Member Info for MasterRSI

From the "UPS" thread....

KEEP an EYE
ENQ 18.45p

Has been holding for the last couple days around 18.20/18.40p, and looks like will be the low for the moment being as it breaks up the resistance. Oil prices are rising again today. The UT opening at 18.95p is signalling a change in the price direction.

2 days chart
https://charts.moneyam.com/Chart.aspx?Provider=Intra&Code=ENQ&Size=900*500&Skin=BlackBlue&Type=2&Scale=0&Start=20190308&Fix=1&OVER=&IND=&XCycle=DAY1&XFormat=&Cycle=MINUTE2&Layout=Default;HisDate&SV=0&E=UK

They say "You Can't Win 'Em All "

Well the latest news on the Australian economy is slowing down fast, meaning MRS will slow down aswell on that type of business they are in.
One good thing is Interest rates most likely will be lower, one UP
But lower interest rate means the exchange rate for the AU$ will be lower ( always depreciates ) and in converting into "£" will be lower profit (EPS) one DOWN

Currently AU$ 1.87 to the "£", so far I was calculating at 1.80, ( last 2 month ) when the company was using 1.70 ( ridiculous ) but they were getting a better update with that.

March 6 (Reuters) - Australia's dollar fell to a two-month low on Wednesday as signs of an economic slowdown supported expectations for an interest rate cut later this year.

Australian economic growth was 0.2 percent in the fourth quarter, below an expected 0.3 percent.

Was it "Zorbas" why the share price is going down for some time now?

Was is "MasterRSI" for the share to move lower yesterday and again today?

Maybe was - troutisout - for ramping and given the wrong figures on the past?

or maybe is - Ian B. - complaining about anything of others post, after losing so much on MTFB,BOX and MRS and saying " ridiculously low prices " but well underwater on all I mean up to the neck.

...........no way Jose, the only thing one can blame is on the " wrong " direction of the company structure, directors, taking more work than they can handle and balance sheet over stretch for that reason. Market realising of that and not wanting to take a chance of losing it all.

That has been the management problem, on no having a developing strategic direction without overstreching themselves.
Growth entails becoming a lot bigger and so they acquired small business, but paying with cash than MRS do not have, means begging to the Banks at high rates to pay for them, and that is how the company is now in big trouble as the current debt was over A$19.9M (£11.05 ) at the last account and the market cap is only £6.9M ( SP 4,35p ) meaning the company is in BIG trouble if it does not get that debt down.

So maybe "Paul Brenton" has a blame for the strategy to grow by DEBT.

Yes I am back with still bad news for the company but that is all true what I said above.

uinsionn

What do you expect from people that they lost more than they can handle and cannot see any further than the end of one’s nose and now trying to blame posters telling what is happening with the company, when the real truth is Directors not able to tackle the problems or mess they made and now are.

Management lack the ability to foresee problems, issues, or obligations beyond the present or immediate future

You are not OLD and TIRED only but now trying to be a FOOL

I said lucky to make 1.70p
" If everything goes like now EPS of 1.70p will be hard to reach."

But PE does not count much when the DEBT is over 100% valuation, directors being under a cloud for the past disasters and pumping updates that never met by a mile.
Any company on the past with a such a low PE is because there is a change going to nothing.

oldandtired

do not try to be too clever

show me your money, show me your way you invest not on others comments

if it was my comment most likely was on management past figures on the UPDATE, that time and time again I said were not correct, prove on the PUDDiNG was on last Interim.

Still wating for YOUR way of reaching PE 3

oldandtired and hughsey1995

re - since you are not invested here, why are you wasting so much of your valuable time posting here?

All have a reason for things, the newspapers comment about companies do not need to hold the shares to post about them, I am much the same on my thread, look at the note earlier

note:
I have my own thread, posting 6 days a week. lasting 19 years now

On there I talk about... the God, the Bad and the Ugly, and MRS is part of the comments there and then here.

re - deleted post

I almost sure the deleted post saying TO A$20M was from ( Ian B.) other nickname (3 posts all deleted by LSE), look below.......

Ian.B
Fri 12:06 A few more knowlegeable than myself here, believe mrs will be bought out. - ive no idea who the potential suiters are though.

re - three times earnings.

where do you get this figure from?
let me see your calculations?

re - Do you invest in the stock market much?

decades of experiences, and for the last 19 years about 18 to 20 deals a month, but NOT for the last 4 month as the British and European growth has gone down the drain and still falling further day by day, so pause on my deals was decided.

note:
I have my own thread, posting 6 days a week. lasting 19 years now

Investorworld

re - You must lose lots of money

I am not invested here, so not losing money like you is the answer GOTCHA

I give figures to prove my point you give garbage words GOTCHA

I have close to 5000 posts you have 121 mostly insulting ones GOTCHA

conclusion
you are part of a GUTTER WOLD and need some cleaning, and repairing in Vermont on YOU

and now only can get out at a lost so pump, pump and pump, hopping share will move up, the only thing is happening is a few spikes up but down again.

1 - The most talk about not trusting the directors is one point
2 - Such a huge DEBT is another negative point and has increased from A$17,7M to A$19.9M
3 - It seems EPS forecast will NOT be met on the latest half figures 1.35c less than last year 1.43c converted at 1.80 to £, it gives EPS of 0.75p, and the Update was for full Year of 2.6/3p
4 - If everything goes like now EPS of 1.70p will be hard to reach.

Conclusion
Only a fool can believe what the company say on the updates as time and time again have disappointed on the final figures meaning never met.

