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I thought we could open a thread about the stock market and which companies people may of heard are going to get big and (share prices) rise alot in 2010, I for one don't know that much about the stock market but I do have a fair chunk of money invested in an Oil company named Desire Petroleum, I got my tip from a friend who knows a guy who has alot invested in the company. So this is my free tip to you guys.

Desire Petroleum plc (Desire) is a UK company listed on the Alternative Investment Market (AIM), dedicated to exploring for oil and gas in the North Falkland Basin ;

Basically Desire sent out an Oil rig about 4 or so weeks ago now and it is heading over to the Falkland islands where they plan to drill for Oil, I bought my shares at around 65p per share and they are now currently at £1.10 per share, when they are about to drill (planned around February 2010) shares should go up to around £3-£5.

The Risk - If no Oil is found then the shares will drop to around 20p but if Oil is retrieved then the shares can rise to a potential of upto £20 per share. They estimate a 50% probability that they will recover Oil from the sites they will be drilling at, but to me it is a risk worth taking but I don't want people to invest getting there hopes up as it is never a guarentee (and a coinflip). So if you like take this tip with a pinch of salt and hoping to hear other peoples tips they have heard.

Below is a link to the main website...

http://www.desireplc.co.uk/index.php

Boiler-room ramp ?

Great thread!

Omg, Desire Petroleum! I fckin love that company! Got a tip about that company when it was trading at 32 - 35p. Didn't hold onto it long enough though, but it fitted well with my exit strategy at the time. I remember a couple of years ago when Investors Chronicle started raving about it, and I sold my share then.

buy

No mate. Just a genuine post and thread.

alright then sell

I can agree with Cottonbud, I brought in Desire initially 5 years ago at 45p, again at 32p and alot more at 19p, i did buy some at 93p to top up, however just took up my share option at 70p which I will find out what I get tomorrow. Another 31% hopefully at 70p with price currently about 112p.

Also worth looking at company CNE for a comparrison, they were 45p few years back and now £30+ ...Desire is alot bigger!!

Great buy, potential for huge gains, also worth taking a look at this forum for more information http://www.iii.co.uk/investment/detail?code=cotn:DES.L&display=discussion&it=le

good luck anyone investing!!

So you sold all yours ages ago Sunny? Noooo you could of been free-rolling if you kept them till now!

Trust me, this is the main man to talk to about DES if you are in doubt - Dr Quinn is the only reason I have my shares with Desire. This thread is totally genuine and hoping some others will post there own tips too.

Even if Desire Petroleum are as big as BP by Christmas it can't be a better investment than Magic Blatchley's 'Green Me Up Scotty' Betfair Extravaganza.

I've heard about this, personally I don't know Blatch but I have heard good things about his football market reads and have been interested in investing myself, although as I don't know him personally I would find it hard to hand over money to someone I've never met via a forum - no offence of course to him its nothing personal.

Yeah, I sold all mine! Like you said, there is some risk involved, and I mostly sold my shares because of the profits I made over general speculation. At the time, there was a couple of other things I wanted to invest in, so I decided to call it a day with them. I pretty much doubled my investment with Desire though, so was pretty happy!

Pretty sick company though, they've made like a 80% increase on the price over like 5 months or so!

Oh and I never knew you was into this stuff James? Sounds good though, we could perhaps bounce some ideas off each other and stuff. I've pretty much got an empty portfolio at the moment, because had too much stuff going on, and didn't have the time needed to dedicate to stocks, but looking to go back into it soon.

You are becoming very worldly-wise James. And that's equally not in the least directed ast Blatch.

He's had to grow up quick, with his GCSE exams coming up soon...........

Yeah definately mate, thats the whole reason I started the thread. Can't always be grinding 8 tables 10 hours a day till my eye sockets bleed gotta have options open to us :)

A wise man once taught me a thing or two ;). But on a serious note I'm sure he is a totally trust worthy guy and If I met him and got to know him well I expect I would invest with him.

Don't worry Neil If you come to Bolton GUKPT I'll read the tournament seating plan to you and walk you to your seat, cos I know you old folk struggle with reading small print and walking short distances :D

You're approach (checkbox judgement) sure will have people queueing up to provide investment tips to you

Was thinking the same, whats with the attitude James? You seem to be flaming alot of people recently and I don't really understand why you need to do it in such a rude manner.

Depends on the reasons why the share price fell, and also the investor's attitude towards risk. If the investor still feels comfortable with the stock, and if it is a share such as Desire where everyone's just hoping for that discovery of oil, then it's not bad buying more when the share price decreases.

It lowers the average cost per share, therefore needing a lower target price to reach a determined roi.

One of my pops' properties just became vacant so I put some nice potted plants in their and new light fittings etc. All over the house. If anyone wants to invest in shares let me or Bolt know.

Share price fell last year for a couple of reasons, The market crash, no rig deal (one kept being promised but kept falling through), and the simple fact the companys assests were purely cash in the bank...!

however, they signed a deal with a major oil company (arcadia) to pay for 2 out of the 13 wells (1st 85% for 35 % share on 1 well and 100% costs for 50% share) then they signed a rig contract with diamond offshore drilling, to take the Ocean Guardian 8k miles down to the falklands ata price of approx 300k per day (and takes 3 months to get there), they are not paying that money for nothing, Arcadia arent paying 100% for 50% for nothing! (on just one of the wells).

Yes its risky, any oil exploration is, however, its a calculated risk if you trade well!!

So as a complete beginner how would one go about purchasing some of these shares?

I had to set-up a share dealing account with my bank account took a few days before I could transfer the money in. Then once done you have a search option you type in the code for the company you want to buy in this case the code would be DES then you can trade at certain times in the day buy or sell for example. I think Dr Quinn might be able to explain better than me though.

+1

Also, just make sure what kind of account it is. There are some which do bulk trades, which will trade your shares at the end of the month, for example. Then there are some which will do the trade, there and then. Depends what you are looking for, however I always use the latter.

I personally did mine through HSBC, there are a couple of options, walk into a bank,give the name DES and purchase what you want cash, they will then send youa  share certificate adn you trade via a broker (they give you the details). You can set up an online account with your own bank and transact through that or you can register with an oline company such as www.iii.com and do it through there

Also mneant to say, check out the forum for really good info

http://www.iii.co.uk/investment/detail?code=cotn:DES.L&display=discussion&it=le

look out for a poster called JPDM, Gallileo1 - these two get the info spot on 99% of time

All these trading sites/bank traders are not much use when the price begins to crash.

Get yourself an independent broker.

Got a few pals who use and recommend share.com. Probably one of the cheaper sites for fees.

I have another new tip from my friend in Bristol, he's gonna give me more details tommorrow so will hopefully be able to post with news and company then. Anyone else got some of their own personal tips they would like to share?

Spread bet against the price of gold, it will come down over the next 2-3 years.

Hey mate, yeah my grandads told me to do this he has alot of gold bullion coins and always says if the stock market crashes his gold will never lose its value as its a universal currency.

The price has soared over the last couple of years, it will drop as people realise the price is at its peak and we come out of recession and they look to offload stock. So your basically betting on the price dropping.

Also your grandad should be selling now.

