Stockopedia Site Activity

Tender offer underway

Edison Investment Research — Thu, 11 Mar 2010 13:05:53 +0000

Edison Investment Research -:
Results for the year to 31 December 2009 were broadly in line with forecasts and Februarys trading update. EPRA NAV/share in GBP was 14% down for the year overall, at £11.37, but recovered by 7% in H209. Income was stable in local currency, despite a fall in the average occupancy rate, due to increases of up to 5% in rents/sq metre. We covered operational progress including asset sales and refinancing in our recent update. As previously announced, CREO is currently engaged in initiatives to improve its equity rating, ie a...

Recovery underway

Edison Investment Research — Thu, 11 Mar 2010 12:35:25 +0000

Edison Investment Research -:
Despite weaker than expected revenues, SQS reported slightly better than forecast FY09 earnings and has seen signs of recovery in several markets. We see FY10 as a recovery year, followed by a year of stronger growth as the companys managed services business gains momentum and the IT services environment improves. The stock trades at c 11x FY10E adjusted EPS with a 3% dividend yield.

re. General Cove Thread

djpreston — Thu, 11 Mar 2010 11:14:14 +0000

djpreston posted:
In reply to p3dr036 (post #20) Aye - APC sure do a good presentation. Their information to shareholders is superb. Of the quot;giantsquot; (£10bn plus), APC is the only one I hold (with BG and CHK, which is just under £10bn). For my money it has some of the best acreage in new high delivery basins and hasnt disappointed me since purchasing. Eventually it will, I feel, be bought out for just that reason. A look at APC's operations on their website shows exactly what the attractions are IMO - Brazil, Deepwater GoM,...

re. General Cove Thread

p3dr036 — Thu, 11 Mar 2010 10:58:55 +0000

p3dr036 posted:
For those who haven't listened to it [and it IS LONG!!!!] here is the link to the Anadarko Annual Shareholder Presentation http://webcastingplayer.corporate-ir.net/PLAYER/PlayerHost.aspx?c=80451amp;EventId=2768242amp;StreamId=1449348amp;TIK=%7Bd9604f1a-2b34-4a40-b9ee-9cddc2a47265%7Damp;SID=%7B0ad7e368-55e5-4868-82a3-663d2548338b%7Damp;Configed=1

re. General Cove Thread

p3dr036 — Thu, 11 Mar 2010 10:57:23 +0000

p3dr036 posted:
I was very impressed with the detail in the Anadarko Presentation. There's over three hours of it and I haven't got to the end of it yet!! From our point of view I suppose the most interesting part is the presentaton by Bob Daniels, SVP Worldwide Exploration when he discusses the Windjammer discovery and the rest of the Mozambique off-shore area. This is about 35 minutes into the second part of Bob Daniels presentation. It's clear that Anardarko highly regard both the on-shore amp; off-shore Mozambique areas and Cove have...

U.S.A.

DearLeader — Thu, 11 Mar 2010 10:49:52 +0000

DearLeader created:
Shoats Creek drilling progress/historical information for Olympia Minerals-1 well (“OM-1”); http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=240630 Shoats Creek drilling progress/historical information for Olympia Minerals-2 well (“OM-2”); http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo2?p_wsn=240634 Working Interest Shoats Creek Louisiana 100% Somerset Texas 100% South Weslaco Texas 25% Alta Loma Texas 37.5%

Q3 trading update

Edison Investment Research — Thu, 11 Mar 2010 10:11:31 +0000

Edison Investment Research -:
Allocates trading update points out the scale of activity across the quarter to end February, encompassing the Time Care acquisition and a continuing flow of new contract wins, most notably in the healthcare sector. We are not changing our forecasts on the back of the statement, but point out that the expected strong earnings growth in the next full financial year will erode much of the premium. Our DCF indicates a price over £1, which would take better account of the installed base.

re. Something stirring?

Fangorn — Thu, 11 Mar 2010 10:07:29 +0000

Fangorn posted:
Hmmmmm up 10% so far this morning. Something seems to be going on.....

Year of the meerkat

Edison Investment Research — Thu, 11 Mar 2010 09:00:43 +0000

Edison Investment Research -:
Chimes preliminary figures were ahead of expectations, showing organic growth well above the market in all four group activities. International business is now 46% of operating income, through following clients rather than setting up heavy overhead, with the Middle East and Africa key areas. Political uncertainty is the main dampener in all areas as decision making is put on hold. Until that is resolved, consensus earnings are likely to stay on hold, but the rating is nevertheless modest.

re. A Primer

djpreston — Thu, 11 Mar 2010 08:08:04 +0000

djpreston posted:
Evolution appointed as NOMAD and broker, http://www.investegate.co.uk/Article.aspx?id=201003110700193999I

Fox Davies Capital Update featuring BPC, Cove Energy, Circle Oil, KazMunaiGas, Coal of Africa

Fox Davies Capital — Thu, 11 Mar 2010 08:07:31 +0000

Fox Davies Capital drafted:
Bpc (LON:BPC, 4.1p, ▼ (5.75%)) announced that the Company has placed a total of 69,842,860 new ordinary shares, at a placing price of 3.5p per share with institutional shareholders to raise approximately £2.4 million, gross of expenses. The Company intends to use the net proceeds from the Placing to provide additional working capital. Cove Energy (LON:COV, 41p, ▼ (2.96%)) announced the Company has conditionally raised approximately £25.7 million before expenses by the issue of 64,300,000 new ordinary shares at a price of 40p per ordinary share. New funds will be utilised...

re. Mamp;A

djpreston — Thu, 11 Mar 2010 07:52:27 +0000

djpreston posted:
So, BP splashes the cash - paying $7bn to Devon Energy to buy interests in ten explo blocks in Brazil, as well as Azerbaijan and US GoM: http://www.investegate.co.uk/Article.aspx?id=201003110700184218I Edit: Just spotted that BP has sold 50% of its Kirby Oil sands in Alberta to Devon for $500m with Devon also paying an additional $150m capex on BPs part. Nice to see BP focussing on what it knows best (conventional Oamp;G) and leaving the unconventional stuff to the likes of Devon or Chesapeake where, IIRC, BP bought a 25% interest two years ago (?) . The...

