Member Info for Thordon

Rumours on the mill are that Wentworth looking for opportunities based on the market prime for investment in cash strap gas/oil company's

On another note , good find and confers the rumours

Repeat of message "nothing new Thoth2" as predicted hence why share price has been stable and not through the roof
lot of talk on this share at the moment , the understanding is there a few company Tr1 that are unit trust and investors withdrawing there funds. this having a negative side to this share .
Next week will be interesting as new financial year and more cash into unit trust.
Still shows 48.3 % in hands of Tr1 - but this data may not be upto date

investors pulled more than £200m from fund houses Premier Asset Management and Miton Group as the two firms merged.

In a quarterly update to the stock exchange, published today (January 10), Premier Miton reported net outflows of £222m for the three months to December 31, compared with inflows of £65m for the same period last year.

The merger of the two mid-tier UK fund management companies completed on November 14, creating an £11.2bn fund house.

Shareholders of Premier, which listed on the Alternative Investment Market in 2016, own 66 per cent of the combined company, with Miton shareholders owning the remainder.

The merger was announced at the beginning of September, with distribution marked as the driving factor behind the partnership.

Today’s results show the firm’s assets under management had increased £400m from the merger date to £11.6bn as at December 31.

But during Q4 2019 investors pulled cash from every asset class at Premier Miton, with multi-asset funds taking the biggest hit.

The fund house reported net outflows of £119m from multi-asset funds in the period, while equity funds and fixed income mandates experienced £57m and £46m of outflows respectively.

Mike O'Shea, chief executive officer, said: "We are delighted that the merger between Premier Asset Management Group and Miton Group was completed mid-way through the period under review.

“Although it is still early days, progress has been swift in terms of creating the management structure for the new group and the planned synergies are now underway.”

Mr O’Shea said investor confidence was likely to improve in 2020 as political uncertainty lifted, adding that against a more favourable background the combination Premier Miton’s broad product range and strong investment performance — and its enlarged distribution and marketing capabilities — meant the firm was “well placed” for future growth.

cperkin good find
Wentworth Resources
I spoke to Wentworth CEO earlier in the week, it is a favourite stock that is becoming more of an apple in the eye as time goes on. Wentworth doesn’t just have defensive qualities in this market, its attributes are positively abundant and they run a tight ship around there. The business is simple, transparent and recent management changes were fully supported by shareholders who are more than happy with the model.

The company ticks a lot of boxes right now, it has no commodity price volatility as its contract is to sell gas on long-term, fixed price contracts that provide for price escalation based on the US consumer price index. It has no debt and cash of $14.2m comfortably able to pay a dividend which yields over 7%. With magnificent simplicity the company states ‘as such, the company is not impacted by fluctuations in global commodity price’, touché as they say in the trade.

Unlike others they don’t need to cut capex, for the time being it’s not needed and spend is regular opex and development expenditure. They remain on track with existing forecasts and as can be seen are operationally resilient. At the moment they don’t even have a problem with COVID-19 although they have contingency plans with Maurel & Prom, the operator who can manage an outbreak by switching to a reserve crew they have on standby.

So what might be the downside? There is some country risk as ever given the market’s view on Tanzania in recent years but from what I’ve been hearing lately there is a good deal to be encouraged about in the area. As for being paid that has also been pretty much sorted, the company at last RNS said that they have been receiving consistent monthly payments for gas sales with receivables from TPDC of just one month.

I would suggest that Wentworth is in pretty good nick, indeed should something arise on the acquisition front I wouldnt rule out something, management is always on the lookout but the supportive shareholders are certainly not expecting it. The management is highly rated and the top team work together very well, the company has repaid its debt, is financially prudent and must be one of the strongest companies in the sector operationally and financially, as I said before, what’s not to like?

Quantity 250,000
2.5250p

My god spread on this share 22% , can not be right
Going to do some dummy buys to find out

on positive side just breaking evens on this share , not selling im a long holder.

lot of talk on this share at the moment , the understanding is there a few company Tr1 that are unit trust and investors withdrawing there funds. this having a negative side to this share .
Next week will be interesting as new financial year and more cash into unit trust.
Still shows 48.3 % in hands of Tr1 - but this data may not be upto date

Nice bouncer today

Thoth2 have faith
Totally have million in cash around 9 million , expansion comes at cost
my calculations which are -£3 million to plus 3 million
if above comes true then Totally will reap the rewards next year as long as no further asset purchases and getting above the £100 million gross mark
The cost of last years purchase is £2 million plus as a negative in cash profits and why hard to calculate

sad to say but think your correct

Stt1 was not far out just 11.9 Million shares difference or 12.9 Million shares to get to 3%
10% would be 43 Million shares

Strange tried it on excel and gave a figure of 1.29 Million ; new was wrong but realised was converting to percentage which made the error

Cautious11

No problem , have a good night
You do wind me up sometimes but welcome all views

For the all still cheap Totally PLC "NHS work"

My wife's an Ex sister in Intensive care nurse and this share will go through the roof ; read my blogs and you get to know where they are.

Netcall is another , but a small outsider to go mad due the virus

Water extraction not a problem its stored and water is heaver then oil , drain the water at the bottom and you have oil left in your tanker. Permit been granted for the water to be injected into a old well .
Which problem benefits GOC which increases the pressure in the ground to recover more oil.
Simple as that , been done in UK for past 30 Years.
The oil is a small bonus and if the price is too low than it can be stored until price picks up.
With the new acquisition we have more storage to hold the oil.

Gas Gas Gas is all this company's about

Its why Invested in Wentworth Res , Debt free January and now paying dividends and going to be a massive year in free cash flow.

Bloody Hell Cautious11

Can you not read said around $11 and blast me for being $2 over the actual price to extract the oil and transport makes no sense , if you included management cost ( admin ) then that probably the true figure of $11.

You bounce and try to pick up on anything negative as if your paid to do so , if not then just a bad arse who sits behind a computer drinking cola cola and takeaways whilst your dad supports your living allowance.

There a few here that know there stuff and im not one of them , but know how govenments work in utilities and specialise in permits ; wayleaves ; electricity.
Hence why ask the question that the gas pipe connection will take at least 3 months and the other question to connect the gas mains to the new acquired stake stated that it was 29.3km to run a gas main and how much had been achieved last year.

Main Gas depending on pressure has to be laid at least 1.5 Metres deep

Which country do you come from Thoth2

A little education the NHS which Totally works for is own by the government.
The Government has unlimited spending when it comes to the NHS .

Totally have been given a green light to employee to the max including nurses that have D-Registered up-to 3 years to be re-employed.

My Wife is a Sister Intensive care nurse but D-Registered 3.6 years ago to bring up our children.
The next stage is employing staff after the 3 year period , all staff that used to work for the NHS most have to be employed by Totally.
Having a NHS pension then going back to work for that company is against the rules of employment.

All that we have said has come true

Your quote " And the auditors will no doubt check the commercial cover. In case funding gets a little tight." makes no sense in this country

Block Energy is all about the gas ; also they have a set price signed lasting into 2022
The oil recovered is a side line to the bossiness and cost recovery at around $11 a barrel ; so still makes a profit

Does anyone know how much of the 19.6Km of gas pipe line they have laid.
there mentioned of road crossing of pipes

Be great to see what they spent last year on which projects

Shares outstanding 394.44m
Free float 275.47m

believe to be the above , theirs also warrants in place as well with directors
Trolled not found anything else