Member Info for Bonz1957

BG Group confirms light oil discovery in Brazil. Shares in BG Group (LON:BG) surged 3.5% this morning after the FTSE 100 oil and gas producer confirmed a new discovery of light oil in Block BM-S-9 in the Santos Basin, offshore Brazil. The discovery well 3-BRSA-861-SPS, informally known as Carioca North-East, is located about 275 kilometres off the coast of São Paulo state and nine kilometres north-east of the original Carioca discovery well. Initial analysis has confirmed a light oil accumulation in a 200-metre reservoir section. Drilling on Carioca North-East has been concluded and drill stem tests will be conducted in due course. BG Group has a 30% interest in Block BM-S-9 which is comprised of two appraisal areas - Guará and Carioca. Earlier this month, BG Group announced a tender for the charter of two further Floating Production, Storage and Offloading (FPSO) vessels to be used in the full field development of the discoveries on blocks BM-S-9 and BM-S-11, in which BG holds a 25% interest. Roughly a month ago, BG reported that the eleventh well on the BM-S-11 concession was successful, confirming the presence of a light oil accumulation. Earlier in December, BG announced a discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well encountered gas-bearing sands.

I also own both, as well as every other utility that Maggie sold off. The name on my bill definitely says British Gas, and recently had my boiler serviced by a man in a BG van lol!!! Centrica have to buy their gas from somewhere, and if even a small amount is from BG then my extra usage will help BG's profits!!!

Maybe some of the buys were from people closing short positions, and MM's will keep the ask slightly higher to catch out the unwary and those gambling on another bid!! Good news is you won't lose any money, the sp can't go down, unless the t/o fails, and you may even pick up a partial div - depending when the t/o becomes effective - to compensate for the dealing charges, the next one was due 27/8.

You obviously didn't read NetleyLucas' post below or you would have seen that NFDS have agreed to be taken over at a price of 73p per share. Only worth buying at this level if you think there is likely to be a higher offer.

Are you stalking me?? lol!! Or do we just have a lot of mutual interests?? IMHO this could be a nice little earner. Buy before the record date for the 92p div is announced, take the div back to invest elsewhere, and see your investment in the newer enlarged IPR/GDFSUEZ co being worth more than the original purchase price less the 92p. Not explained very well but am sure you get my drift, ie, buy at say 420p, get 92p back but soon see share trading around 350+p, giving a 7% rise on a base cost of 328p.

Wouldn't disagree with your figures, with a good set of results and the div re-instated think this has every chance of getting back to pre-ri levels, barring any major re-trace with the FTSE. Was doing quite well until BT started to give up its recent gains, but as all of my investments are very long term I've learned to live with the day to day falls and look at the bigger picture instead. As long as part of my portfolio is blue, and the general trend is positive, then I'm happy. See you're also on the BP board, nice to see that recovering so well, I've been there since the mid 70's, it was the first share I ever bought. If you're new to BP hope you got a good price post-spill. When the sp fell to 300p it really was a no-brainer deciding whether to buy at those levels. The doom and gloom merchants who were predicting the worst must now be hiding in very dark rooms afraid to show their face and regretting missing what has turned out to be the best buying opportunity of the year!!! ATB.

Sorry, Sorry, Sorry!! That'll teach me to post before reading the article thoroughly and engaging my brain. Of course the article refers to EARNINGS growth and not share growth, DOH!!! Still very good for the future sp and divs, but guess we're unlikely to see an sp of £26 anytime soon!!! OOOOPPSS!! ATB.

In an article from NASD100.com they rank the fastest growing companies over the next 3-5 years based on brokerage analysts' average estimate of future earnings growth over the long term. PSN comes 9th with estimated growth of 197.2%, with Redrow plc 4th with growth of 302.5%, and TW plc 2nd with 690.5% growth. The future looks good for the nations housebuilders. http://www.nasd100.com/2011/01/fastest-growing-uk-stocks-jan-19-2011.html

With todays sp of 184.2p, a 1403% rise would take us to 2584p!!! Twice the previous all-time high of 1290p. Guess i won't be selling now before 2015 lol!! Might even top up a little. Would only need to invest £71,275 to be worth £1 million by 2015. If only!! Of course if they are right and I don't invest I'll regret it forever, decisions, decisions. ATB.

Maybe we should look at the ethics of some of the mining and oil exploration companies you seem to favour. Pollution of the surrounding environment and water table by the indiscriminate dumping of waste products. The environmental damage to the local area. The exploitation of the local, often poor, workforce. The list goes on, and on, and on!! Stones and Glass Houses M8!!!!

Always take my divs as new shares and my share certificate for 88 shares arrived on my doormat last week so you are correct in thinking the div was paid Weds 19th Jan, to those on the register on Dec 3rd 2010. An article in the Times suggests a surge in profits of as much as 25 percent at the British Gas group Centrica looks set to prompt a Competition Commission investigation into the country's leading energy suppliers. So not all the news is positive, although it shouldn't have too much impact on NG!!

Said today it had experienced better trading conditions towards the end of the year, with full year results expected to be in line with market estimates. Does this mean it has performed as badly as the market expects!!!

Never thought I would be agreeing with one of the most murderous dictators in history but I can't fault your comment on NG lol!! 2011 could be a good year and see the sp back up to pre-ri levels by the end of the year.

Tottenham Hotspur plc announces the conversion of convertible redeemable preference shares into ordinary shares of 5 pence each. As a result of such conversion, the total number of Ordinary Shares in issue as at 20 January 2011 will increase to 213,858,987.

Only problem is he's got a bit of a limp now!!

The next div will be the 2010 Final due late May. Last year the 2009 Final div was paid on 28/5/10 to those on the register on the record date of 19/3/10, with the shares going ex-div around 17/03/10. As SL. seem to be creatures of habit it would be safe to assume that the div this year will be paid on 27/5, to those on the register as of 18/03. So as long as you hold until 18/03 you can sell soon after and still receive the div due 27/05. Hope this helps. ATB.

Stuff the ethics, just show me the £££££'s. Pretty ethics don't pay the bills!!

That would be very nice indeed. I'ld be happy with a rise up to 250p and an end to a sub 200p sp. But if it goes to 520p I won't be complaining. Still a very long way from it's high of £12.90 in Mar '00. ATB.

Shares of Laura Ashley Holdings rise 25 percent after the British fashion and homewares retailer says it expects full-year pretax profit to be significantly higher than earlier estimates on strong like-for-like performance over Christmas and early January. 'Despite a strong run in the shares (+50 percent since September), the stock is trading on just 10.5 times Jan-12 earnings, too cheap in our view given the clear momentum across the business,' Numis Securities analyst Andrew Wade says in a note. Numis raises its pretax profit estimates on the company for the year ending January 2011 by 14 percent to 18 million pounds, and reiterates its 'add' rating on the stock.

I don't think so. If you buy today you are buying the share ex-dividend. The previous holder will get the div, you are buying at a 60p'ish discount to make up for the fact you are not getting it. The record date is 21/1, if you bought and settled straight away you may appear on the register in time but think the previous owner would have a claim on the div. Afraid you cannot have your cake and eat it. If it was that easy we'ld all be doing it.