When I used to dabble in stocks and shares (I lost my arse so dont anymore)

I found the best place for info about companys etc to be -   advfn.com

If you sign up (for free) you can go on to  there Free BB (forum) and find out alll sorts about companys etc.

I see they have an on going thread about Desire (DES)

I used to work in drilling and all of the big players tried and failed in the falklands due to the drilling hazzards and water depth.

Its been a while so maybe technology has moved on? good luck

Cheers mate.
Yeah I heard there had been attempts in the past, unsuccessful ones like you said. But apparently the technology has been improved and the Oil and Gas has been almost pinpointed to exact locations, its just whether they can extract the Oil or not.
I really don't know whether they have improved the problems you have mentioned above though - I guess this is the gamble and only time will tell. Will phone my friend Quinny tommorrow to see what he says as he pretty much knows all the details with Desire.

advfn.com is a great site for shares, rumours, sharing information etc, I just know for DES specifically III.com seems to be good and ADVFN gets the iii posts.

Going back to the drilling campaign of 98, if my memory serves me correct, they drilled 4 wells and oil showed in 3. Problem was, they were not certain of how much was there and oil was $10 a barrel so it was not worth them carrying on. Falklands is 8,000 miles away, not likely they will create an oil pipe along the sea bed for this one!!

ok, so...shell sold off their acres and desire picked them up. Dr Colin Phipps (Phipps & Co - who basically own DESIRE PLC) was convinced at the reports and made it his life to get this oil out of the groun. Unfortunately he passed away with cancere last year after they signed an oil rig to send down there to get it.

In the meantime, since 98. desire have contracted a company with up to date equipment for seismic reports which have come along way, to send over the falkands waters to get more detailed information on oil in the falklands. These reports come back with unbelievable results (all online at the desire website). These results were shown to Arcadia (massive oil company with rigs, tankers the works ) and they agreed to fund 1 well 100% costs for 50% share, and a 2nd well 85% costs for 35% share. (there are 14 wells i believe). This deal was one of the best ever made for oil exploration.

So since these reports, desire have been trying to organise a rig to send down, at £300,000 a day doesnt come cheap when it takes 76 days to get there - and daily rates start from the minute it leaves. The rig market was at its worst. Due to oil hitting $150 per b, all rigs were taken on contracts. So its taken 5/6 years to tie a rig down. This is now almost there (due mid feb), and now its the risk 1/4 i belive to get it out, however on one ell (possibly the gas ne) they are sure its 50/50. If the oil comees out price....anyting up and over of £20..!!

Cheers for clearing that up Dwayne you saved me a phone call!

I did?!

Note worth a read from Seymour pearce today

Desire Petroleum 3,4,5 (BUY) - Drilling update
DES.L (118.75p) Market cap: £378.4m
Desire anticipates spudding the maiden well in its Falklands drilling campaign around the middle of February. There are ten undrilled high graded prospects on Desire's acreage in the North Falklands Basin and these have, at the P50 level, a total net unrisked prospective resource potential (taking no account of prospect dependencies) of just over 2.0 billion barrels of oil. Of these ten prospects, whilst the drilling schedule will be flexible based on well results, Liz is likely to be the first to be probed. Net to Desire, Liz has an unrisked P50 resource potential of 260 million barrels. To put this in context, based on the NPV calculations in the economic assessment work done by the independent expert, if the resource was to be converted to reserves (success case) we estimate that it would be worth the equivalent of 675 pence per share. Liz partly overlies the Beth prospect and can be accessed by the Liz well. Depending on the Liz results, Desire will decide whether or not to drill an appraisal on Liz or to deepen the well to test Beth. To put Beth in context, the prospect has a net unrisked resource potential of 166 million barrels. Using the same factors as in our estimate for Liz, on a success basis, we estimate that Beth is worth the equivalent of 430 pence per share.

Alan Sinclair | Oil & Gas Research | 020 7107 8094 | alansinclair@seymourpierce.com

Hey Chip prince

This is Dwayne Quinn :)

they'll be nothing left to invest in if we let you anywhere near the gaff, you deal with admin, transport and remittence i'll handle cultivation

Have just got that other tip from my friend in Bristol, its infact a gas company and he says its highly volatile so I personally wont be investing the name was LNGA. DES are doing well should continue to rise as we get closer to February and then the drilling should begin :)

Now that is sooooo funny!!!!......LMFAO

Yeah I know bit of a contradiction I guess, I know Oil's just as bad don't worry. Its more because of the source (person who tipped me) its came from to be honest. I don't think its as reliable as the source I got for DES.

Huuummmmm.....I think you miss my point or humour  :D

Ohhhhhhhhhh I see hehe, bit of a scientists joke that one - impressive :)

[pedant]Inaccurate science joke as only liquids are volatile (and some solids that sublimate, like dry ice).[/pedant] :)

Feel like I'm back in the Chemistry class at school! Please no more lol!!!

Advise needed

Today I brought 100 Cadbury bars of Chocolate as investment portfolio

When they sell to Kraft, will the chocolate turn into Cheese Slices, bit worried there.

Can I sell these chocolate bars back to my newsagent for double what I paid for them

I also got 100  Gold. bars. Heard they is doing OK, on stock market

Wispa gold bars of course.

LOL. I hope you have a big fridge, otherwise your gonna be knees deep in brown stuff. Chocolate of course :)

Just been checkin on Bullion prices

I should make a killing on them Wispa gold bars . They sell for loads

Gonna stick 'em on E bay

Thats what I'm talking about :D

Hi

I was just wanting to ask a Question to people that have bought shares before.


I know you can just go to my HSBC store and ask to buy shares.
The price of the shares are only an indication price for that day.
She said to me that the excution date will be 4th Feburary.
Does that mean I will get x amount of shares at "Best price" on the 4th of Feburary or the best price up to 4th of Feb?

Quinny should know the answer to this, I'll give him a ring.

Hi, I have an online HSBC investment account, when I purchase shares on that, they are executed within the next 15 minutes. So whatever the price is at the second of execution is the price I pay.


I know people who have gone in and purchased over the counter and get a price based within the next hour or so, I've never heard that you purchase them and they dont execute til 4th Feb. Thats ridiculous! Imagine if in the meantime the company goes bust....it doesnt add up.

I would phone HSBC and check this out as it doesnt seem right, if this is their way of doing it, I would go somewhere else. You need to know what you are buying at what price. The share price by 4th Feb is anticipated to be a lot higher than it is at the minute, even by end of next week it is expected to be 130p - 140p.

Let me know what they say, I cant believe this is correct.

Thanks thought it sounded abit odd but was inexperienced and thought this was the standard. Will try and sought it out tomorrow

woops got confused with the settlement date and the execution date.

sorry.

I have no opinion on Desire as an investment as I have done no research - it has been on my 'to do' list for ages, but I'm lazy.  However:

1. DES is bigger than CNE?  Really???  I thought it was the other way round, to the tune of £4 billion plus.  In oil company terms DES is a pimple on a gnat's backside, with all the potential upside and downside that goes with that.

