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Petition doesn't even make sense. If you want to be put on the share register, use a CREST account, not a nominee account. Of course that will cost you more...and quite right too.
Why do you think share dealing is so cheap? The logistics of someone owning a couple of shares of a company going on a companies beneficial ownership register, only for them to sell a few days later makes no sense whatsoever to anyone.
I'll take today's result whilst the IIs and PIs hustle and justle for position.
Surfs up. Eyes firmly on the horizon and prepared to ride those waves. I won't be bailing until a) the right wave comes along, or b) we cruise to shore with an offer c£1.50±20p
Redirons you are a fool. Since when has a share consolidation ever worked well for a company lol. Everyone is obviously aware of the physical meaning, but consolidation screams bad news and is usually followed by more mass dilution resulting in the share tanking back to pre consolidation levels. Thats what the poster meant by this, and can guarantee you a down day post consolidation because everyone knows consolidation = BAD. Been around far too long and never seen good come out of a consolidation. You are a complete novice if you think this share can consolidate and that's that. It will tank, I can guarantee you that.
Shareguru, grab a dictionary and look up a word for me. That word is context. Your lack of it in 88e and my affairs over at THG is amusing. Funny how you emphasise the down day yesterday over at thg, without the context of the massive rise the day before haha. Also share with us all the 10% rise today haha. Im up massively over there compared to you in this dog. Same story with 88E, and your head in the sand re previous failings and expecting all to be dandy this time around, and attempt to belittle anyone who dares ask why. That word again shareguru, CONTEXT. I hope your tiny brain can try to grasp that word and come back with an argument related to 88e and not my successes elsewhere. You can always tell the caliber of an individual by the response in the face of somebody with an alterior view....the less gifted upstairs among us always resort to personal insults and discrediting efforts. Keep searching shareguru, my posts go back since before you knew what stockmarket meant. Keep it professional, and 88e related.
Gman...I completely agree with you re the company having no choice but to dilute to keep the lights on. But my debate is shareholder value in this stock, and lack of. How many years now have we seen these silly presentations? Marketing fluff and no more. And your comment re 4p spike.....how many shares were in issue then vs today; I.e. what was the market cap then? Significantly less than what it is today. This share will never ever spike to 4p again; it would value the company at 800 million this time around! There is zero shareholder value to be had here, it has all been diluted away and will continue to be dliuted away. If this share does spike, sell into it immediately! It's the only value to be had here. Trade, rinse, repeat. That's what the smart money has done here for years.
Don't listen to the white noise of rampers here and get sucked into pretty company presentations which have time after time failed. Focus on your trade and nothing more.
Hahaha legend. He is like Tim Martin over at westherspoons on steroids.
He is taking a huge dump over the system as a leaving present. A final farewell fxck yoh to London markets and its participants.
Surely he wouldn't go on such a warpath without some sort of announcement to burn said pond scum?
MMs post on LinkedIn is telling. In fact, I have done exactly the same sort of thing before.
Just before I quit a job, i submitted a letter stating to management all the things that are very wrong with the company and outlining the reasons I left. This sounds very much like that, and it's definitely something you would do when on the cusp of being in a position you will no longer find yourself in shortly.
This will certainly cause a stir among any shorts tomorrow, and I am definitely feeling that was the intention of the letter. Stating a farewell to UK markets and an up yours to the shorts that have made his life quite miserable.
Let's say for a laugh that the miracle happened and 88e actually managed to drill a well that flowed (even though a stopped clock has been right more times), but an amusing thought experiment none the less....
Has anyone taken a look at the mcap recently? £100m! The level of dilution here makes a westherspoons pitcher look neat.
Here's a fun fact: this time last year there were approx 15.9bn shares in issue. Today there are 20.1bn shares. Going further back the magnitude of dilution really becomes apparent. Anyway, an approximately 30% annual dilution rate.....and for what exactly? Wheres SH cash gone over the years of this happening? Why hasn't anyone told this company that dust isnt worth anything yet?
Anyway, the point is, even if the well flows commercially, how high does anyone expect this to go? What sort of flow rates would they need to actually get this moving. The spikes of 2 - 3p days are long behind us now such is the magnitude of dilution. Realistically, even getting above 1p would be a stretch. If this company fails again...I would like to think the market would pull the plug. But you always have a couple of diehard fools that have invested so much time energy and money that they will never see the wood through the trees. That's the type of people the bod rely on to keep their salaries.
Results didn't do anyone any favours today as speculators now jumping ship.
This was always a long term plan for me, and for anyone who is considering a bid. Apollo won't care one bit about today's numbers; in fact it's more than likely that they were already privy to these results. PE will extract value by breaking off each division, binning the driftwood, streamlining and pocketing the gold.
Still very early days for any bid, but its strange all the talk of apollos interest being false and manufactured.
Still, who doesn't love a bit of excitement.
Going to see a lot of fun and games over the coming days/weeks. I have an average of around 50p so won't be budging from my position here until an offer is put in the table.
If this gets back into the 60s, I'll probably buy more. Bring on that horizon, whatever it is.
