Member Info for NickRubens

Just trimmed another 4000 shares. Hoping I get them back sometime later but no idea really. SP unusually strong this week, so holding some just in case there is some corporate stuff on it's way, in terms of someone stake building though turnover has dropped since the big blocks that went through a few days ago.

The only negative here is that there is a majority shareholder, who can control everything though I haven't let that dissuade me buying and would prefer they would sell a substantial stake to a partner or similar and drop well below 50%.

"Panic Seller done and dusted."

Panic seller is likely someone who couldn't believe his luck today! lol and I would say there is a good reason to panic as you might never see this price again. I wish I had panic sold many years ago.

Pauly " I am nearly broken for waiting the past 6 plus years. "

Sounds like a very typical stock market experience to me, especially in the oil and gas and miners exploration business. 6 years isn't really that long and who knows if another 6 years will roll by with seemingly no progress?

But as you say I think the Iraq oil might even happen. I prefer this to CLON as the directors have more at stake here themselves.

Update was good and potentially this could re rate if the market believes the current cost control/profits balance and dividends can be maintained for the next couple of years and then shareholder profitable growth resumes as pension issues are ultimately resolved once and for all. There is always the possibility that profitable bottom line growth can come in the next two years ahead anyway if the company grows it's online takings. The market decides.

Cheers Dartron, Yes not much goes to plan quite often for me. It's kind of how markets are and the reality of investing raw.

In a few months time you might think 'I wish I had really loaded up', but we won't know until then. I can see why you bought and normally I would think yes a placing at 45p when I can buy the stock lower on the market, but the market speaks so I wonder if the placing will even be taken up or maybe only partly and then where would that leave the company with it's ambitions?

But anyway hope it turns out great and maybe I will buy myself on the spur of the moment.

" Easy 20% on offer today."

Did you mean easy 20% down? Anyway something strange about this placing and how the market has reacted to push the price lower? Normally it would have set a floor temporarily at least.

Companies are good at making from Investors and not often good at making money from their products/services for their investors.

Is it possible the fundraising itself or at least the retail offer will fail ?

"Would the majority shareholder table a bid for the whole company?"

Yes but what would be even better is if they say offered to unlock and sell, say 20-30% to the city because that would certainly be at far higher levels. I think it's that majority control that keeps the stock too cheap and many fund managers away.

Always a possibility the big shareholder is equally prepared to offer all their 60% at the right price to a suitor.

Spread looks high this morning.

Looks like another blue day. Will be interesting to know what happened with those huge trades yesterday.

Hopefully another blue day tomorrow as the market speculates or someone is in the know?

We should hear something today I would expect. Perhaps they are still accumulating? It's put Rank back on investor's attention. I expect many on the side waiting to buy on any potential dips?

Should have loaded up, but did get a few at least in the mid 70's, and missed the sub 70p giveaway!!

Hopefully this has some traction now and these bargain days will be gone forever.

I can see the three huge blocks gone through which seemingly show as sells, but someone must have bought?

Whatever is coming, Volume is through the roof!!

If or when the company is seen to be hitting profitability or at least well in advance of that then the share price will speak for itself as investors find them and they will.

Still, some good news today.

I'm expecting them to return cash to shareholders. I would say that the least thing on the cards here is a placing.

It's still very much alive, just needs a bit more customer spending in it's premises (higher end casinos) and general increase in flutters.

With the government giving state benefit pay rises continually then I'm sure some of that will feed through to the recipients spending more on a flutter.

"Got money to throw away have you !?"

Probably, but don't want to throw it away. The market is always looking ahead. Any sign of Iraq oil field developments and this company will easily raise at much higher levels. But will we get it?

I've given up Ghana.

Well some stock is being picked up, though low volume, a bit of good news would certainly double the mkt cap in an instance, but is their something good coming. Perhaps the fall is psychologically driven through fear? I may kick myself for not loading up.

Is their a placing coming? I can't think of any other reason for the SP weakness aside from de listing fears, though there have been no indications of such?

The last placing was at a much higher price though that company that bought the stock didn't fair well itself eventually.

It's possible this a bargain as well, though those things are rare on AIM.

Seems to be some buying interest last few days, myself included, though I'm just punting on possible Iraq news on the Merjan oil-field.

Several years ago I was punting on Tano block in Ghana with CLON and we are still waiting, so I'm not betting big.

It's hard to tell if this company is not slowly sliding away out of business for it's current owners or steering itself to a future where current shareholders will still own and perhaps even benefit tremendously from it. The high dividend yield looks like a bit of a trap, though has held the last few years incredibly well.

Might even fall for the potential trap if it falls further. I'm always getting lured into what look like bargains. I used to own Johnston Press ( 100% loss), hence the trepidation.

Yes, all the best Rick, I'm just trying an occasional 'trade' to supplement my dividends. I'm hoping to buy back cheaper, but of course I may be trading myself out, if I don't see around 46-47p over the coming months, which is my re - entry target, but not if loan scandal compensation payments turn out worse than expected. Banks have a habit of always doing dodgy stuff (like PPI etc). See how it goes, I sold all my Natwest also (few days ago), though they won't be affected by car loans scandal, so they will be the first I look to buy back.

After seeing all those broker recommendations to buy, decided to ignore them. Always a potential that the car loans scandal may need further provisions at a later date, but don't let me influence anyone to follow suite.

It will make for an interesting conversation at a later date to see if I was right or wrong to sell, as I don't really know!