The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I have noticed in recent times sluggish mornings and rises in the afternoons. Heres hoping for the same today
Thought this excerpt was particularly of interest to those nervous Pis
"Meanwhile an extensive hedging programme has kept the group's received oil prices well above the pretty ugly market price, and looks set to continue doing so for much of the next year. Further efforts to reduce costs have also yielded results and, as a result, Tullow looks better placed to weather the current market turmoil than many larger companies, at least in the short term."
This small dip a good time to grab more shares. Grabbed another 73,000 shares earlier. The picture is certainly looking better in TLW and two days of news we are all wanting to hear. Not sure about others but for me this gives me more confidence in buying more at a higher price. I have set a limit of buying up to the 40p mark (news dependendant & funds dependant) as up to that level long term its a good shot for a healthy return (more than double your money for a £1 sell as an example).
Although the picture isnt exactly bright overall, what has got myself and others this morning to add more is the feeling that TLW are starting to take charge of things in very tough trading times.
This is exactly the kind of moves we that have been sat in this share a long time have been waiting to see.
Would like to say those with despicable tactics cheerful at peoples losses or wishing losses on others. We all are here to make money. Those of us been doing this long enough will have been burnt numerous times over the years, and also missed life changing opportunities by not buying at the right time. Equally we will have known the frustration of sitting on large paper losses and also the itchy finger to sell when sitting on large paper profits.
Imo if over the years you have made more than you have lost thats always a good thing. I myself have on the whole been succesful, and although I would not say my profits in various trades and shares taken since 2009 have been life changing, I do feel this opportunity to buy tullow at these prices is one that can be exactly that. Life changing.
Those of us may remember the rise up to £2.50 then in the £5 level. And then above £10. Then trading back into the £4-£5 range and then the £1.65- £2.50 range, and in more recent times sub £1 but above 50p trading.
Sat with an average of 25p, and enough shares that if this went £5 or above in my lifetime, will be life changing. I do not feel it is too late for others to get in. I think anything sub 50p is a no brainer IF you are willing to wait. These prices were not seen since the 1990s. Even if you have concerns about the longevity of the company, at these levels its worth just taking a gamble.
Lets see were this goes over the week. So glad I topped up at 18p and 15.6.
1: 63,000 approx shares
2: 430458 shares held
3: 24p average (tips into a minor profit)
I was looking for a £5 sell within a 10 year time frame, but apparantly some guy and a message board says it will happen by friday. We will all be rich by friday. incased its missed..... *sarcasm*
Im reading across all message boards and also articles the consensus that post Covid will cause a prelonged negative impact on oil prices in the context of reduced demand. I was hoping to engage with others the thought process that post covid 19 world may see oil prices increase based on two factors. One factor is that most countries will be looking to push industry hard to recover the impact of lockdowns etc. The second factor could potentially be the sidelining of green energy in favour of fossil fuels. I have read several times that Green Energy has been a looming elephant in the room for the fossil fuel industry. However it could be post Covid 19, that the primary goal of getting industry back on its feet could see the Green Energy side of things put to a back position. I guess not least as this crisis has seen many nations look at self interest in many ways, and they may fail to find any kind of meaningful consensus on the green issue for some years. I think this covid crisis has highlighted our differences in the West. In my industry we deal in both import and export to China, and they are already getting back to business as normal so to speak. One of our key suppliers in Shaoxing has actually highlighted the determination not only to get back to normal production levels buy to push harder to exceed normal quotas.
I could be way of the mark but its something to think on
Hello all I often read the boards but very rarely post these days. I started my investing/trading shortly after 2008 and had a few very succesful trades. Had a few disasters such as Xel Mta & Char, but its one of those things. Had a a long history with TLW and remember trading in the £4-£5 region as well as the £2-£3 region. Could not believe my eyes to see it in the 60p level recently and started trading around that time. Got caught out on the recent coronavirus drop, however have now averaged out to 26p.
I would just point out that these price levels are really once in a lifetime prices. My dear old dad purchased these at around these levels in the late 1980s and ended up selling around the £2.50 region in 2005 (wish he held until 2011).
If you dont need the money it is certainly worth just putting it into this and looking away and looking back in 4-5 years time. We are far from in an ideal scenario here, but I dont believe personally we will see these prices again. Infact im kicking myself for not buying more at 10p this week.
I figure if you are willing to risk your investment turning to dust we are so close to the bottom that theoretically up is the only way. Its highly likely that at these levels you will make some kind of profit in a 4-5 year timeline.
certainly does raise concerns for long term investors. In the short term even the article highlights its business as usual. My concern if I was a long term investor from that article would be the potential threat of angel funding/money. I dont personally believe that the ability to attract and employ skilled labour as a massive issue, particularly as the current Govt have stated their intention to remain an open nation for skilled labour to come live and work. Even worst case scenario ie a rigid visa/points system, would not neccesarilly be problematic, as essentially the whole point of a points based system is to ensure those higher educated skilled labour are still able to make it into the country by the very fact they would score a high number of "points" My area of concern around "angel funding" would only occur if we do not thrive outside the eu. If we happen to stagnate or receed economically then certainly funding may be potentially an issue in this industry, especially for smaller firms looking at funding. But as the hardman and edison reports allude to, there may be potential for co-operation with larger firms before needing to raise further cash. I suppose also trx being fully funded for 2017 is certainly beneficial. Either way I would have hoped to have my sell by then, only hoping for a 4-5p uptick and that will be a nice little profit.
Thought this worth a go as entry point attractive. Seems to have a trading range of 15-22. Had a quick read on both edison and Hardman unless i skimmed through too quick their price targets are 32p and 44p. I also gather that the company will have a positive cash value up until end of 2017, I believe any further funding wont be needed until 2018. This certainly COULD be one of those with potential for multiples of the current sp, certainly double at least. However I myself will be looking simply to exit upon a 5-7p increase which seems achievable from here.
I may have suspected why people arent switched on to this share. Perhaps it is the lack of quick profits and big gains. Think this will see old levels personally, albeit on a longer time frame than other miners
Well I was quite surprised once I read into the company more. Very surprised that not alot of people are switched on to this one. I mean if you were taking a long term position, you could easily look towards £1 as a target. If I didnt already have a major holding, or if I release funds and this sp is still an attractive buy, I may even shift to a longer term position
I will just talk to myself to pass the time. We ticked up .25. Slowly creeeping up.
Should try and get the chat going on here lol, pretty quiet. The gfm chat on iii was last active in 2008 I think. Soo what is anyones strategy in here? Long term short term? I am aiming for a 50p exit. Not a major profit but just to take a little profit if possible. Figured the historical prices were near enough to 90p before the big decline, and in general we have seen a recovery of the sp recently, plus rumours of a takeover. Expecting demands for zinc etc to pick up, so Just looking for a slow but steady tick up to 50p
Reading into the company more, after my original idea of a quick exit. This is actually a pretty decent company. Looks really good stable firm. Iam surprised it is not as well known on the boards. I would expect a slow steady rise over the next few months or so.
Got into this hopefully looking for a quick exit. I see some pretty positive movement coming, and some big buys yesterday