Member Info for triumph1

Yes Seattle, the next big catalyst here would be the 2m distancing rule being relaxed to 1m which is vital for businesses such as ours. I suspect the government rationale for not reducing it yet is due to the fact that the shops that have been allowed to resume trading; the 2m rule does not nearly affect sales as much as as it would restaurants, services that require physical contact such as hairdressers and of course pubs/bars/clubs. It is most probably an exercise in caution, and the risk in reducing the rule right now outweighs any benefit in relaxing this rule for retail at the present time. It buys another 2 weeks to hammer cases down as much as possible, and I think this is a prudent approach to take.

I strongly expect the rule will be relaxed before 4th july in time for the businesses that will benefit the most out of a reduction in social distancing rules. Cases and deaths will continue to decline up to the 4th and risk/reward swings back in favour of reduction of social distancing to save jobs.

It will sure be an interesting next couple of weeks for MAB stock. Breach of covenant issues have been resolved with an extra credit facility thrown in for good measure. They are one of the better run businesses in the industry, and have a history of outperforming the market sector. Plus we have managed to avoid an equity raise and looks like we wont be needing one after securing additional credit facilities. Short term target (3 months) all going well would be 260-300p range being conservative. We all know how fast this can move, so who knows, we may get there much sooner and beyond. But at 210p, that's a lot of company for your money, and MAB look very undervalued right now. I will continue to buy on dips at this level.

GLA

Strange it cant be seen elsewhere, but there you go. A breach in covenant does not necessarily mean the company has or are about to default on interest payments. It means that the company are potentially in breach of one of the many contract terms. The biggest problem by far for most companies is the debt/earnings ratio which needs to be kept below a certain level in order to remain compliant. Obviously with earnings being zero, this ratio can no longer be used so this test has been waived in many cases.

It appears the particular breach here was the fact that MAB suspended all or a material part of their business. Of course this is through no fault of their own, so this process is just a formality and should be no problem waiving this technical default until the government allow pubs to reopen.

Up, despite everything else tanking. Wonder how many got shook out mid morning. Sounds like some did

Looks like over zealous profit taking in europe today across the board, despite brent still above $40 and us markets fairing much better. Char, you should try telling your trade theory to warren buffet. I believe the strategy you said is far riskier than just holding until a target is reached. 95% of people employing your strategy end up doing the exact opposite. Buy high sell low....and repeat. Personally, I am a terrible seller but a much better buyer on the dips. Longer you own a share, the more trouble is likely?? Thats kind of like saying the longer I am on planet earth, the more likely I will get hit by a meteor. Fantastic for those with crystal balls, but otherwise thats's some convoluted trader logic, but each to their own.

Ftse was overdue a correction. Let's see what tomorrow brings

The easiest money made yet. So obvious that this was going straight back to 50p once oil was back above $40.

The shareholders liked the bp deal before....now it is massively cheaper there is even more to like. Unlucky those who sold out friday. You live and learn.

For maximum reward.

Terrible what has happened to holders here. My best friends wife happens to be georgian, i remember tiblisi with great fondness and the stag party in one of the strip clubs there we had. Anyway.... I would be happy to pass on any documents for her to translate, or any media content at no cost for the fellow PI if it would help at all, or if your translator becomes overburdened.

OPEC+ agreed to a one month extension of current record output cuts and adopt a more stringent approach to ensure members dont break production pledges.

Deramping, by definition is manipulating in order to drive the price lower with the explicit intent to capitalise on the lower price. I can assure you, I have absolutely no intention at any price to capitalise on any lower price here, for the simple reason that more times than not tomorrows price will be lower. I dont care if you cant see what's happening here, i wont tell anyone what to do with their money.

Call it morbid curiosity in such companies who treat PIs like this, plus the fact that I held this years ago when the very first oil was found in the formation. Purely interested to see how prior investments got on. But from where I am sitting, it looks like the only place you will be following the money is down the drain with the rest of it.

OPEC+ news is fantastic for holders.......of other oil companies.

