Member Info for TrekMadone

ITS up another 50% today and yet not on the LSE leaders page.

That’s a staggering 1700% in 5 days on the old ‘cash shell to riches’ play. I’d be selling em now though and defo not await the weekend!

If I sell some of my holds they will pop as all due news soon! And you can be sure the opportunities will have gone! Hence I try not to chase stocks unless I believe it right to sell the ones I have.

The old cash shell play can be very lucrative. I had one once and can’t even remember who it was now but I did get out in time before they were suspended again. Same could happen at ITS. Clock is ticking down albeit plenty of time yet but even if not selling you surely gotta aim for a free carry.

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Trek

Good for him to get his teeth into something useful!

How on Earth the city say it’s not good for London is a joke! Shows they are all worried!

Talk now of the NatWest boss getting a multi million pound payout! What a joke! If you breach confidentiality it’s a disciplinary offence not a reward! Others lower down the food chain would be sacked!

So where are the ICO in this. Yet another toothless regulator! Happy to take big bucks and give grand speeches about data protection but then where is the stick!

Until they actually make folk at the top accountable nothing will change. If you get paid big bucks then that comes with accountability and it’s where the buck stops!

The whole country is stuck in a Borris culture and it has to change and woke isn’t the answer.

Common sense and a moral compass is what’s needed. Will never catch on though!

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Trek

DEST on a roll. All my trading cash, my ISA’s, beer money and savings are in TXP! I was hoping for a slice to move some back in to DEST. Have learnt not to chase stocks though! Perhaps I should unlearn!

Still I have positions in IQAI and ONC in the biotech sector, both half year results soon so could also go one way or another! Yikes!

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Trek

Dow on a phenomenal win streak! Surely London should follow soon.

“ Stocks rose Thursday with the Dow Jones Industrial Average headed for a 14-day advance, as traders absorbed a strong GDP number and Meta earnings results.

The Dow traded 42 points higher, 0.1%. The S&P 500 climbed 0.7%, and the Nasdaq Composite popped 1.3%. A 14-day streak for the 30-stock index would tie its longest positive streak on record going back to June 1897. The Dow was created just a little more than one year prior, in May 1896.

Gross domestic product showed a rise of 2.4% in the second quarter, which was better than the 2% increase expected by economists polled by Dow Jones. The report also suggested price pressures are easing, with the personal consumption expenditures price index rising 2.6% in the second quarter. That’s lower than the 3.2% increase expected by economists, and the 4.1% rise in the prior quarter.‘

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Trek

If we are indeed being driven by US macro as opposed to London sentiment which should make sense. Then we have some catching up to do!

“ Stocks rose Thursday with the Dow Jones Industrial Average headed for a 14-day advance, as traders absorbed a strong GDP number and Meta earnings results.

The Dow traded 42 points higher, 0.1%. The S&P 500 climbed 0.7%, and the Nasdaq Composite popped 1.3%. A 14-day streak for the 30-stock index would tie its longest positive streak on record going back to June 1897. The Dow was created just a little more than one year prior, in May 1896.

Gross domestic product showed a rise of 2.4% in the second quarter, which was better than the 2% increase expected by economists polled by Dow Jones. The report also suggested price pressures are easing, with the personal consumption expenditures price index rising 2.6% in the second quarter. That’s lower than the 3.2% increase expected by economists, and the 4.1% rise in the prior quarter.”

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Trek

Hit 97.3 in may before xd. Been a good run up recently from what I think is oversold and an acquisition hangover!

So should be further to go as we get closer to the divi. Question then is do we get a 5p drop or does the market catch out divi traders.

Easy for me as I am just doing nothing now.

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Trek

That’s some large trades for here. Remember I could sell 500k in one hit a few days ago. That’s very unusual and should be viewed positively. Mind you the irony is if you can’t sell you are stuck anyway!

I held DEST from 28/29 and sold when the CEO left. I didn’t expect Debra to move so quickly as an interim but fair play she has done well with the appointments. I would buy them back but no hurry as I don’t expect ops news there for a while and I am tied to other trades atm. But Dest are the real deal, funded, milestone payments and looking for a partner for phase 3.

All said I see better short term gains here. That sells have gone through and we ar 2.8 is a positive.

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Trek

Hopefully just in time for my TXP. I am stuck in there hoping for a massive payday. Casca should see a huge relief rally. Then Royston results. I saw you post there do you have any?

I looked at AXL a while ago didn’t realise it had pulled back so much since. Looked promising. I don’t hold though.

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Trek

I’ve clocked JSE as well. Should bounce soon.

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Trek

I feel for you Datron and well done for waiting. I am pretty sure you will be in profit again.

