Member Info for taudelta

fractional, not factional)

.. hi, shan, CM... was referring to weird as in "law of averages", buses in threes etc (i.e. half the Kop is parked in the LSE TRCS BB)! Talking about insults though, I recently heard a guy whose sentiments are for one of the London clubs refer to us as "hub cap stealers"! (although maybe he was thinking of the Toffees). Difficult, but I try not to think about the market too much, just look for divvy growth potential (function of both the growth potential of the markets the co is selling into and also factional return on equity ploughed back into retained earnings) together with minimal risk that the actual outcome will deviate from the "calculated" outcome... theory being that in the very long run sps will follow divvies. That plus (for fun) a tiny portfolio "tail" made out of a bunch of outrageous oil/gas exploration stocks that may never declare a divvy!

TRCS has an ultra-high ROC, as do many software cos in general because the "true assets" are the co's collective creative brain power, there aren't any significant tangible assets in the balance sheet. This is great... but with a big fly in the ointment ... it attracts competition.. rival start-ups need negligible finance to set up... For what it's worth folks, I only ever invest in a software co if its products are highly proprietary through deep specialist knowledge of the particular protocols of the industry it is selling to. Hopefully TRCS comes into that category as you can't help run a railway if you haven't been seriously into railways for a very long time. (This BB is weirdly populated, me too a Kopite!)

Today's Times reports that forthcoming Queens Speech will include legislative proposal that horiz drilling will no longer be regarded as trespass.

Reckon for IGAS: production valued at 3.5X gross profit is worth 55p/share, and exploration acreage very roughly 128p/share, total 183p/share. SP 119p therefore selling at 64p (35%) discount. EDR: production too small to generate profit at this stage; net value of assets farmed out 13.5p/share, net risked value of other exploration assets 23.5p/share, total 37p/share. SP 20p therefore selling at 17p (46%) discount. Dart: haven't cracked it yet as maths on their farm-outs a little challenging.

Kens, this a "holding" message to you ... need a little time to work some maths, but will be on the case...

Sure... might make sense for each of us to look at one parameter across all 3 cos... take your pick out of 2P+2C, or farm-out model, and I'll do the other...

Kens.. have you got a handle on valuation comparisons at current ASX SP, versus EDR and/or IGAS, e.g. by looking at 2P+2C mboe/market cap or else valuation implied by recent farm-outs?

Hi kenstaff

New presentation video by CEO is on Proactive Investors website ... nothing new spoken, but useful overview.

Does anybody follow Countrywide Farmers, WYN's principal competitor? (COUNF shares are a restricted market... traded by monthly auction in Asset Match (care of Share Centre) ... but they have announced the intention of moving to the AIM at an unspecified date).

Hi Kid... have now caught up with Bberg ... not sure there's anything new in their story... I read the comments by provincial politicos in a context of disenchantment with current Peronist regime, and elections on the way, which many incidentally think will improve the business environment. Maybe we have to accept that bargy is inextricably linked with Argy?!

Makes very high quality floors (I've got two of these (Karndean) in the house, but main biz is industrial/commercial) ... and pays an increased divvy year after year ... I don't really want it to "go" anywhere else!

Seems to be two reasons for uptick... Westhouse Secs positive reaffirmation ... and also, an interview given by CFO Rantfl to Bloomberg.. haven't tracked it down, but seen a report of it on the Argy newspaper website lavoz.com.ar .... no news but trumpets AEN's extensive ties with YPF.

Hi Tailender ... Agree re great fundamentals & valuation. I would agree with last sentence if you dropped the word "logical". Think there is a fashion element. N Sea unfashionable versus onshore shale gas. Maybe FPM is for value folks not high risk players?

Repsol have agreed compensation for the confiscation into YPF. Should help attract more interest into area, increase farm out prices.

interim way below (overblown) expectations... but we should expect growth to be lumpy given concentrated yet constantly evolving drug portfolio ... see the fine detail in the statement.

Maybe reason is your Thu 09:57 post, Walkley!!

Down pressure reversed this afternoon with persistent buying on upticks. Any thoughts people?