Member Info for Ramptastico

More and more late reported huge trades coming through all the time. 50k buy since I wrote that last post!

Clearly more institutional buying today as well with those big round trades in the the £10s of thousands

Great breakout yesterday. Completing the backtest today which is good to see. Nice safe entry or top up price from a technical analysis point of view.

Very early stage though so to be expecting. Loss due to aggressive marketing spend.

They've had no less than FIVE revenue forecast upgrades since floating in late 2016. Surely a very bullish sign, as they're performing massively ahead of the expectations set out at IPO.

Pretty high volume day today +11%

Trading update this wednesday/thursday according to Paul Scott today, who has said he is CERTAIN this will be the case

Thanks for the Turner Pope, hadn't seen that before.

Nice bounce at the end of the day to test resistance in the 31p area.

Looks like this is only going one way.

Not too pleased about the 25p exercise price on the options today though. Essentially free shares to take the business nowhere.

Seller slowly clearing. It is a matter of "when" not "if".

I predict we'll see some TR1s from more or indeed existing institutions entering/topping up.

UK Biotech, £30mil mkt cap with a (very) conservative $180m dollars coming to it from a blue chip client. Yes please!

He's probably talking about US nat gas prices, which are totally irrelevant to Serica, and have also just started 23 hour trading days so will very volatile for a while.

Phoenix sold to reposition into the shares in their portfolio they feel are of greater relative attraction. Check the most recent Aurora Investment trust report for November (trust is run by Phoenix in same fashion as main fund)

It shows just how transformational this news is for Avacta. It has convinced a long term institutional seller who has already racked up huge selling fees to start buying back in. And at a time when the wider market is so weak too. Bullish sign imo.

IP group were also happy to take 18% of Avacta back in the placing. Very reputable company. I'm guessing they had some knowledge of this huge LG Chem deal...

Sellers will clear soon. Some interesting trades reported at the end of the day there. Big sells from institutions but also massive buys in round blocks. Looks like institutions selling to institutions? Great value provided here due to wider market meltdown

We're 100% gas aren't we?

CEO Mitch Flegg on BKR Deal Conclusion https://www.youtube.com/watch?v=Na9bpeA1POQ&feature=youtu.be&fbclid=IwAR1r2UO4v_JjuVKPkPaliutmXJDHReI_SvXdcYzpcH5zB-ir2ZgSSPca-GU

This is by far the cheapest north sea operator on the market! Love that they've already returned £1.50 to shareholders and have bought back lots of shares already. Seems like the herd or institutions haven't arrived yet either! Plenty left in the tank here.

No one going to talk about the RNS we had this afternoon?

Hi guys, after a lot of thought, I have sold 2/3rds of my position here. It was itself 2/3rds of my portfolio so thought it prudent to derisk, as currently funding is clearly a problem and the thing we need the most. Still have 23% of the portfolio in IOG. Have moved it into another stock, and hopefully will be able to buy back in greater £ amounts in the new year following gains in that. Still hugely bullish on IOG and like the project and management. I am sure it will come good.

We've said we specifically buying the "onshore Thames Reception Facility , where IOG's fully-proven, 550 MMCF/d capacity Thames Pipeline lands at Bacton Gas Terminal on the North Norfolk coast."

This leads me to believe we won't get the whole terminal as I must admit I previously thought.

Maybe wait for Bacton news and top up after that. I'm not selling any yet, 21p average so not underwater, but today has erased most of my PFs gains for this year.

I ask again, what is the distinction between Perenco Bacton Terminal, and the onshore thames reception facilities at Perenco Bacton. Is the implication that we're only buying a small bit of Bacton not the whole Perenco terminal? I don't really get how it works tbh. Perenco were advertising for jobs at their Bacton site just a week or so ago.

FinnCap research note out this morning. Positive on IOG. House broker VSA also reiterated their 92p/share target today FinnCap: https://twitter.com/Naan_Deal/status/1068127192922681344

and

VSA: "Independent Oil and Gas (IOG LN) has provided an update on progress at its Southern North Sea gas project. Our analysis of the initial phases of the project resulted in a risked NPV of £215m using a CoS of 60% and 10% discount rate and given that we conservatively used a 45p/therm gas price (spot is currently 65.5p/therm) we believe that the economics are robust. Engineering work has been completed ahead of the execution phase, however, recent equity market volatility has prompted management to delay financing until the New Year given the company has sufficient near-term working capital from existing resources. The upfront project financing has been significantly reduced by contractor deferrals and IOG anticipate the upfront figure to be funded via a combination of senior secured debt and new equity. Currently we value Harvey as an analogue to the SNS project rather than as part of our DCF model. However, we anticipate that Harvey could potentially be included as part of the SNS development and with the company planning to drill an appraisal well in early 2019 this could further enhance the economics of the project given Harvey’s current mid case prospective resources of 129 BCF. We reiterate our Buy recommendation and 92p target price."