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James Bevan on cybersecurity, banks and the housing market Watch here

James Bevan on cybersecurity, banks and the housing market


Igas Energy Share Chat (IGAS)



Share Price: 4.745Bid: 4.70Ask: 4.79Change: 0.075 (+1.61%)Riser - Igas Energy
Spread: 0.09Spread as %: 1.91%Open: 4.65High: 4.78Low: 4.55Yesterday’s Close: 4.67


Share Discussion for Igas Energy


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Vernony
Posts: 2,096
Off Topic
Opinion:No Opinion
Price:4.78
RE: SP
Today 15:57
Oh I wonder if that may be forgotten now with 'law and order' and anti terrorism replacing social care. Conservatives are always strong on security, the labour are somewhat whishy whashy and believe that there is good in everybody,
the LDs response is Law and order, whats' that !
 
Vernony
Posts: 2,096
Off Topic
Opinion:No Opinion
Price:4.78
Consolidation ?
Today 15:52
Hi Meta4. Somebody on here was predicting a consolidation at £1 per share, but I wonder who is going to buy at that price when the SP is already falling . A consolidation, of course, does give a blip as people buy in boost the number of shares that they will hold at the new price, don't ask me for the logic of that, it happens ! Sometime back VOG from a lower sp than the present Igas sp consolidated at 40p, whereas as CAZA deep in debt consolidated at 500,000:1...Predicting ain't easy :((
Meta4
Posts: 55
Observation
Opinion:No Opinion
Price:4.55
RE: SP
Today 14:41
Since Igas was given the assets of Dart Energy to get their large prospective shale tenements, they have ****ed away 96.5% of the SP.
Currently at around 4.5p thare isn't much more the SP can lose (and until the company gets off their arse and actually does something, the SP will not increase.
Consolidation just gives the SP much further to fall than it currently can.
WIth the company's appalling record of wasting the investment of shareholders, there's no way I'd vote for these crooks to set the SP up to fall a lot more.
Until they do something positive, I won't be voting for anything they propose.
chashley1806
Posts: 16
Observation
Opinion:No Opinion
Price:4.55
RE: SP
Today 13:15
Some thoughts on the back of MarktheSpark and MissGolightly (which I agree with)...

Long story short, I long for the day when IGAS can knuckle down and focus on its core activities, free from external distraction (ie. general election) and internal distraction (ie. consolidation). In the short term, there is still some considerable risk (IMHO) attached to IGAS that will keep the share price down. The first risk, as I've already flagged before, is the General Election outcome. Whilst I still think the Tories will win, they have not done themselves any favours over the past weekend on their social care plans. Whilst it would be O/T to talk about social care, there is an issue of the Tories' credibility which, until the weekend, was virtually impregnable but may now have been damaged. Whether the Tories are credible for Government is therefore relevant when considering the investment case for IGAS, given that the Tories are the only major party to support fracking. As I say, I still think the Tories will win but, in my opinion, it's not a foregone conclusion.

The second risk is the consolidation, which I've been looking into over the weekend. On the one hand, I can see that the consolidation is another welcome act by the IGAS management to get its house in order. I can also see that their rationale is to put the SP on the radar of institutional investors who have policies that forbid them investing below a certain share price. Given that IGAS want to consolidate from 2.4bn to 120m shares, this implies a 20:1 consolidation with the resultant SP at around 100p, given its current sub-5p level. I agree with MissGolightly that, having been placed on the radar post-consolidation, the SP may well fall in the short term if new investors doing due diligence take fright at why the historic SP collapsed. The rationale behind that collapse (ie. a very poor balance sheet) is now in the past, but new investors may not be wise to that.

FWIW, I need the current SP to rise to 7p (pre-consolidation) or 140p (post-consolidation) to break-even on my investment. My bottom-line is that, if necessary, I'm happy to see through any post-consolidation SP dip as the IGAS fundamentals are now much-improved. The General Election outcome still bothers me, though!

(PS. My thoughts obviously also go to the victims of last night's terrible atrocity in Manchester.)
bijaydoug
Posts: 10
Observation
Opinion:No Opinion
Price:4.55
CONSOLIDATION
Today 10:13
With the proposed consolidation on my holding of 2693 shares i will need this share to sky rocket to see a return on average price of 85p paid, the general election is not a foregone conclusion may is rocking corny is not dead in the water yet?
MissGolightly
Posts: 3,841
Off Topic
Opinion:No Opinion
Price:4.64
RE: SP
Today 08:28
I'm thinking of waiting till after the consolidation.... cant help but think it will drop a bit further after that...??

Miss G
MarktheSpark
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:4.67
RE: SP
Mon 22:51
........and it was!
MarktheSpark
Posts: 1,445
Observation
Opinion:Buy
Price:4.70
SP
Sun 23:01
A few positives for IGAS..
Regarding shale development...
1. According to the Sunday Times, Third Energy is understood to be drawing up plans to list on the stock exchange and hopes to raise £250m from the move. The value given to Third will be a read across to IGAS.
2. Conservative support for shale gas.
3. Concerns about the closure of Rough storage facility will increase media focus on energy security.
4. Imminent first exploratory fracking by Third and/or Cuadrilla.
And on the conventional side..
5. OPEC agreement this week likely to extend cuts for at least 6 months moving oil demand/supply more into balance.
6. Trump's anti-Iranian rhetoric likely to be seen as possibly presaging a return to restrictions on exports, further restricting world supply.
7. Economic and political situation in Venezuela seen as going into crisis.
Seems to me these are sensible reasons (amongst others) why investors, both private and institutional, might see Igas as undervalued at present. No doubt the SP will now be down tomorrow!
chashley1806
Posts: 16
Off Topic
Opinion:No Opinion
Price:4.81
View Thread (2)
RE: tory manifesto
Thu 12:23
Yep, for those of us invested in IGAS, good to see the Tories full-square behind fracking (see p23 of manifesto), unlike Labour / Lib Dems who both propose banning it. Assuming the Tories win the election AND there are no environmental PR disasters with the fracking process, the way forward looks bright now for IGAS. IMO
Arbitrader75
Posts: 198
Off Topic
Opinion:No Opinion
Price:4.80
tory manifesto
Thu 12:05
Well things could get quite interesting with the proposed new attitude towards shale..




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