Member Info for jockosjungle

MAM - The only real growth I see in UK stocks is from corporate raiders after some cheap stock. I only got into stocks in the last five years or so when interest rates were shocking and my meagre savings were getting less than my mortgage. Overall I've done alright but now I've got my SIPP and a few speculative buys I know a fair bit about and will be in them until I win big or they go under.

Nigel - totally agree about the spread. Wife got some Rockhopper shares, thinking she's done well as they're up 10% (when this was about 0.5p), well they might be but realistically you couldn't sell them for that.

Celle - It's not strange if you think about it, it's only gone up 6% based on what it closed at yesterday which was 19.6, which seemed to be based on a couple of small trades at the end of the day. If the LSE thing had ignored about £2k of trades, we'd probably be about where we are now. You seem to get it a lot with a shares that aren't traded much.

I recall with 88e which I invested in (and actually made some money) people would jump in at the high end expecting news that never came, for a few weeks they went on about being a LTH, for their retirement, this time next year we'll be millionaires, etc. Very quickly after that when the share price collapsed, they quickly changed their tune and it was all "Duster Dave" and so forth.

With RKH I would expect there to be a good few ups and downs.

That would be nice, I just can’t see how that information has leaked and justified the share increase but also not yet been released, this activity has been going on a few weeks now.

Doesn’t seem like any news is imminent, the Falkland Islands Govi is about to shut down until new year so don’t imagine much will come from that end.

Doesn’t seem like any news is imminent, the Falkland Islands Govi is about to shut down until new year so don’t imagine much will come from that end.

LTT - I wouldn't call it insider trading either, I'm not sure what the term is. It's basically public information that is so minor that nobody really notices but it all adds up to being a little closer to the oil flowing. They stuck a tender out for a few things a good while ago, presumably someone tendered for it (or they'd have put it out again). If you stuck out an RNS for every single minor contract vaguely related to your company, everyone would be sticking out an RNS ten times a day.

The rig news, etc. It seems to now be moving on a level from what my Mother would refer to as "big talk" to some things actually happening which require some financial backing. I worked as a civil servant for a number of years, so got used to everyone just talking s*** but nothing ever getting done.

Ovets - The article I vaguely referenced was basically the need to borrow money for capital investment. I'm sure they could service some 50 year bonds or something with what they have now. But basically the receipts mostly come from fishing, either CT or the fees they collect. They decided to not have a second Loligo season this year, so I imagine those receipts will be way down this next year.

They'll need oil to keep up with the spending needed and a decent cashflow.

Hopefully we will get some serious news, but personally I think it is more likely little bits of minor news, that probably won't be generating an RNS. There were various tenders that went out some time ago, heliport and accomodation, as previously said, if you'd heard you'd got one of those contracts, maybe you'd buy a few shares. Nobody builds a heliport for no reason.

Always going to be a major risk it won't be developed making the shares worthless, but I've always thought of it has "how likely" with many little things giving me the view it is getting more likely with a view to holding more shares and my 11p average being a good investment worth holding. Certainly we've more chance of this being developed than when Premier had it and RKH also own a little bigger slice of the pie. That plus Navitas seeming considerably more eager to develop is more than enough to justify the 20p share price.

But here is hoping for some more solid news. I don't live there anymore so no longer get the fun of seeing Sam Moody in the Malvina (he must have bothered to come for some reason, maybe buy a few more, etc.)

Front page of (last weeks now) Penguin News has an article on FIG borrowing money, £150m and mentions they've not figured oil into a future budget. I guess that is prudent to say.

The Squid doesn't seem to be making the money it once did, CT take is down. It seems to need a bit of oil to make ends meet.

To be fair the Globe Tavern has closed down (just checked with a friend who knows all the pubs well), apparently the rumour is it's becoming another wine bar. Squaddies were banned from going in there at one point, so that probably didn't help its turnover. Also its Crozier Place.

In all the time I was there, I never once went in there. The only draw I ever saw was there was a pinball machine I could see through the window

I have a friend who had about 50ml of Falkland Islands oil in a glass cube, guess they were given out to worthies in the FI (probably to her husband), I always used to admire it but she never took the hint and let me have it. It was done by Shell I think, possibly from the 90's.

Not sure what I predict, when share prices rise rapidly, I'm just happy to not see a fall. That being said 22.72 would see me on a 100% rise, so will go for that.

Any chance we can keep the chat vaguely about the shares, trying to sift through 100 posts (as we got yesterday) with a good portion about politicians with nowt to do with this will get tedious very quickly. When a share gets a bit of traction, it seems post counts always go up a lot, but seldom seems to be discussions on the share.

Yeh if the company you work for gets a contract in the FI, they’re obliged to give you a bit of a heads up I think. Wouldn’t take ten mins of research to know who you’re ultimately working for.

A few chunky buys in the last few days, more than just taking a random punt I think

Hard to get used to the percentages, a 0.6p raise is now only a 3.17% rise, and I’m still in the share is worth 9p mindset.

Wonder if we will get some news

11.36p for me, but I sold out when they got that award but began to buy back in when I saw an improvement in the likelihood of oil actually happening (admittedly very Falklandy modest things). I'd like to say I'll still be in when it's £5 and the oil is pumping, but I imagine I'll have decided the house needs an extension long before that. I'm also fairly risk averse in my modest portfolio, I can never decide if it is to my detriment or not, I think I made money twice of out of 88 Energy because of this, but I also stopped looking at the Rolls Royce share price some time ago (when I banked 40%).

Bit of an article in Penguin News this week, really cracking headline of "More Oil in Sea Lion than first thought" but don't see the article is giving us any new info.

I don’t see how you can keep it secret, but if you found out you’d won a bid to go do some work on it in the FI, you’d buy a few shares

I'm up about 4% if I sell today, and that's mostly because I've averaged down quite a bit. Think I'll see where it is going though

Penguin News reported on the oil public meeting, good to see MLA's seem to have broad support for it and are concerned about the FI coffers with the downturn in CT receipts. They also refer to financial repurcussions for pulling out of contracts. Sounds promising

Penguin news reported CT receipts are massively down this year, from a bumper year last year. They keep messing around the Fishing companies which would be the massive bulk (they had a good year last year)

"DETAILS of Corporation Tax receipts were reported in the Standing Finance Committee meeting on Wednesday. In a document circulated prior to the meeting, the Bridge between Year to Date actual and budget showed a positive variance of £2.1M. FIG are predicting a £14M reduction in CT revenue by the end of the financial year, even though at the end of August they had a positive variance. That means FIG are expecting to receive £16.1M less in CT receipts than originally budgeted for the remainder of the year."

They probably could do with a few oil contractors filling the coffers a little.

The £250 bingo win was cold hard cash!

Our £290 OBC is nearly gone, helped by two build your own Shaun the Sheep’s for £22.99 each (described as nominal fee).

Went last year and impressed again, couple of niggling issues I had last year are a bit better, bit easier to get a drink but the custard remains awful

On here at the moment, feeling pretty good winning £250 at Bingo!