Core Vct I Share Discussion Threads

[morph7] 30/12/2016 21:38

Perfect. Really appreciate the heads up. Wasn't looking forward to several hours at the laptop tomorrow with a hangover so that's good news!Good luck all for 2017.

[kemche] 30/12/2016 21:32

Morph - 6am 3 Jan.

[morph7] 30/12/2016 20:50

Didn't go in the stock challenge this year. Silly question but when is the closing date for 2017?New years eve for a guess...? If it is then I'll find time to enter tomorrow.

[kemche] 30/12/2016 20:43

Hi Shauney,

Thanks. More luck than judgement I think :)

I think I would have been up for an ear transplant had her indoors done better than me - not to say anything of the very ignominy of the whole thing.

I think the SGI results seemed to have been baked into the price so there may have been some relief reaction there.

[funkmasterp12] 30/12/2016 20:29

Utterly disastrous year on the SC for me. Went for one stock which looked promising then descended into total chaos (Lakehouse), some supposed Zulu stocks which turned out to be more Oompa Loompa than Zulu and my beloved INSE which, as any holder knows, does nothing ever.More luck needed next year!

[shauney2] 30/12/2016 17:02

kemche,well done on doing so well in the SC.

Just spotted that SGI released their results today just as the brokers were getting the first round in.Very naughty.

My heart would have been in my mouth but it seems they were ok looking at the chart.

[shauney2] 30/12/2016 16:28

Having had 4 companies i held taken out at a premium 2016 should have been a brilliant year for me investing wise.Now it has been completely ruined!

If Brexit,Trump and Leicester were not big enough shocks, my pinpicker Mrs has only gone and beat me in the Annual stockchallenge.



I can hear it now 'you spend all that time doing so called research.It only took me a couple of minutes and i still beat you.I reckon your looking at porn'
Bless her!
There is always next year.

Well done to the WINNER mreasygoing for pipping stig in a very close finish.

[cpap man] 30/12/2016 12:10

KOD



Well over 500M KOD shares traded now with buyers dipping in prior to the early market close of 12.30 p.m. today.

[cpap man] 30/12/2016 12:07

DERR



DERRISTON CAPITAL [DERR]



Just fully listed has DERR with some major backers [see below]. AIMHO & DYOR but my suggestion is to BUY on any short term dip at say circa 15p



Former Dominos boss Stephen Hemsley and serial investor Nigel Wray are backing a new venture in medical technology that will list on the London stock market next week after raising £2.3m from investors.

The company, Derriston Capital, will float as a cash shell with the aim of making its first acquisition in the med-tech space three to six months after listing.

Mr Wray, known as the Buffett of Britain, and Mr Hemsley, who is chief executive of Unitedhealth Group, each have an 8pc stake in the business, having invested £200,000 apiece.

The new business is also backed by property investor Warren Todd, through his vehicle Courtney Investments, and Harry Hyman, founder of Primary Health Properties, a real estate investment trust focused on healthcare. Other big-name investors include Hargreave Hale, which as a 10pc slice in Derriston.

Derriston’s finance director, Rodger Sargent, said Derriston’s first purchase would be a company, rather than a product, to give it instant scale, staff, infrastructure and a distribution network in which it can pump other products into.

The strategy is to find medical devices that are already on the market, but which are under-invested and unloved by their parent companies.

Derriston will acquire them into the cash shell through a reverse-takeover, outsource areas such as manufacturing, and ramp up sales to drive volume growth and bring costs down.

“These products are basically non-core to giant med-tech companies,” explained Mr Sargent. “If you have a product with X turnover, and others with 500 times X, you won’t focus on the smaller ones. But we can take those, give them some love and attention and greatly increase the distribution and sales.”

He said there was a growing market in the med-tech space for devices which are perhaps not the very best, but acceptable, lower-cost solutions for health authorities around the world which are coming under increasing strain from burgeoning and ageing populations.

“We have had a decent look around and nothing is definite yet but we have a wish list of companies we are interested in,” said Mr Sargent.

“Where we think we can really generate decent returns is getting into a particular genre or niche, be it by the technology type or the geographic region. The key will be forming relationships with distributors or clinics and sell a number of different products into the same distribution network. That is where operational gearing will come from.”

After the first acquisition, Derriston might consider moving to an Aim-listing, which would allow it to raise money through the tax-efficient Enterprise Investment Scheme as it looks to expand its portfolio and tap investors for more cash.

The shares will list on December 29.

[andrbea] 30/12/2016 11:50

zin, some say 5p next year (see zin thread)

[love it] 30/12/2016 11:19

CRAW for the bounce

[cpap man] 30/12/2016 11:13

ANGS



ANGS [FINALS]



30 December 2016



Angus Energy plc

("Angus Energy")

Annual Report and Accounts for the year ended 30 September 2016

Angus Energy plc (the "Group") is pleased to announce its audited accounts for the year ended 30 September 2016.



