Member Info for Moreforus

"It is also focusing on ways to add value to the proposed LNG production that will derive from existing projects that are under development by Gasol. " this was not mentioned in the original rns.. "Gasol anticipates that the review will result in new business activities to be developed alongside the existing projects that are under development. " this means they have idendtified new opportunities AND a way of getting extra or early value out of existing. i will be buying more 1st thing monday.

http://www.advfn.com/cmn/fbb/thread.php3?id=10644504

Strategic Review Update TIDMGAS RNS Number : 2850J Gasol plc 26 March 2010 ? 26th March, 2010 Gasol plc ("Gasol" or "the Company") Strategic Review Update On 11th December 2009, Gasol announced that it had decided to undertake a review of the strategy of the Company. The review, being conducted in conjunction with Gasol's largest shareholder African Gas Development Corporation, has been reassessing all of the opportunities available for monetisation of stranded gas assets in the Gulf of Guinea, taking into account the speed with which projects can be developed and desire to achieve early shareholder returns. It is also focusing on ways to add value to the proposed LNG production that will derive from existing projects that are under development by Gasol. The review is progressing well and the Directors expect to announce their recommendations before the end of May 2010. Enquiries Gasol plc Tel: 020 7290 3300 Ewen Wigley, Chief Operating Officer Pelham Bell Pottinger Tel: 020 7337 1500 Alex Walters Francesca Tuckett Panmure Gordon (UK) Limited Tel: 020 7459 3600 Dominic Morley (Corporate Finance) Callum Stewart (Corporate Finance) Adam Pollock (Corporate Broking) Ashton Clanfield (Corporate Broking) About Gasol Gasol's strategy is to identify and develop commercially attractive opportunities in the gas sector, with initial focus on liquefied natural gas ("LNG"), sourced from Africa's Gulf of Guinea region. Through the creation of a substantial value chain via a series of partnerships involving gas gathering, liquefaction and the shipment and regasification of LNG into high-value markets worldwide, Gasol aims to become the premier Africa-focused gas independent. Gasol works in partnership with governments, energy majors, utilities and independents in Africa, the USA and Europe. Gasol is Afren's exclusive downstream liquefaction partner in developing an LNG monetisation strategy. Further information is available from the Company's website www.gasolplc.com

Dont disagree but i invest for growth and fundies - clea was trading at 0.50p - 12-18 months ago...i dont care about the spread as long as the price i pay has upside, as i'm expecting the company to grow over time it is not an issue. The stock is more liquid than you think the market is 500k shares bid 500k shares offered ..thats roughly 7k-9k gbp buy or sell ...not 500 gbp. This is not a day trading share however it does offer diversification away from the usual oil, gas, miners and is a growth company in a growth sector.

depsite the 650k sells (habve a look at the trade history) ..they were stll 500k bis at 1.515p..although at the open the 1st sells were going through at 1.875p - have a really good read - if you want to buy then split the cash into 2 pieces - keep half back as it might dip on funding news... real spread into close was 1.515 bid for 500k and 1.9p for 150k then 1.95p for up to 500k. there is not a lot of stock around despite the sellers and it can move quite quickly - most of todays sellers would have exited anyway imho - trapped longs...

no i'm not we gapped up at the open - fell back on about 700ks sells to be flat, then someone bought 500k in 1 hit (he had read the results i would have thought) and there was 157k buy at 1.9p into the close ie net net sales and buys crossed out and we tested the gap and filled it and then bounced. read the results and decide - they are at the controversial unloved stage - once they get the funding announced... read the ceo's language and outlook for growth....i am not worries 1 bit - i had a run with someone here and he said they were going to go to the wall and be taken over by FRP in September...results do not shout company on the verge of bankruptcy really...do they? he also said the new assets were generating cashflows ahead of expectation ... yes angm - you spotte the macd flattening out and turning - had a silly test of 6.75-7 again - did you see it lasted 5 minutes at 7p....we still had a large sell (450k worked) but they will end soon - even if they dont then the newsflow will kick in come April - reminds of me of 2p days and 4.5-5p days...

trapped longs bailed and guy on advfn said he was worried about dilution... i dont have an iphone (-;

