Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video 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.
I know its just been bad, my av is nearly £10 lol long way to go i dont know why? I used to have over 60,000 shares worth £30k av was 49p, now ater the new rules i have 3046 shares worth £1900 av is £9 hiw i dont know lol
Hani1 - Join the club.... Even after averaging down, I still need around £3 per share to break even.... The last few years have been a slog here, with much frustration. The interims posted recently however, have given me some new hope here, especially as we got rid of the debt burden in April.
Hi and thank you for replying, i had such a bed experiance with igas, been hit hard loosing more than 95% over the past couple of yrs, i hope i will recover slowly and surely.
It is nice to see positive movement on this share for a change. It should have never hit the 50s IMO... With the capital restructure earlier this year, profitable conventional oil and future prospects of additional revenue from conventional and shale oil, hopefully we have seen the worst here. GLA, Merchant
Sooner than the end of the week at this rate. Don't forget £1 was only the recent placing price so much further to go
Well it's probably a IGAS specific factor because Edr (a similar but smaller company) is not rising anything like as much. I guess the analysts have run over the figures from the interim report and reported favourably. Yes probably more to come dependent on fracking outcomes, court decisions and the price of oil.
Read the latest results last week. Improved revenue and most importantly profitable. Not only that a completely ludicrously cheap stock at the moment 65m mkp should be more like 500-600m mkp for a producer like this. I would say these could be over £1 by the end of this week at a very minimum
On comeback trail
Was shocked it even dipped below 60 and even more shocked it went below 50 after the RNS. A long way to go, but would be amazed if it didn’t break 85p within a few months
Good morning Any news why the SP is going up? Thx
will almost certainly mean a run past £1 where the price should be trading now around £1.35-£150 mark
And on the conventional side, crude oil prices look set to continue their rise with OPEC agreeing an extension of their supply cuts. Demand also increasing markedly this year. Once the effect of the US hurricanes have been cleared from the market we should see another run down in US stocks. Perhaps most importantly IGAS are now on a sound financial footing (see "going concern" section of results) with the opportunity to make new investment decisions both in the conventional and unconventional sector. I know they cancelled new drilling at Bletchingly (north of Horse Hill) during their troubles so maybe that will be considered again.
IGas is extremely well positioned for the future as we move closer to unlocking Britain’s untapped unconventional oil and gas resources.
£1 minimum short term and that's being pessimistic so much potential here
Wasn't the last placing at £1 though so that in itself isn't much of an achievement. I think this has got £4-6 a share written all over it eventually
worth bearing in mind that IGas also have ML21, PL182, PEDL257 and ML18 all around Bletchley and right in the middle of the Horse Hill stuff so right now this share is crazy undervalued. As soon as the results are in it's going to top 1000p a share.
"UKOG said analysis and seismic survey results “strongly suggest” that PEDL234 has similar Kimmeridge Limestone oil potential to that seen at Horse Hill." ...and PEDL235 is right on the PEDL234 site. Happy Days!
many thanks 'jdm33' . good to know. I was thinking that if UKOG get good results from their Broadford Bridge then isn't this the same geology (or very similar) to PEDL 235 and so would be good news for IGAS? if UKOG have 300km2 of oil bearing strata then doesn't that mean that IGAS have 100km2 of basically the same resource? I'm not a geologist though.
the one near the Kimmerage Play and close to Horse Hill? Yup. That's going to be a gusher for IGas. That's why the SP at 50p odd is totally crazy. But the markets are very short sighted. Sadly they will be their usual reactive after the good news rather than doing the research beforehand and buying in early. PEDL235 is 100% owned by iGas and licence extended to June 2019 with end date of 2039. I shd think IGas are keeping this one close to their chest so they don't get a hordes of Unwashed descending on the place.
IGAS has the licence for PEDL 235 according to the UK government website. Is this correct does anybody know or has IGAS given up PEDL 235?? thanks
Should of been there yesterday after the good news Wednesday
Has the penny dropped that IGas ARE profitable? SP on the turn?
www.igasplc.com/media/38277/Interims-2017.pdf
Have to agree.... too many people got their fingers burned with this company myself included. won't be buying back in. Maybe it'll come good again at some point in the distant future so good luck to all