We would love to hear your thoughts about our site and services, please take our survey here.
Ant I am aware George Sztyk has just stepped down. Badgers post stated that Peter Sztyk was possibly still on payroll, and I replied that he did not seek election to the board after his retirement in November last year so what was he getting paid for.
RNS of 17/11/15 states that Peter Sztyk did not seek election to the board following his retirement by rotation. Why is he still on the payroll?
It will inspire more confidence than not buying at all. £20,000 is a decent purchase out of ones own pocket.
To vote at the EGM on 17 th June, is it a case of downloading the voting form and sending it completed to Computershare in Bristol, or to the registered offices in Jersey. Would appreciate a reply, have done this before but not for shares held within an ISA.
A share price of .175p gives PRS a market cap. of £1.615 million, less than half of the £3.5 million worth mentioned by Nick lee. Lack of newsflow does not help but PPG is doing well and a change of direction for NEW may help.
Nice 3 million buy this morning. Lack of news flow keeps the PI's guessing but at a current price of .175p PRS has a market cap. of £1,615,001. The quarterly report to 31/12/15 shows a cash balance of £464,570 which would have been confirmed by the raising of £300,000 on 24/11 and the sale of 25 million shares in PPG for £275,000 on 01/12/15, both after the purchase of NEW in September. The only acquisition since then was Alecto but this was a convertible loan. There have been 2 further sales in Metal Tiger since then for a total of £506,500 which would make the cash position around £971,070 which is quite healthy considering the suspension and possible RTO and rights issue in NEW. If one takes the remaining stake in PPG of 69,333,334 shares at the current price of 1.075p giving £745,333 and adding it to cash the PRS market cap. is more than covered, which gives a bit of scope for upside. Still waiting for the latest Quarterly update but Metal Tiger has gone from .88p at 31/12/15 to over 4p now and PRS still holding 14.2 million shares which will only increase its discount to NAV. Possibly waiting for flow rates from Aje and an update from MXO before publishing it.
In with the new. Reynolds and Lee know exactly what they want for long suffering shareholders and it is not oil. You have to trust what they are doing to EVENTUALLY clear out old management and get a new direction for the company in something more tangible. Money is lost so easily in oil exploration but Big Sofa has the potential to be much better.
Soon to reflect first quarter valuations. 4 trades today all buys.
The first 2 share trades of the day are buys and showing as sells.
Sorry meant at a cost of 100,000,000 PRS shares.
PRS holding in ALO of 433,501,250 shares @ .16p now worth £693,602. Not bad as it cost PRS 100,000 of their shares with no money changing hands.
took some more today as still looking undervalued
Prior to selling any MTR shares PRS had 26,977,675 shares in Metal Tiger. After the first 6 million share sell a TR-1 notification by MTR on 17th March said PRS holding was now 20,977,675. The TR-1 notification by MTR today stated that prior to selling 6,277,675 shares the PRS holding was 20,477,675 and they now held 14,200,000. They must have sold 500,000 between 17th March and 05th April as figures do not add up which is probably around £20,000 worth or it is a printing error or have I missed something. A lack of news here does not help these matters as we are depending on MTR who are very good at keeping shareholders updated.
AFF Afferro Mining GKP Gulf Keystone Petroleum POL Polo Resources