The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
You get the champagne, I will get the ice :)
You done well to sell at £1.25 last year, I held on a little too long and lost some big gains I could have had, hence don't want to make same mistake this time round.
1st target still around £106 to £107 and next around £1.20. Keeping everything crossed and the faith it reaches earlier than later. :) Cheers Beerbull.
Good luck with that TR, I was lucky to sell a good chunk around £1.25 ish last year, having built a holding at a really good average. This time around I started buying back in too early, I have bought from high 60’s all the way up, but probably sitting on far too many & my average although in the blue, could be better. I might be deluding myself, but I think the fundamentals here are great & improving, without the ME icing on the cake. Keep the faith matey & let’s keep the champagne on ice, because regardless of the count this will pop or I’m an Irishman.
Ps. Again your point on khashoggi bang on, if they could lie so blatantly about that, how can you believe anything they say. Bit like the count, birds of a feather etc..
sorry figure incorrect "chunk back around 86p yesterday (not 96p)
Hi Beerbull,
Sorry I did not reply yesterday, was out for most of day, i meant to say when luck plays its part, mine is all luck or unlucky, whichever way it plays. I am no shrewd investor as most on here, fundamentals go out the window for 90% of the time and outside events create the opportunities.
I came out of £400k as you know but left some in to see if PMO would have its big drop back down, so managed to catch a chunk back around 96p yesterday.
I also put back in around £200k around 10.00am this morning, not a great gain but happy PMO has held up a little as well.
Price Qty Sterling (for those on this BB that think its porkies)
88.5747 88,338 -78,649.30
88.4656 28,104 -24,999.63
88.5262 111,260 -98,999.67
Trouble is when i see it drop fast, got to try and protect the larger gains I have had, as in past lost some great gains.
I am still up a good amount overall, but the amount oil is up and down makes it very hard sometimes to keep it all in.
Trouble is I have followed PMO for a good while and know it has legs to get back to £1.50, but at same time, don't want to see it back to 60's and lose all my gains either. That's why i get really frustrated at times. Its like a casino out there, Trump creating much of the volatility.
Just to re-iterate from the other day, people on this BB that tell you which way its going is impossible, as to predict anything day to day I find, generally the markets can do the opposite.
Hows your doing Beerbull ? Good luck to you mate, hopefully we will be celebrating with the beer when it gets there.
This IPO rather puts the Saudis on a collision course with Trump who will be looking for something nearer to $60 as he ramps up the new term campaign.
Something tells me Pompeo has made MBS his *****. I hope not, for the sake of the sp at least!
So TR, the fifty million dollar question, have you or are you buying back in. Maybe a case of you can’t live with or without PMO..
It was interesting to note during all this that Saudi stated that they still wish to float Aramco within 12 months, which takes to next Sept 2020.
I suspect it is too early for them to start cutting production as per OPEC, as by the time they cut, US shale will increase and oil will be back down before their float.
I think they will start cutting larger on 5th December, at the next OPEC meeting meaning effects will be by say April, then they have the float between April and Sept next year. Their float timing will be crucial in all this.
Either way, we know their target will be $80+ within next 12 months and they will achieve it, hence they brought the new prince to oversee OPEC.
Add this to Zama sale and near to Tolmount online, next 12 months will be the best increases in last 4 years for PMO. IMHO