Member Info for 42trader

1onic, if 170 is a possibility, then would not 160 be more realistic to then fill the gap?

These boards can be a great source of info while sieving through the trash.But what I have noticed is people only write one side of the story. I would like to think these boards are here so investors can help each other make money. Would it not be great for all to point out all the positives as well as the negatives? Would that not help people more? Instead, we have the ones invested who only write positive comments and jump down the throats of those who would write a negative comment. Then on the other side, are those that are not invested who only write negative comments and seem to want to wind up the investors. It is really quite sad.

Just a minor trend line going back a long way. The most important thing here is it did not go lower than previous low. Early days though. When you take into account the fundamentals are good and NAV assets are approx. 5x the current sp, a plan is in place to quadruple revenues and the last statement and results showing the company is ahead of market expectations, it simply becomes a waiting game.

Sharedeal1, you need to learn patience. Yes it is under valued and will likely be double the price by the end of this year. But until some good news or figures showing increase in profits comes out it is common for a share price to lack lust. The fundamentals of this company have improved but the market wants actual figures released proving a change in fortunes. Technically the share is still in a downward slope. A possible good sign though, is the share price did not go down as far as last time, has bounced off a trend line and the RSI and STOCH are pretty low. http://www.chartupload.com/viewer.php?file=97289976684020742306.png

Technically RKH is looking extremely strong. Having broken out of the trading range, RKH has also broken past the 200 EMA. There is some minor resistance at 51.8 but this really is minor. The first real resistance is all the way up at 79.5 then 114.5. The only real negatives are RSI and STOCH in the over bought. With the oil also being over bought, but likely to rise further this year I would expect a consolidation period where the price goes sideways allowing the RSI and STOCH to fall back down. Whether RKH does the same, who knows as it is playing catch up. Any good news and technicals are blown out of the water (as with bad news).

My coalman said he heard of the window cleaner that has just has just come back of holiday from the US says he heard that a rather large oil company begining with S and ending in L to buyout RKH. He also heard that Donald Trump is doing a secret deal with Iran to supply him with a dark haired wig and beard set.

Agree with you regarding fca. As for another offer, pretty sure Abcam would need to wait 6 months now before they are eligable to make another offer. Totally guessing, but i would not be surprised if they pulled out because of Milner.

Yes I forget some people were at the back of the que. let me narrow down that sentence into manageable words: Finalising letters of intent funding of $400 million near completion Bare in mind we have received no RNS previously saying - we don’t know why the sp has risen. So nothing new happening? Rkh not on target to start sea lion this year? Just wait until RNS comes out saying that funding is all signed off and sea lion can commence. The current sp is cheap.

This bit says it all : "The selection of the main contractors for the project, and finalising letters of intent to underpin the contractual arrangements and the provision of vendor funding for $400 million, is near completion. Following a comprehensive commercial bank market engagement process, with a number of banks expressing a desire to support the project, a pathfinder bank will be appointed imminently to assist with the arrangement of senior debt facilities for the project. If you don’t understand this very simple English, I suggest you quit investing.

https://www.investegate.co.uk/rockhopper-exp-plc--rkh-/rns/agm-statement/201805180700034982O/

Totally agree. 17p is borring. Hence i try to go with the old adage, buy low, sell high. Amazing how many people do it the other way around.

I think it will at so,e stage this year. Just need to wait.

Welcome on board Uncle Trojan. Im quietly confident here. Nice rns and hopefully see a turn around soon. Just need to get dad on board but ill keep a low profile on that one.

Well there is your director buys lbg. 170k is a nice chunk to add to previous large buys. The company is progressing well. Metro rod slightly exceeding expectactions. Carry on as they are and loans will be paid off sooner. Nice to have a dividend paid here too. I also bought in here in the sixties with intention of holding a couple of years and see how the company grows. I think i am going to get a quicker return than i originally expected. Once Interims are done we could be looking at over a pound. The bod certainly seem to have confidence.

Possible return to pivot. In charting, anything is possible. But generally, stocks/indices do not bounce back after sitting on the 100. Either they bounce off, or they consolidate and the carry on in their current direction. Either or, you would not want to be putting a trade on mid channel.

Ive been working too hard with long days. As mentioned with prices you are quite correct i did mean Brent as WTI is completely different price. The point i was making though, is RKH is still very much under valued now that the oil price has risen and likely to carry on rising this year. Nice find Penticton66.

A very nice rise yesterday but still under valued. As you will already know, RKH fell from its over inflated share price primarly because of the drop of oil prices which made RKH unable to drill profitable in the Sea Lion Field. This fall in WTI has encouraged RKH to drastically reduce costs and RKH has been fortunate enough to have the funds to weather the storm. With WTI increasing to over $70 i believe RKH has just lagged behind iwth increasing the share price and now it is starting to catchup. There is also a very likely chance of WTI reaching $90 this year. There are several broker ratings about all a lot higher than current sp. For those who have not listened to Malcys interview on 24th April I suggest you look it up as he sums things up very well. I am in here under 21p and I certainly see no reason to be selling yet. 75p-80p is my current target. If WTI hits 90p this year I will be looking for �1.20. Also take a look at the latest Edison review.

https://www.youtube.com/watch?v=j-fWDrZSiZs

So the economy is doing well. So we are told by the experts. Businesses are doing great. The problem is, at whos expense? The little people. Everyone expects everything for peanuts and the businesses are slowly going bankrupt. The margins are too small. Not this year and possible not the next, the bubble will burst. With the workers earning less and less, who will be left to buy things? Fact: A warning that the economy is not doing too well is higher levels of self employed people. Fact: There are more self employed people now in the UK than there has ever been.

Follow the dow, trace the SNP but trade the smaller markets. Dow is going up. Looking for a small retrace from 24940 to 24770. SNP - 2728 down to 2695. DAX - 13120 down to 12900. FTSE - 7780 down to 7705. After that, let the rise continue.