Member Info for Wigwammer

Amtech has been saying the possible dilution keeps a lid on the price at 3.7p, 4.7p, 5.7p, 6.7p, 7.7p… sooner or later he has to get something right by pure chance. I suspect the willingness to asset purchase may change if/when the psychology of the market moves from anticipating a cyclical reversion in oil prices, to acceptance that structurally higher prices are here to stay.

Entirely depends on what someone is willing to pay for them, of course.

As for buying/selling/bluff/bluster/semantics.. yes I’m sure you’ve spent a lifetime wasting peoples time with that … in the meantime, those who acted on my posts will either have a material booked profit or capital gain, those who acted on yours will have nothing. ATB

It will both help with the reported debt ratios, and increase the marketability of the assets, if they want to explore that option. No great controversy there.

I agree, nemo. Asset management is another route to reducing the debt, and the current environment will only be beneficial to the valuation of what they have.

Actuallu amtech, I informed this board when I was buying and when I was selling. And anyone who followed me would have made 100%+. Of course, anybody who followed you wouldn’t have anything to sell. ATB

Well it’s nearly 1% of the equity. Shifting that amount of any small cap on a usual day would be difficult. But the point is - there has been plenty of liquidity for an average PI to be in and out over and turn a decent profit.

??? Low trading vol.. ok 4corners. I held over 8m shares at one point, and had little problem shifting it. I suspect the reason to hold is not the immediate rebound in earnings, but - in a world of structurally higher oil/gas prices - the longevity of those recovered earnings . ATB

4corners - I have to wonder whether you are cut out for this investment malarkey. When you say the shares are “sinking fast” - the context is the shares are up well
over 100% since the cash raise 9/10 months ago, with the retracement looking like a small blip. With respect, something of an overreaction.

The company is entirely investible. I invested a large sum at 3.3p and have sold into a liquid market with substantial gains. Those gains were driven by a reduction in the risk premium attached to the company as a result of signing new contracts, increasing day rates, and general buoyancy in the oil production market. Some people predicted those things and got it right, others preferred to focus on the negatives, and got it wrong. It is unfortunate for those who bluff and bluster through life, that when it comes to markets, there isn’t any room for them to manoeuvre. It’s there for all to see - in the price. ATB .)

Carats must be up to no good. No well meaning person with any ability can seriously have looked at this in the 80’s and believed it was going down.. :)

Ps… well done to all of those who bought PDL in the 80’s and below… which is pretty much everyone here EXCEPT gecko and carats… has been an informative board and so far - a nice earner… I suspect there is a lot more to go for .. :)

For those who haven’t guessed, gecko and carats are the same poster. Both were negative on PDL in the 80’s - possibly short - so are obviously looking pretty dim at the minute. As for parabolic rise - oh that was just to wind carats up. Imagine the look on his face when the Russians got taken out of the market, and he realises his loss making short might get a whole lot worse.. :-o … priceless :)

The opportunity of course if this dramatic change in diamond supply gets quickly built into forward expectations for PDL. Which could lead to a parabolic rise in the share price. ATB

You don’t think moving the accounting deficit from £250m+ to a surplus is a big deal, in the context of a company with a £400m market valuation? I suspect it warrants a comment in 180+ posts, but to each their own. The interesting thing about the actuarial deficit and the added payments is that in the event the best estimate is realised, those payments return to shareholders in the form of surplus asset.

“I'm afraid this a red herring so there is nothing for the market to 'wake up to'.” Well I’m afraid there’s a few red herrings in your post too. First, for valuation purposes - absolutely key here - the accounting deficit represents the “best estimate” of the size of the deficit, or surplus now in this instance. The actuarial deficit on the other hand is a more conservative estimate, effectively a fabrication by actuaries to cover their backs in the case of unexpected circumstances, but not much use for valuation purposes. Second, in the 180+ posts made here today I can’t see anything about the key move from deficit to surplus in the pension funding. So I suspect quite a few people ARE waking up to it. So thanks for your response, but suggesting the change in the accounting deficit is not as important as the actuarial deficit when assessing the equity case is a red herring, and the suggestion that everybody in the market already knows about the switch to surplus is proven incorrect simply by a cursory read through this board. ATB

The less that is owed to pension holders, the more that is kept by shareholders! That £255m switch from deficit to surplus is worth more than an additional 12p to the shares. When the market wakes up to this - and the shorts need to quickly wake up - we’ll see a rapid change in sentiment. ATB

Agree Panama. Fact is - the shorts are closing and they need your shares. The following is a nasty surprise for them, hence they’re out in force here…“ The total net defined benefit pension position for accounting purposes moved
from a net liability at the start of the year (liability: £252.1m) to a small
net asset by 31 December 2021 (asset: £5.8m). ”

Incredible - tangibly unburdens the enterprise value .. “ The total net defined benefit pension position for accounting purposes moved
from a net liability at the start of the year (liability: £252.1m) to a small
net asset by 31 December 2021 (asset: £5.8m). ”

It doesn’t have to pay off debt! It can sit in cash! It’s the NET DEBt number that’s key and that will fall when the disposal receipts land. Too many try harders here - shorts desperate for your shares!