Iog Share Discussion Threads

[bountyhunter] 01/9/2023 13:44

Well, the slow and painful descent continues, even Del appears to have seen the light, none of us are happy with this company's catalogue of failures

[dunderheed] 01/9/2023 13:23

Well, well, well????

[wh123] 01/9/2023 12:48

well well well

[jaknife] 30/8/2023 10:16

For the reasons already set out above ... nothing!

[mam fach] 29/8/2023 18:26

Last chance for top up or to average down?
All or nothing?
GLA

[bountyhunter] 29/8/2023 18:00

Even the FTSE has significantly underperformed since pre-pandemic especially when compared to the Dow. In particular the FTSE-250.

[andrbea] 29/8/2023 14:58

Roughly two-thirds of AIM constituents are trading negatively since the beginning of 2023, highlighting the market’s poor performance in general.

[wh123] 29/8/2023 14:27

ROBBIE scaling out of IOG

[johnjames876] 29/8/2023 13:19

Robbie is slowly not talking about Iog

[wh123] 29/8/2023 12:36

Where Robbie? Scaling in to #JAY the mug...not selling a "BEAN" here

[mam fach] 25/8/2023 14:37

Hoping we see upturn up to close.
Closing price might suggest news next week.
GLA

[scrwal] 23/8/2023 13:25

It was also a private placing to new shareholders only so basically middle finger to existing holders and at a 20% discount to last weeks close.

[jaknife] 23/8/2023 12:14

Johnjames876,

re your post 5,858:

"Robbie has sold out hence the big drop he is now buying Jay"

Have you see that JAY have placed today at a mere 1p to raise a pitiful £600k?



JakNife

[blackhorse23] 23/8/2023 09:54

Will be bust by next month!!! I have switched to ENQ

[wh123] 23/8/2023 08:42

Down she goes....

[avenue_of_revenue] 22/8/2023 16:29

In for a punt. All time lows. Gas prices rising. Lots of issues to sort out but if one whiff of positivity and share price rockets. Updates imminent.

[onetomany] 22/8/2023 14:15

I'm too busy for that. Happy though making money on the rebound.

[thegreatgeraldo] 22/8/2023 14:08

You should contact the company, share your insight & suggest they borrow the cash to pay off the bondholders

[onetomany] 22/8/2023 13:43

Aussie strike not relevant, just a momentary spike to enjoy. Gas will exceed £3 this year regardless of how many degrees it is in December. It's all about Ukraine war and Chinese consumption. Both are going underpin a £3-4 price range for the next 2 years.

[thegreatgeraldo] 22/8/2023 13:34

2theary22 Aug '23 - 12:47 - 5869 of 5870
0 0 0
Nice trade back up to 2.75p plus this time :) Gas heading to 200p per therm for starters … can’t see how it won’t rise much more maybe not as high as 650p this time round but I certainly think near to 400p



..& if Europe has another mild Winter & the Aussies settle their pay dispute? What's your crystal ball saying then?

[dunderheed] 22/8/2023 13:31

Blimey - something positive along the way - that would be a pleasant surprise!
Best of luck all.

[g2theary] 22/8/2023 12:47

Nice trade back up to 2.75p plus this time :) Gas heading to 200p per therm for starters ... can't see how it won't rise much more maybe not as high as 650p this time round but I certainly think near to 400p

[jaknife] 21/8/2023 21:28

Goldennuggets87,

”If the bond holders were going to “step in” they would have done so by now.

Why give them a wavier till end of Sep and add 5 mil to the bond if they thought it was going under ;)”

Because such things take time. Cineworld began discussions with its banks in May 2022, failed its financial covenant on 30 June 2022, went into Chapter 11 on 7 Sept 2022 and was finally placed into administration on 31 July 2023.


forfaiter1,

”JN what a load of rubbish.....do you really believe everything you read from analysts? they have not allowed for a drastic increase in the gas price in their analysis and you know it....”

Have they? Or haven’t they? It sounds as if you haven’t even bothered to read the paper?

What if gas prices were to double? What would IOG’s revenues be between now and Sept next year? What cash would be available to repay the bond that’s due then? Can you see how a miracle doubling of gas prices still leaves IOG hopelessly insolvent?

”If the bondholders were so keen to seize the assets surely they would not have given the extension and already claimed the assets..........cash flow is irregular in this industry and the bondholders know that ..........why would they pull the plug before the winter period starts in earnest.....and not allow the company to recover and start paying the bond interest as normal....remember they still have £20m in cash and the first bond payment in an escrow account.....waiting to be paid....”

IOG have defaulted. There is no law that says that the bondholders must wait and see *IF* gas prices spike just in case. On the contrary the bondholders are completely within their rights to just step in and seize everything now (or at least when the waiver expires).

But hey, you don’t have to take my word for it. Simply wait another six weeks to see *IF* the bondholders are a charity rather than an angry group that feel let down by management who want to maximise their recovery by ANY possible means.

JakNife

[forfaiter1] 21/8/2023 17:57

JN what a load of rubbish.....do you really believe everything you read from analysts? they have not allowed for a drastic increase in the gas price in their analysis and you know it....

If the bondholders were so keen to seize the assets surely they would not have given the extension and already claimed the assets..........cash flow is irregular in this industry and the bondholders know that ..........why would they pull the plug before the winter period starts in earnest.....and not allow the company to recover and start paying the bond interest as normal....remember they still have £20m in cash and the first bond payment in an escrow account.....waiting to be paid....

Sure its risky but I would not want to be short at this level with an erratic gas market in the back ground....GL

[goldennuggets87] 21/8/2023 17:50

If the bond holders were going to "step in" they would have done so by now. Why give them a wavier till end of Sep and add 5 mil to the bond if they thought it was going under ;) Big spike in gas prices incoming Shorts will get burnt to the ground