Member Info for NicetoMichu

That’s your best post yet Gilo.. and that takes some doing given what’s gone before imho ..you’re a pure entertainer

It wouldn't be the same without you Gilo.. (be sure to tell us when you're selling.... I might look to buy some more then)

10p + would be nice today though as the Chef deserves it ! Hopefully it's doable.. beyond this nice s/p resyncing - Nasdaq/AIM - occurrence I can readily see good upside to come here on good bottom line news.. surely, with the help of CMS or otherwise, they've got to be able to some up with some good news in the coming weeks/months..

this peaked at 300p a few months after coming to market 4 /5 years ago, don't forget.. although the dilution since has been massive granted.. but 20p by summer is still doable in my mind..

solid to good results here this morning imho.. and there are lots of reasons why this s/p should be considerably higher than 14p now imho.. but, I've held lots of different AIM names in the last 5+ years and some have even gone to zero, yet, cumulatively, none has frustrated/exasperated/annoyed me as much as Amerisur and from the s/p performance clearly many others feel the same... and it only takes a few big fund players to feel annoyed - even embittered or even sectored unfavoured too, in fairness- at the same time and this is what can happen to a s/p .. and Rex Harbour was likely not the only serious player in the annoyed class imho..so while management here may have accumulated big cash credits in the money bank in recent years, they have accumulated much bigger again negative sentiment in the mind bank.. so they have got to deliver good production growth in an on time fashion in 2019 imho .. if they do things will turn up strongly here for them - and therefore us- I believe .. if they don't this will remain a 'tricky' - i.e. DOG by s/p performance definition, at least - share imho...

80 is a key number for me.. getting north of it and staying there would tell me that a serious break out is happening here.. and then £1 plus is next target.. As promised, I've done my top up at 65p and 70p .. I'd do one at 75p too.. and probably one more in 80's p too..
as stated by and plenty others here there is plenty of room for upside in this one.. so here's hoping
Finally I offer : go Buzz !

You post well here Chef imho and so I pay attention to your predictions.. and 10p plus in next few days is an interesting one.. and I can see why it might happen too.. here's hoping !

Ps: Great if we could Gilo and Retour predict 5p by Monday here now.. on top of Chef's 10p + call, that would give us a really good chance of breaking 10p in next 2 trading days imho.. come on guys, this board needs you to make that call here now ?

My agenda is to add some balance to this board Ironic as it's full of uber bulls who are only looking at/for positives

Sadly, the s/p still wallows. It wallows for reasons and I'm trying to offer some thoughts as to the reasons.

I do not short and am long this share and have been since the deal was first announced.. I do not want to add any more until deal completion, hopefully.

Ps: l sold another 10% of my holding today because I was hoping for better bottom line this year.. people were hoping for profitability for full year 2018 on this bb previously?

not least in its very cleverly wording..

It also shows a company that is doing its very best to re base in difficult circumstances and is defo. going in the right direction... BUT ...needs this SR buy in to be properly competitive in the medium term in a brutal sector.(imho)

Aside: Happy to stand corrected , but I still think the free equipment from SR for Ethiopia - suit jackets - new line is subject to the deal completing and is delivered after deal completion, if/when deal completes. That's my interpretation of the below, at least :

''The Ethiopian facility has existing capacity to produce up to 3,500 suit trousers per day. The addition of the new manufacturing equipment will form the base of a new production line to manufacture suit jackets which, together with an additional investment of approximately $1.5 million, will be capable of producing 500 suit jackets per day. The additional investment is expected to take place after the completion of the investment by Shandong Ruyi and the Company expects that the suit jacket line will be fully operative by the end of H1 2020. This will be the first stage of the Company's medium-term investment plans to increase the capacity of the Ethiopian facility to approximately 3,000 full suits per day using the remaining investment proceeds of $13.2 million from Shandong Ruyi (following the $3.3 million non-refundable payments already received by the Company).''

And if my interpretation is correct then I'm disappointed they're not more explicit about this.

Also, while I absolutely understand that the company is restructuring necessarily and well, the loss, is - and well understandable of the back of necessary change costs and likely in line with management expectations of course - bigger than 2017 and 2017 was widely accepted to be was not a good year for the co. financially.

Altogether, off the back of this good RNS, I'm reasonably convinced the deal will complete and would expect a big s/p rise here if/when it does, and I also see huge potential into the future thereafter.. if it doesn't complete I still see this s/p tanking .. hopefully it goes higher than current 1.4p ish in anticipation .. if no.. .7p it deal falls thru remains possible in my mind.. hopefully not, obviously, as I'm long this... but only now about half as long this as my peak long here..

thanks Rob. raising at those levels then has turned out to be very astute indeed by Mr Cross, in fairness.

