Member Info for legache

"reap the rewards in 2025." Great! More jam tomorrow!

Jeez!

The market doesn't like the impairment costs incoming in YE accounts. I cannot see any other reason for this fall...

Thanks, Marine. Don't get me wrong, I am the trustee of a couple of charities and I do my bit, but I had children rather late in life [if you call 43 late], meaning that I can spend time with them. Something i never got from my father who was addicted to his work [he was and still is the most wonderful of parents btw].

Yeah, but hes 70 this year. I'm 20 years younger and already retired because, in part, these jobs are for young men.

Anyway, by the time his "plan" comes to fruition, he may well be pushing up daisies.

Obvious we are not paying him enough...

Seriously, i think from his POV, given his age, the way he gets out of JSE with a lot of cash is through a sale. I cannot recall the terms, but if he were to sell, there is some serious benefit for him personally built in.

Indeed, but you now hopefully see the silliness of making sure assurances!

Possibly your contact meant, "based on our current capitalisation".... not wanting to second guess.... But one would expect the price to be closer to be closer to the 75% test before the sale.

Such an assurance cannot made. The cap may rise before the point of execution.... if the share price rises to say 8p. that would be 16 million GBP. Hence, the 75% test would not be met.

Is this how these things work? (No idea really)

SD is over the line yet... that's the possible reason, when it is, all bets could be off.

However, could the price be lower and thus not need approval? Goal posts have changed since that announcement.

In this situation, I would want to see more detail on value creation before suggesting a special divi... i'd rather they kept the money and made more than gave t back, but if it's all going to frittered away on little drills in Morrocco and lunches for the executive team, then yes, special divi could be the way to go.

Does anyone else think that across all corporate and technical releases, including all the recent RNS's there is a distinct lack of detail... very frustrating trying to make decisions when this is now my largest holding...

I would say it should be more than 11 million but obviously will depend.... operated vs nonoperated assets are priced differently. Also, what about the receivables in the country, could be another 5-8 million plus of these.

Amazing all this still going on and Nick Train still loses millions per annum!

Would have expected some sort of move on that news. Strange back at 4p!

Good to see they are being approachable, but a courtesy response from IR would have been nice.

Anyway,

This looks like a sell and its not chump change.

08-Jan-24 15:21:05 3.95 900,000 Unknown* 3.90 4.10 35.55k

I never got a reply from IR either. If i had a declarable amount i suspect it may be different.

Seller still here. That little spike got heavily sold into...

A couple of modest buys this morning. Then another two 175k sells. Seller still here and has ammo ...

I voted against the previous 11p deal. I now admit i was wrong to do so.

However, I would also vote against a 7p deal.

Wish this seller would just do one. Months of small sells nail the share price down. Boring.