Trading the stockmarket (NO Referrals)

[silversurfer]

Try trade2win, people dont daytrade here afaik

Swapped RKH for PMO, not sure how wise but pmo pay div next year apparently?

Also, that resource valuation needs to be adjusted. You need to think whether the miner should be valued on NAV (most likely) or some other metric. How are other peers trading against NAV? How long ahead will you project your share target price? etc.

Just because something is worth X in NAV doesn't mean investors will give it that price.

If CNR has a potential of 1 million ounces open pit and it clears say 1000 after costs per ounce thats a billion dollars coming to a company valued at 50m.
Why wouldnt B2gold at 1.5bn worth just offer to take over a neighbouring mine like this. Even if it was 500 per ounce after costs and they had to pay out 150m for the shares, doesnt that make sense to do.
As the gold price ratchets up I think this scenario becomes a fair and balanced possibility.

La Libertad Mine performed very well in 2011, generating gold revenue of $154.8 million from the sale of 98,797 ounces at an average price of $1,566 per ounce. Total gold production was 99,567 ounces at an operating cash cost of $460 per ounce and total cash cost of $541 per ounce
The current average grade being processed at La Libertad mill is 1.72 grams per tonne.

1.7g a ton is quite standard I guess, if CNR had 3 or 4g we are very lucky ?



ZEN with the ski slope looking share graph has a reverse takeover into cloud based software radical move

CloudCall gives organisations the ability to make, receive and record telephone calls from existing software such as email clients, web browsers, smartphones and CRM/ERP platforms;

Spoiler

Is Cloud a load of bs, probably not I guess

 

[silversurfer]

I got emailed another link for a free book, details here if you want to check it out http://uk.advfn.com/p.php?pid=hosted_solus&id=NjY4NQ==


Monday sees the start of another month in this share comp (also LSE)

http://www.stockchallenge.co.uk/
The prize is - four-month subscription to Morningstar Premium
Its good for tracking realistic possible gains from shares and learning imo. Reading 'how to' only works so far

Last month shorting JJB stock was a winner, 100% gain but I had no idea about the timing of this. Any dogeared company due to fall over in October ?

Im currently trying to look up the price for coal in various markets, over time

 

[HungryHippos]

Interested to know, if you short a stock like JJB and make some profit, then JJB stock is frozen, do you still lose out if you haven't closed your position before then?

 

[silversurfer]

You borrow the stock and sell it. You owe the value of the stock, which is ownership of the company.


If the company is sold for zero or £1 you owe no money as the stock has no worth. I dont know the details of what happened to JJB, there was problems vs debts I think

So its a 100% gain of whatever you put in, not many things move that fast but shorting is super dangerous afaik. See porsche takeover VW

 

[silversurfer]

http://news.uk.msn.com/uk/2200-jobs-go-in-jjb-sports-deal-1

Around 2,200 staff at JJB Sports have been made redundant after administrators closed 133 stores and agreed to sell 20 remaining outlets to Mike Ashley's Sports Direct International.

The Sports World parent bought the stores, the brand and its website for £23.8 million in a deal that will protect 550 jobs in the UK, including its warehouse.

But the agreement is a worse-than-expected outcome for JJB staff as Sports Direct was reportedly hoping to safeguard up to 1,500 jobs and buy up to 60 stores.

However, David McCorquodale, corporate finance partner at KPMG, who led the sales process, said the level of cash and further operational restructuring required to rescue a more substantial part of the business was too much risk for most interested parties.

JJB's collapse will serve as another blow to the high street after recent high-profile casualties including video games retailer Game Group, fashion chain Peacocks, outdoor specialist Blacks Leisure and Clinton Cards.

The JJB name will vanish from the high street as Sports Direct intends to convert all stores as part of the deal, in which it also acquired all of the company's stock and the Slazenger Golf brand.

Brian Green, David Costley-Wood and Richard Fleming, partners of KPMG LLP, were appointed as administrators of the company.

KPMG said the net proceeds of the sale will be used to repay the company's outstanding debt to its lender and other secured creditors and it confirmed that shareholders interests would be wiped out.

The group had already warned investors - who include the Bill and Melinda Gates Foundation - that they were likely to see their stakes lost under any rescue deal.

