worth reading about this good solid company... http://www.proactiveinvestors.co.uk/articles/article.asp?LEAD
although there may be a DCB, or slight recovery in the sp, surely there are far better stocks to put your money on, the news flow from this co doesn't make pleasant reading. Good luck to you guys, but this is certainly a stock that i would avoid...
cant see any light at the end of the tunnel, more and more borrowing needed, like i said, 0p looking a distinct possibility...
seem to have seen this before, why anyone would want to risk money on this co is beyond me, there are far better investments around. I dont believe the 1.75m was a buy either.
easy answer... 0p
do you honestly think the government would bail this co out, cos i dont...this ship is sinking...
All rosy in the garden again... I am waiting on US jobs data tomorrow, to give an indication of where the market should be heading, i dont believe all the nasty surprises have gone away... not yet anyhow...
the current level is a good support level, which was previously resistance on the way up, however in the absence of a good recovery in sp, i would worry that any further falls on the general markets may cause SOLA to drop further, 400 being the obvious...
gas giant Repsol who are also responsible for operating the giant Loma La Lata gas field covering 768 square miles of Argentina and accounting for 30 % of that country’s total gas production. Repsol has been struggling with pressure problems at Loma since 2001 and, if this is where Corac’s downhole compressor is to make its international stage debut and is successful, then production should soar and many of the 200 wells covering the field could be shut down saving operating costs. Remember, even a 10 % hike in output at Loma is equivalent to a 3 % hike in total Argentinian gas production. The numbers are mindblowing when one considers that these compression units only cost about £ 1 million each. It may be petty cash to Repsol but it will be jackpot time for Corac. At any one time an estimated 100,000 gas wells around the World are suitable for downhole compression and the company only has to get 1 % of this or 1,000 units p.a. to be a billion pound turnover concern with a similar market value. It will clearly take 2 or 3 years to ratchet up to even this level of production and to train hundreds of field engineers how to install and operate the equipment but patience appears to be a prerequisite of the genuine Corac enthusiast. At the end of the day, the Downhole Gas Compressor represents a remarkable triumph of British engineering which, provided there is no last minute showstopper, should repay investors in spades. Some sausage, some sizzle !!
So, anyone buying now is paying 1p more for the fact that Corac has already got 2 worldwide licensing deals for individual versions of its core industrial compressor technology which both improves efficiency and cut costs. More are rumoured to be in the pipeline and this side of the business alone should underpin the company’s current value of £ 32 million and they haven’t even tackled the multi-billion pound refrigeration market yet. However, it is Corac’s Downhole Gas Compressors that are really catching the imagination of the company’s small but growing band of savvy enthusiasts. This is a string of sausage-shaped compressors that are narrow enough and robust enough to be inserted a mile or two down gas wells with a calibre of just 7 “ in order to suck out gas from reservoirs suffering from poor or depleted natural pressure. This ability has always been the Holy Grail of the natural gas industry and Corac is now within sight of achieving it. Final testing at the old Bluestreak rocket test site in Cumbria appears to have been successful enough for the company to advertise for a project engineer to oversee one of the first real-life field trials involving travel to Spain and Argentina. This clever bit of detective work by a company follower on one of the bulletin boards has been elaborated upon by someone pointing out that one of Corac’s major joint- venture partners in the DGC mission is Spanish oil and gas giant Repsol who are
Corac had surged to a new high for the year. It wasn’t until a year later when the company’s Downhole Gas Compressors started to turbo-charge gas production in a number of fields by 30 – 40 % that I noticed the shareprice had soared to £2. I thought that the price would react and I could get back in again a bit lower down but the next thing that happened was that they surged to £ 3 and are now of course up to £5. In fact my broker tells me they could double again to £10 when the company hits its initial target of 1,000 installations. Better have another large one please Bert. “ This little fable may be fictitious enough but it is designed to make a very serious point. As we have repeated on so many occasions, this is a share that could multiply by up to 30 times from its current level of 42p. What is certainly not fictitious is that Corac is so far on course to deliver everything we said it would since we first highlighted the company way back in April 2005 when the shares were – 41p ! Small wonder that Bote – Biggtime got bored and moved on to something else. Yes, that’s right. After nearly 2 years of remarkable progress by the company, the shares have advanced by precisely 1 p!
CRA so the story goes... 01.03.2007 - Is Argentina crying out for Corac ? It is March 2009 and regulars down at the Dog and Duck are being bored to death by Mister Bote -Biggtime pointing out yet again that, if he hadn’t sold his 10,000 shares in Corac back in 2006 for 32 p, his holding would now be worth £ 50,000 and it would have been drinks all round. “ All through 2005 and 2006, I kept reading these articles about this obscure company with its revolutionary new compressor technology and eventually I bought a few thousand with the intention of adding to my holding as certain milestones were reached “ Bote- Biggtime related for the umpteenth time. “ Then, early in 2007 a friend at the golf club told me I had to fill my boots with Flying Pig Uranium and, as I didn’t have any spare cash at the time and they were still going nowhere, I switched from Corac at 34p into FPU thinking that I could always get back in again if and when they finally started to move.” One of the well – rehearsed listeners then anticipated the next line - “ And the rest, of course, is history. “ “ Yes, I’m afraid so. “ BB droned on “ The next thing that happened was the Chinese market suddenly fell out of bed and I was so pre-occupied with the collapse of FPU and the rest of my portfolio that I didn’t even notice that, while 99.9 % of the market was in full retreat, Corac had surged to a new high for t
where will it go next...?
normal service is resumed...?!
Another one headed in the right direction, seemingly unnerved by the current market blip, i think get 50p out of the way and it will be onwards and upwards for this one...
no way, hmmm well you never know what tomorrow may bring... its a funny ole game... good luck mate...
timescales and certainties are unknown, thats the beauty of the stock market, it could be pushing 6500 in a month TAN could be 120p, CRA could be 60p etc, the Iran crisis could be resolved by politics and if someone didnt buy because i had written something that was considered as scaremongering, then that would be wrong... you make your own choices in this world, i am still heavily in the market, although confess to selling a few lately to (at least) become part liquid...
Unfortunately, if there is talk of bombing Irans nuclear sites by the Americans (or more likely the Israili's backed by U.S.) it will be no comfort that the oil price will increase, the markets will start a rapid decline, although it doesn't change fundamentals of a company, it wont matter... remember prices pre Iraq war...? If oil goes through the roof, it leads to a rise in inflationary pressures... will it happen? hearing Irans stance that they will not halt their proceedings to let weapons inspectors do their job, do you honestly think this stand off will just go away...? No i think Mr. Bush and his lapdog will take the only action they know... bombs away...
purely from a common sense point of view, this one is definately a performer, up nearly 9% today and hardly dropped yesterday... more to come, i have read articles on target of 55/60p short term...
Its a bit wierd but i am experiancing some blue writing on my screen, havent figured it out yet... help...