Member Info for Learningtoinvest

I honestly believe Lloyd's have bottomed out. You will of course get dips and some horrible results in the short term but as everyone knows with just a sniff off the barmaids aipron (ie return of the dividend) the shares will move north.. Even 0.001p would be welcome and symbolic. Personally l believe something will happen in 2021 after all dividends from blue chips are the back bone of pensions and in the end banks are the backbone of blue chips. Lloyds is a good bank l have increased my holdings over the past few months to over weight and will stay here for the long term. I don't expect miracles but l don't think 30-35p is out of the question in the medium term

Turnstone there are many here that buy and sell regulaly and seem to make profits. they tend to use cyclical graphs as a guide
which can be useful within a trading range.. but when the trading range changes you have to start again especially if the trading range drops and now everything starts with a loss.. l leave such gambling to the Maths Guys who seem to know what to do

I've been with 88 since about 2016 and at my peak l held 5 million shares but sold most of them at a loss and now hold 500,000. To be honest I'm glad l got out, bit the bullet and took the loss. I have no mortgage and have other investments so I'm fine.. I feel much more comfortable with a small holding of 500,000. If good things happen l still get something.. If bad things happen it's ok.. Over the years, I've seen many people here very upset mainly because they don't understand 88 and Aim or they are over invested. I believe the glossary presentations are aimed at the greedy.. To much emphasis on the billions of barrels of oil owned by 88..not enough emphasis on how hard it is to hit the spot where all this oil is... To often have we had reports of oily clay and water.. To often have we had financially weakening cash raises. And the latest order of the day the mighty Peregrin.. More of the same billions of barrels of oil
. Maybe this time we can hit the spot.. I won't hold my breath but there is always a chance.. After all that's why we are all here..

I've been accumulating Lloys shares, for a while. Banks have been seriously spanked with brexit, interest rates, and now Covid and unemployment not to mention PPI, dodgy dealings and many other negative trates. But in my opinion and l only speak for me. I believe Lloyds is fundamentally a good share with good prospects. But it will be a tortoise not a hare. I'm happy to stay in for the long term and eventual return of the dividend but there is no suggestion of when that may be.. Look at it this way. People need bank cards, loans, mortgages, and all the other services banks offer. But banks are currently in mire at the moment but it won't last forever. The Black horse will continue to rife

Thanks guys

Why does our share price not translate into dollars on NYSE if it did we would be £13+ not £11+. Thoughts please

Can anyone tell me why the UK price is much lower than the UK price. Its rough £10 =, $13 but the American price is around $16

Only the other day l was talking about keeping them in the bottom draw and letting the rights issue take its course but I've had second thoughts. Recent press has emphasised the rights issue will half everything in value. I understand that but decided to sell and take a 10% profit and maybe get in again after the rights has settled down. I still think this is long term but for me I'm out for now.. Good luck everyone

In my opinion everything has been hit hard by Covid19 nothing more so than travel and leisure but big Companies like IAG will weather the storm getting money and a rights issue are being dealt with without the fuss you would get from many lesser companies. Yes it will take a while to get going again. Yes there will be large portions of debt but people will fly again and fly again in large numbers. I bought at 190 and watched them fall to the 150s and now back to 2 quid. For me this is a good investment one for the bottom drawer to look at in 2-3 years time when things are settled and the discussions will be about increasing traffic and starting to pay dividends again

I wonder if the lady resigned because she was sick of empty promises just like many of us long term suffering shareholders

Berenburg suggested a share value of 300 down from 375 im sure that takes into account the rights issue. I know its only an opinion but its a long way from 100 which is being suggested here. I recently bought in here at 190 l bought for long term. They will come back l have no doubt at all.. The question is how long will it take with Covid19 and how much will it cost those are the unknowns

Beautiful Glossy document, Convincing positive 3D pictures, Free farm outs, Billions of Barrels of oil Due to 88 with Successful farm out.
What could possibly go wrong? oh yes and a strong balance sheet we always have one of those..
Cash Raise?... How dare you!!! wash your mouth out. you dirty filthy nay sayer!!!
No doubt DW will provide the entertainment and convincing storylines with his annual visit to the UK
l suppose a pie and a pint for fans is good value in the long term
The best bit is that all the experts here say yes we can make it scence proves it.. They are of course correct we can make it . But then like the Sinclair C5 we always fall short of the mark. Usually with Oily Clay or Oil in water or Oil a few hundred yards up the road.. But so far nothing from our drills
Next step 1 or 2 needle in a haystack farmout drills and hope for multi billion barrels of Oil result
Did l miss anything?

I've been with 88 a long time now I've seen it go to 4p and now at one quarter of one penny. I've seen failure after failure balanced with pretty pictures showing billions of barrels of oil due to us. Clearly the pretty pictures and science are there to keep us interested. I suspect the 50/50 odds everyone talks about are more like 10/1 or even 100/1. I've sold 90% of my holding here a few months ago but kept a few in a hope against hope that DW will still come up with the goods. Sadly there seems to be no light at the end of the tunnel no doubt the dreaded cash raise will rear its ugly head in the near future. On the positive side we will soon have two duff companies merged as one duff company. Can we recover from this disaster? I hope so

Super fund account. I think that says it all

Oil up 88 down
Merger Progress - Buying similar land at a premium
Lots more pretty pictures to look at
DW good at contracts - yes hes signed a few already.. Better share price for 88? NO!
HRZ a dark horse - so dark nobody wants it

Brombard.. Splitting hairs over the accuracy of 9 billion shares? Really? Fact is we will be slightly under at or slightly over 9 billion shares. Bottom line that is absolutely dire but for regular weather beaten share holders not in the least surprising.. I can now see where the guys that say rinse and repete get the phrase from because it seems to be true with Duster Dave

I have been here a long time now like many here I was heavily invested and found myself with a massive paper loss much worse than ive ever seen it. Many years ago I was in a similar position but the company folded and I got nothing, I vowed if ever got in that position again I would sell and get somthing back. I got a mere £11.5k for 4.5 million shares so ive actually lost around £55k but its done now and I actually feel much better now. its a weight off my shoulders and I will probobly reinvest in blue chips. Im still holding half a million shares here. if the price goes up I can still benefit. if it goes down it wont hurt. GLA

Nobody in particular, There are many here that believe DYOR is the answer here. I do not think its valid simple as that.
After all nobody here has discovered anything earth shattering just more of the same. Links to articles Links to stats etc which are irrelavent but in many cases are taken as positive and very relevent to 88 and what we are doing as a company. Really??
I think the worse misrepresentation in this whole affair is DW describing the venture as 50/50. Clearly with hindsight it was a lot less than that I dont want to put a number on it but 50/50 in my opinion is far from accurate.

Ive just sold the vast majority of my holdings in 88 .. I felt it was important to salvage somthing from this depreciating asset wthout assets. Im holding on to 500,000 shares just in case because you just never know.

51 Dollars a share next year thats brilliant but how does it help an oil exploration company that cant find oil?