2. Anyone who looks to iii or (God help us all) advfn for anything resembling a sensible or knowledgeable discussion is going to be sadly disappointed.  ADVFN is full of 12 year old rampers/derampers with IQ's less than their age.  The interesting discussions on oil E&P companies used to be on The Motley Fool, but the main protagonists have now moved to stockopedia.

How deep is the water where Desire intend to drill their 14 (14!! ) wells?  How much will that cost?  How are they going to finance it?  What seismic info are they working from?  What happens if the first two wells that they have farmed out fail?  I accept that there are probably large reserves in the area, but what if it will not flow in economic quantities?  Do they have any other prospects or is this a one shot deal?  Etc, etc, etc.  The case for investment is, being as charitable and as polite as I can be, not yet made in this thread. 

Do your own research, folks, as otherwise this is a punt not an investment.

Would anyone like to buy shares in this high horse of mine?  As always, my advice is worth exactly what you have paid for it.

How much for the high horse?

Nice post good research too. I guess we will just have to wait and see.

Barbles,

You have some valid points and clearly you're a man in the know! however I can answer some of your points:

I agree that ADVFN and III are full of some weird and wonderful posters, some with decent (evidentual posts) but mainly rampers, shortes who really believe by posting rumours can manipulate the share price. I totally agree that you shouldnt listen to any of these and do your own research. Which I have, luckily with close ties to people close to desire plc.

Falklands islands acres are split north and south, one being deep water and one being shallow, Desires main acres are in the shallow end of the islands. Desires first well (liz) is shallow and easily reached.

The cost off hand I dont know (although can be easily found) however, Desire have arranged funding. Arcadia Petroleum have signed a contract to brunt 100% of 1 well for only a 50% share, and 85% of a second well for only a 35% share. This deal was one of the best ever seen in the business for an exploration company. Desire also have funds in the bank and recently diluted shares and offered share options to raise more money. Off the top of my head Desire have enough money in the bank to fund 6 wells of their own (100% owned by Des) plus the arcadia deal which Rockhopper will also chip in for a small %, which they have swapped with desire (7.5% swap I believe).

Since shell up and left Falklands in 1998 (6 wells drilled, 5 oil shows), Desire have spent money after money using the new 3D seismic data available which apparently is the most advanced available and was not available during the last campaign / North sea exploration. The results which can be found on the website, show unbelievable results. These results are what made Arcadia Petroleum get involved with costs of drilling.

All the info anyone needs regarding all this can be found at www.desireplc.co.uk (all data, prospects, news).

just for info, on the last campaign, the share price was approx £1.50 on the day of the first drilling (takes 20 days approx for first results) half way through this campaign, on anticipation, the share price peaked at £4.55 with no news. Investors are anticipating the same type of trend if you believe what the brokers tell you.

Also, another bit of information thats easily found on the net, Colin Phipps (RIP) was sent to the falklands in 1975 by the UK Government to report on possible oil prospects. Dr Phipps reported back to the home secretary that in his opinion Falklands Islands were sat on massive oil wells. When the UK went to war with Argentina, Dr Phipps was in the war cabinet advising Margaret Thatcher on this information....if you have ever wondered why the UK fought a bloody battle over tiny islands 8000 miles away, maybe there is your answer.

Good luck to anyone who has brought in, next few months are very interesting. Rig arrives on site on 14th Feb with drilling to commence within 48 hrs.

Hope this helps.

What do you think of FOGL? I mentioned Desire to one of my mates brothers who's into his shares and he said he had invested in an oil company in the Falklands but had gone for FOGL as they had a bigger plot and the max price is much higher. He said they were higher risk as it is deeper drilling but higher reward. Anyone looked into these?

Jose, yes I've looked at these, there are 4 companies drilling in the Falklands, Desire, Rockhopper, FOGL (falklands oil & gas) and BHP. Reason i have gone for Desire as they have the safer shallower waters for drilling first off, they have always been the driving force behind this campaign and the rest piggy back off everything desire do.

Des have the rig, (albeit loaned out to the other 4 this year also) but they drill first. The first well is quoted as good as 50/50 chance of coming out (the liz acre) as they found oil there before.

To top all this off, if desire drill in next few weeks and strike on the first spud, then the rest will generally follow. If BHP drill and strike, they have apparently more barrells per Bn (not sure how many wells des have 14), then yes in time their price will go higher, however, like most of these exploration companies, before the price hits that high, the company is likely to be brought out by a major player who will then produce the oil. Remember these four companies are exploration, they don't have the capabillity to cart it back to the UK.


Alot of investors own shares in all 4, most DES and Rockhopper as they are the major players but if you have money in any of them, and one of the companies strike...they will all rise on the back of it. you're money is pretty good in any of these four for a life changing profit albeit it risky like most oil exploration.....however....I get good information about all this and its looking good.

If anyone has brougth in, and we hit next month, I expect a Beer at the bar next tournament I'm at!!!

Amen

Whats the latest on this? SP had a rough week.

Assuming drilling success, how long are you going to have to hold to realise a decent return?

Stock Market has been battered, oil price per barrell is down $10, so all oil shares down. The latest is that the rig arrives in approx 6 days (if on schedule), drilling will commence within 72 hours (very very latest), approx 20 days after drilling some news should start either leaking or come from company regards to results on the drill.

Ive held for over 5 years, I brought in very low, share price today £1.01....if they strike first well you're looking at 5-8 x this price minumum...with 13 other wells to drill...£20 end of year is what is speculated...if the company strikes and is brought out....so....lets say....a month for short term profit....6-8 months for massive profit (if all the results are favourable)!!

There was an article in the Times on Sunday about the 4 main companies competing in that area. Mildly interesting but not very depthful

See the news fellas? Argentina not happy..........

Yeah them banning ships going through their water must mean they pissed about what they gonna find rotflmfao

sell quick if they hit oil. the shares will be worth a lot less when the company's drilling in a warzone

http://news.bbc.co.uk/1/hi/business/8519807.stm

Get there Oil!!!

Anyone know anything more upto date?

I gleefully bought a pile of these shares so I could bathe in their oily goodness and today they are lower than ever!

buy more obv :0)

A lot can change in 2 hours!

DES 103.25 +5.25 (5.36%)

Yeah I get bored easily

Thanks mate, I do need looking after most of the time.
Would it help explain things if I said it was one of those mornings I cant actually remember driving to work? ;)
Yeah saw the CEO had sold a big pile.

Only bought them for a jape though so I wont be crying over any spilt oil. ;)

This is the problem with people not really knowing the share market, did you know that Stephen Phipps sold 2m shares a few weeks ago? yet increased his share holding???? people see that the director has sold 2m shares (of the 40m he owns) and so its all bad news. However if you do a little bit more digging you will see that the CEO and Stephen Phipps (phipps & co) sold shares to bankroll their purchase of share options they were awareded as company directors. So both sold shares....however, had increases their share holdings by taking up their share offers in a small window that they could do this without it being seen as insider trading.

and the share price is being held back by shorters and the Argie situation unfortunately, baring in mind, apart from drilling the company has no real assests apart from cash in the bank and that hasnt changed. However and to quote the Cheif Exec "I urge share holders to hold tight next few months are going to be very interesting". Results due in a couple of weeks on first drill...anyone invested!! good luck!

it's Stu motherfking Hopcock of course you have to look after him!!!


