It is sad that many traditional family funeral businesses are being taken over and being put out of business by this company. All this "quality of service" and "Dignity" nonsense should be taken with a pinch of salt......all they want is money!
Having said this......the shares are bound to recover! Just like booze, gambling and cigarettes, death is a real little money spinner....and although they may need to be kept in check, they have a commanding position......and are bound to be a sound investment in the meduim to long term. But at the moment, they are out of favour. I am not buying in until they get to around the 6.50 level.
Yes I figured the same......but why is the price continuing to go down? And at these prices, why aren't the directors buying? Today the market rose.....but DTY still keeps falling. Not a good sign.....its a falling knife.
Actually I have had my eye on Phoenix for quite a while......they pay good dividends and are a solif share!
Auson, I agree and did try to discover who are buying and selling.....you very kindly did the work for me. DTY is undoubtedly a valuable company......and OUGHT to be a safe bet in hard times. Though I remember 8 or so years ago it was very boring share and stuck at £7 for quite a while with little or no dividend. of course it did come good in the end. I've no appetite to hold a share that does not move for years on end especially at a time when in the next few years income might be hard to come by. However, it is at least paying a dividend now.....and at around £6.50 it might be a good buy.
I see that you have an interest in PMO...….I have watched this share for years and have a holding in RKH. These shares could be dynamic......it will be interesting to see what Saudi does to influence the price of oil,
The shorters could devastate this share......and I'd have little sympathy!
In todays turbulent markets and with value beginning to appear everywhere, I can see this going down to at least £6.50 by mid February.
This company is such a tiddler, I should imagine that market makers have much bigger fish to fry than to waste time on it.
Yes RKH has enormous potential, but with a major stock market crash....probably world economic crisis immanent, I wonder why oil prices would rocket to make things decidedly worse. At the end of the day it is the price of oil that will determine the success of this share. But who knows? I heard the other day that the world is running short of easily obtained oil....the UK oil fields are at a very low ebb......and we need energy, going forward, for national security. Pricess are orchestrated behind closed doors....there are ways or manipulating the markets. And the oil market operates in cycles......obviously after a long run of low prices the oil industry has t regenerate its self.....but just how when everyone is broke I don't know. Certainly the world is over a barrel.....because it cannot do without energy at what ever price. Just a few thoughtsof mine......intellegent comments welcome.
I am pleased to see the progress Huntsworth has made over the years......and feel that it was unfortunate that I sold out before the jam appeared on top of the cream! However, I made a nice, if long awaited, profit, so I cannot complain.
My view now is that they have seen the peak for this year. I am also concerned about their increased emphasis on North America. Yes, so far it has proved to be very successful and the devaluation of the pound has also boosted profits in foreign earnings...….but what happens if the dollar starts to sink and the economy there goes pear shaped? I think I will stay out of this share for a while longer and see what happens.
I am going to increase my holding in RKH up to 500,000 It seems to me that the only way is up! I note that there are alternative views to the above article......and they are expressed at the end of the article. However, those of us who have been around a few years have seen it all before. The oil price runs in cycles...….it has to......so that profits can be made and new oil sources exploited. No one is interested in a lower oil price because the industry has to make money.....its blatantly obvious!! The industry has been through it's usual obligatory "dark night" now things are one the turn. So PLEASE no more doom and gloom from the defeatists on this site.....you are doing us all a disservice! Opportunities like this only come around once in a blue moon!
https://oilprice.com/Energy/Oil-Prices/The-Regulation-That-Could-Push-Oil-To-200.html
I read with interest your highly probable theory about shorting. But I have a question. How does one short a share like RKH? I know about puts and calls, but these only appear to be available on FTSE 100 shares, not minnows like RKH. This is an important question for me at the moment, because I am certain that we will have a major stock market correction within the next 12 months....and this time, I would like to actually gain some money when the markets fall! I wouldn't short RKH as it is clearly destined for major future gains. But I certainly think, as an insurance policy, that it could be wise to short the market as a whole......or maybe some property or tech shares sometime in the near future. Does anyone have any experience or expertise in this?
