Member Info for sheltie

May I once again, today, remind you of a certain company by the name of Rockhopper which, just like Hurricane, found large reserves in the Falkland Islands. At no time, at the time, was there any news with regards to how this large amount of oil might actually be recovered. That however, did not prevent its share price moving from 31p (not its actual low) in October 2008 before rising to over £5 by September 2009! You have sold way too early. HUR “over hyped” I don’t think so! ATB

Guys, drop it. Let's focus on HUR and give the UKOG cross-over a miss.

ifonly1....I said that to myself at 38p! Luckily I ignored the fear and have bought three more tranches since. On just these increases alone, I have made over £10,000. Fortune Favours...I also used to own Rockhopper which went from 30p to over £5. This has not even started yet. ATB

...."it looks a smart deal to me and to analysts at WH Ireland too. They are considering making material upgrades to their previous 61.8p target price". Sounds like that will be in the region of 80p I reckon. ATB

Full page article on Bango in this week’s edition, finishing with a Buy recommendation in the run up to September 18th and also in light of Odey Asset Management increasing their holding (also in expectation of strong numbers). This has more than a strong whiff of a return to the £2.50 mark. ATB

We enter the FTSE250 at exactly number 200. Bring it on in September, as it will make a real difference - in a positive way (review products circulated on September 5th 2018 and effective 24th September 2018. Have a good day folks.

Short term comment: "Even though the long term trend or scenario is bullish, in the mid term it just stands for neutral. Only if it could rise above the first important resistance at £20.40p, intermediate terms would be bullish-biased together with the long-term structure".
Long term comment: "From some months ago, long-term scenario remains bullish. Exhaustion signals that could alert for a trend turn, furthermore, are not yet noticeable".
Technical analysis: "Bullish in the long term, although it must still break above the resistance at £20.40p to slightly improve in the short term".

apologies. Resistance 2 is £22.56 and not £20.56....just gets better!

Trading Resistance ‘was’ £15.36. Resistance 1 is £20.40 and Resistance 2 will be £20.56. “Bullish in the long term”.. . .Berenberg Bank reiterates it’s “BUY” rating with a target price of £26.90 (so far every single target price that they have set has been met and that goes back to £2 set in 2013). All figures taken from Barclays Stockbrokers this morning. ATB

mostly Autos but certain that many were trying to catch it last week...

Last week was, as expected, fun! Always going to be volatile last week and nothing more than a storm in a tea cup. Oh and a very handy tree shake to enable the fat Institutions to get in for less; which they duly did. Back to normal by the end of this week...nothing has changed here. It is still a very tasty investment for those not trying to trade it (basically you will find it extremely hard to from now on!). ATB

Hi Ivy I guess it’s more related to actual sales volumes and hence why I was asking what sort of timelines they expect their sales in? I had a figure of maybe $250m by the end of 2020 but that’s just a pure guess. Nobody out there seems to give timelines when they quote the sales/target prices - unless I have missed something? Obviously sales will not be achieved overnight but I am just wondering what sort of times it might take to achieve a first three figure milestone of $100m. $28 is great but it’s related to sales volumes, which at present are zero! See what I’m getting at here?! How fast can MTFB start to generate revenues and create a meaningful share price based on fact (multiples of) rather than, at present, where any valuation is being guessed at and arrived at via volumes of shares traded and sentiment; both of which are particularly poor here. . . .it’s a conundrum for sure! ATB

Hi Ivy I can’t really see this very well 9n my mobile phone but do they come up with any kind of timeline on their target price of $28?

Jimzi I suspect that their target price is for a ‘post approval MTFB’. In which case, £1 might well be achievable next year and that’s about a c.£300m valuation. For me, this would be about right for 2019 / 2020. Best not to expect too much too soon, as sales traction will not be achieved overnight in this particular sector...

If I had £1 for every correct prediction of yours, I would still be very poor! Sadly, your ‘transformational’ prediction will not be happening any time soon. Best to extend your horizons to 2019 as this year will prove very disappointing for you otherwise! We shall see, but this will need much more than a ‘paper’ partner deal. It’s called “approval” and once that happens, next February, then this vehicle will really move onwards at speed. Just my view, but September is way too early for such lofty ambition! I would love to throw out such flighty views, but in the interests of being real, it is just not going to happen! Bet you £1 that I am correct with my c.40p prediction by year end! Don’t spend it on sweeties though! ATB

I strongly suspect that those days have gone now. This will fall back far less than a normal ex-divi date I reckon as it’s not even made it in to the FTSE250 index yet! The Funds haven’t really got stuck in yet. I am very confident of seeing £25 within the next eight months here. ATB

Looks like we’re pretty much on the same page. Thanks for your thoughts and have a good weekend; fingers crossed for the next six months.

OK fair points all Ivy, however, let me put you on the spot to see if you can quantify in share price terms your thoughts! What price have you in mind by the end of 2018? Give or take?

Ivy with regard to partners. Why would this make the share price rise by more than a few pence (5p / 6p?)? Surely they amount to little more than ‘letters of intent’ and would remain so until formal Approval in February 2019? What’s to partner with unless it gets the go ahead? This is why I personally don’t expect much more than 40p this year. If results and acceptance didn’t move it, then only formal FDA approval will? Only my thoughts of course, but I am not expecting too much this year now. Once approved, then truly £1+ in 2019, at some stage, has to be expected.....it’s only six months off! ATB

Nice find and EXACTLY what I have been banging on about! Whichever metric you look at, Plus500 is a screaming buy!