The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I wonder what Arthur is up to right now. Probably dressed up as Santa handing out presents to children without a care in the world. I bet he’d be an awful Santa as well, over promise and forget to deliver. So far me waiting for some answers from the company has cost me more thousands. Merry Christmas
Well said Tonlin, particularly the stressful and uncomfortable ride bit. I also have chosen to hold because I want more information and the truth from the company before I decide my next move.
Currently a part of me is relieved, relieved that I will never again put another penny into buying shares in this company and maybe irrationally into any individual company no matter how big or small. The lies and deceit which I feel have been orchestrated and worse still, designed to take money off private investors like me have completely removed my will to invest. No amount of money that I could potentially make (which won’t happen) owning shares in this company would compensate for the stress, loss of time, and the feeling of being made a mug of.
I don’t want sympathy and don’t feel sorry for myself, I want to learn, and finally I have learned my final lesson when it comes to investing. From now on I will be the one who listens to those saying sti
ck to the FTSE 100 or a managed fund. Good luck to all the honest PIs on this board, I will slip out at some stage once we know the facts (if I don’t like those facts), or you never know I may continue to hold if I feel we’ve started to be treated with respect and honesty and I can see a route to making some money back. I certainly won’t be buying again.
All my views are my own opinion and I appreciate may not be facts.
I agree we deserve some answers. Maybe they are too cowardly to give us the answers as we won’t like it but I’d prefer to know the truth . I want some facts so I can decide whether I should sell or hold. At least let us know what the gamble is now. Furious
I’m long and find myself agreeing with AJEP , it’s concerning to see the share price fall at this stage of proceedings. However someone also posted that the financial mechanics being played out could be completely independent to how things are going operationally . This is my hope because if it’s not a falling share price when you hold cannot be good .
The bond holders sold down to these levels previously and then stopped and no doubt became buyers to help the spike to nearly 5p. It’s gone back down because they started selling again, they are in complete control until increased production is announced.
If we start to see increased production month on month and hit numbers required to be self sustainable and the bond holders continue to sell at least at this stage I’d be confident the financial mechanics are truly independent of the company performance. I would be much more relaxed . Then there is the JV.
This share is teaching me a very harsh lesson. I suspect we will bounce soon though. It's hit a point where even the most confident and level headed invstors must be concerned. I think the company need to come out and speak, how can they have nothing to say when the share perfomance is this bad. There are buyers about which gives me some hope.
I’ve enjoyed the small rise today. Tomorrow will be interesting to see if buying continues . Things hopefully turning and if this is the case then recent history suggests the share price can race up quickly. Yes there are more shares then when we last went up to above 4p last time, but we are also a lot further along in realising increased production (hopefully ).
I’m sorry for anyone seriously underwater and I don’t really know what’s going on . I’m hoping for a significant and fast recovery on some positive production news and just hope this is still market mechanics not based on the company performance (as in maybe we have turned a corner with production and we just haven’t heard yet). The bond holders will keep selling until the market is shown some increased production figures and then completely flip and we get a sudden reversal.
I do think it’s time for the company to tell us a lot more. With regards to the JV negotiations could they tell us that production is vital to it happening or if has nothing to do with it.. Set us straight,, fill in some of the blanks and maybe look like they care about us humble private investors.
I still think our fortunes will turn and I’m sure that’s why there is a lot of negativity from people that aren’t invested. They must be looking to buy in and maybe we are close to a pick up.. However I’d prefer the company to come out and speak as apposed to theorising why there are soo many trolls about.
Sorry again for moaning and good luck all share holders
Ra11adw2 I understand and agree in many ways with what you say. It just feels that it’s always wait another month. I wouldn’t be surprised that in 4 weeks time you will be saying the same thing again.
I’m certainly not a troll and optimistic about copl otherwise I would have sold my shares. I’ve actually substantially increased my holding. I am just having a moan as I’m frustrated at what has happened here since I bought shares.
So what is the market expecting by way of production ? It looks like flatlining is what’s expected. This is one agonising company to remain invested in. Such a juicy JV and production increase carrots being dangled but we always seem to be 6 weeks away from hearing anything remotely recognisable as good news. Please can we hear what is happening soon, good or bad, I just want more information and to hear the no nonsense appraisal of what’s to be expected.
Fastfood with all your intelligence and sophistication when it comes to investing can you not find a better opportunity to make money than here?
For someone who knows everything and has such confidence in themselves I find it strange you can’t find a share that has more upside more quickly for you. I know it’s silly conversing with you as you’ll learn nothing (as you already know everything there is to know about everything) and more importantly to me I’ll also learn nothing (because you don’t actually know that much ).
Please make your case in a much less smug and patronising way . I am happy to hear well researched opinions even if it’s negative. But telling people or trying to mock people for being wrong (when know one knows what will happen and when ) just makes you look like a troll.
Whatever happens some fantasy investors are always in or out at the right time. I’d imagine that numpty who thinks he’s an expert on everything bought in today on the rise and then sold at a small profit expecting the share price to fall back again. Now will have to pay more to get back in. Impatience and naivety in play.
Maybe I needed to say if production doesn’t go up in the next few months then we’ll stay here or worse. But that’s pretty obvious and in my opinion not the most likely scenario. No one here is ramping this morning . Stas highlighting panr and 88e in relation to shares in issue is worth pointing out and very relevant to our situation here. This share turned from these levels before with the same levels of despondency, it can do it again but production has to rise
If production goes up which it should then good news is on the way. Therefore it’s highly likely the share price should react positively in the near to medium term. As others have said not much else matters at the moment. I hope the JV is close but it’s still all about production until a JV is announced.
From a recent RNS and is obvious in any case
“Understanding the dynamic nature of the BFU reservoir has been our biggest challenge to date”
Let’s hope Mr Gupta is putting all his knowledge and expertise to good use. He’s had almost a month to have a look at the data. I’d love to know what he’s thinking right now. Hopefully he’s encouraged at what he’s seeing, maybe it’s still too early even for him to know?
When this turns it will turn sharply in my opinion. It wouldn’t surprise me if a few posters on this forum are stating they didn’t expect the share price to rise above their target in the next few weeks. I mean we’ve heard that before not too long ago. No one knows quite what will happen. Good or bad. The chances are ggs is working and production goes up. Of course we could keep bobbing around this level or even fall but I personally can’t see that.