Member Info for valueseeker

Looks like Delia (Prince) has been on the sauce again ;-)

Hubenstein

Good luck, but I think fwiw your holding is a bit excessive. This is going nowhere for the foreseeable future, the very scale of ii selling suggests that to me. I think fwiw this is headed lower - prob to retest the lows again. All imo - dyor.

Weird unfathomable share. Wish I hadn't bought last week on the belief this was a reopening stock. Ah well

Loadsa buys yea but tens ( if not he hundreds) of millions of sells over the last 10/11 months.AK may know how to run a company but he don't care a fig for the sp in the short term.

Lbh or we could see massive dilution again thats what the mkt seems to be expecting ?

Interesting that Fidelity have now completely sold their not considerable holding.Always wonder what the thinking is on the minds of these institutional holders when they buy millions at 56p, 38p, 35p,28p etc etc and then can't wait to sell in single digits???

Agadem - in that case I must have missed it, fair enough. I just heard soon and shortly during the meeting

Agadem - Not sure we have been definitively told results are due tomorrow? Chairman said " shortly" at the last webinar, AK said "soon" - no point in setting up a false deadline? Some on here seemed to assume 30th September but there is an additional 3 month timeframe arm...

Trustilie - wondering what makes you think that?

Calibar processing increases - and the knock on gas offtake effect 27mmcfs should by estimates mean 10 to 20 %increase on estimated revenue to save -if I have got my numbers correct so dyor!

Nothing really to complain about, has delivered consistently despite covid. No debt going forward, gas environment improving, will look to add when this settles / short term traders are out??

Nice....pretty respectable performance..quite a lot to read..

There are ways and there are ways to get a sp to move. If there is a seller take them out with a buyback( no brainer - in fact, extremely canny at these prices) even if there is no " big seller" (at rock bottom price when the company is delivering???? ha ha) announce a share buy back that will have same effect. Why not????

Makes me think there are no previous bond holders selling big...

Nice to - yes there are many different ways of doing it , all would have a very positive response. It is strange how all of the IIs were happy to stump up to find the acquisitions ( the orig and the enhanced gas processing deal) at 35p and 28p but no one interested in buying a few million at 7p to bring down their average. Institutional investors own 67% of the co remember.

Agreed.As I posted months ago, a modest or even not so modest , share buy back at these levels is an absolute no brainer.

Much better value and VALUE ENHANCING than a divi or even more acquisitions at this stage.

AK has proven he is a competent and shrewd operator. I cannot believe he is not planning or already initiated a share buy back.

We know we are prioritising debt repayment and already achieving this but a few million can ALWAYS found for such a pretty amazing opportunity to buy back shares at a quarterishv(28p) and a fifth (35p)of the placing prices for the acquisitions!

In fact AK may well have set plans in place for MMS to accumulate for a purchase in one go. It deals with any bondholders that need to sell ( at a 75% discount???) and is extremely value enhancing all around.

I may be no financial wizard myself, but I would be borrowing the odd 5 or 10 million from one of the many facilities we seem to have all over the place. What better use?? The opportunity won't present itself forever. (AK - as u may gather I already thinking u r doing a good job but grab this now!):-)

Gas on the rise again today and gas stocks seeing some big rises ( jkx etc..)

Wow, stellar performance imo on current circumstances.54m cash at 30th June! Mkt cap neat covered by cash! Guidance 200m for 2020!!

I agree with Zengas. Even if we can't have audited results at this stage, any update would be very much appreciated esp, cash collections, new customers, Niger plans/ progress, refinancing terms etc...etc...

The Seplat results are an interesting read. Business conditions and the covid situation improving in the country, debtors situation improving and state/ gov agency payments being received/ improving