Member Info for Spikeyj

+2.5 pts, stormin'.

bom biddy bom, biddy bom biddy bom, etc.

obama was a bit of a dull president. but doesn't look like next guy will be. gla.

Date of the transaction 4 November 2016 ... perhaps a little slow off the mark in terms of disclosure?

even goldman liking vod now.

ok, so it's 2017, where are my sunny uplands?

... there's still a pulse. good.

mmm, this is not exactly a racy discussion board. i claim this as terra nullis for the queen, may god bless her and all who sail in her.

knicol, perhaps more accurately for most folks, 'only invest in AIM what you would like to lose'.

gl for 2017.

don't often see that. "Basis for disclaimer of opinion on financial statements The consolidated statement of financial position includes an intangible exploration asset, with a carrying value of $10m, relating to exploration activities for potash salts at Lac Dinga in the Republic of the Congo. An independent valuation of this asset was performed in August 2015 and suggested a range of values between $6m and $13m. Since that date, global potash prices have continued to fall and there are doubts as to whether the group will be able to fund the minimum spend requirements specified in the licence agreement. Both of these factors indicate that the asset should be tested for impairment. Management have performed an impairment review and have determined that the recoverable amount of the asset is $10m. Their assessment of the recoverable amount takes into account imputed fair values from another unrelated potash concession and the opportunities they believe are afforded to the group through potential future vertical integration in the potash and fertiliser markets. This assessment also assumes that the Group will be able to fund the minimum spend requirements specified in the license agreement. Due to the speculative nature of the assumptions applied, we have been unable to obtain sufficient appropriate audit evidence as to the recoverable amount of the intangible exploration asset.  Disclaimer of opinion on financial statements Because of the significance of the matter described in the Basis for disclaimer of opinion on financial statements paragraph, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on the financial statements. Emphasis of matter – going concern We have considered the adequacy of the disclosure made in note 2 to the financial statements concerning the group’s ability to continue as a going concern. The group incurred a net loss of $6.1 million during the year ended 30 June 2016 and, at that date, had net current liabilities of $2.3m. It is reliant on trading cashflows which are not yet contracted and equity finance which is not yet committed. These conditions, along with the other matters explained in note 2 to the financial statements, indicate the existence of a material uncertainty which may cast doubt about the group’s ability to continue as a going concern. The financial statements do not include the adjustments, including impairment of the intangible exploration asset, that would result if the Group was unable to continue as a going concern."

onwards & upwards in 2017 (tho' as always with some big zigs & zags). looking for decent year on year dividend growth.

52 Week High 5,505.00

last minute xmas shopping. someone's getting a bank under the tree, even though they asked for a scalectrix.

it seems my uplands need to wait until '17. happy xmas all.

lol, you do like to tempt fate, eh.

added a couple, tho' rather hoping for a bit of a pullback to add a bigger chunk please.

if $55 average can be held, also means that rdsb will find it a lot easier to offload the non-core assets to pay down debt incurred for the bg deal.

why not short oil if you feel that way? much cheaper to set up, shurely.

woodford income fund comment: "Turning to portfolio activity, we reduced the portfolio’s exposure to non-life insurance company, Hiscox, which has performed very well over a long period of time. It is a great business, in our view, with attractive long-term growth prospects and a very strong, disciplined management team. Its shares now value these positive characteristics more appropriately, however, and so we recycled part of the position into other opportunities where valuations are a bit more appealing. These included the commencement of a new position in life insurance business, Aviva. In some respects, the investment case for Aviva is similar to that for Legal & General as both companies have good management teams and very attractive valuations, particularly in terms of yield. Aviva, although broadly similar to Legal & General, has a portfolio of different growth drivers in savings and protection markets and we deemed it attractive enough to start building a modest position. Elsewhere, we also took advantage of unjustified share price weakness to add to our positions in AstraZeneca, Drax, and Stobart at what we consider to be very attractive valuations"