Member Info for jollyspeculator

Fear you may be over-confident, P DYOR and not investment advice, of course, but, if management fails to hit (ambitious imo) turnaround targets this half, then there is a lot of white space south of £1.50 for this sp to fall into Profit shortfalls tend to come in bunches & turning things around is challenging gl to all & have a great w/e Jolly

Thanks jdr squared Borrowing from Ups1de's festive idea over on GBO, how about a simple sp guess for end 2013? I'll plump for 57p

Nice to have company here. Sometimes feel I am the only one to see little downside & enough potential to hang around. What is your rationale for holding this, if you don't mind me asking? Jolly curious

wise man / thoughts atb Jolly

A buy or a sell? (It's all down to seconds - look at the trading time!!) 4 or 5 times av daily vol within first hour. RPT has been zzzzzzzzzzzzzzzzzzzz for too long Jolly awake now

Doubt anything will be steady with RPT (been a wild roller-coaster ride, for sure); nice though to see recent up-tick Any thoughts on est tax rate for 2013 onwards? That's my main concern. Oh and licence (expires in 12 years, I think), general regulatory regime plus execution/technical know-how DYOR (and clearly not investment advice) but imo the central calc/ratio remains the eye-wateringly cheap P2: 151mmboe P2 reserves/US$50m+ EV (roughly/increasing let's hope!) If investors look at RPT at all - and starting focussing on that P2/EV (or EV/P2) ratio - then forget steady think booooooooooooooooooom Jolly excited

Yes, different value proposition here in TRE GL & atb Jolly

check out CCE & the continuing horror of CERs Have a good evening Jolly

I am sorry that I cannot help you re news. It must be frustrating. DYOR and not investment advice but I am relaxed and patient given ownership's (ORA and the other two ii) oversight of management; low opex; tax losses and possible legacy assets

don't hold you breathe!

Gratifying that you should read my post with interest. Much appreciated. I agree that sp formation is disconcerting and mildly chaotic. I also agree with the gist of Saw and Sharma's points/posts (better knowledge of cr*p & comparators). GL to all

Argo Group Limited launches new hedge fund Argo Group Limited ("Argo"), the emerging markets focused investment firm, announces the launch of a new hedge fund - the Argo Local Markets Fund ("ALMF" or "the Fund"). The Fund will seek to invest in a portfolio of bonds and currencies from a universe of over 40 emerging market countries using a long/short approach. It is being launched with an initial US$7m of seed capital.

Key Highlights for the six month period ended 30 June 2012 - Revenues US$3.9 million (six months to 30 June 2011: US$6.2 million) - Operating profit US$0.7 million (six months to 30 June 2011: US$1.0 million) - Loss before tax US$15.3 million after a one-off goodwill impairment charge of US$14.9 million (six months to 30 June 2011: profit US$1.2 million) - Net assets US$26.5 million (31 December 2011: US$43.4 million) after dividend payment of US$1.4 million

don't wake the baby (trading volume sooo loow)

cannon/cavalry - those decent "sells" probably were buys.....

shorters and stop losses ..sp needs the muscley long-termers to trundle up with the heavy cannon and buy big(gish)...only a few £10k would probably stop the rot...

with looow volume (just 5 days this month with over 100k aggregate of daily trades & that is only 20% of 3 month average); I wonder whether the mms doze off? Interesting to see whether - with such limited volume/resistance - shorters (or stop losses) can drive this down to 20p, even without negative news S & A, I'm a sub 20p man now

back to 1.5 - happy days

but fascinating

Welcome to the outer-reaches of my portfolio! Very interested in your perspective Mine is:- I like net nets and include Argo as a quasi-net net (quasi because its main asset is an investment in its own fund which is not quite the same thing as cash!!) I am not investing for yield (though divs clearly reduce my exposure - they also increase liquidity risks for the business). No, this a punt on E Europe really (B Sea in particular). I respect the way the brothers seem to be managing the business thro' difficult times and therefore (given still profitable) see this as a discounted investment in TAF. With growth in general AuM as cream on top. DYOR etc etc Jolly patient/relaxed