Member Info for oogleflugal

A lot depends on the housing market. They entered riding on the back of a 20 year house price boom apart from a couple of blips. Not sure they have had to ride out a stagnant market which could be prolonged by Brexit. Looks like thin ice to me

Apparently they cannot re-educate sceptical investors. To do that they have to convince investors that the outlook is better than it actually is. Glad I held off after the dead cat bounce. yes on my short list but not at the moment thanks

Interesting to hear some customer interviews on the radio just now where one guy reckoned he was devastated that Waitrose had lost out to M &s which they haven't they just haven't had to pay £700,000000 to continue with the service, but more that Waitrose were better value! Maybe compared to each other but they need to look more carefully at prices . Waitrose sell oregano in a bottle for about £1.80/£2.00. You can buy more and much superior oregano in Lidil for 37p! Trivial stuff I know. But continue these comparisons across the range of basic food items and it becomes quite substantial. If they are to even survive in the long term they really need to know they have been taking the mick for too long. So throwing away such a huge amount of money is just part of the arrogance of the old brigade of supermarkets that are now getting there comeuppance.

A bargain at three times the new share offer price with an equity placing to raise money for a project that may not even get started. mmmmm

Impossible to predict because the market has become such a casino. Certainly would expect a lot of volatility in the next couple of month which creates the opportunity for swing trading. Its range just today is pretty awesome.

One of my best stock. Mainly because I sold up in 2000 at around £22 a share (against my brokers advice). A couple of unsuccessful sortes to make money on them since. Impatience I guess. I bought back when they hit the £4 territory and should have held on. Its incredible how log it can take to turn a company around or get the city to restore confidence. It was quite a turbulent restructuring period over the last ten years or so and quite a different business in many respects.
They are nothing if not a survivor and feel a dangerous emotional attachment. A quality company and one of few real stalwarts of the ftse. Definitely on my short list again.

I suppose they have to be applauded for getting any interest at all. Unfortunately the paragraph hidden away in the rse end of the rns
'The Italian government is currently considering an amendment to the law covering oil and gas exploration activities that applies to both onshore and offshore licences that, if enacted, could materially impact the Company's proposed activities in Italy in the medium term. The amendment would result in a moratorium on all future work on exploration permits or applications for new exploration permits during which all existing permits will be suspended, and no exploration activities will be allowed, for up to two years' kind of belies the whole point of the fund raising exercise.Its just like Groundhog Day again and again and......

When 80% is in institutional hands. 10000 shares trade and the stock drops 12%. I heard a whisper that some stock was dumped at £2.50 but that was end of January and of course those trades don't get published except to the 'Inner circle.' That could mean there is an overhang. All speculation of course. It is also easy to suspect they are approaching takeover territory. The problem is these shares are obviously very illiquid at the moment, but I personally feel it is worth building a small stake soon. Just not sure we have reached the bottom yet. Nothing to do with fundamentals just plain silly buggers of the market place.

I guess it depends how much they can raise to pay their pensions and salaries. I would think CAB's future is very much in the hands of Shell Italia, and its never bothered them in the last 20 years. There is almost certainly oil and gas in the region they have licences in. Whether it is financially feasible to extract in the current climate is another matter. The history of this company is awash with incapability. Saying they will be raising capital in January and then putting it back to February is a bit like the ongoing Brexit negotiations, loosing credibility by the day

Have seen the steady decline in sp over the last few months. Perfectly reasonable explanation in a possible temporary blip in growth and trading in line with market expectations. As possibly the only share on the aim casino I would currently invest in is this the opportunity to get back in? Will be keeping a close eye on it. Only 23 million shares and a 2.7 divi. As I said before, a rare diamond in the dung heap of aim. It's not the company that is the problem it's the way markets operate these days.

Nop had permits off Sicily under the Musgrove regime. Oil was at a much higher price then. They had the same farmout arrangement with Shell. Firstly the Italian government extended their coastal ban on drilling which Nop was supposed to have been clear of, but there was still much opposition. I heard Shell pulled out of the project because the geology was way too complicated, perhaps a euphemism for 'the politics was way too complicated.' We are talking about the Burscaloni era. I see Malcy jokes about the ten years it took for the farmout never to get started previously. NOP had a very good geologist claiming there was a very prominent fan system as found in other oil producing regions. What puzzles me is why Shell would be considering this now in a much weaker oil market. There are several risks here, mostly advertising so vehemently their state as a going concern. Not a great place to negotiate from. The licenses will still be there and the oil if there is any. Italy is notoriously tricky for oil exploration for all the wrong reasons. Again good luck with the investment

(Reuters) - Oil and gas company Cabot Energy Plc (CABC.L) warned on Monday that it might not be able to operate as a going concern if it does not raise money from shareholders in January to fund its operations and settle debt, hurt by lower Canadian crude oil revenue and contract prices.

