Member Info for Simon_Said

Lol you think I am paid by RBD? So this is all a giant conspiracy where myself and others are 'paid' by the company to post on this forum to encourage buyers? You moron.

Are you also a flat earther?

Typically the EA will be looking at things like waste management and disposal, ground remediation plans etc. The regulations will be well-known to the partners in this drill and no doubt they'll have designed the new test program accordingly. Any EA objections would take the form of amendments, which the company would make to the plan accordingly. This isn't a binary pass/fail thing.

Good god Sharon you are really reaching now. I share your Euroscepticism, as it happens, but it's not relevant here at all.

What you're referencing is a strategic objective that relates to national political strategy and longterm outlook.

West Newton is a near-term project.

As usual, you are too much of a wimp to actually say outright what you are implying, so you use cowardly insinuation to make your points. Once again, since you are too scared to say it, I'll spell out what you are saying: That the UK government is blocking all oil exploration right now because of EU regulation. Except, you'll argue, of course you're not saying that.

Quite.

I demolished your last silly attempt to put people off by miscalculating a date using an irrelevant RNS from before the initial drill. You opted not to respond further to that, presumably because along with guts and conviction you also lack humility. Your new 'angle' is just as irrelevant.

If I've misrepresented your brilliant point, it's because you didn't actually spell it out, because you are a worm.

It's only 2 or 3 platforms, specifically ones who use HBOS (Bank of Scotland, Halifax, few others)

For different reasons, but still relatedly, I just consolidated all my holdings from elsewhere into Hargreaves Lansdown. A single form, only took a week to transfer, and doesn't come out of your ISA allowance as long as it's an ISA-to-ISA transfer. No need to stick with a platform that doesn't suit your needs.

Should have the slides by this afternoon, which often contain useful tidbits of data analysis for us to pore over.

Also worth noting the recent director share buys and reshuffling of the board. The company is shifting into a different mode, as its business model matures and moves into a profit phase.

To be clear, that 21 days started when the notification was issued which was 2nd January. So they could start again any day now.

Note from UJO group and Twitter that HSE have been confirming to investors that they have raised no objections to Rathlin's plan to recommence with the new site design. The 21 day period for objections has now closed, so they should recommence in the next few days.

Well that is highly misleading Persimmon. If I didn't know you better I'd - wait, I do know you, and you're always up to mischief.

That EWT being referenced in June was the initial drill we all watched. This was then paused because they found oil instead of gas. That pause wasn't even till late August. You can't hold them to a timeline set in June before they even knew all this.

Your posts are always rearrangements of facts to create a more distressing picture than necessary.

The local aspect of permitting is not what requires amendment. They've been working with the relevant agencies for some time, that's what we're waiting for.

I've had the same discussion with Ray before around the EUS % issue (which is similar to any revenue-to-profit discussion) and he's absolutely right - and there's a key business principle to be extracted here.

On a specific level for Bango, the EUS % *has* to be lower for physical goods, because the unit cost is typically much higher, and the same %s that make sense for low cost digital items would produce unworkable, unattractive fees for higher-value goods. Such high fees would turn off merchants and reduce sales. This is a great example of why sometimes growing overall revenue and net profit is more important than focusing on percentage net from one to the other. Sometimes to achieve higher net profit (the indisputable primary objective), it's necessary to lower the rate on individual sales, for any number of reasons.

As Bango's sales mix contains a greater and greater proportion of physical goods revenue, this will drag down the average percent EUS net, simply because the higher transaction total would make the proportionate % fee too high an amount to be a practicable sum for a consumer or merchant. But if you look at the fees being gained per-sale as raw numbers, they'll be higher. And indeed all key 'absolute' financial metrics are trending up. Perceiving a lower percent return on EUS as any kind of failure is a simply not accurate.

This does mean that growth calculations are tricker to establish, because that rate can fluctuate as can raw sales. Certainly projecting crudely using X% EUS rise and X% EUS return is not going to produce useful projections. Lower EUS return as percentage could very well be accompanied by higher overall EUS, revenue and net profit.

