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I have been off this site for a while, since then my holding in these shares have drifted even lower. Is there anything in the pipeline to make these shares go higher by next April 2020?

Well argued and tempting to get back in. However, why haven't the Directors bought back after getting out with such a massive profit? They don't seem quite as keen on the shares as you.

Ultimately this could be a good play. And maybe I was a bit harsh on my price prediction of £3.50...…...it could be with USA QE that all boats will rise in the next 12 months. But when the bubble bursts...…£3.50 may well still be on the cards!

The answer to that question is easy...….£3.50 I suspect that around that price the Directors might start buying the shares again. But do you know why they are not buying now? I suspect it is because they know that a major market correction is on the way. It that happens this Autumn then irrespective of the quality of any share, expect all prices to sink! It is not unusual for the market t take a 40% hit. So my £3.50 target is actually conservative. I am going easy on this particular share, because obviously they provide a service that will always attract customers. So they are not likely to go bust. But as with any share, it is very important to look at borrowings and to see how profits hold up.

Looks like this share is being dragged to hell! I shouldn't laugh!

I hasten to add that one day, for sure, these shares will come up trumps. But at 65, will I still be alive before it happens?

I'm glad my contribution provoked some answers! Its difficult not to be passionate about this share, but I am also a realist. I am an investor of long experience. When I held Desire Petroliam I first bought 100,000 shares for 1p I got out with a £20,000 profit. I'm not here to lose money, who is? But we are in a mature market and the first stocks to go to the wall are the penny stocks. That is why I do not think it unreasonable at all that these shares could go to 16p!!! I don't want them to, but it is a possibility. I utterly agree with you that it seems utter madness to leave billions of barrels of oil under the sea, especially when I have waited patiently through the whole exploration process and saw the shares go to £5 + and then down to todays sorry levels. [ I hasten to add that I got out before huge fall and got back recently at 26p] what a pity I had not flogged them at 40p but there you are. I'm used to disappointment, but I stick in there.

Unfortunately you did not address any of the wider issues I raised about the political back drop and the state of the market as a whole. I had hoped for some reassurance and encouragement. I'm not sure I get much of that from just wishful thinking. Who is going to give money to this company if the price of oil falls through lack of demand due to a world wide recession? IT ALL REVOLVES AROUND THE OIL PRICE.

Surely there must be some one who will leap to the defence of this share and breath life into it! Where are all the rampers? I guess the share is just boring.....no one has any interest in it. Maybe the Brexit crisis will help revive business during the winter months?

My view is that it could go to 16p because of the head and shoulders pattern that has formed. I'm not selling my holding of 50,000, but when it happens at least I will be able to say "I told you so". Quite honestly the market seems to me to be very unstable. The a presidential election just over a year away...….the markets are being artificially pumped up, but as soon as their is a small increase, it seems to be syphoned off. We are on a down trend. And oil is a world of its own.....can it continue to be kept artificially high? Political tensions may influence short term. But My biggest question is how Trump is going to manipulate the markets to win an election. Will this Autumn see a major correction.....so that there can be a major bounce leading to October 2020? Its not in the interests of Trump for the market to peak too soon....it needs to go on rising at least a month or two until after the election. But the market is showing signs of severe fatigue. What does everyone else think?

£5.22 and still no buying from the Directors!!! When will they creep back? My predicition is at around £3.50
But another lure / motive might be a possible takeover......yes!!! That will surely draw the snouts back to the trough!

I fear the Chief Executive's comments in his interim report smacks of Uriah Heap! He is "ever so humble" about the failure of the company and is so willing to cooperate with the authorities. Perhaps his sincerity could be bettered measured by him and his fellow directors taking a pay cut and restore the dividend. Surely they have milked this cow enough having flogged all their shares before the sh*t hit the fan! Oh well, I guess things will turn around if more people die......and when we get a stock market crash and poverty increases that probably may well happen.

My prediction back in May was that these shares are not worth buying until they reach £4.50 which I believe possible within the next two years. And todays interim results reveal for all to see why the Directors have not been buying the shares. Sadly, if we have a major stock market correction, these shares could go to £3.50......in which case I will probably be a buyer! But I would hope that the dividend would be restored y then.

I would not be at all surprised to see these shares at £4.50 before they begin to recover. That is my prediction over the next two years.

Only some heafty Director's buys would make me revise that opinion.But I should imagie they are too busy flying around the world 1st Class, diving Porches and luxuriating in the sun to give two hoots about the company right now.

Why the 18.25% spread? What's going on with this share?

I'd love to see these shares drop to £4.50.....and maybe I'd scoop a few up. I can certainly see them returning to £6.00 in the next 12 months. As I have said many times before....if they are such good value......why aren't the Directors interested? They've creamed off a lot of profit......surely they must be worth one third of what they flogged them for.....or maybe not!

…..and doesn't CNA own some valuable gas fields?

I cannot see the logic of this. If Conn and the other Directors are paid huge bonuses in shares, surely it is in their best interests to drive the shares higher, not lower. If they are buying substantially large numbers of shares, surely this is a good sign and a vote of confidence in the future of the company. I cannot understand why the shares seem to be so much out of fashion at the moment, as usually utilities are defensive and the dividend ought to support the share price. I cannot see profits not being sustained for some considerable time. And doesn't CNA

No of course not! The Fed are propping up the American markets generally and the positive effect this has on the Dow lifts shares all over the world. I think now is the time to start buying some gold. Central banks are doing it...….even though they discourage US from buying it.In the last 20 years everything I invested in gold has increased 5 times...….that's better than my property that has increased 170%

Normally prices fall in February...….but these markets are being kept artificially high with buying by the FED.

It could go on till past April.......which is great if you are brave enough to take a punt.

But they could pull the plug at any time. I.......along with the directors am staying out of this market!

I am not being sucked into share buying at this treacherous time of year. February is normally a dreadful time of year to hold shares! But that month may provide a better buying opportunity.....I'm keeping my powder dry for a while!!!

Thank you for this useful information. I agree that ultimately this business will survive and is a defensive play. However, I still assert that this share has further to fall. I do not look just at the company itself, but the whole picture. And I see stock market trouble further ahead this year......and that will bring down the whole market. (Obviously at the moment the market is being kept artificially high with QE and stock buy backs and this may continue until after April) The fact that Aurora are stocking up with this share is significant, but they have lots of other people's money to play with and they have to put their doe somewhere. They will be in for the long term and things will hopefully turn around in time. But personally, I will not be drawn into a bear trap. I will not feel tempted to get into this stock until I see the Director's buying back in significant amounts.