Trading the stockmarket (NO Referrals)

As a holder of BP and MTA things aren't looking too bad this week (touch wood). Although, my MTA buy was at 1.8p so not so bad as some. Hopefully good impending news.
 
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Not bad at all @ 1.8p. At one point I held at 5p, but have averaged down considerably so I'm on the cusp of being in profit again. Been a long cold summer waiting for this news.
 
Chucked a bit into RRL, hopefully it will pay off long term.

Beansprout said:
HER and FML, tuck in draw, party in 2012.

RRL, chuck in ISA, party in 20[65-your age-10:p]
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You think HER is a good move short term then? I've seen a few mixed opinions, but do have a little cash left to play with.

(But then I am very new to this game :D)
 
rollercoaster

aug30jrpng.jpg


AIM-quoted oil and gas explorer Range Resources saw revenue from continuing operations surge ahead to AU$581m in the year to 30 June from AU$155m the year before. However, loss before tax widened to AU$8.84m from AU$7.38m as the amount spent on consultancy fees more than doubled to AU$3.54m from AU$1.61m, while directors’ share based payment stormed up to AU$1.38m from AU$0.05m.
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MTA looking a bit healthier. Hopefully it has a bit further to go when they sort out the water below the wells and get production going.
 
It's all in the hands of their PR department, need to get some quality well written RNSs out there. My biggest gripe with MTA (aside from crappy seismic) is their total inability to keep to a time frame. "Expecting results end of August", it's October. Almost as bloody bad as Valve.

Like you say though, fingers crossed for some good times ahead once they cement out this water ingress.

Any thoughts on flow rates? I've seen anything from 150-1000 bopd from the rampers/derampers on III/Lse!
 
GVC going great guns this last week :) Still cheap as chips compared to the sector and with a ~15% divi

Goes Ex Div soon if anyone is looking for a yielder for their portfolio.
 
randal24 said:
Any thoughts on flow rates? I've seen anything from 150-1000 bopd from the rampers/derampers on III/Lse!
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No idea at the moment, I tend to stay away from the financial forums for the indiscernible mix of fact/fiction.
Bes said:
GVC going great guns this last week :) Still cheap as chips compared to the sector and with a ~15% divi
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One of the reasons I jumped in when I did.
 
Assumption is the mother! Although I think HMV are still paying 10% on mine, shame they are on the bottom at the moment :(

I put some in EN. today though :S
 
Well GVC have been very reliable payers in the last few years, and my core holding is free now (All paid by divis), so I would expect 20 cents to be the minimum.
 
silversurfer said:
Why is GVC so cheap, south american operations have potential surely

http://www.google.co.uk/finance?q=G...ent=firefox-a&um=1&ie=UTF-8&sa=N&hl=en&tab=we
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1) Technically online gambling is illegal to all but state operators in Germany, and a good chunk of its revenue comes from there, BUT the legislation has been declared illegal by the EU (Certainly in the case of sportsbook), and Germany will probably (I would say 99% chance) eventually have to repeal the law. But that does not stop GVC from trading at the moment, and they have an extremely lucrative business there

2) January, the directors cashed in their share options a day before announcing that the company would ramp up its marketing spend. Private investors did not like this and a lot sold out, and the SP got hammered.

3) It is a tiny player compared to 888, Party Poker, bwin etc.

4) The revenues from the German operation are shrinking as the competition intensifies and GVC have to cut margins. It is still very profitable.

5) Currently in a legal dispute with Boss Media (GVC are the claimant).

BUT... (Bullish things)

1) The directors have a huge wealth of experience in this sector. Kenneth Alexander helped transform SportingBet before coming to GVC.

2) Never operated in the USA, so no chance of being barred (as some might) if/ when the US Government pushes through expected gambling reform laws.

3) Betboo (South America) was considered a smart buy and is growing very rapidly. Plans to launch it in a number of different languages are afoot.

4) Latest results show that Casino Club revenues in Germany stopped falling from September this year.

5) The company is increasingly profitable, and revenues are growing

6) Dividend is strong and they have an excellent history of returning around 75% of cash generated as dividends

7) Biggest holders are ORA and Audley, both have average prices of around £2 a share.