That being said, we all know PE have been sniffing around for a while, and this may force the hands of those lurking in the background who have been watching and waiting? If we get more than 1 interested party, things could get really start to get heated and very exciting.
Let's be sensible and rational here. Any offer will probably be c£1.50 +- 20p or so.
Of course results will play a very important part. It will give us an indication of how willing MM will be to sell, and how willing we are to approve the deal. I still believe we should go it alone as we are doing quite fine as it is.
That being said, MM has already rejected offers around the 1 and a half quid range, so surely apollo will bear this in mind. Plus there are green shoots from key growth markets re inflation peaking. I can't imagine the offer getting close to or surpassing £2 however, simply based on the VWAP of THG over the last 12 months.
But yes, exciting times. I for one am holding out for a price I have in mind I believe THG is currently worth to apollo. We have a little bit further to travel yet methinks.
Maybe that's because we see this dog for what it is? All the wet dreams promised regarding gushers, only to be delivered a material slightly drier and of lighter complexion with a powdery texture. For this to happen time and time again, the most ardent supporter becomes a sceptic believe it or not.
It's like me saying you lot ramping this dog up all the time sound the same, therefore you must all be the same person. Dumb comment, right?
Hehe yeah, I got so much of those badges here that I am beginning to look like one of those dictator generals wearing those uniforms with broadened shoulders to accommodate all those badges. You'll see the light re this company eventually when it all goes belly up, like so many of your rose tint predecessors have in the past.
Most likely outcome here and best for the board (but not SH) will be the well needing some sort of fracking operation to achieve acceptable flow rates without being choked back to death due to "formation characteristics", roughly translated as barely commercial but will keep us board members with work and a salary (anyone here remember LGO?). Fracking operation would be drawn out, no guarantees, inexperienced company that have a poor history of finding oil let alone extracting it, and costs money. The board would be happy of course, keeps them in a job for much longer and allows them to get away those placings whilst keeping the carrot dangling to donkeys such as yourself.
Once we realise that 88e have found yet more dust (or as good as, because any fracking operation will go down with the market like a lead balloon), I wonder if you will create a new account calling yourself shareguru23? Definitely won't be 22nd time lucky for you here unfortunately. Of course, I'll be here on D(uster)-day where you can present me with yet another badge.
Haha thought not. Predictable reply to another fool who doesn't have a clue. Anyone want to give it a go and explain why this time is so different, and why I'm the fool for questioning the dismal track record of this company. Come on shareguru, don't be bashful. You seem willing enough to impart your worthless nonsense regarding this worthless dog to complete strangers on other occasions it suits you.
But given the market reaction this time around, we already know i am right don't we? Yes yes, we all hate a big headed, boastful person.....but if anyone cares to check my history regarding this company that extends much further back, before you knew what a share was, I have earned my bragging rights here several times over and have been on the money every single time.
Another dust storm is brewing here. Be warned. But don't worry, I'll be here for a shoulder to cry on when this company has left you for dust and I'll earn another "88e, I was right" badge.
And the cycle of new muppets next year continues haha. I may as well copy and paste these posts for next years dust bonanza, you fools are all the same.
Lol. I liked the part when you said they found oil. Wheres the oil? Non commercial is a duster you fool. All is good this time you say...they even have wire logs. Wow, they never tried that before. They know its there this time do they? So the other drills where they failed were for fun were they, and werent expecting anything. Can you actually read back what you wrote and see how dumb it sounds in the context of their previous failures?
Heard it all before buddy. Your type come and they go (without their shirts) and added to my wall of muppets who have fallen here.
I am invested like I am every year. Ride the wave of 88e management suckering in fools such as yourself with pretty schematics and sales talks and dump BEFORE results. But it doesn't seem to be rising as much this year than other years....hmmm I wonder why that is? Maybe something to do with the epic failures of the past? The only fool here is you buddy as the rest of the market isn't buying it this time.
History is on my side....I have been right over the years thus far. Convince me and all of us that I will be wrong this time. And please don't say "because they know its there this time" lol.
I'm not arguing with you here as I rely on noobs such as yourself and the "this time is different" gang to keep me in the black, so by all means throw the kitchen sink at it.
This company has shown time after time that they are incompetent at best. They probably forgot what oil looks like, they got so much dust in their eyes from previous blanks. All of those previous drills were meant to be gushers.
I and many others ask the reasonable question...WHY will there be oil this time after the failures time and time again. Laughable really.
But....there's money to be made like there always is on 88e as this company never fails to draw a crowd bizarrely. Buy in now, ride her up to the crescendo of excitement around results.....and SELL SELL SELL BEFORE results, and you realised that all the excitement was for a pile of dust. Nice little earner doing that here.
Rinse and repeat like clockwork every year. Lovely jobbie. Been doing that since before you were a member of this board buddy. Maybe check post history a little further back.
What duster? Omg, you are obviously a newbie here. Never mind, hammer and chisel at the ready to add your name to the infamous 88e wall memorial for those who have succumbed. Many a fallen comrade have made the wall over the years.
I make this the 6th cycle of 88e annual rampathon. 6th cycle....it means previous 5 cycles ended in dust.
And you ask what duster.....tsk tsk tsk.