Member Info for LUCAN

No wonder it's quiet. Their anticipated cost of production is about twice the current oil price. Would take a shooting war between major oil producers to change the picture. Otherwise, just pouring money into a hole in the ground.

Things are about to happen here, as follows: a. Modest pay rise circa 2% at INM b. Modest dividend to shareholders (impossible without above) c. Consolidation of INM with some part of Communicorp. Whether this is in interests of INM shareholders is a moot point. Communicorp has never shown any sign of making money. Consolidation of newsrooms is a possibility, as in the German BILD group. Opinions?

Something is up here

expected around end next week, judging by last year

Sure, we always knew funding would be needed. The problem is that cost of production here is likely to exceed the market price for oil in the short-term at least, and maybe for the medium term. NOT an attractive proposition.

A sustainable dividend, even if small, would bring it into the mid twenties i.m.o.

Stakebuilders in newspapers are few and far between these days, alas. There are cheaper ways of getting publicity. Dividends would certainly help.

Note the timing, 18.20 Friday evening. That won't fool them in Belfast.

Gross saving, say 80 jobs at minimum £50k, £4m a year. Net saving will of course be much less.

Still asleep, or are you all on the beach somewhere? Belfast printworks to close by next June, loss of up to 89 jobs, partly due loss of a major contract. Presumably Bel Tel will now print in Dublin. Unionists won't like that, but the whole NI operation has been loss making for a while. Another relic of T O'R's imperial ambitions. Not much room for sentiment nowadays. There will be redundancy liabilities, but should be substantial savings.

Same again this evg, showing price 0.55 which as you say is 0ver the ask. Must be some explanation.

I see we are 'up' 20% again, until next morning. Very annopying this, I wonder why they do it? Is someone buying a few dozen shares at (or after) the close at a daft price, just to make their portfolio look better?

You still happy here? Cash position looks thin, unless permit comes through quickly.

Everyone asleep here? Seems there may be dividends on the way, according to reports, once some capital reorganisation goes through. Now that would be nice.

Indeed we're not. Only transaction today was a sale at .41. The price quoted is pure fantasy.

but it seems a few people are tired of waiting

is rubbish, real buy price seems to be about 49-50p.

I wonder if DOB's plan may be to move some part of Communicorp into INM? He seems to be under some financial pressure at present. Presumably there would be no regulatory problem, as it would not increase his overall control. Whether it is a good idea for INM is another matter.

Not greedy, 100% would do just fine Best wishes

In for a small amount