Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
So all you rampers have failed to even so much as mention any tax on potential, and I reiterate potential, oil revenues
Guys, I may be slow off the boat (very funny program if you have not watched it) but I hold a fairly large shareholding here, bought at a considerable premium to the existing price, so believe me I want the price to rise. However, I am not a ramper nor a gambler and this is very much what this share remains despite all your ramping. Just sounding a word of caution should anyone non invested be thinking about taking teh gamble, it is a gamble pure and simple and as for the fact that US co's have agreed to plow a couple of million pounds into the Falklands is hardly going to dictate US foreign policy - this is complete drivel 0- the security risk to the Falklands remain very very strong with their President beating the war drum and unilaterally withdrawing from all agreements to share oil revenues. This is also a risk to ones returns as the Argies will definitely at some point get something out of all this speculation should it come good.
Guys, no amount of hot air is going to change the fact that this share is akin to playing the roulette table and putting all on black. If that is how you like to invest, this share is for you. This is still an extremely risky play with absolutely no business should it go wrong in an extremely risky environment where the Argies have torn up their agreement to share in oil proceeds with a view to getting it all for themselves. Do we really believe a UK government is going to protect the Maldinhas come what may. That is a pretty major assumption and dnt expect the US govt to come to the rescue when they are pulling out of everywhere else. I used to laugh at my mates invested in RKH and co and how they all lost their pants and unwittingly got involved here through circumstances. But make no mistake this is a very risky play and like everyone else, I still hope we come out trumps but unlike some have inferred, I am certainly not retiring on the back of this one!!! Only plus side is that the institutions got in at much higher prices. Do not see the share going anywhere soon.
Just said the plans of the boards re Noble and Edison were rubber stamped and passed at the Extraordinary Special meeting in the Falklands.
from my screen looking at trades since the 24th there were 291 726 shares sold and only 140 794 bought which suggests that investors who got in at the bottom are already taking profits and explains why the share price is dropping, just surprised it has not dropped more - thinking of buying more to reduce my average price paid and then sitting back and hoping! what to do what to do.....
The amount of Argos shares traded in the market mean that the share price derived from the trades of mainly tiny little investors searching for a quick buck are completely meaningless. Its why all the comments on this site should be disregarded and taken with extreme caution. One should not be investing in a small cap like this one unless you have a long term view. Cant understand why anyone would want to pay all the additional costs and charges and use futures and options when buying stocks like this - over the long term the person/company writing the option/warrant will make money and is not in business to lose money, in the same way as a bookie will write business to always come out on top. Beware these shares despite which I still think Argos is a good long term punt and at 6p might even top up too bring my average price down. Only caveat is I know at least 5 mates who have all been scolded with Falklands ramping losing more than their pants
The only other share I follow on here as its a small cap is Argos Resources who have just done a great deal securing 5% of all future oil discoveries with US group Noble Oil. Shares have actually gone down on the deal and like Helphire/Redde, the price is mainly dictated by very small trades/investors cashing in and out looking to make a quick 50 cents before settlement period. Very similar to Redde, where I am nursing losses of a fall from 25p to 6p - Not very enjoyable. Knigel, you and I must be the only long term holders of this share on here as I see all the names commenting are newbies. Must say looking forward to the 6% divi being paid soon.
Must say, I was a large holder of Helphire and through a mistaken communication, still have some shares in this entity, now Redde. By continuing to buy on the downside 2011-13 I was actually able to turn an ugly duckling into a swan and this share has surprised and puzzled me and confirmed how little I know. The 6% divi is very welcome and the company is doing all the right things. Having been on the end of their services the business ethics are questionable, but this is true of casinos and other such businesses. I am going to continue with the ride for now and long may it go forward.
