Angus Energy Share Discussion Threads

[chickndinner] 15/1/2021 19:31

I'm sure there are other investors who would like to ask questions on the Q&A but have been deterred after the data breach when GL publicised username alan2017 personal details!

[an ode to aaag] 15/1/2021 19:17

I'll start with JTids,

Starter question - do you know what impact the Volcker rule had on bank's internal hedge fund operations? Would you like to reconsider your statement.

I assume you haven't worked in the hedge fund industry for the past 10 years...

[clottedq] 15/1/2021 18:39

Sorry... I guess it must be Dear Odd?

1) I really am not Yorkshire Life? I am a Londoner... I live in Kingston Upon Thames... 55, married, 2 children.. good enough for you?

2) Your assumption (and theirs) is dependent upon a successful loan arrangement. Terms explained in the RNS are that Angus will pay for the third party to undertake due diligence until late February and possibly later - I presume you conveniently forgot this? And let's not forget... Angus have never met a deadline to date... so anything they say should be taken with a pinch of salt and a few months added! Hence my suspicion that another "interim" placing may very well be required.

3) Anyone lending to Angus will undertake due diligence and very quickly reach the conclusion that A)They have a NIL record of operational success B)A poor record of financial planning and are cash strapped and minus ANY viable near-term income streams. The outcome of this is that any potential lender will insist on draconian terms and conditions which naturally will affect the share price and dilute current holders.
You may not be aware that the current market cap of ANGS is only circa £8 Million. They are looking to borrow £12 Million!!!!!!!!!!

4) The concern here is that we have not seen figures and best estimates seem to imply that Angus do not have sufficient cash - at present - to meet those reserves. Unless and until those figures are RNS'd... I strongly suspect (as do many others... including The Market I suspect) that those funds are being used to fund the day to day running of the business.

5) I say "inside" in the sense that unlike a private investor's relationship with management... this partnership will be one of equals in which the major shareholder gets preferential treatment and opportunity to sell / buy with better timing. They may choose to short their holding at an opportune time for instance and will undoubtedly discuss this with management to prevent conflict.

6) I doubt it will come as a shock to Malcy that he is paid for his interviews... or that companies pay him at strategic times to promote their placings or help them bolster their SP's? His "promotions" serve a purpose for which he is paid... and given Oil's bad run for the past year... beggars can't be choosers. The fact he earlier told us "Angus were uninvestable" still rings true to my mind - as this assessment came after Tidswell's coup to remove Paul Vonk and replace him with a man with ZERO oil & gas experience: George Lucan. Nothing has changed - other than the share price has hemorrhaged a further 80% of it's value since Lucan's arrival and they have run out of cash. Hardly an improvement & reason for a change of heart as far as I can see?

7)The only well Angus has ever derived income from is Lidsey (which they have now shut in!) So "ALL" assets have consumed vast quantities of shareholder cash and yet - to date - have contributed NIL to the coffers. I call that record "100% FAILURE"... but if you have a different phrase for it... I would love to hear it?

CQ (Not Yorkshire_Life);-)

[jtidsbadly] 15/1/2021 18:36

Kindly refrain from trying to teach me the banking industry! It’s comic. Many investment banks have hedge fund arms, some act as incubators for potential hedge strategies and managers. He even said he’d been running a hedge fund! Dear oh dear.

I’m not focused on the huge losses shareholders here have suffered, but I think the management should be. As I said earlier, he’d have been out on his ear before the humiliating 23 September disclosures in a proper company. And he would not have been allowed to stand upon the order of his going. He’d have had to go at once.

[an ode to aaag] 15/1/2021 18:22

Guys, I'm really interested. Are your lse bans permanent or do you have a chance to appeal? How does lse contact you, do they send out an email. What does it say? Does it explain the banning process?

[an ode to aaag] 15/1/2021 18:17

Have you lost some money then JTids, an 8/9th drop in value sounds quite a sore point. I thought Rastuss/JTids had never invested. If he'd never invested then he wouldn't be so focussed in a drop in value. A drop in value is positive for me as it means there's a greater velocity in the rebound 😉

PS you don't manage hedge funds in banking. You manage hedge funds by working for a hedge fund. Seems like your fancy use of language is an affront for a lack of real knowledge of the industry - can you get me some port please...