Everyone check out the more +ev and more fun Deal or No Deal staking tooo ;karabiner;

If the directors were that confident wouldn't they have used their own money to buy the options? (or even borrowed money, as surely the shares, bought at a discount, should return more than the cost of the loan). In essence it seems they've just gone a freeroll to gain more shares without any extra exposure (assuming what you say is true and they used all the cash from sales to buy options).

Well, these guys are on the rich list I believe, they're not short of a few quid. They purchased a company off a friend of mine for 22m, most of which was borrowed money. They buy up small businesses with big turnovers, mainly on borrowed money, and let that business pay off the loans, effectively freerolling that company for them.

Oil exploration is very risky, hence why this type of share can turn into a life changing amount of profit for a small investment. I'm not 100% sure of exact figures (this can be found easily on the website) but off the top of my head, out of the 300million + shares in play for desire, Stephen Phipps alone owns 40m ish, phipps and co as a company own 50m ish and then you have ann phipps, neve phipps, all own shares into the millions, Barclays bank own 15million. That is a hell of alot of money invested into a company with a very high risk. Now I know, no matter how rich I was, if my family owned over 150m worth of shares in a company with a very high risk....and I could increase my shareholding at no extra risk to myself or my family, I definitely would do. When they have invested so much money, why would they keep ploughing millions in? makes no sense. They may be rich but also they dont have an unlimited pot of money, sell 2m worth of shares to fund say 2.5m, great why not at no extra cost.

Did you know also, that they have 14 wells and are currently only drilling 1, If this one finds nothing at all (unlikely based on reports) there are 13 other wells to drill. Also, the next company to take the rig is Rockhopper, desire own 7.5% of their first 2 wells. the amount of money raised, spent, invested, 200k for a rig etc etc....to send a rig 8000 miles for a 1/10 chance is unheard of, thats why they announced the source rock they found is the 2nd richest in the world and why (and is quoted) the first well is as good as 50/50 for a gas or oil find.

I prefer Mr Jack2Off's outlook to Mr TennantsExtra's

My point was the directors were freerolling so you can't really take their actions as a vote of confidence. You now seem to say they have been freerolling all along, so fair play to them mbn etc etc.

It seems your friend has done well out of the thing at least.

No wonder half the people on my table had shares in this bit of hype at my GUKPT table at the weekend.  James speaks a whole lot of sense, as he is clearly not talking through his pocket.  If the company share price was expected to be £3 or £4 in the next couple of weeks, then it would be £3 or £4 now.

Anybody who has said, in all seriousness, that this company whose assets are a bit of cash and a licence to try and find oil is bigger than Cairn should have been laughed off the board.  His credibility is absolutely shot.

If you really want a serious investment discussion on Desire or Falkland Oil and gas, go to fool.co.uk as somebody has said.  ADVFN is pretty much full of rampers and idiots.

There is a very good article on the falklands oil prospects here from a respected oil investing expert http://www.fool.co.uk/news/investing/investing-strategy/2010/02/24/oil-investing-the-falklands.aspx  Basically there is a chance of oil, but it isn't a certainty and conditions could be difficult

cheers

LOL, are you a deramper? All oil exploration is high risk, nobody denies that, and why wouldnt the market price be held back when there is talk of war again? It was pretty much the only thing (war) that would hold this share price back, as anticipation on them striking and increasing over 1000% overnight forces a share price up.

For example, GKH was 9p a few weeks back, they struck oil, share price then hit over 90p over night. If Des strike recoverable oil in the first well, based on what they think is there the share price on recoverable oil at x million barrells works out betweek £6 and £11. They are not pie in the sky figures, they are calculated figures at oil around $80 a barrell. Thats also based one one strike.

Shelldrilled in 1998, 6 wells, oil shows in 5 of them, however as oil crashed whilst they were drilling from $30 a b to $10 a barrell, it was not commercially viable for them to continue.  The first well is anticipated at between 600m and 2.7 b barrells of oil (not including gas) this is bigger than anything found in the north sea for a long long time.

Also, all this war talk, fall out over who owns falklands, a group of tiny worthless islands 8000 miles away....do you think we lost 300 service men for pride or do you think there may be a reason for it?

good luck!! I'm in deep and have topped up this week at 96p, good to see them today at £1.09 although my average price is still in the 40p (approx).  and my information doesnt come from adfv, iii, fool.com or any rumour forum, it comes direct from the owners of the company, who do not give out false or inside information, just basic facts. I hope anyone who has took a punt on these how big or small holds their nerve as its a volitile share yet im confident we will all be smiling at the end of it!! the facts if you care to look are in black and white on the internet on desire website and most companies are now advising desire as a hold or strong buy!!

I'm invested in this and i know it's a risk. It's just deciding whether the reward is worth the risk and i decided it was for me.
Not gonna get rid now.

i have invested because i am a donkey

Rewards are DEFINITELY worth the risk on this one!!!!

I guess my problem with this most of this thread seems a little frothy.

This isn't a coin flip with 20p if you get tails and £20 if you get heads. 

A better anology is putting someone in the WSOP main event.  Most of the time you'll end up with zero (or maybe close to zero).  One time in ten or maybe 1 in 5 if you back well, you'll get something, but much of the time it may not be much.  Only a small proportion of the time will you be flying out to Vegas in November with your pockets full to bursting.  If I was to buy companies like this, you'd be better buying a basket, and not doing the all the eggs in one basket thing.  For instance I own shares in Shell, BP, Soco and Aminex.  The latter two holdings are my riskier oil companies and I hold smaller proportions of them than I do in BP and Shell.  To use another bad poker analogy I guess I am doing the equivalent of playing $1/$2 with my $10K, rather than going for the big spin up.   I have no problem with spin ups, so long as the person doing it knows they are spinning up ofc.

As an aside, the chance of a succesful drill at Liz well is 17% on the research that I assume Desire paid for and not the 50% recently claimed.  http://www.desireplc.co.uk/pdfs/Desire_CPR_Final_Report.pdf.  It is on page 2.  And that 17% isn't the chance of getting a monster field, it is the chance of getting one barely commerical.

And I am not entirely convinced that 17% is a low estimate.  You don't usually pay people to come up with bad stories for your company.

And you can be pretty sure they think this is their best prospect.  It has the highest chance of success and an expected decent size if succesful..

And if I ever call somebody a deramper or post that any company I own has a low price bcause of "shorters" you can shoot me. 

Anyway best not carry this on too long, I don't want to turn up at a GUKPT and have a bunch of angry poker players giving me a load of grief because they missed out on the chance to make £200K.  And that is always a possibility, albeit probably a small one.  And I used to waste too much of my life on internet share boards and I don't want to start that again!

I think that may be fair.
I've never been involved in shares before so i was looking at this as a potential spin up. It's around a 4/1 shot and if successful from what i've read i don't think £7 a share is unrealistic so it's paying 6/1.
If it doesn't work out - never mind we move on.
If it does it gives me some funds to invest in other companies and try and build up from their.

In that case, I'll remortgage my house and buy a load. Sounds great. THANKS!

Or maybe not.

