Member Info for Discodave4561

Jan
Sorry to hear of your loss, sincere condolences to you and your family.

DD

Found this interesting, not only the concept of Blitzscaling (for businesses like Amazon etc) but also an interesting debate on oil and fracking.
From 14:27 focuses on oil but tbh i found all of it worth listening to.
https://www.rt.com/shows/keiser-report/458167-blitzscaling-unicorns-silicon-valley/

DD

As Jan has said, they are just after some cheap shares, a few final shakes of the money tree, that’s all.
Stick to what you know, the daily sp action means nothing, value will come to the fore in the end.

DD

KO
Pleased you are now in the Blue!, just the start IMO but guess it will depend on a couple more 12/13 day Kraken offloads before the market sits up and takes notice.
I'm still down about 14% and may average down and put some in my ISA but too deep in oilers (30% of my pf) as it is!.
Good luck all.

DD

Hi Heardy,
Hold here and was wondering if you had heard (no pun intended) anything about a bid at £1:50?, or just your hope :)
Thanks

Hi KO I’m still here!......could today have been more about the time of load 34 rather than AB’s buy, I’m guessing word is out they have fixed the problem as AB’s Buy wasn’t much (£54k) by his standards and our peers haven’t risen anywhere near as much today (1%-2%).......or it’s just playing catch-up?.
Glad you may be in profit this week, my average is 27 so still some way to go but confident it will get there.
All the best
DD
ps The cage is getting quieter, day by day.

KO completely agree about AB, deserves a big pat on the back......puts his money where his mouth is.
Shame on all those, well one individual in particular on here, who slagged the guy off a few days ago and who always slags him off.

Onwards and upwards.......may even give the old cage a good rattle tonight (that’s not a metaphor by the way!).

DD

Excellent results and liked this:
“The acquisition of Magnus has added material value to the business through significant production and reserve growth, and the application of our production enhancing capabilities are already improving performance above original expectations.”
Can’t see any bad news, or at least anything that isn’t already known and priced in.
This is soooo undervalued, with 10.4c eps we are on a PE of 2.....jeez!.
Good luck today.
DD

Good luck all holders.

DD

Appearing is good news, especially those that pretend to hold and those that pretended to sell when they never held. Strange world we live in!.

DD
PS Monkey, monkey, your in for a good week by the looks of it!.

Auson,
IMO Cairn wanted to deflect their bad news onto ENQ. By releasing the India delay a day before results and then headlining K write off did the trick, they also knew that ENQ were going to counter their decision which again put the spotlight on ENQ. Just look at their headline below:
"Operating loss US$182m from the impairment of Kraken following downward revision in reserves; net loss after tax US$1.1bn resulting principally from write down of Cairn's investments in India"
Although the K impairment was $166m they dilute the impact of the India issue which is a much bigger issue fir them than K.

Just my opinion and imagine that AB will more than put this right in the finals.
DD

Krakenoil is defo not a troll, believe every word he posts, can get too passionate at times but hey, take that anyday over what LSE, L3, Fernan, Itsza, Iffy Squiffy, oiluser, etc etc say on here.
DD
KO hope the cheque is in the post!

Also agree.
My oh my how the trolls love a bit of red......L3 filtered (again) from this morning as sooooo obvious he doesn’t hold, iffy squiffy been in the cage for ages as he too doesn’t hold but pretends he does. As for Fernan, well he is monkeys best biatch at the moment and has been for a while, another poster that pretended to hold but never did (nobody does fundamental analysis to death yet doesn’t have a view on fair value- unless like F you don’t hold in the first place).
Given current market sentiment what exactly was expected from today’s news!.....put a small short spread bet on this morning and closed before end of play (just a play really to relieve the boredom of all the bullshit postings on here).
It only needs LSE to show up and we have a full house I see.
Onwards and upwards my friends.
DD

You can stay, £100 per night! Lol

Guess the market has now priced in some (non material!) K impairment so should now be onwards and upwards.....less downward risk IMO.
DD

“The three-well DC4 drilling programme is ongoing and remains on schedule with production onstream from the first DC4 well”.

L3 or should I say oiluser.........please sell up, I am more than happy to buy your shares.
Stops hit today, time to buy, if alleged investors on this board can’t stomach a 50% paper loss then they shouldn’t be here in the first place (Warren B).
DD

L3 is oiluser, bought here when realised it was value, now bottling itband sold up.........the monkey in the cage told me!.

Had to threaten him with a permanent butt plug for iffy squiffy.....soon squealed, as I imagine iffy will when monkeys mates make him their biatch!.
Keep smiling folks, value will out in the end (Poo and Enq).

Think it is 4 wells for dc4.
Total 25 and so far with dc3 there are 21.

sporazeno is a poster on another BB, sorry was a copy and paste.

Thanks Tom. Have only just checked their website though and on their H1 presentation they do split the UK/EU professional and retail income, so some of my numbers/assumptions are incorrect. That said as can be seen below, the eps still works out to the same as previously posted. Apologies for the errors, not deliberately trying to mislead.
Hi sporazene
From their H1 presentation I mistakenly used the Q2 UK/EU retail and professional split (31% and 69%) rather than the H1 which was 41% (retail) and 59% (professional). This does show that retail decline for Q2 was more indicative of what their yearly forecast split will be of 30%/70%.
According to their H1 presentation (on their website) where they provide the income split, the UK/EU “retail” income H1 was nearly £61m, again annualising gives £122m. Once again going on their forecast impact due to ESMA for FY19 of 34% then year end rev compared to last year could be 569 - (0.34 x 122) = c £528m (a 7% reduction rather than my original 6% reduction). As H1 total rev on like for like basis was down 6% (sorry used 8% previously for some reason) then will use mid point of 6.5%, this gives FY19 rev of £532m, pbt £239m, pat £194m, eps still c 52p. So will stick to my previous post share price for fair value of 520p to 624p.
Just for balance, consensus forecast is for a 22% reduction in eps to 48.25 with FY19 rev of £519.5m, which is a 9% reduction compared to FY18. H1 implies it could be only a 6% reduction, so you takes your money and makes your choice - will they beat or not!.
DD