Member Info for nen2319

Well I’ve done what I’ve failed to do a number of times. Rode it up, banked my original stake now letting the profit run for the long term. Great share, great board. Let’s hope we all make a bit of money and make a difference in the fight against this bloody virus!

Michu. Totally agree. Anyway I’ve asked Jimmy when SAVP will update the significant holders. In fact I’ve emailed twice over the last week but no reply.

Ok thx Guys. Just trying to find some answers.

They don’t make it easy do they?

Ok so according to SAVP website.
26 Nov 2019. Miton had 85.5 million shares. At a price of 23p estimated that means they had approx £19.6 million invested.

Now if you look at Trustnet and look at Miton UK Smaller Companies B. It shows SAVP as of 31st Jan 2020 part of the fund but only at 2.48%. Now the fund size is at £45.8 Million. So SAVP’s portion of that is just £1.1 Million down from the £19.6 Million end of November.
We know that the share price has dropped around 30% but they must have sold a hell of a lot of shares to be left with just £1.1 million but why no Tr1’s Since the one on 21st Nov?

Weird movements this morning again. SP shows up by 4.4% yet the bid is down to 15.5 and some very odd trades going through.

Miton has 85 million shares guys. If he is selling into low volume then it’s going to take a hell of a long time to exit. If Morningstar is right and he has 69 million to go then I’m going to be 168 when I break even :-(.

To fund withdrawals, Williams has trimmed some of his holdings while selling out of others completely. The number of stocks in the portfolio has fallen from 89 at the end of May to 56 at the end of last year.

“Williams, who co-manages the fund with Martin Turner, has built significant stakes in a number of tiny businesses, and offloading them could take him several months given their low trading volumes, according to Morningstar data.”

Be interesting to see the next update or a tr1.

Miton Asset Management. Autocorrect strike again.

Well Milton Group was the biggest investor in SAVP at 8.5% at last count but they are in a Woodford style crisis with heavy redemption. https://citywire.co.uk/funds-insider/news/gervais-williams-insists-he-can-bounce-back-as-fund-shrinks-75/a1317959

Maybe they are having to sell to fund redemptions and well eventually see a TR1?

Just watched it. Go to sky live and scroll back an hour etc and find the Ian King interview.

I’m in after listened to that.

Anyone got the link?

Well it hasn’t stopped TXP going from 10p to over 40p in the last few months. If the fundamentals are right and the value is there it will rerate at some point.
At least that’s what I’m hoping.

Lincoln tie back cancelled in 2020.

The GWA Partners have concluded that it will not be possible to tie-back the Lincoln Crestal Well to the Aoka Mizu FPSO in 2020 and therefore the installation vessels to carry out this work under contract with the oilfield service provider have been released. The GWA Partners have agreed to continue to build all the previously ordered equipment. If the GWA Partners are unable to obtain approval to extend the suspension consent, the Lincoln Crestal Well will be plugged and abandoned by the Paul B Loyd Jr rig in March 2020, prior to the planned start of the Lincoln Commitment Well.

Anyone know what shorts are left open?

This from Energy Voice back in December but still good to be reminded.

https://www.energyvoice.com/oilandgas/africa/213813/savannah-sets-out-nigeria-plans-for-2020/

Couple of items I picked up.

CPF fully contracted by year end
More gas customers over the year ( no deadlines = good)
Generate cash flow by Q2 for new gas customer announced today
Drill new well in Nigeria to provide redundant capacity
Refinance debt package to allow increased cash flow
Focus on cost savings
Opportunity on liquid side in next field rounds
Niger- bring the 5 discoveries on line and drill more exploration wells. Mentioned with a partner

****************************/articles/open-orphan-wey-education-toople-and-savannah-petroleum-db13aa0/

Same here Olderandwiser. Pls god let it be the start of the re rate and not another false dawn.

If they issue shares then they have to RNS it. It’s a waiting game.

Off topic a little bit. Is anyone going to Fundsmith AGM on 25th Feb in London?