I don't wish to shatter anyones illusions and this may prove to be a very good stock but it has the look of a stock which has been way overbought on hearsay and gossip.  There is little doubt that there issome oil in the Falklands but there needs to be more than merely some oil there for this stock to take off.  There needs to be a huge amount there for it to be viable.  The market is very good at understanding risks like this and I would say thatthe chances of them finding a commercially viable well are probably priced correctly.  Comments such as"and the share price is being held back by shorters and the Argie situation unfortunately" are a bit misleading in my view.  The share price isn't being held back by these.....they are very legitimate concerns.  If there is any kind of millitary dispute down there these shares are worth preety much zero.  This is also the case if there is a political solution.  As for shorters they are, generally smarter than those that go long....thye have to be and if any company (especially small companies) that you hold a position in are targeted by them then it is normally worth taking a long, hard look at your position.

I love this thread.

I am now the majority shareholder of Desire.

love the bit about shorters are far smarter that those that go long....thats the best statement yet, thats like me saying im the best poker player in the world. On my day I could win the WSOP but i generally wouldnt because im no good...!! bad statement that!!

Not sure I see the relevance of your point about bad poker players winning world series.  Shorters have to be smarter to make the same amount of money than those that go long because they have to worik against an inbuilt tendency of markets to go up so if a market goes up say 1% a year on average then to make 10% per annum they have to make 11% against the general market consensus.  Long investors only have to make 9% agfainst the general market....It is like the difference between being a punter and bookmaker.

Dessie is getting a good caning at the moment.

Yeh, a little bit however there is no reason for the share price to move up atm, the price already has in it the argie situation, drilling with no assests etc,  so it should stay like this until around the 22nd march when the results of drill are released. Then its boom or short fall, I say boom or short fall because if there is oil then bang the price flies, if no oil in this well then there is 11 more to drill yet in an area of the 2nd source rock in the world!! chances of finding no oil at all are pretty slim unlike my mate Randy.

If there daily shares traded starts to increase and there is a big movement upwards or downwards (big not 3-4p) then you know news has leaked and follow the trades!!

http://uk.reuters.com/article/idUKTRE62R0WD20100328

Looks like the SP could be in for a pretty heavy drop tomorrow.

sighhhhhhs

DES   Desire Petroleum plc   50.00   -50.00   -50.00%

Ooops.

nOtGoOdAmEnTs.

Japes

not good news.


who is gonna top up because the price is soooo cheap?

Just finished reading the thread, I cant see one post from Tighhty advocating this, and then again i see no posts warning,  as such I will refrain.

:D

You do all know Blatch piled the football trading money into these shares on Sunday morning??!?

It hit 38 at a low point yesterday. Now at 51.75. Could have made 36% in one day (ignoring the spread, obv).

Alternatively, put all your money on a corner. 32/33/35/36 is my personal favourite. Getting about the same odds, I reckon, and it would only take about 30s to know if you've lost it all, as opposed to another 6 months.

Up jumped a boil of bubblin crude....liquid gold...... so not.... ul lads. Does this latest setback now mean the dreams over ?

To the tune of the Beverley Hillbillies

Ill tell you a story about a man named  James
A poor poker player who kept his family fed
And then one day he was reading the FT
And lumped on Desire cause they wanted to dig

At first the stock rose as desire fed the press
and he told he mates to lump on this mess
and then one day when they star-ted to drill
all they hit was dust and a dribbling well

So now theres no oil and the price is on the floor
The drilling rig abandoned and washed up on the shore
Everyone is sel-ling to cut their loss and run
And Hopkins buying more "cause it seems like fun"

Ha ha Nh Guy

Lol marv! Still 16 wells to drill yet including the biggest well.. so FU lol!

Ignore the cash pile to an extent, it needs that as protection in case any of the £2.5bn order book goes wrong.

That said, it looks like a cheap stock. 3/4 of the order book is in water, waste, nuclear (stable markets) etc not in construction industry (cyclical) per se

The valuation of the whole sector is struggling because of what has happened at Jarvis and due to impending contract award uncertainty (hung parliament) from the government sector

downsides of costain.

It is big in construction and big in PFI contracts.  The former has had a rough time and there is going to be some serious scaling back in the latter after the election.  These big contracts also have the potential to have big nasties hence the need for a big cash float.

It has debts as big as its market value.

It has been woeful for a long time.  Just look at its share price history.

In line with jarvis it needed a rights issue not long ago.

P/E of 10 or so isn't that cheap for engineering/construction type companies, they can get way cheaper.

The pension deficit is obviously a problem, and may well be as big as its market cap in reality now.

FWIW It has closed the pension scheme to future accrual which is a step further than most other companies have gone.
So overall it may well be cheap, but may well deserve to be.

dunno

Oh yeah and I bought some Desire today at 47p ish

see http://www.fool.co.uk/news/investing/investing-strategy/2010/03/29/oil-investing-the-first-falklands-flop.aspx

Zero return is obviously more likely than a roaring success obviously, but the risk/reward has probably tipped a bit more in my favour.  So now I have two cr appy little oil explorers, but the combined value of them is less than my shell holding alone.

Costain do a fair bit of nuclear work, which is unlikely to go away. They're building the new high activity evaporator at Sellafield, for instance, which is about a £400m project (IIRC). They're also involved in gas transmission infrastructure (or have been in the past), which is another energy area that is having money invested at the mo. Not saying you should buy them, just more info.

Should I be holding on these or getting rid for a comedy loss?

i will buy them off you for a comedy amount if you like?

A pair of shoes?

2K bud?

30% in my forex trading adventure

If a stock is performing poorly it usually is poor

If a stock is performing well it usually is a good buy

Two very simple basic rules, follow them and you wont go far wrong

Believe me, i have plenty of scars, and grins.

o hai der Oil!!!

We gonna be rich?

Shares in Rockhopper more than doubled following the announcement. Shares in Desire Petroleum were also up 70%.

Does that mean Hopkin has made a profit? Did he sell them before this happened?

Desire are still below what i bought at but it's good signs.

i topped up when it was at 40p so it will lower my average price of each share. So when the shares will break even at alower price but it ment i had to invest  extra

Nope I am still the majority shareholder.

Booooooom

Rockhopper going through the roof. Very positive results from their well by the sounds of it. Can only be a good sign for the rest of DES's wells.

anyone holding rkh? if so, what is your game plan? this and des have been my first dip in the market and i could lock up and freeroll on des only..

anyone with any thoughts?

Holding out for £3 but got in at ~70p so would have probably sold half by now if i was on at ~30p

I sold half today, so am freerolling.  Figure they haven't actually got any oil yet, so no harm in taking a profit/selling into strength.

Only got shares in desire gonna sell some if they ever reach to the 2£ area to break even
Then keep the rest for massive profit


Drinking whilst pokering isn't good

I hesitate to ask, but how did you manage to get a breakeven price of £2, particularly as you said you topped up at 40p??

He said he'd sell some if they got to £2. I imagine he means if it gets to £2 sell X% of his shares to break even on total amount invested leaving a free roll on his remaining shares hoping they go big.

this

Sorry not been on for a while!

