LGO Stream Log

SP looking good. more to come after this week methinks....Best Doji Wan Kenobi

Sufi iii Hi Sufi Hope you are well. Please see my high level comments on your thoughts below "Look at it carefully. 23 fields producing 150 bopd" To me this isn't an issue half of US conventional oil comes from this type of nodding donkey well. "Paid $5m or most remaining cash/cash flow to fund a business with sales of £600k and loses of £500k ish." In my view, AP losses are not what I would look at in this cycle of the business. I'd take a look at FCF. I think they have it now. And is exemplified by recent behaviour. . Re cancelled disinvestment of spain gettign new rigs. In addition the acquisition should pay for itself in cash terms in five years with no production issues. Im not to familer with ritson tweeting - sure you don't mean Leni, or maybe Im not following him? "Looks a bit strange to me as to why lgo couldn't wait 6 months n get to 2,000 bopd before buying". I would want it in the august CPR with a view to getting RBL. In addition I wouldn't be surprised if he wants to test water flooding on this field rather than gourdron as it appears to be in a later stage of the production life cycle. Only thoughts though, need to do some research. "Feel a nasty surprise coming from flow rates from gourdon I guess." The only nasty surprise will be from BB morons. I made this good value when flow rates were predicted to be 80bpd on goudron." Re any possible placing, Im not ruling it out, but a funding placing is completely different to a placing that is used for acquisitions and I am actually open to the idea if it generates value. Can't imagine it will come soon though. I also would expect it to be gobbled by the market, much like the last placing which had a negligible effect on the price. Good luck with your investments and thanks for your thoughts!

can't buy on CS

muhahahahaha

change that too $2.1,, in the know

yankee 15:15 TMT: A couple of the more speculative TMT IPOs from the 2013 vintage have suffered as growing revenue and profitability have proved harder than anticipated (e.g. MoPowered (LON:MPOW) and Outsourcery (LON:OUT). Many of these businesses have merit and the current depressed share prices represent potentially interesting entry points. Incoming investors will need patience, however, as management rebuild confidence in the proposition. Cash rich overseas companies remain potential acquirers of businesses with interesting intellectual property and evidence of commercial traction. yankee 15:15 I just gave OUT a BUY rating: Outsourcery, the technology firm headed by Dragons’ Den star Piers Linney, believes it will still be capable of delivering underlying profit before tax in this financial year.r r The group said: “As such, the group believes it is still on track to deliver a normalised PBT performance for this financial year that is in-line with current market expectations.r r "The group has reviewed all aspects of its cost base and expect to produce additional annualised cost savings of c£1m per year from next financial year.”r r The company said it has continued to experience steady progress in generating revenue from its partners in the SME sector.r r Outsourcery, an MEN Business of the Year winner in 2013, added that it is in discussions with new potential strategic partners with “large customer bases, significant sales forces and material revenue opportunities.”r r Meanwhile, it said its work with Microsoft Corp on the build-out of its secure cloud platform is on schedule, within budget, and due for completion this month.r r To capitalise on its first-mover advantage, Outsourcery has partnered with other middlemen such as Vodafone, Virgin and BT, who have agreed to try to sell Outsourcery's services to their existing business customers. The partnerships could eventually prove very fruitful but Outsourcery has already been working with some of them for years - and as yet the relationships have not translated into substantial sales. As finnCap's Mr Darley expounds: "Our preference...is for direct sales to a tighter niche. Nobody would really want their company's sales success to be decided by Vodafone's lame duck that is Cable & Wireless, or the attention deficient behemoths that are Virgin Media and BT when wearing their channel hats."r r That said, on 28 March Outsourcery announced that one of its major partners had secured their first order. And on 3 June, a smaller channel partner signed up their first customer, too: global engineering group Lloyd's Register. The values of the contracts were not disclosed, but it's a start.r r Edison's base-case discounted cash-flow model calculates a per share value of 525p should Outsourcery meet its revenue projections for the next five years. That would make the shares, at 28p, a potential 19-bagger. Both brokers highlight the key risk to their forecasts as "timing on partners securing deals".. ....

topped up again @4.00

just topped up @4.1

Shares will close 5.5

Thank you BuyBAO,, I am usless with this stuff