Member Info for ScottGrosvenor

Finding oil is easy, finding many billions of $'s worth is another matter.

Generally protein88 these companies explore on their leases and if (and it's a big IF) they strike oil or whatever they are looking for they sell on the lease for the big boys to drill and extract. Remember offshore drilling is the most expensive so there must be a big enough field to warrant the investment or it gets plugged and you move on.

I'm on the fence here, in profit but as the Clash sang...
Should I stay or should I go now?
Odd that I can't get a sell price from A J Bell, thought I'd see what it was just in case, wonder why as there are buyers. today. Very tempted to hold but I'm 80% a day trader

The share price says it all and lack of interest in the trading numbers. Needs a good RNS update I feel and it may come, but it's too soon after the last one, however even n announcement of a few new contracts would show possible upward trading trend.

As I said, BeingTheBanker you wouldn't start with 241 staff (wonder how many are directors family?) but you'd need lots of cash to run it and a great team of sales people to compete with a existing business's with contracts. So you'd need enough to keep you afloat for at least a year before you'd get any significant earnings in and I don't think you'd get anyone as a start up relying on UK market alone other than a small family business. You would need sales people on the ground across the world and that comes with a cost. Loop are also competing with companies who put in whole phone/comms systems, I have a friend who is head of one that been around for years and they were manic in lockdown sorting systems out to link homes to businesses for working from home and integrate it. But that's all but finished now. It was s good expansion for them and is now consolidated into their business.

It's the 15th Feb trading figures that worry me, there has to be a bigger cash burn because of wages/overheads. It might though be a takeover as the prospects aren't too bad, but probably by a company that already has a wider international infrastructure as there is where the business could grow now. I really have no idea if it's a buy.

Yes BeingTheBanker but there is a barrier to entry, about £100m to set up a new company, 241 staff, leased property across several countries, software development, computers, lawyers, insurances, recruitment, borrowing costs and enough cash to burn while you get contracts, mostly with first time users (most won't change if they are happy) install and wait months to be paid, to name a few, ok you wouldn't employ everyone at once but you see what I mean. You can't raise it through shares as a start up.

Ok, but....
Shareholders’ funds attributable to equity owners of parent @£65m and I don't like seeing....
Right of use assets £2.35m
Other intangible assets £27.4m what's that? Biro's lol
That high and needs explaining, it's fact from their account in there last full accounts, latest accounts after recent RNS will be the one where income dropped and shares crashed, I have no opinion, haven't been watching it for long.
Profit probably needs to come from increasing international business.

So MrWolfe is on here, that's always a good sign. Looking for more shares, is this a buy? Just sold prem after buying yesterday.

See my post below. £31.5m of the £95m assets are 'goodwill' goodwill is not worth a penny if it goes t*ts up, it may recover a bit today but ultimately they may struggle as demand for teams wanes as we can all meet up again which many prefer, probably need more international ties where it saves people travelling abroad. Maybe boost their Hong Kong company, oh no whoops it's dormant although they still advertise it's there on their website!

Delving into the finances last full return states assets £95m and goodwill £31.5m so 33% the assets are the goodwill, hardly a book asset unless you are selling, which they weren't. IMHO, even though legal, no goodwill on this BB
£19.7m wages including a whopping £1.2m in benefits in kind and £1.33m Directors remuneration, £6m accredited to development costs. All downhill since. Highest paid director £514,000 for what I ask? Being sh*te.
Good luck on this one

I'm a LTH from 2020 now just loaf ing around on the beach making some dough ;-)

Wouldn't call that brave, I bought at about that this morning and sold at 57ish then re bought at 51 ish, looking forward to tomorrow unless there's a late surge and I sell again, good luck all,

Look, this share either gets loads of attention or none. When it dumped to 19.50 the rampers were trying to persuade PI's to buy "be 30 by the end of the day" "40 by the end of the week" I got slated for saying "no it won't, if it went up would be slow. " then I got offered a fog knitting machine by one of the w*nker rampers. Guess what? Never went up. Within a few days was at 14.5 and I bought then. Never listen to ramps or deramps, look at info and DYOR, good luck.

Oh yes they can! B'stards

Avct up too and rising

But 52.99 to buy :-(

My £1999 buy listed as a sale, inaccurate reporting again!

Frank, since when has there been logic on the alternative markets :-(

You'd think weapons and defence company would be up not down! Doubt I'll Putin any more lol