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.
There are so few trades here how anyone can talk about support and resistance levels on such and illiquid share is beyond me. Looking at the financials the debt is still a worry as is the direction of the cash flow. I was tempted a few months back to dip my toe in when the buy dropped to 0.17p, as it happened I decided to double down on PFC instead. For me this is a gamblers share, but with a spread of 33% then even a 22% rise in the SP means you can't get any return on these jumps.
CH "Buys going through at 0.2 (Full ASK) again now" Buys are going through at 0.1984 , which is not the full ask. ( I guess we are just now trying to forget the post about the "Resistance level of 0.224" , good idea )
Keeping an eye on RRL and pleasantly surprised to see operations in Trinidad improving - increasing production from waterflood activity and the recent contract with Shell. Could see confidence and investors return over the next few months.
Oil price After a fast and furious week, for me and the oil price, it looks like crude will end up testing important levels, WTI is close to $65 as I write and Brent is $69.21. The main reason for the strength this week has been the inventory stats which showed in both API and EIA numbers a decent draw when a build was forecast, indeed total inventories of -7m barrels this week put stocks to 1% below the crucial 5 year average. The other positive note was struck by the Saudi Oil Minister who declared that the Opec/Non-Opec agreement will likely be extended beyond 2018 suggesting that further draw on stocks was needed. Coupled with the news that compliance was 138% in February suggested that in this, the harder part of the year, things were looking hunky dory, so to speak. The only fly in the ointment is that the Squids have upped their oil price target to $82.50 for mid-year which worries me something rotten�
MMs testing the strength of the support, now just 11% down according to HL and I believe we will close flat again today. Buys going through at 0.2 (Full ASK) again now
Well that support level didn't hold for very long. Down 22% today.
Athena, please stick to discussing Range. And not me. The "ha ha " was a reference to an utterly ludicrous misleading post. Have you no views on that instead of me.
Arrrgh CH! Kiss of death post lol Like Aggers saying someone is batting well at the cricket. Doh
CH "our Resistance level of 0.224 back in January has now become our support level." All buys and sells today have gone through under 0.224. Seriously what are you talking about ? ( In fact the bid has just dropped to .015 ha ha , talk about misleading other posters )
Interesting to see that our Resistance level of 0.224 back in January has now become our support level. Logically the next steps up from here are 0.25, 0.274 and 0.3 which I believe we will achieve around the next quarterly results.
Rangers, here's to an early rise & shine!
Half year report The loss for the financial half-year ended 31 December 2017 after providing for income tax amounted to US$9,553,620 (half-year ended 31 December 2016: US$39,120,872). At 31 December 2017, the Group had net assets of US$12,182,414 (30 June 2017: US$20,022,644), cash of US$8,131,188 (30 June 2017: US$17,254,360), and amortised borrowings of US$46,116,422 (30 June 2017: US$16,854,571). So whilst they have reduced losses everything else is going in the wrong direction. The amortised debt is made up of US$23.8m of payables to LO and its subsidiaries and US$17.7m in respect of the Convertible Loan.
athena, that's what bounty said, didn't think i would have to explain that to you. anyway, why do you think nobody has taken me up on the target bbls-d challenge. With the targets that you set as well. Goodness all that research and nobody has a target that they are willing to stand by.
Just bored of your trash talk. If you want to have a sensible discussion then fire away. Even Rainbow would agree that discussion can be had even if he appears to hate Range. Hopefully we continue to grow the SP and you gradually fade into the distant past. OR maybe you find something worthwhile in your live to fill the void of trashing a share you dont hold and clear have no interest in holding. FRO
bounty, "I try to be arguably the most balanced view on here," thanks for the laughs bounty, that made me chuckle. It is certainly not my view. ( btw, you do realise that CH thinks he is balanced too ).
