Member Info for Discodave4561

“No Feeding the MB Troll Please” by order of Enquest management. Feeders will be prosecuted and shafted by the monkey.
Thanks in advance.
Onwards and upwards
DD

Hi Matt
Out of Plus and CMC would always favour IGG due to the reasons you say.....just not convinced that now is the time so happy to wait.
All the best
DD

Hi Matt and thanks.
Normally I’m fairly confident about what value I think a company is worth and the potential upside, okay I do get it wrong sometimes, but with IGG if the market has decided to only rate this inline with its peers then it’s alread at fair value, if it’s rated higher and at its historical average then there may be c 25% upside - that’s my dilemma combined with the fact that this appears not to be able to breakout above 645’ish.
So will just watch until it convinces me one way or the other.
All the best
DD

Thats Wayne!

EP21 Completely agree.
May have to step up troll cage security..............its that pesky Monkey, little bugger takes bribes for picking the lock, normally sexual favours but depends on his stock of bananas and nuts, can only guess that our latest troll met the requirements of Monkey and thus with a walk like John Wyne and a grimace on his face he has shown up again....with more pain to bear as his shorts are burning......in more ways than one.

Onwards and upwards
DD

Same here KO. But some bears just make it too obvious they are making points simply to suit their position, one minute it’s all doom and gloom then once in it’s the bees knees.........completely insincere and untrustworthy.
Oh well, a bit of blue seems to put them off, but the best guarantee is to just throw them into a cage.

Onwards and upwards
DD

Adjusted EBITDA £7.5m was a slight miss against £8.3m forecast plus “One area of focus was the removal of a layer of the supply chain and improve margins across the corporate card division, and whilst good progress was made this was slower than the Board would have liked“, plus sterling, plus Brexit vote tomorrow (jittery market), plus possibly pi followers of Naked Trader (who sold recently) following him = sp drop.
Bought in late Friday as sell off overdone IMO, way oversold now so hopefully will bounce......depending on £, plus NT will, according to his blog on 24th Jan be buying back in “I am looking to try one more time at a lower price, but it would be my last try as there does seem a lot of value there”. Given he bought these late last year at 119 and 138 then 94 is a bargain (at least a 21% to 32% discount) even taking onboard a 10% miss on EBITDA it’s still has a helluva lot of “value” IMO.

DD

As previously posted still uncertain about the rating here. Was hoping it was going to break and hold above 645 as a positive sign but it hasn’t, Will keep watching.
Good luck holders.

DD

are unbelievable. On the back of broker forecasts they start to swarm like vultures. Do they not know that brokers forecasts are well known for being at best very poor. Try googling and there are stats after stats on how poor they are. Indeed in one article I read throwing a dart in a board was more accurate. The RBC idiot got her analysis completely wrong and to save face could not change her target even though her assumptions were way out and had to retract her statements.
Oh well, we’ve seen it all before, they come and go, just ignore and smile as one things for certain..........if brokers are pants at forecasting then trolls are even worse, best signal ever for LTH’s.

Onwards and upwards.
DD

Hi MO nice to see you back here.

KO don’t worry, the troll has already stated that he sees “a potential investment case” here, but clearly wants a lower entry price. It was also invested here before so once again it’s just playing a game and getting some kicks from winding folk up, sad really.

Onwards and upwards.
DD

KO will you never learn!

Hi Jan,
Hope you and your good lady had a great birthday.
As for our new troll, showing true colours today and just spouting rubbish.......the pound looking strong he says!, it’s on its arse at its 52w low, yes it should get stronger when B is sorted but jeez talk about scraping the bottom of the troll barrel, the comment about new lows here and pi’s losing money was the icing on the cake.
Yep in the cage, suggest nobody visits for a while (filter) as it will be the honeymoon period for him and the monkey!.
Have a good day everyone..........AB is no fool, follow the money.

Yeah someone else just flagged that elsewhere, so thanks Pelle and gkb, sorry about that, had missed the bit about the EBT, doh.
Carry on! Lol.
DD

It’s probably me but today’s holding RNS doesn’t add up.
From the 7th Sept RNS
“Double A Limited, a company beneficially owned by the extended family of Amjad Bseisu, and trustees of the EnQuest EBT, which together currently own 154,769,489 Ordinary Shares, representing approximately 13.0% of the issued ordinary share capital of the Company, have irrevocably undertaken to take up their entitlement to New Ordinary Shares in full”.
So post RI Double A would still hold c 13%. Today’s RNS does not give any previous holding just the purchase of 9%. Has Doubke A got two separate registrations?..........confused!.

DD

Morning chilting,
Yep China GDP bang on predictions of 6.6%. Have to take a pragmatic view IMO, 6.6% is still amazing when you consider the US is about 3%-3.5% and the UK 2%-2.5%. Believe to hit their target by 2020 the Chinese GDP has to be 6%-6.5%, so on target.

Onwards and upwards.
DD

Morning Chilting,
Do think a drop in China GDP is already baked in, just depends how big a drop. If less than 6% then it won’t be a good day. Pundits reckon 6.6% so will have to see.
What could be of greater impact to ENQ is Cairns update on Tuesday - given the non existent news flow from ENQ there may be some interesting news on Kraken.
Have a good day.
DD
PS Wall Street have tomorrow off, Martin Luther King day, so China GDP news (good or bad) may have a double day impact.

https://oilprice.com/Energy/Crude-Oil/US-Refiners-Rush-To-Buy-Heavy-Oil-As-Trump-Looks-To-Punish-Maduro.html

Jeez lots of doom and gloom on here lately, even Chilts repeating concerns about the loads..........of the IC are saying sell then that’s a positive, it’s not known as Chronic Investor for nothing, the biggest buy signal going.....along with the muppet analysts.
Cheer up lads, value will win in the end.

Hi Pelle
Believe so. Not a subscriber to the Times but this article has more detail and also a link to an earlier article.

https://www.energyvoice.com/oilandgas/north-sea/190646/premier-oil-plots-fundraiser-for-chevron-north-sea-swoop-report-says/

DD

Hope AB hasn’t been shopping in the January sales!.......then again.
https://www.thetimes.co.uk/article/premier-oil-led-by-tony-durrant-in-cash-call-for-north-sea-fields-dtlq55bd9

DD