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.
someone posted kistos may be interested farm in or full TO??
Fits in with there strategy
Fruition for Parkmead is on the table........Now is the time to kick start the assets !
Has anyone heard any news about Millwall shares? I’m still hanging onto 750 of them.
I bought nearly 90,000 of these shares back in 2011. After consolidation I have around 5960, which are now worth a fraction of the price. Any advice anyone? To get my money back these shares need to go around 2.50!
Absolutely the same model as Dana ..... Only news when there is anything to say.
Watch this gain momentum through 2021.
GLA shareholders
No news, no snippets, no updates, nothing on Parkmead website since Nov 2020, very poor, must be hard at work romping around up at windmill hill??
I’ve added as well, don’t usually post much on this board but been in here a while - traded the last bounce, hoping for the same again
Me too...done really well on some of my other oil shares so ploughed the last of the profits in here this morning.
Can't see much downside.
I trade PMG so top sliced a few thousand not long ago close to 40p but just purchased 15,000 via HL this morning at a fraction under 34p. I think the sp will cycle back up towards 40p on reasonable results and were a bid to emerge higher still. But as has already been discussed below a bid/JV seems unlikely and much would ride on what Tom Cross wants to do with his shares.
Not for sale !
ENQ likely offer cash buy out of GPA
Leave us to drill skerryvore
L3 - takeover is good for me as my average is very low, but I don't think it will be good enough for TC. The renewables project is also unlikely to be attractive...
But honestly....do you think perth development would have been any different under anyone else? Many have tried and failed. This is the closest it has ever been to getting FDP, and it's been achieved in a historic downturn.
As I've said, I would like a deal with ENQ and PMG to buy CNOOCs stake in Scott, with ENQ farming in to PDL licences. How that looks in terms of %s I don't know but with the amount of FCF ENQ are generating it seems like a nice way to add significant reserves.
OR use enquest Producer and go for a larger development.
Takeover seems to be the only way for the GPA assets to ever reach production. TC has not been able to deliver the goods, and w/ Dr. Percival gone, I wonder who is doing the hard work...
Now that sounds like a plan mrc.. !
Yes, you are probably right. Hopefully once we have some clarity on funding needs of perth. The SP will do multiples and we can either use the cashpile to drill, or issue shares at a much higher SP.
Inclusion of Skerryvore is based on the strong view of Parkmead management that this could be drilled by late 2021"
------------------------
Aye add a year due to Covid....... Probably plans are all over the place but have to assume revenue taken care of first !
Seems like TC has given the nod - from the arden research June last year...
"Inclusion of Skerryvore is based on the strong view of Parkmead management that this could be drilled by late 2021"
GPA will. surely got the green light shortly......
Gogsy, you can see the license details here (pages 35 & 37 for phases and timings):
https://dataogauthority.blob.core.windows.net/external/Redacted_Licence_Docs/P2406_LICENCE_Redacted.pdf
Summarising, they need to reprocess seismic before Oct this year, then before Oct 2023 to shoot more 3D (or confirm what they have is good enough to make a drilling decision), then Oct 2025 to drill.
mrc...if only! Was just trying to remember when they last drilled anything as operator...?
I will be pretty happy if we drill skerryvore this year. Need a bit of excitement as well as solid development progress
With Davaar, I suspect that it is on a 3 year drill or drop from the date of award. They have 3 years to decide to drill, then 3 years to drill and decide to move forward and develop. Given the lack of any announcement on drilling, it may be dropped at the end of this year, although I suspect that theycould get an extension because of COVID
Again thanks i can only hope pmg shares get a lift as even with my lloy shares i will only have about 50 per cent of the capitol i require. Cheers Rab
Hi Rab
If you buy 20x the number of shares at 39p your average will drop to 50p. 10x gives you an average of about 60p. 1x gives you an average of about 158p. IMHO.
If you were to double your original investment that would buy you another approx 20000 shares.
Hi, you will need to buy around 350000 shares at 0.39...