I think gkb was leading the charge on reporting investors on the better board

[jtidsbadly] 15/1/2021 16:45

I don’t know about spelling but I doubt any of the regulars on this site would attribute “they shall beat their swords into ploughshares” to William Shakespeare!

As to the quality of the analysis here, I’d prefer to rely on JA51, Wolfofthewoods, gkb47 (a visitor but likely to become a regular?) ClottedQ and others, than on the (permanent?) MD. He’s missed every target and assurance, by huge margins, and been shockingly economical with the actualité since he committed Anguish to Poundland. He’s what the Americans (I don’t necessarily mean the boys at Aleph) refer to as a “four flusher”.

[an ode to aaag] 15/1/2021 16:42

Dear Yorkshire Life,
Here is a list of what you have got wrong:
1. I’m not called Odious
2. Cash position: We are told Angus aim to “close Saltfleetby loan documentation before the end of January and begin drawdown very shortly thereafter.” As such, if they do then I’m not sure why you see the need for a placing if we are talking a couple of weeks. Are you in possession of MNPI on Angus’ cash position which leads you to a different conclusion?
3. Dilution: why will the penalties and costs associated with the loan docs be highly dilutive to shareholders – there will be a grant of 30 million shares, I calculate that being around 4% dilution. If that’s significant then you are a pretty tough taskmaster YorkshireLife
4. Decommissioning liability: I don’t see the concern here given cash has been ring fenced and the current market cap doesn’t value the oil assets in any significant way. What did you think to UKOG’s RNS today, that could be positive for the Weald?
5. What makes you think the stake builder is on the inside? They invested in UJO and Reabold I believe. They definitely made money in UJO via an increased share price (good for all investors)
6. Are you suggesting Malcy P&D’s stocks. I’m sure he won’t be pleased to hear that. I’ll drop him a message. I recall everyone latching onto Malcy’s comment when he previously said Angs was uninvestable, funny how they pick and choose when he’s a good or bad news outlet, eh,
7. Angus drilled the initial successful HH well, they flowed at Balcombe. Only Brockham was a let down, but PV was the cheer leader on that one.

[clottedq] 15/1/2021 15:47

Dear Odious,

Yes, I am proud to fall into the J.A camp... i.e: look at all the relevant FACTS & decide what's really happening from there.

My assumptions at present are as follows:

1) The much heralded oil assets are now virtually worthless & likely to cost more than their cumulative value in decommissioning liability.
2) Angus are running low on cash... will probably need at least one further placing before they manage to secure their £12 Million loan and - even should they do this - the penalties and costs associated with it will be highly dilutive to shareholders.
3) The current stake builder are on the inside and will be assisted by the BOD to make money - whatever happens to private investors... they certainly will NOT have PI's interests at heart - of that you can be sure IMHO. Angus BOD have already shown themselves to be less than trustworthy (JTP's dishonest share fiasco!) (P.C's previous director debacles!)(GL's assurance on Saltfleetby costs!)
4) The reason for the "paid" pump & dump Malcy interviews, the MM support for the share price and the cheer-leading mantra on the BB's is to encourage investment from P.I's (the kind that fall for the hype and don't ask too many difficult questions). Unfortunately there are not too many folk left in the investment world who don't know that Angus management have never - to date - managed to achieve any of their own goals. Hot air they do in spades... but delivery has always been "ZERO" - just like their current liquidity!

Please feel free to correct me if I've got anything wrong.

CQ ;-)

[an ode to aaag] 15/1/2021 15:40

Early beers chickndinner? Or, your spelling is nearly as bad as Ja51's. At least I know JTids is a separate poster as he can spell properly 🤣

[chickndinner] 15/1/2021 15:24

An ODE you ain't kidding know one. 🥱

[an ode to aaag] 15/1/2021 11:49

It's actually a really great board JTids. Have you ever invested in Angus?

[jtidsbadly] 15/1/2021 11:49

.. and what difference does it make to a company’s liquidity that someone has built up a 7% stake? Really! Dear oh dear.

[an ode to aaag] 15/1/2021 11:43

How can you say Angus has zero liquidity when someone has built a 7% stake over the past couple of weeks. Do you fall into the Ja51 (Much of the information presented on the Boards by him is either plain wrong or simply wrongly interpreted) camp?