Im holding RKH and DES but not the other 2 Falklands Oileys. I brought in at RKH at 47p and with price finishing today at 2.51 nice profit, although DES is still the company with better prospects and is undervalued at 88p. Desires potential is huge as they have the pic of the wells and the bigger prospects. Short term RKH for quick profit (even at 2.51) as they are about (any day - today or tuesday is likely) to announce the strength of the oil find! Price anticipated to be £3-£6.

Des - so cheap at 88p, will go back to the original well and is now looking likely to be huge by the end of the year. Its not too late to get in, at 88p, this will look so cheap in the coming mmonths, however will not get the rig back til end of July - start of August to drill their next well. Rumour has it they are going back to the first well rather than moving to the next of their 9-13 wells.

If RKH announce strong oil, DES will rise to approx £1.00 - £1.30 on the back of the news!!

Good luck to all invested!! going to be a good year for anyone in these shares!!!

sigh

Read this then checked the share price and wtf happened in RKH this morning?

Ouch some folk got really shafted by stop losses today. Trades going through at 62 pence at the bottom.

desire dropped to 57 p today but then went back up to 85p dunno whats going on but glad its back up to where it started from

Looked like the city boys playing games, apparently triggered by some fat fingered trade. Mr Moody quickly put a statement out saying there was no substance to the sells and into the bargain confirmed the api of the test sample and stated the delay in the latest rns was due to the airbridge and customs issues.

These two shares are real rollercoasters!!! Im on for the ride... wiiiii

next week i will tell you how to make £200,000 in 7 - 14 days from an outlay of £20,000 serious.,.,all above board not breaking the law.,.not poker or anything like that.,.its 100% guaranteed,.,,.,ive been working on something for the last 6-8 weeks and next week it happens.,.,.,i will let you know the outcome.,.,.,
this is not  piss take.,.,

Had a heart attack today when watching live prices!! however, Sam moodys news release not only sorted out the dirty rats bear raiding the stocks and shares (funny how it happened at lunch time when big personal city investors were on lunch!!) but their news release de risked the results from Rockhoppers oil. Basically they have said the results will be good!!

FSA is investigating the bear raid today, you can see it on this mornings timesonline!! last time this happened someone was jailed for 4 years!!!!!

http://business.timesonline.co.uk/tol/business/markets/article7142940.ece

FYP

Staking thread FTW,I'm in and so will Stu be,can't resist innit

FYP

serious guys what i do i cant say on here.,.,as youll all be at it and fuk it for me.,.,it all happens next week.,.,i cant wait.,.,.100000%guarantee 20k to get 200k plus.,.

How about just buy Rockhopper or Desire - read the news, anyone who purchased shares owes Cottonbud a pint!!!

http://www.iii.co.uk/investment/detail?code=cotn:RKH.L&display=news&it=le

watch Rockhopper fly today, then watch desire fly behind it, then watch desire rocket in 2 months!!!

Sigh I was hoping you'd put my share in,iin that case I'm out.

GLGL Getting the lot Sofa

Must be nice on planet sofa

So they bought shares at 110p that are now 99p and they now have to buy him a pint.  Sick rub

Does it involve number plates?

Whatever it is I'm in. It's not often something gets guaranteed more than is actually physically possible.

I usually settle for 100% guarantees on my investments but when it's 1000x more definite than a 100% cast iron certainty I'd be a fool to not get on board.

just an update for anyone following this thread....Rockhopper found 140millon B's of Oil, been upgraded to minimum 242 barrells - 695million. They will be getting the rig back in July to drill their next well, and then flow test the well they have hit!! City Brokers predcting between £6-£8 for Rockhopper on flow test results.

Good news for Desire is that the results so far show that all the north basin is riddled with oil and seems to be flowing eastwards. Desire have all the east wells and have 2 wells which are identical play types to the Rockhopper well (that has been hit). Desre have announced they are changing their next drill (which has been delayed to september due to Rockhopper flow testing) and they will drill this well (the identical play type). Des currently about 90p. Unreal price for this share compared to what it is likely to be by xmas!!!!!!

RKH went from 37p to £3.70 in 3 days after hittiing their well, desires are bigger and they have more!!

Good luck

I presume the attempts by the US to regulate deep water drilling can only affect US waters and won't affect Falklands?

The North Falklands Basin is not deep water exploration. I believe its a little deeper in the South so there should be no affect.

Good luck to all those who invested in these two companies!

'This time next year rodders'

[/quote]

I presume the attempts by the US to regulate deep water drilling can only affect US waters and won't affect Falklands?
[/quote]

hes spot on, The north basin is tested shallow waters whereas the southern basin is untested deep water drilling. FOGL are drilling a well in an untouched southern basin as we speak and should post results within next 2 weeks!!

Just a quick question for jack2off......

How much do you favour DES over RKH? both obviously have their pros and cons.... although my favouring is for RKH, due to the way their BOD operate.

Any thoughts?

Craig

As the USA have banned deep water drilling - al those rigs that were tied up in the Gulf of Mexico are going to be racing down to Brasil to drill there instead.

Although i see a judge has overturned the 6 month moritorium today. (i think his reason was money is more important than beaches covered in oil)

Just stuck £500 into an online spread betting investment firm for a laugh. Anyone got any tips I can try and bink on? :D

put the world on BP

That was the plan...............

FYP

A lot of the upside seems to have already happened, as I think BP is bound to end up less valuable than it was a few months ago when it was worth £6 a share.  £5.50 feels optimistic, so I think somewhere between £4 and £5 feels about right.  I'd hope for the latter, but you aren't going to make a fortune.   

FWIW it is my biggest shareholding.

Would have done tbh but all my savings etc were tied up in other stuff then. Still think it will continue to rise slowly for a little while, we will see. Have put a stop loss on it, so if the well blows again I don't do my nuts :D

[/quote]
Still think it will continue to rise slowly for a little while, we will see.  [/quote]

I think that is probably true, and long run we'll be fine.  I kind of hate spreadbetting shares though.  I used to do it a lot, but became a share nit when I took up poker.

Still think it will continue to rise slowly for a little while, we will see.  [/quote]

I think that is probably true, and long run we'll be fine.  I kind of hate spreadbetting shares though.  I used to do it a lot, but became a share nit when I took up poker.
[/quote]

Tbh, its obv a punt and I know that. But I don't mind trying for a bit of a spin up with a small amount just for interest value.............

Stake players a lot more fun imo

Pffttt, done my bollocks with that one, trust me no fun in that...............

Gl with this Woodsey, just be careful with the stop losses though, folks often get burned with these.

A lot of people lost a lot of shares because of stop losses due to a recent hit and run bear raid on falkdlands shares, price dropped (at lunch time when everyone was away) from 3.20ish on rkh to 80p....then went straight back up....kicking in everyones stops....then they couldnt buy back in!

dangerous sometimes if you're not on the ball

Stake better players?
Also give them more volume to make££

Yeah, have only got £500 in there at the moment so I'll live with that if I do it. My max downswong stop loss with BP is about £200 so meh...............

LOL Ok hadn't thought of that, may be a reason to be even more conservative with stoploss perhaps...............

LOL just put a staking request up if you need it hehehehe..........

