Member Info for leas

caution.... congratulations if your still invested over there. Always nice to see a pi making money, especially those that invest money on the AIM

Thanks caution.... May be a blessing in disguise. Spoke to the administrators last week who have confirmed my holdings in investments and informed me that if AMER are sold before I have control over them then the final valuation will be 'ring fenced'
My average here is 12p so the worst case scenario is getting all of my money back.
I did intend going the course with AMER but any choice of when to sell at the moment is completely out of my hands. Maybe a cautionary tale for investors here, use a number of different brokers so you stay below the 80k threshold and perhaps consider using up a family member's allowance if the investments are larger and the tax benefits that could bring.
Have to say my incentive to research is no longer there as they remain in the hands of the administrators.
Ironically, my decision to switch from paper share certificates (in my name) to an online nominee platform was a result of a very well known saving expert website. Never had a problem in the last 30 years with the Pidgeon post method.
As crazy as it sounds, I never knew the dangers of buying shares in a nominee account and I urge other LSE members to consider the implications of that should a company go into admin. SVS XO had a very good reputation and reasonable fees, or so I was told.

I do not see ONGC dragging their feet as a major problem in coming to a sensible valuation for the CPO-5 field or a valuation for the whole company. The President of the Country has already made everyone in the oil business aware of the significance of the discovery. Not only that, seismic data will be available and the ramping up of the infrastructure indicates to any buyer that CPO-5 will be a very lucrative buy.
Not saying further proving up wouldn't be helpful but I don't buy into ONGC wanting to purposely delay progress in order to undermine valuation of our company. The BoD's have been historically bad at communication but they will have all the data available to them in order to demand a fair value. Many investors are also failing to mention other licences the company has, and although not tested will affect the price for the sum of all parts.

Broker returning shares to balance their 'order book' (uncrossing Trade) Has to be published but sometimes used as ' a tool' to give the impression of a falling share price. Often occurs with AMER at the opening, mid day and closing.

Aware of the potential’

Sadly, ONGC are a public owned company. I think any buyer will be fully aware of the field and any offer will be priced in accordingly.

Col D, completely agree with your thoughts. Sadly my investments here are still frozen and in the hands of the Administrators. (SVS collapse) so unable to trade should I want to. However, my investment here was all about staying the course knowing that any outcome would be at a premium to the price of the initial offer. We all have varying thoughts on valuation and those researched members on this bb know the potential of all the assets.
In relation to comments on no spudding activity I don't see it as a problem. CPO 5 will be valued accordingly whether ONGC drag their feet or not. You could argue that a setback in drilling may give any potential the upper hand, so for me and I suspect for the majority of LTH's its about sitting back and relaxing. Having said that, I do feel sorry for those LTH's that have not been in a position to average down but all in all the update today is a step forward.

John are you sure? The opposite applies when the sp was being ramped and members posting comments about the 'Pound Party' that was just around the corner. I think that the BoD's carry a certain amount of responsibility or the sp decline.

fusion as long as you do your research and understand the risk. I was buying HVO at a tad under 15p (mid trading day) about 18 months ago and was slicing at 89p a couple of months later. That said, I am a little disappointed here on the way the company communicates to its shareholders. Post Flu-v the acting CEO informed investors that a deal for P3 was close and a matter of a couple of weeks away and more recently the cancelled contracts that should have been RNS'd as soon as practicable as the information does have a bearing on revenue making it price sensitive to the market.
The cost cutting is welcome news if that does indeed lead to a profit next year and not forgetting the pipeline of life changing compounds in the company's pf.
Late 1980's I bought shares in a company called Electronic Boutique for about 0.2p as I saw a future in gaming. Was seen as a punt at the time, especially by the more mature investors who had no idea of the younger generation's lifestyle trends.
I eventually sold the lot when a company called Game took them out at just over 100p.
If there is positive news from HVO you will see the sp recover very quickly and probably reach a price in excess of last year's peak but it also needs the ii's to stay on board too. Good PR is essential here and Immutex needs to be a little more transparent in achieving this. At the moment they appear to be hindering their partner going forward.

dontpanic, the opposite applies of course. People could lose money listening to rampers! What is your average price here? Judging by your constant post's this morning you appear very desperate.

Have to agree statto, although when they were announced the sp did not budge. I suspect it would have reacted if they announced cancellations before today, especially on a drip drip basis. Looks like the 'cost saving' exercise has been forced upon them as the expected revenue did not materialise.
Looks like Immutex are calling the shots with Flu-v compound and makes you wonder why they appear to be dragging their feet. Do they see an opportunity to take an 100% control of the pipeline on the cheap?

https://www.msn.com/en-gb/news/world/outbreak-of-a-flu-like-illness-could-circulate-the-world-in-36-hours-and-kill-80million-people-warns-report-by-former-world-health-organization-chief/ar-AAHrzCc?ocid=spartanntp

Effective vaccine needed whoever gets it to market

Interims as expected. Drilling campaign all but suspended. ONGC continue to drag their feet in fear of 'value realisation'.
Imo, House Sold Subject to Contract' not bothering to do the much needed double glazing and gas central heating. The next few weeks will be the easy bit, boredom being the only obstacle private investors have to overcome.
One thing for sure, those that are left are very stubborn holders not willing to sell on the cheap.

Relative Strength Index..

I think with all those recent tender docs it is clear to me that ONGC know exactly what CPO-5 is going to deliver and they are putting the infrastructure in first before they ramp up any drilling campaign.
Frustrating for AMER but to be honest it is probably the correct strategy for the Indian State run company.
Any contracts or land purchases can be negotiated at a much lower cost rather than paying a premium price mid production.

cautionYB, I can assure you that your shares have been 'ring fenced' in the nominee account. If they have been sold then the company would be acting fraudulently which is a criminal matter. As long as your investment does not exceed 85k then you will be fine if the broker goes into administration. What I would advise anyone to do is make sure that any capital gain on your shares (paper profit) do not exceed the 85k and if there is a likelihood of that happening then offload some and buy them back through another broker.
In my case, I know they have not been sold as I have 3 accounts and have received 3 letters from the Administrators acknowledging my holdings.
There is a discussion forum on moneysaving expert/svs securities which is quite useful should you have any concerns. Irony being, when I decided which broker to use, that website was the main reason for choosing that company.

Stuckey shares are only part of my investments, properties being the greater proportion so pretty cool. In relation to AMER it may work to my advantage but if not then the minimum I walk away with is my original investment which is covered by the FCA.
My risk has been spread despite the frustration of not being able to sell any of my holding here. That said, I would not be looking to sell at this level even if I did have the option. The administrators have already confirmed my holdings and confirm that the shares will not form any part of loss recovery for the bond holders.

No worries Jux, covered up to 85k and shares held in my name and the current Mrs lea's name. Ideal scenario would be for the shares to be transferred to another broker. 30years of dealing via post and paper prior to last year and in my name (not nominee account) so perhaps that is something to consider when trading online too.
Im hoping that I can resume control of the shares post Ind -2 and more details of any offer(s) are disclosed.

Unfortunately my shares are locked up in Administration when SVS went under so irrespective of share price movements or news I am stuffed until the shares get transferred.
Maxed out on investment ISA so longer this takes the better for me. We may get updates on Ind-2 in that timeframe so feeling positive overall.

The AT's have been controlling the rise and fall of the share price for many many months. For those institutions adding or reducing. There is normally a 'flurry' of activity prior to close or when the spread is widening.

Just my opinion of course but I guess humans are not as efficient as 'bots'