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Lgo Energy Share Chat (LGO)



Share Price: 2.80Bid: 2.75Ask: 2.85Change: 0.00 (0.00%)No Movement on Lgo Energy
Spread: 0.10Spread as %: 3.64%Open: 2.80High: 2.85Low: 2.775Yesterday’s Close: 2.80


Share Discussion for Lgo Energy (LGO)


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buzzlightyear4
Posts: 6,149
Off Topic
Opinion:No Opinion
Price:2.63
Blue chips bought into pmg...
Tue 07:58
at 2.55

That's now 1.15

Great company, £50million in the bank,producing....etc...etc

This will fall below 2.50,guaranteed!!!
 
berniemadoff
Posts: 6,984
Observation
Opinion:Strong Buy
Price:2.63
this will do a Rose
Tue 07:58
Sp's often rise on a placing especially if it advances the company's immediate prospects. here's one from ROSE last june. they announced a placing of 433m shares at 1.5p raising £6.5m to fund a drilling programme. The dilution was in the order of 40%. guess what? the sp actually went up on the news. From 1.9p on the day of the placing 20 June, it went straight up to 2.5p within a week and shot up to 4.2p by 25 July. And remember ROSE havent produced a single drop of oil yet. We are generating $1m per month in oil sales and this dilution is less than 10%.

check for yourself:

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ROSE&ArticleCode=5fsyzk6x&ArticleHeadline=Oversubscribed_conditional_placing_to_raise_65m

http://www.lse.co.uk/ShareChart.asp?sharechart=ROSE&share=rose_petrol

In hindsight the recent sells that have depressed the sp have probably been the subscriber. It is interesting that the big sells actually dried up today coinciding with the placing news. That suggests to me this stock was given to short term investors who offloaded for a quick profit. However todays rns states that the placing shares are intended for institutional investors. if they do end up with ii's i dont think we should expect the kind of dumps we have seen of late.
blanklook
Posts: 359
Off Topic
Opinion:No Opinion
Price:2.63
View Thread (2)
RE: Blackliook
Tue 07:58
Yes, I know and that is a very positive outcome in my opinion. That's what I was saying?

Sadly, dilution is what it is and we will drop on open as that's just how the market works. Like pargaboy said, these shares are not going to traders so I'm not overly bothered and I'm here for the long term anyway.
oilybloke
Posts: 54
Off Topic
Opinion:Strong Buy
Price:2.63
Debt Free
Tue 07:57
onwards and upwards
soulac
Posts: 644
Off Topic
Opinion:No Opinion
Price:2.63
%20
Tue 07:57
This will not stay down for long with Rns on its way and a bargin top up time we will be in the blue very soon.
Goldenratio
Posts: 3,978
Off Topic
Opinion:No Opinion
Price:2.58
View Thread (2)
Blackliook
Tue 07:55
Think again. Blue chip instis are now on board as long/mid term investors. The 6month lock in is to stabilise the SP and show Lgo is investable
soulac
Posts: 644
Off Topic
Opinion:No Opinion
Price:2.93
NR
Tue 07:55
Well played.
knicol46
Posts: 1,295
Off Topic
Opinion:No Opinion
Price:2.90
was around 2.4p Dec 2014
Tue 07:55
will open 20% down
Galvy
Posts: 467
Off Topic
Opinion:No Opinion
Price:2.93
View Thread (2)
RE: Institutions and pension funds
Tue 07:55
Very reassuring news. Let's hope the markets are positive.
buzzlightyear4
Posts: 6,149
Off Topic
Opinion:No Opinion
Price:2.93
AIM shares always fall below
Tue 07:55
the placing price,then it will bounce,how low will this go?

I think 2p could be in the cards...

Good luck all,I'll be buying anywhere around and under the placing price....





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