Relax Acquisition On 3 December 2009 it was announced that we had acquired certain assets of Relax Group plc (in administration). These assets comprised 2,400 IVAs, 1,300 PTDs and 2,800 DMPs. The total consideration to be paid amounts to GBP2.7m of which GBP350,000 had been paid at 31 December 2009 which, together with estimated restructuring, relocation and financing costs estimated at GBP500,000 will bring the total cash cost to GBP3.2m. These costs will be expensed in the second half of the year in accordance with current accounting standards The Board of ClearDebt see this acquisition as the opportunity to expand its operations in the growing IVA and Debt Management sector. It enables us to review the acquired debt management cases for possible IVAs and now give us the capability to take on new business in Scotland rather than referring PTDs onto third parties as we have done previously. The acquisition of these assets should provide strong and predictable additional cash flow for the Group and our lean administration means we are very confident that we will manage these cases effectively and at a higher margin than Relax found possible. The timing of cash flows from the cases to date has exceeded our expectations.

Pipeline of new business suggests strong continued growth through to the year-end Ø Current economic environment creates increasing demand for personal debt resolution. ClearDebt is in a position to cope with substantial growth due to its scalable model based around web-based algorithms - thereby helping to minimise the cost per case and enhancing profitability David Mond, CEO of ClearDebt commented: "We are very pleased by our performance throughout the period and are encouraged by what appear to be highly positive signs for continued future growth across all product lines. The Group is becoming a major player in the industry. As a profitable and highly scalable debt resolution group, we are confident that we will be able to manage our growth for the benefit of our shareholders.

raised 450 mill assset linked debt facility - ideal for funding gasol type monetization prject with AFR/EDF and GAS... chart looks a lot better and chart players jumping aboard strategic review to add value above the 2 existing projects risk discounted npv at 7.5p

triple bottom oversold news expected darling didnt put up cgt - tax selling stops

looks like market was walked down to fill a large buy order reported on plus 947k at 2.1p = 20,000 gbp. thats at a premium to current offer.

note they say 1.7 mill from debt and rest from current resoruces - instead the company is going to raise UP to 3 mill gbp from a convertible or equity placing - this will lead to potentially 50% dilution - a p/e of 10 supports a stock price 2.66p with that amount of dilution. They say they are retaining current cash as its better used for other opportunities. Of course we are yet to see the details of funding or the interim results which will tell us the ture state of play. http://www.cleardebtgroup.co.uk/download/ClearDebt_Broker_Note_7_12_09.pdf Relax for growth The opportunistic acquisition of the Relax portfolio more than doubles ClearDebt’s client base providing the Company with a critical mass for what is already a profitable and cash generative business as well as greater visibility in the sector. We reiterate our BUY recommendation and have raised the target price to 3.6p (from 3.2p) to reflect additional profit from the acquired contracts. Step change in customer volume The transaction adds 2,400 Individual Voluntary Arrangements, 1,300 Protected Trust Deeds and 2,800 Debt Management Plans to the portfolio of 858 revenue generating IVA’s and 2,860 DMP’s as at June 30 2009. Whilst the DMP’s are notoriously unreliable and attrition rates will be high we still estimate c£0.75m additional revenue for FY2010 and £1.3m pa subsequently from the supervision of these agreements. Funding The Company has confirmed that the transaction will be funded by cash resources and debt facilities – we estimate that the maximum debt required will be £1.7m. Gearing would rise to just under 40% but with interest (based on 10% i/r) over 7x covered this represents a more efficient use of the balance sheet. Upward earnings revision The ClearDebt model provides a low cost administration platform for IVA’s and DMP’s and thus it is anticipated that ClearDebt will procure a more attractive margin from the contracts acquired than Relax was able to do. We have increased our PBT forecast to £1.24m from £1.1m reflecting six months of contribution from the acquisition. Maintaining our belief that ClearDebt should trade on a 10x multiple we have accordingly raised our target price to 3.6p.

