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That is up there:

https://www.reddit.com/r/PredatorOilandGasPRD/comments/mj74iu/grh_valuations_pt_ii/

There are comments that cross refer now, I'm sure the mods can add that to the post

Yes I know, that is an odd request, and hopefully everyone is well aware that I am and continue to be holding long in volume. However, over the past few days, and in particular re-reading the useful info collated on Reddit, I realised there was a factor I am not aware of. I can see PG and team's positive background with their successes referred to, but does anyone know of significant failures that they have been involved in? They do happen after all and an understanding of how positive they were about those might offer some balance to one's consideration.

Thanks all

I've a large chunk in Sipp, around 700k shares. The only problem now is considering lifetime allowance. Any return of around £1.40 upwards and I may face hefty taxes on the remainder.

or 40p leaving 60p if is just bumping you to higher rate rather than additional rate

This is correct, and beyond putting these in ISAs or SIPPS the only alternative is to sell before the ex dividend date. One would expect the price to rise in line with the dividends, and let people who aren't facing income tax issues buy the shares. Even if the price only rises to 80% of the dividend value, thats still better than paying the tax.

Eg: 100p dividend, price rises by 80p to cover it, sell then and get 80p profit which after CGT is 64p.
vs
100p dividend at 45% leaving 55p.

Well a friend of mine started to take the plunge today. Lets get all the short termers out to free up space

Nice. I rode the dip down and am sitting on 2.9 now, but didn't manage quite such a large chunk in one go.

My list of shares in my main ISA looking a little sparse now, but well worthwhile.

There is no fate but that which PG makes

It has just occurred to me that many of us will be playing a very adult marshmallow test quite soon. £1m now or £10m if you sit patiently and leave it alone for a while.

The delay is normal isn't it? Look at the RNS for the issue of equity in May 2020 (most obvious one I chose from title). Those shares were issued for entry on the market after about a month.

I reached that conclusion myself on Friday - I have a couple of recovery plays where the price had plummeted but given a couple of years they seem likely to turn it around. No one likes a loss, but it just isn't worth me holding on and waiting when I can more than make up for it through PRD.

I tried a dummy sell right on the bell and was only offered 11.7. It wavered for a bit and did go up, but I don't think I saw any point where small sells would get 12.5. I can't see anyone getting that price moving s Million at once.

I hadn't picked up on that, but you are correct. It couples all at an advanced stage with express confirmation of substantive progress re the FRSU

Something I didn't pick up on first reading: The Company will explore these opportunities further and may invest in third party companies whose businesses could add value to the Company's existing projects.

Is the more interesting question what do you do on day 20? Will they be allowed to disembark?

Just seen MMM comment on Sadat's twitter that he wants to load up... brace yourselves.

We filled the last of my wife's ISA this morning right at the bell. Glad we timed that right.

I managed to push through a last little top up in the 8.6's this morning, since then its either been nothing to buy or pay at or over the ask. I had a feeling today may be another day for whomsoever is trying to buy in bulk.

Morning GRH,

It's well reminded that at least one company has been interested in monitoring PRD for so long on the EOR. That said, I don't see anything in the more recent RNS that indicates that the 5+2 (as it was then) interested companies had all approached since the results. It seemed to be totalling the number that were interested and so I would think already includes the one from October 2019. Is that what you had meant or is there another factor I've overlooked?

Thanks

Most of the time I have done a pseudo bed and isa I have taken the same kind of approach you propose. What a general rising period does allow is the potential of buying in the ISA and then holding off the fund & share account until the price has risen slightly higher. A bed and isa beating the spread and carrying a little profit with it. You cant always do this quickly (or at all) and I have had to wait weeks or months to implement it successfully in the past, but worth considering given the share momentum. I have also intended doing this and then just kept them all anyway if I've found I didn't need the liquid cash in the end.

I recognise I am lucky though, I'm self employed and I apportion the tax portion of every receipt into separate accounts which does give me access to short term liquidity for this kind of thing.

As always trying this kind of timing comes with risk so make a careful decision for yourself.

So allowing an approach along the lines of "you can buy this business from us for fair value or we can just operate it ourselves and keep all the profits" approach?

I can see that could then lead to higher distribution per share.