Member Info for YorkshireLife

"Angus Energy- You couldn’t make it up…

When I read the Angus announcement I thought that I was in some parallel universe, I’ve heard a lot of pony in my near 40 years in the sector but this takes the bacon. Ex Chairman, who left for a good reason as I remember, trying to sack CEO and replace him with Lord Lucan and Adam Habib which immediately prompted the resignation of Rob Shepherd (which is a very telling indeed). As for the financing and the £3m facility the less said about that the better. What a total shambles, whatever the quality of the asset this looks like being as close to uninvestable as it gets, your call…"

Malcy

Well - he called it right back then... over 95% share devaluation... Lidsey slowly drying up... failure at Brockham, delay at Balcombe, and the purchase from PoundLand and still all we hear are promises... promises... PROMISES... of future meaningful profit generation!?!?!

How long do Tidswell & chums need to score their first ever success?

I do wish business worked like this in THE REAL WORLD... but it doesn't.

Back in THE REAL WORLD failures are sacked and replaced by more competent managers... time is money and investment is precious... if you are not fit to lead... hand over the reins to someone who is.

Professional managers don't get the luxury of try and try again until you "hopefully" get something right - otherwise the economy would quickly go down the toilet - just like Anguish's SP and reputation has done under Tidswell & chums!

YL ;-)

"He's pretty frank and up front about it."

Yes I remember him being "pretty frank" about buying here - whilst he was selling down to invest in ARS. How did that work out for him I wonder?

Be "very" careful thinking that anyone here is being candid with the truth!

YL ;-)

I totally agree: 147 years an counting...

Over the years I have predicted a variety of outcomes on buy-outs over a range of stocks and the one thing I can claim to be 100% correct on - each and every time - is "overestimating the outcome!"

And I consider myself a realist!!!!!!!

If I share with you my belief that the buy-out on Havieron (should it materialize) will be between 13p - 19p, then anyone who places bets on 10p should be somewhere near the mark - if my past record is anything to go by.

Or could this be the "one" time I UNDER-estimated!?!?!?!

I bloody well hope so!

YL ;-)

Ocelot: "I have no personal opinion on JT-P"

So... you "constantly" defend someone you have no knowledge or interest in... you really couldn't make this up!

LOLOLOLOLOLOLOLOL

YL ;-)

SeeVee,

I - for one - sympathise.

Many of us have been there - on other shares. AIM is truly high risk and exploration comes at the very apex of the graph! Rewards can be fabulous on successful outcomes... but catastrophic on failure to deliver... and sadly - companies in this sector fail far more often than they succeed!

The one lesson you need to take from this is not to believe a word of the hype on these boards or even the RNS's from companies in this sector.

"Always" best to wait and see - and catch the coat-tails of any subsequent rise - take a smaller profit every-time rather than risk all as an LTH.

YL ;-)

https://www.bbc.co.uk/news/business-52172006

"YL, have never suggested risking "everything" in ANGS, don't know why you said that."

Ocelot I was simply suggesting that "any" amount of investment in Anguish is likely to lead to a 100% loss... i.e: an investor risks "everything".

Based on their record... there is far more chance of them going bust than making anyone (other than themselves) any money IMHO.

In good economic times Anguish proved to be hopeless failures... and look at the times we are in right now & likely to be in for some considerable time to come?!?!?!?

YL ;-)

Ocelot,

The only likely reward(?) here is further dilution.

Wolf & Sageman are correct IMHO: far better far safer plays in the market right now without risking "everything" on the serially inept management here to actually deliver anything of value!

YL ;-)

LL... LOL!

Only Angus that left me with messy buying pants - they still have "Tidswell" written all over them!

YL ;-)

"It appears that YL you admit that you are a dirty jobber who went in for a quick profit"

BUTD, Not at all.

I invested in Angus - for the same reason I invested in UKOG... I (stupidly) believed that they had discovered oil and were just months away from reporting how much they could extract. I was also invested in Sirius Minerals prior to their move to main listing (35p days). I used to like investing in UK industry and once had belief in them & felt that their success would benefit the local economy too. A win win. Not any more! And certainly NOT on AIM!!!!!!!