[clottedq] 15/1/2021 11:41

Dear Odious - multiple ID man...

Cheerleading folk to invest in Anguish is like encouraging lemmings to jump off a tall cliff right now.

We both know the facts:

1)Whatever funding is achieved will dilute existing old / and new shareholders to within an inch of their lives...
2)The existing decommissioning liabilities far exceed the value of assets.
3)Angus have NEVER delivered on any of their goals to date.
4) Lucan seems to have difficulty adding up and has so far underestimated the costs of Saltfleetby by "SOME CONSIDERABLE MARGIN" and yet still continues to bluff and bluster with the older profit expectations... as do his merry band of cheerleaders.
5) ANGS has ZERO liquidity and even the false "managed" share price cannot disguise the lack of daily interest in investment which would be a BIG RED FLAG to any potential loan company right now.

CQ ;-)

[an ode to aaag] 15/1/2021 11:13

Ja51, what's the point at looking at your posts if they are wrong. To quote Angus "Much of the information presented on the Boards by him is either plain wrong or simply wrongly interpreted."

I also believe you were suspended from lse, is that permanent?

[ja51oiler] 15/1/2021 11:07

Am odious....... (AKA the one with many mames)

Yes, that is me.....What is your point? You are well aware my history is available on the other site as JA51. You may want to have a read and see if I have got anything wrong!

As I responded to the company and asked if they could point out where I had been wrong I would apologise! They failed which tells me all I need to know.

They also failed to answer subsequent questions asked on the Q&A and were forced to answer fudged ones after being forced to as they were published being asked on Twitter!

GL also failed to answer the question I asked on the CC regarding whether the CIRCA £10 million costs for the pipeline DE-Commissioning will now be shared 51-49% with SFE after the September all costs now shared RNS.

I am simply one of a small army of PI's who have been diluted to the point it isn't worth selling. Stick around long enough and you will be joining us!!

PS. It just goes to show the Calibre of the company. Publishing a question blaming a PI for a 95% price drop whist ignoring the fact it was entirely there actions that caused it!

[an ode to aaag] 15/1/2021 11:01

JTids - have you ever invested in Angus?

[jtidsbadly] 15/1/2021 10:52

“Success at Balcombe and Saltfleetby is the only thing which will silence such detractors.”

Haw haw. It looks like such detractors won't easily be silenced then, what?

[an ode to aaag] 15/1/2021 10:42

Ja51, I just came across the following on www.angusenergy.co.uk. Is it true that much of your posts are plain wrong?

There is a poster on the LSE forum chat board called JA51. This poster has the grand amount of 1 share by his own admission and constantly criticises the Angus share no matter what good news comes out. He has posted over 1360 posts and not one has been in praise of Angus. Indeed he was the author of a list of 20 questions asked last month to the Board.

My Question is this….. Can this person not be silenced once and for all as he is doing my sizeable investment in Angus Energy no good. Asked on 20 February 2020

I sympathise. We received yet another question from this overwhelmingly negative poster last month. They are normally framed in the inflammatory language of an investigative journalist i.e. “Can you confirm or deny such and such” with dark hints of wrongdoings here, there and everywhere. Much of the information presented on the Boards by him is either plain wrong or simply wrongly interpreted. We attempt to answer all his assertions here, if only to rectify the misinformation and to show that we are genuine in our attempts to communicate openly with investors. Success at Balcombe and Saltfleetby is the only thing which will silence such detractors.

[ja51oiler] 15/1/2021 09:51

This one made me chuckle!!

"Never stepped foot in their offices"

Where exactly are the Offices? " Am odious," They said they gave notice on Chiswick back in September?

I very much doubt the Earl of Clanwilliam would have ventured to Chiswick or to any of the subsidiary Companies addresses in Scotland. So your statement holds little water anyway!!

[clottedq] 15/1/2021 09:29

JT,

The only thing I am willing to congratulate the Chiswick Mob on is their connections to the MM's:

IMHO, it is truly a feat to marvel that the share price can be artificially suspended above 1p for so many days on insignificant wafer thin trades... and dropped by a few percent at the close... just so it can open "up" the very next day above 1p again... to give the impression something is "actually" happening...

... but this is Anguish of course... so it's all just smoke and mirrors AGAIN IMHO

CQ ;-)