Member Info for callerone

Great results by gsk. this is a very undervalued share, should be around the 17 pound mark in my opinion.

Does anyone see gsk share price hitting 20 pound in next 5 years? I think the november gsk company day where they will be showing off all their future drugs will be a big day, as if that goes well i can see it having a good effect on share price.i can't help but feel that the current price is so undervalued.hopefully share price will go up in next month as everyone jumps on board for the final quarter divi plus special divi.

Members you are making a fair point.i can not get my head around the shares either at the moment.i think my best advice is just forget about shares for the time being and the next time we drive past a petrol station and see fuel back at 1.50 a litre then it would be time to check oil shares again and hopefully we should all be a good few quid up!!!!!!

members i thinks one of the main reasons other oil shares are jumping a bit more then ophir is probally because they are producing more oil, so any direct rise in oil price will obviously have better effect on the current share price of the likes of tullow and pmo and genel who produce between them on avergae 250,000 barrels a day.we have just got to get ophir share price back through the 100p mark again then hopefully it should then get going a bit.good to see ii's loading up at current price thats always a good sign.have a good weekend all

yes hotchkis and wiley are shrewd operators, they obviously see value at current share price.if you check their website out they state that they specifically buy into companys where they believe that the share price does not represent the true value of the company.their holding are over 11% now so thats great news that they see value here.

One positive is ophir are only producing at the moment aprox 15000 barrels of oil a day so at current price crash it will not hurt them as much as it will big producers who are producing 50000 upwards.most of ophirs assets are not on line yet so that is probally a good thing at present time

Yes the trouble with companys doing share buy backs is that they have to be executed at the right time or it could have the oposite effect.with these oil shares being shorted to high heaven at the minute it would pay to wait to see the rebound then if its a sharp one like the pmo one today the company doing a buy back could jump on the upward momentum.ophir have a lot of shares sitting in the company kitty brought in at a fair price from last buy back and these will come in very handy when oil finally recovers and they can be fed back in at good profit.hopefully members we have seen the end of ophir's share being bashed and we will get some upward trend

Members if you check the share trades there are as many buys as sells which has been the case for the last few days so how can a share drop 20 percent??? Makes you wonder if mm's are trying to get the shares on the cheap.no funds who own ophir shares are selling out large amounts as that would have to be reported via rns.i emailed ophir yesterday and they emailed back and said that nothing has changed since last weeks half year results.i asked them about possible share buy back to stabalize the share price if needed and they replyed that share buy back and further buy outs of other assets in the oil industry to benifit ophir share holders are always being considered.so that hardly sounds like a company in distress does it?

Members you really should get a life.as i stated yesterday i buy shares for the long term.you cry your eyes out because pmo dropped from 180 to 110 you then sold at that price. You then buy back in again yesterday and obviously got the hump because pmo have dropped again.this share price is just a number traded at the moment by people who are trying to cause fear.it does not matter one bit to me if this drops another 20p because i know as soon as oil goes up so will oil shares.remember you only lose on a share if you sell it or the company goes bust.i dont intend to sell, and ophir have money in the bank and are fully funded for the next 3 years as per half year report.you should read it.also as i have stated i would be more concerned if it was just ophir falling its every oil company falling

Nothings is set in stone yet regarding tanzania prt rates. A lot of countrys can charge anything upto 80 percent with 50 - 60 percent being the norm. These costs can usually be offset against exploration and appraisals expenses.what folk have got to remember is there is a hell of a lot of gas been discovered in tanzania and it will be the far east that will be the main market for lng in the future.if this was not a earner then no way would ophir. Bg. Pavillion. Exxon mobil be pressing ahead with infrastructure for future production.

members i can't understand what your about, you seem to be one of these people that has to be proven right all the time, yes oil shares are on a bear market and you keep coming out saying next stop for this share is 90p then 80p then 70p. then you tell everyone i told you so. i am sitting here with a 104 average so just because the price is down 10p you seem to be more worried then i am.10p is nothing a share can rise 10% a day as well as fall 10% a day. i buy shares for the long term.if you read my post the other week i did say that anyone trying to day trade oil shares needs to see a doctor.smart people back shares for the long term.anyone buying into 5 oil companys at todays price will make money even if you were unlucky to have two go bust.just because you brought your oil shares at high prices and lost money don't blame people who brought in at a cheaper price and are positive.just because i am a positive person it does not make someone a ramper

Well said but also remember ophir are partners with bg soon to become shell.we sold 20 percent of tanzania find to pavillion for 1.3 billion and farmed 60 percent out to bg who will have aprox 80 percent of the cost to bring tanzania gas to production.smart business by ophir.we also have guinea coming on line. Kerinden coming on line and we are producing from salamander asset.there is lots to be positive about

