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Guess if anybody is sniffing around TCM and Oozi Cats had decided he wanted out, he has the perfect block of shares to start the ball rolling shall we say. But if review and trading results healthy can see this making a strong recovery anyway.

Just checked - these are due out on the 18th September 2017.

By Warren Smith / in UK Broker Ratings / on Monday, 04 Sep 2017 07:18 AM / 0 Comments At the moment 14 brokers are covering Faroe Petroleum (LON:FPM), 14 rate it “Strong Buy”, 0 “Buy”, 0 “Sell”, 0 “Strong Sell”, while 0 “Neutral”.

These should be out later this month published on 20th September 2016 last year, most brokers are forecasting very positive results with half year turnover exceeding £90 million. Share price appears to be reacting already, but see oil price rising as well.

Whilst given previous reports from the company and some general city viewpoints the Intrim results due out on the 19th are likely to be poor, I guess it all depends on how poor as to exactly how the share price reacts. As I have said before cannot really see this one recovering until 2018.

Have doubled up this morning on my investment back in TCM but still a relatively small holding as see it as a pure gamble at the moment on sustained UP or DOWN depending on the trading report promised. As I have said before probably a decent longer term investment again at these prices but not one for the faint hearted.

Whilst I am probably looking at a more longer term 6 - 12 months can see it recovering above 250p a share with downside risk probably well above 102p of a few weeks ago, but we still have to wait for results of the financial review and promised trading statement in September.

After the sustained rally following news last week have taken opportunity to take a small investment again on the dip this morning at 150p per share , whilst I do not think this will recover back above 300p in the near future, decided it now has less downside risk, and a reasonable upside potential. DYOR & GLA PS: Was accused of being a TROLL when advocated TCM of being a SELL at 320p .

understand your comment on frustration, but prefer to think with Njord and Bauge, Brasse, Blane addition and now Centrica announcing drilling to commence early next year on Fogleberg, not to mention the exploration at Goanna in a prolific oil bearing region, of Faroe like a rocket were the countdown as begun. DYOR, and GLA

Patience with stated P2 resources last year and the Brasse additions since, not to mention licences this one is an excellent longer term investment IMO, however it will take 3 or 4 years to get to the target of 40,000 bopd with a share price no doubt making todays price look ridiculously cheap, of course that is if DELEK do not make a bid for it before then. Never personally seen FAROE as a share for the short term investor, I just keep adding as time ticks by.

What rubbish are you talking, I have had TCM as a Weak Buy for a week now and a hold before that, only indicated it was a negative stock from when Oozi Cats sold his £7 million shares and personally sold out just after at 320p so in no hurry to jump back in until after the next trading statement and a sustained trend upwards even if it meant a higher price as previously quoted. Please read my posts correctly I am not a day trader, I hold for the longer term and still consider TCM a balanced risk slightly favouring a WEAK BUY.

Whilst I use several basis for personally analysing risk at any one point in time and TCM went negative in my opinion in May when O0zi Cats sold 7 million shares, and I sold out shortly afterwards, I am now broadly neutral on TCM as a BUY/SELL awaiting more news and a sustained change in market trend. However one fact to bear in mind Oozi Cats as part of the agreement on selling the 7 million shares on the 24th May agreed not to SELL anymore shares for 180 days, it will be interesting when this period expires to see exactly what he chooses to do still being the major shareholder but having departed to say the least under a cloud.

Hasiba cannot see TCM a Strong buy at the moment with Yosi Fait still reviewing activities, cost base, etc and another trading announcement indicated for September as even any news not positive may send the share price down given the volatility at present. Whilst I am looking for an opportunity to buy back in and think even at the current price it is a weak buy would rather wait another few weeks for the air to clear a little more even if this means slightly higher price as still think it could go either way.

With the share price last Thursday trading near the one pound level, whilst I still think until the update on trading in September is given by the company there is still more downside risk, but at these price levels it has significant longer term upside potential and IMO must now be considered a Weak Buy, but the next month is still likely to see high swings in the share price. Not one for the faint hearted.

Drilling Permit gained for Goanna - Deepsea Bergen to be used. https://www.oedigital.com/component/k2/item/16036-wellesley-to...

Whilst Telit has been an EXCELLENT investment making over 400% return since 2013, and sold just after Oozi Cats dumped 7 million of his shares onto the market, and having been looking for a time to buy back in since then do not personally think this one has played out its downside risk yet and still think 100p is more likely than 200p in the near future, the post that appears to have started this thread of discussions.

Moniman I think you are being a bit simplistic regarding comments on crystal ball gazing, of course know one actually knows whether a share is going to go up or down in the near future, the real point of discussion posts is to give opinion on facts and level of risk at any point in time. Having gone through recent financial statements and RNS releases and given the fact Oozi Cats has been forced to resign under a cloud to say the least, and the BOD are looking to appoint 3 new directors presumably to strengthen corporate governance and controls coupled with the fact Yosi Fait is conducting a review of activities, cost base, etc IMO the downside risk at the moment is greater than the up, but hopefully longer term the business model is sound and the company will grow further. DYOR and make your own conclusions but yes the only accurate thing anyone can say is shares go UP and DOWN, surely then one is establishing the RISK level at any one point to BUY, SELL or HOLD

Are you predicting any rebound from here or given the trading results statement are we likely to fall overboard and drown.

Having gone back through the published accounts and data, I would agree with previous posts this company has increased the value of its Intangible assets significantly and now with Yosi Fait following the resignation of Oozi Cats conducting a review of activities and the cost base and IP there is always a danger of other issues surfacing especially given the nature of valuing such assets. Like everybody we will however have to wait his findings and reporting.

Yes having done a lot of research into this business over the last week I would conclude there is still a lot more **** to hit the fan not just the statement regarding Oozi past.