The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Could be huge this…I’ll be keeping a close eye and looking top up for sure
Don’t like wishing Sunday’s away but can’t wait for tomorrow now :)
No wonder they picked ADV, if you invest in this sector this is the best chance of success appraisal well with imminent drill and exceptional upside potential from the current market cap. As we suspected ADV will not be below radar for much longer.
I’ll be looking to take an initial holding this week, although not because of the Mail publicity. That’s slightly inconvenient for me…
@sharetime43, Without sounding rude, (trust me I'm really not trying to be), If I was you, I'd watch latest interview video and or at least read through last last few weeks of posts to have those questions answered!
...And best yet, it's all free...yay!
to re-iterate saint-tropez neatly summarises ADV (09.57 Friday) and the Mail is not the first to tip
this. Potential upside is considerable...
I’ve seen previous small cap companies covered by Midas then for the sp to rise rapidly on the Monday not saying this will happen with ADV but you never know
For anyone who missed it:
https://www.dailymail.co.uk/money/investing/article-10098579/MIDAS-SHARE-TIPS-Look-oil-Advance-green-Harmony.html
and some thought he was in town to raise money :-)
Makes you wonder if that late £97k trade late on friday was a buy..
Latest interview with our CEO for newcomers https://m.youtube.com/watch?v=UZh1gj_Kj5I&feature=youtu.be
The competent persons (independent) report provides the following regarding the likely success of finding oil (95%) and this then becoming a producing field (86%).
'Appraisal well results will provide an update to the most likely resource volume and is expected to narrow the 1C to 3C range.
Development is economic with current 1C, 2C and 3C resources. Development is expected to proceed after appraisal provided the appraisal outcome is not worse than 1C (~95%), acceptable commercial arrangements can be secured with facility (FPSO, MOPU, FSO) owners (95%) and the joint venture partners can secure development funding (95%). RISC estimate the probability of development to be 86% (95%x95%x95%).'
https://www.advanceplc.com/media/1092/risc-cpr-buffalo-23mar2021b.pdf
The company have a simple but effective strategy (we know it is effective because they secured Buffalo).
They will not be the operator of any fields.
They are not explorers.
They are only interested in discoveries in the Eastern Hemisphere excluding Russia, Iran, China.
They look to JV's with only one other partner involved (the operator).
They are not looking at small or difficult discoveries (Buffalo 20,000bopd net to ADV) and they want quick results to provide cashflow so they don't have to keep raising funds.
Anyone who has invested in explorers should find this company a little less stressful with its incredibly high chance of success and a management team that have stated they are set on not bleeding out shareholders through continual equity raises.
Some good exposure the weekend. I expect we will see a strong start
Rocketing already this morning!
3.9 to buy, could see 4p smashed today
I guess it’s easy to get carried away but I will be delighted if it just closes 3.65p+
Not usually a good idea to buy in the first half an hour of trading.
Good thing it was hard to buy with all the selling now.
Better entry point now though.
Would have been a much better price if DM hadn't chimed in though. Leaves a very bad taste after going sideways for two and a half months.
Looks like some had sold out and were looking to buy back in cheaper and now the DM has scuppered their plans.. lolol
Jezzac, that's not the point. Lots of us already have chunky holdings, but it would have been nice to at least have the option to add a bit on the way up. SP has been sideways for nearly three months and was almost at the bottom of its range on Friday despite excellent fundamentals. One DM article and with no change in fundamentals the SP pretty much gaps to a new ATH locking us long-termers out. Great to see my holding explode in value though. At least it wasn't a Midas article or it would have been above NAV per share to get in. :p
Jezzac, that's not the point. Lots of us already have chunky holdings, but it would have been nice to at least have the option to add a bit on the way up. SP has been sideways for nearly three months and was almost at the bottom of its range on Friday despite excellent fundamentals. One DM article and with no change in fundamentals the SP pretty much gaps to a new ATH locking us long-termers out. Great to see my holding explode in value though. At least it wasn't a Midas article or it would have been above NAV per share to get in. :p
simple,.....you should have bought earlier if you wanted to top up
@Phoebus.. You've had 3 months to add and only last week you couldve added at 3p. No point crying about it now.
As my Scottish mate used to say " You may as well go fling sh**e at the moon" :-) :-)
Im sure you will get more chances to add a few more mate and little moves like this will be forgotten if we get the results we want after Spud..