Member Info for Indy0105

Yup, this is being dumped now. Should have waited before jumping in with my second buy. Still got cash to to average down but will wait it out now as I’m not willing to put more in when share price is in free fall.. Admittedly I didn’t judge this one we’ll at all!

3.05 needs to be cleared today. We have the 8EMA, 100EMA both at this price. On the hourly chart the 50EMA is at 3.05. It’s looking oversold and it’s had 2 attempts now to break 3.05 and it’s been dropped back down each time. The downtrend will continue unless these are cleared. Then I’ll be looking to add at 2.50.

https://www.google.co.uk/amp/s/amp.ft.com/content/3c9dc06c-a14a-47c5-a67c-e58b8f055455

I thought that at 3.18 and 3.05 but it kept dropping. I’m not sure all the selling is done yet. We need to break 3.05 before I have confidence of the move back to 3.50+. Locked in holders now selling their shares may keep this down for a while longer. I’m holding out until I see some momentum to the upside.

Does anyone know when they will provide an ops update?

Yes maybe this is correct. However there has been a sting of good news recently. Delivery Hero buying shares, Amazon partnership, now partner with Aldi. All of this should be adding to growth. They have plenty of cash so I’m surprised to see it drop from £4. Frustrating but the bottom must be close now. I

Mondays price action here should be interesting. If it rises and stays above the 100DMA we should see a nice reversal and a move back to high 300s. If it drops below 300 then my buy in price at 3.10 looks like a bad call. Amazon news had no impact. I suspect the next update will be the catalyst that proves the investment concept. Amazon made losses for years because they mass invested in growth. Roo are following the same strategy and it should hopefully pay off!

Well they hold a lot of cash, 1.5 billion I think so value including cash is actually 3.5bill. That’s cheap in my book. Revenue and growth is still increasing despite the world opening up. I’ll be surprised if we see sub 3 again but I have cash ready to buy more.

I’m surprised to see this back at this price but another opportunity to make 15-20% very quickly. Looking oversold on most indicators.

I don’t think the results are that bad. But the hedges are a joke. Brent is at 75 and they have half of 2021 and 2022 production hedged at an average of 61. This and the lower production forecast has taken the shine off the results. Although production in H2 will be higher, capital expense will be double that of H1. But note a pretty hefty tax bill to cover Chrysaor profits that will be covered by all those tax losses in H2. Admittedly I’m a little disappointed but overall it’s a solid start. Lots of investment in existing and new projects as well as exploration so plenty of news to look forward too. Most O&G plays are either reducing production or trying to maintain it to cover massive amounts of debt. HBR are one of few that are looking to ramp it up.

Sorry yes typo 35p is my target which is £7.00 post consolidated.

I don’t often message on these boards and only pop in from time to time. Always the same village idiot talking oil down. Next week this will break out of its trading range and start moving up to find its true value around £3.50. I suspect we will find out about further deals as this company is throwing off cash. Aker BP is very similar in size and is valued at 9 billion. By the end of he year I suspect this will be worth more. I hold £250k at an average of 20.5p. It’s a solid company with a good board run correctly for its owners (SHAREHOLDERS). Forget the noise and be patient. Oil companies are lagging oil price, so it’s only a matter of time before they catch up.

Either a big buy order is being filled or the cats out the bag and investors know an equity raise is in the way. This should have opened 10% up. The fact it didn't shows that big money knows a placing is on the way. Why else would PW dump most of his shares and decide to take salary in BTC. No risk to the share price down side.

Did you consider a production increase of 20% this year?

This is a ftse 100 company in 12 to 18 month time

Can someone explain the court case going on between Ferrexpo and Ferrexpo Poltava Mining and how that impacts the company and its share price.

Eurofinleading Already owned more than 5% see RNS on the 29th of July. Eurofinleading Apparently own 1AF2 S.r.l. But according to companies house equivalent in Italy, TAG OWN IT! This is what da was trying to highlight. You can check yourself on https://www.dnb.com/business-directory/company-profiles.1af2_srl.98863bf94b487c79f98121d6f4efb93e.html

*know why?

The ask has increased to 27.0 but the bid has remained at 25.5, hence the increase in SP. I've noticed this on a few companies when the shares that are illiquid. Does anyone now why?

Mithril, I also picked up on this several weeks ago. They may not need to tie back to WOSPS for additional Lancaster production. If this is the case then you can see why they have decided to drill 8.

DK,

https://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:2&year=eq:2020&limit=0&search=1