I can't see the pmo ceo the reason for the drop ,pmo has been dropping in sp for 3 years (had a sp of £20 then) , they went up 8% 2day . if you look back , rkh was dropping until end of june . we then started to rise until the news of the tax bill from falklands . the sell of was over done on that news end of aug . start of sept we started rising again as agm at end of sept and got a further push ,as we started dropping back , news came of tax deal with falklands gov and we rose again until end of jan . our sp was £1.20 end of june and we are back there ,but as tailender says , whats changed since end of june ? , should we be higher than then ? . this has been a very well played 6 months by the more influential shareholders , look at the holdings . this has dropped because they have been selling on and due the last rise and start of this drop . now buyers dried up so down we go , they've sold took the profit and waiting to buy back in taking abit more off the pi's in the process . zig zag down until news of drill contract . trading to gain on way down . that's why I use charts , they leave the signals as they get in and getting out . if you can follow them you can gain as they gain , not always easy to see them at work but it is possible . I don't short shares , just try play the dips and rises .
"Premier struggled to hit production targets last year, twice cutting forecasts due to problems at projects in Britain's North Sea and Vietnam. Oil production for 2014 is expected to be flat or at most grow 8 percent, due to maintenance and efficiency issues in the wake of successive downgrades last year.
During Lockett's leadership, Premier's share pricehas increased by over 140 percent, outperforming the FTSE 250 of midcap shares, while average production has jumped 56 percent, the company said." (from LSE)
i'm still happy to off bought some of the shares I sold @£1.54 back now , charts look good for this to be near a bottom from this recent drop . as posted i'm looking to trade on a rise . I didn't re-invest all I had took out because of my monthly chart . if a trade doesn't happen , (ie sideways instead of upwards ) , i'll look at investing again near next pp on my chart . I have 0.93p as next pp . but nothing goes down or up in straight line and as posted earlier chance of bounce with daily and weekly charts . we all have to do what is right for us and your strategy's , mine this year is I hope in on dips out on rise if I can time them correct . see what tomorrow brings
but to put the share certificates in the bottom draw, which is where they belong anyway, and just forget about them for at least 12 months. Watching falls like today could just drive you crazy, but have the fundamentals changed ?
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