Ovets47
06 May 2015
Re: Interview with Edmund Rowland Chairm... El Kel, I don't believe you read what I wrote, which is that I completely disapprove about the ending of the divi, but that there could be a legitimate reason for having done so, which Rowland bRat should have communicated.I'm also well aware that bRat may well be an unscrupulous devil with an even more unscrupulous father holding the strings very tightly in the background.
El Kel
06 May 2015
Re: Interview with Edmund Rowland Chairm... ...someone has 30% of a company he can do a bid for the whole lot on a mean price paid over a certain period.---------Ekati - hmm, interesting. I confess that I know little of substance or fact about AIM company law as fkl is the only share I have ever bought as a serious share. The others have been bought as pure gambling punts so I never did much research. Just had a quick shufty on what you refer to here and it seems like I'm going to be forced to read up more on the potential implications of a Rowland raid on my investment. I'm certainly never buying another AIM share as an 'investment' - punts only!Thanks for the pointer.
Ekati
06 May 2015
Re: Interview with Edmund Rowland Chairm... And as it's an AIM share, although we've all probably let ourselves forget this fact due to good old faithful fkl behaving like a ftse co these past 10+ years, Rowland and his private equity mob can do just about anything they want.__________ __________ __________ __________ __________ __________ __________ _______I haven't checked the rules on AIM for this share but I hope it isn't so here ( like PGD ) that when someone has 30% of a company he can do a bid for the whole lot on a mean price paid over a certain period.
El Kel
06 May 2015
Re: Interview with Edmund Rowland Chairm... As it is, FKL looks as though it's being run by a board that isn't sure what it's doing---------- ---------- ---OvetsRowland is a very sharp and ruthless man.You don't survive (and prosper) in the shark infested financial world of private banks and private equity companies by merely being the son of a bar s teward.Sadly, I must disagree with your views on the div.A good company never cuts a div without an exceptional and cast iron reason which is conveyed clearly to the shareholders, let alone completely pulls the plug.I want a return on my money, not some pie in the sky jam tomorrow flim flam.If I wanted that, I'd pile in to fogl.Fkl isn't being run by a bod, it's being run by Rowland and Blackfish.And as it's an AIM share, although we've all probably let ourselves forget this fact due to good old faithful fkl behaving like a ftse co these past 10+ years, Rowland and his private equity mob can do just about anything they want.I have no doubt whatsoever that he knows exactly what he's doing, and it ain't got sweet far quhar to do with looking after private shareholders' interests.That's a big chunk you've got in fkl but I also have a reasonable sum tied up here. I’m not twisting the knife on you as my words are hurting me too.While Rowland is involved at this level, I'll be looking for an escape route as soon as feasible.
Ovets47
05 May 2015
Re: Interview with Edmund Rowland Chairm... TX2, that's why I've got over £100k invested in FKL.Rowland bRat has not only got off to a very bad start, but he seems to be an appalling communicator, which isn't good for a company chairman.His pedigree isn't up to much either, unless you categorise people by how much their father has managed to grab.It's quite possible that Rowland bRat's FKL-related actions turn out to be astute. For example, there's not a lot of point in distributing profits in dividends, if you then have to raise similar sums of money with a rights issue, especially if you need that capital urgently. I can also see that if you're in profit with FOGL and need capital quickly for something more certain, cashing-in now, just when FOGL might find oil, could be a smarter move than some are saying.A bit of good communication would have been worth several pence on the share price. As it is, FKL looks as though it's being run by a board that isn't sure what it's doing - hence the current share price.
TX2
05 May 2015
Re: Interview with Edmund Rowland Chairm... Ovets47,whatever FKL has or does not have,or whatever Edmund will or will not bring to the party,FKL has very substantial assets that produce profits and have the potential to increase profits.In a world where cash deposits produce little return this is a valuable asset beyond historic book value.On a part by part basis I would value the Falkland business at around £20m presently but could be more if Falkland oil is commercial,The Momart business at around £12m with expansion possibilities,The Ferry business around £8m + cash on hand which could reach £15m this year.The problem is translating this to share value.If Edmund can find a good add on business it might help as the existing businesses can grow from their existing profits with money to spare.He has got off to a bad start by putting off his previous shareholder base,income investors,before replacing them with growth company investors.
corriedog
05 May 2015
Re: Interview with Edmund Rowland Chairm... sorry yes
Ovets47
05 May 2015
Re: Interview with Edmund Rowland Chairm... Sure you don't mean "FKL"?
corriedog
05 May 2015
Re: Interview with Edmund Rowland Chairm... I was concerned and emailed various questions to Edmund Rowland. He replied fully, promptly and sensibly.How do FOGL shares go up -Its asset value increasesIts profits increaseIts dividend increases.For the asset value/share price to double, FOGL shares needed to go up 20 times to £6. Not going to happen any time soon or ever.For the profits to double from £3m to £6m, you buy a company making £3m for £15m and share price doubles. They have £15m to buy such a company.The dividends will come later. Personally, I think that it is wrong to cut the dividend completely. I would be paying out £750k.This first deal will show what confidence to place in ER. Their family paid 320p per share.
doginafog
04 May 2015
Is it FKL? Falklands implements 'local content register' for companies to become suppliers of oil sectorFalkland Islands are implementing the 'local content register' the process by which companies can be recognized as local and thus become suppliers for the oil and gas sector, which is expected to continue advancing following the current round of drilling and successful discovery announcements. A first company already registered last 7 April.[link] soKR dif
Ovets47
02 May 2015
Re: Interview with Edmund Rowland Chairm... bRat's dad, David, looks a pretty unsavoury character, which doesn't fill me with any joy or confidence about FKL.However, I completely disagree that it's looking increasingly unlikely that there'll be an oil find in the FI, even though the current campaign is testing everyone's patience.Who knows what the Rat family has in mind. Maybe they're hoping there will be a big oil/gas find and with their interests in FKL, use that to start a major infrastructure programme in the FI, where they'll be the principal stake holders.Who knows, but from scrap metal dealer to reclusive property tycoon is not the sort of person I like to think is lurking behind the scenes, advising someone who's only recently left school. Can't see little Edmund being allowed off a very short leash until he can show dad that he's cut from the same cloth.
Ovets47
02 May 2015
Re: Sale of shares. Maybe this is what we've got in store for us:[link]
Ovets47
02 May 2015
Re: Sale of shares. I've been holding and accumulating FKL shares for years and really don't know what to make of Rowland Rat, except that post his accession to the thrown, has coincided the biggest fall in the share price, for no obvious reason, in all those years.Maybe he's an energetic genius, but he needs to demonstrate that, because I see him as an inexperienced bRat, who needs to get some real experience under his belt.I don't like the idea of an inexperienced youth serving his apprenticeship as chairman of a company in which I have invested a lot of money.My kids are in their 30s, very experienced and sensible with considerable business responsibilities, but even they quite often admit to me that they haven't clue what's going on at work and use me as a sounding board.I really hope that Rowland bRat has got a good sounding board, or two, in the background, otherwise I see FKL shares plummeting even further.Message to bRat:- show us that you know what you're doing.
Ekati
01 May 2015
Re: Sale of shares. Well, now that's out of the way, let's see what they have to offer us.Mr. Rowland, will you work in the interest of ALL shareholders? I have my doubts...
smashed crab
01 May 2015
Re: Sale of shares. Why sell now...if drill bit succeeds FKL win...If drill bit fails FKL win...Risk reduction my dear Watson
