Member Info for ihavenoclue

There are a lot more opinions about ACG on there but take a lot of it with a pinch of salt as a lot of ramper on there too "Most of the industry was expecting a 35-40% reduction in fees. 21% is actually pretty good and factored in already. The business is worth substantially more than it is valued at. Accuma is not just IVAs. They have a loans and mortgage business with 3 acquisitions last year. The y have no debt and have some money in the bank. Remember with IVAs the revenue stream is for 5 years - all those clients already paying into an IVA will keep paying for 5 years providing a good income stream. The worm has turned imo."

I had been watching ACG for a few months now and decided to jump in buying mine at 17.5p as i consider them a good long term recovery play. I was thinking about buying ACE instead but i feel this has been more oversold than ACE. Yes ACG have issues but i feel they can work through them in my honest opinion ... if you have patience ... a LOT of it .. you may even make your loss back. A company making £2.4 million profit with a market cap of £6 million was a good buy ... time will tell if i am right or not.

to me "around this level for months" means a share price hasn't really moved. In the last few months this share has had a low of approx 6p and a high of 21p. It hasn't even really stayed at one level for more than a week or so.

BLR are even smaller than they were a year ago. I do not feel that BLR decided on this course of action ... i think they were forced to consolidate by larger investors. The same thing happened with FAO and in the end they were unable to raise the full placing and got gobbled up by BLVN. I feel BLR are a small target for a larger O&G company ... why put money into a placing when you can just buy the whole thing for £5 million ... or maybe even half that if it all goes tits up !! If anyone wants to get in to BLR wait until at least after the consolidation ... i am willing to bet that within a few months the SP will be 33 - 50% on the consolidated price.

on gearbox's word. Take a look at his post of the 30th May 06 where he said the share would be back up to 6p within 10 days and the ship had steadied. Instead it dropped to sub 2p over a period of 11 months. Avoid this one at all costs.

The way the board treated the news last year that caused this to drop from 6p to 2p amazed me. They didn't give two shits for their shareholders and screwed them without a second thought. Be warned anyone who is thinking of buying into MDY ... the board are a bunch of arseholes !!!

CHP and GED currently have about the same market capital. GED is a producer, making a decent profit, just had a reserves upgrade and a find double that they expected at Primavera. CHP currently have mounting losses and not much else. I know where i would put my money - and have done.

And what will get them through that time ? They are still spending money with no money coming in. Looks like more share placings and dilutions before then IMHO

Storm .. CHP has kind of shocked me the last few weeks. it touted Primavera as 400 mbo and a price per share of 120p ... which so far has turned out to be utter rubbish and blatant ramping from the old CHP board. That being said it does seem to have support around 6.5p for some reason. I am not saying CHP won't come good in the long term but there are a LOT better undervalued oil plays, that are producing so lower the risk, than the extremely risky CHP. GED (hold shares)and PELE(currently not a holder) being two of them. The new management do seem to have a lot more experience than the "bunch of miners" from the old CHP but one thing does worry me ... If Primavera was seen as a huge asset by the old board then what do the new board make of the other CHP's assets ? They shot themselves in the foot by rubbishing Primavera as then the market starts to question all the other assets that the old CHP management wre involved with - perhaps even including the new Fenix block. As riskypete says ... a very high risk possible high reward share ... just the kind i now steer clear of. I do wish all holders well though. Regards IHNC

I think you did the right thing. Can't see CHP doing anything for a long while now. A lot of people were anticipating the new licence to revive things .. not when production is likely to be 3 years away. IF CHP survive that long ... we both know what can happen to an explorer who keeps having placings even after great drill results. I still think CHP is still a little over valued. I am only in one oil share currently and that is GED, it is currently 20p lower than waiting for results on the first drill, that was a duster, and then the second drill doubled the target for the whole drilling campaign. I am expecting one or more bits of farm out news to get more prospects moving towards production that will reverse the long term trend. Have a look at it. I am also in ACE ... i bought in first thing tuesday morning at 111.75p .. yesterday i watched the tree shake and put in a buy at 130p and got it at 129.5p ... so i am happy with that size holding now ... still not sure what strategy to take but long term it looks amazing from this level. I also hold ORM ... SP hasn't done anything in a while, last year jumped from 12p to 23p ... it is now back at 12p and closer to production. Expect good news with the results on 8th May IMHO. Good luck with all of your holdings .. and yes, always remember what is most important in life. Regards IHNC

