AJL 3.70% 2.6¢ aj lucas group limited

AJL FIGHTBACK, page-2

  1. 2,317 Posts.
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    Sadly, I suspect that you are right 100%. This New management will continue its course business as usual. OZ business revenue will adequately cover the management salary packages and bonuses and they have little or no share in the company so it doesn't affect their personal wealth if AJL /Cuadrilla continue to make losses again.
    A number of points from your post that I may add:
    1. The UK government has done a very sleek movement and U-turn on shale investors to trap the investor cash. The $250mil plus investment on Bowland shale exploration gave the UK all the information and know-how on UK shale and now they just simply put on an unfair (other industries have higher seismic levels allowed) and unworkable regulations. Well, the gas is still in the ground so we will lose nothing (except for the investors) is the thinking.
    2.The unaccountability of financial management by AJL/Cuadrilla continued as in the old day. No mention or explanation in the AMG of the loan of £37 millions by Cuadrilla Holding to its subsidary Cuadrilla Well Service in 2019 related to the sale of certain items of equipment in early 2020. What and why are these loans? Who is funding it? What is is used for? No answer when I email the company. Can someone else find out because it is a big chunk of money that is not accounted for and will be AJL next balance sheet as a loss.
 
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