This AIM sector is awfully out of favour with II's presently which makes things very tricky generally, alas. And II money inflow here is the best way for a good uptick/trend.. so here's hoping it's II money incrementally buying a decent stake that Buzz is smelling at the moment .. otherwise good s/p rise from here might still be hard gotten.

Also, given the current very low s/p , very good news if they don't raise anywhere near these levels.. as you say, the s/p can rise in anticipation of further good progress and then and only then should they raise, if needs be, and for crystal clear bottom line accreditive reason(s) only.

lots of buzzing from buzz here today.. steady there buzz :-) but I hear you here... somewhat at least..

I remember when this was 240p approx. 5 years ago.... they raised 20 odd m in 2015 but at a very creditable 120p ish too .. have they raised since? They may not have had which would be great.. and even if once more not bad versus others ! And 60m market cap allows room for pretty decent upside here too imho.. and strong balance sheet and cash and Mr Cross has a great track record and neighbours hopefully good news due too..

Has been a bit of a traders share in recent years though imho .. with selling in 60's and buying back lower and rinse and repeat.. so if it can get to 70's or especially if it can pass the three year high of 80's then a proper rerate can be said to be occurring here..

Fortunately, I've done nicely from afore mentioned trading of this but off back was down to only a small holding left here this year..but topped up on results recently and topped up again this morning.. and indeed would top up again at 65p and 70p.. if it gets there.. hopefully it does..

Fair enough workover (I got a quote for a couple of grands worth yesterday on Barclays Stockbrokers for PPC in morning and in afternoon at 6.9p.. no idea if same quote was available for larger size... instead of taking it I actually sold small at 6.8p instead.. I'm just fed up with it and so still selling down by increment .. but will stop selling it now as want to keep a small position... and would start adding back in 5's .. if it went there.. it may well not though..)

market is lukewarm at best on them, so far.. a pity.. but AIM the investor presentation tonight may help pick the s/p up ..AIM oilers is a brutal market at the moment too which is hindering here...

Generally, I like this co. now it has restructured balance sheet and see it progressing solidly forward from here.. real shame the government seems in no rush to reform the Supplemental Petroleum Tax as it said it would, though.. hopefully they do that sooner rather than later.. would get a good jump in s/p here if they did... big IF though..

So I'll not add and not sell at these levels either .. and retreat back into my hole..

are there are no big buys coming in around this early 6's p level, so far, does that mean you think the bottom is not here yet retour? Skyward from 5's p or 4'sp perhaps? I'm hoping no lower than 5's, worst case... and then something gives this a big push up.. here's hoping...

But you could have bought at 6.9p for much of today .. for smallish/small medium size perhaps granted..

many many raises over the last ten years has undermined PPC credibility.. and progress made versus money raised in that decade has, altogether, been very average .. but in the last year or two things have started to look a lot better there.. and IF they progress in 2019 like they did in 2018 then the s/p is defo. too low at 7p.. need to deliver well this year first though.. also sector is very unloved by II money for last year/two especially.. which is a killer generally..

I think? and it's finals.. so including the Investor evening an important few days coming here..and I have reasonably high hopes here.. I've held here for a fair few years but sold down plenty in profit in 20's p to a smallish position here now.. and that remaining position is a bit under water now but not a high priority for me..

Saw this listed on a Barclays Stockbrokers summary e-mail of results this week and so look in here now.. and I'm tempted to top up today but have decided I may as well wait for results tomorrow now..

A good medium term prospect this with solid fundamentals, not least financials after raising big to sort things out well ... all imho...Indeed, depending on tomorrow, some of what I've sold out of from PPC recently I might add to my position here..

here's hoping for tomorrow / good luck to all fellow holders !

Is that feedback from the Bird's mouth Thomas, and was he specific as to the end of which year?

would, in context, be reasonable progress here today imho..

today's news was of course welcome but bigger news can and hopefully will come here in coming months too... not least a punchy perf. payment to MTPH for the sold US business 2018 performance, hopefully.. and any inter-tradability arrangement between ADR's and AIM listed that starts up might help pull AIM price up somewhat.. and next trail set up progress etc including Asia progress....all hopefully..

news that causes a big rally in UK morning - ahead of US open - is what I'm really looking for here..

good w/e to all..

they did add 2019 after the Q2, at least..

but, they could have said end of April or end of May but no they just said Q2

This is a business in Nigeria, so by end Q2 would be a real result in my mind.

And of course this is farcical...

but versus Lekoil for eg things could be a lot worse here.. and might yet be... but I remain hopeful here..

a game of chance and the best thing a player can be is lucky

apologies, in case of confusion on my previous post, I meant help go up, instead of down