Member Info for Retireby40

Trading on a more senior exchange won’t happen until FRR delivers on revenue which will increase the share price, possibly book reserves and then further Improve its balance sheet, consolidate with a much higher share price which should attract new money and mean looking at alternative exchanges unecessary. To be fair new money could be attracted quickly if the 3 oil wells are a success and they’ll be even more suitors with ud-2. Shouldn’t be long to wait.

Ha, I pulled the wool over your eyes!

Article here on revenue growth AWS and Azure: https://www.cnbc.com/2018/02/01/aws-earnings-q4-2017.html

From vanadiumx on iii- Some numbers for back of fag packet analysis: AWS Market Place pricing info for Fusion is all transparently laid out here: https://aws.amazon.com/marketplace/pp/B07B8SZND9?qid=1526494029372&sr=0-1&ref_=srh_res_product_title As of Jan last year, there were 1 million AWS clients, 10% of whom are enterprise: https://www.contino.io/insights/whos-using-aws Let's say 10% of the enterprise market on AWS are potential clients for Wandisco (assuming that having real-time replication is not critical to most businesses on AWS - it could be more than 10% but 10% feels about right), that is 10,000 clients. 10,000 clients potentially paying $90,000 per annum = 900 million USD. Amazon AWS is growing at 44.6% per annum. And this is just Amazon. We would have to assume that the WAND pricing model is virtually the same across all platforms. Microsoft Azure is playing catchup and is growing at 98%b revenue growth. Then there is Ali Baba which is tearing along to play catch up also. The opportunity here is significant. I am not sure where all the talk on here about a buy out has come from, but if a company that is potentially capable of generating $1billion + in revenues per annum thinking of being sold for £600 million (£15.00 per share) then this would be a travesty and I can't see it happening. There is too much competition for any one of the big players to snap up WAND on the cheap without counterbids. Even then it shouldn't happen. Let's keep the tech under UK ownership. Regardless of acquisition talk, WAND I am sure is incrementally signing up enterprise customers globally through all of these channels. These deals are perhaps in themselves not large enough to warrant RNS'a each time. Collectively they should add up to a significant increase in sales. All the infrastructure is there to scale consistently now. I am happy holding here and am not perturbed by lack of news flow. Signing up clients on AWS, IBM, Azure, Ali Baba should be seen as business as usual, and collectively a very unusual business!

Apologies, clearly wrong board.

From vanadiumx on iii - Some numbers for back of fag packet analysis: AWS Market Place pricing info for Fusion is all transparently laid out here: https://aws.amazon.com/marketplace/pp/B07B8SZND9?qid=1526494029372&sr=0-1&ref_=srh_res_product_title As of Jan last year, there were 1 million AWS clients, 10% of whom are enterprise: https://www.contino.io/insights/whos-using-aws Let's say 10% of the enterprise market on AWS are potential clients for Wandisco (assuming that having real-time replication is not critical to most businesses on AWS - it could be more than 10% but 10% feels about right), that is 10,000 clients. 10,000 clients potentially paying $90,000 per annum = 900 million USD. Amazon AWS is growing at 44.6% per annum. And this is just Amazon. We would have to assume that the WAND pricing model is virtually the same across all platforms. Microsoft Azure is playing catchup and is growing at 98%b revenue growth. Then there is Ali Baba which is tearing along to play catch up also. The opportunity here is significant. I am not sure where all the talk on here about a buy out has come from, but if a company that is potentially capable of generating $1billion + in revenues per annum thinking of being sold for £600 million (£15.00 per share) then this would be a travesty and I can't see it happening. There is too much competition for any one of the big players to snap up WAND on the cheap without counterbids. Even then it shouldn't happen. Let's keep the tech under UK ownership. Regardless of acquisition talk, WAND I am sure is incrementally signing up enterprise customers globally through all of these channels. These deals are perhaps in themselves not large enough to warrant RNS'a each time. Collectively they should add up to a significant increase in sales. All the infrastructure is there to scale consistently now. I am happy holding here and am not perturbed by lack of news flow. Signing up clients on AWS, IBM, Azure, Ali Baba should be seen as business as usual, and collectively a very unusual business!

Having restructured debt more than once with limited revenue FRR continued to suffer significant losses (expected with exploration). However after the first restructure FRR continued with small revenue and got in more debt with CLNs and RPNs so the balance sheet was a mess again. Not attractive for IIs and only now with a better balance sheet (still have the CLNs) and very targeted plans to generate revenue can FRR attract IIs which is has done. It needs to make a success of T-45, Dino and T-39 and if they can generate 1,000+bopd (hoping it’s nearer to 1,500) more IIs will take note and if ud-2 works the same applies and some. If the above happens the share price should be a lot higher, could book reserves to improve the balance sheet and higher still and they’ll probably go from 17.25bn shares to 345m shares (50-1, could be 20 or 25-1) which will also attract more IIs too. Best to consolidate which a much higher share and stable share price which Zaza knows.

