Member Info for PC01

The conversations on this board have a great deal of circularity! The optimists, the pessimists and I guess the realists! I stick by my view that the company has a great IP but to date has failed to in effect pin the nail on the donkey in the shape of substantially higher sales. The company is fully funded but as per others comments needs to prove it can grow - thus my view that actually it will get bought by a company with a proven track record...just my thoughts!

Sod the valuation report - it’s just a question of whether it’s squirrel on the barbq yo go with the Pinot Noir...who’s coming round?

I am 100% behind you Alaric...and thoroughly enjoy your aggressive repudiation of the nonsense spouted by some on here...I still remain unsure as to why non-investors want to spout arrant nonsense tho...there is no perceptible ‘short’ base...it’s a mystery!

Tardis / the co will buyback at the current SP and FX rate some 5.6% of the company. Unless u r worried about where the SP is in the very near future, it doesn’t actually matter how the buy bank happens. Just that - after they have spent $10mm - there will be a few less shares washing about.
If we r right and the company has turned a corner then those wanting to sell there shares to the company might want a higher price to sell their stock. It’s really as simple as that. STT and his fellow shorters (who would seem to be a shrinking band?) will need to be very sure of the negatives to maintain their position...I hope they don’t have to compete with the company for the shares! I like investing in co’s where the management think buying the shares back is the best use of excess capital.

Is this the real life
Is it just fantasy
Caught in a landslide
No escape from reality

My god - nowt as queer as folk. And Afamefuna - given I am more generously spirited than dear Alaric please tell me you haven’t actually spent any of your hard earned Nigerian $$ buying shares - in anything?! Because I’m not sure you should be...

Afamefune - you are good at the copy n paste machine I’ll give you that - What I think Alaric has asked is how did STT come to own the shares in SLE? Once you solve that easy question - and promise me it’s an easy one ...then the whole idiocy of the ridiculous anti SLE posturing becomes clear to see.
Anyone seen Sister 8? Been a while?

Pinot noir and cake - can’t wait!

First post for me - fwiw long higher up c 2.30 average ...to clarify the company will announce the day after it has bought shares how many it has bought and at what average price. It often also announces all the trades done for the very keen. I have thoroughly enjoyed reading the chats over the past few months. Watching The Sikh defend his short on here and other mediums - really you could at least change a few words surely?! - and being attacked left right and centre...the beauty of this game is we will all be judged by where the SP ends up tho I’d be c surprised if STT wasn’t covering part of his short knowing Tosca are an ongoing buyer and the company will shortly be on the bid! For me interesting opportunity deeply undervalued but subject to great scepticism given past trading performance...

Which will probably explain NY wee bounce as someone saw the report!

It’s not exactly rocket science tho is it - if SLE hasn’t so gloriously f*****d up in its previous incarnation the SP today would be closer to 50p I believe...and probs much higher. But so many have been burnt and badly so that I personally think it is quite understandable for natural caution to exist.

But as I posted all those months ago - this is SLE 2.0 like it or hate it...and 2019 holds much promise for those - fortunate I would agree - to be long down here and not at substantially higher levels.

And I have the added excitement of a case of decent kiwi Pinot to come from B7 at the end of Q1 if we are proven right!

Sorry tried to reply and for some reason it didn’t post - I think CPX is a fabulous LITTLE company...but despite a healthy looking balance sheet for said LITTLE company the current share price and value of GBP make it at extremely attractive target for someone with much more muscle and dare I say it ‘Savour Faire’...I cant see existing shareholders accepting anything under 20p...but I do believe the company is s prime target for anyone like looking to get a foothold in this market.

Hi Annie - the problem with this investment is - like a few of mine - the fear of missing out! I don’t think you are saying anything new - eg the company starts to need to make some ££...the reason we are trading at 8p is a mixture of broad mkt malaise / aim mkt malaise / small illiquid stock malaise...but we know the recent fund raising was done not just for shits and giggles but to meet demand...as I told Kencarv in a separate email (after we’d kissed and made up) the company wanted to raise £3mm at 9p but the bid for that size was much lower...thus £1.75mm at 8.5p. I think we should assume the order book looks pretty decent but if you are expecting 2019 to be the year when the co actually makes a pretax profit then I fear you will be disappointed...that said and as per previous posts I think we are close to the lows - there maybe one more shakeout to unsettle the nerves but I stick to my view that it will reach 20p this year.

Sorry MM - in Oz and NZ for the winter so not kèepjng up with all that is posted! Yes a horrid dilution that wiped out earlier investors....and thus why many thin k this is a company that can never deliver. You are also right 're Eroton cash flows, thus why there was a degree of excitement last week when SLE said that Eroton was allmost fully paid up.
Net result - company valued at cash in bank and future loan repayments. Any Eroton payments or God forbid actual oil generated cash flows might actuallycause the SP to bounce....oh and the fact that the company will be spending some of those loan repayments to buyback a few shares...HNY all...and fingers xed!

