The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
tip of the iceberg springs to mind. when you look at the exploration potential, and the near term cash generation, SRB looks a good punt. A lot of people are put off by the historical failure, but new backers are on board and new management, its not the same beast these days
Solid bounce here. When you look at the market cap here and the amount of cash smdr is spewing out it just doesn't make sense. Back over 2 quid soon. Net debt position greatly improved, as exploration slows a little I would expect further improvement Back over my 140p average next week hopefully, but I'm more than happy to sit on these
Results out next week, can't see how they won't be good The mako rig should have been back at the Bualuang field for some time now continuing development drilling. ALL wells earlier this year came in way ahead of forecast. The first T2 well delivered 3000bopd (double expectation), a second one will have been drilled by now. Oil price has been steady well over $100. We should be getting some OIP numbers from the recent discoveries. What's not to like
Gotta be looking for sub £1 now. Glad I smelled a rat.....no ops update for months, forecasts came and went
I feel a buying opportunity coming Been watching for some time, but the silence on operations was deafening
Cash balance still looking strong, still on schedule for year end, 26g/t satellite mine......what could possibly go wrong http://www.investegate.co.uk/serabi-gold-plc--srb-/one/serabi-gold-plc---interim-results-for-the-6-mon---/20130814070055H2767/
not sure about that but surely got to be a few quid to be made at this price. Take advantage of the gold price collapse. got some at 5.3p expecting a rise towards year end simply down to production starting up. Wont hang around to find out if they can make a profit out of this mine given its disastrous history.
End of the month, development wells ahead of expectation, strong oil price, I'm expecting some good news in the financials. Smdr always has impressive production volumes, I think the market has somewhat forgotten this with the disappointing well results. The recent discovery seems to have stopped the slump, I'm expecting a recovery soon.
Been smdr problem for some time, great production numbers and cash generation but a distinct lack of P1&2 oil reserves to support the big market cap. Hopefully a corner can be turned, been buying all the way down here.
This really is. Tanks on a duster, flat on a discovery. I wouldn't mind if the ftse was in free fall. I'm buying more when my next bonus arrives
retest of my nerve
ill keep my eye on this for now, no stops. Just a quick trade, took a calculated gamble on the gold slide stopping and the ftse topping out. trying not to read these boards too much, not good for the decision making ;-(
Will run for the door if it falls back to my break even. In the balance here I suspect
Fairly confident it will come back, dosent help when 2m shares have been sold into the market though, thought I spotted something a couple of weeks back. Never like seeing after hours big trades. http://www.investegate.co.uk/salamander-energyplc--smdr-/rns/holding-s--in-company/201305231700054838F/ How the hell they get away with not reporting it for a month though I'm not sure. If you want to see a bad buy I bought 1163 shares this morning at 9.17.....5 mins before the RNS. I rekon that's my worst timed but ever.
been saying that since i got burned on a load of tech100 shorts from 2800. no sense in it....stupid yanks losing me money
bubble? maybe....or just a gently market correction required.....and a move from stocks to gold
seems an over reaction to me http://www.investegate.co.uk/salamander-energyplc--smdr-/rns/bedug-1-gas-discovery/201305230922224194F/ ok so we drilled the gas cap at this point on the crest, but it proves the North Kutei basin is a significant hyrocarbon discovery, South Kecapi flowed oil. two wells suspended due to extreme pressure can only be a positive indication for the whole basin. I wil be adding when this settles, carefull of a general market pull back after the Japanese madness. lots more to come from SMDR this year