Mr Fleming, UK head of restructuring at KPMG, said it was unfortunate that a buyer could only be found for 20 stores. Staff made redundant as a result of store closures have had their arrears of wages and holiday entitlements paid in full, he added.

Short = all profit minus very small finance cost

Robbie Burns mentions equity vs debt and how much is too much. The Zen shares that just disappeared off the map had no debt, they had cash and ongoing losses so I keep the equity though its still a nasty turnout.
Jessops returned a value of 0.1p on delisting, 100k assets split between 10 mil shares so again shorting from 5p was mostly profit, the brand name survived but not really the company itself a bit like JJB I guess
All retail sector is bad imo, only tesco maybe and sainsbury sub 300

I never had a stockbroker let me short, so actual logistics might be more drawn out. The easier route is either spreadbet or CFD, contract for difference

 

[edgedemon]

OK, so i have taken a leaf out of Robbie Burn's book and bought some shares based on nothing other than liking what I see.
So £1500 on Nokia as Im switching to WP8 and am impressed with their offerings and 5K on Microsoft as I really like Win8 and the whole shared ecosystem bit. More importantly though, after years of running our own PBX and shedloads of custom apps, we are switching to a more simplified architecture and moving to sharepoint/office365/Lync and having been to loads of conferences and seminars, there is a real buzz about Lync at the moment, at least in the enterprise space.
Thinking longterm here, 5yrs or more, but Im hoping that the stagnation for MS is slowly coming to an end and the decline in Nokia is near the bottom. Time will tell..

 

[Vanilla]

OK, so i have taken a leaf out of Robbie Burn's book and bought some shares based on nothing other than liking what I see.
So £1500 on Nokia as Im switching to WP8 and am impressed with their offerings and 5K on Microsoft as I really like Win8 and the whole shared ecosystem bit. More importantly though, after years of running our own PBX and shedloads of custom apps, we are switching to a more simplified architecture and moving to sharepoint/office365/Lync and having been to loads of conferences and seminars, there is a real buzz about Lync at the moment, at least in the enterprise space.
Thinking longterm here, 5yrs or more, but Im hoping that the stagnation for MS is slowly coming to an end and the decline in Nokia is near the bottom. Time will tell..

I'm no share expert myself and I don't mean to do anything other then play devils advocate there but I would have avoided Nokia. They have been annihilated over the last 5 years and they are struggling in a market filled with competitors with very good offerings.

They have to learn to swim in a market where they have already sunk, lost the market (no one buys a Nokia these days unless you're looking for a firewall) and are far far behind.

You're basically betting they will have some success in a market that is brainwashed by two people, Apple and Samsung.

 

[edgedemon]

Yes, I told myself that...
But
Im an Android user, have been for years and Im switching to a 920 and WP8 - if Im doing it, then so will others.
Nokia have some really cool apps, and offer excellent device support so I think they will do well as WP8 is a compelling offering
I never wanted a tablet, even though I love my missus Nexus 7, but the whole shared ecosystem and interface really appeals and I will be getting a Win8 tablet
I think that MS will get a few WP8 sales from Win 8 desktop and Surface users and think Nokia will get an uplift from that.
Im admitting that my Nokia investment is a punt on a hunch, but I think they will be in a better place in 1 yr than they are now..

 

[silversurfer]

Which Nokia shares are you buying, what symbol? I see 9% yield which seems feasible because they are european and even the doomsayers said europe was a bargain or at least a few months ago it was

I would have avoided Nokia. They have been annihilated over the last 5 years

Great because if they tanked, they are cheap now ? I also thought maybe Nokia but Im clueless on phones, mine can barely handle sms without dying and Robbie Burns is always going on about debt to equity.
Dont buy a sinking boat or does Nokia have a lot of cash / cashflow

OWCH =

Spoiler

In fact I think he warns about personal bias, he mentions buying a coffee shop share he visited regularly, nice place but bad share went down even though he bought more coffee

MSFT shares already rose, a year or so back they were due something extra not sure now. It does require unexpected success like you say.

