Member Info for PatShare

@Latorre1690

London buses in Wales? Sounds like a terrible business idea, definitely NOT something I'd invest in :-) and I've made some frankly terrible investing decisions due to my own naivety!!

Hopefully HE1 isn't one of them.

Amazing 'detective work' all round by the way, I honestly don't know how some of you manage it or even have the time it must take to find it, I certainly don't. Still, saves me a job so thank you all for your efforts and posts.

Some big volumes showing as 'unknown' trades here today, over 15.5 million shares so far, looking at the price guessing buys?
If that's down to Investec it will be really interesting to see Monday's RNS and if it has any effect on the SP.

Clearly yesterday's last minute big buys were Investec as we suspected, a further 6,756,572 shares bought back!
Total now 32,640,740, about 23.3% of target.
At this rate - just over 2M a day - they could approach the 140M mark within 50 days.
Onwards & upwards from here with any luck.

Just seen that Bigwil7, has to be Investec mopping up surely.
I'll do an update in the morning, see where we are then.
Has to be a firm 16p tomorrow surely.

Hi Bigwil7, guessing you mean 18p not 18%?

Yes, it looks that way to me, I think they will reach their goal of closing the discount gap well before they have bought back anything like 140M shares.

Further investing should help and if they re-brand like zoolook suggests to more accurately reflect their raison d'etre then that could help too.

Looks like we backed a winner!

Hi zoolook, yes, that would make sense, I see what you are saying now.

I think that's right, the buyback will close the discount gap and further shrewd investing will drive the SP above 19p.

In the context of the August 2023 deadline to complete the buyback then they have done well to mop up almost a fifth already, maybe now as slow as it first appears.

Not sure about renaming/rebranding, at least they don't need to worry about renaming a fleet of lorries!!

Hi Leedsman,

Hmm.... I really don't know but somehow I expect not; they only said they would buy back 'up to' 20% of the shares in issue i.e. 140 million, so presumably they will stop buying back when the SP gets to around 19p. In that scenario they shouldn't need to pay more than 19p but who knows?
I suspect we'll mostly all be happy to get to 18-19p then re-evaluate this investment. A lot will depend on what else they choose to invest in or begin paying dividends.
Happy to update, not sure if much help but good to see how the buyback is going.

Just as a caveat to that, clearly a lot of investors also choosing to 'exit at a fair price' so the volumes sold outweighing buys including any that Investec are trying to buyback, so a bit 2 steps forward 1 step back each day I think.

I will continue to hold and keep watching & waiting on this one.

Hi pennytrader, no, good question but asking the wrong person as I'm pretty new to all this and just applying 'patshare logic' to everything!.
However.... I think you answered your own question; the c7.5% increase in the CareTech SP is only c7.5% of the £6.33M that LDG/DBay have invested from their £134M cash pot so a minor positive effect, and the buyback is only at 18.5% of the full target amount, so yes, I think you are expecting too much too soon.
The buyback alone should get the SP to around 19p but as we can already see this is going to be a long & slow process with the odd hitch along the way, and obviously any market jitters around Ukraine and wider global issues could affect this regardless.
On the plus side the bulk of LDG's asset is still cash and the investment in CareTech seems a wise one, so right now about a safe an investment as you can get (IMO) and should rise slowly but steadily from here, and that is probably all we can ask for.
Better than the alternative like the rest of my portfolio!

A further 481,469 shares bought back, total now 25,884,168, about 18.49% of target.

SP creeping slowly - but surely - towards 16p, and beyond hopefully.

LDG's investment in CareTech - @ £6.33 - now trading @ £6.81.

All good here.

@Dai2belts - I'd like an Aston Martin too, or just to be able to retire in a few years and not have to worry about whether I can heat my house or not. That's the difference a good pay day from HE1 will make to me, retire early and keep the gas on!
:-)
Or get some solar panels and be greener.

