Member Info for DRichi

What do we (PPC) actually know for sure about these 3 new wells? Are these old wells that used to work that will be reopened? Or 3 brand new wells into an existing reservoir of oil, so with known oil each one will lift production (and therefore profitability) by Eg. 500bopd? Just wondering as the increases in Production from 200bopd to 500bopd in the workover wells earlier this year took the SP from 5p to 7-8p. So back of a fag packet calculation each new well producing 500bopd should add at least a penny to the SP yes.....??

...and out at 529p. Not as much as the 538p quoted the other day but hey ho, a profit is a profit. Will keep an eye on this share and if it drops back could buy back in, but if not, hope it goes a long way North and makes you all a decent profit. Re: Hedge Funds- Even if there are some about that ain't doing so well, there are plenty amount that turned 20% in the first month or two or 2016 alone. The principle of a Hedge Fund is that they make cash regardless; any Hedge Fund Manager that loses money is doing a $h1t job and should be fired. Simples. Anyways, this seems a good share. Might be back. GLA........

Maybe Ackman and Pershing Funds are having a tricky time at the moment. Not sure. Not invested with them. (My Portfolio ain't that big! Haha!) But the point I am making is about Hedge Funds generally. A proper Hedge Fund should make a profit every year, as they 'hedge' their bets to make money either way. And in today's markets it should be VERY easy for Hedge Funds to make a lot of money because of the Global events of the last few years. Specifically, the impact of policies at the Fed and other big central banks is playing out in the quantity of liquidity flooding the world’s capital markets after years of loose monetary policies including quantitative easing. Eg. Banks printed loadsofmoney, now Investment Banks and Hedge Funds have very high levels of Cash. This means redemptions don't pose a Risk, this means that they can fully Hedge FX exposure, take Risks in EM where Gov Bonds are paying 14%. Oil is always a big one, and if you look at say the last 12 months, there has often been significant gaps between the spot price and its 30-day moving average, which is a reason to be overweight or underweight in Oil or even in commodity exporters generally. So, loads of Cash flying around ready to be invested, and lots of opportunities.... Some people will make a lot of £$€€€££$$$€€.....

Hmmmm..... not the start I had hoped for. But the last point it held was just over £5, so as long as the drop back stays above that, then we will remain on an upward trajectory. Markets-wise.... don't worry about Hedge funds, they are fine. By definition they 'hedge' their bets so they make money whichever way the Markets turn. The EM market countries are in so much trouble right now that Bond Rates are massive. Eg. Brasil are paying 14% on their Gov Bonds. It's like all those years of the Yen-Carry Trade where Japanese housewifes made more money than their Investment Banker husbands. We could all go down to our local bank get a Loan, at 1% 2% or 3% whatevers, buy Brasilian 10Y Bonds that pay 14%, and as long as we hedge the FX correctly, there will be big profits. Sorry- tots off topic. Anyway, let's hope GWP rallies when the US comes online later.....

I think it might open higher and then go real big...... For the record, not trying to ramp or anything like that, don't have any insider info, so am just guessing now; but, just look at the trades today after Close. £25k, £69k, £85k, £17k, and £735k (presumably) all buys. That's over £900,000 people have just spent on Buying this share. You don't part with that kinda money without good reason....

My broker didn't give me any advice; was just me playing around with dummy buy/sells. Price was moving all the time but in a 536p-540 range. Be interesting to see the Opening Price tomorrow, and also see what happens at it's usual spike up time of 14:00ish when EST wakes up for breakfast... Fingers crossed....

with my Broker. Another significant move. Maybe something has leaked....? Going to hold tight for now. Might even revise this mornings trading ideas Northwards already!!! :-) What a fun Share this is.....

GW Pharmaceuticals to Present at the Goldman Sachs 37th Annual Global Healthcare Conference and the Jefferies 2016 Healthcare Conference London, UK, 31 May 2016: GW Pharmaceuticals plc (Nasdaq: GWPH, AIM: GWP, "GW" or "the Company"), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, today announced that Justin Gover, GW's Chief Executive Officer, is scheduled to present at the Goldman Sachs 37th Annual Global Healthcare Conference to be held at Terranea in Rancho Palos Verdes, California on 8 June, 2016 at 8:40 a.m. PDT and at the Jefferies 2016 Global Healthcare Conference at the Grand Hyatt Hotel in New York City on 9 June, 2016 at 4:00 p.m. EDT.