Placing to raise £25.7m

djpreston — Thu, 11 Mar 2010 07:24:16 +0000

djpreston created:
Sensibly using the recent SP strength following the initial results from Windjammer (and associated increased interest in the company) to raise more funds for drilling an additional two wells on top of the four where funds already set aside. Placing done at 40p - a very thin 1p discount ot the close last night - shows how oversubscribed the issue was and the level of interest. http://www.investegate.co.uk/Article.aspx?id=201003110700154097I Seems as if the partners are now somewhat excited by what theyve found out there.

re. Fox-Davies Capital Update featuring Gulf Keystone, Ascent Resources, Global Energy Development and Platinum Australia

JPGH — Thu, 11 Mar 2010 00:06:21 +0000

JPGH posted:
FT Alphaville is the investing equivalent of my favourite chums Beavis and Butthead JPGH

re. Fox-Davies Capital Update featuring Gulf Keystone, Ascent Resources, Global Energy Development and Platinum Australia

nigelpm — Wed, 10 Mar 2010 23:05:19 +0000

nigelpm posted:
Pathetic if you ask me. The guys at FT Alphaville write unadulterated nonsense 95% of the time. The rest of the time it's complete unadulterated nonsense. Read their comments at your peril or amusement

re. Fox-Davies Capital Update featuring Gulf Keystone, Ascent Resources, Global Energy Development and Platinum Australia

doverbeach — Wed, 10 Mar 2010 22:51:38 +0000

doverbeach posted:
I cant resist posting FTAlphaville's comments on Fox Davis's comments - can't link as they were from the news wrap: quot;NH all of this incredibly badly handled and opaque NH still we can all look forward to the significant fund raising mentioned in the statement NH and the accompaning prospectus NH that hopefully might shed some more light NH on what exactly is what here BE Some light would be nice. BE But, in the meantime, we have Fox Davies. NH excellent NH this should be fun [extensive quotes from the Fox Davis note above] NH that’s very funny. made us...

re. Something stirring?

nigelpm — Wed, 10 Mar 2010 21:51:41 +0000

nigelpm posted:
Well certainly it is too cheap anywhere below 15p (as it was for a good couple of months!) and IMHO below 16p given the EDR stake. And that completely ignores the rest of the business! If you know of any better opportunities than pretty much zero downside with potential upside I'm all ears. i.e. if everything else Encore do from here on in fails you are probably left with 14p (i.e. cash + EDR - expenses) If anything at all comes off you are left with extra returns which could...

re. Something stirring?

marben100 — Wed, 10 Mar 2010 21:44:52 +0000

marben100 posted:
Loglorry,You seem to be presuming that as well as the GS being worth v little, so is Cladhan (nor EDR deal, nor Catcher, nor other assets). Remember: http://fool.uk-wire.com/cgi-bin/articles/200811171300002931I.html The 210/29a-4 Bowstring East discovery well was drilled to a total depth of 9,734 feet. Wireline logging confirmed 25 feet of net hydrocarbon pay over a gross interval of over 110 feet. Wireline pressure data and fluid sampling has established the presence of light oil and, significantly, no oil-water contact was observed... ...Alan Booth, EnCore Oil's Chief Executive Officer, commented: 'I am absolutely delighted with the success of this well. The well has intersected...

re. Something stirring?

loglorry — Wed, 10 Mar 2010 21:20:53 +0000

loglorry posted:
Is it too cheap though? I mean the cash is about 15p but the other assets are not worth much more at present. The gas storage could be worth a lot of money but it will take a huge sum to develop it and I can't see the sort of buyers going for it in the near term. There are a lot of smaller gas storage plays to test out first. They could get it relatively cheap but it would cost them huge ammounts to put into production. So where...

re. U.S.A.

marben100 — Wed, 10 Mar 2010 21:11:41 +0000

marben100 posted:
Report from SC: http://sonris-www.dnr.state.la.us/www_root/sonris_portal_1.htm Well serial 240630 03/08/2010 DRLD T/ 9508'; CONDITIONING HOLE TO LOG;

re. Tanzania

MrNachos — Wed, 10 Mar 2010 19:22:32 +0000

MrNachos posted:
With acknowledgement to PS13 on ADVFN, spotted TLW reference on FY results, slide 32, LK-1 50mmboe, where at half year slide 27 was 150mmboe. Unlikely to be a typo? http://www.tullowoil.com/_/media/Files/T/Tullow-Oil/Attachments/reports-presentations/2009/reports/2009_half_year_pres_v2.pdfhttp://www.tullowoil.com/siteware/2009_FY_Master_Slides_final.pdf

re. Something stirring?

nigelpm — Wed, 10 Mar 2010 19:20:15 +0000

nigelpm posted:
I think it's a bid brewing. It's been stupidly cheap for too long. At some point sense returns when someone wakes up.

re. Something stirring?

tournesol — Wed, 10 Mar 2010 15:07:24 +0000

tournesol posted:
Just spoke with someone in EO's investor relations department. They said that as far as they are aware there is no reason for today's move/volume. They sounded convincing to me. I'd think if there were something afoot, I'd have got a quot;no commentquot; responsequot;. So that rules out any asset deals. Looking back at the volumes reported by Sharescope, today's level is the highest since October 2008. This means either a straightforward co-incidence where several buyers have acted at the same time by pure co-incidence. Or alternatively perhaps someone who has taken a look...

re. Something stirring?

REO100 — Wed, 10 Mar 2010 14:41:27 +0000

REO100 posted:
Have been holding for sometime, I can only believe it revolves around the EDR deal or Esmond. I doubt the EDR deal should bring such excitement so I shall hope it is some form of positive news on Esmond. It would be far too early for positioning for the two drills pending . Lastly may be someone likes the cash pile and fancies the assets, at least it's brought a bit of interest this afternoon - I shall hope for Esmond news ! Reo

Something stirring?

djpreston — Wed, 10 Mar 2010 14:33:09 +0000

djpreston created:
No longer a holder but couldnt help noticing a sudden upswing in Encore this afternoon, bouncing strongly on decent volumes and breaking out of recent trading range. Is somethign stirring? (not that any news woudl ever leak and cause a share price to move before the official announcement of course).

re. Ascent Resources - All change for 2010 ?

MrT — Wed, 10 Mar 2010 14:31:40 +0000

MrT posted:
Update on AST by Fox Davies: http://www.stockopedia.co.uk/document/view/38341/production-on-track-in-hungary This update is very much in-line with expectation. As highlighted previously Pen-101 was a simple well to drill and operations went smoothly through to testing. With production starting soon on Pen-105 and a healthy ramp up expected from hooking up additional wells as they come in, the Penészlek project will provide much welcome revenues to Ascent. Also the increase in the share of revenues following LGO’s departure is an additional positive for the Company. The next...

