The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Is Sirius Minerals #SXX going private or not - confusion in the media following Chris Fraser comments. Messy, very messy.
https://contrarianinvestor.net/posts/2019/10/21/is-sirius-minerals-sxx-going-private-or-not-confusion-in-the-media-following-chris-fraser-comments
Same Bath branch. Busy busy ! Big week October 23rd 5.30pm, market reaction Thursday !
Is Metro Bank about to be taken over? - more rumours October 19 2019, this time a deal with Virgin money owner Clydesdale? Who knows but Q3 results wednesday and weird share price action. IG market abuse email too. Hmmm https://contrarianinvestor.net/posts/2019/10/19/is-metro-bank-about-to-be-taken-over-more-rumours-october-19-2019
Whipstocks, horizonal drilling and UKOG update at Horse Hill start of HH-2z ops. The share price finally looks like there's a few signs of early life but still closed Friday less than 1.2p. Horizontal is key. https://contrarianinvestor.net/posts/2019/10/19/ukog-update-october-19-2019-equipment-at-horse-hill-site-ready-to-start-hh-2z-horizontal-trajectory
I’ve seen it before . Loads of negative PR recycling same old stories, dodgy spoof trades , usually means hedge funds trying to exit a large position before news. Read the bond offer documents if you have doubts, all risks had to be in prospectus by law. Nothing frightening . £2 is looking good value
Will investors finally get the message that most mutual and open ended funds are dogs https://contrarianinvestor.net/posts/2019/10/17/will-investors-finally-get-the-message-that-most-mutual-and-open-ended-funds-are-dogs
Metro Bank investors eye results on October 23rd on hopes of start of turnaround. rs or long investors are right? Fingers crossed for next Wednesday’s RNS as I hold MTRO shares long as a classic Contrarian Investor bet on this bombed out stock.
https://contrarianinvestor.net/posts/2019/10/16/metro-bank-investors-eye-results-on-october-23rd-on-hopes-of-start-of-turnaround
Review of MEtro Bank and the Q3 results at https://contrarianinvestor.net/posts/2019/10/15/contrarian-investor-portfolio-review-october-16th-2019
Crazily undervalued i think
Penguins. Hmmm. You're a one aren't you. OK, Horse hill from existing back will produce 3500 bopd initially and then decline to 400 bopd in 2039! The NPV 10 is well over the current market cap. I can assure you sir I know the difference between resources and reserves. A CPR will come after EWT and horizontal flows confirming reserves. Planning is locked and loaded for 25 years. I know you hate UKOG as a share. But i really struggle to know why as yesterday's news confirms the new horizontal is likely to be spectacular. I'm not going to waste my energy arguing with you, just wanted to make a point for those who are thinking buying or selling.
UKOG and portfolio review https://contrarianinvestor.net/posts/2019/10/15/contrarian-investor-portfolio-review-october-16th-2019
This might help on valuation front. https://contrarianinvestor.net/posts/2019/9/26what-is-ukog-worth-part-2
I reckon 2-3p is reasobale on NPV and p/e front. Very undervalued at 1.2p, given recent news flow. Key is 25 years planning consent at HH. With all the hassle of getting planning in the UK for onshore wells, that was a major win for UKOG with Surrey planning committee in September. Everyone is talking VAST etc, but HH is a great asset in Surrey, just down the road from Gatwick airport and planning consent allows for up to 16 tankers a day i.e. 3500 bopd. Once all the wells are drilled by Q1 2020, 3500 it will be. Even in 20 years time the field will be flowing at an estimated 400 bopd off the existing pad.
Things ahead of schedule by a couple of weeks. 2 weeks for horizontal ?? well then flow for a week, then initial flow RNS . Given the geology and potential they’ll be choking back heavily as only 220 barrels in a tanker. 1000 bopd easy from horizontal. Very confident with this well- no cement or acid wash problems like the broadford bridge well. Good luck all #ukog . No
UKOG update October 15 2019 - coring operations complete at Horsehill and Live Oil bleeding profusely through sweet spot. Great to see ops going so well at HH. The lessons have been learnt from Broadford Bridge. 1.15p really is silly with 1000-1500 bopd from HH-2z in a few weeks and 250 bopd still being produced simultaneously. https://contrarianinvestor.net/posts/2019/10/15/ukog-update-october-15-2019-coring-operations-complete-at-horsehill-and-live-oil-bleeding-profusely-through-sweet-spot
#ukog shares down after positive ops RNS and oil price up ...huh! https://contrarianinvestor.net/posts/2019/10/11/ukog-update-october-11-2019-hh-2-coring-operations-share-price-does-nothing-despite-good-news-on-cores
I am amazed shorts are still open at this level with funding sorted and brexit deal at perhaps 70 percent likely versus 50:50 a few days ago. Risk reward on side of longs I would say unless FCA a disaster
Sorry my mistake as was rushing before a lunch appointment. title now corrected to sep 11. Meeting was today. https://contrarianinvestor.net/posts/2019/10/11/meeting-with-dave-bramhill-exec-chairman-of-union-jack-oil-ujo-september-11-2019-exciting-times-ahead
#UJO #RBD #westnewton Meeting with Dave Bramhill (Exec Chairman of Union Jack Oil) #UJO September 11 2019- exciting times ahead https://contrarianinvestor.net/posts/2019/10/11/meeting-with-dave-bramhill-exec-chairman-of-union-jack-oil-ujo-september-11-2019-exciting-times-ahead
Just finished with DB, very very interesting. Writing up article for contrarianinvestor.net. Watch this space. Funding, west newton, wressle etc. Exciting times. No confidentail information, lots in RBD placing docs.