Ureal. They will be giving out shares of ukog in your cereal box soon. Consolitdation is inevitable.

No prizes for guessing how the further 2 installments will be made.

Another 4.2m dilution? Wtf. Talk about out of the fire and into the frying pan. Seriously feel for you guys. Surely they will consolidate soon with nearly 11bn shares in issue which would give greater scope for further declines.. Anyone remember MTV, or peertv? Kind of springs into mind.

I do agree that we havent got a lenigas or a jan Nelson who would have issued shares like they were going out of fashion. But the point is valid that after all funding has been completed, exactly how much will be left for us PI's.

The Mcap has not changed a whole lot from when the SP was 40p years ago, yet the SP has halved. Of course funding is needed, and issuing shares is the most efficient way, but 5% here, 10% there is certainly chipping away at the PI's every time and even at the current rate of share issuances, we will end up scraping the jam jar by 2025 if we are lucky. For us mortal PIs, percentage ownership relative to mcap is irrelevant unfortunately. We are constraigned and at the mercy of shareprice movements. Im beginning to ask myself whether SOLG should just be traded on spikes? Despite huge value sitting in the ground, it is questionable how much we will be left with if NM goes to production with this.

Who brought in at the lows and held your nerves as it was being driven down to 160p. We knew this would come good, and here we are. Currently sitting on a £27k profit.

There are two people who I would love to hear from now. Whatamess and longterminvestor .....we need a catch up guys. And boy will I be a smug git.

This was kind of obvious here though. Very easy money. Well done to those who topped up in the 20s. Long overdue and plenty more to come from this yet.

In oil and Oilers. It really is a case of buy on dips now. That beautiful 10% drop the other day gave a fantastic opportunity to stake build. I personally wouldnt mind a few more of those dips as I still have a bit of dry powder for premier, but once brent&wti are back above $40, then the opportunity to buy these cheap will be gone.

Buy on the dips is the top tip for this little beauty. Joke of a drop today, but I am more than happy as it allows me to continue to stake build. Personally, I would love a sell off to 25p but now oil is motoring, more likely 35p now.

You can feel the pressure building. Any day now she will blow. Thanks to whowver sold yesterday, gave me an opportunity to stake build

I 100% agree. I have been watching a while here out of sheer fascination as to how such a "company" can continue to exist on a UK stock market. They have frittered away millions of shareholder money, have a portfolio the equivalent of the average uk house yet continue to be an ongoing concern, drawing down thousands in fees. My portfolio is bigger than theirs, it is beyond rediculous.

As you correctly said, the company structure itself and being a listed company in a formal market is worth circa 250k alone. However the board own most the shares, and the director will block any RTO as this their cash cow. No way would the board let any credible business take the reins whilst they are getting paid for literally nothing. It would be interesting to know how many approaches they have had for a RTO. I suspect many that have accidentally on purpose fallen on deaf ears.

This company represents everything that is wrong with these markets, and if the nomad had a shread of credibility and moral fibre, would remove themselves from office. Of course they get paid their fees for doing f all too, so unlikely.

Therefore this shell is not even good for an RTO play. It is essentially worth the assets it holds, which are rapidly dwindling as we speak.

Oilers across the board are now looking too cheap compared to the rest of the market, they have been left behind somewhat even though oil is heading back to $40. A rebalance will come soon enough for sure. Premier are worth 50p+ all day long. No brainer really, give her 6 months and she could double no problem.

Will continue to buy on dips from here on out.

Yes, have to agree with you there, although you definitely sold yourself out short but I am sure you dont need anyone to remind you that. I sold myself a bit short too, but profit in the bank during these times is never a bad thing, no matter how small as they tend not to hang around for long. Besides, I got the entirety of my holding in the high 20s/low 30s so I am happy.

Besides, there are plenty of similar if not better opportunities out there at present. Whilst markets are still this choppy, and there are spikes like this I wont ever say no to profit, even though in the long run it could move higher. Still very much a traders market unfortunately.