Production on-track in Hungary

Fox Davies Capital — Wed, 10 Mar 2010 14:21:11 +0000

Fox Davies Capital -:
Ascent Resources plc, through its subsidiary PetroHungaria kft, has successfully tested and completed the PEN-101 well, in the Penészlek area of the Nyírség exploration permits in eastern Hungary. Once the rig has departed the site, the PEN-105 well will commence production to sales. The completion of the PEN-101 well is, as planned, in a Miocene gas bearing formation within a structure defined on the 3-D seismic acquired in 2008. Initial production rates achieved during preliminary testing exceeded 1.0MMscfd, and productivity is expected to...

Tullow Oil to invest $500m in exploration growth

Stockopedia News — Wed, 10 Mar 2010 14:14:18 +0000

Stockopedia News drafted:
Tullow Oil Plc (LON:TLW, PINK:TUWLF) announced this morning that their 2009 annual results were down on 2008, despite exceptional exploration developments. The group attributed the downturn to a slump in production volumes and commodity prices. Tullow is one of the largest independent oil and gas exploration and production companies in Europe, quoted on the London and Irish Stock Exchanges. The Group has interests in over 85 exploration and production licences across 23 countries and focuses on four core areas: Africa, Europe, South Asia and South America. In Africa,...

re. Tanzania

blackgold00 — Wed, 10 Mar 2010 13:41:29 +0000

blackgold00 posted:
In reply to safetyfirst (post #131) yes, plus he said that the well is still drilling.

re. Tanzania

safetyfirst — Wed, 10 Mar 2010 13:04:33 +0000

safetyfirst posted:
Not reading anything into the announcement as it was for the purpose of the year end results for TLW. Note that in the TLW webcast, exploration director said to expect from LK-1 quot;newsflow within the coming days and weeksquot;

re. Ascent Resources - All change for 2010 ?

Proselenes — Wed, 10 Mar 2010 12:48:58 +0000

Proselenes posted:
From todays success in Hungary RNS, we know already the reservoir formation starts at 300m from drill 1 at Fontana, so they are now down to 400m (100m of potential net pay if it contains oil) and still drilling ahead. Sounds exciting potentially :) : quot;..........In addition to our successes in Hungary, we will shortly be able to provide an update on the re-drill of the Fontana-1 well in Italy, which is drilling ahead at a depth of over 400m...........quot;

re. Monitise General Discussion

marben100 — Wed, 10 Mar 2010 12:48:27 +0000

marben100 posted:
Received the circular regarding MONI's quot;long term executive incentive schemequot; today. Also available on their website: http://www.monitisegroup.com/pdf/217366_Monitise_Circular.pdf I must say that I find it rather distasteful. From the last AR, I observe that Lukies received a salary + bonus package of £322K. AIUI The new proposal allows for awards of up to 3x base salary (base salary being close to £200K), as share awards. Considering that MONI is still a long way from profitability, I find these awards excessive - and the existing salary quite large enough under the circumstances. It's time...

re. Accelerating growth in commodity trading amp; risk software

marben100 — Wed, 10 Mar 2010 12:37:28 +0000

marben100 posted:
In reply to StrollingMolby (post #6) The note was ahead of your post :0) : http://www.stockopedia.co.uk/document/view/38326/positioned-for-growth ...quot;positioned for growthquot; - yet forecasting an EPS DECLINE for the current FY to 4.1p amp; 4.6p for the following year. Doesn't look particularly cheap, and like you, I've been out for a while. Worth watching though. If their pipeline does convert, those figures could easily be exceeded. Cheers, Mark

re. ETAMIC default, GKP payments and major fundraising required

djpreston — Wed, 10 Mar 2010 12:02:07 +0000

djpreston posted:
In reply to ManSiarad (post #5) FWIW, my 2p.As most know Ive probably been even more wary of the management at GKP than Was. Today's revelation changes nothign on that front IMO. If the ETAMIC deal had not been done then the value would have been even higher than it is today. All this wonderful deal has done is dilute returns to shareholders (dont forget that TK's 5% of the FRG assets via Texas Keystone was excluded). Their incompetence in not going ahead and raising a large amount of cash whilst...

re. ETAMIC default, GKP payments and major fundraising required

ManSiarad — Wed, 10 Mar 2010 11:49:47 +0000

ManSiarad posted:
in reply to SW10 Chap (#3) I believe the extraordinary coincidence was first noted on ADVFN and then reproduced on TMF here: the initials of the GKP management team prior to Oct 08 (when John Gerstenlauer joined) and shown on Slide 6 of this presentation were, er, ETAMIC: Euan, Todd, Ali, Mohammed, Ibrahim, Chris. However, I'm not aware that anyone has ever positively identified who really is behind ETAMIC. Yes, agreed, there DID appear to be an extraordinary coincidence! I did hear scuttlebutt down my way that there might be some southern Gulf people involved,...

re. Accelerating growth in commodity trading amp; risk software

StrollingMolby — Wed, 10 Mar 2010 10:01:45 +0000

StrollingMolby posted:
No longer holding here, but seeing as I started the thread, it's probably good form to put the 2009 results link up here: Financial Highlights:· Sales revenue up 33% to GBP8.2 million compared to GBP6.2 million for 2008, including recurring maintenance revenues of GBP2.9 million compared to GBP2.1 million for 2008· Operating profit before exceptional item up 63% to GBP1.1 million compared to GBP0.7 million for 2008 and profit before taxation and exceptional item up 14% to GBP1.2 million compared to GBP1.0 million for 2008 in spite of significantly reduced interest...

re. ETAMIC default, GKP payments and major fundraising required

doverbeach — Wed, 10 Mar 2010 09:57:10 +0000

doverbeach posted:
I wrote: Someone more knowledible than me about GKP will have to say whether the large figures balance out positive for GKP. the last para I highlighted sounds, er, expensive. And, as I had hoped, JPGH has done the arithmetic here http://boards.fool.co.uk/Message.asp?mid=11862163 db

SaaS revolution

Edison Investment Research — Wed, 10 Mar 2010 09:47:27 +0000

Edison Investment Research -:
StatPro has released a solid set of results with revenue and operating profit slightly ahead of our forecasts. We understand the group has been experiencing a significant increase in interest in its new web-based product StatPro Seven, following a revised business model that significantly widens the target customer base, and StatPro Revolution is being launched for beta testing this month. These two new SaaS products have the potential to transform the business at a number of levels.

re. Kurdistan drilling

SW10Chap — Wed, 10 Mar 2010 09:46:59 +0000

SW10Chap posted:
In reply to ManSiarad (post #170) I've cross-posted on the ETAMIC element here. SW10

re. ETAMIC default, GKP payments and major fundraising required

SW10Chap — Wed, 10 Mar 2010 09:46:17 +0000

SW10Chap posted:
The cynic in me says this was all a pre-planned way of giving large brown envelopes to the secretive ETAMIC who are presumably relatives of KRG politicans. I believe the extraordinary coincidence was first noted on ADVFN and then reproduced on TMF here: the initials of the GKP management team prior to Oct 08 (when John Gerstenlauer joined) and shown on Slide 6 of this presentation were, er, ETAMIC: Euan, Todd, Ali, Mohammed, Ibrahim, Chris. However, I'm not aware that anyone has ever positively identified who really is behind ETAMIC. From ManSiarad's post here: So...

