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Don’t drink...I’ll have a tea though, maybe I’ll break my duck when Enquest hits 60p, now that worth a glass or two of bubbly ;)
Have a few glasses of bubbly and toast to QE being announced by the fed when the rate decision is announced in 45 minutes.. ;-)
OIl's not done yet for the day. That's my wild prediction for the day.
Oil losing more ground, at this rate we’ll be back at last Friday close, as nothing ever happen, magic!
So Jefferies = Double A.
That makes sense wrt numbers. Thanks.
Surprised AB holds any stock with them to be honest specially with the rating they have given us of the last few years. Unless they are trying to suppress the SP for him
Londoner - Jefferies is where AB holds his stock.
romaron, I use the stock fact sheet on Barclay's Smart Investor website. I don't know if it allows non-investor access.
I've noted that the list is updated on the day or the following day of an RNS stating a change in holdings. That isn't to say it is entirely accurate but it gives me confidence. The list is substantially different from the FT list. I note that the FT doesn't include the largest holding 'Double A'. Double A Limited is a company beneficially owned by the extended family of Amjad Bseisu. Also of note, Jefferies isn't on the Barclays list so perhaps not so patient.
I'm in Scotland at a place I fell for on a fleeting visit a couple of years ago. After travelling for two years I planned to move to another of those towns 20-30 mins outside London - been there and done that twice before - but came upon this place and very happy. Now have the wonderful cities of Edinburgh and Glasgow on my door step. However, I'm a restless individual - a year from now who knows.
Just about to catch a train into Glasgow to catch tonight's game at the Spurs Supporters Club.
Londoner 13.39 - Following major holders isn't an exact science. Morningstar have been wrong for months whilst the FT
have these (as of 2 Sept). https://markets.ft.com/data/equities/tearsheet/profile?s=ENQ:LSE
They should mirror the EnQuest page, but they don't. Maybe if they updated on the same day but both are reliant on holders informing them. Suffice to say the top 3 holders have been remarkably patient and consistent. I imagine the other two have built up a relationship with the management by now.
O/T so you're a Spurs fan. I attended Jimmy Greaves first game. Mauricio Pochettino lives about 300 yards from me (far bigger house) and I have never seen him around. I'm not an avid fan but when pushed say Tottenham. The rugby is a bigger attraction for me. A pal still swears that we played against Glenn Hoddle in a Harlow Sunday league. We definitely played against his brother though. Where are you based now?
donnodertrader, you raise an interesting point but I have no idea whether ENQ activities to attract IIs is at fault. ENQ employ an II relations manager as well as a PI relations manager. I'm sure the IIRM is on the task and would be happy to answer any questions on his activities. Most of my PI questions to IR are addressed by him.
I took a look at the latest II holdings. Your 8th Mar list is out of date and Blackrock no longer feature above 3%, but other significant institutions have joined since - Schroders and Aberdeen are two. (In practice these IIs sometimes swap holdings outside of the market).
The good news is that there are big IIs invested in ENQ so are alert to developments. As an exercise I looked at the % II holdings (>3%) for each company. CNE is 70% and ENQ is 40% so scope for improvement. But it should be remembered that the Rights Issue was only one year ago. While that might seem an age to the retail investor looking for a quick return it's a short time for IIs. Retail investors like to bottom fish and can be very vocal and impatient on these boards when the rest of the world doesn't see things their way. The 12,000 retail investors in SXX 'hanging in there' is testimony to that.
romaron has frequently raised the profile ENQ has in the credit market as being a negative for the share price. I'm sure he's right and IIs will have investment constraints in this regard. I support Tottenham Hotspur, the best football club in the world. If they have a hic-up and dropped a division I'd still be a follower. I don't view Enquest in the same way. If I don't think they'll make me money I'll take my losses and go else where - key, I invest in more than one oil company so my loyalties to any one, hopefully, are irrelevant. I was here and holding around $60 oil, feeling okay. Feeling much better at $65. But if things go well for Enquest I don't expect to exit tomorrow, next month or even next year. If things go well I hope to exit because I consider it is over valued in say 3 years from now with oil averaging at least $60 during the interim. IIs will have similar timeframes.
Its not only Cairn that took off after their H1 Update so both PMO and Tullow did, even with Tullow having been shafted by Uganda. Either Enq will follow or the others will drop back down, If you overlay them on the chart, Historically they all overlap each other at times but follow the same pattern.
And we made a profit of 100 plus million in 2018 and they made a loss of 1.2 billion.
1 billion market cap versus ours at 330 million when our assets are very close in value illustrates just how undervalued the mc is.
I know if was a shorter which one I would choose :-)
Don't know why simple fundamentals is so confusing for them tbo, We all know as much as them it would seem but they use something different to calculate the Mcap? I prefer to believe it is all bull**** now.
Since the comparison with Cairn Energy has come up on this thread, it would appear that Cairn team is doing a better job at attracting institutional investors:
https://www.cairnenergy.com/investors/major-shareholders/
There are 10 institutional investors and they are also bragging about the depth of such investor base on their website.
Compare with Enq top investor list where there are fewer institutional investors that hold lesser stakes:
https://www.enquest.com/investors/shareholder-information/shareholder-meetings/major-shareholders
Blackrock, for a start, owns more than 10% of Cairn that has around £1bn market cap and 3% or so in Enquest that has a market cap of £330mln.
It is no wonder that Enq is underrated by the markets. I think it is not only the pile of debt which at the end of the day is becoming more and more manageable. Hopefully, Enquest team and AB have not underestimated the task of luring main institutionals to the share.
Also woth comparing the charts of the two companies in the last week or so since they both have had very successful results. Cairn share price took off. One can't say the same about ENQ.
Try 60p plus 900 million is loose change for an and his cronies :-)
To add to this H1 numbers was great but H2 guidance ?
Take the Debt / EBITDA guidance
May update: Target below 2 full year
Sept H1 report hit 1,8 in June
And reconfirm full year target below 2.
Same with production guidance
Guess analysts are confused how much production and debt reduction Enq estimate for H2.
Somewhere in spring after amortisation 1 April Enq can have more cash on hand then marketcap
Haha Auson,
So Swinney needs to do it?
Pelle,
I'm guessing AB doesn't drink or frequent Spearmint Rhino, so I see a problem with your suggestion.
Could make a offer to buy the company for 25p come November !
I think it is AB tbo, stealth buy back then take it private, i'm sure the EIA lieventory report will do him a favour this afternoon.
Maybe he has Pelle, Keep the SP nice and low for him as long as possible ! Load up as many as he can before attempting to take us Private
Looking at this Hargreaves Lansdown page. Comparing Broker Forecast Enq,PMO and Cairn.
PMO and Cairn I see, overweight,sector performer, buy, Top pick.
And multiple updates
At least we winning on Director deals page.
Maybe AB needs to take the Banker boys out for lunch
Absolute farce looks manipulated to me as usual
So we have now lost all Mondays gains even with the oil price $4 above where we were Friday. What a joke. Seriously testing my patience now.