Member Info for TheMoss

I do hope things turn around for you. However I fear you are correct. The share is a dog and shows AIM at its worst.

I did read an article on Investors Champion which compared the poor returns experienced by investors and the large salaries taken by senior managers.

Good yield, chance of a a special dividend, more upside than downward share price pressure. Sounds good to me.

If they achieve their forecast they will be on a PE of 4 which has got to be well priced. Just added a few more.

Caledonia seems to deliver on what it promises.

Why do you say it's a great company with a solid board? It has no active projects nor any clearly defined plans.

Skid35 Thank you for your reply. The information you have given is invaluable.You would have thought with the products they are making they would be dealing with blue chip companies. I haven't got a lot of shares but these will be sold. They only tell you so much in the Investors Chronicle.
They might have replaced the CFO but dodgy customers need to be identified before any work is done. I'm not impressed by Kromek.

I am a qualified accountant as well and I have worked in a contract accounting environment. I haven't got a clue what is going on. The CFO being sacked is not something I knew about and is worrying. Neither can I understand why auditors didn't ask for any miscalculations of WIP to be corrected and why a set of revised accounts weren't issued.
What is a more worrying is I was under the impression that the fund raise was to get a "ready to go" product into production quickly to capture current opportunities. However nothing seems to be happening with any urgency and communications are poor.

"I'm not sure investors have realised this accounting point". This is very condescending to investors assuming they are thick."

I think you are being generous. Cost of sales need to be matched against Sales using accruals, WIP and stocks to adjust timing differences . If the accounts are properly prepared there will be no reversal of the loss with no cost of sales.
It's just incorrect.

"If" they can farm out Jamaica. It's more usual to pocket a bonus after you've done a job. This will simply build expectations of more and increasingly larger bonuses.

I can't think of any CGT reason for selling at this point in time and selling them before you have to is taking an unnecessary risk. Time will tell what is going on.

I think I would be happy to pass on the war even if it meant lower oil prices.

Great news. Shows a clear path forward in Egypt.

I would be more than happy with a 12p dividend. It's got a good risk/reward profile.

They will have 16% more shares but they'll also have £13k extra cash.

There is one local guy who I think would make a great NED. That is John Elliot from EBAC. This guy knows how to make things and get them out the door. Between the two of them they would be formidable.

Well I never lost anything but 60k would have made life a lot easier.
I think old age has caught up with me and my money is going into safe and steady stocks that pay a steady yield. I will miss the excitement. It was like having a little gamble every day.
My problem with Petrel is it has no assets and when it comes to winning contracts I just think the people dishing anything worthwhile out will take the safe option and go with the big boys.

I bought 250k @ 1.2p some long while ago. At one time they were worth 60k but I couldn't trade them because they were with SVS who went into administration. By the time so I got them back the value had plummeted. I made a small profit but a fortune disappeared before my eyes

Got rid of my shares yesterday. I don't think they are going anywhere.

It would not have been credible to pay a dividend while trying to get other parties to defer loans and rents. Even when Corona virus is no longer an issue paying off the loans would reduce risk in the business. The long term strategy needs a rethink.
I think commentators are wrong on this stock. Yes you can stream but people enjoy going to the cinema.