Two out of two, Bijeel-1 strikes oil in Kurdistan

Fox Davies Capital — Wed, 10 Mar 2010 09:31:45 +0000

Fox Davies Capital -:
Gulf Keystone announced that Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil and Gas Plc. and the operator of the Akri Bijeel block in Kurdistan, concluded a successful oil test in the Bijeel-1 exploration well in the Akri Bijeel block. The tested zone is in the upper Jurassic and flowed at rates of up to 3,200 bopd with associated gas rates of 933,000scf/d. Oil gravity was 18oAPI and flowing wellhead pressure was 420psi on a 48/64" choke. Drilling operations are still in line with previously announced plans, following completion...

Positiver Ausblick

Edison Investment Research — Wed, 10 Mar 2010 09:19:52 +0000

Edison Investment Research -:
PRESEPT study issues have been resolved by sample retesting. The reasons for the outlier results have not been disclosed. The academic steering group has shown that test sensitivity (percentage of true cases) is 62.75%. The specificity is low at 89% (percentage of true negatives). Helpfully, the negative predictive value (NPV) was calculated at 99.7%; this is the probability that a negative test results is really negative. Sadly, the positive predictive value (PPV), the chance that a positive SEPT9 result is true, was not estimated. To be helpful, we calculate this...

re. ETAMIC default, GKP payments and major fundraising required

doverbeach — Wed, 10 Mar 2010 09:02:12 +0000

doverbeach posted:
I wonder how transparent the accounting process is for the Infrastructure Support programme? hahaha db

re. ETAMIC default, GKP payments and major fundraising required

ManSiarad — Wed, 10 Mar 2010 08:58:09 +0000

ManSiarad posted:
DB,apologies - I hadn't seen your post when I posted mine (too busy typing).The cynic in me says this was all a pre-planned way of giving large brown envelopes to the secretive ETAMIC who are presumably relatives of KRG politicans I appreciate your cynicism, and there's certainly something VERY odd about it all. I wonder how transparent the accounting process is for the Infrastructure Support programme? The success with the drill-but is fine, but I don't really feel comfortable with Kozel amp; Co. Man Siarad

re. Software Quality Systems (LON:SQS) - is the worst over?

deucetoace — Wed, 10 Mar 2010 08:58:01 +0000

deucetoace posted:
The final results are out today. EPS in the 2nd half have increased to 13 cents from the 8 cents in the first half giving an overall figure of 21c for the year. The dividend is higher than expected at 7 cents also indicating optimism for the future. As they are cautiously optimistic about the current year this might suggest EPS of 27-29 cents for a forward PE of 9

re. Tanzania

flyinghorse — Wed, 10 Mar 2010 08:51:28 +0000

flyinghorse posted:
Well update. http://www.stockopedia.co.uk/news/announcement/AEX/100310aex001033.htm?title=Aminex%20PLC%20Likonde-1%20Well%20Updateamp;date=1268179200 Late March results. RBTL possibly sidetracking? FH

re. Kurdistan drilling

ManSiarad — Wed, 10 Mar 2010 08:41:21 +0000

ManSiarad posted:
Two announcements from GKP (and thanks to Hal's morning summary in another place) First, late yesterday, an RNS on the latest Kurdistan drilling - a good discovery in the Bijeel-1 well: http://www.investegate.co.uk/Article.aspx?id=201003091613443204I Oil Discovery on Bijeel-1 Exploration Well in Kurdistan Gulf Keystone is pleased to announce that Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil and Gas Plc. and the operator of the Akri Bijeel block in Kurdistan, concluded a successful oil test in the Bijeel-1 exploration well in the Akri Bijeel block. Undiluted equity working interests in Akri Bijeel are currently 80%...

Positioned for growth

Edison Investment Research — Wed, 10 Mar 2010 08:40:39 +0000

Edison Investment Research -:
In spite of the challenging market conditions, management notes there are signals that the pace in market activity is now increasing and we believe Brady is well placed to build on the momentum it has achieved over the last two years. The pipeline remains strong, support is being expanded to service global clients, and the group is positioned to benefit from the growing quality and scale of customers.

ETAMIC default, GKP payments and major fundraising required

doverbeach — Wed, 10 Mar 2010 08:36:04 +0000

doverbeach created:
http://www.investegate.co.uk/Article.aspx?id=201003100700173390I - my bolds: After extensive recent discussions with interested parties,GKP has negotiated with the Kurdistan Regional Government (KRG) toreorganise the Company's interest in Gulf Keystone Petroleum International (GKPI) following a material defaultby ETAMIC. ... · The 50% shareholding of GKPI held by ETAMIC reverts to GKP. GKPI will then be a 100% subsidiary of GKP. · Following default by ETAMIC, GKPI will pay $40 million to the KRG which is an Infrastructure Support Payment due and owing by ETAMIC ... in return for GKPI maintaining its 80% interest in Sheikh Adi and...

Analyst Coverage and related media comment

tournesol — Wed, 10 Mar 2010 08:19:34 +0000

tournesol created:
I'm creating this thread to report/record/discuss/analyse analyst comments, broker notes, recommendations and valuation. Seems sensible to keep such material in one place, which will make it easy to find and enable an appreciation of its evolution over time. edit :- I'm adding coverage of editorial comment - seems a logical home for it..... date analyst/commentator valuation target price recommendation 20/5/09 Cazenove 1742p buy 30/6/09 Citibank 1580p buy 7/7/09 Daily Telegraph/Questor buy 7/7/09 Nomura 1555p reduce 9/9/09 Numis add 11/9/09 IC sell 13/10/09 Merrill Lynch 1706p buy 4/2/10 RBS 1400p buy (target reduced from 1495p) 10/2/10 BoA/Merrill Lynch 1797p buy 10/2/10 Citi 1655p buy 10/2/10 Evolution 1050p neutral 11/2/10 Oriel add 11/2/10 RBS 1400p buy 25/2/10 Goldman Sachs 1652p conviction buy 1/3/10 macquarie 1500p outperform 3/3/10 Morgan Stanley 1400p overweight

Fox-Davies Capital Update featuring Gulf Keystone, Ascent Resources, Global Energy Development and Platinum Australia

Stockopedia News — Wed, 10 Mar 2010 08:05:29 +0000

Stockopedia News drafted:
Oil amp; Gas News Gulf Keystone Petroleum (BUY, £2.00) (LON:GKP, 93.75p, ▲ (9.33%)) has negotiated with the Kurdistan Regional Government (KRG) to reorganise the Company's interest in Gulf Keystone Petroleum International (GKPI) following a material default by ETAMIC. Under the agreement the 50% shareholding of GKPI held by ETAMIC reverts to GKP. GKPI will then be a 100% subsidiary of GKP. GKPI will pay $40m to the KRG which is an Infrastructure Support Payment due and owing by ETAMIC, in return for GKPI maintaining its 80% interest in Sheikh Adi and...

