Member Info for Mesquida

Circular was released yesterday by the way, which clearly would explain the above average level of activity. I suspect that we could see the same sort of activity during the early part of this coming week, and that near term price target might be attained somewhat quicker than the analyst had anticipated !

Well worth ploughing through new company broker's inaugural piece of research. 24 pages long. They make the point that the enterprise value/sales ratio is significantly lower than the average, and on their 60% discount basis the near term price target is 10.5p. However, should there be improved visibility of future revenue streams then obviously a narrower discount would be more appropriate. If, for example, the company was priced on an average ratio then the price would be 24p.
You can access FinnCap's research for free if you register on their website.

You realise of course that Professor Rhodes is no longer involved in any way whatsoever with the management of the Company. Indeed, I am not even sure that he still has any shares, certainly he is not disclosed as having more than 3%.
I too was at Leeds University, 1971-1974. Fond memories of some excellent gigs in the Refectory, although sadly I missed out on Paul Mc.Cartney's Wings when they turned up unannounced one day, and played for free.

Max, the new company broker, Finn Cap , has initiated coverage today with a 10.5 p near term price target.

Surely Verbier is the third and final well ( not the first ) in Statoil's current campaign in the UKCS ? Is this wishful thinking on your part, Sonofthebull, or do you know more than the rest of us !?

I really cannot imagine that you have any valid comments to offer in respect of Schoder's investment track record, graybird, given that you cannot even spell their name correctly ! Or are you going to spin us a yarn about how you once dropped into Andy Brough's office.
You really are making yourself look like a prize dickhead, why on earth do you carry on posting such drivel ?

That should read...tongue in cheek.

I assume that your post is tongue in check, Abatt1 ?

Thanks for your answer, max. But would not such a trade precipitarte an rns, given that we are talking about a trade in approx. 12% of the total equity.

Wow, my spelling not good, must be the effect of reading so many of Greybird's missives !

Dick, I am sitting here in a cave bar in Menorca, with a glass of the local herbal drink, have logged on to see the share price/rns, and guess what is playing on the radio?
A Bhuddist would tell you that in life there are no coincidences !!

Intrigued by your comment, max19. What exactly do you mean ?

Not quite sure that anybody can predict the future share price when we don't know if we are going to suffer increased share dilution as a result of a new refinancing arrangement with Banks/Stena.

That should have read ' whiter shade of pale ' of course, not whiter share of pale !

Steady on Dick, you are showing your age, next thing you will be skipping the light fandango, and turning cartwheels across the floor ! But seriously though, the fact that Ragnfried was discovered in 1998 is a sobering reminder that the oil exploration game is very much a long term play, although I doubt that our resident Einstein appreciates that !

No doubt you are celebrating yesterday's closing high for Serica, what a ride that had been this past two years. If Andrew Benitz and his team could replicate that performance then I too will turn a whiter share of pale !

Poster on advfn reports major Russian oil field on fire, might have implications for price of oil .

What exactly does your comment mean, investz?

Interesting comments from Motley Fool ( posted over on the PMO advfn board suggesting that Premier could attract a bid. Certainly there appears to be a reawakening of m&a activity in the sector, but whether I personally would welcome a bid at say a 50% premium is a moot point.

Thanks for that, nigoil, coincidentally the broker I am with at the moment is apparently being acquired by II. ( i am currently with Alliance Trust ). Hopefully i will soon be able to start dealing again on an extended settlement basis, assuming the deal goes through.

Nice work nigoil ! I see from the contract note details that you have posted that the trade was executed on a T+20 basis. I used to enjoy trading T +20 but then my broker was taken over and the new broker does not offer the facility. Can I ask therefore who you are using ? And what sort of requirements do they have in terms of capital cover ?