Member Info for Davius

My 35p target seems a bit wide of the mark today, the SP is increasing. Quite a string of purchases but only moderate volume. Wonder if those old MMs are a bit short of stock? I plan to steer clear for the time being, but I suppose it's possible they've finally bottomed out.

This share is so apt to fall on lack of news. Can see it heading back down to the low 60s again until we get some more info from the company. Each rise happens on the back of what turns out to be an unsubstantiated rumour.

I did put a buy up on the screen at 42.995p, but on refresh it went to 43.25p so I cancelled. Bad move in hindsight as I could have made a profit on the day trade. Still, would like to see it hanging on to the mid 40s and heading back to 50p+ before I think about investing again.

SP fall unabated, at this rate we could be testing the 36p lows of October. Shame really as it's a good company, winning contracts and appears to be well managed. Fortunate to sell at 56p but I'd say avoid for now whilst this shakeout continues.

That does look like good news for the company but the shares are taking a bit of a battering and slidling through the morning. I was last out in the mid 50s so these are looking like good value again, just not sure how low they'll go in the short term.

After the rise to 82p a few sells brought it back down, but on any sign of weakness more buying pulls the SP back up, having dropped to 73-77 we're now back at 77-80. Clearly someone is in the know on this share, it would be nice to see a healthy close and a firm opening tomorrow ahead of any news. I'm hoping it's not the 'we see no reason for the rise in SP' rubbish that is often released in these circumstances.

True, a good rise today, although it's come off the top a little. No RNS so this is presumably another rumour of either a joint venture or other announcement. Should have piled in big time at 61p but if this is another false rumour it might well be back down there soon. Here's hoping we finally have something substantial... Hold until the rumour becomes reality.

Considering buying back in at 35p or there abouts, at this rate probably next week...

It finished the day up, so no problems with FEP today. If it goes up 1p a day for the next month I'll be happy.

It just appears to be repeating previous announcements in poorly translated English. The 52.6% buy by ZED is due to be completed in February I believe, but why that should encourage buying in the short term is beyond me. The shares continue to drift on lack of support and are now well below the ZED offer of 50p. I'll avoid for now.

I added a few more shares at 61p yesterday. All sorts of talk of JVs and progress towards work on the gas field, plus the coal sales moving ahead. If it was clear just how many shares FEC wanted to sell (if indeed they plan to shift any more) then the recovery would be plain to see. 61p just has to be undervalued, but it could go lower if FEC need more cash, but I'm thinking they don't, yet. Odds on we're close to if not at, the bottom. Did you top up glue?

You not thinking of topping up at a slightly higher level then 59p then? From what I can ascertain the weakness in SP is partly driven by FEC selling around £400K of their shares to reduce their stake to 32% or so. Any kind of a JV will see these rocket, otherwise I expect a fairly slow recovery. It's increasing coal production this year so should see a reasonable level of cashflow. Lowest SP since floatation, despite the large gas find and coal production, am considering increasing my holding.

Quantica just bought around 10% of its shares (6.6m) today for cancellation at 29p. This reduces the number of shares in circulation to just under 60m. Usually when this happens you get a share price rise, but not today.

The report from September. If anyone is ramping these then it's the company themselves, you think this report says it's not commercially viable? Forum Energy (AIM: FEP), the AIM listed oil, gas, and coal exploration and production company focused on the Philippines, is pleased to announce that the interpretation of the 3D seismic programme at the Sampaguita gas discovery indicates a world class gas accumulation with potential reserves of up to 20 TCF ('Trillion Cubic Feet'). Forum has 100% of the equity in the licence in which the Sampaguita offshore gas discovery is situated. The block is located off the North West coast of Palawan Island in the Philippines. Results from the 3D seismic programme and its interpretation performed by independent consultants, Count Geophysics Limited, confirmed a minimum of 3.4 TCF proven gas in place from sands tested in the 3 wells drilled to-date and the extension of the structure to a possible closure of 290 sq. km giving an upside reserves in these sands alone of 10 TCF. Additional untested sands, which are known to contain gas, could double this figure. The block also contains 8 additional leads which require further work that has the potential to add a further 20 TCF in aggregate. Forum is in the process of converting the licence to a service contract and plans to drill an appraisal well as soon as possible.

clue. I have never been accused of ramping a share until now. You clearly have no concept, I've read the reports, so did everyone else that chased the shares on the find, to the 160s at the time. They need a joint venture to extract as they are a minnow, the find is just a few km from the Shell Malampaya field and is decidedly viable. If you think that questioning a share price fall is ramping, then accuse away.

63p would be a nice buy, particularly as they are now 66-68p. According to the intraday graph they touched 61.5p but I think that was just an attempt to discourage the sellers.

This share is now at 66p, just off the all time low of 65.5p in July this year. I clearly know absolutely nothing about the stock market, the company has a spectacular asset worth hundreds of millions, but at the current SP a market capitalisation of just £18.9m. I am completely baffled by the performance of this share, which touched the 160s during intraday trading shortly after the find. I'd post a strong buy but I don't want to mislead anyone.

Bummer, ditched a day too soon, another big rise this morning. Could have doubled my profit but there we go. Here's hoping GOO comes good in the short term...

Ditched at 440p for a 4.8% profit after costs (not bad for 1 week) and switched to GOO this morning at 8p.

Bit of a jump on the SP, now to 441-448p. Decent enough profit if you bought in at 410p or lower. Personally I prefer a share to rise slowly, with these jumps you can never tell when the profit takers will step in. Not quite sure I should be in this share as I still think it's overvalued, plenty of buying this morning dragging the price up though.