Member Info for olivierpelier

Even if the shares only bounce to test the upper resistance line there is still a potential 30% gain to be had and any breakout would take them much further. BUY 108P TARGET 200P STOP LOSS 99P

Market value: £2.56 billion Prospective PE 2009: 10.3 Prospective PE: 10.6 1-month price change: -3.8% 12-month price change: -32.4% Prospective yield: 4.9% The shares of Kingfisher, the company synonymous with the do-it-yourself market in the UK and increasingly globally, remain a pale shadow of their former selves. Yet the chart suggests things may at last be looking up for beleaguered shareholders and, if an upside breakout does occur, the shares could test 200p for nearly 80% upside. Having peaked at 702p at the end of March 1999, Kingfisher’s shares have been in longterm decline. They missed out on the 2003-to-2007 bull market, during which the shares traded in a broadly sideways range between 200p and 320p. The onset of the current bear market has seen the shares recommence their fall, culminating in a test of 92p in mid-July and capping an 87% decline in a little over nine years. A clear gently downward-sloping resistance line has developed over the past nine months and is currently passing through 143p. Juxtaposed with this line is another that has defined rising support since the 92p low and that currently comes into play close to 101p. As a result a large symmetrical triangle pattern is developing. Such a pattern can break either upward or downward but there is an opportunity to trade for a possible upside breakout, with a close protective stop to guard against the downside.

what concerns me here is the broker been the same as IVE. i was wondering if there is anyone who has any valuable information on this one in regards to likeliness of evo playing this one, which has already dropped 40+. Any help, thoughs, comments, broker recommendations would be appreciated. Im just trying to avoid getting stung by evo again.

Coal bed methane operators drill huge numbers of wells, a lot more than more traditional oil & gas explorers, and Green Dragon has drilled 139 in just the past 12 months. Increasing efficiency in this area is therefore crucial. The infrastructure in place in this part of China is impressive and most of the journey from Zhengzhou to the Shizhuang South block is on a four-lane highway that even circumvents the Taihang mountains straddling the border between Henan and Shanxi Green Dragon is running a trial on an impressive system that allows it to monitor activities on the ground in Shizhuang South and at the group’s active gas station in the centre of Zhengzhou from its office in the city. The pictures are transmitted by a physical cable running all the way from the facility, and even though it costs around $5,000 to set up the system on one well Grewal eventually expects the technology to be used across the business. ‘It means I can have the guys in the office making the big decisions rather than having to micro-manage things out there on the ground.’ At present Green Dragon is still in the early stages of realising its potential. It remains loss-making and the shares are relatively illiquid, trading on a bid-offer spread of around 13%. But if it can repeat the success it has had in Shizhuang South on its five other blocks, the future looks bright for the company.

Green Dragon has three main options in terms of selling its output. It can either be converted to CNG, LNG or piped natural gas (PNG). Shizhuang South is the first of the company’s six blocks to go into full scale production. The basic model is relatively straightforward. Initially the company drills into the coal to extract the methane. This gas is then piped to a central processing facility where it is compressed and loaded on to a truck as CNG, before being transported 220 kilometres by road to Zhengzhou, the capital of Henan, China’s most populous state. It is then sold to motorists from a CNG retail station. The group picked up four of these stations as part of the acquisition of Zhengzhou Nanhai Gas in August. At present only the one in Zhengzhou – a city more than three times the size of Birmingham – is up and running but by the middle of next year Green Dragon hopes to have stations at Zhengzhou airport and in nearby Zinzheng and Jiyan on stream. The price the group gets for its gas by selling it in this way is attractive:$13 per mcf compared with a global gas price of $6.50. A drilling division last year, Greka Technical Services, was launched by Green Dragon last year and the unit acquired five state-of-the-art rigs from the US. These truck-mounted rigs can be mobilised more quickly than traditional rigs and Grewal hopes they will help reduce the time it takes to drill a well from around 40 days using Chinese teams and equipment to closer

Interesting article in investors chronicle about Green Dragon Gas. The share price has fallen nearly 40% since June to less than $6 and now could be a good time to invest in the story. House broker Evolution Securities highlighted the disparity between Green Dragon’s valuation and that of Australian CBM operators such as Origin Energy, when the Chinese firm’s shares were at $8. ‘Our valuation of Green Dragon’s assets indicates a valuation of its reserves of around $0.20 per mcf compared with $1.88 per mcf offered by ConocoPhillips for Origin’s CBM assets in Australia. Even discounting for lower gas prices in China, the less developed nature of the assets and other factors, a valuation of only 10% of the Conoco deal looks far too cheap.’ The Green Dragon business is more than a decade in the making but the first signs its strategy will be successful are starting to emerge. Chief executive Randeep Grewal believes the world is on the cusp of the ‘gas’ age to replace the oil age of the past 150 years and he is attempting to transform the £400 million market cap into a vertically integrated gas supplier with involvement in the production, marketing and sale of the commodity. A trip to the company’s Shizhuang South block in Shanxi province, central China, helped to give Shares a better understanding of how this is working in practice. Green Dragon has three main options in terms of selling its output. It can either be

are you still in here? do u think its fall is reaching bottom? i notice its previous low is the 75 mark and its holding around it today.. whats your opinion?

hi everyone! i too am in the blue for the first time with CMR! i just wondered if anyone has price targets over the coming months or do they know of a similar company we could possibly use as a guide/template for CMR's future should all go to plan? i intend to keep these for a long time but im curious about what the future may hold short/medium/long term. Gl to everyone... its been a long time coming!

i read an article that this share is worth 48p valuing housing at 0. They are being clever in writing everything off this year. the rest of the business is profitable. one to put away for a year..

todays drop is drawing me closer and closer to this one! glad i held out last week, it might well go a bit lower, then i think its a very good buy! gl all

100k? theres a sale gone through for 100k.. im just wondering if the money in this could be better used to recoup losses from it as it never moves. might give it a little bit longer to inspire.

when will this do something! would be nice for just some upwards action.

Missed out! wondering if i should jump in whilst i can get buy for 100p or wait to see if theres a little dip! decisions decisions!

price double over last week. Any ideas where it might go this week. Maybe we have turned the corner from the plummit and the new ceo can take bnln back to the previous levels of 60p+ in the close future.. i just hope it doesnt plummit back down to sub 20 again. fingers crossed for more upward momentum!

thanks for the response. I will be watching from the morning with a view to jumping in sometime! good luck to you.

is there anyone with broker predictions for spice. Ive seen 120p and read good things. I did own some before the share split and they performed well, though it did fluctuate a fair bit. if it stays around the 95p mark it could be worth a go, 110p could be reached short term i think. does anyone else have any targets or predictions?

its more debated on iii

thats two pretty big buys! same size as on the 17th october.

are you sure it is CAPT? and definately 1.5p? sounds bizzare yet gives me a small boost of confidence in this if so! Just out of interest, does anyone know what time of day the results would be out? do these things usually happen in mornings? or is there no set time? thanks

i hope your right!