BoD lifestyle, the Chairman and CEO were minted before they started working for FRR and when they take salaries they’re hardly massive.

Good find, pyro and good to see the new Minister has a good understanding on the timelines and finances needed. FRR has really exceeded in those regards! Hopefully in the home straight. As noted on Advfn - A coincidence that FRR are beginning to finally make meaningful progress (from a boepd as they’ve got CPRs proving the oil and gas) and the Georgians threaten arbitration as they don?t like the massive cost recovery pool and want more of the pie. If that isn’t enough Exxon are in town as confirmed by the gov. SN also banged on about the XTO takeover. The buyer was Exxon.

Apologies the AR was published a good while ago. A decent one too.

Although Kalan is in and out here like the okey cokey he thinks it’s on the up too. MacD looks to have bottomed, Stochastic turning up, RSI also turning up. was hoping for a definitive double bottom at .38p/.4p but there is another scenario of a rising pennant with .45 at it's bottom. So just bought back in - going to double up if it drops to .38p but most signs are that it is turning now. Could do with trendfriend's or PJ's or Tot's or oneb1's input - I think there's only Trendfriend left that hasn't had a personal attack from the resident evil yet - so maybe he will help us out.

Devex on iii - Whilst we await the next operational update a few reflections on the last week or so – partly prompted by some recent LSE posts. ZM was in London most of last week – and I am sure Wednesday night wasn’t the only date in his diary. But normally he engages in a few other sound bites – this time not. But on the other hand Malcy was lined up not only to attend but also to spend 5 minutes introducing the thing. And making some very positive remarks. Now apart from the fact that they both loathe TW and Co I am sure there is a bit more to all this. My bet is that ZM thought he would be further down the line by the 9th, and had to adjust content accordingly (the meeting was announced as far back as April 5th - coinciding with the announced start of specialist pumping activities in the first week of April). But despite that they still wanted Malcy there – and perhaps more significantly Malcy still agreed to front it and do so very positively (has he ever fronted a single company shareholder update before?). The lack of other sound bites is I suggest a combination of a) knowing pretty well where the next round of financing is coming from, and b) simply wanting to wait until more material information is to hand. The timing of the ZM share purchase was probably an affirmation of his confidence – but fortuitously for him was also executed at a very attractive price. Of course the gap in news has allowed a degree of temporary mayhem – and posters on ADVFN stooped to abysmal new lows last night (publishing alleged personal details and so on). I suspect ZM is quite unnerved by all this – and if you read the published presentation pack again it is a) remarkable for its bullish nature and b) in my view primarily designed for a different audience to ourselves. No doubt related to how he spent the next few days in London. (Along the same lines I would place a small bet that the next non-exec will be a UK based oil industry veteran). Finally some comments about director remuneration have been made recently. Well I am sure that historically some are close to the mark, but recently things have been different – and in 2015/16 no director received remuneration in their capacity as a director. And just to remind last year $26 million of SN/ZM historic debt was exchanged for shares notionally valued at 1.0P – and all their shares now perform in exactly the same way as yours and mine. And of course since then ZM has bought a further 404 million shares, also at prices you and I could have obtained should we have chosen to. Food for thought IMO

I’m not sure either way but what parkview posted is interesting although tricky to fully understand! Anyone get this - An account that is properly identified as a "Short Marking Exempt" account would not be eligible for a fill

How do you know that? If so this is beyond a pish take. Many times I’d like to cancel trades (buys and sells) but can’t do so.

Touché!

The 0.462 is a buy not a sell. FRR has not had lots of spare cash to be buying shares for its treasury. If they did it would have to be announced, likewise if they sold. It’s a categorical no in my view.

FRR does not hold any shares so could not sell them to pay salaries. We’re fully funded on the current campaign. They’d also have to RNS any transactions.

Yep it’s imoressive and without any hefty contract RNSs since early Jan. Obviously the partnerships are great RNSs but I’m surprised we’re so high without additional contract RNSs. The Swedish tech fund buying a decent number of shares over the weeks is a positive indication where this is going given they paid at the top end. AR is due imminently too.

Are you the Manc?

Yeah was good to have a few with you, the prodigy et al. Was pretty sozzled by the time I left. Hopefully the next one we’ll have at least 800bopd from T-45 and Dino-2 and good news on ud-2 with the pipeline close to completion. Have a good weekend all.