Member Info for Pigus

I manage my SIPP via II, generally instant on UK trades, including today for OO

Someone sold at 4:30 - price dropped off cliff

Sold today at 163 - prefer to get my cash working again. Cybertech companies looking interetsing. Help ISPY for some time now and growing nicely but a number of dedicated US firms look attractively low priced, e.g. Crowdstrike. If Brexit deal comes off I think UK mid-caps will do well with strengthening of pound and overall climate for investment and trade. Lloyds and RBS already made big gains.

So a good run comes to an end. Leaves me with one question: What should my next buy be? Whilst I shall put some into a safe fund, I shall want to find another high-gain ladder to jump onto. Any suggestions for consideration?

Very helpful, thanks v much. Seems sensible to hold, except Lloyds and RBS looking very attractive in case of Brexit deal .... cash would be handy to buy in now! :) Either way, having bought in at 60p, even having sold twice in last year for cash, I am well up. Can't complain.

So, good news all around. But for those of us who have never been in this situation before, should we sell now or is the price likely to rise over coming months? If not, they are sold automatically by the end of the year? Do we have an option to keep them? Thanks for any advice.

I would really welcome some objective, informed insights. I assume that the markets simply don't want to buy because of risks

End Oct dividend likely to be about 0.78%? Is that right? Seems v small for such a healthy company. Have I missed something? Without higher dividends and delivery of anticipated higher SP, why does everyone hang on?

When should we expect the first div?

Sure, it is. I was just wondering if anyone knew of any substance at lying behind it. Stuartv seems to have dispelled any such worries :) Thanks. Still a mystery to me why there is not more demand for this stock, seeing as virtually all metrics look healthy, both now and for the future. Is it just the risk factor of oil/Nigeria? In which case it'll be dividends to look forward to rather than SP.

How low are you expecting it to go?

Yes I think (hope) you are right! The SP still seems to be uncertain on where it wants to go though. Most frustrating. Thinking about selling and investing in something with more sustained, if undramatic growth soon.

How significant is this?
https://dailypost.ng/2019/08/12/worries-relationship-eland-oil-gas-nigerian-govt-worsens/

There are indications that the Oil and Gas Industry in Nigeria would witness degree of economic and administrative struggle as Eland Oil and Gas Nigeria Limited are at loggerheads with the Nigerian Regulator and operator of the Opuama Field at OML 17 on regulatory matters concerning crude export from the asset.

Thanks for that. Fingers crossed :)

What makes you so confident?

So what gives???

Yes, a bit better. I am feeling more and more that the failure so far to rise is a reflection of investors being risk averse in these very poltica times. For most investors this would be an excessively risky investment at the moment. I can see why many sold at ~130 and it will rise again when confidence comes back OR when Saudi Arabia threatens to disturb global markets by witholding oil supplies maybe?

Notwithstandig what you say Stach, share price will ultimaely reflect supply-demand, regardless of underlying health of the company. If there is isufficient demand for the shares, the price will not rise. If this is the case for a healthy company, then there should at least be a periodic dividend to reflect the profits of the company. The whole world seems to be seeig falling shre prices right now, so maybe ELand is just falling with the tide. We will see.

ANybody knnow what happened after this? Is this kind of thing a real threat or cloud on sp?

https://www.vanguardngr.com/2018/07/warri-north-communities-issue-five-days-ultimatum-to-oil-firms/

So exactly why and how do miss supress share price? Are there not limits to their control over time and regardless of supply and demand? 6