Memebers you are talking rubbish again if you check my past postings i said ophir were a good bet at when i brought in at 120 and i have since brought more and got my average to just over a pound.ophir are not in debt they have millions in the bank or are you saying that is not true members? My view has always been that anything under one pound twenty is good value for ophir.you seem to think its ophir's fault that the share price is dropping how can that be the case when they have no control of that.after the initial ipo the company and share price are seperate things, the shares are then traded between individuals who have different views on valuations.all ophir can do is run the business the best they can and that will be reflected in the share price.at the moment ALL oil company share prices have crashed and ALL oil companys have no control over this.this does not make all oil companys bad business's they were making fortunes when oil was 120 dollars.when oil eventually goes up and who knows when? These companys share prices will rise again.members you seem to blame every oil company saying they are badly run just because the price of oil which they have no control over goes down in price

members what you have got to remember is that just because you payed £5 for your ophir shares you can't always blame the company when they drop, oil is a commodity and all commodities can rise and fall.ophir set out as a exploration company and i do not think it can be denied they have done very well in their discoverys.now they are bringing those discoverys into production which is not a easy thing todo.ophir are doing this by selling some of their discoverys at a very good profit 1.2 billion and reinvesting that back into the business.ophir like every other oil company has been caught out in this sudden oil slump and the share price like all othe oil companys has dropped at a rapid rate.if it was just ophirs share price that dropped then you would have cause to panic. pmo dropped nearly 6% today so it was not just ophir that dropped.all oil company shares are probally being shorted to high heaven at the moment, this does not mean the fundamentals of the oil companys are wrong.what more can ophir do then present a solid half year report like they have done. as for managing my finances members i am sitting here with a £1.05 avergae for ophir,as i have the courage to take things on the chin when the going gets a little tough.

people should take time to click on the ophir website and read the half year report. it states ophir are fully funded for the next 3 years, gas sales coming online from kerinden asset next year, millions of revenue coming in now from our salamander asset, big part of salamander debt payed off,possible share buy back, cash in the bank.this is hardly the sign of a company in distress.as for tanzania government taking large chunks of the profit well that is the same for every company its nothing new only today john wood group were saying that goverments would have to look at the high tax costs they charge.a lot of these charge can be offset against other costs so its no massive problem.pavillion payed 1.2 billion for a 20% share of ophirs finds and they would not have done that if they were that concerned about tanzania tax rates.also the main positive of tanzania asset is we will be working in partnership with shell and we will be able to piggy back off all there assets and knowledge.if you read the half year report you will see that ophir are a well run company with share holders value always in their thoughts.as for members i am glad you will not be posting on here anymore you are always moaning and being negative you remind me of a chap i knew who was running down house builder bellway homes shares when they had a massive drop to 3 quid during the last recession now bellway are sitting at over £25 a share!!! enough said

Hi ammu123 yes we have taken some debt on with the salamander buy out but that debt amount is easily covered by current cash in hand.unlike pmo and tlw who have 2 billion of debt on their books.a bit of debt on the books is always needed as it can come in very handy to offset profits against.most oil companys taking a huge bashing again today not sure why as oil seem to have stabalized around 48 / 49 dollars.

Members you are the most negative person.the share price of ophir is just a number only a number. Just like the 33/1 horse winner i had a month ago at 33/1 it had no chance but still won so like share price its just a number.Ophir has the same amount of cash as its market cap so that would tell you our assets are valued at nothing, so that can not be right and tells you how much potential ophir has. Facts are ophir are cash rich. We have got a massive amount of gas.we will soon have shell as one of our partners in tanzania.it was only last week that ophir were talking of another share buy back.so stop worrying like the 33/1 horse never knew his starting price its the same with ophir just because share price goes down it does not mean the companys potential is too.

Good to see ophir rise back up today.not sure why shares dropped nearly 7 percent first thing as i read through half year report and was very impressed.the half year loss was only because we had the salamander asset to factor in and ophir have done a smooth job of that.i see ophir in a very strong position now heading forward and if we could hit at least one discovery out of the next two drills in second half of year then we will be in a even stronger position.

Ophir will come good. Ophir is not the only oil company down today in price.ophir's current share price is roughly the value of salamander asset so add on all our other assets and you can see we are way undervalued when you look at the debt pmo and tlw have on their books which is counted in billions then you will see how cash positive ophir are. It was not long ago ophir approached pmo regarding possible take over so ophir board must know what we are sitting on.there was even talk today in half year report of possible further share buy back which would be great news.oil is going through such a down turn at the moment day upon day upon day is just one negative oil story after the next.when the tide finally turns oil companys share prices should head north quick due to the massive kicking they have received everyday.so keep the faith ophir share holders we will have the last laugh

Yes ophir are in a good position, as i say this low oil pice at moment has no great effect on ophir as most of our assets are as yet not on line.as for companys with debt on balance sheet, thats not always a bad thing as most companys need some debt on balance sheets so as to off set other profits against it thus increasing profit.debt is not always a bad thing, there is good debt and bad debt.