@KingSkin- I only have a few shares here anyway. Missed the big rise from £2, and got in at 490p. 550p is just a nice number as it would be a decent profit of just over 10%. Although what I will do is wait for 555p or 560p and then put in a Stop-Loss at 550p. Hopefully GWP will keep going up and up and then I can move the Stop Loss a bit further North each day. To be honest- I didn't really research this Share and just took a punt on the Charts and the decent RNS. I hope she goes all the way to £8, or more than that. But as long as I get out with a profit I'm happy.....

5.50 for me. Will wait for her to get there then I'm gone..... Let's see. The SP is definitely going in the right direction for that. Daily Mail scaremongering notwithstanding..... ;-)

@WorksD- All the comments here have been realistic. The expectation is that continued reworkings of wells in Argentina will increase Production and the SP should tick-up to double figures on that. They are and it will, for sure(ish) at some point this year. We've also covered Rorke's Drift, a few Creedance Clearwater Revival songs, and the fortunes of Blackpool & Bournemouth football clubs, amongst other things. Also, it will take a really good new oil find for this share to really rocket, but hey ho, maybe one day that'll happen, or not, who knows....

..sounds like; Louisiana is being wound down, Australia will be gone this time next year, Paraguay currently on hold. Thank goodness for Argentina. It's profitable, and 3 new drills coming up being funded from a x between the $200k cash left in the bank and a loan from PL. The Year review pretty much said what we had speculated. Tough 2015, Oil Prices, Miss in Paraguay, and the dilution; but out of that, PPC has positioned itself well, finished the legal action, taking over more of the Basin at a discounted price, and has increased oil flows with workovers and now has a few more drills coming up. Plus ça change, plus c’ est la même chose.

LSE is funny sometimes. Looking now it says BID 529 and ASK 503.5. Imagine if that was the case; buy sell buy sell all day as many shares as possible and pocket 25.5p per share bought/sold. Still, looks like we are closing at 504 which is a blue day. All good. More tomorrow pls....

Well, I don't know too much about the Fed, but I would be very surprised to see the BoE raise rates here his year. (Although I guess once the US does it we'll probably follow suit however later on). But looking around in the City I don't see that it necessarily follows that a Rate hike would lead to a Market Downturn. Most of the Multi-Nationals here trade primarily in FI, so any rise in base Rates would have a positive impact to the P&L. Still, who knows how markets work really? 14 years experience working in them and I ain't figured 'em out yet.. ... Que sera, sera....

I don't think that any serious or respectable commentator has predicted a crash soon, let alone being so specific as naming the date. Out of interest though, why 28th? Is that when Hodgson decides on the final 23? Anyway, Re: Wider Market- nothing much can happen till 23rd June anyway. Then hopefully everybody is smart enough to vote Stay, and our economy can kick-on after that… Nice to see GWP holding above £5. Looks like our speculation a week ago was right (so far anyway), hope she stays over £5 and kicks-on a bit…..

Past £5 now. Great stuff. What's Level II, or the Charts,or any random guessing looking like now? Up up up and anyway and through £5.20 tomorrow or a drop back to £4-something....?

Not sure that list is 100% right either. It totals 669,993,621 Shares, and I think that currently there is only 525M Shares in Issue.

My numbers are from Barclays Stockbrokers. Reading through I am not sure how often they update the site, so might just be correct as at Last Years Accounts. Really not sure. Apologies, should double check this before posting!

Company # Shares £££ International Finance Corporation 74,373,608 £5,633,801 Levine Capital Management Limited ("LCM") 72,364,525 £5,481,613 Michinoko Limited 47,111,200 £3,568,673 Norges Bank 13,075,292 £990,453 Harvison Capital Management, LLC 12,140,141 £919,616 D&P NEW WORLD SPECIAL SITUATIONS FUND 8,800,000 £666,600 Jupiter Asset Management Limited 4,157,673 £314,944 DRichi A lot less Less than I invested! ^^

Apologies. Last year 13th for results, and 26th for Notice of the AGM. So guess we'll probably due both very soon.... Presumably the AGM will be in High Holborn again, like last year. Let's see, depending on the date/time would be nice to pop down and double check with PL what the plans are.... @Biloselhi.... Results already priced in.... probably. But this is a Share I think currently not on a lot of radars, and looking at Volumes traded is quite illiquid, so maybe with good news we could get a lil rise....