Sold out off this share a while back. Looking to buy back in but am concerned about A. Austins shares. IGas (LSE: IGAS), one of the leading producers of onshore hydrocarbons in the UK, has received notification that the Chief Executive Officer, Andrew Austin, has purchased 300,000 ordinary shares in the Company ("Ordinary Shares") at a price of 135.38p pence each.
To fund the acquisition of shares Andrew Austin has entered into a loan facility, and has transferred up to 7.5… Read More
Been sitting on a 36p average for some time, might be ready to top up but I think this will go lower before it goes back up. I think that good news on the Cuadrilla front will notch it up but the only thing that will really recover the SP is evidence that the company is making enough money to service its debt and have enough to recommence exploration. At this point they are hibernating, let's hope it wakes up soon!
I see the low price as an excellent opportunity to add to my holdings at a great discount. Bit like buying a woolly jumper in summer..... Once the spread narrowed a bit I had a little top up myself last week to average down.
I only hope I can add a few more and average down a tad more before the SP begins climbing again.
Investing long:- invest, sit back, relax and come back in a while. Let the money do the work. Top up during the dips. You won't lose… Read More
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