Member Info for Loveapoundnote

I think another up day but the momentum tailing off.

Doesn't matter to me now. I have a spread bet that is up from 220 yesterday for trading cash and I have acquired a fairly substantial amount of shares as a long-term holding at 210 yesterday - all with the money I made from shorting the stock when it was inevitable it would go down on Mon/Tues/Wed.

Thinking about closing the spread bet tomorrow or Friday - will see how the momentum moves.

BTW - before I get criticised for shorting I told everybody here on Sunday exactly what i was going to do and then recommended they do the same thing. So yes, I am a shorter, but shorts are just a tool to make money and at the end of the day that is all anybody is here for - to make money.

Sentiment often matters more than what is bought and sold. Strange but true.

I find it is better to believe the actions of the companies themselves and partners such as National Grid rather than the overbearing opinions of rampers and derampers on bulletin boards.

I was trying to explain on Sunday on the Boohoo board that just because many posters didn't want the price to go down and were making up a myriad of reasons that the Sunday Times story did not happen then they only people they were fooling were themselves. Regardless of what they said on the board and regardless of what they wanted to happen the price was still going down.

I was slaughtered by them as a deramper and a shorter (which I was, but I told them that was what I was going to do on Sunday) very unsurprisingly (not) I was proved right. I made an absolute killing on Bohoo on the way down while those who had been attacking me watched their portfolios decline.

After three days when the rout had played out then I went long again a 210p and when all the rampers were rejoicing that they had a 25% return from the lows so was I – except I had made money on the way down too.

The point is that you have to be completely dispassionate with a share and change your opinions when circumstance change. When Angus are now announcing that the National Grid are busy reconnecting Saltfleetby to the grid it doesn’t matter what a load of pseudo-expert derampers say about it.

The reason Saltfleetby was available so cheaply is because it was not connected to the grid. Once it is it will be worth multiples of where the Angus share price is today. It doesn't matter what the derampers say here , just as it did not matter what the rampers said at Bohoo.

News moves shares. Simple really, and the first step has just been announced.

Yes, this is an incredible valuation. I wish I had had a chance to play this one this week but I was too busy with Bohoo.

Recovery here will be sooner rather than later IMO, so there may still be time for me to get out of BOO and into here.

Well the traditional phrase it that when the US economy sneezes, the UK economy catches a cold.

China are all talk. They hope that a bullying attitude backed up by threats of economic sanctions will get people to do what they say - but they are not (yet) stupid enough to start a war.

This is some movement for a tiny share. What brought on the rise?

This is definitely a good buy price just now. Nice recovery play in a blue chip. Just like RR.

I have always made much more money from disasters and so-called "bad times" than the boom years. The money I have made this week in Boohoo is just an example.

This is a massive buying opportunity for those who want to hold a blue chip share long term. The only thing is that I would split my purchase price over a number of days because I would not like to call bottom in this one.

It has been good to see. So many other BBs are so full of infighting that it feels like we are at election time.

Mr Buffet does indeed know when to buy.

He didn't buy NTOG though did he?

The upside here is clearly far greater than the down.

Is the global situation going to get any worse than it is now - unlikely.
Are less planes going to fly in the next 6 months than there are now - again unlikely
Are companies eventually going to have to consider renewing their fleets? Of course.

Never say never but the upside definitely outweighs the down from here and I make all my money by playing the percentages. That goes for trading and looking at undervalued stocks.

That's not a very optimistic outlook. Just remember that there are always opportunities especially in disasters. The key thing I seem to have been repeating on just about every nboard here day after day is to remember that shorting is just another tool investors can use.

If you see the markets tanking then go short on key stocks. As they you down your profits go up. I have made a fortune this week shorting Bohoo on Mon-Tues-Wed and am now in ang long and making more money on the way bac up.

Opportunities are everywhere, you just have to know where to look for them.

Well done soomrox.
Remember not to fall in love with a share and also to take out your initial stake when you can - then you are just playing with house money and cannot lose.

Depressing or a buying opportunity? It depends on your point of view.

I moved all mine into Boohoo yesterday. I hope here works out as well for you as Boohoo has done for me.

Yeah but none of the publicity was good publicity lol!

I agree.

The handed over the Rehabilitation contract to SOCAR as per the RNSs n March 2nd and April 23rd .

This was the right thing to do as the rehabilitation side of things was actually costing money. Even though they made CAD $5.7 million from selling oil according to the last annual accounts when all of the overheads and administrative expenses were taken into account it actually showed a loss of CAD $165,000. This was partly because of the poor data and poor condition of the wells but was also because it seemed to follow a typical former soviet governmental structure – ie there were far to many people being paid to do far too little work.

However, it is very important to remember that Zenith have only got rid of the rehabilitation contract. They did not get rid of the exploration side of things and this is where all of the interest in Zenith lies. Nobody originally invested in Zenith for the rehabilitation contract but it was the exploration potential that was interesting.

For details of what the exploration potential is then you should have a look at the very informative posts by AGEOS on this board: https://www.lse.co.uk/profiles/AGEOS/ but suffice to say it is pretty significant.

The rigs and all the equipment will certainly stay in Azerbaijan and be used for the future exploration work as it is an easy way of keeping the costs of this work down as low as possible. I assume that we will start the Azer and the Tilapia exploration work after the purchase of the production assets is completed and they can be funded via debt.

As for exciting, I would say that Tiapia and a potential 5,300 bopd at an extraction cost of less than $5 per barrel (see page 6 of the AAOG 2017 annual report: https://www.aaog.com/docs/librariesprovider10/archive/reports/aaog-annual-report-2017.pdf) is pretty exciting. Remember that AAOG reached a market cap of £30 million on Tilapia alone and they predicted that if successful it could be worth £100 million.

If it goes that low I will join you. I think that you'll be lucky though...