RXL was over priced?? and now CLEA is not going bankrupt but a "get rich quick for one family" - ok geoff i hope you are not going to sustain making libellous comments...how can it be a get rich quick scheme exactly? David Mond and family are all shareholders - the only way they'll get rich quick is if the stock price goes up higher than what they paid and then sell 60 million or more shares at a much hgher price or declare huge dividends - so lets see higher stock price - good for ALL shareholders - large dividends erm good for ALL shareholders. perhaps you should engage brain before mouth next time

your forgot to add IMHO...so lets see you dump CLEA and buy FRP and come here and predict CLEA is going to go bankrupt!! Seymour P predicts a full year to june 2010 of 1.1-1.2 mill gbp. CLEA current market cap is 5.8 mill. thats'a p/e of ....? if there is 50% dilution that's a p/e of...? "My understanding is that the bid on RLX but half the amount of CLEA. CLEA has now realised that they as running out of cash fast, hence the loans. RLX back book is not good. I would not be surprised to see INVOCAS and CLEA swept into a much larger FRP by Sept this year" RLX assets were bought for half the reported book value - CLEA have not attributed them such a value to factor in the quality. You are suggesting they are about to go bankrupt and get taken over by FRP - that is frankly preposterous - what hard evidence do you have for such a claim? given the strong positive cashflow - even if they are funding the purchase of Relax assets out of a funding , if they continue to trade at these levels that UNDERVALUE the company they are vulnerable to a hostile takeover. They are also about to publish their own results which will give funding details, interim results and the first month of the news assets trading...so lets see if they are as you claim on the verge of bankruptcy and about to get swallowed by FRP....

Nigeria: Lukman Says Opec Considering New, Cleaner Options for Energy Production 18 March 2010 -------------------------------------------------------------------------------- Email|Print|Comment Share: Dr Rilwanu Lukman, Minister of Petroleum Resources, said in Vienna on Tuesday that OPEC was considering new, cleaner and greener options of developing the hydrocarbon resources in member-states. He said the new approach was a direct response to the demands of green technology in oil and gas development to save the environment from further harm occasioned by the new climate change deal. Speaking in Vienna Lukman said the organisation was reaching out to and partnering with the major oil multinationals on how best to invest in the oil and gas sector to properly harness the huge resource potentials for the good of the various governments and their citizens. The Minister is in Vienna to attend the 156th Ordinary Ministerial Meeting of OPEC. He said the extensive engagements and cooperation with the oil majors also involved the diversification of energy alternatives, including solar and nuclear options, to reduce green house emissions and save the planet. The minister said there was a need to begin to plan ahead for the future when the hydrocarbons might not be much again. Relevant Links West Africa Nigeria Energy Petroleum Energy Business "We need to develop new ways of producing energy and to continue to meet the energy demand of the world, including gas supply. Gas holds the key to the future," the News Agency of Nigeria correspondent covering the meeting quoted him Lukman as saying. He said Nigeria could not afford not to be an effective member of OPEC "because it is beneficial to our cause, and we are heavily dependent on oil and gas for the revenue." He said it would be inconceivable for Nigeria to contemplate leaving OPEC for whatever reason, including under-production of the OPEC crude quota as a result of insecurity in the Niger Delta or facility attacks on the pipelines. Lukman expressed the hope for a speedy passage of the Petroleum Industry Bill by the National Assembly as it would open greater investments and increased local participation in the sector.

lng projects can have a 5-7 year life cycle..the Afren/EDF project and the Sonagas projects are expceted to generate returns in 2014 - the net present value Edison has calculated is using a risk discounting method back from a future value or 30p. He has applied a 75% discount for a number of risks like politics and terrorism. That's a conservative method. If he used divi- discounting back from 2015 of 10% per annum then net present value would be 15p. I know you've been here 2 years and i know you hate the stock but those are the numbers that attract people to buy. The strategic review is looking to generate revenue before 2014. It's that simple - either they can or they can't.

the company promised us a strategic review in q1 2010 . that means they need to update us in the next 10 days. so it's either boom or doom. if they say they have found new opportunities and are working on them now or better they have now won a few contracts then boom. if they say that its delayed or have found no new opportunities then ...they only have 2 projects on the book worth 7.5p net present value so we get to resolve this one way or the other soon

i think you have a strange definition of ramping - i;ve got lots of stocks with brokers notes ..how is it ramping to say that broker A rates stock XYZ at the this target or this npv? i know you must be delighted we have slipped all the way back to 2p why dont you sell out and have done with it?

buy limits have changed 250k at 2.045p 500k at 2.2p