Member Info for Drew57

25 Feb saw another dividend under the belt. SP dropped 2.2p, slightly more than the 1.86p divi. I read the update as a little downbeat but this firm does not blow its own trumpet that much. Nothing wrong with the following: "The portfolio continues to perform well from an operational standpoint. Cash generation from the projects remains broadly in line with full year expectations and the Board re-affirms the target dividend per share of 7.45p for the current financial year and 7.60p for the financial year ending 2017."

Rock solid here. Still about the same price as this time last year and good dividend to boot. Not many can say the same.

Well LSE had only half a dozen trades totalling less than 3 grand, so I don't think so. Come on Brad.

3.71p just paid.

Morning Smids, I am clueless on accounting but the figures show a terrific effort of cost reduction. When the average price of your chief product declines by 58% in the period it is hardly surprising that the results do not look good. The clause about "senior debt to cash flow ratio" not being met presumably means a renegotiation with the bank which may restrict the possibilities of acquisitions which Brad wants to make. The mms contribution by knocking nearly an eighth off the sp when there is only 1 trade of £800 is a joke. I will be holding; what do others think?

Agreed. It is ludicrous that with their cash and assets the value of this company has been reduced by over 500 million pounds in a morning.

Ex-div today. 1.86p per share (again) to be paid on 31 December - luvverly jubbly. This solid outfit giving 5%-ish per year seems to attract little attention; just gets on with the job. SP dropped by almost exactly the dividend from 153.9 to 152p, which of course it should do theoretically. Anything above a 152.04 close tonight will do nicely.

Morning anyone, Have not looked at our sp for a while, so although the volume is low I cannot see one single sell trade for 2 weeks. Huzzah! That must surely be some kind of a record on here. Hang on guys while 'the quiet one' does the business.

Placings at a premium are fairly rare but they do happen. Here is one at 17% above sp: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SUMM&ArticleCode=zp9zfa8s&ArticleHeadline=Placing_to_Raise_GBP45M_and_Offer_for_Subscription_to_Qualifying_Shareholders

"Pascal Soriot, a Director of the Company, notified us that, on 25 August 2015, he purchased 76,300 AstraZeneca PLC Ordinary Shares of $0.25 each at a price of 3960 pence per share . . . . . Mr Soriot intends to gift the shares to family members." £3million; big vote of confidence and one hell of a gift!

It is bad enough the SP dropping without LSE making it worse. I contacted admin at noon: Both yourselves and Barclays Stockbrokers are showing the Bid as 3.27p and Ask as 4.0p Therefore SP should be about 3.64 - you are showing the SP as the same as the Bid. You are showing last night's close as 3.625p, therefore it has risen not fallen 9% Hope that helps" reply from admin: "Thanks for your reply. I have raised the issue with our technical team and asked them to get in contact with our third party data supplier. It's unusual that we're showing the same percentage change as various other websites are. It could be that there is an issue with the third party data suppliers data. We don't alter or change our prices as they come direct from the stock exchange." Andrew (Drew57)

Dividend is 1.86 pence; sp seems to have settled at about 151.6 which is 1.2p down. Reasonable result; in effect a rise.

Only share in my portfolio not down in the bloodbath again today. Probably only because there are no trades, so nobody touch any buttons then at least I will still have one tonight.

and the sp rises! That's a new one - result.

No volume yet, but hopefully that will come. Interesting to me: "The Company believes that high quality drilling locations currently in inventory are best left in inventory and opportunities to acquire additional production, land and drilling locations are best acquired in market conditions such as today's." Presumably that means leave the oil where it is and go for acquisition. Buy distressed assets from those hit hardest by current circumstances and on to Canadian and world domination! Oops, bit carried away there; but still dig out the Pointer Sisters smidsy.

Please could we have some of our posts back? I realise there was only about 1 per month, but I am sure the authors thought they were pearls of wisdom. :D

Ampthill, a month has gone by with little rise so now is your time for your second tranche I think. 3 month MACD is just about to cross upwards. Divi coming up as well.

Turn my back for 5 mins and all hell breaks loose. What a day - 30% rise. For what reason? Big background buys? Brad doing some kind of deal? The majority of trades this morning were under £1,000, so hardly an institution there. Just been dummy quoted at 4.5 to sell / 4.9 to buy, so I don't know what the 4.7p trade is.

Yes, just a formality. The last 'Holdings in Company' rns (Jan 2014) showed them increasing to 27.58% of our 163.8m shares. If they had sold even a couple of million shares I believe that would have to be notified as more than 1%.

Morning Smidsy, your comment has caused the mms to raise the ask to 4p - lol. Haven't Henderson submitted the same form regularly for ages? Not sure if they have actually sold any.