Member Info for Monty888

People relax, look at the data here. Debt is high and a little expensive to service, external to this Bucher and his teams are really up for the fight to make this the sexiest greatest shopping experience in the high street. When you travel around look at the stores and what’s going on. Their internet shopping site is fantastic now because they have some Amazon folks running it. Let’s be honest internet is great but isn’t also great to burn a few calories actually getting into Debs then refueling over a coffee and a cake in their cafe these days. Leases are hurting the P&L and they often have nasty early redemption clauses but these folks will do well and this will be investable again in say 3 - 6 months. Look at what Astley paid for his 29% (near 50p). The shorters, Brexit etc are making everyone fearful - Remember Buffet’s mantra “Be greedy when everyone is fearful and fearful when everyone is greedy” I’m above 1m shares now and not concerned.

No your sad and your ramping across BB’s This is about BDEV. Get a life

Hi Mikey, Interesting articles and you are dead correct. Money is hard earned and not being lazy and researching is the way to be. One then hopes the numbers and RNS’s are truthful. They are always so positive as a general comment until disaster (Not referring to GKP). I was sort of 50 / 50 in GKP and Genel but decided after deep analysis to switch it all into Genel once they dressed down their debt. I suspect you have looked at both and done a bit of homework. I would be really interested to hear your perspective on Genel if you had checked it out. With thanks for your previous posts.

It’s alright Mike, I’ll stick with Serica and Genel. You keep adding to your 88e pal. I like ROI’s, you and are as different as oil and water.

80,000 hope through the melting sand versus permanent frost and sea water mixed with a little splatter of non commercial oil DYOR.

Best get some money before the winter shutdown. Too many shares in issue causing an overtly high capital value for non revenue, non profitable company with nothing imminent. Still it pays the ever hungry SGA bill. At what point does this get acknowledged as uninvestable.

Piers Pottinger was last seen on the back of his yacht The Lady Gillane in the Indian Ocean understood to have taken GBP600,000 in cash from the company safe.

Piers Pottinger was last seen on the back of his yacht The Lady Gillane in the Indian Ocean understood to have taken GBP600,000 in cash from the company safe.

Oh Topo, how much you loosing on this one buddy? Never get emotionally attached, first rule old boy.

Hi Dazzle, Totally agree with you, these idiot rampers should be behind bars from their false prophesies of this turd of a share. Hopefully some people will learn and get the hell out. I have seen some hopeful signs in the past few months, a little progress. Anyone worked out Genel yet....It’s called value investing, it’s how I became a multi millionaire by investing in equities over 3 decades.

Hi 128064, Don’t upset the rampers they are very emotionally attached to 88e. Having made 450% on Serica. I’m now loading up on Genel (My new undervalued cash cow oiler) at 227p
As you correctly state leave the lemons hanging on their tree. We will go make some money.

What I have is tangible Skiddy123 unlike the salt water with a little oil in it from 88e. Have you had the winter permanent frost shutdowns confirmed again for this winter. Did you save your shirt and invest in Serica like I told you do? I guess you not smart enough to understand cash accreditation and how it makes share investing a great experience.

Cautionary Statement: The estimated quantities of petroleum that may be potentially recovered by the application of a future development project relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially movable hydrocarbons.

What great news, because of Serica’s skills in extraction and rig de-commissioning together with the BKR increased ownership and USD2M tax breaks in accrual, this will a fantastic 6 months. Cannot wait for the next six monthly P&L, we should be about SP c.200p next release. Fantastical run cash rich company. Thank you BOD and all.

This is great news to have Jim Durikin back out retirement, we can expect some growth again. Hotson was more Coldson - Didn’t achieve anything at all.

Sorry to all invested here, had this happen to me in past - Avoid any Asian share listed on AIM where to BOD are not British especially Chinese ones. There are no exdration agreements so the cash often disappears under increasing debt or blatant lies on the P&L’s. Early warning signs are CFO changes and resignations also. Well that’s the end of MySq and anyone’s investments - Nightmare really.

I think with the reduced revenue coming from the limits on Whiplash claims via small claims courts NAHL has a clear alternative mitigation strategy and is sensibly preserving cash to invest in its growth areas across its divisions. At 2x we are still looking at dividends around 7% year unless we get a slow down in housing and car accidents. They have great partners now like Redde and when you look at the bush acquisition fully taken up capital raising at 350p / share this looks to be in an oversold position. It’s still highly profitable with a slight increase in debt which is to be expected as they invest in growth areas.

Incredible - Must be the best value on the whole bloody market.

In reading various posts, I think it’s not too complex, the headwinds against the price of the building sectors are:
1: Government grants reductions removals
2: Brexit which will initially cause business outflows and a big slowdown in growth.
3: Potentially a half or maybe reduction in immigration.
4: Global rising interest rates.
All the above will cause people to put off moving or reduce demand for new homes.

On the investment side:
1: We do generally have a shortage of supply v demand.
2: Most builders have good landbanks and balance sheets.
3: Most have good cash flows so can and do pay great dividends.
4: They are on lowly multiples and hence a lot of upside opportunities.

If Brexit doesn’t happen they will all rise hugely, it’s quite difficult to know of course. Personally I follow Buffet’s mentality of looking for cash rich low valuation companies and ignore the ups and downs of the markets as all shares find their true valuation most of the time. I am heavily invested in BDEV and will adding at the current price range as funds allow. GLA.

Thanks for the post Hawkey, I think you probably hit the nail on the head with the fractious politics. If they aren’t all killing each other and fighting over our oil rigs GKP and Genel in the next few months then we are probably in a good place for SP growth because the numbers are beautiful and the growth opportunities already in hand. I like the websites podcast about the plans to develop the assets and how it will come out of existing and future cash. GLA