I don't know about 80p as there has been a lot of dilution since then, but in exchange for that dilution the project became a lot better funded and far more feasible and realised. This is a much more grounded investment than it was back then.

One can only assume people are just bored or something. A quick RNS to say 'oil and gas shows present at the expected interval, more to follow' - and somehow people find a way to be annoyed with it. Bizarre.

This current market is ridiculous.

Ray Anderson just spent almost £17k on shares in the company, a good show of confidence.

I haven't looked at this update, but it sounds like a tricky problem to forecast for a business externally, without contract knowledge, and making assumptions about revenue from end-user-spend which ado not appear to be grounded in anything much.

There certainly are some helping winds this year for Bango, namely the late-arriving contracts, and the 'boosting' effect of the considerable prior-year tax losses that will offset tax on initial profits, as the company moves into this new phase.

All key metrics are up, and in my own discussions with a board member, it seems they are certainly thinking in terms of profit now as well as growth (no non-market information or anything, just a general sense from conversation).

Good post iWant! But you don't need to keep saying 'IMO' - the statements you made were all qualitative and implicitly opinion-based. It seems to be a plague on the internet where people are so worried about getting abuse that they try to brace with 'IMO'. You made a great analysis - stand by it! :)

It's not overdue. VG4 was announced 19 Dec and results were 3rd Jan last year. This could take any amount of time more or less, but certainly right now is well-within a totally reasonable timeframe - especially given the holdups in business over the holidays (even drilling contractors and PR companies take some time off!).

I read that long comment a few times through and it really seems quite bizarre. It's a mashup of some accountancy terms and an apparent attempt at balance, with strange doomsaying comments interspersed. I think it's a mashup of copy pastes from a few different places.

The references to 'slashed forecasts' surely can't be referring to the trading update, as it contains no such thing, referring solely to last year (and indeed is not final results). Where are these numbers coming from?

The comment about the Strategy Day being a 'sign of an impending placing' shows that whomever actually wrote it doesn't know Bango. They have a strategy day every year, it's not an extraordinary event or meeting, it's an annual staple. That lack of basic company knowledge
suggests to me that the person writing this is substituting accountancy terms (used in a rather confused fashion) for actual company knowledge. Which is fine and fair if you lack knowledge and are earnestly seeking information, but some scroat has peppered that analysis with sore-thumb-obvious tabloidal doomsaying.

The market is reacting bizarrely to an update that most companies of similar kinds would kill for. The business is in good health and sustaining exponential growth. The cost base is clearly the key to unlocking profits now, as the pieces are all in place, but more revenue needs to traverse the gauntlet to the bottom line. I think we'll learn more at Strategy Day and in the final 2019 results release as to what so much of the revenue has been spent on, but knowing Bango they tend to plough revenue extremely heavily into factors that enhance future growth (the Silicon Valley style of aggressive reinvestment) rather than declare heavy bottom line profits.

As an investor I hope that they don't take this strategy too far, as the weakening of the share price that causes is not only problematic for investors, but also reduces the company's ability to take on debt if they required it. That said, looking at the information in this update, there is no shortage of revenue and plenty is making it past fixed costs to enhancements, so they are clearly not looking to borrow or place any time soon. So I suppose they don't need big profit numbers yet. This is the same reason why Facebook, Amazon et al didn't declare much in the way of profit for many years.

'This notification is being made solely as a result of the demerger of Prudential plc and M&G plc, resulting in a change of control from Prudential to M&G.'

It's not 'irrelevant' - Miton hold RBD stock. And there's nothing wrong with sharing rumours as long as they are not presented as fact. This is just a discussion board.

Given the increased institutional base for Reabold, any theoretical disposals by Miton have less and less of an impact. This is actually an upside to the expansion of the shareholder base with this large placing.

'The proceeds of the Placing will advance the Company's pathway to cash flow generation and the Investments are expected to allow the Company to realise its ambition to return capital to shareholders, by way of dividends, in the short to medium term.'