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Range Resources Ltd Share Chat (RRL)



Share Price: 0.3845Bid: 0.359Ask: 0.41Change: 0.019 (+5.20%)Riser - Range Res.
Spread: 0.051Spread as %: 14.21%Open: 0.355High: 0.3845Low: 0.351Yesterday’s Close: 0.3655


Share Discussion for Range Resources Ltd


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bountyman
Posts: 1,618
Off Topic
Opinion:No Opinion
Price:0.3845
RE: Averaged down
Today 17:21
Celtic, I fully agree that it is nobody on here’s business. I am happy that you are in profit, you have seen some pretty bad times over the 2 shares.

I think that workover has a point that he was struggling to establish how you got your average down to 1.94 as you have not posted other trades – not saying that you have to but you can see the point that he is making.

Like I have said, I don’t really mind for you average as it is simply none of my business but if you do post items, particularly when you have polarised opinions as you have over the years, they are likely to under go some scrutiny, whether that is right or wrong, principally because of your constantly positive spin you place on Range.

I won’t cover old ground on this, as you know my points but again I understand where workover has come from. The only reason I did it was out of interest, once I had the figures I thought it was interesting to post.

I get your holding to nearer 3m – not bad for if and when we see the rise.

KRO.
 
mutleyPyle
Posts: 2
Off Topic
Opinion:No Opinion
Price:0.3845
Chunky sells
Today 17:14
someone not convinced 2,026,100 sell 7,470k.
800,000 sell
500,000 sell. Hmmmm
Celticheart
Posts: 10,266
Off Topic
Opinion:No Opinion
Price:0.3845
RE: Averaged down
Today 17:03
Not really your concern is it, not even sure why you decided to involve yourself, the fact remains I now have 2 million @ 1.94 having consolidated some of my loss elsewhere (I don't post all of my trades as it happens). Bottom line is my portfolio is now back in the black.
workover
Posts: 314
Off Topic
Opinion:No Opinion
Price:0.351
RE: Averaged down
Today 16:14
Exactly bounty man! I calculated a 2.14p average with similar assumptions. Like you say it doesn't matter but a degree of posting honesty does.
bountyman
Posts: 1,618
Off Topic
Opinion:No Opinion
Price:0.351
RE: Averaged down
Today 16:10
Workover, I don’t think it really matters but I had some fag packet calcualtions…

Based on 2m shareholding (may be wrong – if higher it is worse…) at average of 2.35 the cost was c. £47k

2.275m shareholding so cost £48k – as such an average of c 2.11p.

But that has little impact on me – just good to see Celtic bringing his average down to make it more achieveable…

KRO
workover
Posts: 314
Off Topic
Opinion:No Opinion
Price:0.351
RE: Averaged down
Today 15:55
Can't seem to get the sums to work! How did you manage to get your average down from 2.3p to 1.94 just by buying 275k shares. You held over 2 million previously. Something just doesn't add up!
Celticheart
Posts: 10,266
Observation
Opinion:Strong Buy
Price:0.351
RE: RE: Averaged down
Today 15:33
New name but I suspect this is an old visitor
Mickdee
Posts: 2,383
Off Topic
Opinion:No Opinion
Price:0.351
RE: RE: Averaged down
Today 15:14
mutleyPyle
Nice of you to sign up and give us your valued opinion in your first post!
mutleyPyle
Posts: 2
Off Topic
Opinion:No Opinion
Price:0.351
RE: Averaged down
Today 15:02
Not for coffin dodgers this one.
No chance of seeing a return with punchy averages,
Like one poster has alluded too
bountyman
Posts: 1,618
Off Topic
Opinion:No Opinion
Price:0.351
RE: Averaged down
Today 13:55
Ah no stresses - was a sum of a few buys around the same time so I had assumed/factored them together.

Nice to see you back buying in. I am still tempted but other priorities as it stands but I am reasonably comfortable with my 2m.

Fingers crossed for the short-term future to try and get some of the battle worn holders some profit!

KRO




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