Member Info for neilcl2

All this who it titan, reminds me of that masked singer show - what tripe!! ??

Thanks Jane

And Happy New year to you all

Hey LG, thanks for letting me know (and others), much appreciated - was planning to contact them Monday, but do let us know if you get any traction / anything happens your side, as the power of two is better then one!
Cheers M8

Luke very useful, also reminded me about the one for one share on Erris.
Has anyone one that came into that way got that? Im with Barclays, and not heard a thing

Well happy with that news, another hurdle over and gives some comfort.
And have been reading the other messages, I think sometimes the way we write things can be read in a different manner to the intent.
Have a good Xmas all, and see you again when we find out what the 26th Dec review is!
Boing boing

And suspect now, upon reflection they were being prudent to build a war chest either way, given they knew this moment of d day was going to come ( evidenced by the response filing by bpc).
Fingers crossed for

https://www.share-talk.com/uk-oil-gas-plc-ukog-l-horse-hill-judicial-review-challenge-dismissed/#gs.ou4eg0

Let's see then, when this gets back to 245 my statement will be true, and for the person that got in at 208 today, I suspect their bet was sure already!
In all honesty this is a share in my portfolio that I am confident will give me a return better than leaving money in a bank account.
There is always a business risk, the accs describe this anx this company is managing those well, and many more companies will fail before this one ever will - and as it would be towards the last in the queue in this sector, if it did I think there would be a bigger economic disaster that was happening.
I'm not naive on this one, maybe on some of my others you might be right!

Look at this share through another lens.
Put your money in the bank and get 0.5% interest in 12 months.
Put it here, you will definitely get more than than when it simply goes back to 245. Ie 3%. In a day or two.
You can then bail out, or stay in and hold for the SP at 300 or 350 or 400.
Mitigate your risk, but this business is rather robust to make this a sure bet

Sorry share, some typos in the last message but you get my drift?

Share - real world is, we only get rns once someone else has written it, and at 7am in morning - that in my world is written the day before and for it to be written someone has info.
That cayman fund does decide on day of rns it fancies investing, its told info we don't know and the people have to sign the insider list
More reasonable professional investors and firms will abide by FCA rules, some will bend it

Elec - same minds on post! For all the fund aint in for 1000%, they just want the surity of 15% to 25%, and option to be at front of queue on inside info.

I do feel board have sought to secure 20m as a fallback - if this drill fails it would likely be harder to get that £20m nvestment when the sp in dropping to 1.5 or 1.0 or lower.

You have to balance risk and reward whatever role you play, and my advice if don't over commit your portfolio - ie don't put all your eggs in one basket, that works for some but keep your rainy day money in safe place.

Imo - these are asset mgmt funds, with different pools of capital. They have bought in at 2p and can sell at 2.5, which will in turn push price down.
That is better than the 15pc and they can buy back in given they will know in advance of us if oil been hit. They will be at the front buying before we know.
So the real position is, they can get 25% return at 2.5 selling, and let the price drop to 2.4, 2.3 and be better than 15%. They then choose to buy more or none depending on news they get.
No lose situation, and if they don't sell all their shares they get 15% return.
"Alternative" investment funds target at least 15% return but target higher to offset the ones that don't come off

I just typed a really long message like this and accidently pressed back.! But this is similar to what I was saying.
You place your bets, you take your choice. Circumstances have changed here, risk has become greater with politics, but reward is still the same. When i was younger I always remember, "no risk, no reward" above the changing room door exit to play the next game of football.
Good luck, and those that post negative, why ?those here have made their choice don't need chts like you who aren't here, why you do that cus you ain't go **** better to do. Sad acts.
Good luck, all.

Runwiththebullzz, my message was aimed at DVN11
Ha ha - I'm on your page!

Think we need a new subject title, this one is becoming difficult to follow!

Omg.... mate if you are investing by comparing share price from one company to the next and not understanding mcap (market capital) as a comparator, you really need to grab the basics better - that is my advice.

As I understand the drill takes weeks, and different people / teams will fly in during the course of that. Hence could interact with the core drill team.

Thanks CW - restored my faith in humans!

Cheers!

Monks - yes - more senior debt will add to the covenant test, reducing head room
NEX still has undrawn debt facilities and not this mezz instrument, so gives them the flexibility in which instrument is best to use when cashflow pressures arise. As we turn the corner on this, NEX will have the financial horsepower to power out of it.
The key for businesses to survive is cashflow at this time - those without the resilience or contingency as limited revenue is coming in whilst fixed costs still have to be paid will soon fail. We have not yet seen that flurry of failed businesses as yet as furlough has helped, and some have been more versatile (like home delivery, expanding their online approach, taxi drivers becoming food delivery partners) .
NEX has planned and is resiliant. It has run its scenarios and so is prepared for outcomes, which not doubt will include being fleet of foot to take opportunities for failing businesses (or their contracts).
And then once we are around the corner, this can easily be refinanced with debt - and debt providers will no doubt want to lend to a business that has proved its worth to traverse through troubled times.

I agree it is more expensive than debt, but the quasi risk capital instrument that it is, i would say it is not. Its effectively mezz, which at 4.25% is cheap.