Trading the stockmarket (NO Referrals)

Russinating said:
To be honest, this is all a bit over my head and I don't really understand the process or impact of a firm placing and a placing and open offer. Anyone feel free to chip in or link to a guide :p.
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My understanding - They're basically creating more shares to make some money (usually to invest), which will devalue current shares. They sometimes provide favourable conditions for existing shareholders to invest more, like a discount.
 
Russinating said:
Will it devalue current shares if the OO is 40% above the current SP though?
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What does OO stand for? I have no idea why they're trying to sell them above their share price, I don't know why I anyone would buy them, unless I'm missing something :confused:.

EDIT: I'm guessiong oo = open offer.
 
I'd shut up too if I wasn't a shareholder :p. Every definition of an OO says that the OO is usually lower than the SP. I can't get my head around it being higher/what affect that has on SP.

if you sell today you cannot buy the OO ... terms of the OO state that you have to be holding until tomorrow to qualify for a 1 for 2 @ 40p
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From the BB ^^. Can anyone explain what the hell a 1 for 2 is? You swap your current shares for 2 @ 40p each?
 
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Jim Mellon has joined the CNR board! Expecting some real fireworks now with the forthcoming RNS!

Anyone still in GVC since I posted about it January would also be 50% up as of yesterday :)
 
if you sell today you cannot buy the OO ... terms of the OO state that you have to be holding until tomorrow to qualify for a 1 for 2 @ 40p

I think this might mean you can buy 1 share for 2, the amount you can purchase might be linked to the number of shares you hold, although I could be wrong.
 
randal24 said:
I'm in both, 6.8p on CNR and 0.8p on ORE. Happy with skimming some profit on ORE, and happy with the average on CNR. Hmm.
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Ore at 0.8p nice! Wish I'd bought some at that price, hindsights always a genius.

Right I've decided not to, it would just be a gamble. The other companies I've got going through today I know exactly why I'm investing in them and I don't know much about CNR personally.
 
Russinating said:
Bought the following on my virtual trading account (BB): BOY, BLND, DCC, LAND and MML. Also watching BOD and NAD closely.
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Either Im doing something wrong or I have missed something...

No CAZA, RRL, WAS, IOF, doesn't recognise the codes..

As for CNR - Im not sure whether the recent price rise in CNR has already priced in some of the value from the expected RNS. Might have a small spreadbet on them just in case :p

Im having a good day over on IG today :D
 
Jim Mellon oh great

who is he :o

Bullbearing doesnt do small stocks so slightly pointless for this thread. I'll enter something just as a time capsule, not bothering otherwise. There was an old ocuk league I saw, one guy has 3 billion :p
Enter on stockchallenge, no one wins that easily


One of my favourite tipsters says avoid Rockhopper mostly because their poor cashflow will mean dilution to small holders (these companies never give rights). On the other hand he backs Gulfsands because they have assets/production inc. USA plus exploration in MENA

Probably good advice and he wouldnt bother unless it was noted the company contained a lot of small investors
http://www.telegraph.co.uk/finance/...Questor-share-tip-Rockhopper-is-an-avoid.html

Otherwise I was quite optimistic on RKH price, biggest volume comes on the rises



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Well I've just invested £500 into hambledon mining, topped up barc, put £250 into northumbrian water with a view to put another £250 in next week, also bought £300 regency mines and will top up later (same bloke who runs red rock resources runs this). proactive invester arcticle on hambledon mining here.
 
Good run up on GKP today especially at the end, well supported move I think.
170 is the target to beat overhead


Was thinking of reducing CLF slightly as Ivory Coast hopefully comes to a (relatively) peaceful conclusion.



This doesnt exactly count as its end of April that counts but managed to briefly pick top risers this month -

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Sold some BP at 476 which is 50% of the top to bottom. My average rebuy is 477 after selling at 511 previously, I think its ok to hold
 
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