Also Intel is feared to be losing its market hold on consumers due to all these smart phones. A Win8 phone helps them I think. So Intel is tanking, this is the one I hold and Im probably wrong to do so right now again much cheaper last year
They could reverse, I think its quite possible long term at 9PE they are cheap but market believes INTC suffers falling revenues, smaller margins (they are like 50%). Buffet's firm sold all their Intel.

I dont know mobiles though, the majority of the market will go the cheap route surely so is Windows 8 cheap enough?
Most of the world still uses sms, thats where massive growth is by enabling them

Ive owned Intel variably since 2009, my timing was wrong this time. I still like the 10yr company prospect. Nokia could be a bargain if everyone hates it, they are also a giant - you know they invented the iphone (type) before Apple in 2000 but CEO refused to actually make/sell a smart phone device at that time

Halifax ShareDealing ‏@halifaxbroker

Today's top traded #stocks - Lloyds Banking Group $LLOY, Sound Oil $SOU, Tesco $TSCO, Avanti Communication $AVA and Sirius Minerals $SXX

Spoiler

The dead stock I mention up the page, rose 20% today. Not bad, I hope they are into good business now ( I know one day doesnt mean much )

Apple yday low looking for it to prove a bottom price

Spoiler

 

[Oh Ed not again.]

CNR just bought another concession, this company goes from yay to YAY on a monthly basis.

 

[gizmoy2k]

^ YAY!

 

[silversurfer]

Looking for weakness in gold hopefully though stocks did well today. 162 GLD
Looking at AAZ

List of brokers and charges inc one who'll trade for 50p http://candidmoney.com/actionplans/actionplan14.aspx


Also

@eminiwizard
Join Matt Davio @MissTrade on @bigmiketrading webinar in 1 hour 4:30pm ET Why Traders Fail (And How To Overcome) http://bit.ly/SXhYCd

 

[milkman4064]

I personally use Hargreaves Lansdown for my stock portfolio, really good website and very helpful when you need to give them a call.

They also have a decent mobile trading platform app for iPhone, iPad and Android. Great for on the move.

 

[silversurfer]

HL has annual fee I think. RDR comes in 2013, new regs

BP has signed a landmark $27bn deal to sell its 50pc stake in TNK-BP to Rosneft and will hold a 19.75pc stake in the enlarged state-controlled Russian oil giant.

http://www.telegraph.co.uk/finance/...5621/BP-signs-deal-with-Rosneft-reaction.html

430 to 450 is less then I thought it might gain, surely this makes BP less risky now? Market is negative again today, pick some again at bargain price before ex div hopefully


Petrofac is a buy in a longterm rising trend I think

 

[deadlyfredly]

Top sliced some Magnolia Petroleum yesterday @4.47 but kept 3/4 of my investment - expected them to bounce off 4.5p, so was looking to buy back about 4.2 but that hasn't happened yet - if anything it looks as though they might hit 5p by the end of the month.

When they hit 4.56 they'll be my first genuine multibagger, I've had other shares, like CNR, that have doubled or more but I've always sold them and ended up buying back higher - not the best way of doing things but as the saying goes, no one went bankrupt locking in a profit.

 

[silversurfer]

Never heard of them , where did you get info on them enough to decide to buy. Quadruple since year start cant complain.

Just seen Plexus do similar but I already sold it - I read that one in the telegraph, safety oil rig design IP


Trinidad reducing taxes to encourage deeper drilling, good for RRL hopefully. 4p is circa 2010 pricing though its a lot more shares now

Spoiler

 

[deadlyfredly]

I was just perusing the bulletin boards on Shareprice - they were mentioned on a different oily - NTOG or one of the other garbage ones. Anyway, I had a look, did some research on Rita (the CEO), liked their model, watched them double and took a small stake, thinking it was too good to be true. Just been adding ever since.

UBS have just took an 11% stake - I totally sold at the wrong time, but I learnt from you don't sell all of them (your advice a few weeks ago) so I kept my core holding and I will be getting some more this week

I've taken a stake in Probability recently too. A bit morally dubious though as they're into mobile gambling, does anyone else think about their investments in this way? Not sure if I'm "doing the right thing". Hmmm, guess I should have thought of that before I bought them!

