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VOG was a classic!
There is one big flaw with the 12.5% post in that it vastly understates the gains needed to recover losses over the last year. Either you buy and hold or you trade. I bought more in for the winter lets face it if an energy company cant make money then, maybe they are in the wrong business. I though a year ago it was worth it being in an the ISA in case it really flew. We all know where it has gone since and down another 8% today. Basically the price has halved in six months so anything less than a 100 % rise is still a loss
The last message from the company basically said the good times from the money side will be the winter. So really that caused many traders to sell up and move on for now. Gas demand is relatively low now and supply is easily keeping up with demand so I doubt there is going to be any upward pressure on the share price this side of the autumn.
Unrealised loss means they have to make that back with derivatives before they start to make a profit also with derivatives. Its a nice idea but one of the reasons the prices has failed to sustain any gains since they started to produce gas is the huge unanticipated dilution, the derivatives mistake and of course now the price of wholesale gas is dropping as we come out of the winter. Its probably become a Baron Oil type cyclical share. Time it right you make money, if not chasing to recover your investment.
The fact there was no rise on the last RNS suggests the latter. At some point there will probably need more money and more dilution. Its a pity as going into the winter it did seem a good investment with the anticipated news flow
Thats not true. All that happens is a price is guaranteed for anything up to NMS, buy or sell. So if you need the money you know you can get it at a price if the price is dropping, rather than hoping to find another person wanting to buy, imagine what that would be like in a plunging market. In a situation like this blame bad news management
Basically not enough people want to buy the shares. ON the back of the last RNS in hindsight you would expect the price to have been marched up before, then on the news it gets knocked back. This didnt happen this time. Not sure what they can do to add value for shareholders. Its been bad ever since they issued a huge chuck of new shares to their buddies just after the price surged, thus knocking it all back down again. The winter has gone , wholesale gas prices are now more sensible so really the unique reason they should have made a fortune is now gone. I doubt that there will be such an energy crisis next winter
What do you mean buy back. Surely they have to reduce their debt obligations first and actually become profitable?
For once I was not watching the market at the open. By the time I had seen it the exciting spike to suck in the unwary had happened and anyone buying in today is down 20%
The odd thing is there was no real rise towards this news and the volume today is pretty low so any biggish trades can be absorbed within normal volume trading. Its obviously not Angus's day to be ramped!
Why until next month. I would have expected more excitement with the second compressor coming online. I bought a chunk more expecting that As we move away from the winter the asset in the ground becomes less valuable and as with any AIM share the hype moves on
Regardless of any production trouble they are having, the key reason the share took a hit was the unannounced dilution after the last rise. In fact one suspects those in the know ramped the price up in anticipation of the hit coming, because without that rise , retail shareholders would have abandoned ship even more that they have. Thank goodness for the wider stock market being in bull run at the moment and my grown up shares are mostly doing stunningly well
Nothing EZJ specific. I have been in this since after Covid expecting a dramatic bounce back which at the time failed to happen, mostly caused by the Ukraine conflict and its knock on effect I think. Now at long last its a seriously profitable investment that I fully intend to maintain as a long term hold. Thats not to say I wont be trading a chunk of the holding!
Why do you think traders are piling in? As far as I can see there is plenty of supply even at the reduce price to service anyone buying in. I think there will be buying at these lower levels waiting for the inevitable bounce but as someone said before the share is not worth much more than 2p and that was before the latest dilution.
You cannot actually define what was a buy or a sell. By definition MMs have to trade the share up to NMS so they will try and sell them on at a profit and of course as always there is a buyer and a seller so which actually counts as a buy and which a sell. Trades right in the middle of the spread cant be identified by free data.
Anyway my holding is now bottom of the pile of my ISA shares. Should have sold out on the first good new spike when it went through 2p! Before the fundraising I was buying more and it was about breakeven. The relative stock market bull run is also having the effect of making the share performance appear worse than it actually is.
Still worth holding, but dreams of a mulitibagger are long gone!
I think on the back of the dilution a short while ago, already negative sentiment was given the catalyst of todays news. This is gas being produced in the UK. So to maximise its value it really needed to be coming out of the ground while we are in a cold snap otherwise as a minnow supplier, they will be forced to accept less , or even worse sign up to some supply hedge deal, which goes wrong!
Maybe an MM was accumulating at a certain price to service that. I see the price just pipped back up to todays highest price so far
Not really true. I already had a chunk so was pleasantly surprised at the gap up first thing. Bought more first thing and now its move up further. How are you doing with your position? Whats you post about 42p? Have you got your decimal point mixed up?
I hold three Lithium type shares because I think in the longer term batteries will need more and more of the stuff. Bought more this morning hoping its not a false dawn. As others have said .5p probably should be achievable. I hold Angus energy where they demonstrate how to dilute current shareholder value. I assume there is a chorology between the odds of a good return and the the dilution demanded by the investor? Ideally I want Atlantic and Zinnwald to rise in "sympathy"
The real issue with these small funded companies is that they can effectively insider trade with friends when fund raising. In theory they should have been able to fund their way through drilling and the hedge mistake from gas already being supplied. They instead chose to dilute everyones holdings by fundraising from another party. So while we are in a recent bull run on the stock market, Angus share price moves in the opposite direction
Until we actually know what they are getting for their gas then this is a bit of a finger in the air to see what fair valuation is.
Having signed up for these chatrooms I am not sure they give any benefit than in the II ones a decade ago when I was last an active investor!
Great to see this share finally start to lift off. I did think when it dropped back last week after the first surge and the RNS came out that it was buy the rumour sell the news. But it has since risen to new peaks Its possible someone is building a position . Really we need a hard figure of how much revenues are coming in. Part of the rise was possibly because wholesale gas prices were going through the roof so any Angus contribution would be at top dollar. As gas prices have dropped a fair bit there is possibly over reaction from the market.
As to the periodic spikes I wonder if this is to stop out those with CFD short positions with a stop loss in place, because each time the price drops further afterwards.
I have a big chunk of my pot in this but really the only people who know they will profit is the friends and family allowed to buy in a short while ago. Shares on the cheap, knocked the price right back but they were able to profit on the recent news.
I am not sure how that was not insider trading?