Member Info for Stupmy

Crl, I've been offered shares in the placing at 45p. As you say, not much chance of that panning out well when I can buy them on the open market below 40

I started buying yesterday and have been adding this morning. Spread is big for my leveraged positions, better for shares. I've been getting them at market price. Although I assume that it went into auction as for the last few minutes I've been unable to get a quote.

Nicely written Dumbly, raised a smile from me and taxes for them

Yes Jan, I was just getting positive about the SP and it turned negative. My observation on inverse converse sentiment/SP relationship is holding firm, sadly not so much our SP.

Jadestone Energy ‘extremely undervalued’

Gas and oil production company Jadestone Energy (JSE) has faltered on concerns over production and funding, but SVM manager Sam Vecht believes these are ‘misplaced’.

Vecht holds the Citywire Elite Companies A-rated business in his SVM World Equity fund, where it makes up 3.8% of the £12.5m portfolio.

In the most recent update for the fund, Vecht said the stock had been the largest detractor despite full-year results being ‘largest as expected’.

He said the falls centred around ‘concerns over funding and full-year production’.

‘We feel both are misplaced,’ he explained. ‘The group is in the final stage of funding discussions to agree a reserves-based lending facility which should resolve the former and given the experience of the last 12 months, management are rightly being conservative in their guidance for the latter.’

Vecht added that the stock is ‘extremely undervalued at current levels’.

The shares traded sideways at 49p yesterday.

When we're upbeat the SP falls, now we're talking about production hiccups that might or might not be material, the SP is rising. I'm not complaining, bit of relief at least. Maybe something else is happening in the background that we're going to hear about soon? Dare I say 'a leak'. Although I'm not a conspiracy theorist so it's not probable.

Lovely thought, but the taxes come off before we get to pay off debt.

Up beat Whizz Air RNS this morning. But it's 'moving in the right direction', rather than actually making a profit. Might not be viewed particularly positively.

It's incredible iP, the strikers and the demonstrators have the country by the conkers. As a general rule, hearts and minds follow that kind of 'hold'. We really could do with some strong leadership and put a stop to this nonsense.

Thanks Stille same for you and a few others on the board. I'm sanguine about TUI, might still get the shares back, but I probably have too many anyway so it's not important to me.

Donalb, spot on. Go to the base data, it'll save getting confused by data presumably copied from one out of date or bad source to another via lazy reporting.

Indeed WackWack, we are where we are. No-one can see into the future so whatever methods you use you're guessing about it. I still think I'll that 517 - 525, but it's a long way from guaranteed and it's not easy to know when we'll see it. I won't buy back my shares unless we visit that area. I've not sold anymore so am still holding a lot. Interestingly, what has been crystalised from this RI thanks to discussion on this board has helped me make two good trades on PANR for good profit over a short time span (I'm hoping for 15.25 to re-enter there) and I'm trying it on JSE now (entry around 42). I'm not planning on holding them, just trading around the principle that the RI is finished, the SP dipped below the RI price and any rise will be sold into (distribution) for a while until the mechanics are dealt with. It doesn't really matter if I get my TUI shares back (although I have a lot of confidence that TUI SP will rise substantially) as there are lots of other rabbits in the field

Mike, I'd imagine it's others doing what I'm trying to do. In a way it feels stupid as I'm very enthusiastic about HBR, but I've learned over the years that it's often worth the risk to trade around you position. I've been doing the same with TUI, but my latest attempt might have failed as the train appears to be leaving the station and I'm a little lighter on my position than I'd have been if I'd done nothing. Time will tell.

Merger or no merger, the pressure is on for this to fall back to 240 or below. I'm not around that much so have set a limit buy at 240 for today. Otherwise, if that doesn't trigger I'll be watching closely tomorrow and do it manually.

For me Shave, that would be a premature volcano in fact.

I hope we do Shave, or I'm 5000 shares light on my trade. I can't buy back unless the price drops to or below 525 and I'd prefer it to be below 517

I re-entered yesterday with half of my original position. Was starting to wonder if I'd misjudged that, but am now 15p up. I can't help wondering if we're going to see 392 or higher.

From a TA view it looks like there's some potential for an interesting move. I'm starting to watch closely. I favour the upside, and should the price close above 35, I think there's a very reasonable chance we'll see 53/54. I'm long and under so that would suit me. I'm considering adding here.

Spin, we're no more flawed than any other species that has evolved over many millenia to arrive at what we are today. What is flawed is our ideal expectation that we will only see the positive side of human nature in our oh so privileged modern societies. Our societies and the expecation of our intelligentia have moved too fast for our baser natures. We're doing what we were programmed by evolution to do. Many of us think we should be better and we don't like the fact we're not.

Fingers crossed ENQ comes good. HBR in talks with Talos in the GOM for those interested (relevant posts on the HBR board).

I'm glad I'm only trading with 10% of my holding as this news could release some value here. I strongly believe that it's a great company. The EPL is a nonsense that has pulled the rug from under our feet, but 'transitioning' away from the UK is unlikely to hurt our SP, particularly as we have current assets in GOM.