Member Info for Spikeyj

hi ak. re current s*** storm in middle-east, it’s a
nightmare isn’t it? - and i have no better take on
what happens next than anyone else. .. short-term,
clearly a lot of potential for disruption to supply side
in middle east, e.g. attacks in straits of Hormuz, but
medium term world economy does not need higher
oil price, or having world powers getting preoccupied
by way rather than getting the economy back on track,
so there is clear risk to the demand side, & hence bp sp.

... all that being said, though, i have been long bp,
and i remain long bp — recent events have made me
raise some of my take profit levels by a small amount.
i think bp is a *very* well managed company, efficient
& nimble compared to some other big oilies, &i think
sector currently rather out of favour because of greta
& her friends, but that has been providing v good opps
for low price top ups. oil and gas is toast in the LONG
run, but I’m only investing for medium and long term.

AK, the history is that getcarter doesn’t like that I’ve been sceptical
about a particular company that he has been invested in. and so,
from time to time, he pops up to be snarky about posts i make on
lse boards (as for example my fairly innocuous post re goldman).

my own view is that these boards are for genuine commentary &
thoughts about companies & shares, whether positive or negative.

these are share discussion boards, getcarter.
if you don’t want to discuss shares, no need
for you to read and post, is there? it doesn’t
do any favours for people stuck in rubbish
companies for peeps to just post positive. it
is better for all concerned to think & be honest.

(.. try it for a change?)

hello getcarter. you
still stuck in adme?

for what its worth, goldman raise bp target
price to 750p from 730p, as a “conviction buy”.

as with all such targets, very
large pinch of salt advisable.

.... still, on the plus side, the “dark or defunct” tier
is still one class above the very worst, “toxic tier”:

https://www.investopedia.com/articles/fundamental-analysis/08/pink-sheets-ottcb.asp

flagship shares now officially
classed as “dark or defunct”...
that is probably not good news
for anyone still holding them.

https://www.otcmarkets.com/stock/FGCN/overview

pis should be very, very wary of anyone
attempting to persuade them to make any
private purchases of flagship shares, imho.
(e.g. bus club ltd still has nearly a million to
dump under terms of its CVA agreement. )

don’t be left holding a baby for the crew.

(... although she is clearly listed on the adme website
as a significant shareholder with 6% as at 20/12/19.)

pretty img clear that they could not find a buyer to
take up the rest of the conditional placing at 7p.
sloppy again, but not surprising, that they have
not commented on, nor explained that since.

the cash position getting interesting again. .. if
they don’t invest in anything at all, they probably
have enough cash to last until Easter, when they
are presumably hoping that they might have
cleared enough project level debt to actually
take some of the oil revenues into their own
account. (assuming, of course, there are no more
of those unexpected shut-ins that they don’t RNS!)

... but that still won’t leave them with anything like
enough cash to any for the drilling of new aje wells
to replace the existing two wells as they decline, let
alone have any cash for any other investments/deals.

so likely to be another placement in next 1-2 months, imv.

.. mrs anani’s subscription was “conditional on admission”.
but they have not given confirmation by RNS that that the
admission of those shares went ahead .., seems a bit sloppy.

https://www.poetryfoundation.org/poems/45896/the-day-is-done

meanwhile (- again thanks to sharp-eyed roy -)
flagship global has asked the SEC to terminate the
registration of its shares, + garry brown resigned.

looks like a lot of tents are being folded away in the night.

movements both up & down over Xmas fortnight not to
be relied on much? - as trading tends to be fairly thin, &
real position taking somewhat on hold until the bigger
boys (/girls) get back from their Xmas hols. meantime,
some of the movements partly influenced by cable rate,
and partly by all the noises off (/on) re china/usa deals,
since those would affect the real economy significantly.

anyone curious to see more about flagship’s financial health
should check the latest unaudited abridged accounts shown on
companies house site for ‘vue carbon limited’, which is the new
name for gem holdings limited. - in particular, look at the last
entry termed “post balance sheet events”. ( a good spot by roy).

