Member Info for NicetoMichu

very roughly, this peaked at around 80p around 5 years ago.. so strong sell on average in that time has absolutely been the right call in that time.. what the future holds, lets just wait and see

Fair play Hawkhead, you've called this well a lot.

Towards balance, I note that this could still come good in s/p terms in the end, especially versus 8p. Although Ananda's potential 450p is looking particularly 'tricky 'now, not least with the endless confetti of shares being issued here. What are your thoughts on a maximum potential of 450p here Hawkhead btw?

PS Management here are again showing themselves to be so amateur in son many ways. imho

ps gbp to usd ex rate movements some factor perhaps

good news seemingly but I'm a bit confused why the issue price was .8395 when s/p was higher at time of issuance and has averaged higher in the period too ? Administration etc costs ?

It doesn't say who the loan note has been issued by. If Falanx issued it I suggest they'd have to state that so I'm with RonMcD in that Blairie raised that money independently of the Flx balance sheet, and raised that cash is to come into Flx's bank a/c in due course.

Also, as I previously say, It has stopped paying too exec salaries and related contractors salaries too and sundry other R&D expenses for this also.

So material difference to the bottom line altogether imho.

Ps: Not to mind half empty, I think your hatred for this co.Flx1 has you see every RNS posted as glass 90% empty. You have been right previously in fairness and you might be right going forward, but you're not guaranteed to be right going forward. And IF this company is or does turn(ing) itself around you'll still be finding negatives instead of the positives, forever.

Pleased with this.

Taking out costs of two senior execs and related contractors and costs of related future R&D expenditure/losses for Furnace and still retain some share in any future upside, if they do well with it.

(With revenues ticking up decently, better cost management is a BIG issue here so this is some progress in that space)

Also the founder has far from covered himself in glory as witnessed, not least, by the s/p

Also would say a raise in Q1 is somewhat less likely now than it would otherwise have been.

PS; Doubt he will sell shares at these around all time low levels either.. people like him are often dreamers and he'll look forward to 10p and the rest :-)

Malcay is most guilty of staying living in a pre 2015 AIM O&G valuation universe. Which is no more or less than the significant majority of people who post on these BB's. And the biggest culprits of all in this respect are the CEO's of AIM O&G Co's. imho

I agree that there seems to be a seller(s) of half decent size just looking to dump shares in short order here, A Parky.. which, at these very low s/p levels, is sad.

There hasn't been holding update RNS's in a long time so I can only think it's PI's with semi decent holdings just throwing in the towel.. and as volume generally not big this can hurt the s/p a lot. Also day traders in and out here today which clearly has an effect too

And it will be sad if this s/p goes soon back towards 2.75p after todays RNS. But I'd be more reassured in adding meaningfully into any further weakness here now.

and I'm thankful for it.

Q1 2020 should be an exciting Q for this co too.. so hopefully the s/p can motor on from 3p in the short term here.

Even including AIM O&G being way out of favour and maybe/maybe not future headwinds in Argentina, I could still make a strong case for this s/p being 5p around now.

Company has got to come close to delivering on targets though, not least additional gas to market soon ish

Still remains an extremely tricky share imho so DYOR

well done txp indeed.

We are due some year end exit production rate news sometime soon.. so plenty of the buying here today might be in anticipation/hope of those targets being hit..

I'm guessing that RNS could be released as early as later this week ..as very close to y/e now, and if they're hit those targets by now then they could announce asap ( could be end Dec/ early Jan announcement too of course )

don't go selling please :-)

I would have said MM's keen to get their hands on your shares in that case..

I just bought 25k for 2.79 btw.. so still going down though..

Frightening play out here in plenty of respects.... but I've taken a view now and so will keep adding in clips into any further weakness.. at approx. 2.5p next for eg .. If this goes towards 2p, i'll double the size of the clips I take each time I buy. If goes into 1'sp I'd add in clips of at least 75,000 a time .. thus allowing me get an average in the 2'sp..

Very much hope it does not go anywhere near 2p of course, but a nightmare share this has been in recent months, so who knows.

Great feedback as ever Viveka.

I'll go with you and guess mtph are in p/f B...and it would be brilliant news in that consortium took them, amongst others.

My guess was that whichever trading desk(s) is tasked with unwinding that Woodford Block holding - Blackrock and/or Schroders depending the fund they were in, or if some in both.. - was feeding small amounts ongoingly into the market to steadily bring the s/p down towards getting to a level where block buyer(s) would bite to take up the lot.. and I guessed that somewhere in the 2'sp would be low enough to get this to happen.. this could tie in with your afore posting too.. and we've been to very low 2'sp now so here's very much hoping an off market block buyer(s) is/are found asap.. especially versus previous large placing price(s) of near 4p.

