Member Info for suffolkpompey

Not long to go now, if it does come in positive and we get a deal it would be nice to see the SP up a few pence.

I thought 16% margin was the previously thought of but now known to be incorrect and over inflated margin? I think the real margin, which we are still waiting for the BOD to confirm will be nearer 7%.

I agree with you GoBig, what we need to find out is the costs involved in getting to that point and an understanding of how they will be met.

Ok, it's probably less of an important variable in the bigger scheme of things but it is still an unknown at the moment which will be contributing to the overall SP.

Antha - the way I see it is this, and it's a complex picture.

First of all, previous share price shouldn't really be looked at, too much has changed with the company in the last 12 months for the historic SP to be indicative of our future value. The business has been trimmed down with loss making bits disposed of, leaving TI as the main (only) asset.

There are probably three key variables at play at the moment, each with uncertain outcomes that are keeping the SP at the present level.

The first of these variables is the bond holders. We know that in recent weeks the bond holders have accepted, albeit reluctantly, that the most straightforward way for them to see there money back is by agreeing to the companies 'plan'. This plan is to acquire the remaining stake in TI from Rainmaker, with a view to then being in a better position to sell TI for a price that is more befitting its market value - previous bids, though not disclosed, appear to have been substantially below what the BOD see as its fair value.

The second variable is Rainmaker. We know that we had a deal with them to acquire the remaining 10%, due to the financial situation of the company they were unable to acquire the stake within the timeframe agreed. This means we need to negotiate a new deal with Rainmaker, and they know now that we need to own 100% of TI in order to get the best possible price when we then sell it. So, if you were Rainmaker would you accept the previous terms or would you try and get a bit more, I suspect the latter, so this needs to be worked through.

The third variable is what price can TI command when we go to market it. It would appear that TI is driving decent revenues and is profit making, estimates for its value are hard to come by given the other two factors above. IF it can be sold for say £150m that would enable us to wipe out the MTMY debts and leave around £80m in cash.

Lots to play for and an interesting story to unfold.

IMO

This could be quite significant, good to see - hopefully we will be in a position to utilise or benefit from its findings later down the line.

Agreed, it will be interesting to see what sort of offers are put out for TI once it is formally put up for sale. Whatever is generated should be much more than our current debts so a decent rerate here, caveat being that the bondholder issues get rubber stamped. New on that should come by the end of the month at the latest i'd have thought.

Someone like Google or Amazon would be nice

This has been played like a fiddle. Nice little spike for the manipulators who staged that one.

The tweet appears to have been deleted? Convenient.

Wonder what the actual mcap should be..

Bottom line is we won't know what Brockham will do for a while yet, we can all speculate till the cows come home but we don't know what will happen. Whilst I agree that new BOD members and key personnel would not want to take on the job and then announce failure, we have to remember that in that scenario in Vonk they have a ready made scapegoat.

As ever patience is going to be the key thing here and then depending on your risk apetite you can add, reduce, trade, sell or buy according to RNS's (or tweets) as you so prefer.

Hopefully today marks the end of a sorry chapter and an up turn in prospects and SP, but time will tell on that.

Fingers crossed.

Maybe Alan can shed some light on this?

Is that Vonk turning on a tap?

Given the lack of nearby dwellings and the proximity to a road noise wont be an issue. If it does require consultation so be it.

DSmith - last bit of news was on Jan 10th, yep a whole 15 days ago! When there's something to be said it'll be said. You seem to be incredibly impatient and negative in all the stocks you hold, either you're not great at picking them or you have other agendas.

Weald Oilers tweeted an update a few mins ago, video of more gas (Nitrogen) being delivered as well as a picture of a guy working on the well head...

True, heaters on would be a plus, hopefully some action in the next few days and then up we go.

Sigh of relief that is

Hope it's busier than here. This week is a pivotal one, if Brockham finally flows then a collective sigh (short one not long), if no sign of tankers by Friday then its squeaky bum time.