Member Info for lsetown

"before the later of January 2021"

That was before the new debt agreement with the banks.

Sorry BigBear I didn't realise you posted that!

The Myanmar withdrawal is probably to do with the politics there, but today they announced:

"TotalEnergies E&P USA, Inc., announces its decision not to sanction and so to withdraw from the North Platte deepwater project in the U.S. Gulf of Mexico.
The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio."

https://finance.yahoo.com/news/u-gulf-mexico-totalenergies-withdraws-083600081.html

Thanks will take a look.

(I also like FUL, SCS, TRP, AGFX, SHOE and SDRY)

LOL. I turned 50 recently and got fed up with managed funds etc. that I had in my SIPP.

I got brave am now in 6 things only. My broker emailed me yesterday to warn me that I wasn't diversified enough - lol.

Like you I've been thinking sod it - give it a go - it should go well - why not - keep all your eggs in one basket but really watch the basket.

Mediocrity and diversification is boring!

Nice size holding RoxburyHouse.

It is my largest holding too and I wondered if you had an exit strategy?

I can see that this should get back to earning £50m+ per year, and if like ShoeZone it corrects towards a PE of 10 then that is over £1.50 per share from the current 59p.

Do we sell at £1.50 ?

Lol.

If Tower can get Cameroon to come off, then it could fund Namibia and keep a decent percentage of any upside. I know it has been said before but this could be massive - if we get some luck.

Not as bad as yours Runner!

lol.

I agree - I am not completely sure of the legal obligations - do companies have to declare they own shares if they are also are short? I had assumed not if the shareholding was below the 3% notification limit. They can definitely be a separate trade eg. 1 million shares short on a CFD account and 1 million shares bought in a normal share trading account is effectively a net zero.

A short can buy shares and reduce their overall exposure too. So with say a notified 1.5% short and then buying 1.5% of the shares it's a net zero liability with only the short notification visible.

I would imagine that's what may have been done in the aftermath of the recent trading update. Weak hands and stop losses were taken out by an 8.00am short attack and the sold shares were mopped up in the low 50's. They may not now be 'short' in reality.

All IMHO.

Great post Bondsan - I can't wait for the results from Graff and Venus!

If this goes well I think there are up to 800 million warrants and options to come so assuming no more dilution (please!) I make the total around 3.4 billion shares. I'm all for a consolidation from there.

Zambia??

Car3y - would you be able to tell me what a PI would need to do to get involved in fundraising and warrants in a company like TRP?

I have invested here several times and would have definitely done so if there were warrants attached. Thanks.

It seemed to work!

I have been here for ages and have a chunk of the shares, but I'm loath to start a Telegram account.

Will you remember us here if you come up with some conclusions guys!?

Stevebt - I agree PSN looks very good - but not just as good as this IMO.

I personally can see CARD much higher in the future with good dividends. Moonpiggy's shares look very expensive to me - if CARD can fix their online offering and adjust pricing for inflation then we might look back in a few years time and be amazed at the current price.

PSN are on a P/E of 8 if you look at 2019 earnings.
CARD are on a P/E of 3 if you look at 2019 earnings.

I am staying here!

Noisey - as far as I understand it over recent years the company has been spending to increase revenue.
After the Covid problem the Capex may have slowed down but they were investing earlier and the revenue in 2020 was quite a bit higher than 2017. If they stop investing for growth it may be that the bottom line will benefit. They made £80m profit in a year not so long ago and I personally think they could do similar or even better in a year or two.

Can anyone see a reason why this won't get back to pre-Covid levels of trading in the next 12 months?

This was earning post-tax £50m+ per year - if they did it again (even if inflation forces price rises), that is 14.5p+ per share revenue!

Nice and open reply Keasey - Good luck to us all!