A full copy of the Company's audited annual accounts for the year ended 30 September 2016 ("the Accounts") is being posted to all shareholders today and is also available on the Company's website, hxxp://www.angusenergy.co.uk/



Extracts from the Accounts are set out below:



CHAIRMAN'S STATEMENT

It is with great pleasure to share with you Angus Energy's first annual report as a public company. 2016 has been an important year for Angus Energy with key milestones culminating on 14 November 2016 with the Group's £3.5m raise through the placing of new shares and its admission to AIM under TIDM: ANGS. This capital raise allows the Group to pay its share of the costs of the planned works at the Brockham oil field in which the Group now has a 65% interest and a new production well at its Lidsey oil field in which the Group has a 50% interest.



The Group (Angus Energy plc and its subsidiaries) is an independent onshore oil and gas development Group focused on advancing its portfolio of licensed UK assets. We are a team of petroleum industry specialists with a proven track record of operational excellence and fiscal discipline.



The Group's operated production fields provide conventional, low-risk exploration and incremental production opportunities that are cash flow efficient. The conversion to a production well of an existing well at the Brockham oil field and the drilling of a new horizontal well at the Lidsey oil field should provide a stable platform for the Group with strong cash flow generation to fund further growth. The work that has now commenced at Brockham will provide a first step in exploiting the opportunities within its existing licence portfolio. In addition to targeting an increase in production from the Portland production reservoir, the conversion will also assess the hydrocarbon potential in the Kimmeridge layers that were tested successfully in the adjacent Horse Hill Licence in the first quarter of 2016.



In order to position for further growth and delivering shareholder value, the Group implemented significant structural changes during the financial year ended 30 September 2016. It successfully made the transition from a private to a public company with robust internal processes and procedures. We expanded the Board with a second executive Director in November 2015 and at Admission to AIM with three non-executive directors. The improved structure will assist in delivering the Group's strategy of increasing production and recovery from its existing asset portfolio, growing the asset portfolio through select onshore development and appraisal projects and to continually manage costs and risks.



Financial and Statutory Information

Revenue from oil and gas production during the year was down 83.6% to £0.073m (2015 £0.446m) on production of 2,936 barrels, a decrease of 78% over 2015. This decrease was the result of the shutting in of both the Lidsey and Brockham oil fields on 31 January 2016 in preparation for the site surface upgrades to be fully compliant with the upcoming license renewals and prepare for the drilling of the new wells.

The Group recorded a profit of £0.119m (2015 a loss of £2.038m), driven primarily by the successful divestment of the Group's remaining interest in Horse Hill Developments Ltd following the successful well test results in early 2016.



Following the admission to AIM and the raise of £3.5m through the issue of new shares the Group has a strong cash position and is fully funded to pay its shares of the coming work program at Brockham and at Lidsey.



Outlook

Following the conversion of the Brockham well and drilling of the Lidsey-2 horizontal producer the Group expects to have a net production by the end of the next reporting financial year of approximately 150bopd, in line with the P50 production guidance as given by Xodus in their CPR.



Our main operational focus during the coming period will be:

· Continue and improve production from the Portland reservoir at Brockham and assessing the hydrocarbon potential of the Kimmeridge layers and Upper Coralian

· Drilling a new horizontal production well at Lidsey



We will continue to manage our cash resources and exposure to risk carefully and will continue the process of increasing production and recovery from its existing asset portfolio. We will also continue to review opportunities that match our strategy and add shareholder value.



Lastly, I would like to thank our shareholders for their support and the continuing efforts of our small, dedicated and professional team.



Jonathan Tidswell-Pretorius

[cpap man] 30/12/2016 10:18

KOD



gunner7130 Dec '16 - 08:50 - 945 of 949 3 0

apf the traders flushed out early doors for a profit NOW this is blowing buck to the .20s today then come the 4 jan and bgs offer from the china we will see another rem re rate to 1p+

remember we have double the acreage of bgs and we are right next door to them with excellent sample results already !!

[cpap man] 30/12/2016 09:38

KOD



It must be Friday KOD an' chips day!

[warwick69] 30/12/2016 09:26

For those that follow charts the recent rise in NGR has triggered a golden cross 50 dma has just risen above 200 dma Directors will be in closed period but last director buy was at 15p well bid today after mm taken this down some 60% from recent spike

[andrbea] 30/12/2016 09:18

kod, stock of the day so far
also up
zin 7, mka 4

[johndee] 30/12/2016 09:04

IRG...share shortage, NT for buys over 1m shares. News close.

[dice1950] 30/12/2016 08:57

CLP
2 MMS on 1p already went 2v1

[cpap man] 30/12/2016 08:50

KOD



Absolutely flying now are KOD

[cpap man] 30/12/2016 08:49

LOL maytrees ref: KOD

[yawn1] 30/12/2016 08:46

Seems likely Nick