RE:RE:RE:RE:RE:BG Shareholdingssavyinvestor333 wrote:
Shareholder base(4) • Baillie Gifford: 13.5% • Thoresen Thai 10.0% • Executive & Board: 5.6%
(4) as of Nov 10/23
BG is down $18M netnet cash. When accounting for opportunity cost by having the $50M tied up for 5 years they are down $100M on VLE.
BG is wishing they never invested in the VLE team who said they would use the $50M for Turkey deeps and did not instead VLE sold the Turkey shallows to opaque newco who could not pay for 9 months after planned closing date even thought they bough it for 10% of recent appraised price based on cashflow and profitability.
The largest Thai oil off shore services entity buying VLE on a very high possibility of RFQ, RFP and ongoing operations inside info is another reason why VLE Csuite refuses to live in Thailand instead of the worlds most expensive city, Singapore, thats 1000 miles away from their investment.
Hope that oil doesnt hit $70 because they will lose $80M QTR
Easy swing trades at VLE - easy money!! Too bad volumes are way down makes it hard to do 100K shares in a couple hours.