Pursuit dynamics - half full or half empty?

valueinvestor — Wed, 10 Mar 2010 07:19:45 +0000

valueinvestor drafted:
One of the things that intrigues me about Pursuit Dynamics (LON:PDX) is that views on it are so polarised. Look at any of the bulletin boards - or at press comment on the company - and you'll find half the world seems to hate it, while the other half thinks it's the Second Coming. There doesn't seem to be much in the middle. The other thing that intrigues me is that the share price has rocketed over the last couple of weeks, particularly since the February 25th announcement. ...

re. Washington Mutual-the gamble of the year

wantedman — Tue, 09 Mar 2010 22:59:55 +0000

wantedman posted:
What a thrilling trading day !!!http://www.thestreet.com/story/10699140/1/wamus-wild-ride.html?puc=_tscrss WaMu's Wild RideBy Dan Freed NEW YORK (TheStreet) -- Shares of Washington Mutual (WAMUQ.PK) weathered a fourth-straight volatile session on Tuesday with dramatic swings in the stock fueled by expectations that a settlement between the bankrupt thrift and JPMorgan Chase(JPM) could be reached by the end of the week. After big gains on Monday took the stock to its highest levels since WaMu's failure, the Pink Sheets-listed shares opened nearly 30% higher at 70 cents, their peak for the day. By midday, however, they...

re. Marenica Energy (MEY)

wantedman — Tue, 09 Mar 2010 22:57:55 +0000

wantedman posted:

re. Polo - Beyond Extract

JPGH — Tue, 09 Mar 2010 22:33:31 +0000

JPGH posted:
In reply to loglorry (post #89) Log, I did same with Encore before Xmas, nursing an overall loss, having held EO for last 3 years (bought cheap, bought into GS story too heavily and added at wrong times before quot;that RNSquot;). It was getting to the stage when I'd sooner watch paint dry then continue to hold. I have a voodoo Alan Booth doll that I will jab with a pin on occasions just to remind him of the financial pain his shareholders have endured over last 2 years. I did also add to Polo...

re. Research, comment and recommendations - analysts and media

madmix — Tue, 09 Mar 2010 21:05:07 +0000

madmix posted:
Macquarie - 1st March 2010 : Target Price 1600p (up from 1400p) : OutperformComments made when price was 1195p. Reasons for Outperform: Large exposure to very prospective Equatorial Atlantic deepwater offshore exploration acreage in Ghana, Liberia, Sierra Leone, Cote d’Ivoire and South America. Tullow plans to drill over 35 wells in 2010, targeting several promising “Jubilee type” structures between the Venus discovery in Sierra Leone and Jubilee in Ghana. Production could increase to gt;200kboe/d by 2016 due to several high-impact developments in Ghana and Uganda. Risks: Exploration risk as the company operates...

Pension Funds taking on more risk just when they should be playing it safe

Sol Palha — Tue, 09 Mar 2010 21:01:22 +0000

Sol Palha drafted:
Public Pension Funds Are Adding Risk to Raise Returns Companies are quietly and gradually moving their pension funds out of stocks. They want to reduce their investment risk and are buying more long-term bonds. But states and other bodies of government are seeking higher returns for their pension funds, to make up for ground lost in the last couple of years and to pay all the benefits promised to present and future retirees. Higher returns come with more risk. quot;In effect, they're going to Las Vegas,quot; said Frederick E. Rowe, a Dallas...

re. Analysts reports

madmix — Tue, 09 Mar 2010 20:54:30 +0000

madmix posted:
Macquarie - 1st March 2010 : Target Price 1360p (up from 980p) : Maintain underperform rating.Comments made when price was 1505p. Reasons for maintaining Underperform: We are cautious on Soco’s drilling program given other operator’s unsuccessful results near the high-impact Ngazi block and the very high operational risks of drilling the TGD HPHT prospect in Vietnam. Risks: Nganzi block exploration and the high HPHT TGD well. Catalysts: Success at Nganzi. They quote Nganzi as 400mmboe P50 gross recoverable with 10% COS - 98p risked, 985p unrisked. TGD is described as HPHT, 100mboe with 10% COS...

re. Analyst Coverage and related media comment

madmix — Tue, 09 Mar 2010 20:27:34 +0000

madmix posted:
Macquarie -1st March 2010 : Target Price 1500p (up from 1400p) upgraded to Outperform from Neutral. Comments made when price was 1085p. Reasons for upgrading to Outperform: The recent pullback in the share price and near to medium-term drilling of the Bamboo and Anne-Marie prospects within DNX’s active portfolio of up to 17 exploration wells in 2010. Solid fundamentals and value: Solid balance sheet, with largely undrawn US$400m facility. DNX is trading at a 27% discount to our core NAV, and looks attractive on reserve and cashflow multiples. Risks: Exploration failures, production disruptions. Catalysts: Bamboo...

