Member Info for jollyspeculator

are fascinatingly to speculate about...reckon as much cock up as conspiracy... ...Perhaps the Saudis are now trying to use the glut to discipline some of the other countries in OPEC (get them to take some of the strain of cutting production) as well as taking out some of the high cost marginal non OPEC supply (current and more importantly investment) for good measure ...the tipping point will be when the Saudis accept that oil demand is closing on its peak: that non oil transportation options (gas, renewables etc) are likely to eat into the value of its stored oil (under the desert)...then the cartel is doomed and oil prices will crash and reflect the cash operating cost curve (ie sub US$10/bbl imv) ...view of fairly seasoned geezer (but not employed atm in industry: oil, gas or renewables) lol

7k

OPEC said Thursday that it expected the current excess of crude supply responsible for plummeting oil prices to continue through 2015, despite a moderate increase in global demand. In its monthly report, OPEC said oil prices will continue dropping this year, as "bearish sentiment in the oil market persists as it faces an increasing overhang of at least" one million barrels per day. The 12-nation cartel -- which produces around a third of the world's crude oil -- says the slight rise in 2015 demand will come largely from reviving economic activity in North America and Asian countries other than China and Japan. However, OPEC expects next year's jump in demand will be satisfied by production increases planned by non-cartel countries.

yes...I am wondering how far the trend may take this ...30-35p? ..Would be pretty cheap down there despite the risks of the business cycle to recruiters

gl...cheap for a decent reason?

will look to load up c2-3p if sp is bashed down there (given significant headwinds atm)

revenue drop appalling (I agree with Arminius...which is a rarity lol)...year after dreary year CAP disappoints ...why is this "management team" still running CAP? Just look at the sp and see what investors think of their performance. Perhaps better if the BoD puts it up for sale, and give someone else the chance

20-30% flip ..Holding 100k ish ...which is plenty given how much still needs to be proved here

bought back 8k @13.3p ...looking to add

steady as she goes? (the effective bid seems to be rising)

hope all well...still holding 50k?

HNY...and part of the problem is management...or at least perception that management is good at one thing (looking after themselves), and not clearly good at building shareholder value ...and yet they are v secure in their jobs cos so few takeovers happen on AIM despite appalling underperformance ...begs one of those questions thrown up by the Witch: why should union bosses be kept in order when management isn't? ..imv, both should....perhaps AIM companies which lose more than [75]% of their value should be required to be put up for sale to the highest bidder lol

cash will be burned...and could be ages before the commodity market turns

perhaps shorters covering? ...I am also interested 150-180

lbg

matters more wrt Hanover's investment performance lol

yes...the margin expansion is useful, but this is a difficult growth story/terrain to navigate (geographically/culturally and the varying competitive pressures across the Matrix) ...key is management...Peacock is good, but is he committed LT enough?..would be nice to have clearer understanding of Hanover's exit strategy

perhaps wise...esp as yr motivation was a mojo trade ..guess plenty hopped on and off the train lol

just playing with a fag end here (I have been an investor since 50p days) ...not convinced about Hanover's intentions & not happy with opacity of financial reports

how to refinance the prefs? getting closer to day of truth