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SCoutS voting for Boris was the only sensible thing they could have done. Had they not then the Tory party would be finished. Brexit is happening whether you like it or not. We just have together over with. Had we had him back in 2016 instead of May then it would all be sorted by now. 3 years wasted. There's no going back on the vote but at least now there is an end in sight to the uncertainty. If they didn't elect Boris and accepted a deal that isn't really Brexit then at the next GE the Brexit Party would have decimated the Tory vote. This could have led to a Corbyn government. A Marxist government that wants to overthrow capitalism is far more scary than Brexit. By a very long way. After Brexit is settled and people realise it's not the end of the world we will have a new period of growth. It's something to embrace not be fearful of. Yes, our shares are down because of the uncertainty but it's only temporary. With Boris and a No Deal Brexit the nightmare of a Corbyn government looks further away then ever. Thank God.
You're looking at a share issue several times the current shares in issue. That's massive dilution. Personally I can see this going to 1p, if the company can avoid administration. If I was in I would be cutting my losses and reinvesting in companies with strong balance sheets to get it back. Don't invest in companies with debt that's several times the Mcap. Get a cash cow. Rockrose are coming out of suspension soon, if there's any weakness due to institutions having to sell because of threshold limits then there could be a great buying opportunity. I've done the same. I lost loads on a share and totally changed my portfolio. Stuck it in companies that are undervalued with great balance sheets. Rockrose and Reagal petroleum. I never thought I would make my losses back but will easily do this on re list day. Don't lose every thing like the FLYB guys. All IMO of course.
My golden rule is to never by companies with female CEOs. They aren't good leaders.
Well done.
I feel for those invested here. If there's one lesson to learn it is to think twice about throwing your money into a company with debts that they will clearly struggle to service and eye watering pension liabilities. Carillion were the same, always going down with that pension liability. If you are going to invest in these companies then don't go all in. Some people got in on the takeover hope. Did these people not learn the lesson from FLYB? This has been a very high risk share for a long time. If you're after dividends then there are better options out there such as Lloyds. Unless you are in a dead cert or like a lot of risk then don't go all in. I'll admit my whole portfolio is in one share, RRE. It was a dead cert though. A company like DEB should only ever be on the fringes of your portfolio.
I'll put my neck on the line and say there is no other bidder. Who would want to go near this mess?
I see the dreamers are still here. There is no happy ending now for IOG. Without the dilution the company will become insolvent. With dilution your shares will end up being worth a few pence. On top of that there's no way they can fund the field developments. I normally feel sorry for investors that lose out but there has been a lifeline here that only a few took and plenty of warning that was ignored. We were called chancers and more for offering double your placement price. Where are those rampers now? It's the bondholders that I feel sorry for. They could have had a chunk of their money back in a short amount of time. The BOD and administrators are nothing short of a disgrace.
We RRE holders tried to warn you about how bad your finances were. I was thinking when the debt deal was announced that anyone that didn't sell when it was over 20p was mad. I couldn't see any other way you would get more than 20p for share. Even a farm in would have meant massive dilution. It was plain to see.
The shareholders of IOG would get 23p per share and IOG's assets would be swallowed up by RRE. There's no dilution to RRE, all the IOG shareholders get is that 23p per share.
RRE holder here. Some people on here seem to be a bit delusional with what they want with talk of 40p minimum, and RRE shares included. That's not going to happen. If the next offer is near 30p then you should jump at the chance. You have already been offered 50% above this morning's Mcap. A higher offer will come I think. But remember, if it falls through then all of your gains will be lost anyway. Don't base things on your current Mcap as it's only that way because of a take over offer. Let's be realistic. IOG isn't in a very good place right now. Conditions aren't great for farm ins and your debt is massive compared to company value. Without a deal of some sort the share price will go back down to this morning's level, maybe lower, and then dilution is very likely. Even 15p will never be seen again, never mind a 20p share price. That's if you avoid bankruptcy. Be realistic in your expectations and don't do what the idiots over on FLYB did. They were talking of 50p minimum and ideally £1 per share. Complete fantasy for a company in trouble.
My original investment in VOD was at 205 back in 2014/15. I collected a couple years worth of dividends and sold the lot at 230. I thought I was being silly selling a good dividend paying stock, apparently not. It's now back on my radar and am in again at 133 as I think that's roughly the bottom. PE ratio is a bit on the high side but as a long term hold with a good dividend % at this price and 5G I think it'll do well.