8) Directors have share options linked to the SP, meaning they have a good incentive to get the SP up.

9) Possible takeover target for a bigger company, but any offer would probably have to be WELL north of £2 for the 2 big holders to accept.

10) Very strong possibility Germany will 'officially' repeal the gambling laws in place now the EU has declared them illegal.

Hope that's enough for now :)
 
Thanks, good run down.


I just read Barclays is making a massive natural gas play

UPDATE:Barclays To Pay $1.15B For Stake In Chesapeake Energy Assets
(Adds analyst comment, other details and updated stock price.)


By Matt Day
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Chesapeake Energy Corp. (CHK) will sell some of its Barnett shale natural gas production to Barclays PLC (BCS, BARC.LN) for $1.15 billion, as the exploration company looks to lighten its debt load and the bank bets that prices are due to take off.

Under the deal, Barclays will receive 390 billion cubic feet of proved reserves, and can then sell the gas produced in the east Texas fields in the market. The reserves are projected to produce 280 million cubic feet a day in 2011.

Chesapeake's arrangement with Barclays is the gas company's eighth such agreement since the end of 2007, and involves the lowest price paid per thousand cubic feet as natural gas prices have slid near one-year lows, according to analysts with Ticonderoga Securities LLC. The deals amount to about one trillion cubic feet of gas sold for a total of about $4.7 billion.

Chesapeake is attempting to reduce its debt in order to secure an investment-grade credit rating, while continuing to grow, Aubrey McClendon, chief executive of Oklahoma City-based Chesapeake, said in a conference call in August. The company sold about $12 billion of its assets during the second half of 2008 after a debt-fueled growth spurt was halted by the credit crunch and slumping natural-gas prices. That has prompted oil-and-gas firms to slash projected capital spending and result in companies such as Chesapeake selling assets to boost liquidity.

The deal fits with Chesapeake's strategy of continuing to finance growth amid depressed gas prices, said Daniel Pratt, an analyst with Ticonderoga. Chesapeake "is outspending their cash flow this year, and they're still actively exploring. They're going through an acquisition mode here."

For Barclays, the purchase amounts to a bet that gas prices will remain steady or rise, allowing the bank to sell the gas at a profit. Barclays stands to benefit should gas demand recover or if drillers reduce their activity because of low prices. Other large banks, including UBS AG (UBS) and Goldman Sachs Group Inc. (GS) have made similar acquisitions of oil and gas assets as they have expanded their commodities trading operations. Many banks are active in both the physical and futures markets.

Barclays is paying about $2.95 per thousand cubic feet, about 20% below the current futures market price, but above the average price paid this year to acquire similar assets, analysts at Ticonderoga wrote. The deal carries less risk for Barclays than would the purchase of land or drilling rights, as Chesapeake under the agreement is still responsible for drilling operations.

Gas prices have been pressured this year as strong production from shale-gas formations such as the Barnett and tepid demand led to high inventories. However, Barclays analysts have forecast that gas for delivery at the Henry Hub in Louisiana in 2011 will average $4.10 a million British thermal units. Natural gas for November delivery recently traded at $3.70 a million British thermal units on the New York Mercantile Exchange, the lowest price for this time of year since 2002.

Chesapeake shares were down 2.8% at $22.16 recently.

Spokesmen for Barclays and Chesapeake declined to comment.

-By Matt Day, Dow Jones Newswires; 212-416-4986; [email protected]

(Tess Stynes contributed to this article.)

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=TiNG2rKrbwcSRGwE+3yIhQ==. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

October 04, 2010 14:56 ET (18:56 GMT)
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FTSE priced in silver looks like a double top - http://img693.imageshack.us/img693/2319/82059855.png
SPX in Gold also peaked 8/09 - http://img440.imageshack.us/img440/2938/95717909.png

http://finance.yahoo.com/q/hl?s=EWU+Holdings
 
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A thanks to whomever called CNR late last week, up 30% this morning pending news tomorrow. If it's good, then this could be most awesome. :)
 
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