Member Info for oldtimer

Just what is going on with vog?
The city and all know that vog need another placing for £20m - £30m or even £40m to stay afloat for another 6months – 1 year but they must be finding it very tuff to get another placing away.
After knowing the current financial state that vog is now in, it must be very difficult to find enough / big investors to pump money in without a full guarantee that they have a new eneo contract in the bag, otherwise they would be just pumping good money down the drain.
Also eneo may be ready to sign a new contract with vog but are not yet willing to do so until vog can guarantee they have enough cash / reserves so they won’t go bust and leave eneo without gas.
Just imagine being a fly on the wall in vog H/Office
The longer Foo makes everyone wait the more worried they will be.

Pipe dream, we haven't signed up 25 customers in the last 3-4 years when we had the money and the will to do it .
What have vog signed up in the last year? 1-4 if we are lucky and that's not taking into account how many customers have left.
They have spent about £400m laying pipes but 25 new customers that's just pipe dreams again.

In my view the rns had too much information in it and was far too technical and far too complicated that the shareholders and the city thought the company must be hiding something, and as such many sold up or thought they would get out before **** hit the fan.
To be honest you really had to read the whole lot to make any sense and to find out or come to the conclusion that they found enough gas to do anything with.
Give it a few days and maybe the sp will turn round and go up.

You may have been playing the market for years like many of the vog investors, but if you have been following the vog post board for the last 6-10 years you may have noticed that many here have invested very large sums of money over that period of time.
And if anything many on here are only trying to pass on some of the many bad things that have happened and would not want any new investors to suffer the same problem. But do find it funny that someone who has just invested in this company seems to know everything.

Lots of big buys coming in over the last few days.

Why the sp rise / have we turned the corner?
come on 15p by results day !!!!!!

Sugar, I think the market was hoping for oil and not gas.
But this is still progress and the sp should be going up more, can only wait and see.

Wow such wisdom from a new vog poster that posted their first post on vog this monday.
So we take it that you have just invested at about the 28p-30p mark hoping for great results.
Well in the last rns Foo stated bank debt at $18m, NO more credit available, NO more loans available to draw on and almost NO cash in the bank to run the business.
Looks like the only way out of this even if vog get the new eneo contract which they would have to wait at least 30 days for any payment, is another placing.
Well with debt and running costs that would mean what £20m-£30m cash needed to get vog through the next 6 months. So is it 2 for 1 at 20p or even less say 10p-15p.
Now how are you going to feel after paying 28- -30p, still you can easy put it down to a tax loss against something else.

I think the bod's are happy to keep the sp around the 9p- 10p until results, remember we have a new CFO and she is now in charge and probably crafty and will want to be able to buy in very large quantities at a very low price or get options at this price on results day or the day after.
Is it possible for the bod's to buy in large the day before the results but hold the notifycation until the day of resultsNow that would be crafty.

Yes if Foo is so confident then why doesn't he take the company private by buying out all the shareholders for £1,
then he can have even better royalties.

With almost double sells to buys today this has more to fall and we could still get to 30p before it rises again next year.

Now if they announce a new eneo contract and a new placing at 15p-20p and raise another £20m - £30m that G/tees their future I might well buy back in at 15p-20p.

Vog may well get a new eneo contract in the next few weeks but that is not the most important action needed.
If there is another contract and it starts in Nov / Dec then vog will not get paid for the gas until at least 30 days and probably more by which time they will be out of cash.
The most important train coming down the tracks and will hit the buffers is another placing, and to carry the business on it will need to be within then next few weeks or pop.
How are the new investors going to feel after just buying in at about 29p -35p when a 2 for 1 at say 15p -20p for
350m - 500m new shares hits . dissapointed or what.

Some must be playing games with all these 2 share buys / sells

Is 30p coming soon ?
This was my question on 9 th Oct. !!!!

now in the 40's

I am surprised this stock hasn't yet been a target for the shorter's. It's in a classic position to be driven down to bust by the shorter's on the sp side just like the company has been on the going concern side.
Or is it just a matter of time.?

Today posted very good sales and just goes to show that people haven't run out of money and are happy to spend on the right products at the right price.
Now debs already has a large slice of it's sales on line and they will continue to grow business on line and in their stores providing they stock the right products at the right price.
With total retail sales in the uk up in the last few months, just maybe things are looking better al round.

The Mail today has a small article about mince pies and says the brit's have already spent £3m on mince pies in September alone, and months before the big Christmas sales time.
Now pfd make many mince pies branded and own/ label, so let's hope we have picked up a big share of these sales already.

Whatever happens to the government and elections really has nothing to do with the good running of a company.
Over the last 8-10 years Foo & Co have not kept the shareholders up to speed with what’s been going on, they have not told the truth or with held the truth about spend and projections for years.
The company seem to have made multiple bad decisions and projections of the number of customers awaiting gas and gas usage.
Countless cash raising / dilutions to shareholder values while still taking very large salaries / royalties / share options etc.
Vog must have spent £300m- £400m laying a pipeline and building plants etc. to a position today where the company MC is worth what £40m.
The latest concern is not the new eneo contract that might or might not come off, it’s the fact that they have run out of money, have £18m of debt and have no new banking loan agreement to draw on and have said last week that they are concerned about being able to carry on as a going concern.
So it now looks like the only way forward is to raise more money by another placing, and with the commitments they have plus running costs and debt.
They would need to raise another £20m - £30m on maybe 2 for 1 at 20p.
Some new investors may have bought in here in the last few weeks at 28p- 35p but if they do have another placing the sp could be 20p+ within weeks. If that happens you must be prepared to wait a long time just to get your money back. Just like many did 6-8 years ago.

Everyone that is still in this want the situation to improve and want to share price to go back to £1.60 - £2.50 where many long term shareholders need it to be to get their money back.
But if things haven’t got any better after 8-10 years what makes them think it will now.

It's great to see that Schroders and Brandes have both increased their holdings in the last week or so.
Now they wouldn't be doing that if they thought Debs was going under.