Member Info for Gerry65

LC - not in all shares where you post but in many, you take a negative position and look to short.

this may in some cases be based on your view on fundamentals or perhaps based on the length of time that the present bull run has been ongoing. no doubt we are due for some corrections over the next 18 months, as in the period jan through to march. although that time round the ftse regained its losses.

my view is that its always best to plan forward as best as one can looking for events that can have effects on particular shares or the market as a whole.

i have over the last 12 months top sliced or sold out of shares where i felt they were running out of steam, and re positioned elsewhere.

since my first share purchase in 1981 i have seen several ups and downs in the market, and hey ho i aim still investing for both growth and income and my portfolio continues to perform.

its not too difficult in a bull run and i concede its more difficult in a bear market, but long term investing does seem to work.

it appears to me from your posts, that as someone setting short positions you struggle to understand the mindset of a longer term investor.

maybe thats because as you take short positions you have to be in the moment, so to speak
hence 1076 posts on vod in the last few weeks.

whereas you are looking to convince those with longer term plans to get in the moment like yourself.

perhaps you'll never see eye to eye with most on most of the bb's where you post.

i recall a poster called mortgage free, advising all in tlw, to get out and move across to hoc. a couple years ago. ODEY was heavily shorting tlw at the time. the sp did fall sharply, hoc also had a very strong leg up at the same time. mortgage free, took great delight in being right at that time.

for myself i doubled up on the fall somewhere just north off 130p in tlw - now i am substantially up on tlw, whereas hoc is now down in the dumps.

my point - mortgage free was right in the short term, not sure if he sold out for a profit or not. but i also took the right decision for myself.

perhaps you just need to concede there are many ways to invest., and many differing decisions and positions to take. many who take long term positions, are looking at 5- 10 year timeframes, and have the time and funds to take a relaxed longer term view.

its all a question of perspective, and everyone is entitled to their own views, some will agree with you others wont.

btw not invested here.

gla

jarv - you are right at the conference call someone should ask CH if the first amendment has been submitted by the partners and if not will it be submitted by the 17th august as per the recent rns.

perhaps a second follow up question would be why if ARSO completed their review on or before the rns on the 8th june, and asked for amendments, why is it that 2 months later ast and the partners, still haven't fully responded.

was it so complicated that its already taken 2 months for CH ast and the partners, to get their act together and respond !

surely with the revenues falling month on month and cash running low it should have been a major priority and top of CH's in tray !

it beggers belief that its still outstanding over two months later or is there more to this than meets the eye !

turning to the second amendment what information is required from a third party, who is this third party, and why will it take at least another 20 days to become available.

CH has blamed ARSO for delays but to me it appears that the partners haven't covered themselves in glory in terms of pro activeness in communications with ARSO.

i guess pi's are unlikely to ever be given a full and clear understanding as to why the IPPC has dragged on for so long.

hardy - have to agree in large with your post.

to me last week saw mon and tues as mainly selling days by long suffering lth's, with some buying on the dip.435m and 147m shares traded.

wed a day of reflection - 32m shares traded.

thurs - on the back of the 2nd rns in came to buyers, some were guys averaging down but many were day traders in for a bag. 565m shares traded.

fri - 265m shares traded. with buys and sells roughly even. here apart from the early opening peak and the 10.00am dip shares traded at a range between 0.78 - 0.88. many quickly sold out their thurs profits and have passed their shares on to others now in at an average of prob 0.85 + taking into consideration the daily sp spread.

good news will need to come through quickly to keep the newbies interested. if the sp drifts downwards, on any silence, how long will they hold. many buyers on fri are already down 5- 10 % - before taking into consideration the spread which closed at 6.25% but was higher, during the day in many cases.

its all down to those permits.

jamesjohn - that's right permits to re stimulate were first submitted in may 2017.

then in jan, may and june 2018 ARSO requested amendments, nothing has been said as to what and why these amendments were required. was it a mess up with the original submission docs, or was ARSO just being pedantic.

nor do pi's know why its taken so long to get the required amendments submitted.

still requested amendments were submitted by the partners on 5th july, so not long now !

wizzard - yes ast is running on fumes at the moment. revenues have fallen away due mainly to the ongoing problems with the well pg -11a, which CH has stated is unlikely to make any significant contribution in income terms in its present state.

now CH advises well pg-10 also needs periodic shut ins to restore pressure. hence the july reduced revenue position.

both wells now need re stimulation and ast need permiits to re enter, these were applied for over a year ago, and are still awaited.

the bod has taken action in terms of major cost cutting and indicates it should be able to continue to trade till the end of the current year without funding.

the thursday rns states that the meeting with the relevant authorities was encouraging, and indicates that the permits for the processing plant may be expected within 2 months, though it stresses there are no guarantees.

as to the permits required to re enter the two operating well, although these are long outstanding CH is hopeful these will be moved forward in timely fashion.

the conference call planned for next week may give more clarity. however, what more can CH say in fairness at the present time. ast are baffled by the delays in the permits, ARSO may have indicated to CH why it has dragged its feet, but matters are delicately balanced at present. he has asked shareholders to desist sending e mails direct to the relevant authorities, he will need to be thoughtful as to how much sensitive information he can disclose at this point in time.

he is in a similar situation as regards any potential info from the SR.

so pi's may have to sit on their hands and wait for the rns to come through. hopefully all will be revealed in timely fashion.

any further funding by way of placings will require shareholder approval. the more likely way imho will be jv funds or a buy out, based on those permits coming through.

interesting times.

