Member Info for Bamps21

No way would I invest in another oil share, it's not the right time and the arctic not the right place.
It's either gold (GGP) or hydrogen shares ITM, PHE,PPS they all have a bright future.
I have only made a decent profit from oil once in the last 30 years when Ukog paid for my loft conversion
In the next 5 years hydrogen production will be increasing rapidly and new technologies associated with it.
I've made more profit from ITM than I have ever made with Cerp but I am expecting the SWP to make a profit but it's getting to the wrong time of life for me.
The lack of any worthwhile news is worrying me whether its good or bad, I don't like being kept in the dark. The last presentation was just a rehash, the figures were way out of date. The only thing that it told us was what it didn't say that Clove had disappeared.
I hope everyone stays well during this health scare.

Hi troubles
I always read your stuff
Keep well :))

Hi troubles
That was a long read. Just shows even the scientists don't really know what to do. But it looks like this virus is more aggressive than the SARS outbreak because that one while mutating lost a gene and became weaker. The hope is covid 19 becomes weaker by mutation which is not happening at the moment.

Hi troubles
Last weekends programme Click on BBC was very interesting regarding the tech used to follow the virus. One item showed how the virus has mutated already in different parts of the world. The longer it carries on the virus becomes less effective and washing your often and thoroughly slows the spread.
It was interesting on not a nice subject

Hi Nige
I know what you're saying about builders shouldn't be effected by the oil crisis and viruses but they are. These days the indexes are controlled by algorithms, the share prices are not manual anymore.
The S&P 500 has a fear gauge/index and at the moment is on 62 the same level as in 2009.
Bond yields are falling due to the turmoil, banks have stopped lending to each other and cutting back the amount they lend.
All comes down to uncertainty at the moment and if you are uncertain about your job or finances then buying a house would be the last thing on your mind.
ATB:))

Hi Ben
I just read that chaps plight, very sad story.
It's one reason I spread my risks very thinly, and never borrow to buy
I've read recently that 65-85% of CFD traders lose money
Keep smiling

Normally on these drastic days I put my head in a bucket :)) bought Itm this morning and just sold nearly 10p up, can't believe it gob smacked :))

The bopd figures were always going to be lower even without this crisis.
The 4 main wells at Innis have all been worked over to prepare for the CO2 injection.
I've no idea how much they were producing before but that would have stopped 5 months ago.
According to Prd they were due to start producing 350bopd about now. I hope they don't decide to start selling it at these prices, best to hold on and wait till prices recover. $20 revenue per barrel less $10 costs to Prd would only give $5 each or $1750 per day.
Will it continue after crisis I'm not sure on that one

I can see all emphasis put on Bonasse if there is one.
What's the point of oil flowing from the ipsc licences when the state takes to much, turn them off if possible and wait for an upturn
The Board should come out and tell us what the plan is.
I'm sure Leo or Gordon said they could cope with the oil price down to $30 but I might be wrong with that one.

The loss of the quarterly updates was a big blow for me, I blame Ross for that, it gave them the perfect opportunity to scrap them.
The updates we get now in an RNS lack substance, you can see the difference between Cerp RNS and Prd on the same subject.
Small shareholders are always the last to know anything and the first to get clobbered in dilution.
A global downturn is one thing but keeping shareholders in the dark is as bad in my view, don't know how much longer I shall stick this out. 11 years :((((((

Hi Ben
I thought that only UK shares traded as a CFD were not liable to stamp duty.
Never fancied Glencore, l do go in and out of Rio shares and I like JLP getting closer to first divi
ATB:))

Hi Obadhia
I wonder what their contingency plans are for this downturn.
4 buckets of sand comes to mind

Think the Cerp board have caught the cynic-2020 virus, only known cure is complete isolation from shareholders till 2021 :((

Hi Ben, Nige
I have a different approach to shares to many posters on here.
My investments are split 50/50 into growth and divi stocks. In a normal market the growth side averages out slightly less than the divi side, in a downward market depending on what stocks are held at the time growth stocks always fair better.
Aim stocks carry no stamp duty, so the divi stocks are always disadvantaged.
At the moment I would say I've lost more with divi stocks in the last few years, to name a few Carillion, Debenhams, Marstons, BP, HSBC, Gallifords, so the big stocks aren't immune to losses. My best stock in that half Croda 1.60 to £52 :))
I do a tremendous amount of research in companies I like but oil companies are always difficult to make money with something always jumps up and bites you so don't follow me there.
I believe that GGP is something else entirely different to other Aim shares and first bought in at 0.6p. My wife has just decided to buy some at 4.6 and she doesn't like Aim shares.
My early belief in the hydrogen technology got me in to ITM what a mega share for me 20p to £1.70 in weeks sold half bought back the day after 86 sold at 1.35, all within days now 116 extremely happy loads of future there.
Aim is not for everyone but it is working for me in this difficult market.
ATB:))

Hi troubles
Very witty :))

Hi wherethefoxhat
There's a lot of info in that write up and just a few points from me.
I've had an extremely bad experience of air source heat pumps where a new neighbour had one installed on his adjoining garage roof. It shook our house violently. It was installed by a Bosch approved company but I found out it was not installed to the microgeneration scheme which they have to adhere to.
Bosch told Robin Walker Mp that it was a self certifying scheme which is not correct. Well we had to move.
Judging by the way new houses are crammed in these units will not go down well.
The size of new houses restrict the use of tanks and other devices required for these pumps.
On a new site the obvious item would be drill a deep bore hole and install one central ground source pump to feed all the houses. Boilers would only be required to top the heat up to 70 from 45.
All boilers on new sites have to be hydrogen compliant by 2025
ATB:))

Hi Johnson
There's a lot of postings on this subject on the Itm board, some of it not right.
My ideas go new sites would be very radical - a series of deep holes drilled into the ground for large ground source heat pumps, the water would be pumped back to a central point and fed to the new houses.
This central point could have a wind turbine but most of the power would come from solar installed on all the roofs and keep the pumps going
Boilers would still be needed but only to top up the heat to 70C from 45C
ATB:))

Hi Ben
If you get board with your champagne breakfast :)) I did a long post on Cerp board and reposted over the weekend about the Caribbean mainly Suriname
ATB:))

Hi Johnson
There are a few devices around
Air to air heats the water in a system to 45 degrees but I had a bad experience wither next door neighbours he sited it wrong and it vibrated our house to bits we had to move. It was like living next door to a chip shop :((
Bosch do radiators that fit on roofs warming the water up by solar
ATB:))

Hi Ben
Caribbean. Think I should have been a bricklayer:)) oh me back :((
Lovely sunny day in Malvern and warm