Well here we are, 2 years later and Sirius are bust, UKOG still haven't finished their share dilution spree (despite producing oil in quantity) and Anguish have systematically FAILED to produce anything at all other than share dilution. I deduce from this that UKOG & Sirius were overly optimistic and everything has taken much longer and cost more money than they ever thought... and Anguish Energy are simply useless and run by a BOD that are either a) rank amateurs or B) Willfully negligent... take your pick?

Q: Could there be any upside here for investors (traders) who have bought in just now at new lows?
A: Due to RiverFort death spiral finance overhang and the need for more money as a consequence of further delay... it is a cast-iron certainty IMHO that any rise will be immediately sold into. A clear indication of MM's view on Anguish is the spread of over 20%!!!

Try trading that... I dare you!

YL ;-)

I've never been a "bull" on Angus, Ocelot... although I did - long ago - fall for the hype.

Most rational investors re-christened them "Anguish" Energy after Tidswell's coup & dodgy sharedealing emerged... around the same time Malcy called them:

"un-investable!"

Nothing's changed as far as I can see... Tidswell (who appointed Lucan) still in charge & kicking the can down the road as usual. Yet more promises of delivery... yeah YEAH...

If past experience is anything to go by, then more dilution... more delay... more failure to follow.

Watch this space!

YL ;-)

There's no need for me to challenge "the message" Ocelot. It's been the same message from these amateurs all along:

promises... Promises... PROMISES - followed by delay... Delay... DELAY & failure... Failure... FAILURE each and EVERY time.

We all know the script... off by heart by now...

You've been here as long as me... you really should know what to expect here, Ocelot... quite why you still have faith in Anguish to deliver after years of wasted time & money is beyond me.

YL ;-)

Ocelot,

LOL! It is hardly a "weak argument" to conclude that a paid journalist is likely to be biased. Nor is it a stretch of the imagination to assume that a serial failure (Tidswell) is likely to FAIL yet again... despite Malcy's sudden (incentivized) U-turn.
YL ;-)

Ocelot...

Malcy is paid for his journalism (that's not a secret - and not intended as an insult) Just stating facts. Anguish will have paid him to do a puff piece. Fact.

YL ;-)

Ocelot,

Malcy' is paid!

He's probably not got many takers right now... so happy to take Anguish's (investor's) money and offer a positive spin for a few quid.

Aside from "yet more promises"... yawn, yawn, YAWN.... nothing's changed since his last assessment IMHO.

YL ;-)

Maddog...

My team consists of me... LOL. If others agree with me on here, then it's hardly surprising now is it - given the past record of this BOD?

My outlook and predictions are based on FACTS (quite what on Earth yours are based on God only knows!?!?!)

Nevertheless... since you've been posting about the "so-called" golden investment opportunity here... the SP has "always" gone down.

Feel free to lecture me "if" you ever get "anything" right.

YL ;-)

Let's face facts here:

Even in "good times" this company has been one of the most badly managed companies on AIM.

Toxic Tidswell still has his sticky fingers at the controls and now were in Covid 19 lock-down - out of which a substantial percentage of even well managed companies will most likely go bust.

Q: What hope is there for a lifestyle company like Anguish Energy?

A: None whatsoever IMHO.

Dear oh dear, MadDog... do you remember your quote from 2nd March?

Here's a clue:

"yorky/ there is such a thing as one to eat there own word and be as sick as a dog"

Well.. the SP was 0.675 back then... look where it is now!

I'm hardly going to be "sick as a dog" or "spitting feathers" by missing out on yet more and MORE share dilution and company Failure now am I. I've called it right so far and you've proved wrong almost as often as our BOD (you're not related are you?)

YL ;-)

Ocelot: "That's precisely where the opportunity lies."

"STILL" believing the word of a BOD who have systematically failed in each & every one of their own goals in the past is NOT "an opportunity" Ocelot... it's A LEAP OF FAITH... into a gambler's snake-pit IMHO.

According to Lucan, the share is already worth 4p plus (LOL)... But the MM's aren't going to take it there without concrete evidence and some serious buy-in's... which means there's little point investing right now until Anguish have at least surmounted Covid 19 / had planning approval granted / death spiral finance and further placings are done and dusted & the pipeline has been commissioned and approved too.

For the next eight months or longer there will only be further dilution... and the constant spectre of further FAILURE for the SP to contend with IMHO.

YL ;-)