Sorry have not posted for a long time and only just became aware of this deal. In my view this is a great deal, though not for all the rampers/derampers who seem to troll around on here. Firstly I do not believe one should be investing in oil co's with short term intentions, far too risky and may as well go to the casino. Just look at how BP shares are down. What this deal has done has limited the downside exposure of raising additional capital / loans etc, while securing a 5% royalty on SALES not profits going forward. This is a big distinction and if you look at most oil company profits as a % of sales they are no where near as high as suggested by a previous poster. When originally a deal was done with the Argentinians regarding sharing oil revenues in the Falklands before they withdrew in 2007 unilaterally, it was believed there might be 60 billion barrels of oil in the four falkland basins. Argos has a large acreage and the play is whether or not they find oil. If oil is struck this share will become like an annuity paying out a yearly dividend that could singularly make you very rich. Alternatively, if no oil is struck you are sitting on something worthless. Just to clarify I bought in at 28p an amount that will make me a sizeable shareholder and have stuck with it, I believed in the company then and still believe the risk return ratio at that level of valuation is minimal. What other investors do in the meantime is up to them but immaterial to myself now as the company's future looks guaranteed to go one way or the other. The buying and selling of small investors in a stock valued at £13 million is actually completely immaterial to its real valuation and I do not even look at the current price with anything other than amusement. I invested in a similar stock Helphire where small investors drove the price massively down only to eventually see the share remerge as one of my best investments. The institutional long term shareholders take no notice, so why should I. Naturally I am lucky enough to be in a position to hold and see out the investment one way or the other. It is still a throw of the dice, black = discovery, red is disaster but given the cash flow potential f a discovery the rewards make this more than a compensated risk
Well I havent been on here for a very long time - older readers will know I held at one time a fairly large chunk of Helphire and was onto a massive loss - Fortunately kept buying while the share dropped like a stone and ended up doing okay out of it. I still hold a fair amount but have subsequently been on the end of their services - a company vehicle touched a parked motorbike leaving a very minor scratch - anyway to cut a long story short they got us for £3500 approx of hire charges for a replacement motorbike (while the very old at best £1500 bike) was being repaired - Complete daylight robbery and no idea why this along with whiplash nonsense of which I was a victim years ago and still allowed by an ineffective government - Its for these crooksters and ridiculous claims that we all pay such crazy premiums. So how does this experience effect my view of Redde - Still carrying £25K's worth having sold off over a £100K - will hold on to this while these co's are allowed to profit from people like myself - whole system is corrupt but if you cant beat it, join it - as for the management wht on earth they deserved new options etc having presided over a shocking prior period heaven alone knows - Disgruntled
Despite being seriously shafted by this co in their rights issue just as well I held onto my shares as now sitting on a much healthier profit, from at one time being virtually wiped out. Currently on the receiving end of their services where they racked up two months of hire (more than twice the value of the stationary vehicle we damaged without even notifying us) - minor scrape to a motorbike's bumper worth approx £1400 has resulted in credit hire of £3600. Something is seriously wrong here if this is really legally possible and we end up losing in court - How can the law possibly allow such tantermount theft to be possible - basically same as all these whiplash scams I have also been a victim of (or at least my insurance). Cant say I am feeling too happy about this co now I am on the receiving end of their grotesque services. Think my 1mill shares will be being sold very very shortly as soon as the "supposed good news is out of the way. Any business where you delete all its debt will look very different and as far as I am concerned the management in this co deserve ZILCH
Since I sold off 1/3 of my shares at being shafted in the rights issue finally looks more promising for the future and hopefully will get out of this nightmare share without losing my pants. What is equally disappointing is that now the debt has been wiped out management are pretending they are doing really well again. Way way simplistic and only wish I could do it in my own business but what God takes with one hand he gives back with the other. Despite all of which the fundamentals are better - Market cap nearly 60m of a business with virtually no debt and turning over 2 - 300M - even if they can only achieve a 5% net return that would generate close to 15M. I would like to think they are able to streamline and improve the operational model to achieve ultimately a 10% return on capital which will make all the nightmare of the past three years firmly destined to history
As a long term and long suffering overseas investor in this putrid company I got shafted in the rights issue which was not available to foreign investors, costing me approx 30% of my investment (wanted to sell and rebuy) - I think the management are thoroughly disgraceful and this sort of corporate action should be illegal whereby a minority of shareholders to all intents and purposes get shafted - may they rot in hxxx
The larger trade at the top with the wrong time is mine I believe, decided to sell them out and use the proceeds to fund the remaining shares in the subscription, which still leaves me with a hefty stake in the co going forward. Like you, all this co has done is trade very poorly and destroy value, cant believe they will use the extra cash flow being created wisely and sure they have awarded themselves juicy share options. if the share was not de-listing to AIM would have probably subscribed the entire amount, but they are not going to be very tradeable going forward. Only reason I am keeping them is for the windfall from the Autofocus case, which could see a very nice profit at some point in the not too distant future. Just wish I had sold them at 4p and then not had to crystalise a loss!!