Defrauding the weak and the elderly

Sol Palha — Tue, 09 Mar 2010 20:06:14 +0000

Sol Palha drafted:
Once again, they find a way to stick it to the elderly, poor and the meek. Last time they decided that giving $250 dollars to senior citizens was too much money because according to their brain dead methodology inflation was not a threat and so increase was necessary. Now they are looking for ways to collect on debt that was once forgiven or forgotten, and they want to go after those on fixed income. Talk about rubbing acid into open wounds. The story below explains this terrible change of events...

re. A Primer

tauroctinus — Tue, 09 Mar 2010 19:44:03 +0000

tauroctinus posted:
Yup -COP are making drilling look easy. Dodgy trading ahead of the RNS, and the persistent seller are unsettling, but its hard to get away from the drill bit success short term; and the prospects in Tunisia, Oman and Namibia longer term. I have a small amount of these, and may add to this, as things unfold, because to me this looks to have value and potential

re. Polo - Beyond Extract

loglorry — Tue, 09 Mar 2010 17:13:36 +0000

loglorry posted:
Good writeup on the history of Polo.... http://grayshares.blogspot.com/2010/03/talk-of-sale-of-extract-stake-buoys.html Log

Provexis' tomato extract technology could challenge Aspirin

Stockopedia News — Tue, 09 Mar 2010 17:10:02 +0000

Stockopedia News drafted:
Provexis (LON:PXS) announced today that it has completed the human trial comparing the effects of Fruitflow, its anti-thrombotic technology made from tomato extract, with aspirin. Provexis focuses on the discovery, development and licensing of scientifically-proven functional food, medical food and dietary supplement technologies. Results from the trial show that Fruitflow, their patented, scientifically-proven extract, inhibits several pathways involved in platelet aggregation. In contrast, Aspirin, an anti-inflammatory drug, primarily targets only one specific platelet aggregation pathway. The results demonstrate that Fruitflow is effective in preventing platelet aggregation, with no reported side effects. This means...

re. Polo - Beyond Extract

loglorry — Tue, 09 Mar 2010 16:50:36 +0000

loglorry posted:
I've doubled up my holding in Polo today after selling out of most of my Encore which was frankly just boring me to death. Polo has a lot more upside (and downside) that Encore and seems to be a better fit for my investment objectives. Thanks to all for the informative posting - I'm afraid I don't have time to contribute to much but I enjoy reading all the posts. Log

re. Washington Mutual-the gamble of the year

loglorry — Tue, 09 Mar 2010 16:04:56 +0000

loglorry posted:
I'm afraid I took a quick profit this morning and ran. I've been trying to get to the bottom of what might be left for the ords but it really is anyones guess I think. I can see WAMU ord holders have a case but if they had not been sold to JPM then another run on the bank looked likely and so one might argued the equity would have been worthless. I might buy back in again but when these things run up so fast and so far it is...

Texan wells produce results for Empyrean Energy

Stockopedia News — Tue, 09 Mar 2010 15:25:41 +0000

Stockopedia News drafted:
Empyrean Energy (LON:EME) announced this morning that drilling has begun at their onshore Texan well, Aquarius. A separate report was issued stating the company have reached total depth at another Texan prospect, the Hercules well. The company have a 10% interest in both wells. Empyrean Energy is a London-based company, established to finance the exploration, development and production of energy resource projects with a predominant focus on projects in geopolitically stable environments. Current projects include Riverbend (Texas, USA), Sugarloaf Hosston Project (Texas, USA), Project Margarita (Gulf Coast, Texas USA), Eagle Oil Pool Development Project...

Seeding future growth

Edison Investment Research — Tue, 09 Mar 2010 15:19:34 +0000

Edison Investment Research -:
Westminster has revealed the impressive growth in hits and enquiries driven by its revamped website, a core tool for its international agents. The development of the website has been a key driver in increasing the visibility and route to market of the group worldwide, and the benefits are beginning to feed through to increased quotation activity and ultimately future potential business. We feel that when this is combined with the recently announced framework contract for the MoJ and further wins for RMS, the group is demonstrating its potential in the...

Aiming high

Edison Investment Research — Tue, 09 Mar 2010 14:20:50 +0000

Edison Investment Research -:
BrainJuicers preliminary results demonstrate that it continues to punch well above its weight in a weakened market research sector. The announcement of a second preferred supplier appointment by one of the worlds largest research buyers indicates the groups revolutionary techniques are building credibility where it matters. Strong cash flows support ambitions to become a major player through continuing to invest in new product and new markets. The rating is being eroded by the superior earnings growth and does not look stretched in an international context.

Victoria Oil and Gas strike good news at Cameroon well

Stockopedia News — Tue, 09 Mar 2010 13:50:00 +0000

Stockopedia News drafted:
Victoria Oil amp; Gas announced today that their Cameroon project, the La-105 well, is showing rates in excess of 55 million cubic feet of natural gas and 1,000 barrels of oil equivalent per day. Depths are reportedly between 7,005 -8,500 feet. Victoria Oil amp; Gas is an independent oil and gas exploration and production company with projects in Africa and the FSU. The Company's principal assets are the Logbaba gas and condensate project in Cameroon and the West Medvezhye gas field in Siberia, Russia. Logbaba is located in Douala, the economic...

Superb performance

Edison Investment Research — Tue, 09 Mar 2010 13:46:24 +0000

Edison Investment Research -:
Lookers has delivered on its January trading statement, with a doubling of underlying pre-tax profits and a positive comment about the current year, which is running ahead of both internal budgets and the prior year. As we have indicated in earlier notes, there is a misconception in the City about the quality of earnings in certain leading motor dealership groups. Lookers has once again demonstrated the ability to grow in flat or modestly deteriorating markets. This factor is not recognised in the share price.

re. A Primer

JPGH — Tue, 09 Mar 2010 13:43:28 +0000

JPGH posted:
For COPers like me normally too lazy to look in header, a reminder......COP have a 40% WI in the NW Gemsa concession license (Egypt PSA terms apply), with more details here http://circleoil.net/egypt.htm See also slide 13 amp; 14 of http://circleoil.net/investorrelations.htm for some additional information. So thats 5 out of 5 hits to date for Al Amir SE drills. What are peoples expectations for reserves numbers in CPR? No OWC found here so should add more reserves. JPGH

Circle Oil Exceed Expectations at Egyptian Well

Stockopedia News — Tue, 09 Mar 2010 13:02:33 +0000

Stockopedia News drafted:
Circle Oil (LON:COP) announced this morning that the Egyptian Al-Amir SE-5 appraisal well has been successfully drilled, tested and is reportedly now ready for production. Listed on AIM in October 2004, Circle Oil is an international oil amp; gas exploration, development and production Company with a portfolio of assets in Morocco, Tunisia, Oman, Egypt and Namibia. The Company has expanded its portfolio over the past 2 years and now has assets in the Rharb Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the Mahdia Permit offshore Tunisia; the Grombalia Permit in northern Tunisia; the Zeit Bay area...

