Member Info for Monty888

Visited 3 stores in S.E. Great ranges, lots of footfall, fresh and well run. Great ranges of clothes of all types and styles. Will crush Next, HOF and M&S. The website is really great since being under the Amazon guy. We also know that retail has great numbers as published by the retail consortium. At a PE of about 3.7 with 40 million profit forecast I have invested heavily and believe in the turnaround. Just a little good news in Sep updates will a stark positive rerating and the remaining shorters closing fast which will give a supercharge to the SP. People still want hands on retail therapy, Debenhams provides that in ample portions.

Disagree, look at VLX, they went from main to AIM cheaper capital raising, way lower costs and the share rising very solidly although not to 110p broker upgrade. Main market listings are x5 the cost of AIM and you have to pay stamp duty on the buys....No it’s all about results and cash generation. SP will be range bound until Erskine generating cash primarily, the other projects are great but need the deal done so they are cash accreditive.

Scottology - It’s not done yet and loads can go wrong, look at the Erskine shutdown twice and now down for months so no more high margin revenue. The next numbers will show a very different cleaned out balance sheet. Buying run down rigs after their prime production and making money is not without risks. Remember if these assets were great no one would sell them. Not all as it looks but the city likes deals and time could show this to disastrous. Look back a few years, Serica messed up on non economic rig purchases before.

Nice post Aegendo, I am quite heavy in these at 69p but not as heavy as you on 0.2%. I think it’s been thoroughly kitchen sinked and as a value investor to me this is hopefully oversold and worth a punt hopefully sunnier days ahead albeit with the usual challenges. Good luck to all in IRV

An see SD are sitting on 950M unused revolving debt facility so could probably take Debenhams out at around 25p per share as they got 29% already...........I wonder?

Debs will scrub divi’s to preserve cash, nice weather and UK retail stats significanty up, competition reducing, loss makers being reduced as rental exit clauses allow, estimated 35 million EBIT at Y/E. The websight is really good now and will get better under the Amazon designer we recruited. The shorters will soon lose their bottle and need to close their positions. Astley might pounce, he knows this is fundamentally undervalued. I also think BREXIT won’t happen rightly or wrongly - IMHO an absolutely screaming buy at these multiples.

When it looks like a profit of around USD200M this fiscal year coming and the market cap is only about 4x that. Also pre dilution the SP was over 1,500p. Is it a stretch to see this go to 1000p by end of year. I do feel for the LTH's here having been burned on QPP back in the day. Are we still run by the same directors or did they get cleared out? All things being even this looks extremely undervalued on the numbers and updates.

I think Mothercare and Debenhams are both contrarian investments. Looked at both but think Mothercare is a higher risk as its a bit of a one trick pony and few people want to spend too much on kids things. Debenhams could dedicate an area called say Kids Corner and compete but not so easy visa versa. With the Director of Amazon enhancing the website, I think it’s way better and less department stores around with folks wanting hands on retail therapy occasionally I am not absolutely sure but I gotta hunch Debs can turn there woes around. The next trading update is critical. I think c.10p or 35p depending.

Mothercare made a 72 million loss v Deb’s profit of forecast 35 million. So Debenhams, no brainer. Debenhams doesn’t need to raise capital just be leaner which is what they are doing.

Lots of BS here, what’s the cost of:
1. Only being operational 5 months per year due to per a frost.
2. Separation units to extract the hydrocarbons from saline water.
3. Transportation of the oil on ice roads to a refinery.
4. Operational and SG&A costs.

Massive share dilutions and no way to achieve a BEP.

Good luck

Spot on Dave. Sums it up, still probably no commercial oil here looking at the saline v oil mix. Time will out and shirts will be lost and the rampers will have sucked in many new naive investors. Shame but there we are, I have warning folks and getting the wrath of the little 88e self appreciation society. Never mind

Well the facts are nearly 6 billion shares issue, when multiplied by the SP 88e is just overvalued. The hard facts are its just pumping water with a few hydro's. So the cost of getting that into meaningful oil is prohibitive. Then you have the running SG&A or the company plus the fact it is only operational 4 months per year due to the Alaskan perma frost. Also if it it did produce decent concentrates of oil when under snow the cost of getting from the wilderness via the ice roads to a refinery probably make the BEP 50 to 60USD per barrel. Cannot see this as a long term viable company per previous posts. It's one to trade on the irresponsible rampers that push the price and upsell the news then sell down like now [Jiddy, Bromby etc] Beware and remember cash is king folks

Another amazing RNS, they don’t know if there are any hydrocarbons [Oil] in the water they are producing. What’s the price now for a barrel of dirty water. Well we got ongoing share dilution with circa 6 billion shares out. Only open about 4 months of the year due to permafrost, massively expensive transportation costs to move oil out if they ever find any in commercial oil. Not to mention the additional process costs of separation of oil from water. This share defies gravity based upon people that are waste their working days ramping like there’s no tomorrow. Cash is king when it comes to investing, this will never break even, shame on all the rampers that keep this little loss maker AIM disaster waiting to happen pumped up on balony.

This is being systematically run down by the Singy BOD. Even the advisers have resigned and the manegement buying properties in Singapore not related to the core business PI�s don�t have enough votes (shares) to stop what�s happening here. It�s disgraceful. I think they will run it down to tuppence and low bid to steal the company or get enough stock to delist. Good luck all, this would normally be a good investment if the BOD represented the investors best interests.

Is this a BB about the merits or otherwise of investing in Lloyd�s or the Today Show folks?

Only a thought. Might it be best for all parties if BP sell their share to Serica at a knock down price. Could we afford it would we want the 100% risk. Currently no trade sanctions between UK & Europe with Iran.

MikeMike Your usual emotional rantings with no data. Get back to ramping 88e pilchard

Respond to Mikemike nasty little personal attack. No beef with you, out of interest I shared a viewpoint which is what BB�s are for. I don�t short, I cannot short via my account restrictions so all your assumptions are incorrect. I do think the DEB is probably close to its bottom but who knows. Since my recent post the SP does continue to fall away. The new team will need to get the EPS moving north pretty quickly and the acid test will be to get its increasing debt down as it needs to be serviced I guess at around 7% gross and stay within its banking covenants. Many pressures all around, on a positive if it can do that there will be a quick rise and should be a sustainable rise. All IMHO of course, next 6 monthly results are critical to another nasty drop or solid jump up for sure.

Hi Cuddothisnow - Beware Mike he is a serial ramper who is spends all his time lying and exadurating on the joys of a non oil producer with nearly 6 billion shares in issue called 88E. H He doesn't accept any contrarian views and bad moths people who have a view that differs to his. You can see his posts and mine - Say no more [Don't be fooled by this clown who is waiting to get burned on 88E along with the other 88E self appreciation clowns that ramp each other up based upon nothing tangible [Baa Baa went the sheep]

Hi Cuddothisnow - Beware Mike he is a serial ramper who is spends all his time lying and exadurating on the joys of a non oil producer with nearly 6 billion shares in issue called 88E. H He doesn't accept any contrarian views and bad moths people who have a view that differs to his. You can see his posts and mine - Say no more [Don't be fooled by this clown who is waiting to get burned on 88E along with the other 88E self appreciation clowns that ramp each other up based upon nothing tangible [Baa Baa went the sheep]