Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
20p is laughable. Reason.... it's because no one is buying and selling DES. The current price represents nothing to the long term holder. Once any one tries to accumulate any amount they will have to tease out some of the long term holders. I would hazzard a guess that those that are affraid are all but gone now. So what do we really have a shed load of Oil and some of the best acreage. I would guess that RKH/PMO are already shaking hands with DES regarding tying in to the FDP the DES OIL discovery... Oh! Oil discovery did we all forget that LOL
20p Good premium to current SP However a cyclical share and DES whilst not flush with fluent green do have a good position in that agreed progression is needed from all I don't like phipps et al, but he does have a canny way with money Wait till PMO start an indication plans (August) and see where DES is then
Hmm, i am buying at this level & will still be buying at 20p level, slowly slowly ;0) .
No way this is worth much much more but not at the present time we must keep our nerve.
I couldn't afford to accept 20p. Nowhere near.
After hanging in for so long, patiently playing the waiting game, I wouldn't consider 20p. It's all getting too exiting to leave the party too soon. GLA
starting to hot up slightly. huge huge reserves just no active drilling
If you were offered 20p a share now, by PMO/RKH would you take it or leave it? Put it this way, when PMO bought out EO they offered a reasonable premium to the sp at the time - but nothing spectacular (like the idea of buying DES for 80p say). EO were an awful lot lower than they had been only a few months before. PMO scooped them up on the cheap IMHO, considering what they were getting. Likewise DES, they don't seem in the best of bargaining positions, and not too many suitors around these days. So if 20p were offered tomorrow by PMO/RKH would you grumble but take it ? Or 'definitely not' - and why ? Realistic / factual answers anyone? Am curious. PS I have holdings of PMO, RKH and DES. Big Chef.
This forum isn't as chatty as other forums am part of and groups, but there is a huge buzz that this share could really high 79p mark, in the interim around 30p. Further to add, possibilities of big buys represents we are heading in the right direction. Trades of over 2 million makes this share move 1p. SO am guessing 20million and we are back around 30p? IT's not impossible if the shareholders have belief this share will be successful along with good investment and backing by its share holders, this will hit the target price in no time, we do however needs to see better exposure and oil feeds, with a gaurantee of secure investment on DES part.
Makes complete sense for PMO/RKH to buy DES. Even a basic estimated valuation of DES demonstrated why its a no brainer: 85mil barrels at $4 = $340 Mil PMO/RKH Make an offer for DES $425 Mil (to factor in their additional acerage and small cash balance etc) or 79p per share. RKH 40% = $170 Mil (Just over half of their cash) PMO 60% = $255 Mil So for $425 Mil they would be buying loads of acerage, 85 Million barrels of nearly proven reserves (that would tie in to their concept at minimal cost). I don't see any benifit to keeping DES in the mix and I am sure PMO/RKH dont want to include them (unless they farm out to a major with big pockets to speed up proceedings). I think Phipps and other major holders would accept 79p a share at this stage, especially if they are stuggling to farm out. Sorry for my ramblings but I am excited about this share at this price. All IMHO
:)
Up 9% down 12% thought so, your not going to be trying on that slipper any time soon I reckon this still has a couple % to fall yet, but could be getting close! All I need is for blvn to pull it's finger out so I can invest more here but even that doesn't look good at the moment, every day a bit further down. About time we had some sunshine and smiles on aim.
Those who sit so patiently will see the SliPper fit you'll see.
After yesterdays post......thought as much. Still I do not like being right on this occasion would like to see me wrong and it fly.!!
As do I Hwrvr rumrs of > 6,3 x crrnt mcap Tme will tell.
I buy it. The Phipps family have been on this campaign for decades now, and it is only a small part of Phipps & Co. They have no hope of mounting another drilling run, with or without PMO. There is no cash left and they are exhausted. It's time for them to move on. They will never be a production company. At this price, someone with the cash has scented a prize and I would expect something around 40% of NAV and even at that, you can expect 60p a share. It's a buy for DES and for you too. I have just doubled my holding for the opening tomorrow.
Who buys the post below ref offer? Or is it just some ramping???
Now that has piqued my curiosity... cheers
Do you think this is credible?
Hi, Sorry but where have you seen this news?
Any bets we see a reversal of this tomorrow and a continued slide in the sp.
volume picking up. some of those 75 reported sells look like auto buys to me. big trades going through......
big trade....
Agree, someone wants shares but amazing how easily the mm's can change the price to achieve liquidity. I know it is their job and that they are entrusted to do this but still shocks me how easily and with how much force they are able to do it on no activity.
WTF is going on here. Down 3% then up almost 6% almost 500k sells and 80k buys. You wouldn't bet on it would you, who exactly is controlling this price, sure as hell is not following any logic.