Member Info for Shurething

Not sure what this means re. finances, but as far as I am aware they are not in trouble. UK delisting should save them money and make them an easier acquisition. I have just bought another 50K. Why should they halve? No reason!

About 5 or 6 years ago Radio 4 highlighted the problem in the UK with the lack of gas storage capacity. There is little problem with supply (contrary to popular and government opinion) as Norway has a single field that is scheduled to supply us for the next 40 years! But our short-sightedness and lack of commitment to projects like this one is unbelievable. Our politicians and media spout on and do virtually nothing! This construction work would provide jobs, profits or savings for everyone and help to conserve gas in times of need. Come on Portland!!

the Obama factor I presume. Favourable news on increased carbon emission commitments in Obama's speech perhaps, as well as the increasesd carbon trading in Europe.

Tried to buy more, but there are few shares on the order book.

At this price are they ripe for takeover by Centrica? Potential savings for the customer and increased profits for the company - medium-term. The winter to summer gas price ratio is generally between 2:1 and 3:1. The 500 million investment would take small time to claw back and Gordon Brown should be encouraging this type of enterprise above almost all others!!!

This is probably the reason. Sale of ..... ....... nickel project (direct and indirect interest 25%) for gross proceeds of $40,695,954 (US$39,005,832), generating a profit to the Group of $20,239,149.

The shares are suspended!

An excellent medium to long-term play I believe.

The next thing I would expect to hear, if we are dealing with a well-run company, is the dismissal of Ennstone Inc.'s managers who made the blunder. Severance might result in them losing a few key staff but saving a lot of money! How about it Ennstone? Phone calls and letters to Head Office please! Also could be raised at the AGM if they do nothing. If they do nothing there could be a vote of No Confidence in the UK management! A shareholders' buyout is on the cards. Perhaps some LSE bloggers wish to apply for positions? I would!!

I agree it is not only 'not right' it reflects poor management. However, in the turmoil that is our present world it isn't the worst case, or even near the top. We, the shareholders have little control over these matters. As jaymbee suggested, there could be a flood of phone calls and there probably will. If the company management has sense it will be more open about its negotiations and decisions in order to placate us, but don't hold your breaths.

Hello Magician, thanks for the communication.

Any share that starts the day up by so much - 22/24 (for cash reimbursement reasons), and then retraces for no apparent reason (I bought at 19.5) is worth a punt. They have more cash to spend (higher than their present capitalisation) and are therefore likely to be revalued or else be a takeover target.

These had a share dilution last week and fell to 20 p. I suspect the fall to 13 p was, in part, due to a fear that the rights issue would not be fully subscribed and also in part due to ignorance - people seeing an apparent fall, without knowing the reason, and then bottling out. It is now rising and should settle at about 17/18 I suspect. It was too low at 13.

Six sell 6.25 buy.

I agree. Stoplosses with 'small' shares? There's little point with a company like this. Set a stoploss on how many - 20,000 to 40,000 perhaps. I bought 180,000 at 3p, so would have to set stoplosses over 4 or 5 days.

These will bounce back up now. The MM trying to panic people so they can panic people, lock them in.

Nothing to worry about as far as I can see. They announce something worthwhile (and the stock was undervalues anyway), and the buyers respond.

Buy price 5.25 sell price 4.75.

Caution though! The late trades were probably balancing trades. Buys might show as sells or vice-versa. Just my thoughts.

A dangerous play I think. Who is really brave? Not me!