 

[silversurfer]

RRL was half the price I bought some earlier this year, I added small amounts. Almost went to half the 2010 price I originally bought it for, this is after I could have sold it at +377% cheap cheap
Still its up 7% today on fair vol [+9% now]

CAZA up 25% today as well as previous days, got some at 6.7p and its almost tripled in a fairly short time. This one has been dead for years but never was a bad company, so well deserved I guess. 60p to 6p and back again ?
Not sure if I should take profits here or not, I think it can double again but I probably should sell some anyway as I actually bought most of it this price or higher a while ago
Money Flow indicator looks awful on graphI think the Twenties will be hard ground to cover
[Found my old chart, sold some Caza bought Anglo Asian Mining http://i.imgur.com/ZCIia.png]

The Co. I hold it with I noticed is offering an 8 hour education course for free. Naked trader charges like 700 I think, though I cant say of quality for either

Spoiler

RNS Number : 4058Q
Caza Oil & Gas, Inc.
06 November 2012




November 6, 2012



Caza Oil & Gas, Inc.



CAZA OIL & GAS ANNOUNCES INITIAL PRODUCTION

CAZA RIDGE BONE SPRING TEST WELL



HOUSTON, TEXAS (Marketwire - November 6, 2012) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX: CAZ) (AIM: CAZA) is pleased to provide a production update for the Company's Caza Ridge horizontal Bone Spring well on its Copperline Prospect in Lea County, New Mexico.



As previously announced, the Caza Ridge 14 State No. 3H horizontal Bone Spring well was fracture stimulated in twelve stages and has been flowing back for the past week. Under controlled flowback the producing rates have continued to increase each day, and during the past 24 hours the well produced a total of 844 barrels (bbls) of oil, 1,063 thousand cubic feet of natural gas, which equates to 1,021 bbls of oil equivalent, and 667 bbls of frac fluid. The well continues to clean up and recovered hydrocarbons and frac fluids at a gross rate of approximately 1,688 bbls equivalent on an 18/64ths adjustable choke at 2,900 pounds per square inch flowing casing pressure.



Caza currently has a 45% working interest (35.213% net revenue interest) before payout and a 58.75% working interest (45.972% net revenue interest) after payout in the Caza Ridge 14 State No. 3H well.



The Bone Spring formation in Lea and Eddy Counties, New Mexico, contains multiple potential pay zones for oil and liquids-rich natural gas. Caza's current prospects in the horizontal Bone Spring play are Lynch, Forehand Ranch, Lennox, Copperline, Mad River, Azotea Mesa, Bradley 29, Two Mesas and Quail Ridge. The Company is well positioned with approximately 3,300 net acres in the play, and management continues to monitor opportunities to build on Caza's current acreage position.





W. Michael Ford, Chief Executive Officer commented:



"This is an exceptionally good result for Caza's first operated horizontal Bone Spring well. We are very pleased with the result and the value created for our shareholders. In addition to creating development opportunities associated with the Copperline Property, this result has de-risked a large portion of our Bone Spring acreage in Lea County. Production from the Caza Ridge well should significantly increase Caza's oil to gas production ratio, while adding additional cash flow and reserve value to the Company."



"Although this is Caza's first operated horizontal Bone Spring well, all three Bone Spring wells that Caza has participated in thus far have been successful. We hope to build on this initial success and are currently drilling the horizontal section of our operated Forehand Ranch test well, which should reach total measured depth within the week. Once a frac date for this well has been scheduled, we will update the market accordingly."





About Caza



Caza is engaged in the acquisition, exploration, development and production of hydrocarbons in the following regions of the United States of America through its subsidiary, Caza Petroleum, Inc.: Permian Basin (West Texas and Southeast New Mexico) and Texas and Louisiana Gulf Coast (on-shore).



For further information, please contact:



Caza Oil & Gas, Inc.

Michael Ford, CEO +1 432 682 7424

John McGoldrick, Chairman +65 9731 7471 (Singapore)



Cenkos Securities plc

Jon Fitzpatrick +44 20 7397 8900 (London)

Neil McDonald +44 131 220 6939 (Edinburgh)



VSA Capital Limited

Andrew Raca +44 20 3005 5004

Malcolm Graham-Wood +44 20 3005 5012



M:Communications

Patrick d'Ancona +44 20 7920 2330

Chris McMahon



The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.