... basically shows what complete guff all the coal mine chatter was.

now more than seven months now since whetstone said
on 29th may that they would publish quarterly updates.
... but they have given no update whatsoever, not even
to comment on being expelled from britdaq’s platform.

meanwhile, whetstone appears to have sold down its
investment In rapid nutrition ... but where has the
cash from that sale gone? ... presumably not to NARC,
since despite all the fanfare about the “agreement” to
invest, it seems no investment was ever made in NARC.

if the crew manage to get whetstone struck off, then they
won’t have to publish accounts to show what has happened
to the remaining assets and cash within whetstone. - not
bothering to publish confirmation statement would have
got them struck off before now, had it not been for the
complaints lodged with companies house & insolvency
service (- as per previous posts on this board by others).

... but of course, the failure to publish new confirmation
statement means they’ve still kept hidden who else was
dumping even more whetstone shares - a sensitive issue?

meanwhile, worthington itself remains in compulsory liquidation,
and the FCA continue to investigate (as evidenced for example by
those letters that have been sent out by FCA to some WRN holders).

the LFL legal claim has now been settled, for many millions less
that WRN originally claimed it was worth, so hopefully that removes
one of the obstacles to liquidation completing, and also gives the
liquidators, pension fund & HMRC a chance of money back to them.

[.... flagship global a bit of a sideshow for ordinary WRN holders, as
it was not used as the ‘newco’ in the end, but flagship has not been
going well for the crew either, with near total lack of liquidity, huge
overhang of shares needing to be sold for bus club cva, and loss of
90% of equity assets due to the failure to make deferred payments.]

Happy new year, honest folks.

... was there ever
really much doug?

he seemed more
of a glove puppet.

having a bit of a posting break over xmas, but this stuff is just
too comical to stay away. i think what they are trying to say
about 'single arm medical research' is just that it was not in
any sense a controlled trial. a controlled trial would have had
at least two arms to the research, one in which people were
trying to lose weight etc. *whilst using the onitor device*, then
comparing that to a parallel arm within which other people, drawn
from a theoretically similar population ( - preferably randomly
allocated to the different arms of the study - ) would have been
trying to lose weight etc. *not using an onitor* (e.g. perhaps just
having a nice thick rubber back round their chubby wrist instead?).

using a suitable twin arm design, it might be possible to tell whether
using an onitor actually made any difference to the participants ...
(providing sample size etc large enough for decent statistical power).

but without a second arm to the study, there is no way at all to tell
whether any weight loss etc. shown by those six women was anything
whatsoever to do with the sh*** onitor mock-up provided, or whether
they would have lost that weight anyway just because they were trying
to by other means. (the 'behavioral change techniques' identified are not
really anything to do with the onitor per se, simply a list of the different
sorts of strategies that plump women claim they try when they've decided
they would like to lose weight. (e.g. 'i'll eat my meals off a smaller plate'.)

it looks like a shockingly poor and shambolic piece of research, that ends
up with remarkably little that can actually be said that relates to using a
device such as an onitor. some possible reasons for the lengthy delay in
publishing the paper would include, (a) difficult to try to extract much
meaning from the feeble research data in the first place, (b) peer reviewers
in a scientific journal would have been asked to look over the paper, and
might well either have rejected the paper outright as very poor quality,
in which case it would have to be hawked round to rival journals, or
the reviewers might have demanded multiple revisions before they
finally agreed that the paper met a minimum standard for publication.

however, on the plus side, although 6 women might sound like a fairly
small sample, it sounds like they were actually quite large ladies, so ...?

money that was still in the bank would 'belong' to a range
of different people, not just shareholders. most obviously,
company assets including cash in bank would belong firstly
to anyone who was a secured creditor of the company, only
secondly to unsecured creditors (including HMRC), thirdly
to the holders of any preferred stock or similar instruments,
then only after that fourthly to holders of ordinary shares.

i don't know what's happened here, & good luck to pis
that you might get something back. but amongst all
the other stuff being argued about, one would not
expect that a company would tell the market about
a placing that it had actively underway, as such an
announcement would kill off the attempted placing?

didn't get my buyback at 215.
ah well, happy long overall.
would take another slice off
the table circa 262 if i see it
within the next quarter or so.

in the past, lse admin told me that they keep threads like this open
for at least one year after company goes kabung. after that, i think it
depends on whether the thread is still active or not. (bear in mind,
lse make their money from website traffic, so if thread stays busy,
they don't really need to care if company still in business or not.)

apologies, i forgot
HMRC get a dip too.