The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Barc shares offered in poundland soon, darn it after I bought more in the 130 ies . I'll have to buy more at some stage to even things up, not the best plan I know. The interest rate cut did more damage on top of virus fears.
A good chance of increased production within a few months with well 19 drilling under way.
Central Asian now 10%. Things happening, but not on this market. I am concerned that Jupiter could get de-listed from the London stock exchange. Meanwhile sitting tight and still hoping for a windfall,
ASX price quickly recovered today and RNS of some serious shuffling of major shareholders' holdings. Arrow Business Ltd buy in 19.8%, Soyuzneftgas Capital sell, Central Asian Oil Holdings buy 6.84%. I can't seem to reconcile with the top 20 shareholder list though. What happens next?
yes, it seems, am still invested here. 4c drop today on ASX (share there is JPR) 124k volume sale. It's been steady for some time at somewhat less than my buy in price!
I was wondering the effects on the company after the recent Kazakh currency devaluation of around 20%. Labour and services ought to be cheaper? Any other advantages/disadvantages?
Guess you'll be checking MARL first thing, I will! This one will have it's day too.
Bonker, The oil is sold to a local refinery and shipped by rail, so a local deal. More buys than sells lately, don't know cause of price drop today apart from lack of interest. Recovery tomorrow?
It takes little to move the price. All trades today within a couple of minutes of each other. I re-read the company website info, and am still entusiastic. US and European oil majors established in the country and Russia and China as neighbours to take any larger quantities. Meanwhile, current trial output sold on the domestic market. Bobsson on iii gives a good synopsis.
Yes, cash is tight, shipment of oil by pipeline will improve things, I don't know how close wells are to existing pipelines or costs involved though. I thought hedgestar's takeover scenario was the way things could go.
Bought a modest amount today, as usual hoping it's all upwards from now on. There seems to be good prospects with proven reserves of $300m and increase in production likely soon. I'd be interested to hear Hedgestar's latest opinion.
Nomura Code target price 63p, as reported by Geoff Foster, Market Report, Daily Mail Saturday. Nomura say 'the change of chief executive does not signal problems or represent discontinuity.' Perhaps it may well mean a positive step.
I hope to see a re-scaling of the 3 month graph in the coming week! ;0)
Not much trading considering recent news and only a week or so until results. I've bought more!
Thanks for posting that, it looks good for a short term punt and a chance for us players of the longest of long games to see our investments recover.
I bought this share (and still hold) after reading Mike Walters' enthusiastic article in the Daily Mail in the early days. I did very well with some of his recommends, Tie Rack and Pan Andean Resources the two that stand out, and was hoping for this one to do as well and have held ever since. It's good to know that he still enthuses about Torotrak, lets hope that we see positive news soon, there seems to be enough buys lately anyway.
Nice to see our star on the ascendancy again, hope it is not a brief orbit like one month ago.
There's nothing new on Torotrak's site since 9/9/11 press release on flywheel hybrid. This SP has been contrary to ftse movements lately as seems to be the case today. iii has a lively following of this share, take a look there.