The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Good news for the medium term and for longer term investors in the Chinese market.
http://www.lse.co.uk/sharecast-news-article.asp?shareprice=&ArticleCode=28468792&ArticleHeadline=London_close_Reliefrally_kicksin_after_China_stimulus_US_jobs_data
Good luck, spindok. My serious diagnosis came Oct 2016 and I spent Xmas Eve and the following week in Aberdeen Royal in the hands of superb NHS docs and nurses. When you realise your life is unexpectedly limited in length. the daily visits to the bb become a useful distraction. I really don't care if I win or lose. it's fun to watch the market shenanigans.
JP's words were "Perhaps you want to understand what 31TCF means for your investment?" in his introductory statement to shareholders and potential shareholders.
Fortunately I made money when I sold SOU (bought at about 13p), but I could have made much more if I'd sold at the right time. I have bought back in to SOU, this time splitting between SOU and ECHO. I'm "betting" on one of them being successful ie their sp will reflect the true value of the company.
Having permitted shareholder value to be stripped to the bone, what is the company doing to recover any sort of position? I guess "transformational" has been dropped from the narrative for a time.
https://www.youtube.com/watch?v=rhXSRF2ztQ8
Brent crawling up by the second now:
https://markets.businessinsider.com/commodities/oil-price?type=brent
I came into SOU a couple of years back by chance looking for good oil and gas stock. I always look at the board to see if there are people that I know, however slightly. I had worked in Shell new business development and recognised JP and I had some confidence in him. Then I got a glimpse of ECHO and thought it had good scope for growth. I guess JP brings something to both companies. Though I'm not always convinced that big company men are a good fit for small companies.
I believe that ECHO is a good stock on the basis of the exploration potential.
I believe that SOU has a lot of potential in spite of the failure of TE-9, and irrespective of TE-10, 11. So I remain in SOU on the basis of existing discoveries at Tendrara. the production concession and the potential for sale of the company. I don't want to miss out on that sale.
I remain an investor in both companies but I think they need to be watched closely with profits to be taken when appropriate as the prices rise and fall.
Qatar informed OPEC it will leave the organisation. https://www.opec.org/opec_web/en/multimedia/349.htm
I'll be very content if the managers can push the price of JMC up to 300p. With a 52 week high of 345.00p, this seems a reasonable target. Medium to longer term this investment trust could go much higher.
Among JMC's biggest holdings are China's Tech giants, Alibaba, Tencent and Baidu.
James Anderson considers China to be the future.. https://www.moneyobserver.com/opinion/james-anderson-forget-naysayers-china-still-future
"Alibaba’s rise ... is a harbinger of an age of Chinese progress and global leadership that is barely grasped in even the most ambitious forecasts"
DYOR
Thanks, spindok. I use dividends from larger companies to fund my "gambling" on smaller cap companies. I got into ENQ after I saw an article in the Glasgow Herald. I wanted a North Sea focussed company in my portfolio and ENQ seemed to fit.
I'm spending this week trying to understand Top Risers, to see if there is a way of making money by short term buying and selling on these specific performances.
There was one year I reached my tax free limit on capital gains by buying low and selling high, but I kind of lost interest.
This sounds fun. For me 60p is a "double your money" position. On past experience, I will then watch the share slide back to the sp at which I bought in and I won;t take the profit that is on the table. I'm not sure I'm cut out for AIM.
But I'll come to the DYM party.
I bought into SOU again this morning. I promise this time I won't be greedy. I'll take a modest profit if I can. Let's see how SOU and ECHO sp follow each other. They both dipped to minimum at same time. Shared sentiment?
I bought therefore I must have an opinion.
I think wild dogs (wadi dogs) are everywhere in desert areas. Occasionally adopted by rig crews as pet or as dinner.
abzzba,
I'm not an "oilfield hand" by any means. Originally a marine biologist and for 30+ years worked, much of it in new business development assessing HSE etc risks for M&A, new country entry, new licences. Everything from licence block acquisition, exploration, production, decommissioning and abandonment. North Sea plus Liverpool Bay and Moray Firth to Oman, Malaysia, Alaska, Russia and Arctic places. I was on a fair number of the big platforms (Cormorant A, Brents and SNS gas platforms).
I have been in the stock market since my first BT.A shares many years ago and occasionally I try to spot a likely share for a quick profit, and sometimes I succeed, if only I could overcome the greed that tells me to hold when I should sell.
So I'll pitch in at 1000 bbl/day.
Here it is some years since your post and the stock is at under 60p. I'm putting this on my watchlist for a while. Let's see if it gets into a steady upward trend..
I can see JMC starting to rise over the next year given the interest in the Chinese market. There is good headroom for a rise back to the £3+ mark. I made good profits out of JMC right from the early days when they launched at 100, fell to the 20 then got into a steady rise.
I think it is about time for me to enter this market again.
https://www.investmentweek.co.uk/investment-week/news/2441517/why-scottish-mortgages-anderson-is-not-fleeing-china