Member Info for Slugworth

Wake up everybody! Don;t miss an opportunity to get in cheap! Massive discount to recent placing!

Net assets are way over and above our Mcap. We have great revenue, huge order book, big plans for expansion, and all at a shocking low price.

I believe the existing shares in issue are approx 127mil, rather than the 89m quoted on LSE. This would give roughly 3.5m mcap - either way, its still massively undervalued. I think theres a lot of upside here, but I also believe in a balanced view.

About to corner the Dubai market??? The Group is also looking to grow its overseas business and has made significant progress in Dubai. It has entered into the Dubai Green Economy Partnership ("Dubai GEP"), a government-backed initiative led by His Highness Sheikh Hamdan bin Mohammed bin Rashid al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council and has been selected as one of the only solar thermal water heater providers under the programme.

Technological advances, and taking on the world. The Company has continued to make good progress in our product development and penetration into new markets. We did not proceed with a fund raise in 2014, and as such were unable to increase the paid-up share capital of our Chinese subsidiaries or increase our production capacity. This restricted our growth and resulted in the Company maintaining its production output. Amidst price pressures in China and our strategic move towards larger customers, we suffered a small dip in revenues and gross margins. The Company has however made significant technological advances during 2014 and, following a key strategic acquisition, is strongly positioned to enter the solar energy market on a global scale.

MASSIVELY UNDERVALUED????? Financial highlights: · Revenues of RMB 248.9 million (GBP 24.6 million) (2013: RMB 250.9 million (GBP 26.1 million)) · Gross margin of 38.6% (2013: 43.6%) · EBITDA of RMB 53.4 million (GBP 5.3 million) (2013: RMB 71.8 million (GBP 7.5 million)) · Profit before tax of RMB 48.2 million (GBP 4.8 million) (2013: RMB 65.8 million (GBP 6.8 million)) · Cash balances of RMB 47.0 million (GBP4.6 million) (2013: RMB 48.7 million, (GBP 5.1 million)) · Basic earnings per share of RMB 0.37 (GBP 4 pence) (2013: RMB 0.71 (GBP 8 pence)) · Net assets up to RMB 252.6 million (GBP 24.9 million) (2013: RMB 191.8 million (GBP 19.9 million)) · Net assets per share up 22% to RMB 2.82 (GBP 28 pence) (2013: RMB 2.32 (GBP 24 pence)) · Significant R&D advancements in the solar thermal panel manufacturing and building integration solar thermal technologies (BIST) with Purdue University in the USA. The MCAP here? £3.5mil ?????

Started moving....

Can anyone offer any reason as to why this has fallen so far? Surely due for a rebound at some point? Anyone have any buy-in targets?

LONDON (Alliance News) - East Africa-focused oil and gas company Wentworth Resources Ltd said Thursday that gas deliveries have now begun to the new transnational pipeline in Tanzania from its operations. Two wells are now producing at the Mnazi Bay Concession, Southern Tanzania, and the remaining three wells will be put on production in the coming months, the company said. The company and its joint venture partners have agreed payment security terms with Tanzania Petroleum Development Corp, the buyer of the gas. "We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is the first supplier to the new transnational pipeline in Tanzania," said Managing Director Geoff Bury in a statement.

Would expect a nice increase in those ratings (and our SP) once this well is in steady production. I would say we are well deserving of a much higher SP already. I would expect some good daily raises from here onwards. I think a lot of people will hear/read about this over the weekend and join the party next week

No need to pump a company with news like this.

Wish I had seen this at 8am instead of 9am, but still v.happy to get in at 35.75. Let the good times roll. Easy money from here.

LONDON (Alliance News) - Oil and gas company SOCO International PLC on Thursday said the first oil and gas from the H5 wellhead platform at the Te Giac Trang field in Vietnam was seen this week. The start of production on the platform has begun one months ahead of schedule, SOCO said, and the project has been completed with no lost time accidents. "Achieving first oil from H5, the third platform on the TGT field, over one month ahead of an ambitious delivery target is a credit to all involved. It is a key milestone for the field's ongoing development. We now look forward to working with our partners to maximise the recovery and performance of the field," said SOCO President and Chief Executive Ed Story. Shares in SOCO were up 2.5% to 143.5 pence on Thursday morning.

A lot of strength building up on the ask, looks like the sells are finally starting to dry up

First oil from H5 due any day now

Happy days :)

Nosedive!

Doing a rather good job at it, lol

You really think that a placing will occur at a price even higher than it is currently??? Thats absolutely crazy!!! Then again, the current share price is absurd anyway. I continue to watch with interest. When this first hit the market, I remember seeing this fly to 15p and thinking it would be crazy to buy in as it would probably sink back. I decided to sit and wait and see what happened. If only I had been a crazy fool!

This is absolutely shocking. Who on earth would participate in a placing in this company? The share price is ridiculous! I've been watching this for a while out of morbid curiosity and I cant wait to see the details of this placing. In all fairness it should be somewhere around 5-10p, and if it is anywhere near the current shareprice then the buyers really need some serious guidance.