The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good point Sean, that does sound like a possibility. The amount companies like BP and Shell pay out in dividends yearly could pay for a dozen sites like Immingham. BP paid over £6bn I believe last year....
Also regarding the SP I've felt frustrated but 6p looking extremely strong is a good sign. Sort of what 2p looked like several months ago.
I disagree that it's just for PR because that is very cynical. I don't believe any serious players would completely disregard this technology. It would be somewhat foolish to do so without checking it out and seemingly progressing to the point that BA and Shell have options for a third of the Immingham plant.
I do tend to agree with the funding for a takeover though and being cool until they have sorted their own issues out. I would expect in the next 6-12 months that an economic recovery will be well underway and the FTSE is back around 6500+. To mentioned a 16 month deadline for a decision on Immingham...... Perhaps things will heat up prior to it.
You mentioned a takeover yesterday and although I'm not sure who would realistically try right now I think it could be good for investors. Especially if it was a company like Shell. More resources and the FT technology would accelerate development.
What do you guys think?
Thanks mate, it's difficult at times because it's almost life changing money. Even breaking even would be a massive relief and so helpful. Good times ahead!
Good luck guys, I'm averaged at 8.3p. Hopefully 6p is now the floor so we can all make some money.
Who here is currently in profit or loss (on paper at least) with VLS?
I'm in a loss and can imagine basically all long term people are as well. I'm interested to know how many people are actually in profit.
So it's feasible to believe that any major announcements that may be made will be before the 16 month expiration date. That's not a long time to wait given we have basically lost 4 months of this year already. Hopefully something positive.
Thanks expat, that makes sense although the losses still seem very high. I would hope that they would be a fraction of that in 2020 with the objective of now raising money/negotiating with their partners etc
How can they make these kind of losses when they aren't operating with many staff? It's as if they have 100 staff to be paying millions on salaries. I would like to know what salaries they earn
The FT is the crown jewel. In reality for commercial success VLS needs Altato Immingham to be a success desperately for it's long term future. But the reality is that if Altato is a success it's 1 plant that can be replicated a thousand times over. The FT of VLS is the golden goose and Altato is the first golden egg.
They have so far sold reactors and are currently working towards building the Altato Immingham plant to which they have planning permission. Shell and British Airways have an option to each buy a third of this plant. I would believe that VLS would receive money from sales of the fuel if they retain a third of the ownership of this new plant themselves.
I can see where expat is coming from. It seems like a follow up to the main news of agreeing the initial sale. But it's a nice milestone and VLS can be proud of fulfilling the order. It's like everyone's first job/first salary pay.
That's a great post Sean.
It may have been short sighted of me to be honest but I first invested and held VLS for around 2.5 years so it is frustrating. Maybe it wouldn't be so problematic if the economy was in a better place / less worry about jobs etc. I won't go too much into detail but hopefully I don't need the money from my shares for my next planned home move bit it would have been nice to have some extra fat.
What do you reckon today, 4p? Another £1000 loss
That's the quote and I like it, but mine is just part of the reality.
I would also add that it's a way of transferring wealth from those who are not wealthy, to the wealthiest people of all.
What bothers me is that it shows as very little buys day to day and you get those huge buys after closing. 2.5 million / £790k buy yesterday which does not seem to be even acknowledged. Then these much smaller 200k share sells seem to be a category hurricane to the share price.
As a counter argument I'm with NEST (but have stopped my contributions for personal reasons) and it has an option to invest your money in safe or more risky stocks to potentially grow your pot more quickly or lose money. So I believe that this £5.5b would be divided accordingly based on how many people opt for their chosen option. Let's say the risky option is less popular it may be worth £1b of the £5.5m total etc
Hi smoking dragon,
I understand the feeling. Had I stayed with Glencore I would have made over £1k rather than a paper loss of £1800 with VLS. That's more than a month's salary with what feels like an age to get paid in the current situation. I feel very stupid for investing in AIM after making some money again with Glen.
I'm not giving up on VLS though and feel it will come good. Just not sure on the time frames based on what I need personally. I should have just drawn the money out and closed my ii account which also charges £10 a month.
Fair play Freedom. I hope it works well for you mate.
Personally i'm starting to regret buying back in after selling Glencoe because my average is now 8.3p . I won't be adding anymore in VLS because I've been stung too many times. We need some significant news.