Member Info for chinch

Div is ok at the moment but that was guaranteed I think for this year. Don’t expect the lovely percentage yield to continue though so be warned.

IMO Brexit is the big killer here. Nobody wants to spend any money in uncertain times.

What worries me personally is the level of debt - surely this will have to be addressed at some stage. Did think it was a bit strange the dame said we have a strong balance sheet - hope she looks again....

Someone seems to be dumping a load this morning

Near the top of the trading range - let's see if it can break through £1.40 or settle back to £1.20

I’ve always said this until September when half year results are out or until we buy something else....

Think I also SQZ held in a fund with Henderson but not sure what the fund was called. Nice to see interest and faith in SQZ going forward

Having another go but just can't seem to go over £1.42

Needs to break resistance at £1.42 for the next leg of the journey

Said before without any news this will keep drifting lower. As for a takeover/merger it could be possible but I bet we buy something before we get taken out.

The only change of course to the SP would be an acquisition, merger etc. Now that could see the SP shoot up into space and you would have to be in it to win it. Mitch keeps saying we are open for business, well let's see where that goes as there must be a lot of chances at the moment to acquire new assets or are they going to wait for $200m/$300 in the bank?

So the SP drifts as predicted. Time to put this to bed and come back in September

Looks like we could have a blue day - haven't seen many of them recently!

Patience required for an acquisition hopefully

Only profit when you sell

Feel everyone’s pain here and just to reiterate I’ve been here since 30p and still holding. There must come a time to realise profits at some stage and am not blind to this fact. The way the SP has been walked down is simply not fair to us PIs and more concerning is that it doesn’t give the institutions reason to invest.

If anyone out there could give a decent explanation for the drop then I want to hear it. Where is the bottom - who knows. Perhaps there is something going on but we will be the last to know. Sp walked down for a bid - speculation but could be true.

What I always try and do is invest in growing profitable companies with no debt like Serica. As a LTH that should pay off in months and years to come. Short term pain, long term gain.....

So I suppose without any kind of deal this will now drift perhaps until Sept when half years results are known. How can you trade on no news even when gas and oil prices are up seems bizarre

Th

Interesting comments on Namibia and Ireland - still keeping the options open. Appointing Jefferies as broker looks also to be a good move - interesting where they will open up their advice on this one at. Well done all GL

On SQZ website

I just don’t want any nasty surprises like opex is still $18, shutdowns, workovers etc. Not saying there will be but one piece of bad news will take away all the good news.

In my view the markets tend to look forward as this will confirm the case for investing. Yes there will be headlines such as record profits, revenue etc. But with such a low P/E ratio surely this will be a good reason to invest in a growing Company?

Yep no problem Mani. Let's wait and see what happens next week

Not sure Mani - would think that results will push this much higher or Rhum 3 which will be as good as an acquisition.