AIM-listed Cabot said it was in talks with major shareholders and was “reasonably optimistic” of raising additional equity funding from old and new investors in the company, while expecting any financing to be at a “deep discount” to its current market price.
So, what to do. Its simple don't touch with a barge pole. Love the term 'reasonably optimistic.' So lets announce a placing between Christmas and the new year and see if the market notices! er just wiped out over half the company value. There will be non for the ordinary shareholder if it even sees the end of January
This is a ridiculous gamble even if they do raise yet more cash. If you want to give money away give it to a worthy cause like ex Cab/NP share holders, or even old man Musgrove! Gl anyway

Musgrove took nop from a penny share towards 2 quid with gas producing fields in Holland, These gradually got sold down as growth was small and slow. The English assets were a complete red herring, in fact not even a herring. The Italian links were suffocated by red tape and hypocrisy, although in all likelihood there was little there. Their partner Shell kept them dangling till it died of inactivity. The really big hope was British Gyana. Just the small share of drilling was enough to wipe out NOP's assets. It could have had massive upside. If partner Wessex hadn't been so up themselves turning down a very generous offer after the first drill from Total they would have had a decent cash pile to buy something with better prospects than in Canada. All ifs and buts. Never in control of its own destiny and a succession of over optimistic directors making poor decisions while enjoying very pleasant lifestyles paid for by shareholders. Probably 'the end' to a sorry saga

Unusally for aim this is one of the very few decent honest hard working well managed companies. I remember going to an AGM about 8 years with at least 3 other shareholders outnumbered by the board 2 to 1! We were made very welcome. The market cap was just shy of 20 million. We were told growth would come with acquisitions and organic growth. A takeover might be possible when they hit 100 million. They seem to have reached that target! I wasn't to keen on the company name change. Makes me suspicious. Again this is one of those rare cases where there was nothing fishy about it. Unfortunately I cashed in, although for a reasonable profit, I should have stuck with it having seen it grow from a penny share. Not without risk , but having reached its current size I think it is fair to say they had plan stuck to and achieved it and is a size now attractive enough to the bigger investor and predator.

Ah just working out if they have enough pay their salaries, pensions and bonuses. Best have another placing then! Jokers.

Sorry people still getting burned on this, like people like myself before. The major shareholders bailed out yonks ago. It had great potential with partners Tullow, Total and Shell. Big gamble, overenthusiastic directors, but like you say they get paid well for enthusiasm, not oil discovery or production. If only their partner had agreed to totals offer in Guiana things might be different , on the other hand probably not.

First time Ford has bought any shares for a considerable time. Obviously having relieved us of our support its time to pile in with their new benefactors. Hope they get their just reward!

I dont think there is one single cause to blame for this other than supply and demand. Sure Saudi wanted shale to fail, but it will be hurting them too with the oil price likely to be depressed for the next five years and a lot can and will happen with alternative energy, which may also impact. Things are changing fast. Suddenly investment in oil against alternative energy is much closer to a level playing field. Why else would not a single one of the other giants in the neighbourhood bid for Caza at 45 million dollars, a fraction of the apparent value in the ground. Thats me done with shares. How they fiddle the footse to look like its at 6,000 is incredible. No longer can the stock market be compared favourably to property. There is no comparison. It had its day in the eighties and nineties. It may come back but at the moment it has more in common with the antique industry and I wouldn't bet on either coming good again.

18 months of falling oil prices seems to be historically the norm when it falls, but can we be sure whether norm is predictable? Striking oil is the name of the game. After a terrific purple patch a couple of years back they seem to have hit an equally terrifying barren phase. The luck will turn again no doubt, but the market wants it now and until then will continue to drift.

Faroe has announced that the Shell operated Portrush exploration well is dry and will be p&a. As always there is plenty of positive spin being generated saying that there may be more upside in the rest of the licence and that finding the reservoir is a great help but the main positive is that it cost Faroe less than £1m net of tax. Much more importantly is the follow up programme on Pil/Bue which means that Boomerang and Blink wells are going to be key.