Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards - so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
Why does a non-automated buy of 17,300 at 4.10pm this afternoon fail to get reported on the Share Trades list? Just a sea of mainly automated smaller sells and roughly corresponding small buys. But even if the 17,300 buy is the aggregate of 6 or 8 smaller listed buys (though I don't think this is the case), doesn't it serve to distort the real trading activity either to leave actual trades unreported, or to carve them up into far smaller components that tend to make their value appear more trivial?
Actually i made no comment on what igas 'should' be worth. My point was that you were attempting to argue for share price based purely on NAV, when such.a method never has value in exclusion to a company's cash and revenue position.
Igas has good assets, i dont know their value. Igas has revenue, but it has dropped this year in spite of the hedge. Profitability and revenue both down.
To discuss what the sp 'should' be you need to include all these factors, and cash position is always king in such discussions.
As i said originally, i have no position and wil willingly leave you all to it.
You just got to love this LSE chat and the efforts that the shorters will go to here......
Amazing isnt it that following the stupid 35p post (lets deramp and encourage PIs to sell because im shorting thread) i put up the £ 2 thread pointing out the opposite and why the business is worth a significantly higher cap and immediately i get the very helpful, oh so experienced reply from "Flanks" telling me he has no position but is here to save me and point out why iGas is worth sweet FA
Well thank you "mate" for your pearls of wisdom, now kindly jog on. Ideally go and short somewhere else. Because im still topping up and ideally others will follow and start to make it very expensive for you to get back in.
At £1.40 SP your post may have had some merrit. At 55p its a standing joke - IGAS is worth significantly more than £170 million market cap all day long and as a business its well funded and not to mention well backed by three oil companies so its going nowhere "Mate" - They are laying the foundations for greater scalability going forwards and its all going to plan.
If the post reads like a Rat, smells like a Rat and the advice similar to that given by other Rats...then chances are it is a deramping, shorting Rat bag.
"iGas suffered less of a drop today than many other O&G" - that just shows how many shorters are into IGas at the mo. They don't want to hold their positions over the wknd so the SP drops. Everything from 1pm on looked to be Automated Trades. I guess it means they are also nervous that on Wed the Chancellor will announce shale gas plans which will give the SP a boost so are not wanting to get stung on that. I think your 55p was a brilliant catch, DTH. I only managed 58p today!
"4) finances, largely due to current climate and medium term forcasts for oil, are poor. .... and will be further down on full year due to oil prices being lower than H1." - sorry Flanks but you haven't been researching Igas properly if you think that. They may have lower profits at the mo but AA has a good hedge on oil at $87 a barrel which protects Igas quite consideably well into 2015. So not doom and gloom after all! (That's what 14 years in Investment Banking is worth!).
iGas suffered less of a drop today than many other O&G stocks following the OPEC announcement. So we can reasonably safely assume that without the OPEC news, iGas would have continued its upward movement.
But the OPEC slip did give us what might well be the last ever opportunity to grab more of iGas at such a ridiculously cheap price -- which I did at 4.10pm this afternoon... 17.300 at 54.75p, bringing my total iGas "comfortable retirement" fund to 60,000, at a blended price of sub-79p (in the range £1.27 to 53p, all in 2014).
(Oddly, I haven't spotted this significant buy on the listing of today's share trades yet. MMs playing silly buggars?)
As I've said here often, I don't want iGas to be taken over at any price or at any time in the next 5 to 10 years, but seriously people, if it does happens, given AA's necessity for even the lowest bargain basement acquisition price to be above £1.50 to avoid his fortune disappearing "like snow aff a dyke", how can buying iGas now at 50p to 60p ever result in a loss?
Maybe needs a tad more than a "casual reading" as you put it, "Mate", before you pronounce such wisdom, and far greater depth of insight into what this company is about and worth too. If you don't have any position in iGas, why don't you f|c|u|k o|f|f and concentrate your downbeat comments on shares in which you do have an interest as an investor.
Yip, BRB1, I think the cheese is clear to small, and a bit over-ripe at that!
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.