Does anyone on here actually know anything about spread betting the financial markets? I've managed to bink my £500 investment up to just short of £800 and tbh I don't really know what the fk I'm doing, just got lucky I guess :D

Be good have a bit of advice, or maybe some pointers to some websites that could be useful for tips/general advice or whatever.

Lol

[  ] Plan

Am I still hanging on to these please Mr?

Sorry only just seen this reply, most definitely still hold, do you hold both ? Rkh now doing well rest should take approx 45 days and then DES get the rig back for a planned 4 drills, the first being a well called Rachel which is connected to the sea lion well rkh have struck gold on!!

I hold both and am holding solid, there is a huge hedge fund buying small amounts often at the minute in these companies, they were trying to keep a low profile but it's sneaked out to the city!! Not long to wait now!!!

You got a link/source for this?

Give me a few hours I'll try and find the news report, will post early hours if not tomorrow morning.

Just waiting for a reply from a guy who I know who gets all the good info on these shares. however this was all i could find for somereason today, looks like iii have removed the links to the infromation

will post as soon as I get a reply!!

---------------
Is it the Hedge Fund that Garbled mentioned or an Institutional buyer?

I just wonder who know what - to give them enough confidence to invest about £2.5 million today - making the assumption that's it's one buyer.

In my experience there's rarely 'smoke without fire'.

Watching closely....
====================

I think Garb knows of 2 hedgefunds, I know of one of them and their trades.
I can answer this question on the 250k tomorrow in terms of one hedgie. Obviously we were at this point going to get the larger players in the fray.

I suppose the main point of this info would just add confidence if a major (and quite successful) hedgefund was to recognise the potential.
This particular hedgefund has yet to touch the others down there, maybe they regard them still as too high a risk.
It is worth noting that the hedgefund in question does not have a record of acquiring companies or interferring too much in the board activities (in this case that is a good thing as I'm quite satisfied, read extremely impressed, with the board to date)

------------------------------------

Anyone else get in on Tullow Oil?

Looks like there maybe some strikes pending at some point, anyone know what type of shares this sort of action is likely to affect negatively?

The strikes could effect RKH and DES but only very minor, as in day traders forcing the price a few % down. However as the production of the oil in the falklands is a while away, the major increase in price will generally be based on the results of the drills to find out what exactly they have there. Rockhopper went from 10p - £360 in no time at all. If the well test (which is happenign right now) comes back ok, and then they do an appraisal well, the price will boom regardless of any strikes etc!

Des will pick the rig back up end of sept/early oct and then keep it for 4 wells, good time to be getting into desire now if you're not in!!

Not really talking about oil tbh. Am interested in other industries that might be affected by the potential upcoming union strikes............

Ah ok mate, I know a good city, I can get his opinion on it tomorrow or later this evening! will post what he says if it helps!

Yes please............

Not really talking about oil tbh. Am interested in other industries that might be affected by the potential upcoming union strikes............
[/quote]
Ah ok mate, I know a good city, I can get his opinion on it tomorrow or later this evening! will post what he says if it helps!
[/quote]

Yes please............
[/quote]

ok that was quick - this is what he said :

will union strikes effect companies share prices in general?

9:20pmTim
Not much

One days loss of earnings doesn't translate to much

9:21pmMe
??

9:21pmTim
Won't affect speculative stocks pharma, oil and gas etc

9:21pmMe
yeh

9:22pmTim
Union strikes short term, might hit retail, manufacturing etc

Won't affect financial services

------

I'll try and get him to come on and explain more!

Ok Ta..........

We appear to be on the way up.

Any idea where we are going jack2off?

Excuse any errors quick reply on phone before off to bed!!

Well, it seems a lot of big brokers have recently changed desire to a strong buy! With the end of rockhoppers well test coming to an end in next 3 weeks, desire get the rig for 4 consecutive drills without actually having to raise any more funds! The first being the Rachel well in a proven working system in the north east basin! The upside of desire now is pretty big on 1 strike, 2 is huge! So looks as though some big players are coming in!! I don't imagine it will keep going up & up, but taking the swings & if rkh well test is positive then we slowly go up

Personally today I have  purchased another 12,500!!!! So I'm in for the ride good & proper now!!!!

Thanks for the update  :D

I've have spread bet them £5 per point for a while now and £2 for rockhopper. Have you are particular price in mind at which point you will sell or are you just playing it by ear?

Doing good with this one :)

Hows your trading doing? whats that cheeky monkey turned into?

£1600 ish so far, so doing ok :-)

Being new to all this one interesting trend I have noticed is a lot od share prices start to drop from friday lunchtime till the close. Apparently a lot of the traders start to cash out their profits on the week which affects the prices of many shares. The key thing is not to panic........

Wiiiiiiiiiiiiiiii

Nice work, keep it going... and let the thread know when you break 10k!!

Lol baby steps.....

Rockhopper SPIIIIIIIIIIIIIKE!!!!!!!!!!!!

Whoa same Desire!!!!!!!!!!!

Just sold them both for a nice profit, might come back in again if the price is right.............

Just woke up!! lovely to see! Rockhopper have announced their flow test went perfect, oil is all commercial and will flow at min of 2300 barrells a day! (this is based on usuing old equipment) and will only get better.

I guess news was filtering back this week thats why the price was drifting up!! great price now for desire and RKH for those that got in cheap. Des now have 4 drills on the spin and this could be the only time you see the price this low!! (fingers x)

Back in with a conservative stop loss.............

Now if the general price of oil would just stop fking tanking please....................

dont blame you, i dont have any! and slowly built up my shares from poker winnings so havent missed the money!! Im in deep so its all or nothing!! (stupidly) although have banked some profit!

news has started to travel!! Des could be £4 in 6 weeks!!!!!!

What is DES price ATM?

154 ish

do you still think its a good idea to invest more?

only in for 500@ 0.90

If you want to do high risk/high reward you can spread bet it like I am............

hmmmm

i think i will just stick to this and hope that it booms to 20£ or something lool

I wish BP shares would pull their finger out, just moving up and down 10 points all fecking week, I'm on them for £20 per point. If they tank I'll be starting all again from my £500 looooooooool.

Up to £4.50 please then I'm gone................

ive been in since the price was 25p/35p dropped to 19p, I also brought in at 127p!! but yesterday I brought in at 118p again. My reasoning for this was to off load some of my rockhopper at 340p, as the price was likely to hit £4-£4.50 max in rkh until they go back to do an appraisal drill (which is not til next year) so Desire drilling next 4 slots, price was likely to go from 117p - 450 on the first strike.....if more strikes out of the next 4 then skys the limit. As it happens, its worked out with Des going up 29% today and RKH 22% its worked out.

I know a lot of buyers who are coming in at todays prices, because of RKH news today, it derisks the north basin even more! Desire price 'could' be £4 in next 6 weeks, but...could be back to 80p! I would still buy in today but thats just my personal view!

Ive never spread! maybe i just dont have the balls, but know people who have made a mint, but people who have been burnt! (especially with stops in place)! but...the upside of spreading is massive.....and with a share like RKH and DES! no capital gains which is huge saving!!!!!