It's Friday night in Auckland. It's been a tricky year for all investors...not just those of us fascinated with CPX but all mkts. BITCOIN and all cryptos have lost 70%...generic stocks are 10-20% lower ....and we have a lovely little company that is fully funded and stands on the edge of profitability. I do - despite everything I have suggested - believe we will see a 20p print next year. But we can't ignore the generic bearishness that exists in all markets that saps at your confidence..as suggested a few weeks ago..and used the words God forbid...we might be able to buy stock at 6p in the coming few weeks. But be brave friends....there is a whole gamut of good news on its way. Best of luck and a HNY to you all, trolls n all!

I don't need to add more to your comments Alaric....but I will. If the company's investments in Eroton and Barryroe are truly worthless then SLE is +/- about the right price. It's truly as simple as that. If there is any value in these investments we should trade higher. The fact that the company is going to buy back 'at least' $10mm in stock in January and has other plans to return capital to shareholders suggests we might trade better.
Thus my bet with B7....acknowledged...do have some LB 2005 IN THE CELLAR....but I think Kiwi Pinot hits the spot...

Now if the Fed can stop hiking and OPEC sort out oil then all would be good!

With the confirmation that STT is no longer holding stock can we agree that we can put that piece of lunacy to bed?

My question is - what’s happened to B7 and the care of good kiwi Pinot I offered him at 25p b/e...he could’ve had the decency to accept! Ho hum!

Whilst v optimistic and v long SLE stock - currently on the gauge at ‘ouch’...life and the SP might travel easier if oil could find a floor and stock mkts stop collapsing!

And where’s our new Nigerian friend gone?

Haven’t posted for a while...little it seems to report other than the constant abuse that exists on here whenever the share price has the temerity to fall. As per many previous posts, in a bear mkt (in which we exist at the moment) shares remain highly correlated with other assets that decline in value...CPX is and will be no different...the SP lives below all 3 moving averages of importance (20, 50 and 200 day)...so momentum is lower...today may be the bottom, more likely it isn’t...what will put a bottom in place is concrete news of ££ earned.
As per previous posts of mine, you need to have patience in this game...not days n weeks but months and years...for some of you CPX already qualifies under the ‘years’ category...I’m about 18 months in myself...allow we can console ourselves with is the company is fully funded to enable it to meet increasing demand for its products. When it can confirm that the demand is sufficient for it to actually (splitting infinitives) post a real profit, then we can sit back and enjoy the ride...so first, let’s get the good news, secondly lets get the SP above rather than below the moving averages so that momentum is supportative and then we can all relax. Until then, i strongly suggest for sanity sake you stop watching every trade and second guessing what each buy n sell might be. Good luck all from about 12000 miles away!

Its a very good Q BS...which is why we continue to wonder what is really going on behind said scenes...there is a buyer...hurrah...equally there's been plenty of stock for sale...as you say, if the only tangible asset SLE has for the foreseeable is the quarterly loan...well i guess its more valuable in our bank a/c than in the quarterly sweepstake...but I like Alaric's prognosis / idea of a reverse take-over...makes sense for many reasons (overseas listing notwithstanding)...

It is all rather predictable - ugly markets (not sure Brexit has anything to do with CPX's fortunes by the way) despite a turnaround on Wall St yesterday...the problem with demanding regular updates is the board don't have anything new to comment on...because - technically - we are now trading below 20, 50 and 200 day moving averages, it means the share has to climb above 10.5p before momentum would turn positive...which might seem daft to some but is very important for the short term outlook of the SP performance. I would suggest to all - as I have frequently done - if you are comfortable with the direction of travel, you know the company is fully funded then whether we trade at 8, 7 or god forbid 6p in the short term actually makes not a jot of difference. There patently isn't a buyer looking to hoover stock up but AUD$3mm of buyers were found to do the placing. So market-makers will do what they do best, move the price to a clearing level where buyers are found...it might be one of us who thinks its got too cheap, it might be a new buyer. but unless there is a fundamental change in the narrative, then we have nothing to fear. Only when the narrative changes and the market can judge that CPX will turn a profit will the SP recover. I remain extremely optimistic and way too long!

Well the 2 main ones are obv Tosca and The Capital group (large US fund manager)...so to re-explain...say for simplicity sake Capital has $100mm in assets in the fund that owns SLE...and that fund has $1mm in SLE...and shareholder X says I want to sell my holding in the fund...to keep the same weighting in SLE, the fund would need to sell 1% of all their holdings...in this case 10k of SLE ...and the reverse is also true...if the fund gets in-flows...its only if Tosca or Capital decides they want to increase or decrease their holdings would they just buy or sell SLE on any given cashflow...and this happens across the entire market on every given day...so the selling of the past few days - in answer to S8's cry 'who's bloody selling' - is it could be anyone with a view (eg S8 or B7 or me) or it might just be every day cash flows...capice? What we do know, is there aint no buying occurring as oil continues to slide...and the company still hasnt released guidance as to what its doing with its growing cashpile...

I think I can answer that - even if S8 you won’t say if you wished you were short rather than long! Every fund manager who has invested in SLE - and I mean fund not private client - will have daily cash flows...people buying into his fund or selling it..it would not be impossible for Tosca or any other fund manager with a position in SLE to have an outflow of s certain amazing amount of units that requires them to sell the underlying stock.
In days and markets like this, investors often need to raise cash...there is so little buying of any oil stock given its daily 3% declines (!) so any selling depresses the price.
In the absence of news down we go...painful ? Yes...end of world ? No... Patience as ever ...