Gasol Share Discussion Threads

[the_boy_plunger] 17/1/2019 13:09

SYM pot. tgt 10-11s (min.

[the_boy_plunger] 17/1/2019 13:08

Watching GBP off 1.5s pif

[the_boy_plunger] 17/1/2019 13:08

Watching SHG off 4s various pifs

[the_boy_plunger] 17/1/2019 13:07

VOG hit pif lo today, albeit rights issue lower.......projecting price rise potential?!

[the_boy_plunger] 16/1/2019 20:22

VOG breaks down to next pif.....17-18.5

[the_boy_plunger] 16/1/2019 13:24

Watching ARCM off 2.5s po lo

[the_boy_plunger] 16/1/2019 13:24

Watching AMC off 2.8/3s po lo

[the_boy_plunger] 16/1/2019 13:24

Watching VOG off 19s po lo

[racinglad] 10/9/2018 09:36

GASOL PLC in Administration.
Statement of administrator's proposal posted on Companies House, details can be viewed in a few days.
Sorry end to what looked like a good prospect. However, not sure what went on behind the scenes, looked corrupt!
Coincidence that the Afren court case has just started.
Good luck all for future investments

[biggerthus] 09/7/2018 21:59

Tera, interesting article from Malta. So what happened to the Malta exit cash? Surely some of that is ours...???


And just noticed that they dropped;

GASOL LNG IMPORT LIMITED
29 Jan 2018 Amended full accounts made up to 31 March 2015



And it has 1 more page than the 9/2017 version.

Haven't the time tonight, but spot the difference ?

[victim12] 25/5/2018 11:04

No accounts yet - but I bet some of them are still drawing salaries and expenses !

[teraferma] 25/5/2018 04:52

Gaping hole in Gasol audited accounts after Malta exithTTp://www.independent.com.mt/articles/2018-05-20/local-news/Gaping-hole-in-Gasol-audited-accounts-after-Malta-exit-6736190137#.WwHU4w4DOWI.twitter

[victim12] 07/1/2018 15:08

Gasol PLC 2015 accounts are on Endole - but where are the 2016 accounts ?

[biggerthus] 07/1/2018 01:08

Thanks Tera.

So still not Gasol PLC's accounts, just a subsidiary.

Not pretty reading though as the loans escalate up through GAS & then again to Afgas presumably, or perhaps also Cooper.

So 85% of GAS's total assets (£6.3m in 2015) are loans to related parties (see above), yet they apparently owe £4.7m to the subsidiary Gasol Energy Import Ltd.

Moneygoround.

[teraferma] 02/1/2018 19:14

biggerthus



12 Sep 2017 Full accounts made up to 31 March 2015

[biggerthus] 29/12/2017 17:51

Tera, can't open that link, but page 50 on the 2014 report mentions Klone already as ultimate owners of Afgas.

If you can check the link & repost I'd like to see that. Thanks.


hxxp://www.gasol.co.uk/media/31360/gasol_plc_2014_report__accounts.pdf

23. Ultimate Controlling party
At 31 March 2014, the Company’s immediate undertaking is Afgas by virtue of its 65.7% holding, a
Company incorporated and registered in the Seychelles. The ultimate controlling party is the Klone Trust the
ultimate parent company of Afgas, a private company
Afgas has entered into a relationship agreement which restricts its ability to appoint and remove directors.

[teraferma] 18/12/2017 22:00

GASOL LNG IMPORT ACCOUNTS

Makes interesting reading, for all the wrong reasons!

Read Page 20 regarding Gasol controlling party, Klone trust (mentioned in the Panama Papers)

[victim12] 06/12/2017 10:05

I too had an e mail from Wigley saying that they were about to publish their accounts . It would be nice if AFGAS offered to buy my shares

[racinglad] 06/12/2017 09:21

Report on LNG

file:///C:/Users/User/Downloads/SPR_051217_1512472710578.pdf

but no mention of Gasol!

[teraferma] 16/10/2017 21:38

So the lady who highlighted corruption in the Maltese government and also gasols part in the electrogas Malta deal, has just been blown up in a car bomb. Very sad. Worth reading some of her blogs on gasol.Malta blogger Daphne Caruana Galizia dies in car bomb attack - BBC Newshxxps://apple.news/AX42k65X0Rmu5HzKf1uyzlAhttps://apple.news/AX42k65X0Rmu5HzKf1uyzlA

[biggerthus] 22/9/2017 23:18

wansze, yes I thought that was odd.
My understanding was they were quietly booted out of Malta, but it remains unexplained. Then the mention of a sale.

There is an entry for £1m ish received in the accounts as a contractual payment, but they reported a bottom line loss in the low thousands for the Malta project.

That's all mentioned further up the document.

[biggerthus] 22/9/2017 18:39

Teraferma,

Many thanks again for that. Good to know not dead yet so somewhat reassuring, although loads of question marks from that report. Were I a forensic financial journalist I'd have a field day.
But I'm not, and I can't de-ramp as shares aren't tradable, so just a couple of comments.

- Bert took £240k out in 2015
- Cash gone from £11.7m to £74k
- AFGAS (controlled by Bert) are major shareholder, yet they owe GAS £4.5m
- accounts state that future cash requirements & debtors are assured by AFGAS
- but AFGAS can change their mind about that at any time, & let GAS fail
- Iron Ore? (AIOG) WTF is GAS doing investing in, then writing off iron ore punts?
- Seems GAS is handing out cash & guarantees left/right/centre, then writing them down
- and they're mostly related parties.
- auditors won't commit to the accounts as not enough info'. See page 9, saying;
- “Accordingly we do not express an opinion on the financial statements.”

Have to say well done for renegotiating the bonds to end 2019, but it's a miracle result considering that BHs will usually rape & pillage any company in default just because they can.

Am pretty sure there are some clever cynics out there who might suspect something along the lines of it being a money churning/laundering op, with the BHs' cash being recycled through GAS to subsidiaries, and then written off.
However, I'm way too under-qualified to come to that conclusion, so I'll just sit tight with fingers crossed.

But great that you -and others- are still around to help with info on what the hell is going on, so thanks again!

Last thing. As a shareholder, do you get these reports from the Registrars (Neville) ? I just discovered that my old broker had the cert' issued in the wrong name so I have heard nothing since they delisted.

Cheers, BT.