Member Info for NoQuestionMarks

FRES are the perfect stock to hold as a hedge against a market downturn AND given the lowly valuation can also prosper if markets move up.
Anyone who bought sub 650p will do very well

Mid hill wind farm have been trying to get planning permission for another 10 turbines as an addition to the 33 already in place.
From what I can gather they have been unsuccessful so far
https://fredolsenrenewables.com/windfarm-collection/united-kingdom/fetteresso/

Two thirds of Egypt production is Gas.
Cairn/Deltic Licences are mainly gas prospects.
Jaws/Diadem are looking to add barrels to extend the life of existing infrastructure.
IMHO the company is positioning itself to do exactly what you suggest.

Shareprice up 8% in the past month and 25% in the past six months.
Share buyback kicks in if we dip under 200p.
A line in the sand at 200p appears to have been drawn.
Once the GOI money lands and tender offer passes I expect that baseline to lift 20-30% to say 250p supported by the $200m buyback funds.

Update from ASML on the 19th of Jan stated the impact would not be significant.
The machines are in such demand that customers are accepting the machines prior to their factory acceptance tests (FATS) This helps ASML to manufacture as quickly as possible.
The FATS are carried out on customer premises once delivered and installed. With no real competition ASML have lithography sewn up.
DUV=Deep ultraviolet lithography
EUV= Extreme ultraviolet lithography
"Also, as we reported earlier in January, we had a fire just after the new year inside a part of our factory in
Berlin. The fire was extinguished during the night and fortunately no persons were injured during this
incident. The fire occurred in a part of one production building on the site in Berlin and the smoke partly
impacted an adjacent building. We have been able to resume production in parts of these buildings already.
The other buildings on the site have not been affected and are fully operational. The manufacturing of DUV
components has been restarted. And although there was some disruption regarding components for DUV,
we expect to remediate this in such a way that it will not affect our output and revenue plan for DUV. As to
EUV, the fire affected part of the production area of the wafer clamp, which is a module in our EUV
systems. Based on our current insights, we believe we can manage the consequences of this fire without
significant impact on our EUV system output for 2022. All in all, while this was a very unfortunate event, we
are optimistic about the current situation and are very grateful for the enormous efforts and creativity of our
ASML Berlin staff."

I think our future could well lie in The Matrix...
NEO own 30% of Skerryvore after buying out Zennor petroleum. They are also assessing the viability of redeveloping the neighbouring Affleck llicence.
They have a minority 5% interest in the Scott platform and are committed to breathing new life into the UK continental shelf.
If they came knocking I would look to spinout the oil part of our ops whilst retaining the producing gas and renewables parts for ourselves.

The company that makes some of the machines that make the computer chips goes up in smoke...
htttps://www.newscientist.com/article/2303316-fire-at-vital-tech-factory-could-worsen-global-computer-chip-shortage/

TheLuckyPin,
Just my guess but I think BofA look to be closing their swaps. Here's an intro.
https://www.investopedia.com/articles/optioninvestor/07/swaps.asp
SocGen held around 3.8% in early January and are notifying their holding has now increased above 5%.
Good luck

Finger hit the 'Post message' button by accident, sorry!
All I was going to add was that the portfolio is evolving into one that the managers can call their own.
Tim Creed is pretty well respected on the private side and comes across really well (in my opinion)
It is too early to judge Roger.
Atom looking to IPO in a year or three.
Rutherford... a coin toss.

Clearing the debt was the number one priority, which with the thanks of a few of Neil's picks working out, has been achieved far quicker than I had expected.
Since May 2021 the managers have made five investments on the private side
Tessian $6.75m Series C
Revolut $13.75m Series E
Attest $7m Series B
Ada Health €11.8m Series B
Back Market €12m Series E

Hi robs12,
Thanks for the info regarding the land lease, I will take your word for it
Do you know, is the land leased simply the land granted planning permission or is it the land bordered in blue on the attached plan?
https://drive.google.com/file/d/1T4vbDp5syR9LkEN9NReJtKKIRUBVhkHe/view?usp=drivesdk

danbaker0202,
In an earlier post you wrote that parkmead only own the turbines and not the land.
Could you enlighten me please?

Good point SOTB, it should certainly help in our dealings with the OGA.
Tom sounded bullish in the interview, he was quoted
saying “My team, we own between us almost 30 per cent of the company. This is our own money we are investing alongside other shareholders. We are doing this for the future.”

There is a piece in today's Financial Times by Nathalie Thomas.
She highlights how rare it is for a small cap oil and gas company to balance its portfolio like a major.

For those interested in doing their own research.
You can find the planning application on the planning section of the Aberdeenshire Council website.
Search for APP/2013/1250.
The application was initially refused in 2014 before being allowed on appeal by the local review body in November 2014.
https://upa.aberdeenshire.gov.uk/online-applications/search.do?action=weeklyList

ESG money will be very welcome, and needed if we are able to scale up Kempstone Hill and gain permission for a Mid Hill extension at Pitreadie.
"Furthermore, the Board believes that, as an established wind farm already connected to the grid, the Group will benefit from Kempstone Hill's established relationships and expertise as it looks to advance the opportunities within the Group's existing renewable energy developments"

Looks like a winner to me.
Potential for expansion/upgrade
Foothold into the Aberdeenshire wind industry
Steady revenue
Good road access.
Well done PMG.
https://www.thewindpower.net/windfarm_en_30747_kempstone-hill-(resubmission).php

This reminds me of the desperate posts on the Shell boards back in March of 2020.
I was picking up shares at £9 to £11 amid the doom and gloom of "oil is finished" and "when it hits £5 I'll look again"
The price of silver is only going one way once EV and Solar PV production ramps up again.
620p-650p may or may not be the bottom but I am sure that in a five year time frame that investment will yield a 50% to 100% return.
In my humble opinion.

During the Web conference in October Tim Creed was asked whether Schroders had considered buying SUPP shares with monies from the fund.
He said it had been considered and is always on the table. He said if the shareprice got completely out of whack with the NAV they would seriously consider it.
They must be seriously considering it I would have thought?

I notice that we don't appear to have bought any shares back yesterday.
From the initiation of the buyback in November our shareprice has been under £2.
My guess is that £2 was the upper limit set by Capricorn, a smart move.
The buyback ends no later than the 31st of Jan, then the real one can begin!
Onwards and upwards.
£3 by Christmas.