The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Just going by the history of this company. Earlier placings have come out of the blue after Co have stated no reason to raise funds. I am LTH and no wish to deramp (why would I bother, the Co is already making a good job of sinking SP).
SP keeps sinking and posters say good time to buy. That would be true if there was any prospect of SP rise but we've been here before. Expect placing at stupid low price followed by more options for Bod and round and round we go again.
I received my share certificate and then asked HL to add them to my SIPP but they say they don't deal on that exchange. Has anyone else managed to transfer their shares to HL please?
What a fool I was to invest here!
My letter says they will try to register in my name!
Thanks Rainbow. Just checked some earlier posts. I never claimed to have been in FRR for 7 years. At a guess it's probably about 10 years and as to my (disputed) 7p average, if doubters were to take the trouble to check historic charts they would see that this was 130p or so in 2008 and even higher before that. The reason I posted as I did was to give a hint to others not to be taken in by all the hype on this share. The SP drifts down and down.Only a couple of months ago I was tempted to average down further at 0.50 and look at the SP now. This may come good of course and I would love to get some of my stake back but these O&G shares are full of surprises and just when you think thinks are looking up the co. gets sold for a song or there is a massive dilution. So the message is be very careful and don't just consider the prospects but also try to form an opinion on past performance Fcw (incidentally for the conspiracy theorists I don't post under any other aliases)
my earlier post related to FRR by the way
fcw
Nice rise today for traders.
I've been in this share for more years that I can remember - av. is about 7p.
Nothing but promises of jam tomorrow.
Not worth cashing in at this kind of price so will continue to hold.
fcw