Personally, I do not find the buying and selling figures very helpful. Logically they ought to extremely helpful, but the market does not seem to do what one would expect them to do. Sometimes there are large sells and the price goes up...….other times there are massive buys and the shares go down. Also, the buying and selling information on this site can be misleading..…..reporting sells that were actually buys and visa versa. I think what is more revealing is the identidy of who is doing the buying and selling! Also market sentiment is important. It was obvious that for most of last year a bear raid had been orchestrated......which had driven the shares down to the ridiculous level of £1.25 Now it seems that the trend has changed....so what was ludicrously made possible in the last 12 months......could be now done in reverse! Lets all hope so!!!
The good news is that as Ralph really believes so strongly that the share is going back to 20p he will follow his convictions and sell! I think its about time he moved on to another share rather than hang around and depress us all with his negativity!
Actually I was in Desire petroleum when they were 1p a share! And I saw them touch to £1.50......I think there was soME consolidation on the way....it was a long time ago...…..but they rose simply because they started exploring...….nothing had been found and there was disappointment after disappointment. I still made a fat profit......because after a long time of inactivity suddenly they sprang to life......just like RKH is beginning to do. The bubble quickly burst though.....one has to be nimble with these penny shares.
I liked your post Emerald Carrots! I would not be surprised at ALL if Trump, the Saudis and the gang orchestrate a rise in oil prices! They all hate and fear Iran politically ad this is a perfect opportunity to put a squeeze on them and also line their pockets by arranging a return to high oil process.
Another point that gives me encouragement is dear old "Ralph" I am sorry that he bought in at over £1 and then held all the way down to 20p. But that's just life! Why he was so emotionally attached to RKH not to have a stop loss mystified me.....I got out a long time before the shares went down to £1. Its always difficult to sell......but I figured that the share price would go no where for at least five years! But I see things differently from Ralph.....cos I got back in at 25p and what gives me hope and encouragement is his extreme disappointment and negativity about this share! Once again he is allowing his emotions to dominate his thinking...and as usual, emotions give out precisely the wrong signal. With shares, when you have given u all hope of recovery, when you are ready to capitulate, that is the PRECISE time to start buying! Ralph will never admit it......but I suspect that he will sell his shares after a small gain...…..and sell TOO SOON...….missing the gigantic gains to come.
These shares have proven oil reserves, the facts have not changed. The very reason that he was prepared to pay £1 for the shares......and now they are near a quarter of that price...…..and he thinks the shares are "crap". I think he is deceiving himself!
CORRECTION: " I would NOT put my shirt on these shares"
Regarding RKH ….…..I am nicely in profit as I bought at 25p...…...but I am fairly confident that in 2 or 3 years time these shares will be five times their current price of 35p. I would put my shirt on these shares......but I consider them a fair punt! I also hold CNA...….and think that they are worth getting into.....for a good dividend and share price increase...….especially after a market correction. I think HNT might be worth getting back into.....but probably at around 60 -70p
All this day to day analysing is a complete waste of time! This is a share to tuck away and forget for 12 months. Everything depends on the sustained price of oil and eventual funding. it all takes time. We have to play a waiting game. But how ever long it takes [ probably only 1.5 to 3 years...…..this share will be FIVE TIMES its current price by that time. I am quite positive and confident about the outcome.
My only concerns short term are a major downturn in the markets.....that will drag everything down......and that will be a buying opportunity. Certainly, it is about time oil prices began to rise again......so I do not think we will have to wait too much longer!
Yes Gotrader, I pulled out too soon. and I could have bought two very nice new cars with the profit I could have made. But in the past, I have held on too long......with the same results. Now I am retired...….and with the market looking so toppy......I think I made a reasonable decision to take profits. At least I can sleep peacefully at nights. But one is plagued with 'could have' 'should have' thoughts.....I just have to drive them from my mind. I did say that I felt I might live to regret it. I should maybe have sold 2/3rds. We live and learn. But my feeling now is that opportunities to make money in this market are running thin. I think I shall wait for the next roll of the dice.
Brokers predicted �1.07 quite a while ago
Shares are infuriating. Had I held on I would have got a nice juicy dividend and a better sell price......I sold at 96p but only got 92.5p because it was the best price I could get for selling a large number of shares. I really thought I was ripped off...�.but what can you do? They may go even higher.....but there again the market might pop at any moment. I must be satisfied with the profit I made.