The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Things are hotting up. I'm not a fan of Crudrilla, but they have balls and hopefully learnt how to keep the public happy. Just before I sign off, I got this gut feeling about Egdon - never made a lot from shares, a few k here and there ut I'm seriously considering a larger investment - hoepfully take profits on some short term, and then able to hold out for the longer term and massive profits. Having said that, I'm with itv and can afford to wait. Atb. http://www.theguardian.com/environment/2014/may/29/cuadrilla-fracking-permission-lancashire-shale-rock
Looks good but be aware IMHO, may go down again the very nr future but by hardly anything as new news, good news props shares at certain prices. Next week the trespassing speech and then, correct me if I'm wrong, a few announcements expected from Egdon resources people - therefore, for the next few weeks I see the shares above 30p, then testing 40p, then 6/8 weeks, possibly others looking to by EDR. Tempted to take a small profit but only put in a few thousands the other day and certainly longer term you cant lose and IMHO and brokers agree, soon the EDR will be taken over as the government is eager to get going with fracking. Importantly, EDR's licences are in places where I do not expect too much strong opposition. DYOR, Atb PS - About tomorrow, poss a penny down but most likely a couple of p up and hopefully 30p tomorrow in anticipation of the couple of weeks ahead.
By next week and after the shares announcement, inc this good news and possibly press comments, I can see the shares go to 40p by end of next week, come off a bit and then go up and steady around 40p based on recent price movements and news, opinion feeds. Longer term, a good bet but shortr term volatile but with every bit of good news, shares find a new strong base level IMO. Atb
It cant be true. From the prospectus: "Expected time and date of announcement of results of the Placing 7.00 a.m. on 4 June and Open Offer." I expect a big interest tomorrow but a bigger one next week and all of next month. Potential to make a mass of short term money and a lot more re mid to longer term. Companies start from somewhere and this one started small and is growing and the larger companies will want part of the action especially as the UK gov is in favour.
Just noted that CF target was first made 10 days ago at 54p and reiterated so soon, why?
Yes, hot on the heals of VAS brokers of 60p yesterday, today Cantor Fitzgerald retain a health target of 54p. Tempted to add but not sure, will have decided by late pm
Seen the caht here re ShareP forums and the confusion with VSA Brokers target put out yesterday of 60p and very, very positives. The reason I moved in big style yesterday and twice at that was that I had been considering to move in for a few weeks and did not have the funds in place a few weeks ago when the shares went from very low 20p's to over 30p. IMO the company is ripe for a take-over and when VSA said this, I thought go for it. Then I decided half an hour later to buy some more. Next week with the Queens Speech re trespass laws and the government fully behind fracking, looking like a winner. They have fracked in the USA for years and in certain areas of the country they welcome it with open arms and in the built up areas not so but fracking has brought riches to companies, shareholders, locals via jobs and cash. My understanding is that in the UK we have better regulation re fracking and more advanced systems to frack. Big boys are joing established frackers and as VSA says, I too have been of the judgement that EDR is ready for a takeover within the next 1/3 months. If you know any different, let me know. Do your own research and good luck - btw, may top up on any weakens in nr furutre
We have all started somewhere. I'm feeling very bullish at the very strong possibility of this company being taken over and/or very good news re wells very soon after the recent massive dip. These share can more than double overnight with the right news. Having said that, this is not one of my largest holdings, ie only bought a few thousand pounds worth. A few days ago, went in big style ie many thousands into itv as I see that as a real bid candidate after years of bid talks as the playing fields have altered since. Good luck mate and it never hurts to take a bit of profit IMO.
So se hy my link was remove, ie not working. Good luck Kahmir. I had ben looking at EDR n Igas for a few weeks and felt that EDR wa a poss bid target, but held back until the BUY noe and comments from ASV re ERD poss a target fo takeover. The sector will certainly consolidate and bigger fish may take up EDR an Igas. I boguht in 2 lots today
Hello. I'm new here and not sure why link was removed. A new broker put a buy note on Egdon Resources, citing the co had bid potential because of recent interest in shale gas and EDR recent purchase and they put a buy note of 60p on it - think brokers are VAS -
If you are to beleive this news item reported a couple of hours ago. Egdon Resources a take over target. I bought twice today http://www.proactiveinvestors.co.uk/companies/news/68913/uk-shale-deals-make-egdon-resources-a-takeover-target-says-vsa-capital-68913.html