Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Announcement ahead of AGM on reduced China business. Who puts that type of news out on the morning of the day of the AGM and why??
Bad start to the day? What just happened??
Roughly only 4% of hydrocarbons are used for plastics production with ethylene being the main feedstock from the cracking of naptha (derived from the refining of oil for fuel) but with the majority of supply coming from natural gas.
...or until China invade Taiwan ~2025.
I've been in & out of HRG a couple of times and am currently in at 49p & 64p so already have +50% & +20% increase. My comment about a fall to 60p came from a very simple view of the charts and a slow downtrend on the 25-day average and a projected support at >60p. I am also hoping for a continued rise in HRG and currently will buy after any/every fall. Achieving 90p is reasonable and onwards to 120p is what I hope for longer term, but I intend to trade any major >20% volatility.
Banking a profit from this takeover......with hopefully either IMIC shares or more cash later. What a steal. Should make a very easy +50%. Now, where to put the cash next? ATC????
Correction - trade price was 190p and not 199p. Waiting for the pain of Wednesday.... which is the settlement day for my recent purchase at 196p. Should be an interesting chat with the broker.....
Looks like a 2.1M trade went through at 199p at close of play just before 7,053,385 new ordinary shares are admitted to trading on AIM at 8.00 am tomorrow. The previous shares were 64,330K. So expecting a 10% correction tomorrow for the dilution. Oh joy! The only movement through dilution....
This looks like we are due for a ~20p drop from peak @80p back to 60p before a gradual rise to 85~90p. Comments? If it does drop I'm in for more HRG @ ~60p with a sell @90p for ~+50%.
Cheers. Looking at the charts (5yrs) SMDR is back at 2009 levels and probably headed to 75p again. Then it'll probably get bought by CNOOC at £1~£1.20.....
Agreed. So I'm speculatively buying at ~£1 and looking for those discoveries to propel SMDR back to £2+. It's an acceptable risk IMO.
Set my limit to buy another 1000 at £1.....what are the chances that people will bottle it before the weekend and sell out, so I can buy in and ride this back to ~£2?
Trying out a new low cost advisory-broker and have just bought in at 196p+Stamp +dealing costs (£20in/£20out). Need to see 260p to cover costs and realise my target +25%. Let's see how this broker works out......
Just bought in at 108p. Looking to double.
Thanks for all the input. I'm already into AFF @ 60p & 90p so am looking for my exit points. 140p would do nicely but we never seem to get there.
140/68p is a double up....or am I dreaming?
I just got an email Corporate Action - Afferro Mining - Takeover International Mining and Infrastructure Corporation Plc announced that it had submitted a proposal to the board of Afferro Mining Inc in relation to a potential offer to acquire the entire issued and to be issued share capital of Afferro. The proposal indicates IMIC`s intention to acquire Afferro by way of a plan of arrangement. IMIC further confirmed on 8 May 2013, that it had successfully arranged financing for the USD100 million cash element of its proposed offer to acquire the entire issued and to be issued share capital of Afferro Mining Inc, and accordingly, the board of IMIC had confirmed to Afferro the availability of USD100 million in cash. Afferro Mining has confirmed the announcement by International Mining and Infrastructure Corporation Plc made on 8 May 2013. Afferro has now received the relevant documentation for the source of funds and discussions on the indicative offer are taking place. There can be no certainty that any formal offer for the company will be forthcoming nor as to the terms of any such offer. Afferro advises shareholders to take no action at this time. Terms: In IMIC equivalent to a valuation of 140 pence for each Afferro share. Further details will be announced in due course.
I started with TDW (as they are a big 'secure' company) but started using SVS 2 years ago. Take a look at SVS for an ISA and also basic trading. Be cautious with TDW as their trades cost £12.95, unless you trade fairly often (reduces to £8.95), but depending on your trading habits may not be possible to achieve. TDW will also charge you fees if the ISA value is less than £5K? No such fees at SVS and the trades are all £5.75. I've been very happy with SVS and all my products are in one sign on...unlike TDW which uses separate ISA accounts!
Hello Mulled! Long time away, been busy with work. Good news on the probable departure of JM as the share price will go up as more people buy in rather than protest his continued presence. I'm sure that several pension funds will increase their holdings. So hopefully good news for us. I think that it will be a fair while (2-3 yrs) before we see any real effects of competition from web media providers. Too many people are not intelligent enough to bundle the same packages as provided by SKY, but Virgin should give us a run for the money.....but with less penetration. Lots to consider.... as always.
http://www.salamander-energy.com/media-centre/press-releases/2012/23-feb-2012.aspx 23 February 2012 Salamander Energy plc is pleased to announce the successful appraisal of the Dong Mun discovery with the Dong Mun-3 side-track (“DM-3ST”) in Block L27/43, onshore Northeast Thailand. The Group has a 27.2% non-operated interest in Block L27/43. The DM-3ST well was drilled to a total depth (“TD”) of 3,010m MD (2,538.5m TVDSS). The top of the target Pha Nok Khao formation was encountered on prognosis and the well intersected a gross vertical column of approximately 103 metres of gas-bearing reefal carbonates, reaching TD without encountering the gas-water contact. The well was flow tested at a rate of 15.1 MMscf/d with a flowing pressure of 842 psi through a 56/64” choke. The DM-3ST bottom hole was located using the recently acquired 3D seismic data over the wider Dong Mun structure. The mapped closure tested by the DM-3ST well extends to over 20 sq. km. Work is on-going to determine resource potential as well as the productive capacity of the reservoir through additional stimulation. The L27/43 partners believe the flow rate and pressure data from the DM-3ST well, together with the 3D seismic data, point to a commercial gas accumulation in the block and the operator is now preparing to file for commerciality with the Thai Department of Minerals & Fuels. James Menzies, CEO of Salamander commented: “The DM-3ST result is very encouraging and taken together with the Dong Mun-1 discovery well and recently acquired 3D seismic data, indicate a commercially viable development project.”