neither occasion did they bother to inform or update SHs, fact.
Ktf, which of the above is bx then you utter moron???