Member Info for MPO818

Lots of posts regarding closure of these because the sp is rallying. This may not happen, many of the shorts were taken out at 28/30p and these guys are professionals, they will have hedged their positions at between 10/12p.
They are greedy b*s*a*ds they want to make thousands no matter which way the sp swings.

Euro markets appear open today and their futures are up strongly. The poor showing by Labour in the U.K. may follow through to a better sp for RMG and other companies threatened by nationalisation

Went past 2 in Southport whilst shopping with the missus today, both empty of customers.

Not convinced they will survive this time, both Flybe and Debenhams has decent bounces before collapsing, same may well happen here.

Increased by 361m market cap is 287m. Total debt more than 4 times the market capital. Future trading outlook rather negative and huge interest payments. imo RUN.

I can see a share consolidation coming to facilitate these quarterly dividends, makes sense to me, no point in paying a fraction of 1p every quarter. May also reduce speculative day traders, at real share level.

15 Nov 18 Commercial update
17 Jan 19 World first hydrogen electric vehicle charger
19 Mar 19 Selection of flow plate mass manufacturer
30 April 19 Collaboration agreement.

With such positive RSN’s one would expect a rapidly rising sp.

545 million new shares for bonus/incentives, so over a months worth of buy backs cancelled out in a day.Just beggars belief.

12 posts. Go back and read them. I recall posting that I’d written this investment off a long while ago. I’m happy that AFC have not invited investment at a personal level.
Bond discussed how they had changed direction, it’s taken years to find they have been going in the wrong direction. He was hesitant throughout the interview and when questioned on his level of share ownership he looked noticeably embarrassed- he ain’t paid a dime for the vast majority. I’m not deramping, I’d be over the moon to get my money back, but just won’t happen.

Listened carefully to the interview, and to summarise it sounded like a load of piss, wind and waffle to me.

Time will tell

The continuous RSN’s flowing from GS needs to be drawn to the attention of the FSA ( although imo they are fully aware and do nothing about it). GS imo have access to (State Side) price sensitive oil (and other sectors) sector information. They are making huge sums of money for themselves and their clients.

It’s quite disgusting that a blind eye is shown to this. If it was a U.K. company acting in this manner in the US their SEC would be all over them with law suits flying in all directions.

Rant Over.

“Insiders cautioning any deal is months away”

That says it all for me, up over 18pc yesterday, debt will continue to rise, suitor wants it for a song.

After Flybe and Debenhams - beware

Before I start, I am well invested in PMO.

This company reminds me of a little rich spoilt kid.

They have production of circa 80k barrels of oil per day, they have sanctioned Tolmount, they have Zama plus they bought more acreage in Mexico, they have Sea Lion, they have new exciting acreage in Indonesia and Brazil. To top it all off they were recently linked to buying the Chevron assets in the North Sea.

There biggest problem is they have no money and a large ( falling ) level of debt. Given TIME (and the right Brent oil price) they will be fine.

Management have a duty to their employees and shareholders to provide continuity of the business and a return on investment. At the moment the PMO management cannot juggle all the eggs in the basket. The two biggest upcoming projects are Zama and Sea Lion, they (IMO) need to decide which one they should sell.
1) to bring debt down more quickly and
2) to concentrate their efforts on the remaining huge protest.

TD has talked in the past of reducing debt and bringing investable status back to PMO. This is not currently the position, witnessed by the poor SP performance and the debacle ongoing with almost daily GS rsn’s.

The time to take action is when the oil price is over 70 dollars and rising TD is paid a lot of money and imo he is not acting in shareholders best interests, there is no significant capital growth (historically) and no dividend.

Over and out.

DC2007
Just to add, I’m amazed that the TCG management has failed to comment either way on all the weekend/Easter press speculation, especially with the SP having risen over 18pc.
Are they just burying their heads in the sand!!!

DC2007
I know Fosan paid a much higher price for their holding (not sure exactly the price). They will be fully aware of the mess TCG are in (more so than ordinary PI’s). They will not want all the TCG bits (IMO) and they will know what they can get for those bits.
If we reflect back to the Debenhams debacle, Ashley was suggesting paying 5p for the shares he didn’t hold, this could be a similar (hopefully not) situation.

TCG was one of my best ever investments. I thought I’d missed the boat when I bought at 46p ( I remember it well because on the same day I bought Lloyds Bank also at 46p) TCG had already risen from a low of 10p. Harriet Green was appointed when the market cap was £187m within two years it grew to £2bn and for reasons never reported she was shown the door. She continues to be successful as CEO of IBM in Asia.
I’ve continued to watch TCG with interest and I wish all current holders luck.

Footnote Still holding all the Lloyds, enjoying the dividend, but still waiting to match the TCG capital gain.

Be careful here folks. If TCG have not properly hedged their fuel costs, losses will grow very quickly. They are already up to their neck in debt, and oil has risen circa 40pc since January.The longer any bid takes to materialise (if at all) the weaker they become. Fosan are very astute and will not overpay, as an already large holder, why would they want to. So tread carefully

Last weeks RSN re Zama, amazingly had no impact on the PMO share price.

We awake this morning to the news that the US are to end the waivers on Iranian oil sanctions (can they or Trump be trusted) Oil has reacted with a decent 3 dollar rise, however without market closed any share price change is mere guesswork.

PMO has hedged some oil production at much better levels than last year, and now has the opportunity to do some more hedging, hopefully it will do so.

Your calculator needs new batteries, the figures you mentioned don’t stack up

My understanding of a bonus, is that is something paid to someone who has made a really special contribution,
resulting in the success or financial benefit to a company and its shareholders.

Just read the RSN about the up coming AGM. at the foot of the RSN there is a short piece about what AFC do.
“AFC is commercialising a scalable alkaline fuel cell system”
Last year it said
“AFC has developed an alkaline fuel cell system”

I wrote my investment in these off many moons ago, however is there now some hope, or our we being led further down the garden. All thoughts welcome.