Trading the stockmarket (NO Referrals)

Out of interest, what do people think of the iii Portfolio Builder? Is it a good tool for a novice investor (ie me :) ) to start building a small portfolio of shares up with?
 
Bilbo said:
I think I'm going to ignore the share prices for a little while. Even RRL with a good RNS today is down 10%. All I see across my whole portfolio is red and most averaging 10% down. Encore Oil has taken a hammering yesterday and today which isn't great either :(
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It's only bad if you were intending to sell. Otherwise, it's a buying opportunity.

Though if like me you have no spare cash, it's frustrating - I've got 3 shares all down 30 - 50% from their peaks!

Time to actually do the whole "trade the peaks" thing I think but I just don't have the time.
 
Got a bit of spare cash and looking to invest again (short term probably, 6-12 months). Did some at uni and lost it all but was a good way to learn :p.

Always liked investing in companies I know people in, mostly my dad. His current company is Mouchel who've doubled in the past 3 months and have historically been much higher than current (broke the 500p barrier in 2008, went as low as 40p last December). They're now in talks of a takeover from Interserve and declined a bid of 20p above the current SP.

http://www.lse.co.uk/ShareChart.asp?sharechart=MCHL&share=mouchel_group
 
Kingy said:
Rockhopper is one of the Falkland Islands Oil Explorers. It has licenses in the North Falkland basin, which is also occupied by Desire Petroleum and Argos Resources. In May 2010 they struck oil at their Sea Lion well. The discovery was rated at 170m barrels on a P50 basis. This was later unoffically upgraded to a best estimate of 242m barrels which caused the sp to spike again, but this was not officially confirmed in a further CPR. That caused the 242m figure to be retracted later when the company raised £200m from Merrill Lynch. (They wouldn't buy in at a higher valuation without the backing of a CPR). The BoD stated their strong belief in the 242m figure.

More recently the OG rig returned to RKH from DES. On Friday they announced that they found oil at their latest well (8km NW of sea lion), but said it was uncommercial on a stand alone basis. The SP tanked, but the detail in the RNS stated that oil shows had upgrade potential for the original Sea Lion discovery. RKH retain the rig to drill another well 2.3km NW of Sea Lion, to further appraise (and hopefully upgrade) the original Sea Lion discovery.

I anticipate the sp will rise ~25% to ~350p before the drill results are announced during the 6 weeks to the end of March.

Broker ratings are typically all over the place, many around 500p, with Goldman Sachs as high as 640p. Of more relevance are the numbers we actually know. They have 170m barrels of oil, and over £200m in cash. At £4.50 a barrel, Sea Lion alone is worth £765m. So:-

Sea Lion at £765m + £200m cash = £965m
There are 258,039,606 shares in issue.
965,000,000 / 258,039,606 = 3.74

Initial target price of 374p, and this ignores any potential upgrades, any more oil dicoveries, and the higher oil price @ ~$85.

If a CPR is issued confirming an upgrade to 242m barrels, at £4.50 a barrel Sea Lion would be worth £1,089m. Add back the £200m in cash and we're looking at an sp of 1,289,000,000 / 258,039,606 = 499p.

AIM trading/investment is full of optimists and sharks. Info provided as a head start as you expressed interest, not as a ramp or a tip. Any mistakes are genuine.

I'm fully invested, but always do your own research. :)
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I anticipate the sp will rise ~25% to ~350p before the drill results are announced during the 6 weeks to the end of March.
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There's a small chance I might have got that wrong... :o

Haven't seen any change in fundamentals yet though. If I wasn't invested I'd buy heavily, so I continue to hold in anticipation of hitting the targets above on a positive RNS in the next few days.

I appreciate it sounds ridiculous, but as this is an appraisal well rather than exploration, I honestly think we could see a >100% sp increase in the next week.

Make or break for me (dreams/ambitions, not life), good luck to all. :)
 
Decided to jump into oil today as things are looking cheap, £500 on GKP and £500 on MXP. Also Lloyds is looking pretty cheap sub 60p so I jumped in with £1000 of my ISA allowance which I haven't used at all this year. Should have a bit more cash before the end of the financial year to spread around, so I'm looking at other buying opportunities.

