Member Info for jedclampit

OK so we are at the HSBC reduce target of 90p , can we now start to move up.
It's funny isn't it that you can get 3 /4 broker price targets at £1.20 - £1.30 but as soon as you get 1 broker with a much lower target BAN down the sp goes, like sheep !!!!!

Finally, we are also pleased to have received an extension to the Matanda license for which we thank the relevant Government of Cameroon departments and we have started the well planning process for a shallow well to target one of the many Tertiary prospects, most of which are within a few kilometres of existing GDC infrastructure.
So it looks like they are getting ready to drill again,
Who are they going to use for drilling
How much is that going to cost
Where is the money coming from ?
They are already in high debt, Eneo still haven’t paid them
Looks like another placing very soon, so what price 2p--3p--4p
and millions of shares so another consolidation ?

I think any where near £1 is a very good bet, after all we are already 1 month into the last qtr and by end of March they are looking at £150m+ trading profit so £1.20 sp should be no trouble.

Today we have the ftse down what some 80 points and many of the main shares I thought would be down are up but Food
PFD which should be safe is down , who knows what's going on.

Another exceptional quarter of trading, now expecting Trading profit to be in the range of £145-£150m this year after increasing Q4 marketing investment, so the way they are moving I bet they hit the higher end of £150+m and that's straight from the horses mouth as they say.

So 45p- 53p and 107p - 130 p how can all these brokers be so different and what do we make of them

BERENBERG CUTS ROLLS-ROYCE PRICE TARGET TO 130 (140) PENCE - 'BUY'
JPMORGAN CUTS ROLLS-ROYCE PRICE TARGET TO 45 (50) PENCE - 'UNDERWEIGHT'
GOLDMAN SACHS CUTS ROLLS-ROYCE PRICE TARGET TO 107 (122) PENCE - 'BUY'
CREDIT SUISSE CUTS ROLLS-ROYCE PRICE TARGET TO 53 (59) PENCE - 'UNDERPERFORM
Looks like they are all out today.

I cannot believe that after an rns stating the revenue down some 15% we are trading up today at 7%.

AC777, yes it does make good reading and very interesting but like all stocks there is a certain amount of risk involved when buying or selling shares and if you were to buy a 100% dead cert company with no risk at all you probably couldn't get hold of any stock and it would be so high in price only the city could afford to buy it.
The market the city makes it's wealth by buying and selling and that involves risk, the more the risk the more one can make or lose and it's also about our/ your wits against others to make the money.
With regards to pfd they have unfortunately been under a certain amount of risk for the last 6 -8 years when they borrowed too much money to grow their way forward just like bank of scotland and all came unstuck by greed. But since pfd have sold off large parts of their business over the last 3-4 years and brought down the debt pile the future is looking much better to the point where now they are looking to buy more brands to rebuild the ranges and make more profit to reduce debt even more. Life is a gamble.

Like all I hope this carry's on going up to maybe 10p but I don't expect it to go very high until we get the real approved license through then it would be nice to see 20p+

As I have said before I have been in these for about 8-10 years but I have NOT held the same shares for all that time.
I have bought many times and sold many times and being up many thousands of pounds in the last few months, infact I sold all the shares I bought at about 60p then 80p at over a £1 and bought back in at just about £1 again last week and this week knowing they will be over £1.10- £1.20 very soon. We all have our own plans and as long as we are happy with that it doesn't matter what others may think . It's all a big game and as long as we get some enjoyment and cash benefit out of it we will all carry on.

Thanks for up-date but no thanks on all these methodologies?
Over the years I have learnt not to pay any attention to all these brokers as they normally know less than people working in the companies you are interested in,
Many years ago I used to follow some but quickly learnt they were just gambleing with money and often putting out negative reports and then buying in to make money for their companies. But it's always of interest to read these reports as they sometimes know more about what's happening in the months ahead. Best of luck.

But we all know the city shorters will try to take this down a little more, maybe to 65p.

I have been invested in these for about 8-10 years and never look at charts, just gut thoughts and food market knowledge.
If I think it's right then I just go with it providing we get all the info out there. simple

Sorry, should say insight

Yes hold on I have my £10 ready to go.

Sorry I see this different, It's a report of a traded company that has a direct affect on a companies share price and as I believe already been made public to the city and others but not the pi's and as such should be made public to all.
Or do you see this report as private and only to be seen the the city to trade on it without the general shareholders getting any insite to it.
Why hasn't this report been made public already and put out there for us all to see.

I notice this section in the up-date.
The merits or suitability of investing in any securities previously issued or issued in future by the Company for any investor's particular situation should be independently determined by such investor. Any such determination should involve, inter alia, an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects of the transaction in question.
Does that look like they will not be held responsible for anyone losing money in their shares if/ when they go down.?

Hi there ,You say you got hold of the 20 page HSBC analysis but you cannot post it but can you just tell us what price target put on pfd, was it £1.50 or £2.00 ?

Yes all looks safe for now, but it just goes to show that with only £51m left in hand after the £139m raised, they would have been in real trouble cash wise but now looks like it was the right move.