The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It is a truism that this board has been populated by the fortunate who saw value long after it had been destroyed, the unfortunate who saw a great majority of their investment wiped out long before the fortunate ones got involved and the morbidly depressed for whom only the complete bankruptcy of San Leon will suffice (and to be honest, I really don't understand their malevolent obsession, but then I don't understand a lot of things!!). And I think we are all banging our collective heads against various brick walls. However, as a few of us have pointed out, more than a few times, buying shares down here at a 18p discount to the last tender price might well be worth a bob or 2, given the company must be obliged to inform the market should its financial situation (aka non repayment of loan) have markedly changed from expectation.
So its rather nice to see volume well over 1mm shares today as excess stock gets cleared up. I might even have to buy a few more to add to the ones I bought yesterday...
Marty, please don't make me regret trying to respond to you as if you're a reasonable actor.....In the main, your entire post demonstrates you don't understand my point, so I will try - just this once - to explain. I am not arguing sle's performance this year (and from the 18p lows reached at the height of the Suntrust overreaction) as a rationale in itself for owning the shares now, any more than the fall from their highs 5 years ago is a reason not to. The point is this: the trolls I am battling here ARE arguing the latter; they are transparently promoting the idea that because of past performance, the shares, no matter the clear, physical asset value (read: C-A-S-H) that should be evident to all, are NOT the deep value opportunity that any sentient person can plainly see them to be. That somehow, the company's and share price's difficult history trumps real, verifiable evidence to the contrary, a proposition so absurd that Jabba and his minions find it necessary to try and gaslight shareholders into ignoring what is right in front of them. As you can now see, that even extends to trying to 'explain' away the share's solid performance so far this year, which includes the ONLY special dividend paid in the sector on AIM. The recovery from the lows may be minor in light of the fall it has suffered, but if there were no merit here, there would be no recovery at all, regardless of its size, and these person(s) are clearly committed to denying those facts. THAT'S the point. And it is anything but irrelevant.
Arguing about performance is really rather useless as it all depends on whereabouts you stand on the mountain (ie. Your buy in price). The 0.001% of investors who bought in the mid 20s think this is a greater share. For people who bought in 4 or 5 years ago, this share is an utter disaster and YTD performance is utterly irrelevant.
Nevertheless IMO it's hard to call a share that falls 90% and then rebounds somewhat (minutely, if based on the original price) anything but a trade. Especially if they end up in Nigeria - the only country in Africa that makes Southern Sudan look stable.
So come on OF, put down the Big Mac and sort this mess out. You put us here (literally).
'Can you agree that this is an incredibly good opportunity...'
amidst all the excrement of your post, junkie, albeit unintended by you - a good question. My answer - absolutely yes and we've been buying.
I just explained it to you, tonto. Despite the recent fall, the share price is still up 15% on the year nominally and 46% when the 46p cash out - effectively a special dividend - is included, making it one of the very best performing oil and gas shares of any size outside of Eco Atlantic in 2019, you towering imbecile.
again you are frightened of of the truth and say that anything you dont like is a lie. these are facts you want to cover up. the red lion is among the worst performer in the sector. i nicely ask you to show me figures to differ from mine and you cant so you call me names. this shows you up for what you are. show me your figurs or everyone can see you are wrong or you can just call me names and show yourself up. mr steven 1234 will think you are a joke.
Someone tell this muppet's muppet that his lists are largely gobbledygook, whose main purpose is likely meant to - once again - throw up enough dust to obscure genuine data, like the fact that the period covered includes a cash-out, at 46p, of over half the shareholding of nearly all small shareholders of record at that time, making a mockery of his 'performance' tables.
i hope mr. steven1234 thinks i am helping the balance of discusions here with my research. thank you.
BP. BP 517.00 554.00 -6.68 BP lost 6 percentages
RDSA Royal Dutch Shell 2,334.50 2,417.50 -3.43 lost 3 percentages
33 CNE Cairn Energy 205.00 171.00 19.88 UP 20 percentages
ENOG Energean Oil & Gas 949.00 799.90 18.64 UP
i think you are rong mr bluerill about the red lion being a fallen angel but still leadin the sector. the red lion has fallen a lot lot more than most i think and many oil cumpanies have made gains it seems to me after checking the facts for myself. please let me now if you can find figurs to prove your words.
in same investment price range top of tree is oil cumpany petrel who made over 500 percentages gain and evenempyrean who managed healthy 8 percentagess up. lot better than the red lion loosing 31 percentages.
