As I noted either it will tank or its a multi bagger, no real middle ground.I cant lie, Im thinking of selling more LGEn and buying more. If Im wrong, retirement postponed by a couple of months, if Im right it changes a lot
but in a not totally guessing way I am expecting 3 bits of big news before the end of the year. If I am right about even 1 the shares will rerate. So when would I say my target for a re-rating is?
I too am pretty frustrated with Ecob, the problem as I see it is the locations they have gravitated to, East Europe, Africa ns South America - nothing ever gets done quickly. To me, I want to see some cash banked from Albania, it will be a big relief. I can see a likelihood of Senegal going ahead, I also think there's a very good chance of a decent contract in UK. Things take time and we'd all love to see the income, construction and ultimately a share price rise. I do have confidence there is a product to sell. Are there enough people selling it? I'm in for the long haul, I do believe.
Stop for the love of god doing Christmas predictions. HSR has done this so many times and seen so many failures on that front. Not saying there isn't potential here but like many other stocks pumped by HSR; the "x by christmas" line is tired and nearly always wrong.
A doctor friend of mine has been in touch and told me something interesting. He said to me (in strict confidence of course) that Mathieson came to him for a circumcision, but he said he couldn't do it, as he had to tell his fellow doctors and nurses "There's no end to this prick".
On the former- I had. I think the above simply illustrates why I held and hold the views I do. We ran out of time to further debate the matter..On the latter, I always proceed with hope…!
With cash at €1.3m three months ago and very little income to report - plus of course the non-arrival of the promised €6.3m deposit from Chile as the touted €400m Solhabit contract has been delayed for review - this outfit needs cash.With the first phase of the Albanian project allegedly due to complete this quarter, ECOB don't appear to have received any stage payments yet, which seems odd.Margins are dwindling which is a red flag. €2.2m already sounds too cheap for all the walls of an 18-unit apartment block so profit is far from guaranteed.Global expansion plans seem way overblown and the UK business ramp sounds far-fetched given the regulatory barriers here.Notwithstanding the years of promotion by Shareprophets, ECOB seems incapable of generating any shareholder value. Belief and trust among the great unwashed are clearly in suspension with the BBs now deserted.I've got a bridge to sell you.
Your public markets career is over, any credibility you had torn into little pieces and flushed away.And do you know the best bit?You did it to yourself.
ECOB will either by jam today by Christmas or CG has been telling the most monstrous porkies. I believe its the former but I can understand why others dont. If its the former I multibag, if the latter i lose my money. Its attractive on a risk reward basis on that level
