Member Info for Carlosd

Sub £100 a share looks likely on the back of more negative news, the share price high was over inflated after a long period of undervalue, the current share price in some opinions is its correct level, long term holders are still sitting comfortably, those who jumped in at the year high have a few bruises.

Sub £100 might be considered cheap, if it reaches under that & breaches the tax years then it’s maybe worth an ISA top up.

If a simpleton such as myself can find market analysis, opinion & forecast then it can’t be that difficult to be honest.

Seems the bottom is still to come, market analysts seem to be of the opinion that this is still not undervalued so sub £100 a share seems a real possibility. Short term rated as a weak / cautious buy in small numbers, medium term doesn’t read much better with the long term being touted towards a recovery. You’d have to be brave getting in here right now, batten down the hatch & hope comes to mind.

Some deep remorse at not unloading this when it was in the £270+ area, it had been pumped up by the special dividend (Paid for with borrowed funds) and the reports from the chairman that this years dividend of £2.80 would be sustainable for the foreseeable future, which all contributed to the somewhat generous overvaluation. The loss of two orders didn’t help or DTJ raining ordinance on Iran but it still doesn’t hide the fact it was overvalued. The question now is where is the bottom, some market analysts suggest it’s in the £120 to £140 range, I agree with the sentiment that the highs seen just a few weeks ago will be a long time in returning, probably not ever reaching those levels again, but never say never.

It’s interesting given the positives being muted about this stock that it continues to fall backwards! Some interesting thoughts & contributions on the boards, I wonder if the only way this stops falling is a positive update regarding developments & progress! You also wonder at the present regression rate where the bottom might be?

A few trades today, the biggest numbers being unknown, the SP falling backwards still & heading towards the 4’s it would appear. I guess we will know when it hits the bottom when the buys out run the sells?

Seems after a flirt with the 7’s it’s heading back towards the 4’s which is disappointing, looks like it’s being played downwards for those who think they might have missed the boat? Buys being registered as sells as commented on in the boards might support the SP being pressed downwards?

I’ve been trapped in this lemon for a few years now, hoping to perhaps one day get some of the investment back, but with oil and gas prices at very high levels this plum is still a loser.

Thank you very much for your help.

I held shares in Solo Oil but I have been out of circulation for sometime and have now discovered a name change to scirocco energy, I know it’s somewhat naive of me but what happened to the shares I held in Solo? I am guessing it’s a write off but would appreciate some help in this matter.

His Dana project is what drew me towards this endeavour, it was very successful so I backed the man rather than the potential of this project. The ups & downs could have provided a small claw back but it’s likely I will use it as a profit offset when the time is right. I watch it daily, more in hope than expectation. At its current level it perhaps offers a modest opportunity, but not for me. You win some & you lose some as I said, if they all won I wouldn’t be here.

Been with this one a long time, waiting for it to achieve any sort of real potential is like spotting a dodo. In here before the dilution so this has to make it to £1.90 just to see the investment back, you win some & you lose some, this is definitely a loser on those numbers!

This has proven to be a turbulent ride, Consolidation has me locked in unless I wish to take an uncomfortable kick below the waist line. Just gas and a small amount is going to do nothing for the sp anytime soon so looks like it’s take the pain or sit tight and hope for the rabbit from the hat.