The day in review... i wasted 20 seconds reading your post. Just my veiw of course. I note your opinion as to the rise being overdone, but I dont think many people on hear care for your opinion, IMHO obviously. Other than that, the SP is better than it was this time last week, lets hope we can say this most weeks in the future so trolls crawl back under their bridges, obviously IHMO only. FRO
Less than 8 million traded at close, so the perceived rise is overdone IMHO especially in light of the after hours trade 2,272,286 Sell* 4,590O posting a strong sell, because at this price it has to be. Just my view of course
Range Resources Two pieces of good news from Range, yesterday they announced that RRDSL had been successfully been awarded a contract with Shell Trinidad for a one-well work over and that rig 19 started operations on 19th March and will take approximately 10 days. This is most important as if your rig is good enough for Shell then�.. And today they announced an update from Indonesia where an early production focused work programme has been agreed, earlier than I had expected. First oil production is expected to get under way in mid-2018 at 200 bopd gross and field work will also start with well reopenings and workovers. With an experienced team now in place and two offices opened Range can look forward to � unlocking the full potential of this asset�
Just for clarity, how much debt do you think RRL have?? Think you need to look a little deeper, as you seem very confused with your numbers.... I will post some details when I get some free time tomorrow...
WTI $65.17 +1.63 +2.50% 2018.03.21 end-of-day Brent Crude Oil $69.47 +2.05 +2.95% One year forecast for WTI is now $74
Is this worth a long term investment?. Come across this company on another board and it seems it's at an all time low which usually means the only was is up or admin
Landau, Puntland, Rum, RSR and now a bunch of anonymous Chinese guys / gals. A really weird company over the last decade or so, horrible if you have been invested for that period. Buys at one point at 25p - now people are celebrating buys at 0.25p. Just a 99% drop. Too much debt that they won't ever be able to manage / service (well, not in a way that provides a proft for holders). Feel for long term holders - many of whom have too much loyalty to a company that has constantly slapped them in the face. yet they cling on even though they know the limitations. Such a shame - I would love a surge to a penny or so to allow those people to get out with something at least....
Rainbow, as you know I try to be arguably the most balanced view on here, having shot down people on both sides of the fence. As per my posts yesterday, I am hopeful that these recent announcements are the signs of things to come. The PR on Range has been nothing short of diabolical over the past few years, I am not wanting to go back to Ipad RNS�s being leaked but there was something to be said about the Landau method of communication (not what was actually said � ie the lies) that got a lot of engagement from the AIM audience. TO REITERATE I DO NOT WANT US TO GO BACK TO THE BAD OLD DAYS. But there is a lot that can be said about Landau�s understanding of an AIM audience and how to trumpet the good things going on. I would like to see the board be a lot more PR savvy and as I stated yesterday, the Shell contract in isolation is �ok� but as an indicator of where we are heading it is certainly a good flagship piece of PR and I am glad that they released it as they did to try and spark some interest back into the company. Over the last few years there has been little good news and I think we need to really hammer home the good stuff. I suggested yesterday that I hoped this would be the start of a PR push and again, whilst the Indonesia RNS is not a game changer it has many positives. The level of BOPD is not huge and I don�t think that is the important take away, however, we are going above and beyond the minimum requirements which will hopefully get us to our 42% stake sooner than initially expected. The simple work that is being undertaken is going to allow for strong foundations over there moving forwards. A point to note is that we are heading towards meeting the minimum work requirements over there but have not done anything of note on St Mary�s or Guayaguayare. Perhaps the board see more upside in the short term over there and a better use of funds to spend over there. I hope that we get an RNS in the next week or so with an ops update from T&T or perhaps one of the 2 drills planned for the year. It would be good timing to continue the positive PR moving forwards. As for my sell out point, it is multiples of where we are now, let�s be honest if I have stuck through the tough times, I want to reap the rewards. I am fully aware that we could go belly up with the debt BUT I am comfortable with the risks associated am looking forwards to the positive times ahead. KRO.
5p will do me too, then I will only be 10p ps down. Should Peter Landau be 'Jugged' for his greed and wrong doings, that could see a notable increase in the SP to know he's well and truly out of the equation. Even the ASX could react?!!! As long as you are less than 40, you have a fighting chance. Many here may not be so lucky. I reckon I will get my OAP before this goes anywhere! lol
Rexco what do you mean show you the dividend? If you are seriously waiting for a divi from RRL you might be waiting for a long time! I think you’re better off investing in GSK or BAT as a dividend play ...