Your head tells you one thing and your gut tells you another. In the end you go with your head and press the BUY button. Sometimes it pays off but most of the time your gut is right. I gambled here on friday hoping the second well would hit oil ... we all know it didn't. I sold tuesday first thing with a loss of 20% and using some GED, which i bought at 86p, i bought ACE. My gut was wary but my head said "go for it" !!! Ace is flying so sometimes the head wins over the gut. What other shares do you have swampy ? I am in a few good ones and have a few more i am keeping my eye on. Regards IHNC

I was going to buy these about 4 years ago after seeing a tip in shares magazine. HSBC did not deal in them at the time so i didn't bother buying. The price at the time was 3.25p per share. Ughhh these type of shares are the kickers !!

See an explorer as a large risk ... it has nothing to fall back on when things go wrong. In oil investment i look for producers with exploration upside to invest in.

I started buying at 130p and bought more the more it dropped so average 105p. Then yesterday when it was still below first pre drill price after thw 1000bopd find i bought more which brought my average up to 110p. I may sell some at a 50% profit soon hopefully and keep the other half for the long term. Results tomorrow and hopefully a broker rerating will keep this heading north. All IMHO Regards IHNC

A great day at GED and no one here notices. Still VERY cheap in my opinion. This reached 170p in Nov pre drill and today they doubled thier oil target in one well. Results due on thursday and a good rerating due from house broker. All IMHO DYOR and have a look at the fundamentals. Regards IHNC

GED is a LOT less risky as it is already producing and just looking to up its production with the current drill campaign where as CHP is a lot more risky and is a "jam tomorrow" share. Having said that if GED make a strike then CHP should benefit, even before they start drilling, as they are in the same area of CHP. And if CHP do hit big then they stand a much bigger chance of multi-bagging from this point than GED. But i learned from risky shares last year so i have 20% in CHP and 80% in GED. Does that answer your question ? All in my honest opinion Regards IHNC

I jumped in today for a very small speculative punt. If it crashes and burns then i won't be hurt too much but like others i have it has been overly done when the market already knew the picture wasn't rosy. Having said that it may drop to 5p in the next few days - well i have paid my money to take my chance. Good luck all holders

Either i am missing something huge or this share is a bargain so close to drill results !!!!!! Nothing has changed since its 170p+ high except that it has now drilled and awaiting results. It has a first target price of 180p which only covers 2/3's of it's assets and oilbarrel.com seem to think it should be a lot higher too !! Any views ???? Regards IHNC

You say HI is April to June but it mentions H1 March on the RNS. "LONDON (AFX) - Chaco Resources PLC, the oil and gas explorer and developer focused on South America, said it now expects to spud the Cachapa #1 well on the Primavera block in Columbia in the first half of March." As far as i can see it is just a small delay as the previous "renter" of the drill has over run its drilling campaign. It happens a lot and to be honest i prefer that way i.e. number of drills not number of days. Imagine if CHP were on to something good and thier days ran out and the rig had to be moved on. Chill out .. the delay is normal .. no big thing at all.

I was in PELE at 22p and sold at 27p before it drifted. I was going to buy back in at 24p but had no cash available. The next day it rocketed so i was very lucky to buy in on friday at 27.7p thanks to the director selling. ( Mr Gay left the company and took some cash but left a significant amount in) If the reserves at Serrafin are larger then this one will fly. Serrafin will become a very nice earner for PELE. Long may this flow of good news continue.