Member Info for sheltie

this is a totally non committal RNS - so a rise of c.5% is extremely good. if this closes at 46p today then I would say that is a top result. You need monster volume to get this moving by 5p when there are over 1.9bn shares in issue!! Think about it - 5.5m shares traded (so far today) is but a tiny ripple in the vast 1.9bn share ocean of HUR! Patience in large quantities will be needed here . . .

I don’t wear ‘knockers’ so it must have been aimed at someone else that RNS.

Price of Oil this morning - should do the trick very nicely! Uptick today has to be nailed on surely!?

Yes, if being honest I should be a little more 'balanced' as I'm probably too overweight here. In turn, I am maybe a bit too dependent on HUR's share price flaring! Fingers crossed and good luck with the portfolio - and the parenting!! Both equally taxing!! ATB

Mr Partridge ECO has far far less shares in issue (184m) so it will move both up and down on not a lot of volume. HUR has about ten times that amount! Hence it needs a heck of a lot of buying (or a major re-rate), to move it by, let’s say 10p. I’m like you, I expect a more muted response of say 20%, should the flaring be qualified with a RNS from HUR in due course. Well done on ECO though, as that’s a very tasty performance this year! I’m jealous! Either way, HUR is a very exciting company to be invested in and I’m in here pretty deep; so am hoping for a great final run in to Christmas here. . . . ATB

You would have it put down, as it tries desperately to stay alive - month by month. This company is in a very very tight spot here & entirely dependent on others; be that the FDA or its lenders. We are 'where we are' for very good reason and there is nothing in today's update that warrants any kind of uptick. This company hangs by the slimmest of threads. ATB

simply because a) the free float is tiny here and b) as a result of a) it takes very few trades to make this rise or fall steeply. You just need to ride it out with Bango. This could quite literally be £1.50p by this time next week, once the markets have stopped playing 'hand-bags' this week! ATB

From Investors Chronicle last month: “This is a company that has passed the inflexion point where operational gearing is set to kick in big time. That’s because with a stable fixed cost base and the business generating cash, a high proportion of incremental gross margin earned on rising revenue is set to convert into profit. And that’s simply not being priced into the company’s enterprise valuation of £60m. If Bango can maintain the current EUS run-rate then it will be generating in excess of £2bn of EUS in 2020. Moreover, with a stable cost base and a stable revenue margin, operating profits should soar and warrant a target market capitalisation more than double the current level.
So, ahead of the half-year results and the introduction of profit forecasts by newly appointed house broker FinnCap, I maintain my view that the shares, which are trading around the entry point when I first initiated coverage are well worth buying. I also note that Bango’s share price appears to have formed a multi-month chart base formation with key support successfully tested at the 80p level on five occasions. Strong buy”. In my opinion, most should be looking to double their money; even if they were only to buy shares in Bango today. ATB

On Thursday, May 9th, Roy Kelly sold 3,527,501 shares of Hurricane Energy stock. The shares were sold at an average price of GBX 45 ($0.59), for a total value of £1,587,375.45 ($2,074,187.18). Shares of HUR traded down GBX 0.02 ($0.00) during midday trading on Friday, reaching GBX 40.78 ($0.53). 6,594,487 shares of the stock were exchanged, compared to its average volume of 4,750,000. Hurricane Energy PLC has a 52 week low of GBX 38 ($0.50) and a 52 week high of GBX 64.50 ($0.84). The firm has a 50 day moving average price of GBX 46.91. The company has a market capitalization of $811.62 million and a P/E ratio of -13.15. The company has a debt-to-equity ratio of 31.58, a current ratio of 1.93 and a quick ratio of 1.84.
A number of analysts have weighed in on the company. Royal Bank of Canada increased their target price on Hurricane Energy from GBX 70 ($0.91) to GBX 80 ($1.05) and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 100 ($1.31) target price on shares of Hurricane Energy in a research note on Thursday, July 11th. Canaccord Genuity dropped their price target on Hurricane Energy from GBX 100 ($1.31) to GBX 95 ($1.24) and set a “speculative buy” rating on the stock in a research report on Wednesday, July 17th. Barclays assumed coverage on Hurricane Energy in a research report on Friday, May 17th. They set an “equal weight” rating and a GBX 75 ($0.98) price target on the stock. Finally, Morgan Stanley reissued an “overweight” rating on shares of Hurricane Energy in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 87.50 ($1.14).

thank you!

thank you rylidan. Do you know the payment date?

any chance you can tell us what the dividend is and when it is paid as I have finally given up looking for it in this lengthy document!!

From today's Daily Mail:- "Petra Diamonds bounced back strongly from an all-time low as management came out fighting and denied the company would need to issue new shares to reduce debt. Stock in the company, which owns one of the world's most celebrated mines – Cullinan Mine in South Africa – closed up 18 per cent, or 1.85p at 12.1p. But broker City RBC cautioned: 'With a market cap of around £90 million on net debt of £460 million, shares are likely to remain volatile in the near-term". Not exactly anything we didn't already know. . .

They'd need to issue a RNS regarding recent falls. Shame they took so long to say they "knew of no reason". I am somewhat unimpressed by that lengthy delay, as it should have been posted last Wednesday!! It's not rocket science this.

! Wow !

Article in The Daily Mail today, explains the hefty falls this week. The falls being on the back of the need to raise large amounts of cash (through equity financing), in order to re-finance c.£475m of debt. Berenberg were given the nod and a wink and subsequently changed their minds on Petra Diamonds and slapped a “sell” rating on it with an 8p target price. With diamond prices so weak they said, that their projected cash flow will be reduced as a result, leaving them looking vulnerable. At this current price they certainly won’t get it away at 8p. Discounted to 5p seems more likely. Sadly, further falls next week look very likely now. Unreal really, but the massive debt is killing this one in fast order...

. . . but expect a small pull-back next week as some profit taking kicks in. Could be a good time to top up at that point; as this has plenty of legs in it yet?! ATB :)

Yes it’s a bit like an arduous climb. Get to the first summit (£1.51p) before setting your sights on the next one at £2.01p! Makes it all look a bit more manageable and achievable that way, I always feel. . .

Looks nailed on now, as the profit takers have now left (as was to be expected, after a sharp rise from 80p). We may well find that we reach £1.40p in short order too. Looking very Strong from here this one. . . ATB

are you with Barclays? I can get £10k worth, (dummy buy) with no problem. Let's face it, they're hardly short on stock, after this week's mega sell-off!.