Member Info for persimmon

'They seek him here they seek him there they seek him everywhere' Where is that damned elusive Simon_said ?

PDMSPiper........You will know that everyone has their own methods of how they hope to make money. Some invest in the medium to long term, whilst others play the market by trading. The smaller Pi's do it on a smaller basis, when the II's do it it's flipping. And yes that goes on here for sure. Personally for me this business at present is for trading on a 'as and when' basis. If the s.p drops more I will be in again and have a target price to get out. ChrisHutch is not going to move the market on his own, and his influence over others I suspect is negligible.

Chris, I hope you will not stop posting just because someone (wrongly in my opinion) took offence at one posting. I think if that person actually knew how much good information you have given to this site over the years he would probably think differently. We all can get upset when losses start to mount, I have been there; people have various ways in dealing with it. Keep up the good work. G.L P

Struck not stuck

Hi Guys, I think a visit to the Companies House web site may be good for some. Rathlin Energy whose parent was Connaught was stuck off the Gazette register November 2019 (last month). Stephen Williams as not a director of that company. Rathlin (UK) Limited has one named Stephen Williams on board as a director. Hope this is of use to some. Have a great evening.

Negative Chris, I'm keeping my finger well way from the buy button presently on this one.

Uggy100....you are spot on. The BOD at the very least by the end of January should release gross and net figures for the previous 6 month period for its Californian oil and gas producing projects. As more wells are forecast to be brought on line during that period then extrapolated figures of expected gross and net should also be released. Failure to release these details will only damage the Intergrity (yes that's the perfect name for these assets) further. G.L all, and Chris I sincerely hope your averaging down works out well.

No Chris, I haven't been to any RBD AGM's. If I were to go should I buy back in that would be doubtful as I would not go 'overboard' with this company. However I would advise anyone who is heavily involved should bring the matter up. It does do some good if a number of investors make the BOD aware of their displeasure by voting against proposed remuneration packages for instance. That I have seen in recent months.

How many of you are happy with director's Stephen Williams remuneration package which is almost 3x the industry average given its market cap, and lack of foreseeable profitability, and do you think it should be brought up at the next AGM? And If you are happy for the present situation to carry on its present trend. reason/s why please.

Adrian....I see you have a strong buy opinion. Very best to you my friend. But if you think a few 'nodding donkeys' on the west coast of the USA will make much difference you are sadly deluded.

adoubleuk......I think I know exactly how you feel. I did a great deal of research on RBD nearly a couple of years ago. I finally sold @ 1p making a profit of 80%. I am not bragging either for I have been on the losing side also. Initially I saw this as a possible medium term investment but as matters progressed my outlook changed. I now see this as a purely trading venture, and although out at present a 0.7p per share may tempt me back. S & S are now pulling many hundreds of thousands of pounds a year from the business while the business is not making money. This is excessive in my opinion. Every RNS is 'jam tomorrow'. In my humble opinion if W.N is not announced to be a great success, then I fear for P.I's in the longer term. Remember the directors always have a head start, and if matters do go sour they nearly always come out on the right side financially, that's the nature of the beast. G.L to you and all still in here. I await the flac from those with blinkers on.

adouble.....why then were RBD waiting for ages for The business minister to ok Colter?

PDMSPiper.....999 would be even worse. Regarding Oil and Gas. There will be no more major decisions made now until after the election. Greg Clarke the Business secretary and Tory traitor has been rightfully kicked out and a new person will have to be appointed. That will probably delay any meaningful decisions until the New Year, to allow someone new to get 'bedded in'.

Francobrett "you should never disclose your position or people won't take your blogging seriously"

Oh contraire !

Chris, I am out at present and taking lessons of being a mugwump from Jeremy Corbyn. More seriously I am again looking at involvement again after buying in @ 0.59 and selling for 1.0p months ago. It will be to trade though, not as a long term holder.

Francobrett... Direct from the London South East Website.....I rest my case

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Definition.......a website containing a writer's or group of writers' own experiences, observations, opinions, etc.,
francobrett.......what is your 'elevated status then' then lol ?

True, forget all the betting pundits regarding the upcoming election. If the financial markets see a Hard left Labour outfit getting near to the levers of power then we will see a massive drop off in investments. I am pleased to see a previous post of today removed. We may disagree on matters here but there is no place for attacking other bloggers just because you have a different point of view. When it does occur it is usually that the person is going through a bad period with their portfolio. G.L all (especially ChrisHutch; we may often disagree, but never in a discourteous manner).

Yes, you may well be right in your assumptions. I am looking at getting back in if the price drops below 0.7p. My greatest concern going forward is that W.N is going to be a turning point in the survival of this particular model. As others have suggested other projects as in California will not deliver any meaningful margins. To repond to another punter even a 5 million 'buy' represents only about 0.07% of the shares on the market. Also following a period of smaller buying numbers by P.I's one can expect a slight reversal in the s.p. That is nothing in itself to worry about. G.L to all on here.

I wonder if receive any more news over the next few days. Would not surprise me if some was forthcoming.