Member Info for oldtimer

Hi Barry,

Correct, we thought Eneo were imminent because that is what they told us. Still at it! Frustrating though…

Regards

Kevin



Kevin Foo

Chairman

Victoria Oil and Gas Plc

Hatfield House, 52-54 Stamford Street,

London, SE1 9LX

United Kingdom

Tel: +44 207 921 8820

www.victoriaoilandgas.com

Debenhams will issue preliminary results on 25 October 2018. Subject to audit, we expect to report pre-exceptional pre-tax profit for FY2018 of around £33m, within the current market range of £31m to £36.5m1, and EBITDA of around £157m. Consistent with our focus on managing cost and cash generation, we anticipate year end net debt will be approximately £320m, in line with guidance and retaining significant headroom on our £520m medium term facilities. We have continued to strengthen our financial position, including increasing headroom on our fixed charge covenant as announced on 1 August 2018, in order to give us comfortable liquidity through the peak borrowing period, ensuring maximum flexibility amidst volatile market trading conditions. The early weeks of the new season have shown more positive trends and any sustained upturn would result in a rebound in our profit performance.

I don't know what more the bod's can do now, they have already come out and trashed the fake news and given a good rns about how much we are still on guidelines and what the profit is likely to be.
We should still make approx £33m against what John Lewis on £1.2m profit.
We only have a few more weeks until full results and maybe news on sale of assets but the shorter's just want to kill the company.

Good god banjo I do feel sorry for you , it's just a bit of banta.
Who knows what's going on the shareholders don't.
This is a very worrying time again for all vog shareholders and many have concerns about our future"
this is very true for anyone that's been in here for the last 3-8 years, I know you think vog is doing a great job but I bet 99.5% of shareholders don't think they are.
Instead of all that A*** licking just come up with a few ideas of your own, that might at least give us a laugh.

So why does Peel hunt have such a downer on Foot, is it personal with one of the directors or what.
When this company launched last year the mm / market must have come up with a reasonable launch / list price of £1.60. Since then they have done so so but not to reduce the companies prospects and sp to 22p.
Did Peel hunt try to be their brokers but turned down for some reason and PH have got the hump or what.

I don't expect to get a reply but if I do I will post it.

This is a very worrying time again for all vog shareholders and many have concerns about our future, so when some 4 weeks ago on video you said we would be back up and running with our new eneo contracts in 2 weeks we all thought we have turned the corner.
But now some 4 weeks have passed, No new eneo contract and our bod’s are again still silent on what is really going on.
If things are still moving in the right direction then that’s great but without some sort of up-date you are again starting to have your credibility questioned and we wouldn’t want that would we.

Foo hasn't kept to his word for the last 8-10 years so why would he start now.
I think I will send another email asking why he has let us down again.

Well no one expected an rns yet did they?
Vog are still working on the takeover price they will accept, and once vog announce the new 5 year power contract eneo Naturelgaz Sanayi ve Ticaret A.S. ("Naturelgaz"), will announce their takeover price at £1.30.
So we might as well wait just a little longer and get the lot done in one go.
They might already have 20% so they only need the other 80%. Iam a yes with that.

So with about 63% of the company being held by the family and with them paying £2 a share at launch there should be some consolation in that they should NOT be selling at this ridiculous price.
It does seem strange though that for this share launch there doesn't seem to be any institutions holding any / much stock. anyone know why?

Hi HeresHopin and thanks for the confirmation, which is what I thought, the 12 months is up on 2 nd Nov so not long now.
So what is stopping the family from buying another 5-10% and then taking complete control and take it back private.
At this price or anything from 30p to 60p is a steel and could be worth 3 - 4 x that in 6 -12 months.
I just hope they don't move before the sp gets back to 90p but I know what I would be doing in their position .

Going by Interactive J Wardle has 34.60%
C Nesbit has 20.6%
T Makin has 19.20%
I am not 100% sure if all these 3 are within the same family but I am sure a number of others have said that the family still own about 60% of the company.
My point is that if Foot are still on for being such a good bet 6-12 months down the line why don't the main holders make a move at this silly / bargain price to buy another 15% making the 75% required and take Foot private again.
Could be worth millions in 12 months.
I am in here at about 90p but if I were the main holders I think I would try to buy up to 75% at what 55p- 65- now.
Any thoughts?

Goodness is that steam coming out your ears, there are many worst things in life than the stock market.
We all make money on shares over time but we also lose money over times and when you have experienced losing say £20k - £50k on shares you just come to terms with it and move on.
Just make to most out of life and live as well as you can without ranting and rageing all the time, it doesn’t become you, or does it.

Every time I read one of your posts I can’t help feeling sorry for you, you come across as a very bitter person full of anger and ready to have a go at anything that sets you off.
Life is far too short for this sort of lifestyle and reaction, just try to relax and let much more go over your head otherwise you give the impression that you will be having a heart attack or stroke very soon, and no one wants that do they.

Big article in the mail today about how well morrisons are doing with strongest sales for a decade.
It also says that they will be selling mince pies this year with 5 times the alcohol in than last year, they should go down
very well.
My question is do pfd make morrison's own lable mince pies?
does anyone who works at pfd know that ?

It's sometimes worth compareing different retailers problems with their management ways of sorting the same problems. HoF / Debs / J lewis / fennicks / harrods/ carpet right/ mothercare, all have the same problems and I am sure they all watch each other and copy some ideas to some extent.
Who will come out in the best position and making more profit by reducing what overheads.

It does seem strange that this has fallen from £2+ to 80p and now to 30p and the bod's have not once come out and tried to support the sp, why NOT so what's going on.?

J.Lewis partnership which is both waitrose food stores and J Lewis stores department stores, which has made only £1.2m profit in the last 6 months or Debs which has just stated that although they have already issued a profits warning they are still on guidelines to make approx £33m.
Debs seem to be slightly ahead of the game with discussions with landlords to reduce rents, looking at closing a few stores and already trying to sell some assets.
I think I would rather be in Debs for the next 6 months.

If SD are / have already discussed a possible takeover of Debs you would have thought they might as well bid now with the sp so low rather than wait another 3-6 months when they will have to pay a lot more. But I guess for us long termers it might pay to sit tight and get a better deal.

I have thought and said for a few months now that once the sp gets above 13p many buyers will start to pile in knowing debs is more or less safe and on guidelines, so expect the sp move up to 20p-30p before the final results are out and possibly more to 40p-50p once they announce the sale of some assets for say £200m.