One always has to appreciate what share price lens folk are looking through. It also helps with perspective and balance.

The BoD have a huge opportunity now to address some previous shortcomings and esp now that the bad luck has hopefully past.

The macro outlook for gas in terms of price and demand is v bullish. Let’s hope Paul gets his comms right. I would rather wait and have a very comprehensive update and clear next steps than news that they don’t live up to in a timely manner which has definitely made a rod for his own back.

Let’s hope the learning has been had and we return to ATH’s with Royston and Casca pumping and feeling the low hanging fruit by way of expansion and then some high impact expo!

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Trek

And 800k of likely buys today back to back on the click in 3 goes! That’s +1m GBP!

Then two large spoof trades earlier followed by a +90k buy!

That’s a continuation of the recent larger trades. Seems to me more than a few playing the arbitrage!

Not long to wait now.

My money is on 200p by Dec and that’s without acquisition news! That will be a nice +100% return and a double digit quarterly divi in the bag. So getting paid nicely to wait!

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Trek

Hi s o h,

Yes Dest got further to go. I was in at 28/9 and out around 33 with 100k shares. I didn’t think Debra as CEO would move so quickly but she has facilitated some good appts now. I will buy back later when other positions line up.

Some punters can’t bring themselves to sell at 33p and buy back at 43p say. But it doesn’t matter as long as the bottom line is blue!

Imo Unlikely to be any significant ops news there until Sept the earliest but hey who knows!

With YU if you can hold imo do so. They will go through £10 and to £12. Will be bumpy bit like the TGA run from 150 to +£10! That was a ride! But now look at it!

Good luck

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Trek

Hi Pikeman,

Spot on and thanks for answering the earlier question.

At this year end we pay of $270m in debt that’s a $10m saving in interest payments going forward.

And we know they are on target to do so because the banks would not have given them a recent green light if their money owed was in jeopardy!

That payment doesn’t step on the toes of the divi which is well covered by underlying FCF and now the $56m divestment buffer and hedging set above HH spot prices.

2023 sees the largest debt repayment in terms of value. But in terms of % of the debt it doesn’t vary much as it’s fixed but like you say what it does do is free up cash by getting that big lump out the way! Then sentiment will surely significantly change.

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Trek

DEST on a run as expected. I didn’t get in as waiting news elsewhere atm.

WAND traders delight getting followed higher. Got some more legs yet but just trade it imo and sell before 100p else there may not be buyers for your stock!

WSBN … mmm I’d risk some in case it got to 5p before a placing but if your up 100% sell half on a double. The only time you usually regret that is when you don’t do it and if you do it keeps going! Lol!

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Trek

People trawl the boards and follow posts/posters. Then when the see a move they jump on. Especially if it’s a quiet un like ONC.

Just my view….

And yes 17-19 was a huge buy zone but peeps like to see it break up first. Esp if they haven’t done the research. But then even knowing a stock inside and out is no guarantee. You need luck and patience as well!

But yes like I posted below. 50p will come, those that know the company know what it will take and it’s happening. Just need them to get the numbers to market which imo will be the results for the 2nd half.

I will v likely add here when I close some other trades.

Good luck,

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Trek

Market nervous atm. They don’t seem to appreciate that Casca has been tested and the connection is ‘just engineering’. Even if there are snags they won’t be insurmountable. It’s all been done many times before!

Royston data will imo come separately and later.

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Trek

Looks like some of the rise is attributed to the Bourse….

https://businessday.ng/markets/article/bulls-still-reign-supreme-on-nigerian-bourse/

H1 results Friday and an update on infrastructure plus any news around the acquisition could give us more impetus.

Amukpe-Escravos Pipeline Volumes could move us to upper end of guidance + tail winds from new wells.

Maybe just maybe the special divi gets factored in to the future quarters payments and some cash may have been used to pay down debt.

We must be awash with cash now! I get they need to hold some for the acquisition but we could be at a +$500m cash pot even with a slightly lower average realised POO for this half!

Could well soon rerate towards 200p with good numbers on the back of market sentiment. London will follow!

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Trek

ONC.,, told ya!

Yu … over 800p target hit

Wsbn bottom called! Boom!

Treks next predictions are in plain sight. On a roll!

Boom times are back getting bored chasing yield!

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Trek

Fednesday today. 0.25 they reckon but question is will it be the doves or the hawks from here on in!

Have to wait to 7pm to find out!

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Trek

I sold earlier. Wasn’t expected a good first half and wanted higher yield. This could pull back a tad representing a buying opportunity if you think copper is about to have its day as H2 should be better.

Usual caveats

Trek