I'm in deep with CAL which is in such great shape financially but hasn't taken off due to commercial property still looking a bit shakey. Once they resume divis though... boom! :D Report due the end of this month so have a look, they are a great long term bet.
 
i am sure that this has been answered, but what is the cheapest place to buy ANY share. EG. a S&S isa WONT let me buy a large number of companies.
 
this is the cheapest
quackers said:
Out of interest, what do people think of the iii Portfolio Builder? Is it a good tool for a novice investor (ie me :) ) to start building a small portfolio of shares up with?
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nothing wrong with it. Means you wont be choosing the price right that second just that day but a lot of shares drift sideways for months doing nothing like condor has been 6p or so for months it seems like :o


novice google the company name and read everything then read every link given on every page. Then come back to us and tell us any anything interesting.
Also there is always two prices not one, buy and sell


During the second half of 2010, the company identified a total of 68 structural culminations across Blocks VIa ad Block VIb in Georgia, six of which have been prioritised as being ready for drilling. Of these six structures, total gross unrisked oil-in-place totals 728 million barrels.

A subsequent helium survey on the three top multi-stacked prospects indicated active oil in the first two drill targets, with the survey marking priority zones which are most likely to contain potentially productive systems, the company said.

Having concluded the drilling contract and logistics, Range hopes to spud the first well in April.
texas said:
.

Proved reserves of natural gas were recorded at 62.4 billion cubic feet, while oil ran to 4.8 million barrels.
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http://www.iii.co.uk/articles/14750/range-eyes-puntland-drilling-despite-wider-loss

Ive marked off 16.27 as closing highs of feb, a recent low and a reasonable buy target going forward
 
nero120 said:
Decided to jump into oil today as things are looking cheap, £500 on GKP and £500 on MXP. Also Lloyds is looking pretty cheap sub 60p so I jumped in with £1000 of my ISA allowance which I haven't used at all this year. Should have a bit more cash before the end of the financial year to spread around, so I'm looking at other buying opportunities.

I'm in deep with CAL which is in such great shape financially but hasn't taken off due to commercial property still looking a bit shakey. Once they resume divis though... boom! :D Report due the end of this month so have a look, they are a great long term bet.
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Got into Lloyds the other day and it seems pretty stable and hopefully going to go up! :)
 
Thought I'd give trading in oil futures a couple of weeks ago a go. First tried it on the demo account and turned 5k into 30k in a couple of days. So I thought..i'll do it with some real money..

Put £1000 down with a 50 leverage.
Made £490 in 2 hours.
Bought 500 contracts at 97.1 (low for the previous 2 weeks) 3pm
Went down to 96.59 by midnight.
Bottled it. As at this point i was neither up nor down.
Closed my position.
Next day it his 98.4
2 days later it hit 103.
I'd have made £3000+ had I left it.

Lesson learned I think!!!
 
3thr3e said:
Thought I'd give trading in oil futures a couple of weeks ago a go. First tried it on the demo account and turned 5k into 30k in a couple of days. So I thought..i'll do it with some real money..

Put £1000 down with a 50 leverage.
Made £490 in 2 hours.
Bought 500 contracts at 97.1 (low for the previous 2 weeks) 3pm
Went down to 96.59 by midnight.
Bottled it. As at this point i was neither up nor down.
Closed my position.
Next day it his 98.4
2 days later it hit 103.
I'd have made £3000+ had I left it.

Lesson learned I think!!!
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No, you did the right thing based on the price action. The problem is next time you will hold when it drops expecting it to bounce. Hindsight is 20/20.
 
Spit said:
No, you did the right thing based on the price action. The problem is next time you will hold when it drops expecting it to bounce. Hindsight is 20/20.
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Fair point, and i've obviously thought about it a lot since, but lets be honest, with the Libya thing just starting at the time, the price of oil wasn't likely to continue falling.

But again as you say, hindsight is a great thing!
 
Not saying wrong but you did the right thing at that time to keep losses to a minimum. We have now idea which direction the market is going to go you just have to act on the price action. Our egos are the hardest thing to combat in trading.
 
I'm trading with HSBC (simply because their my main bank) and I'm a little confused as to their system.

I have a "Settlement Account", which had ~£10,200 "in it". I've placed a trade which has executed and it's taken the buy price out of this amount, but no cash has left my current account. I guess the question is what's a settlement account and how does it work/charge you.
 
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