In accordance with AIM Rules - Guidance Note for Mining, Oil and Gas Companies, the information contained in this announcement has been reviewed and approved by Anthony B. Sam, Vice President Operations of Caza who is a Petroleum Engineer and a member of The Society of Petroleum Engineers.





ADVISORY STATEMENT



Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Such information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "schedule", "continue", "estimate", "expect", "may", "will", "hope", "project", "predict", "potential", "intend", "could", "might", "should", "believe", "develop", "test", "anticipation", "looks to be" and similar expressions. In particular, information regarding timing of and information to be obtained from drilling operations, completion operations and future production ratios, cash flows and reserve values contained in this news release constitutes forward-looking information within the meaning of securities laws.



Implicit in this information, are assumptions regarding the success and timing of drilling operations, rig availability, projected production, projected revenue and expenses and well performance. These assumptions, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. Readers are cautioned that actual future operations, operating results and economic performance of the Company are subject to a number of risks and uncertainties, including general economic, market and business conditions, well performance and operating risks and could differ materially from what is currently expected as set out above. The Caza Ridge 14 State No. 3H horizontal Bone Spring well is in early stages of production, and the tests disclosed herein are not necessarily indicative of long-term performance or of ultimate recovery.



For more exhaustive information on these risks and uncertainties you should refer to the Company's most recently filed annual information form which is available at www.sedar.com and the Company's website at www.cazapetro.com. You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While we may elect to, we are under no obligation and do not undertake to update this information at any particular time except as may be required by securities laws.



Boe or barrel of oil equivalent may be misleading, particularly if used in isolation. A boe conversion of six thousand cubic feet: 1 barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.



This information is provided by RNS
The company news service from the London Stock Exchange

I want gold to fall again, 1666 so I can buy AAZ and CNR

I learnt from you don't sell all of them

Ideally you want a stake in a company that costs nothing. All from profits of previous trades.
Buffet kinda mentions this, you cant watch everything and anyway Im fairly clueless anyway I dont know geology at all
My 2010 RRL is actually paid for in profits from what I sold of it now I remember but not the stock I bought since then

I've taken a stake in Probability recently too. A bit morally dubious though as they're into mobile gambling, does anyone else think about their investments in this way?

I smoke therefore I can buy BAT if I want, they are probably a decent stock and nice div.
I own IGG which is finance 'gambling' fine as Im in that sector. Not sure about morals but know the business your in or at least the prices of the market and possible movement.
Anyone who drives can buy BP as it seems very likely prices for oil will not be halving ( I think doubling), its a good cheap stock imo, ex-div on Wed. Questor this week briefly discusses the 'Russian risk' vs Shell vs BG

Spoiler

& plain Gold price courtesy of http://inter-market-analysis.com

[Looking at GLD I think recent low could be it as it matches up a few different ways]

 

[deadlyfredly]

I bailed out of RRL at 4.8p, my highest purchase was 10.8 with an eventual average of about 7. Doesn't look to me like it's going anywhere for a while and they need to find funds for the Puntland on and off shore if memory serves?

QPP look to be a company on the up with strong growth forecast.

Hoping the market will continue its recent rally though some sort of Euro crisis is probably due again as it's been a couple of months since the last one

 

[silversurfer]

They do have some production, some natural funding. They probably are going to take plenty time to iron out the disappointment from no oil, thats shares for you especially AIM they often hit the ditch before the finish. Its basically reset to 2010 share price wise I guess

I wouldnt want to sell out at this price, its over reacted though I've not done the maths and share prices are never exact, obviously no profit but it was always this way.
I dont want to own large amounts of any AIM because they do prove so wild. Selling CAZA proved ok as 20+ is definitely a speed bump so far.
Market has been negative as feared, might turn around next week or if not, hopefully then a xmas boom so I can sell stuff


Video is more digestible then text so I like these. CNR valued at $35/oz

In a statement today, BP said it was in advanced discussions with the Justice department over all US federal government criminal and Securities & Exchange Commission claims.
US reports suggested that the US attorney general Eric Holder will announce a settlement at a news conference this afternoon.

some sort of Euro crisis is probably due again as it's been a couple of months since the last one

Dollar crisis is the 50 year storm