The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It's one thing to be invested in something for 14 years and watch hundreds of trolls do their dirty work day in day out that whole time , but for a supposed genuine investor to go turncoat at this late stage is quite dissapointing.
Is this the most boring takeover or what ?
"What are we really expecting tomorrow? Someone has come in with a 10p-12p bid and the share price will climb 25%-50% in one day?"
That's how takeovers generally pan out isnt it ? unless multiple bidders .
I was bullish on this share and held over the last 4 years with first buy at 0.75p and adding down to .20p as news flowed . Looks like I Got it wrong. Sold some in recent weeks for probably a 50% loss and down about 65% on what I retain. Prospects looked good in presentations but Cameroon delay inexplicable at face value in current high oil proce environment. Best bet now is just to be taken over imo. Will look in from time to time. At least I'll be familiar with TRP if some thing extraordinary develops.
Seismic supposedly due soon for Vietnam exploration licenses, could throw up some big prospective Oip numbers and catch the mkt out .
SQZ might be reluctant to use up so much cash buying Hur though.
Modest share purchases. The CFO purchase is hardly inspiring at these prices. better than nothing but a 1 or 2 extra zeros would be better
Energulf Resources held this block 10 yrs ago. There are conflicting reports online as to whether the Kunene 1 well was a discovery or not. It was designated tighthole status. Oil was present apparently if one believes the Historic web articles but not in commercial quantities in this well. The Russian company who were operator , tested for gas in 1 zone .
Never mind , believe what you want
I've no reason to manipulate anything. I have plenty of experience of being shafted on uk shares to date. I'm trying to find a reason for the drop in the last few weeks at an inflection point when the shares should be performing better. I can deal with buying a bit high at 11p but 5.5p is taking the p. Check my post history.
*priced
"Sorry, that’s not going to happen"
They might as well raise at this pathetic price if they can . No agenda. I'm 50% down (on an admittedly small shareholding. ) Used to hold these in 2015. Following since IPO. Wtf going on here. 2 fields given up on and Lancaster production having no effect on SP. Halifax proced at nothing . Same surface area as Clair field. Pull the other one.
They might go for something like a 50 million raise to add to expected surplus cash to really strengthen their options ? Get it all out of the way kinda of a thing ?
Im 50% down on what looked like a fairly safe buy a few months ago
Maybe a fundraising rights issue coming and someone got wind of it. And maybe a 1 for 10 Consolidation coming too. 1.9 billion shares at moment
*Market seems to be pricing in the removal of cash from balance sheet due to the last Bond payment without pricing in the tax losses, any value for Halifax or for existing taper off production.
I guess I got my entry point wrong at 11p. Market seems to be pricing in the removal of the last Bond payment without pricing in the tax losses, any value for Halifax or for existing taper off production. Priced not far above End July/ August cash levels. Someone mentioned 6p a few weeks ago & looks like they called it right.