Also I'm hoping that even if they still can't find block buyers for the lot in the 2's that they wouldn't look to bring the s/p down further but instead just step back and patiently wait until they find a way of selling out in 2's p, or higher.

(The next raise price remains the key factor for me here.. and all those Woodford shares in a new home ahead of that raise would of course be very helpful indeed)

Watch for delayed reported trades - generally bigger size worked trades - ongoingly when comparing buys to sells. (also which are buys and which are sells can be mis tagged at source depending on volatility/ spread etc)

I don't follow the shareholder register so can't even guess who is still selling but, from the Bagr website just now, see it has been updated a few days ago so others may be able to feedback here if they believe any one(s) of listed main holders holdings is/are going down as Ben Ezry is going up ?

A lot of shares are held by PI service providers - Hargreaves Lansdowne, Halifax, II. Winterfloods. Barclays, Peel hunt etc - in fairness, so PI's could be dumbing a plenty still?

I've always thought II's might be ongoingly selling some too .. but they may not be.. but I do ask :

''Insofar as it is aware, as at 15 October 2019, 37.6% of the Company's AIM securities were not in public hands. ''

Is that talking to the biggest holder , Barinboim Properties and a few other mid size holders like it eg Phoenix Holdings Regional and maybe some with under 3% too? And can someone confirm that those two for eg have not been selling at all this year for eg?

The off loading of shares here at very low prices seems to have gone on for almost ever here at this stage and is annoying and a still a bit worrying to me, although less worrying now than it used be.. as the likes of the local Ben Ezry are clearly keenly buying.

I've just bought another small tranche towards doing my bit to try and keep this above 2p. #
If everyone on this board adds another 20% of shares to their holding we might even get to turn this share price decline around somewhat ? It would be relatively inexpensive at these s/p levels and will bring averages down much neededly, i'd guess.
As ever DYOR as an extraordinarily tricky share, of course.

based on previous experiences, I more and more thinking there's joy to be had in range trading this in the .5 to .8p range ?
As well as long term future for buying low/lowish and holding, hopefully too ?
Combination style playing possibilities, so to speak.

Excellently put Brasso and I concur fully.

(And I'm generally thankful for posters such as yourself who are prepared to deal in hard truths and realities)

fine posting Brasso3, thanks. I'm with you that ppc.l has mostly failed to deliver versus targets for a long time now.. but that's not to say it still hasn't made pretty decent progress along that way, and is repositioning itself slowly but surely into a decent bottom line position. The utter meltdown of the s/p is as though the company is heading towards failure though, and it's clearly not. Argentina macro is somewhat an elephant in the room here too though and that gives further excuses for plenty walking away at even recent seemingly very low s/p levels. So a very difficult share to bet long on, altogether. One iI would categorise as for hardcore players only.

As I see myself as a gambler more than Investor, I'm ok with playing in this name. And indeed semi happy to buy regular tranches of ppc.l at what might turn out, in due course, to be bargain levels. Also off the back of a small legacy position here that is way down, I'm having to buy concertedly in 4p and under range to get to an average I feel appropriately 'low'. And an average in the early 4'sp or 3'sp is one I would now categorise as that.

buck off you bucking buck rogers, telegraphist :-)
(it generally feels to me like the keys to the asylum are in the hands of the lunatics in the AIM O&G space :-))

Another great post Zengas. Thanks ( plenty of other top posters here too, thanks to you all)

On paper this co. looks great. There is seemingly so little faith/ trust left generally though that great reported audited financial accounts seem required these days to really move s/p's up.

(and indeed share buybacks/divs. got to be tried more when doable too... PS; if one more person says back to me that's not how AIM O&G works... they'll get an expletive laden reply back :-) And, AIM O&G Chairmen/CEO's really need to wake up to defending their s/p's ..or else they can easily go much lower again, sadly.. take president (ppc.l) as an eg of a brutal s/p melt down.. Mr President, Peter Levine, angrily complains the s/p is completely and utterly detached from reality of the business worth ...blah, blah.. well put a few million into a share buyback at a premium to current 'joke' s/p then instead of spending many, many, many millions on increasing output by maybe 10% , spend many, many on that and the other many on a punchy share buyback scheme...because the other way sure as hell isn't working.. and even with him having huge skin in the game and getting smashed most he's still slow to wake up to something else needing doing.. I say, get some of your very approx. 50m gbp recent paper s/p decline loss back via share buyback scheme asap Peter please: learning for Mr Knott here too maybe?

head banging more than scratching, perhaps? .... 21p close today after that fine RNS this morning is, frankly, horrendous imho
Best I go back into hibernation until next RNS.. save annoying the uber bulls here further.
Here's very much hoping, this is my biggest bet if the lot, after all.