Member Info for MartyPoppins

One of the reasons for the significant collapse is the fact that management is sending out contradictory messages. Just a short while ago it boasted about significant developments, markets, contracts and inventory build up in Brazil and India. Now it says it is pulling out of these 2 regions. Was management previously inventing lies, or was it just plain stupid? I have no idea, but unfortunately it implies that management also has (had) no idea. Perhaps pulling out of India and Brazil is actually the correct decision, but it sure makes investors wonder about the truthfulness of prior statements (across all regions).

Less hyperbole and more caution is the correct way forward for a listed company. As it is learning the hard way.

Perhaps, but I find it somewhat exasperating that the company issues an RNS on 'The Bear Grylls Adventure" (......) but has not at any stage - to my knowledge - addressed or commented on the reduction in SP from 3000p to 700p. The company cannot control the share price (usually - obviously share issues dilute etc.), but should at least acknowledge the losses that many shareholders are experiencing. It is hard to relate the magnitude of a fall like this to management general comments implying that the company has had 'yet another successful year' etc.

Invested in this company a while back and am wondering if I made a mistake. The share was clearly over valued in the past, and not sure if it will get it back to anywhere near where it previously reached. What happens when a growth share is not materially growing? Nothing.

Obvious to say, but if the company will not pay dividends any time soon, it needs to grow significantly. Saw a recent interview and management seemed rather smug and self-satisfied with performance. Not the way to go.

I have been following this train wreck for a few years and must conclude that it has the worst management team I have encountered (barring fraud)- how hard can it be to sell pallets? And these monkies are still being paid!!!

Commiserations to anyone invested.

So you are finally realising what an idiotic deal this 'enticement' is for PIs in general (although, unlike the vast majority of PIs, at least you say you bought in the 22p-29p range - after all, a profit is a profit)? Perhaps there is more to the consistantly strange rumblings of Mr Fela Kuti than meets the eye.

Been in HUR since 2014 - but first time to post here (nothing to add along the way......). Management has been reasonable IMO, unlike at many other similarly-sized or positioned O&G coys.

Bought and sold twice, current holding bought at 36p. And SP now moving in the right direction (again), so no complaints.

And probably my last post if things run smoothly.

A,

Thanks for replying on behalf of TB, but is anyone really interested? I doubt it. However since (as usual) you use strong terms ("...that kind of intellectual dishonesty, which is plain disgusting...." Ehhh??? OK.), I will reply:

Question was: "...why is 46p suddenly seen as such a great price?"
Answer by TB was: "Because 46p is better than 23p you bellend...."

Enough said.

One of the advantages of a college education is that it helps you get a job. So I will now return to mine.

BTW, thanks also for saying my prior comment was intellectual.

Usually when I come across a share seemingly too good to be true, it is (especially on AIM). This company/share has a reasonable business (albeit with a, hopefully-ST, reduction in revenue coming); a good cash balance; hopefully improving margins (albeit at a ST cost); a dividend (on AIM...), and a SBB programme. Hard to ask for more, really.

Only one question as a potential investor with no history in the company yet - is management currently generally deemed trustworthy by long term holders?

Thanks.

TB,

Your reply made me laugh and I have to comment, despite what I said:

I complain of unnecessary vitriol on the board and you return with "Because 46p is better than 23p you bellend and it indicates the sp is moving toward fair value which is well over £1. If that is the extent of your investment prowess then hallelujah you're refraining and please don't break your promise....." Couldn't make it up - suggest you go for a loooooooong walk.

BTW, you appear to have missed the point of the question - yeah, we all get that 46p is better than 23p. Never mind. At least BR took the time to give a measured and reasoned reply. BR - as said before, (unlike TB, who sees 46p as a great price) I don't intend to sell, so we are actually in agreement .......

Given the years of bullish ramping we have read on this BB about SLE, why is 46p suddenly seen as such a great price? People really stayed invested for 5 years + in SLE to sell out as much as they can at 46p? If so, it tells you a lot (too much?) about the company.

In any case, until the vitrol lowers I will refrain from commenting further - why do people become so unpleasant on these sites? So unecessary.

No one notice how this tiny company already has a £1m+ pension liability? Another company set up by management for management.

The idea of the exercises were to 'maximise social utility'. No, I never could work out the required formulae either - anything above 10 times tables was beyond me.

'No intention of buying' - as a long time holder, it's a question of selling. And, for the record, I will probably not bother. I've held this long and can wait another year or two - and 46p doesn't cut it for me.

Assuming that those who accept the offer want as much as possible of their portfolio to be purchased (ie. 20% of portfolio being purchased by SLE being preferable to 10% etc.), then this is one of those situations whereby the more people attempting to sell achieves the less satisfactory result for each individual (with the worst being a minimum 10% repurchase across all portfolios). So, setting an assumed market price against the 46p, theorectically I suppose there should be a price (or series of prices) that the most ambitious sellers are willing to actually PAY others not to sell, in order to ensure that these sellers get as much of their portfolio sold as possible - and thus everyone (both sellers AND non sellers) profit from the SBB to the maximum extent possible. A kind of economic socialism.

We used cover similar rubbish in college, but I will leave it to the clinically bored to work out a complex formula that indicates the maximum that sellers will be willing to pay non sellers to optimise aggregate profits.

Given the volatility and recent fall of this share, did anyone buy this speculative share just for the dividend? Take the risk of an enormous capital loss (given the way the share was moving) for a dividend paid net of foreign taxes? I'm not so sure. Moreover, all the shorters now have to cover that dividend (gross, not net) - I would expect many of them got out, having made their money. I bought for reasons other than the dividend and expect to hold.whatever happens tomorrow.

I'm new to MTFB but not biotechs. If the company has reached 80-90% of the way on a good product, it really is not usual to pull it because of funding. The risk/return for the provider of late, but 100% essential, funds is hugely favourable. There are always exceptions, but this is a sector where investors are willing to put up millions for speculative projects that have yet to commence and can take up to 10 years to develop. The risk in this case is that they screw up existing shareholders via the method of funding, but one has to assume that eventual return from a positive FDA decision will overcome even that.

The big money is of course in a positive FDA decision, but investors/speculators do realise that any news of additional funding (that does not destroy shareholders) should also give rise to a significant ST jump in the SP?

Shorters have made a fortune on this on the way down. At some stage someone will decide enough is enough, the buying will begin and the same prior shorters- now long - will then profit from the subsequent price rise. That's why these institutions make millions and we don't. C'est la vie.

SLE has been a terrible investment with a hugely troubled history, but management has recently authorised a substantial SBB programme which might give a short to medium term lift to the share. A small bet now (I would not say 'investment') gets you in without the X years wait and substantial losses suffered by many. As said, E&P buying is often as much timing as quality.

Small cap E&P is a lottery and few companies or their reports are reliable. Best time to buy is after a collapse (a la ECHO and SOU). Hardly an investment case, but better to buy at 4.2p after a less-than-major setback, than at 12p on what is little more than an educated (?) rumour.

SDX looks interesting to me (don't hold it), but the market is simply not interested ATM.

According to LSE the ex div date is 21st Feb. I don't follow this share but, assuming a dividend is paid, won't shorters have to cover the dividend? If so, surely the shorting stops very soon?