Member Info for Monty888

Merkel announced today Germany would ill open its businesses, cafes, bars etc but wearing masks and social distancing. Expect the river ferry company to follow soon albeit at probably lower customers and revenue for a few weeks. Do expect a couple of divi cuts but medium term hugely oversold. Just a few months back we had a fully supported fundraising at 44p per share.

18% down with a 10% spread. What does blue mean FSA15. If it’s 5% up you loose 5%...The market makers don’t like this so they are covering their butt on the massive spread. Not only is it a zombie, it’s unreadable in reality = Uninvestable

Hi Dazzle,
When your not posting here, do you walk around parks and gardens squirting whipped cream on dogs Pooh and shout out Chocolate Brownies, Chocolate Brownies. Novice investors loose money when people like you are irresponsibly ramping and ignoring the facts.

Any investors (dreamers) left invested kiss goodbye to any returns. The well publicised Alaskan $50 PB loaded extraction costs, alternative energy and headwinds like EV, solar, wave and ever green human trends make likely we not see oil over $50 again. So even if 88e found the motherload of oil like Norwegian oil it would be paying out dollars with every barrel. Of course right now it’s all excuses, salt water and mud gas (The big names dropping their investments like PMO). The cost of speculative drilling thru perms frost, building ice roads, paying EHS premiums to staff etc etc make this a completely floored business even the blind can see. The loaded cost of Genel extraction average is only $3 per barrel as a comparison and they are pumping out massive amounts making them very cash positive. My objective is to help the novice investor smell the roses. Could be the odd day trading window but peanuts to be made as it’s spread is 5% to 20%. To small to short also. Bromby, Jiddy - Lets have your BS ramping response with ever less credibility please now?

Well Jiddy, I called out post after post. Facts are this is not an investors share, it’s a gamblers! The numbers, knowledge and research shows that even if a lot of oil was found your at around $40 per barrel extraction (inc loaded costs). It’s a classic Zombie share and all investors are destined to get cleaned out once it delists as it inevitably will. Dead money, get what little you can and put it in Genel or similar mega cash rich share at these bargain prices.

Don’t like the accounts not being signed off at all ADM. Good to see the brisk business my mate told me about is true. GLA

Last update said year end results would be published 31st March. Anyone know what happened? A bit concerning.

Mate who works in Poland says his local is really busy. Lot of people ordering on line, pizzas taking up to an hour to arrive due to the order backlog. Can see some really big buys going through past few days.

Have colleagues that work in Poland, they definitely have COVID and it’s set to worsen. The beneficiaries will be grocers and take away and especially delivery orientated businesses. I have been buying on the dips. 700k shares so far.

It’s very sad to see what the US has done leaving the Kurds out to dry in Northern Syria. I feel their best option for any kind of safety and quality of life will be to go to Northern Iraq, Kurdistan. If they do in their millions then Kurdistan Iraq will need to develop its infrastructure very quickly. Granting FDP’s on things like Bina Bawi would generate immediate significant much needed cash to support this situation. I am speculating but let’s see within the next month or so what pans out. Could we be seeing some early inside smart money starting to move in beginning to push the SP?

Hi Desmond, I think you meant 0.3p by Friday assuming you are a realist.

Winner, winner chicken dinner - Tastes nice with some dried salt from 88e’s numerous expensive abandoned wells. More people should take leaf out of Learningtoinvest. He realised this was never going to be a cash positive company, now forced to fire sales of what might have been their better assets. Selling the little bit of family silver they might have all dressed up under the clever wording “Farmout” The drilling will be halted soon again as the perma frost forms but the Execs will still be living off the fat of the investors as always.

This has market cap of about £46M, bearing in mind the completely trashed balance sheet and no imminent oil one would have to put fair value around £20M I would think which gives an SP of about 0.3p. - What are the timing expectations of more dilution again. Especially if the farm in fire sale fails etc. I think it’s tick tock until this becomes another AIM share that delisted. Interested to hear any non emotional rational inputs folks?

Nige - Quite correct and a nice Buffetology approach. I would avoid Persimmon though. They could get an enormous fine and get their cash pile mullered

Well per previous posts, facts are now c. 7 billion shares in issue, same old RNS’s in style and content. There is no oil, there is no imminent oil. If there is any oil cost of extraction at 60 bucks per barrel or less sees little or no profit. If 88e could make money it would take years to ever get its balance sheet to BEP. With positive cash it’s a stupid risky investment. It’s fire selling any kind of farm in it can get. Will only drop further and get sold at .25p or delist later in loosing all investors their entire investment. Get out while you can, don’t listen to the rampers, they been spouting the same theme for 2 years. Look at the share price for last 2 years v their spouting for data based evidence. The swan is dying, the fat lady is tuning her piano and exercising her vocal cords. Will son be over and out.

Look at all the Director purchases averaging between 17 to 19p. Realistically they will need an all cash offer of 20p or a little over to do deal. These opportunistic offers as stated are to be ignored, several parties are interested. If we get a bidding war started could go as high as 25p. Stupid rampers do their usual BS posts in these situations, best to keep it real for us LTH’s eh

Good for you G, see what you mean about some of the negative sour posters here that are clearly not invested and are trolling fake news. All companies have headwinds with Unions etc to me to time and the hidden bonus is now out there so it will get drilled down by all the big investors over time. As said Stobart need to clean up their remuneration acts and now they under a lot of magnifying glasses in this area big time.

Hi G, Probably a good strategy for small spread easily volume tradable like Stoby if you have the time to watch the hourly prices. Not so long ago I did similar for Glencore and Ferrexpo but kinda came unstuck in that after a few weeks of trades they went up 65p to around 300p and 22p to 250p respectively - You can see it in the historic price charts of course. Long story short for me, is could have retired on the sums I traded if more patient. The day trading thing is okay too but can leave you locked in or locked out eventually. GLA

Well Gerry, I’m carrying a 100% loss on these. Never thought the SP would tank this much at all bearing in mind the growth in airports and renewable fuels particularly. Hate to say it or see but when the goes XD and if timed to another market fall I think you will get your 99p or less buy in price target.
The Management are largely unethical and greedy and it seems to be in Stobarts DNA unfortunately. I think (& hope) it will become a takeover target or get a disruptive investor come in, as I’m sure once integrated into another ethical organisation the intrinsic value of the SP is well north of 200p - Interesting times for sure.

If the assets are really as high as the article alludes too then I would expect an aggressive takeover and as part of that mug the existing BOD off. Great assets not being run in the interest of all the shareholders. The value will out sooner or later just be patient I think.