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Yes, Halespur. I pretty much echoed the thoughts of the holders on the board this morning. My knowledge of AIM and the MMs is limited,but learnt quite a bit from the posters here.
What are peoples thoughts on what Fortune may be looking at to address the current situation - I assume moving off AIM ? Imminently!!
Or could be a combination of the above and news.
Any thoughts
forgot to say.
I am sure the character who appeared this morning with a new name, and knows about the company etc will be the first in the line as and when he/she required us to treat him/herself as and when required.
Hi all
I do not post here very often, heavily invested for myself for over 2 years now (not long I appreciate compared to many here) and still 50% down. Not going to sell etc
I emailed Fortune this morning and got a reply soon after - see below
Fortune Mojapelo
10:59 (3 hours ago)
to me
Thank you Andrew for sharing these.
Will take the comments here on board. I can appreciate the frustration of shareholders here. I am as frustrated. Important thing is there is something we can do about it and we will.
Kind regards
Fortune
What he plans to do I have no idea. I have emailed Chika a number of times previously, who takes an age to reply, with comments on PR/comms etc, but nothing appears to have changed. I am surprised on their lack of use of e.g twitter, which many companies use frequently.
I have no idea how the MMs manage to control the SP so much, but from the evidence over the last 2 years that appears to be the case to an extent. How that will change also I have no idea.
I left the NHS in January, volunteered in Cambodia for a while, and because of this terrible situation we are currently in have gone back .To know of at least 50 of my colleagues to have dies is heart breaking but for all the 'corruption' within the NHS (yes there is) most clinical staff enter for for 1 reason - to care for people . That is what we will continue to do.
I hope FM sorts things out ASAP, and I am very disappointed in their apparent lack of concern for many people here who have supported this company since the early days.
Also very disappointed in his comment last November during the Crux interview - The SP will look after itself.
No idea what he thinks, but he must have been told so many times about leaving AIM .
Anyway hope all genuine holders are well and keeping safe
Andy
How do you plan going forward Alpha. One option surely is to get BMN BOD on board. I have no idea otherwise. I suspect lawyers together with your analysis etc will be required.
Not sure how I and many others here can assist, although many would like too
Just ariived heathrow after 2 months awsy. No health screening etc. UK look like have taken the option to allow most people to possiblt become infected and acquire immunity. Isolate older folks. Many theories on the best way to deal with virus. This method may prevent a second spike
Times now are bleak, and may get far worse before they get better. But stay calm, the world won’t end, and when it doesn’t, the green light at the end of the tunnel will be a lot closer than you might think.
I wish you all very good health, and a calm head amongst all this turmoil.
Apologies for so many pages. The link did not work and had to copy and paste on my phone. 1 page with no. 3 at the top is duplicated
Right now, I would be looking to learn as much as possible about what’s happening in the energy industry, what experts are saying and what changes have already happened. Then I’d be looking for the best companies, the ones which could become the oil majors of the future. There’s a lot out there to read and learn, but investing time in this once-in-a-100-year megatrend will be more valuable right now than watching every flicker of the stocks you own.
For me, renewable energy and the new technologies driving the energy transition are a one-way bet.
Green may be just one slot on the roulette wheel, but in the long run, it’s the best choice for investors.
And I know oil will dominate the energy landscape for plenty of time to come.
But if you’re looking for growth, for rising revenues, new supply chains, new technologies and business models, then by dipping slowly in now, you could spend the next ten years confidently waiting and watching the change happening to the world, and your portfolio.
That’s exactly the kind of investment I'd be looking at right now. And I’m not the only one. Just look at Tesla, which for me was a real sign of the peak of the bull run. Its parabolic spike was insane, but it reflected huge investor demand for these companies of the future.
I apologise for the bombardment of positivity, especially after such a nervous start, but I often find people don’t realise the extent and force of this trend.
But for me, it offers the greatest opportunity of any right now.
I understand the people advocating buying oil stocks for their steady plodding and their dividends while prices have been hammered – I don’t think barrels of oil will stay at $30 for long or forever either. And the dividend yields look very attractive, and cuts now will probably be caught up later on. I’m not advocating a 100% green energy portfolio by any means!
Scale, technology, investment, education, efficiency, material improvements, collaboration – all these forces are driving improvements in these clean energy solutions.
New business models using subscriptions offer consumers immediate savings on electricity bills, offer taxi and delivery fleets lower costs per kilometre, offer business better energy efficiency and the added bonus of some good PR, and offer homeowners more control over their own supply and demand.
Oil giants know this, and most coal and gas utilities are already being killed off. In my own home, our renewable supplier is cheaper than any regular alternative.
The world’s people and its politicians are behind it. Policy is favourable, public sentiment is growing rabid.
Fuel taxes cause riots, while renewable power offers cheaper long-term costs for drivers.
The trends are clear, falling costs, increasing capacity, undercutting the competition, flexible, reliable and decentralised, so you can charge your EV in your garage with solar power from your roof, and it’ll charge faster and drive longer each year.
Instead, there are roughly two options that I think are available now. Think long-term trends, and dripping in as the market falls.
Why? Because the world will change, and in the same way as very few people called the top, very few will call the bottom.
The current drawdown is unique only in speed, there have been more than ten drawdowns in the S&P 500 over 20%, and only three of those passed the 40% mark.
So give up trying to predict when it’ll turn good. It might be tomorrow or it might be in 18 months. Great investors and thinkers have said both in recent days.
The signs of classic irrational exuberance were there. It was a melt-up, and now we’re having a meltdown.
Remember, a lower perception of risk means an increase in risk.
What can we do? As always, we must bring it back to the ultimate question, buy or sell? (I’m talking strictly about equity markets here by the way.)
Red or black, madam?
Having said all that, it’s basically impossible to guess what’s going to happen, and knowing how to profit from the unfolding of these remarkable events is even tougher. Trying to beat the average forecast for the next three or even 30 months is probably no better than dropping it all on black in the casino.
And don’t forget, I am but one analyst talking about what little I know. Plenty of investors with deeper knowledge of other sectors (corporate bonds, junk bonds, government debt, emerging markets, currencies, aviation, the eurozone) are all also writing of extreme concern.
This is a pretty bleak outlook from me and I’m sorry for that.
Remember not to buy too easily into the corona-narrative. The virus is only the trigger; the reason markets are falling so far so fast is that trouble has been brewing and building up for a lot longer than the virus has been around. Overconfidence, overstretching, overexuberance, neglect of risk, the feeling that things can only go up, celebrating all-time highs, explaining why central bank policy means it’s different this time, stocks like Tesla and Virgin Galactic going north in a vertical line...
Politicians and central banks are endlessly solving the last crisis, which means no two are ever the same. Comparisons to 2008 will not help us here.
My two spaces to watch are these. Firstly, shale oil, which is the mortgage market of today. Overexuberant lending, low returns, a hamster wheel of doom when only new projects could sustain the debt levels accrued from the old. The unwind will require widespread bankruptcy or some kind of bailout or debt jubilee.
Secondly, asset management. A lot of risk has moved to the fund management and investing sector, as low interest rates encouraged risk taking and borrowing. Never a good combination. Somewhere there is a fund that was overoptimistic, and highly leveraged, and it’s blowing up. Expect gatings and illiquidity.