If you are right and the banks have agreed a haircut of £30m, with an autofocus windfall to come the company will become at some point entirely debt free, which can only be very positive. The two together could see the co posting £10 mill profits in the not too distant future and only a basic pe multiple will have a value far above todays levels No clarification on Autofocus yet??
Was always highly sceptical of someone who suddenly appears on the site pretending to know something negative - seemed from day one he just wanted to drive the price down at a time when someone in the market was picking up any sub 3.5 p shares. Too easy if you are building a stake in a small cap like this to scare investors into selling out at a silly price - I still maintain that this share should be 10p if the remotest of a turnaround in profitability is possible - then I am off to the Seychelles
So, thought I would do a little more research on John Austin Rendell who now owns 355K worth of HH and over 3% - appears he lives in Devizes, Wiltshire and hopefully close enough to Bath to be a bit more in the know - It appears he may be in the education field and is listed as a Director of Downtsey's school and if it the same john Rendell sold another school called Potterlee. Anyway not sure if there is a connection. The John Rendell Downtsey School Director, which looks as if it is a school run and owned by parents since 2006 lists his occupation as Private Investor - Well I do not care who you are as a Private Investor, 3% of the shares represents a pretty fair whack of an investment and one is unlikely to do so without knowing or believing one knows something. Lets all hopes he is the Sage of Bath and will be proven to be bang on the money
3.85 my exit price having originally bought £20K worth at 60P so thank god I margined out on the way down - tempting to get out, but paid 60 cos I thought there was a good recovery scenario for a co making little profit on a large turnover. Valuation today is still incredibly cheap for a comparable turnover, its just making a margin on it thats proven difficult - obviously with insurers benefiting from fraudulent valuations, it might have cost HH a good £5 mill per year - would like to think going forward the industry is CLEAN and management can get the business to a half decent level of profitability - cant be an impossible task. So I am keeping my million plus shares until 6p when I might take some profit, but not before, its given me too many heart attacks by now to just get my money - come back to my old point, private shareholders account for a tiny portion of the shares so any price is not a real valuation of the company. Most promising is that someone had the courage to invest a wad of their SIP in this co and must think they know something!!
Maybe an institution auto selling at 4p - saying that nice to see even schroders has stopped selling out which is the main reason for the price rise to date - small investors still account for peanuts of the market cap so providing the institutions do not sell out the price may rise - As for a rights issue a lot of investors would be seriously annoyed and book real losses - personally I would hope that management after destroying so much shareholder value would not go down this path and what purpose could it serve - you still have a cost of capital and just pretend your costs have reduced - its very misleading - I must say 4p is my get out cost but holding out for 6 - 10p and will only review at 6p.
Accident Exchnage news is a major major breakthrough as it seems to suggest the insurers were complicit in the fraud.... the banks are being hammered with £500m damage claims on the governments instigation. Hopefully this may now happen here if widespread collusion was at hand. Would think the inmsurance companies would want to settle this matter ASAP - Under the new laws you cannot just simply pretend you were unaware the goods/services were "too good to be true"... At 3.50 I am starting to get deliriously happy and from a point when no one would touch this share with a barge poll, we are now seeing double digit growth regularly with wide volatility. I am still hoping to take a profit at 6p and possibly get out. Saying that will then set 10p so who knows