Member Info for loserdave

The RNS on Ipsa suggests to me that the conspiracy theorists on here may well be right.

Didn't get your private message as I'm not a premium member (I'm too cheap to pay the £6 monthly fee). You can email me on neilmeechem@outlook.com. Is anyone else here also in IPSA? I posted on the IPSA bb last week but no-one responded. It would seem to me that, should shareholders be contemplating any action, and I don't think that action need be limited just to one avenue, then it would potentially make sense to also include IPSA. My experience of SFO is that they don't get involved until well after the event and take forever to get moving.

I agree with your proposed strategy. I have 970k shares and am happy to join the group.

this bb is very quiet. Has everyone written off their investment here? I have a small holding here but a much larger one in RUR. Looking at PE's history and directorships, is it possible that he is looking to shaft the shareholders of both companies. I may be naïve, but I just can't see it

what figures? Last 3 trades were mine. Only 4k. Unlikely to scare MMs. Limited share availability is what is moving prices.

managed to buy a few but not much liquidity here

don't know how you managed to top up. I have been trying this morning but can't get anything above 1k. can sell only 3k. Also no trades showing. I know this isn't always reliable but I think MMs might be anticipating a little move perhaps

Agree with your macro take and would add geo-political (Iran amongst others) and socio-political (Eurozone backlash. Can't see the French accepting any austerity when the time comes ). I would make it 70/30 in terms of likelihood. I don't see the alternative. US, UK and eventually Euro will be printing real money(as opposed to QE) by the end of 2013. Read somewhere,think it was OECD report, that no European country would be in top 10 of countries in terms of GDP by 2020. Difficult to know where to park cash so as to avoid inevitable devaluation. Only share I hold that might be worth a look is RUR. Market has just about fully discounted potential return from arbitration. Bit of a punt of course......

I think you are right about the cash position. I thought the 14m was post tender, but I was wrong. I will be watching SEA ever closer. Thanks. Have spent much of 2012 converting to cash ahead of euro meltdown, which must happen!?!?! I can't see a painless resolution, only a drawn out inevitability. I'm in the common AIMs oil suspects, BLVN, VOG, EOG, GBP, FRR, NTOG and RRL, all at about current levels and none above 10k. My largest holding, and biggest loss, is in TRP, where I'm down 30k with an average around 5.5p. Couldn't really recommend any of them and I regard them all as a bit of a punt on low entry levels. Like most private investors, I tend to sell a rise too soon and stick with a falling stock far too long. I have recently swapped a sass to a sips, seeing limited investment value in commercial property and will gradually move pf over to this, which means I will be taking a longer term 5-10year view going forward.

I agree with all you say and for me also the jury is still out on SEA management. Next 6 months will tell all. What I meant when I said I preferred SEA as my Barryroe play was that the downside risk is less, given the full value is not realised in the MC. Were the prospects in Barryroe to be downgraded for example, one might see the share price of LOGP half over night whereas SEA share price would still be supported by the c14m cash reserve and therefore is more insulated. PVR obviously is more than a one trick pony. My pf is already over-exposed to oilies and so SEA feels a safer bet. My guess though is that SEA will liquidate LOGP position before long. I say 6 months because I wouldn't want to see the cash burn continue as it is without any upside. Are you in SEA?

not sure how much can be read into the transactions as bargain conditions apply to most of the larger trades, I am surprised though that there are sellers at 30p when only a couple of months ago those same sellers could have accepted the 36p offer with no spread or fees. I still reckon that we may get some news before the year end on some LOGP deal.

Very kind. I 'm in none of those. I will research. Thank you

I'd be grateful for a few names to research if you didn't mind sharing

I take your point. I think I'm right in saying the book cost of the LOGP position is c£4m and so a sale would give rise to a CGT liability on c£14m. Of course that only arises upon a sale and I think we have trading losses to carry forward to offset. I'm no accountant, but I still feel pretty comfy in SEA. It is one of my larger positions and feels a safe way to play the LOGP potential. Strange though how the share price movements of SEA and LOGP don't correlate more obviously. If you have other positions with a cash or cash equivalent at anything approaching twice market cap please share

are you not ignoring the stake SEA hold in LOGP, which exceeds the market cap in value?

hardly large. 7.5k. And not sure it's a sell. There is so little trading in this share. It shouldn't go to 5p, given the cash position, but the market doesn't appear to like/trust this company

Yeap. No brainer, if you believe the accounts. Problem here is credibility. I've an average in the late teens and so, I suppose, I must have decided to give the BOD the benefit of the doubt

the 2.5m was in long term borrowings and the 2.2m takes it into account ( the 2.2m is nett of the 2.5m). Anyway, that's how I read it

Sorry, don't have any great insight. Posts earlier this month on this BB from sstarski, baz and stockraiser were interesting and might be worth a read. I have been here a while and like stocks, such aas this, where the asset value limits the downside risk

assuming it is one source accumulating, then we are due a notification. Still wonder if it's related to the Bertram resignation. Anyway, I think we are due some interesting news. Sale of some of LOGP stake? I'm only guessing.