I've gone for JIL and GBO at the moment. Sold a small holding in another share for a small gain today, so will keep monitoring KAZ and the drops in RPO and SNTY, but it would need to be a really good entry price to warrant the fees on a small amount.
Looks like your punt on SMDR was well timed Hottentot.
Still aboard but internet in Cambodia is pants, agree with KAZ still got a few from my time in ENRC 350 would be great get me out clean. Moving tomoz dont forget that MDM and JIL go ex divi wednesday if you bought in. Relying on TT. figs. tomoz for a nice clean monkey. Smeagol be careful of oil companies with all this fracking taking place if the Chinese follow the Americans lead the world will be awash with the blackstuff water will cost more!! gla .
Agreed , market re-action a bit of a surprise , british bulls had a buy on this one friday @ 217.0 p. Back to the lows of 2009 and dropping (209.0 p as i speak ) We have a long term downtrend which suggests a bounce now ,within the trend. to at least 350.0 p ( 66% upside) There are short term downtrends i know but if we see a bottom to this one today perhaps a close at somewhere near the opening level of 217.0 p the risk/reward has got to be worth a punt IMVVHO. downside now is very limited --i think i'm buying in now with a tight trailing stop GLA.
yup, looks like I was well off the mark with kaz! Maybe I underestimated the will of the shorters. Anyway, that's definitely a share on which you don't bet against the trend. Unfortunately that makes me almost certain to miss out when it does rise. Looks undervalued to me now the debt risk has been mitigated. Also frees up funds for a possible divi.
I'm having a melt down , lol, was on looking on this boards Rns and not SMDR. ? What a wally i am !! Anyway took the plunge and got in at 101.24 p --just a small buy but will keep adding on the rise with 99 p as the initial stop. ARSENAL58-you still with us ,buddy ? KAZ has dropped back a bit after early rise -will watch that closely now. VGLA -----Andreaban , you in on SMDR ?
Sorry for the late comment, had a busy w/e. I've been watching SMDR for some time, but still haven't been inspired to part with my cash. I think it's a combination of the debt, the lack of post-tax profitability with over 10kboepd and a lack of clarity on my part about just how much and how quickly production can be increased. Having said that, if you're thinking of getting in, we're probably at a fairly good price now. Not sure how the market will react to today's rns.
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