Auson

most likely NOT as they suppose to buy back the shares, being short. But one never know the games they are playing closer to end of the day in a way to get a good size UT, if they were then only 91K at 16.35pm as UK

100K was an "O" trade and Marshall Wace most likely are on "AT" trades that is why I said controlling the order book

And it looks like - Marshall Wace LLP - the shorter is controlling the stock on the order book, so does not rise too fast as they are still unloading and naturally wanting to get out at the lowest price possible.

Hedge Funds Bullish on Oil moving ahead ...........

Hedge funds carry on buying oil despite Trump intervention: Kemp

LONDON, March 4 (Reuters) - Hedge funds continued to boost their bullish position in crude and fuels last week despite a call from U.S. President Donald Trump for OPEC to "relax and take it easy".

Hedge funds and other money managers were net buyers of an extra 16 million barrels of Brent crude futures and options in the week to Feb. 26, according to ICE Futures Europe.

Fund managers have been net buyers of 155 million barrels of Brent futures and options since Dec. 4, increasing their net long position in 11 out of the last 12 weeks.

Funds were net buyers in the week to Feb. 26 despite the president's intervention a day earlier, which strongly suggests buying was even higher before his message on Twitter.

Portfolio managers seem increasingly convinced the United States and China will reach a trade deal and the global economy will avoid a prolonged and deep slowdown.

At the same time, production cuts by Saudi Arabia as well as U.S. sanctions on Iran and Venezuela are expected to curb the growth in oil production in 2019/2020.

Fund managers now hold more than six bullish long positions for every bearish short one, up from a ratio of 2:1 in early December, and the most bullish ratio for four months.

Hedge funds were also net buyers of almost 13 million barrels of European gasoil futures and options in the week to Feb. 26, taking their net long position to 64 million barrels.

Funds have bought gasoil futures and options in each of the last eight weeks and have purchased a total of 61 million barrels since the start of the year.

Gasoil positioning is now strongly bullish, with long positions outnumbering short ones by more than 17:1, up from an equal number of longs and shorts at the turn of the year.

Continued global economic expansion, albeit at a slower pace than in 2018, should underpin further increases in consumption of mid-distillates such as diesel and jet fuel.

Meanwhile the introduction of new bunker fuel regulations at the start of 2020 is expected to boost consumption of diesel and marine gasoil as the expense of heavy fuel oil.

From the "UPS" thread .......

Master RSI 4 Mar '19 - 10:14 - 47 of 47
ENQ 19.35p +0.35p
Bouncing from the cycle lows last Friday after reaching 76.4% Fibonacci retrace

chart with Fibonacci
https://uk.advfn.com/p.php?pid=chartscreenshot&u=fV1YfSq0IAmKmvtrQxCVRx396z5sb2SC

... in future Seapulse discoveries

LONDON, March 3 (Reuters) - British oil producer EnQuest has sealed a deal with explorer Seapulse that will put it first in line to help develop over four billion barrels' worth of prospective resources the company is investigating, Seapulse said.

EnQuest, which at a market cap of around $437 million is saddled with over $1.7 billion in debt, will be the first oil producer to get access to discoveries made by private-equity backed Seapulse as part of its 12-well exploration campaign.

It can then bid to develop them in exchange for equity stakes.

The approach mirrors Seapulse's partnership with Maersk Drilling for its global two-year well campaign, whereby it commits to a partner on a large scale and early in the process to save money by avoiding the need to hire their own drilling and engineering staff.

"They're recognised as one of the leanest developers," Seapulse chief Scott Aitken said of EnQuest, which expects to produce between 63,000-70,000 barrels of oil equivalent per day this year.

Seapulse, which is backed by private equity fund Seacrest, has said its drilling campaign prioritises prospects that have a potential to contain at least 300 million barrels.

The 5 days chart shows the rise and fall of recent sharp movement, but today managed to bounce from the lows

chart - http://uk.advfn.com/p.php?pid=legacyintra&epic=IMM&type=3&size=2&period=d&freq=1&ind_type1=0&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=1

re - Sounds like certain lets say "Issues" are present.

The issues of - Nolupus - are.... " infection of pus " on himself for some time now.
on other words.. " a rotten life "

CONCLUSION only my view
so he wants to infect this into IMM investors

Brent currently at $65.40...........

LONDON, Feb 26 (Reuters) - Brent oil edged up to $65 a barrel on Tuesday as Saudi Arabia and the rest of OPEC were expected to stick to their production cuts, despite renewed pressure from U.S. President Donald Trump.

Prices slid on Monday, when many traders were out of the office attending IP Week, a series of industry events in London, after Trump called on OPEC to ease its efforts to boost the oil market. Prices were "getting too high", the president said.

"Yesterday was a typical price action you see during IP Week when you have a headline," said Olivier Jakob, oil analyst at Petromatrix. "But I don't think it will change anything in current OPEC supply policy."

Brent crude, the global benchmark, rose 24 cents to $65.00 by 1139 GMT, after losing 3.5 percent on Monday. U.S. West Texas Intermediate crude eased 7 cents to $55.41.

Expectations that U.S. crude inventories had risen for a sixth straight week limited the rally.

U.S. crude stocks were seen 3.6 million barrels higher in weekly inventory reports, underlining that supply is adequate in the world's top consumer. The first such report is due at 2130 GMT from the American Petroleum Institute.

Oil is up about 20 percent since the start of the year, when the Organization of the Petroleum Exporting Countries and other producers, such as Russia, began cutting production in an effort to reduce a global glut.

Saudi Arabia and other OPEC members are likely to be cautious about relaxing their supply-cut plan, Jakob said, after a boost in output in the second half of last year ahead of U.S. sanctions on Iran led to a steep slide in prices.....

For the last 30 minutes have been up to $ 67.70 for Brent from the London closing of $66.80
That is almost a $1, the normal spike from time to time