Member Info for Gordon57

This interview is extremely encouraging to me mainly because it would have been easy for Tony Durrant to have skirted round the Sealion project and engineered a relatively benign interviewer in Malcy. As it was Durant spent almost five minutes on the project and, while not making any firm promises on timing of course, he was very upbeat about the contracts being largely put to bed, positive political progress with Falklands themselves and most critically positive on the funding negotiations and likely timing. CEO's don't like to be caught on film making statements that will later come back to haunt them ! As a long time holder of approx 250,000 shares bought over the years and now averaging about 65p I feel more confident than at any time in the last 6-7 years.

Anyone know why it's dropped so much today - nearly 8% down at 111p now?

bad press today but this just represents a classic piece of politiking from the government - short term hit inevitable but what a great buying opportunity this gives to get into the long term recovery of IRV that's already underway.

Well that's as maybe but a strong rise in PMO cannot be bad news for RKH - at least it opens up some options

Agreed but the upward movement has been sustained for a significant period of time now suggesting there's some genuine met on this particular bone - I hesitate to be too optimistic but do feel very positive about the likelihood of significant further steady gains towards the �1.50 mark. Progress after that will depend not only on the financial restructuring being not too painful and most of all on a steady flow of positive news

Still moving up quite stongly today - when do we get the next update or news ?

Well said bandit1 - I agree to expect a re-structuring of bank facilities and possibly a rights issue but fully anticipate IRV recovering well under the new CEO. It's important to remember that even the best and biggest companies make mistakes and sometimes they take years to put right especially when long term contracts are involved but the fact remains that IRV is one of the best providers in it's market, it's a genuine quality provider and has a lot of very satisfied corporate customers (including the government in a big way) that are fully aware they would not be able to match or replace IRV services to the same high quality level. No company (like no football team!) is too big to fail but IRV is as cloe as it gets

As a long term holder and continuous buyer of RKH down to 22p (average now 51p over seven years) I reproduce the considered post I made on the outlook for RKH on 22nd September - nothing material has changed and it remains a high risk high reward gamble which I personally believe will come good but which every investor must appraise for themselves with their eyes open. Here's that earlier post from 22/09/2017:- The speculation about the short term projections for a share like RKH are interesting at the level of day trading and history has shown that changes in the range of + or - 5p to 10p can occur for various external reasons, principally the latest outlook for the oil price but when it comes to "predictions" of whether RKH might or might not get back to 60p - �1 or higher in the long term I think they are missing the point. The many reasons why RKH reached �4+ back in 2010/11/12 were all based on it's enormous potential and all those factors are still in place now, in fact the evidence for that potential is now backed up by 5+ years of research, test drilling etc If and when Sealion is sanctioned and a clear route to production is visible the share price will dramatically explode, not just doubling or tripling from the current SP - which basically means that at this point RKH remains a long term (as in until whenever the development is sanctioned or finally buried) punt for PI's especially. I personally think it's a good punt to take or I wouldn't have held and kept buying shares for over five years and I continue to hold the shares in the reasoned hope that somewhere between a 10 - 15 x return will happen... but I do recognise it for the punt that it is and accept I could lose most of it if that route to production does not get clarified. In the meantime RKH continue to do sensible things to give themselves as much time as possible for that potential to be realised and the short term SP will no doubt continue to oscillate +/- 5-10p

Tesco has turned the corner and will make steady progress back towards the 230p-250 range over the enxt 6-12 months - it won't ever be the most exciting stock but opportunities for 30% + rises over 12 - 18 months are rare in the food retailing sector and there's light at the end of Tesco's tunnel now so a definite buy. It's worth remembering too that food retailing is a classic defensive sector so when the market takes its expected fall as consumer expenditure is squeezed the whole sector will be a good one to be in

Not the most exciting sector or indeed the most exciting stock in food retailing but Sainsbury is as solid as it gets, the dividend is all but guaranteed and, as a defensive stock, this will rise back to �3.00 + at the first hint of any FTSE wobble when it comes. With the FTSE still around 7500 defensive plays haventt get kicked in. If you want more of a risk reward play then Tesco is the one to back for the next twelve months

Recent statements have been downbeat, margins under pressure but most significantly the sector is seen as cyclical very vulnerable to any hint of consumer downturn or reining in of personal expenditure which is being anticipated in light of increasing inflation growth (ahead of wage increases) and expected interest rate rises. The SP is unlikely to break out of a narrow range 520p-550p for a long time unless there is some specific good news which is unlikely

The speculation about the short term projections for a share like RKH are interesting at the level of day trading and history has shown that changes in the range of + or - 5p to 10p can occur for various external reasons, principally the latest outlook for the oil price but when it comes to "predictions" of whether RKH might or might not get back to 60p - £1 or higher in the long term are missing the point. The many reasons why RKH reached £4+ back in 2010/11/12 were all based on it's enormous potential and all those factors are still in place now, in fact the evidence for that potential is now backed up by 5+ years of research, test drilling etc If an when Sealion is sanctioned and a clear route to production is visible the share price will dramatically explode, not just doubling or tripling from the current SP - which basically means that at this point RKH remains a long term (as in until whenever the development is sanctioned or finally buried) punt for PI's especially. I personally think it's a good punt to take or I wouldn't have held and kept buying shares for over five years and I continue to hold the shares in the reasoned hope that somewhere between a 10 - 15 x return will happen... but I do recognise it for the punt that it is and accept I could lose most of it if that route to production does not get clarified. In the meantime RKH continue to do sensible things to give themselves as much time as possible for that potential to be realised and the short term SP will no doubt continue to oscillate +/- 5-10p

Although very different of course I wonder what observers interpretation of the current situation going on with the Rockhopper share price is? As a substantial shareholder in Xcite prior to it's demise (100,000 + shares) I wonder if there is a similar depressing outllok down the road for Rockhopper which I also hold. I would welcome any constructive comment

The has already factored in a dividend cut so it will be too late then - when the scale of the cut is actually confirmed we can expect an instant rise in the SP due to any uncertainty being erased not a fall as you're suggesting

I am typically a long term investor with a 2-4 year horizon so to some extent discount the "dire commodities trajectory" issue or depressed earnings outlook which is driving the heady pe you refer to. In the long term I am 100% confident this share will recover massively - bear in mind just back on 1st April it closed at 1564p, on 1st July 2014 it closed at 2013.5p and peaked at 2562p five years ago on 1st December 2010. Even at the depths of the financial crash it closed at 983.8p on 1st October 2008, having touched a low that day of 756.5p. These are compelling stats to support the modest expectation that investors can anticipate at least doubling their investment at today's rates within a couple of years at most

764 hit so will it go even lower or bounce for the rest of the day? Comparisons with the short term reaction to BP's Gulf disaster in 2010 are striking and this looks like amazing value in the long term irrespective of any forecast dividend cut or legal action from Brazil.

I thought ex D day was today (Thursday) - also surely you have to keep holding the shares until Record date which is Friday so you can't sell the any ex D share the day it goes ex D and still get the dividend - that is right isn't it?

As a newcomer to precious metal investing this share looks like it's way oversold to me at least by any other sector comparisons for big companies. On the other hand it's plummeted so far so quickly is it even remotely possible this could end up worthless? I'd be interested in views

After being in such a narrow range for almost a year why have they jumped to 17+ this week - there's been no significant news that I can find?

I bought in at 230p and have confidence in the long term so happy to buy again to average down but how low do observers think this one can go? I was expecting it to bottom around 200p but seems like downward spiral is ganing momentum even allowing for today's ex-div impact. Any hidden nasty news that might precipitate a real collapse?