GLA.

mister positive - 59 posts in a day and a half on here.

if its nailed on one would think all you would need do is put your feet up and wait for it to land.

btw i didn't say it wouldn't land, if it does - it does then AST is still on the bus - if it doesn't ??

i hope it does for the lth's.

anyway off to watch the footie, and the start of relaxing weekend.

GLA

lol reso you noticed i posted it on two threads that were pulled.

shortened it out this time round though.

an awful lot of new posters on here - wonder why !

my advice to all newbies would be to read through the rns over the last two years, rather than guys who have posted dozens of times but only since yesterday morning.

i know your and a few others have had healthy debates on here over the years.

now drowned out by the day traders, for the time being.

i hold no position here at the moment. its chaos, but still interesting to watch from the sidelines.

looks to me like reasoned long term posters on here are being swamped by day traders.

i traded this one a few times in the past but the farce back at the end of oct / early nov 2017 was the last straw for me. no confidence in CH. i sold my last few here for a small loss in feb at 1.2p in profit overall though.

too many promises and false dawns.

i continue to read the board though. was not tempted to buy in at sub 0.4p following tbe armageddon rns on monday. so still on the sidelines today at 0.8p safer there imho.

how this will pan out is anyone's guess the IPPC may drop, in time.

no placement though to keep the lights on without shareholders approval.

i see some newbies are already under water here, doesn't take long with ast.

lets hope it will come good particularly for those that have been invested for many years.

GLA

Not heard anything, myself, i bailed out on the 25th July at £5.71.

This has been a great share for me but it was starting to look a little toppy, so i took my profit.

It will remain on my watchlist and i'll buy back in if it falls back towards £5.00.

A well run company, IMHO.

That's the div received into my Halifax S &S ISA, to be re invested, be interesting to see how the SP trade over the coming months.

GLA.

ifonly1 - am pleased with both trades, but am mindful some are in for the long term, and some are still under water, so with respect to lth's will not say more.

i suspect the de rampers will be out in force this weekend, prodding and probing for weaknesses, and will continue at least until the portland is declared commercial.

i am sure there will further opportunities to get back in over the rest of the ewt.

this sp can move very quickly in both directions.

gla.

whilst the portland is looking very positive i did sell out again today.

that's two successful trades in and out for me since the oga and first placing in mid june.

hope to have an opportunity to get back in before the portland is declared commercial.

if the sp rises and i miss out - will wait till testing starts on the two kimmeridge zones, and look for more entry points.

good luck to all here whether you are, in for the long term or trading ukog.

enjoy the weekend sun.

div around the corner - lower sp will give more shares for those that re invest.

be interesting to the direction of the sp over the medium term.

i appreciate some are holding at higher buy in prices though others are quite comfortable - buy sell or hold, each will have differing views.

gla

ifonly1 - people have views they should all be considered, that's why i never filter on any bb.

i am putting up with a number of fruit loops, on several of my main ftse stocks so its not just aim bb's where feelings run high.

that's me done for the eve - back to the cricket, - England 253 for 7.

gla.

Not getting at you Ifonly1 - think we are in a number of the same FTSE stocks.

You could have bought in here at circa 1.2p in mid June, but you delayed a bit, know you lost a few quid - but it was only pennies after all.

You have been open and honest which is a credit to you, but it does seem like you are a little miffed at the moment with UKOG.

Hope both UKOG and HUR make people money.

All the best

Gerry

Ifonly1 - re your post 16.47. - "people influenced by a bb should not be buying stocks end of "

Why when you bought into HUR last week were you panicking and asking others over there if you had done the right thing ?

Your posts on HUR

tues 16.51 -Not sure if to stay in or bail out until more news breaks but might rise to quick if all good news.

Sat 18.43 - Will hurricane make me RICH ??

fri 23.18 - hope your right as i just bought 10000 shares.

fri 16.48 - just a simple question do you expect the sp to rise ?

fri 09.57 - where do u expect this to be in 2 years ? sp ? i bought at 51p.

Why were you asking others over there,if they thought you were right to buy?
Were you happy to take the reassurance given - to allay your concerns and fears ?

Seems you don't follow your own advice old son lol.

Anyway - keep on posting buddy, please no offence meant, just an observation.

take care.

Meanwhile for back to UKOG, its a 5 month EWT, there will be many days without news, think there many with very short term views that are getting stressed out. News will come when news is ready.

GLA.

Last Call - best of luck with DEB - are the institutional shorts not sitting at circa 12% there - odey is leading the way, i believe.

Not invested there but its been an interesting story.

How much did you lose on your last short ?

Are you still long on DEB ?

Last Call - are you still shorting Vod ?

Pity that poor research and reporting by the Times over the weekend and later copied by Cityam, has to be corrected by BAB in this mornings RNS.

Looks like it caught a few out who sold early doors this morning - though it may have also provided a buying opportunity for some.

Div is around the corner though

GLA