Hybridan Smallcap Wrap featuring Summit, Cashbox and Sarantel

Hybridan — Tue, 09 Mar 2010 11:53:05 +0000

Hybridan drafted:
This week: Summit far from its peak, Cashbox in a hole in the wall and Sarantel picks up the right signal Ant (LON:ANTP 29.5p/ £7.16m) Ant, the software company that allows TV operators to manage their content and provides customers with the ability to self-select services on demand, announced its 2009 year end results. Revenues were up 26% at £4.7m (2008: £3.7m), a grand performance considering the challenging economic environment. This reduced the loss before tax to £626,000 (2008: £1.013m), down 38% and with a strong cash position of £5.05m (2008: £5.65m). ...

re. A Primer

djpreston — Tue, 09 Mar 2010 11:44:59 +0000

djpreston posted:
In reply to REO100 (post #73) Yep - an excellent result since they were really looking for a duster (OWC) delineation well. The trouble is that, until there is a CPR, the market wont pay any real attention. We know that theres great deliverability, depth of reservoir and quality of oil - just need the amounts confirming - and thats just Egypt. The cashflow figures are now looking rather silly compared to market cap and theres more to come from Morocco, Oman and Namibia (plus any deals they do....

re. Mamp;A

emptyend — Tue, 09 Mar 2010 11:43:46 +0000

emptyend posted:
Interesting article here, suggesting a change of strategy by the majors: Exxon Mobil Corp., BP Plc and Total SA are investing in assets that previously weren’t worth their time or money after oil-rich nations reduced access to reserves and exploration drilling faltered..... “Their No. 1 problem is reserves replacement,” said Nansen Saleri, chief executive officer at Quantum Reservoir Impact in Houston and former reservoir-management chief at Saudi Arabia’s state oil company. “That’s the elephant in the room, so that’s what they have to address.” To compensate, major producers are investing in projects they...

Ready for the recovery

Edison Investment Research — Tue, 09 Mar 2010 11:23:08 +0000

Edison Investment Research -:
Fiberwebs prospects remain healthy despite the uncertain economic environment. Restructuring initiatives supported robust 2009 results and increasing margin momentum in the second half helped push continuing operations into profit for the first time since Fiberwebs 2006 demerger. Recent refinancing leaves the group in a strong position to pursue its goal to grow both organically and via acquisitions. The valuation, both on a peer comparison basis and DCF analysis, is undemanding.

re. Polo - Beyond Extract

xigris — Tue, 09 Mar 2010 10:29:41 +0000

xigris posted:
http://www.investegate.co.uk/article.aspx?id=201003090721402819Iamp;fe=1 interesting development, Polo to list on TSX. I think that this will make it ISAable?

Strong leverage platform

Edison Investment Research — Tue, 09 Mar 2010 09:25:05 +0000

Edison Investment Research -:
Brewin Dolphin (BD) made a positive start to its financial year as income for Q110 increased 11.5%, and funds under management (FUM) rose 6% to £21.7bn. Investment Management revenue (the key to the group) was up 20.1% y-o-y. Since the December 2009 placing, the stock has underperformed and trades at a discount to its peers. BDs growth strategy and its healthy balance sheet should secure good earnings momentum unless there is a significant downturn in equity markets. The 2010 dividend gives a yield of 5.5%, 1.8x covered by normalised earnings.

Targeting a growth market

Edison Investment Research — Tue, 09 Mar 2010 09:04:56 +0000

Edison Investment Research -:
Blue Star Capital has transformed itself into a homeland security focused investment company with four core investments. The new management team has vast and complementary experience across defence, security, police and industry, providing a detailed understanding of emerging opportunities. We believe that the focus on the growing homeland security sector provides significant upside potential for Blue Star and the prospects for current investee companies are promising. With the added interest generated by the Digital Barriers flotation, we feel that Blue Stars current valuation of a 20% premium to the published...

re. Cameroon

JPGH — Tue, 09 Mar 2010 08:45:14 +0000

JPGH posted:
VOG announce very good well test results for Logbaba drilll this morningsee http://tiny.cc/Test688 Test results from Well La-105 at Logbaba Gas and Condensate Project, Cameroon · Well La-105 tests at rates in excess of 55 million cubic feet of natural gas and 1,000 barrels of condensate per day (together approximately 10,000 barrels of oil equivalent per day) between depths of 7,005 - 8,500 feet from Lower Logbaba and Upper Logbaba D sands · Production rates from these sands confirmed as being sufficient to satisfy industrial demand in Douala with Upper Logbaba A -...

re. Washington Mutual-the gamble of the year

wantedman — Tue, 09 Mar 2010 08:20:04 +0000

wantedman posted:
The deeper i dig into this subject, the more it looks like some nasty action from JPM and the FDIC took place.Here is the article of reporter Kirsten Grind from the States,who first discoverd what really happened: http://www.portfolio.com/industry-news/banking-finance/2009/12/07/why-federal-regulators-closed-washington-mutual/ But if regulators had waited just six business days, WaMu could have been helped by the government’s $700 billion Troubled Asset Relief Program, and by an increase in bank deposit insurance limits to $250,000 from $100,000, a move that helped stop panic withdrawals at all banks. Remember that JPM acquired WAMU within hours after the...

Fox-Davies Capital Update featuring Circle Oil, Victoria Oil amp; Gas and Leed Petroleum

Fox Davies Capital — Tue, 09 Mar 2010 08:06:25 +0000

Fox Davies Capital drafted:
Oil amp; Gas Corporate News Circle Oil (BUY, £0.80) (LON:COP, 37.5p, ▲7.1%) Circle Oil Plc announced that the Al-Amir SE-5 appraisal well has been uccessfully drilled and production tested in the Al-Amir Development Lease in the onshore North West Gemsa Concession in Egypt. The Kareem Formation Sandstones under test flowed 42oAPI oil at sustained average rates of 6,150 bopd and 6.9 MMscfd of gas using a 64/64quot; choke and at 4,300 bopd and 4.9 MMscfd of gas using a 48/64quot; choke from the upper of the two identified pay zones. The...

re. A Primer

REO100 — Tue, 09 Mar 2010 08:05:18 +0000

REO100 posted:
In reply to wanderer101 (post #72) Looks very good to me, perhaps explains the movement yesterday. I think this might convince the market. Reo

re. A Primer

wanderer101 — Tue, 09 Mar 2010 07:52:30 +0000

wanderer101 posted:
In reply to REO100 (post #71) Al Amir SE-5 might have been drilled for reservoir delineation, but it flowed at more than 6,000 bopd: http://fool.uk-wire.com/cgi-bin/articles/201003090700052622I.html Absolutely tremendous result surely? If the market decides to ignore this too I think a top-up will be in order. wand

re. Ascent Resources - All change for 2010 ?

