Member Info for Dibs61

"There would appear to be several recovery plays amongst private investors favoured small caps at the moment. One of the most popular is clearly Enegi Oil, with the added bonus at the moment being that we are still relatively close to the floor of the one-year range between 8p and 18p. In terms of the technical reasons to buy apart from the way that we are near former August 2012 support, the highlight here is the way that shares of Enegi delivered a bear trap below May intraday support at 8.5p for three consecutive days this month with a floor at 8p exactly. The fact that the shares have gapped higher today following the bear trap acts as a double positive, but there is more. The additional bargain hunting cue is that the lower June support to date was contrasted with a higher RSI trace in the oscillator window. This bullish divergence should be the final piece of the jigsaw as far as being a near term share price driver. In terms of the strategy going forward the fact that there has been an unfilled gap so far today provides us with a likely initial support point which would be an end of day close back below the gap floor at 8.27p. This seems to be not only a fair money management point but any weakness below this number would be the first sign that the stock was not going to build higher in a substantial way. Indeed, as far as the upside is concerned we are expecting to see a retest of the main post March resistance zone towards 12p – just above the 200 day moving average at 11.24p. The timeframe on such a move is as soon as the next 4-6 weeks."

Important to keep in mind that ENEG hold interests in the Clare Basin which are highly prospective for Shale Gas. In view of all the hoo ha going on over here and taking into account ENEG MC of under £11m(!) I would say these prospects along all their other assets make ENEG a very attractive punt.

Well you could absolutely forecast the typical AIM reaction to this promising announcement this morning. Initial mark up by the MM's spiking the greenhorns in first few mins of trading. Then come the sell on news brigade (yawn) and now we wait for them to finish and get stabilisation. It's all so predictable. Now, what we hope for is that once all this typical activity is completed we will see a move upwards in the next few days as the market in general digests this news. One thing is for sure, it certainly appears to represent a good bit of business by Enegi as they derisk their assets in Newfoundland and open the door to unlock the value in those assets through a farm in by BSE. I suppose the biggest question now is the timeline in terms of how quickly BSE will push ahead and start to drill.

Source BioScience is indeed a rare beast on AIM. A company that makes profits! Low borrowing. Cash in the bank. Good management. A very promising outlook. Close ties to the NHS through its cervical cancer screening programme and in the very important healthcare and life sciences space. What's not to like? A company that has a MC of just £20m. I see dozens of AIM companies with market valuations way in excess of this that are not a patch on this company in terms of the observations made above. Amazing. My conclusion is that currently this share is simply not in vogue, perhaps it's just overlooked. Over time though this WILL change and the market WILL wake up to this, a rare quality proposition on the AIM. Good solid statement today in advance of the AGM. I expect to see this make progress in the 2nd half of this year.

350k and 700k @ 4p. Buys or sells? (Find it difficult to believe someone would get 4p in the market for a sell)

This is quite a tightly held share with around 75% out of public hands so, I would guess, only around 27m in free float i.e..mainly PI's.

Indeed, I was going to mention that it's still trading lower than before the sale was agreed and when it was all speculation and some doubt whether it would happen.

Yes you're right, its good news for sure. Just interested in the market reaction now. Is it going to start creeping up in response I wonder?

On the face of it good news but currently a neutral and rather muted reaction by the market. Anticipated at this price perhaps? Or will we get one of those delayed reactions the market occasionally delivers to news?

And you will see a demonstration video for a whole host of leading CRM applications now integrated to Cloud Call Click: http://www.youtube.com/user/SYNETYCLOUDCALL Top notch product.

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We're due a preliminary announcement around the date you state but I would be surprised if we didn't get an operational update before then though. Last one was getting on for 3 months ago! Sadly the SP is telling me no news is bad news in the case of PTR....

Great buy Jolly. Excellent timing as this has surely hit the bottom of the retrace now.

Still very much IN here but been on holiday so not posting much. Been a shabby week or two here eh?! Will post more detailed thoughts over weekend but definitely keeping the faith. We ain't seen nothin' yet as they say!

A large 891,864 BUY demonstrating that whilst many believe this to be a dead dog, clearly not ALL do. That old Buffet phrase springs to mind.... 'The Stock Market is a mechanism to pass money from the Impatient to the Patient'

Order filling or just investor boredom and impatience. This did drop very low last year if I recall before the big rally in 2nd half.

Is actually 3.075 as I can dummy sell my entire holding (surprisingly for PTR) for 3.05 and dummy buy for 3.10.

Look like filled orders to me. Ostensibly they 'look' like sells but, in reality, the price ticked up when they went through. PI's being frightened out while bigger fish stock up at rock bottom levels? Surely not. ;-)

Oh well someone thought it worth sticking £15k's worth in.

Poor management? Poor communication? Poor weather? Poor sentiment? Poor finances? Need I go on? So why on earth would anyone invest in this now? Precisely because everything is seemingly so bad. THIS is when the real money is made.