Member Info for marineclark

Rocket time!

DYOR of course.

Rising nicely. Resistance sits at 150p. I see it heading there in a couple of weeks. It if can decisively break that level, a move to 250p+ is possible. This share, looking at its history, has suffered big drops and big rises, over a very short period. The train has left the station, but the biggest ride is still yet to come. Enjoy the view folks.

Forgot to mention the DYOR!

This has now been consolidating at the 8p level for three weeks, and is moving within tight range. You will be pleased to know that once the consolidation has finished, what follows is a big movement, usually in the direction of the trend., which is currently rising. The last two places of consolidaton were at 1.8p and 3.5 p, roughly doubling between consolidation points. If this breaks out of the current side ways range, I expect a decent rally to 20p, and then to settle around the 15p. If it breaks to the downside than well.. lets now worry about that:) No one goes into AIM worring about risk surely?

Technically the uptrend still intact. Looking for some nice movement upwards in this current price swing.

Tickets were bought last week Dick. I'm looking foward to the view of Earth once the rocket reaches orbit.

Technically, we are in the early phase of an upward trend. Now is a good time to get in before the launch.

The price has held around the 8p, a second time, so that's a good sign of suport at this level. Nothing is certain though.

I would expect it to consolidate around this level until the the next price driver, whether that is before christmas or after. I' m not sure if buying near the top of rally was a good idea if you needed to sell soon after. If I were to buy again here, this price level would be it. But DYOR of course.

That is quite a big chunk of cash you got in here Cabert. Good on you. However, nothing wrong in reducing risk by sharing it across a number of companies. I just bought into JOG, jersey oil and gas, which is another multi -bagger potential share, so feel free to look into that one. I have no shame in plugging a share I just bought :)

I remember in the good days making a big amount, and then losing it by putting my eggs into two few baskets. No matter how good a share looks, and especially AIM shares, anything can happen, and in my experience it happens no matter one loves this share or another, **** happens.

I'm invested in this one too, I wish i had bought more at 1.8p but still in good profit, so nothing to worry about. The price looks to be consolidating around the 8p mark, but a decisive break below, could lead to problems for the short term. But i think it will hold and then a good run up to 20p mark, if not christmas, then early new Year.

3.5p not 5.5 p

I have 8p as the next support level. Let it hold here for a few days, or even a few weeks before topping up just to be sure. The last support level was about 5.5p, and it held for a month then rallied, and below that the support level was about 1.8p. I dont why people get their knickers in a twist when the market moves up and down. Nothing wrong with day/swing traders making a bit of profit. The big picture here is that this share is heavily discounted to net asset value, so buy and hold if you are investing. But whether this goes to 20p+ or nil, don't put your eggs in one basket as they say, spread the risk to other shares. There are many around, and you also get the the advantage of seeing postive price action in those, instead of waiting around all day for price movement in just one of your investments.

20p to retire? Could be by christmas then lol. I only invested a small amount in this at 1.8p so happy with the profit right now. This is trading at discount to NAV so it's really only a matter of time before this hits your figure. Good luck, and if you got a spare ferrari you dont wan't you know who to call.

I don't think they will have any problems outbidding IMIC. $30 billion is lot of cash, if they dropped a tiny pile of that off the truck that would be enough to buy aff ten times over :)

http://www.jindalsteelpower.com/about-us/corporate-profile.aspx Jindal Steel and Power Limited (JSPL) is one of India's major steel producers with a significant presence in sectors like Mining, Power Generation and Infrastructure. With an annual turnover of over US$ 3.5 billion, JSPL is a part of the US$ 17 billion diversified O. P. Jindal Group and is consistently tapping new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses. The company has committed investments exceeding US$ 30 billion in the future and has several business initiatives running simultaneously across continents.

I thought the investors chronicle article was well written and used it to make a decision to invest here which I did last Friday. 70p comes from a no successful bid scenario, 50p cash and 20p assets. That values assets at circa 30 million which is peanuts, but in reality this is where the share price was before the bidding, so its not hard to believe. However, a bid is more likely than not, according to IC. IC have given the chance of a bid as 70 percent. That's pretty good odds to me, and blankets post below about the resignation of one of the directors who has links with IMIC is interesting. With at least three bidders, and IMIC offering between 115p and 140p, then that should be the starting point for further bidding wars. It could be a lot higher but to be conservative that is a good starting position. So this is a gamble, but with not much downside and a lot of upside. I'm in.

Given the amount of cash in the bank and the assets the downside risk is 70p vs an upside target of 115p to 140p +. so potential profit of between 30 and 75 percent. And set a mental stoploss to reduce the downside risk.

There is no bid offer for 70p. That was the base price if no offer came to fruition and a downside risk target. The offer from IMIC was a figure between 115p and 140p. The other bidders e.g Jindal have been in bidding talks for weeks and their exclusivity ended on the 13th this month, which is when IMIC entered the talks. I'm not here for the end result. This will be a short ride for me and hopefully with a large percentage of profit banked.

My very limited understanding of takeovers is that the offer price has to be at least the highest price the share reached in the last year. Since this was 70p then that is the lowest figure for a bid. With three or more bidders on the table then this figure likely to be way too low. The article came from investors chronicles and gives a 50 percent chance of a bid(IMIC) of 115p and 30 percent for 140p, with a 20 percent chance of 70p. This assumes that the other bidders have left the table.

Looks like that early morning buy was a good trade . I only saw this share yesterday and was trying to get up to speed with the company last evening. Set my alarm clock for a early start and got up at 6.30 in the morning in preparation to buy first thing. Luckily the price hadn't moved much from last close and I clicked that buy button as fast as I could :) Great feeling to see this go up after buying it!

Not here for the long haul mate. Bought in based on the technical situation and the bid talks. Didn't get a perfect timing as I wasn't watching this stock, but the tip from investor chronicles got my attention. Still, my timing was decent, two daily sessions from the channel bottom, and movement should be upward targeting the upper channel of 115p in weeks. I expect to take profits as soon as I hit my target.