Proselenes — Tue, 09 Mar 2010 00:47:47 +0000

Proselenes posted:
From III post : Spoke with AST Randy121 So I spoke with the FD today as J Eng was not in the office. Essentially I asked a few questions on differing topics, and I can summarise the answers for you below...... Newsflow I queried why we had no news as yet, and asked if the news on hold pending the result of the EGM. SC categorically stated that they would not put news on hold for the EGM, and once they rec'd full news they would report on it. As such, he cleared up...

re. The Extract Complex

marben100 — Mon, 08 Mar 2010 23:55:20 +0000

marben100 posted:
Extract's half year report to December 2009 is now out: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdfamp;idsId=01044370 Cheers, Mark

re. Washington Mutual-the gamble of the year

loglorry — Mon, 08 Mar 2010 21:34:47 +0000

loglorry posted:
Ummm high hopes indeed but I suppose JPM could argue that they were buying at well below book value because they were taking on a lot of risk. Not sure that is true actually but that is surely the argument. I'm not really up to speed on things so I need to do some more reading. It could work out well though and ords might get $3/shr I guess if things go well. I expect there will be some kind of settlement. It seems in JPMs interests to get it...

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 21:22:42 +0000

wantedman posted:
The prefered shares should get about 3.9 Bio USD first. Whatever is more,would go to the commons. But keep in mind,that the first hearing which was postponed is about 4 Bio USD, which was Cash in an WMI account at the time of the seizure. Additional there will be a tax refund of 5.6 Bio USD ! Now both WMI and JPM claim that tax refund belongs to them. Some people are arguing,because JPM and FDIC acted illegally that compensation and lost interests should also be paid. Always remember that...

re. Washington Mutual-the gamble of the year

loglorry — Mon, 08 Mar 2010 21:00:06 +0000

loglorry posted:
watedman, Did you work out what level the settlement has to be for Ordinary holders to get anything? There are 1.7Bn ord shares as I recall so at 50c that means there must be at least £650m in the pot. However there are pref shares and maybe sub-bonds before them to be paid so I'm guessing it needs to be several billion. Do you have the number handy? Log

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 19:35:52 +0000

wantedman posted:
The latest media coverage from today: http://www.thestreet.com/_yahoo/story/10697718/1/wamu-stock-highest-since-failure.html?cm_ven=YAHOOamp;cm_cat=FREEamp;cm_ite=NA

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 19:03:00 +0000

wantedman posted:
And live twitter for the next hearing (if we dont see a settlement before that date) http://twitter.com/WaMuAudio

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 18:59:29 +0000

wantedman posted:
Here is the audio from the hearing: http://viewip.net/WMI/Hearing/2010-03-04/20100304_01.mp3

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 18:42:21 +0000

wantedman posted:
Exactly,the afflicted parties talked for one hour behind closed doors with the judge.Read the reuters article from above.Here are the originally words before the court,posted on the yahoo board: THJMW: Good afternoon.Rosen: Good afternoon, your honor. Brian Rosen, Weil Gotshal amp; Manges, on behalf of the debtors.Your honor we have a few items on the agenda this afternoon. Uh, I would like to make an announcement, uh, as we indicated to the court, uh, before this. Two items that were on this morning's calendar, now this afternoon's calendar, were the FDIC...

re. Washington Mutual-the gamble of the year

MrT — Mon, 08 Mar 2010 18:31:04 +0000

MrT posted:
Interesting stuff - why did the courts adjourn for a week? Is it to allow them time to find a negotiated solution?

Ceres Power Hldgs

Administrator — Mon, 08 Mar 2010 18:26:24 +0000

Administrator edited:
Executive SummaryCeres Power is a fuel cell business targeting a range of global market applications including on-site/back-up generators, residential combined heat and power, and auxiliary power units for transport. Critically, the technology uses low-cost materials and existing mass-production techniques. The is possible due to the unique, patented, technology that Ceres has developed. And unlike many fuel cells, the Ceres cell can run on widely available fuels like LPG, propane and natural gas as well as on hydrogen. The company has many blue chip City institutions as financial backers including Fidelity, Morley,...

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 17:43:04 +0000

wantedman posted:
For everybody interested,here are some realtimelinks: For the US: (self refreshing) http://data.cnbc.com/quotes/WAMUQ Chart realtime: http://de.advfn.com/p.php?pid=staticchartamp;s=USOTC%3AWAMUQamp;p=0amp;t=37amp;vol=1 German Chart Realtime: https://chart.consors.is-teledata.com/module.chart?LANG=deamp;ID_NOTATION=1554182amp;QUALITY=BSTamp;TYPE_CHART=STAIRamp;TIME_SPAN=1Damp;SHOW_PREV_CLOSE=1amp;TYPE_IND3=SSTamp;INDICATORS_COLOR1=000000amp;INDICATORS_COLOR2=00FF00amp;INDICATORS_COLOR3=0000FFamp;TYPE_IND5=VOLUMEamp;ID_TYPE_SIZE=

re. Washington Mutual-the gamble of the year

loglorry — Mon, 08 Mar 2010 17:33:48 +0000

loglorry posted:
yes I was reluctant to pay up 53c which is a lot more than than a few days ago but you gotta look at it as a bit of a binary bet. I just bought 2,500 shares so just punt money and I fully expect to loose the lot but the upside is probably 10x from here if things go very well. I don't think chances are good though maybe 1 in 5 of something positive. The pink sheets are notorious for placing value on stocks that have none! I remember...

British American Tobacco - Providing new highs

Fat Prophets — Mon, 08 Mar 2010 17:08:45 +0000

Fat Prophets drafted:
Tobacco giant British American Tobacco (LON:BATS) for one has recently reached all time share price highs and looking at recent results it is not difficult to see why. In a recession dominated year in which top line growth was a very rare commodity, the company managed to boost revenues by 17%, ramp up pre tax profits by almost 11% and increase its dividend payout by 19%. BAT’s top line came in at £14.2 billion with various factors underpinning the result. Favourable exchange rate movements played a part, as did continued good...

re. Washington Mutual-the gamble of the year

wantedman — Mon, 08 Mar 2010 15:46:26 +0000

wantedman posted:
Hi loglorry, I went in on Thursday for 0.25 USD with a small quot;gamble positionquot; right now i doubled my money :-) What really is stunning is the volume today ! After just 1 hour of trading nearly 28 Mio shares traded ! This definitely is thrilling to watch

re. Washington Mutual-the gamble of the year

loglorry — Mon, 08 Mar 2010 15:33:23 +0000

loglorry posted:
I've taken a wee punt on this FWIW I think the outcome is really unknowable but there might well be some horse trading that results in shareholders getting back more than the current pink sheet price. Log