Member Info for shareaction

I find it difficult to judge if this report will satisfy the ethical requirements of these investors. Judging by the text and spellings, the report seems to have been written on an ad-hoc basis by the East Siberian local management to the best of their ability rather than being a copy of any existing environmental policy document the company has. Of course they may already have written environmental policies in Russian language which they needed to rewrite completely to answer the questions given to them...

Anyway, I'm trying to locate the mine and tailings dam on Google Earth - does anyone know how to convert the geographic coordinates given of page 3 of the report (as given below)?

Geographic Co-ordinates:

North East
5796863.906 27446863.91
5797070.066 27447070.07
5797178.2 27447178.2
5797378.71 27447378.71
5797268.88 27447268.88
5796757.322 27446757.32

After his TR1 3 Jul notifying 7.0000% interest in UJO, CO could have bought an additional 121,075,729 shares without crossing the 8% threshold and without the need for another TR1. Such additional shares he could sell any time without issuing a new TR1.

Heid,
TW's style is quite unique – refreshing and very critical of main stream finance press and the City generally who are there to look after themselves only at the expense of small investors. His daily bearcasts are very good and truthful. By paying £5.99/month I have saved thousands from reading Sh..p..phets – got out in time (e.g. most recently DGOC on 124p and save a for me, annual salary) or in many cases avoided buying crap altogether.

I actually found tiny invisible UJO through TW's writings i Sh..p..phets believe it or not. I was for fun looking for something "brexit proof" (not that it makes sense anyway as a full brexit in my mind will be a good thing – EU proof is more important) when I came across the name Union Jack Oil which he actually recommended buying and thought, what could be more brexit proof than home-pumped oil? And just the name!... So to dip a toe in the water I bought some last year and as I got to like the UJO-story more and more, I kept accumulating until recently and I'm now loaded to the top. So to listen to the two of them, TW interviewing DB has been a real treat!

BUR's so-called seven "manipulation techniques" presented by Muddy Waters in their report seems highly complex and could easily be used by all litigation finance companies to a greater or lesser degree, so it can be difficult for any of them to categorically deny the use of any of these completely. And this is the problem with accounting recognition, it is a matter of degree and of opinion, not facts.

LIT has a similar business model to BUR, although with a less aggressive accounting policy. However if Muddy Water's anticipated dossier tomorrow is very comprehensive and very ugly then part of its contents could also be applicable to some of LIT's similar business model. BUR down nearly 19% today.

Hopefully 'West Newton Crude' will soon be the next world oil price benchmark now that the Brent oil and gas field is under decommissioning.

I'm a little bit uncertain here regarding the Wressle case. It is stated that:

"..following a closed meeting held by North Lincolnshire Council ("NLC") on 17 July 2019, a decision has been made that NLC will not be presenting evidence at the Public Inquiry and will withdraw its case in respect of this appeal subject to the agreement of acceptable planning conditions."

Can someone who knows about this please explain

Exactly what EVIDENCE do NCL possess that they no longer intend to present?

Great interview! At 5:35 DB said:

".. on Wressle we should hear from the council BEFORE LONG on planning ..".

Very encouraging! DB made this sound so specific that he must know much more now than earlier when he called the meeting 'out of the blue'. Cannot wait for the rns!

I only hope the "Once called the most powerful man in the advertising industry" does not suffer a similar fate as another guru who started afresh in his same expert area, Neil Woodford... However I think the chance of that is small so this summer dip could instead mean a good topping up opportunity.

So true, bigeye54! Particularly the last bit "and hold them".

Concentrated conviction investing is an area hardly covered in investment literature and theory, they all bang on about diversification - including inflation, currency and lately brexit-proofing (!!) techniques. No risk! Great! But no reward either...

Real wealth is only created by doing the opposite, investing in just one or very, very few companies over years or even decades. Typically, wealth creating people invest in their own companies or at least in companies they run or control as majority owners. But the same investment strategy can be used for any listed (or unlisted) company: Hold for years in growing companies.

When you run your own growing company you never focus on its share price, or hardly ever even share value (NAV), that is just too boring and would just be a distraction from the job.

With quoted shares, not to mention AIM shares we are not so lucky. NAV may be reasonably constant from day to day but the share price... We are reminded of it all the time and it goes up and down and everywhere and it is a real distraction, creating excitement and fear. Then we even use bulletin boards to try to make sense of it all, and much of what we get there are doomsday stories and lies.

Another negative factor with quoted companies is vertigo. After, say, tripling of the share price of an already big holding the total value goes through the roof and dizzy height vertigo sets in and profit taking seems to be the only remedy to feel safe again. However this reduces this holding and when this profit is reinvested elsewhere, we are in effect on the way back to portfolio diversification again.

I believe UJO could fit into this type of concentrated investment although we probably don't have to own it for many years to see results. We are seeing results already, hopefully just the beginning, and my UJO-holding no longer fits into a "normal" share portfolio percentage wise, which is how I want it to be!

Ronald - NOW JUST FILTERED (great feature!) - prefers to invest in lifestyle companies run by silky directors, whose only interests are their own, conducting regular placings to fund their flash cars, business class flights and suits, rather than in companies run by real, experienced caring folks. I wish him all the luck he can find.

been away for a few hours and get back to this!!!

0.27 GBX +0.027 (11.25%) ? !!

I've left a top-up limit buy on .23 which will squeeze in a nice round number for the available isa-cash if I get them

TRADES on 0.27 ??

Nothing bad if you don't mind being kept in the dark. I've had enough and sold.

https://www.investegate.co.uk/bango-plc--bgo-/rns/trading-update-and-notice-of-results/201907100700030121F/

EUS spend seems to be in line with the overall market growth so Bango's free ride continues. Revenue growth of only 64% on an EUS growth of 111% is not good.

Their CFO was not able to calculate or even estimate any net profit figures whatsoever. Or even copy their balance sheet including their cash balance figure into this "update". If she doesn't know these figures it is worrying, and if she doesn't want US to know it is even more worrying.

By "freeing up" shares to "fill a large [buy] order" I would assume fewer shares would be available to all the buyers today, and there are lots of them I see, and that would push the price up, not down. Or have I misunderstood?

4p?? If Bramhill does a 10:1 share consolidation then we're "nearly there", as we used to tell our impatient children in the back seat when they were small.

Kingbarolo, you include the section ".. all of which should fall straight to the bottom line on a stable cost base.."

Although many companies have much operational gearing (that all additional gross profit will go straight to the bottom line), this simply never happens in real life for small AIM growth companies. They all have endless wish lists of additional things they want to do to generate future, even higher, revenue. CEOs simply never want to make small profits today – that makes them look "satisfied" and resting on their laurels, which is the last impression they want to give. Instead, although mentioning this wonderful operational gearing concept, all they want to do is to try to make BIG profits in the FUTURE. I therefore believe Cenkos is both optimistic and "kind" to Bango when they forecast a profit at all.

Does anybody know what's going on in Bango?
CEO increases his shareholding by a symbolic 0.3%, a totally insignificant number
The long standing (10 years) Nomad Cenkos has just left, replaced by FinnCap (??)
Share price currently down 7% today.