1 PET Petrel Resources 8.25 1.35 511.11
2 OMI Orosur Mining Inc 5.45 3.35 62.69
3 APC APC Technology Group 9.13 6.75 35.19
4 SYM Symphony Environmental Technologies 8.50 6.75 25.93
5 SHG Shanta Gold 8.25 6.70 23.13
6 PHC Plant Health Care 7.10 6.13 15.92
7 RGD Real Good Food Company (The) 7.00 6.25 12.00
8 TAN Tanfield Group 6.00 5.50 9.09
9 AFC AFC Energy 5.06 4.66 8.58
10 EME Empyrean Energy 9.75 9.00 8.33
11 UNG Universe Group 5.00 4.85 3.09
12 DODS Dods Group 6.75 6.70 0.75
sorry PGR Phoenix Global Resources is also oil at number 4 faller.
the red lion is number 16 faller over 6 month in the 10pennies to 50pennies catogory and looks like ther is no oil cumpanies above it. of course there are other price grades if you want i can post them.
1 PUR Pure Wafer 36.50 181.50 -79.89
2 NANO Nanoco Group 11.13 49.30 -77.42
3 POS Plexus Holding 29.50 60.00 -50.83
4 PGR Phoenix Global Resources 11.30 22.50 -49.78
5 ALT Altitude Group 49.50 95.50 -48.17
6 AVCT Avacta Group 21.00 37.50 -44.00
7 BKY Berkeley Energia 13.75 23.50 -41.49
8 SOLG SolGold 22.75 37.50 -39.33
9 FCRM Fulcrum Utility Services 24.50 40.20 -39.05
10 GCM GCM Resources 17.00 26.50 -35.85
11 CMH Chamberlin 32.50 50.50 -35.64
12 SUMM Summit Therapeutics 21.00 31.50 -33.33
13 CNKS Cenkos Securities 44.50 66.50 -33.08
14 OPG OPG Power Ventures 15.50 22.85 -32.17
15 NET Netcall 30.10 44.00 -31.59
16 SLE San Leon Energy 29.45 42.80 -31.19
17 VGAS Volga Gas 35.00 50.00 -30.00
18 AOR AorTech International 46.50 66.00 -29.55
19 PMG Parkmead Group (The) 40.85 57.30 -28.71
20 ARDN Arden Partners 19.00 26.50 -28.30
21 OPM 1pm 31.50 43.00 -26.74
22 PEG Petards Group 19.50 26.50 -26.42
23 AFN ADVFN 26.50 35.50 -25.35
24 TSTR Tri-Star Resources 37.00 47.50 -22.11
25 GTC GETECH Group 23.50 29.00 -18.97
26 BLVN BowLeven 10.35 12.70 -18.50
27 PCF PCF Group 27.50 33.50 -17.91
28 STCM Steppe Cement 31.00 36.50 -15.07
29 AGY Allergy Therapeutics 12.25 14.40 -14.93
30 RKH Rockhopper Exploration 19.62 23.00 -14.70
31 INSE Inspired Energy 14.50 16.95 -14.45
32 FPO First Property Group 43.00 50.00 -14.00
33 PANR Pantheon Resources 17.38 19.90 -12.66
34 IDOX Idox 31.20 35.50 -12.11
35 ODX Omega Diagnostics Group 12.00 13.50 -11.11
36 IMM ImmuPharma 10.25 11.48 -10.68
37 HDT Holders Technology 40.00 44.50 -10.11
38 NASA Nasstar 11.15 11.70 -4.70
39 VTU Vertu Motors 33.50 33.95 -1.33
HI, Junkie. Maybe you could help me answer a more pressing issue: Is there like, a micron of upside, for someone like Alaric to even entertain answering your 'question' when, after doing so, your fine, excrement-loving self can be reliably depended upon to shamelessly roll onto the next snark-covered slur disguised as legitimate enquiry? You know, the way you've done forever, immune to your award-winning message board career for getting stuff wrong and never owning up to anything? Yours is a phoney world of scholarship a mile wide and an inch deep (e.g., sle's fall from 40p to 30p is in-line with the sector over that period, but most names are now sitting at or near all-time lows while sle has STILL provided shareholders with over 40% total return this year), and you still manage to nearly drown in it every time. Dilettante
Hi Alaric. As you and Mclean have repeatedly posted that I am a non-holder (thank goodness, that's true), I'm faced with a dilemma. You know so much about this share and promoted it a few weeks ago at 41p. If it was a good buy then, it must be the opportunity of a lifetime at 29p?
Can you agree that this is an incredibly good opportunity...what with a new pipeline and FSO due to be operational in 2019 (according to yourselves). Or is it a complete load of excrement? Please advise me.