Ok, just used my lunch hour to watch Monday's AGM on YouTube.
IMO it didn't seem as bad as some have made it out to be and I think the market reaction has been harsh, but then I guess that's the nature of the market, quick to condemn the slightest stumble. So fickle.
They seem determined to drill this year so hopefully the 'Houston containerised rig solution' will work out; clearly they had problems securing a rig in Africa due to demand. The upside - more time to evaluate the data and pick the sweet spot(s) to drill.
They clearly state they are looking at various options to raise funds as/when needed, not necessarily via the 200M placing, and also state their primary goal re. funding is to protect existing shareholders as much as possible and not devalue the SP. That sounds fair enough, I don't think we could ask for more.
As per my previous mail re. DM's 'nervousness', I think he did really well considering his speech impediment; not easy to listen to at times but hats off to him I say.
Let's hope for positive news soon, then the fickle markets can over-react again and give us all a decent profit!

I haven't seen the AGM presentation yet but from previous I can see that DM clearly has a speech impediment. From personal experience any - and I mean any - level of stress or anxiety can only make this worse.
The fact he is clearly a very intelligent man and has got to where he is now shows this hasn't held him back, and that he is prepared to appear at AGM's and in interviews I think speaks volumes and for that alone I am be proud of him.
Everyone will be proud of him when - not if - they make the helium discovery they know is there by drilling in just the right spot, non one will be slating him then.
Re. a possible takeover, no idea. From what DM has said before I wouldn't think so as they want the glory of discovery and production, but there has been a lot of speculation on here about a joint venture at some point. Who knows?
Right now I'd be happy to see the SP recover to 11p. The market reaction to the AGM has been frightening.

A further 279,469 bought back, total now 25,402,699, about 18.14% of target.

A further 481,209 shares bought back, total now 25,123,230, just under 18%.
A long way to go.......

@Porky9 03:54
And me - a novice!
If I can understand some of this and why things happen (and when) then I must be doing something right.
I'm just reading and assessing what I see, checking facts where possible (but struggle with the technical stuff) and applying my own logic.
And trying not to look too silly or get harangued by other posters on here, like some who are just rude frankly.
The AGM news was a bit disappointing, was hoping for more, but I didn't think it was negative.
I still have faith in DM & Co, amazing how his name becomes mud (ironic) as soon as something hasn't happened that everyone expected when the world is such a complicated and turbulent place.
We'll get there, just might take a little longer than we all hoped.

The wording of Special Resolution 5 for the possible issue of 200M shares is interesting - it gives the Directors authority to "exercise all the powers of the Company to allot up to 200,000,000 equity shares in the Company (representing
approximately 32% of the issued share capital) for cash or to grant rights to subscribe for, or to
convert any securities into, shares in the Company provided that such authority shall expire (unless
previously renewed, varied or revoked) on the date of the next Annual General Meeting".
I read that to mean that if they didn't get this approved now and ran out of working capital before the next AGM they'd be screwed; having it approved now means they can exercise that option if the need arises within the next 12 months.
That has to be a good thing, no? Until they get discovery then production they have zero income, only expenses, so without a fundraise option it would be game over and then we'd all be screwed too.
I don't believe anyone is trying to rip us off, this is just the nature of the high risk exploration game we have invested in.
I have faith and trust the HE1 Board to achieve their goal, or at least do their best to.
Let's hope they succeed. It's all we can do.

Oops, was replying to notorious_uk, my apologies BlasterC.
In reply to your post, are there any secure investments at the moment?!!
LDG currently my best performer and propping up my portfolio as I've said before, so relieved I was invested here when it all went pear-shaped.

Exactly BlasterC, DBay seem to have a good reputation for investing and making money so looking good here. As I said, the NAV likely to increase the more they invest, with any luck, so the SP should increase likewise.
Anything north of 20p would give most investors a very nice return indeed, but also not forgetting that the change to investment strategy also included the paying of dividends so that could be a good reason to hold long(er) term too.