Blanketstacker
11 May 2015
RESULTS Free cash flow -£1.22mRevenues down 20%Operating loss £1.2mThese results are truly appalling, not just disappointing.
Chockdee
17 Apr 2015
Re: CREEPING UP... Been here since 2005 and topped up in 2010!! Doesnt time fly! Had a lot of faith and was well up untill Gib disaster, but now 85% down!! I was really expecting a strong recovery when the legal case got sorted but the positive steps taken lately seem to be getting ignored in the SP. My feeling is that this will recover but it will be slow burn and needs to avoid any significant negatives along the way. I am sticking it out as not much to loose.
valuemanbuyer
17 Apr 2015
Re: CREEPING UP... Ceo painted a v rosy picture last year at Sharesoc event and its been anything but so far .Credibility lacking now so needs to start winning if he ever wants to show his face again .
Blanketstacker
16 Apr 2015
Re: CREEPING UP... Hi value, Hi RabI can see a drop to c8p if the results disappoint in any way. News has been patchy to say the least, so we all remain in the dark. In the long term though I think there is real value here.
Rab Munro
15 Apr 2015
Re: CREEPING UP... I've noticed that the price of oil tends to have a large bearing on the SP too. Maybe more short term falls to come, but eventually oil must go up from here, surely!
valuemanbuyer
15 Apr 2015
Re: CREEPING UP... blankDon't know about the share price but I think the trend will be upwards if the news flow improves .with the rebuild of Gib,sale of ship to reduce cost and increased sale of CTUs I expect results to improve substantially this next year
Blanketstacker
14 Apr 2015
CREEPING UP... ...to the annual results on 11 May. This seems to happen each year, so I can see this getting to c17 before the date and teh inevitable retreat in disappointment when teh results appear.
Rab Munro
06 Jan 2015
Re: Director buys This is a very small amount when split across several directors. I would want to see a much higher amount invested before I'd see it as a good sign.
Blanketstacker
06 Jan 2015
Director buys Since what was effectively a profit warning a week before Christmas we have now had five director purchases totalling 412,000 shares. That is around £50k in outlay. You can take this either way. Is it a mark of confidence, or is it damning the company with faint praise?
Blanketstacker
22 Dec 2014
Re: MATERIALLY BELOW... Well, we had a small purchase by a director today, but only £11k worth. The price is also making a very small recovery, but this might be just reflecting a rising market. Like you Ms D I will wait for further news before buying again. The analysts are now suggesting oil will languish for a year or more. That suggests to me we will see 9 before we see 15. I remain midly confident here but the situation is much more fragile and vulnerable than it was twelve months ago.
valuemanbuyer
19 Dec 2014
trading statement I may be a mug but i believe the weak sales and continued losses are due to delayed contracts as stated rather than lost sales .They have increased management and costs to diversify ,have not rebuilt Malta yet where the costs are currently too high and delayed v .profitable oil Ctus and stu's have impacted too.This could go on during much of next year Imho but I will wait and average down when the news flow improves .this is for the patient investor - £30k down so far!
victorjohn
19 Dec 2014
A 33% fall in one day looks an over-reaction A share price fall of 33% today to 11p looks excessive. Recent company and oil sector news has been bad but not that bad, I think. A buying opportunity for those brave enough.
dandigirl
19 Dec 2014
Re: MATERIALLY BELOW... Blanketstacker: Succinct post. This always looked like a share for 2015 - maybe that should be 2016 now given that at best new business is unlikely to be generating much before the latter part of next year.Interestingly for me: No mention of insurers picking up the £120k Gib. fine. Not sure that insurers would pay out for what actually happened. Maybe we have to see the actual numbers to see if there is an offset.As you say there is another Gib. matter. It is not clear to me who is due to pay whom and no indication of how much? I bought a few on the basis of the director buys. I should have listened to me and waited! Silly me.But as the value is not material to me I too will hold on but this time I WILL wait until there really are signs of a turn around before contemplating buying more.
tejo
19 Dec 2014
Utter disaster I am afraid that this share has, for me, been an utter disaster and in all probability it will sink in stages into oblivion. Bad luck but also bad management I am out
Blanketstacker
19 Dec 2014
MATERIALLY BELOW... ...is the key phrase here. Some contracts are delayed into 2015, but more importantly income is declining due to the falling oil price. There is another dispute with the Gib government too. The cash in the bank will now sink to zero or below, as we are looking at a £2m loss on teh year.. The new CTU and STU bring a little relief, but not enough. I am holding on here, but not adding yet. This will probably sink below 10, and if there is more bad news sub-8.
