Member Info for moneyspider

Will take many months. I suspect that there is a lot to uncover - they will have to look at this on a per customer basis - how much did they over estimate. Not good for the share while this goes on. Certainly no RNS with directors buying. This is only going to get worse.

Don't be taken in by the rampers. Good Energy has a £17m market cap and more revenue.

What P/E the numbers for profit were wrong - no profit so the PE is not relevant. This is a loss making business only worth something to other energy companies for their customer base. That why I thought they had some value.

You are correct this is not the companies responsibility but would be if BK was buying or any of the other Directors. They will be in a closed period now while the accounting is done anyway.

It is illegal to delay a TR1 - under the rules they must be issued immediately following a transaction. Check the rules!

They will still need to send out a TR1 for every % point they go through. So only private buyers, which has ramped up the price beyond what this share is worth.

I expect this to fall back - profit taking has taken place.

Lets see what happens when the accountants report.

You have hit the nail on the head. These company is dead in the water and a great short. They will run out of cash. There are thousands of energy brokers out there with much lower costs of doing business.

What is the gross profit projection now? That the key was 16%, with £10m hit is now very low - want the company to confirm before 2019 numbers make any sense

In this to make money like all of you. Think it can go up to £3 on ramping that you are all doing but the fundamentals of this stock does not value it there. Just make sure you time you trades right

If you look at the facts - this share is well overpriced even at this level but sentiment and ramping has been driving this up. If they t/o £100m next year at say a 10% GP (which I don't think they can get to) and a bad debt at say 3% then that's a £7m GP - take off the costs and they will not make a profit. So they need to reduce costs to survive in this market against the big players. British Gas has a new BG lite business and their GP's are less than this with a low cost infrastructure. BUT it's a traders game not based on the fundamentals

Well done! I will be out soon also as now in profit again.

He will be In a closed period as they carry out their analysis of the financials to get to the real number to adjust the accounts. So no chance of him being able to buy or sell for months.

Had to have a dabble again - the price will go up so thought that I might as well look at making some money this time. £3 in a couple of weeks. That will do nicely. If not I will hold out.

profit taking - this will soar past the £2 mark today

wow - looks like this could get past the £2.50 mark today with positive sentiment

Decided to sell my stock now as I bought enough to average down my losses - didn't think that I was going to get my money back. Will now wait and see what happens - sorry not brave enough to hold.

Looks a cert for a good day.

Tried to buy again this morning to further average down, will keep trying. Agree could get to 1.50 - 1.70 today.