The thing is, I really couldn't give a monkeys if I lose £500. It the only way to turn a small amount into a large amount in investing. If I get to say £3k I'll withdraw £1k and freeroll from there. In fact I'll just get more conservative with trading once the amount gets larger anyway.

According to yahoo, one broker covers Desire, and I don't think I am sticking my neck too far out to suggest that the number of big brokers covering Desire is zero.  I don't know if you are just making stuff up, or if somebody else is just making stuff up and you are passing it on. Obviously the stock is getting a bit rampy again.

Which means?

Capita covers desire, probably a bad choice of word when i say broker. Companies such as JP morgan, HSBC, etc etc have changed des to a strong buy. Sorry, nothing made up something you can go and search on these big companies and find the information. Sounds like another bitter guy who didnt invest.

No ramping, just trying to pass on information which is freely obtained on the internet but saves people going to look along with the knowledge I have picked up along the way!

So when I put JP Morgan desire petroleum in google I get nothing?  same with HSBC desire petroleum.

Why not just put up the links to the buy recs?

Here is the digital look page for example

http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?username=&ac=&csi=11538

They have one broker listed (presumably the house one) as providing forecasts too, but guess they missed Evolution who put a buy rec out on Wednesday http://www.stockmarketwire.com/display/?id=3954078&sectionId=brokerView&fromHome=1

Evolution are not a big broker. 

?

Rampy means the price is been driven more by talk on bulletin boards than any real news. 

If you look back, when Rockhopper announced their news on the falkland drill success, you could buy desire shares for 50p.  Now nothing has really changed and Desire shares were 160p on Friday.  I bought at 50p, I would want something a bit more in the way of news to pay 160p.

FWIW Lots of rokers recommending a share is rarely a good buy signal in my view. 

Fair enough, If I was buying actual shares I wouldn't pay £1.60 anyway...........

Clearly, from that statement, you don't understand the Falklands islands drilling campaign!!

"now nothing has really changed"? are you in the real world???????

you brought at 50p? you would want something a bit more in way of news to pay £1.60?? I brought in at 117 on Wednesday/Thurs 12,500 shares. Because quite a bit has changed, I originally got in at 19p/25p/37p and 45p, I also brought in at 85p, 127p and now 117p! and this is because I have good information available to me, and also done my own research!

I'm assuming from that statement you just made, that you're not really well educated with oil drilling and risk/de risk. you couldn't have been further from the fact when you said nothing has changed. Everything has changed!!!!  You take a look at the COS (chance of success) of Desires next well (rachel) because of the North, North East basin has been significantly de-risked due to sea lion.

Then compare it to the COS of other oil drilling campaigns around the world and the potential of DESIRES share price compared to those others. Also take into consideration that desire  have 4 drills on the spin and will not have to go back to the city for funding, share dilution to pay for this, due to the farm in agreement with Arcadia (one of the best ever made in an oil drilling campaign on the back of no results).

Woodsey, pm me for any further info or questions. I'll prob leave it there on this post!  I dot ramp, you'll find those on sites like iii.com and ftse / lse forums. Not on Poker community forums!!!!!!!!!!! I don't think share rampers/de rampers have got that desperate yet where they have to turn to poker forums to effect the price of their shares!!!! LOL

by all means anyone message me for more information!

Good post Jack2off, though I would not have wasted my time by spelling out a few of the latest developments.

The information is readily available and folks should do their own research if they have invested their own money. GL to all those holding DES/RKH.

because recession pt 2 is around the corner and these will be the first boys to go

M+S shares are at quite low historical price at the moment, they have been rising slowly recently. Could be a good longer investment imo, but wtf do I know........

I'm keeping an eye on the general price of oil at the moment, if it drops much more, say to $72 I'll be spreading it quite strongly, its only going up from there in the short to medium term.............

wouldnt be too hasty @ 72 bud - check historical fluctuations

Dunno mate, its spend most of its recent time above that. It does in fact just go up and down, so its sure to go up enough at some point to make a decent profit, you just need the roll to cope with the swings in price..........

Morrisons has been showing me a nice steady increase in the last month or so, I guess its probably too late to get in now though..........

No aftertiming as you will find I was pretty negative earlier in the thread too.

If HSBC and JP Morgan had put out these buy recs you claimed, I simply dont understand why I can't find them....and if they had why wouldn't you hit that open goal I left you?

Since Desire found a duff well, rockhopper have found a half decent one, and falkland oil and gas have found a duff one.  And some broker has turned up late to the party and put out a buy rec.  Maybe overall that increases Desire's chances a bit, but I think the price has lost touch with reality a bit.

I sold at 155 earlier, and think they will get cheaper before they start drilling again.  Just wished I'd got the 180 this morning, but was up too late.

I could be wrong, but am willing to take my chances and the 150% return.

I now you were talking about Costain last time, but as I said last time they seem serial disappointers.  Have you looked at Kier?  I doubt they will ever double overnight, but they seem reasonably solid.  I have held them for a while.

Might seem a bit simple but is there somewhere that you can look at brokers "buy lists"?

I would swerve any major construction/civils company who were heavily involved with government contracts or PFI work due the obvious current uncertainties

I can probably find out for you on this, i'll post back Thursday, I have a friend who works in the city, pretty clued up on this. Will see what he says!

Worth a read also

http://www.proactiveinvestors.co.uk/companies/news/21191/broker-roundup-oil-gas-rockhopper-desire-petroleum-sterling-energy-europa-oil-gas-21191.html

[/quote]

Since Desire found a duff well, rockhopper have found a half decent one, and falkland oil and gas have found a duff one.  And some broker has turned up late to the party and put out a buy rec.  Maybe overall that increases Desire's chances a bit, but I think the price has lost touch with reality a bit.

I sold at 155 earlier, and think they will get cheaper before they start drilling again.  Just wished I'd got the 180 this morning, but was up too late.

[/quote]

Des didnt find a duff well??  Liz/Beth was a Gas discovery! If you read the recent RNS. This could turn out to be a commercial find!  FOGL did find a duster, however, I've never told anyone to buy FOGL? Thats South Falklands / South of North Basin. Which is separate to what I posted on here. I don't quite get your negativity towards me though, when I originally posted this, price on both companies was much less than the £1.60 Des & £4.97 RKH they are today. Anyone who invested when I posted would have made a very very nice profit and at no gain to myself...whatsoever!! Apart from trying to help people make a cheeky few quid!

I Don't blame you for taking profit at £1.55, Nothing wrong wit h that! wouldn't be surprised to see a retrace but I really don't know. £1.60 could seem very cheap in a few weeks time, however could also be a great sale on your behalf! You have 3.x X your money and you wont see that return in many places!

GL anyone still in!! I think thats prob it for this share from me, I'll post some info on the construction industry when I have it.

Don't leave me jack!

Im not concerned if it all goes wrong but Im looking out for the possible high in a few weeks so might need to know when to bail.

My share trading knowledge is almost as competent as my poker.  ;)

Stuart, msg me or msn if you have any questions no probs!!

Brazil seems to be the economy to be watching at the moment. Anyone investigated any companies over there to invest in?

Pls include me on any info

Thanks

I think that with current Govt indications of future policy, PFI could be seeing a decent increase in the not too distant future

This is what I got from my friend: (try and copy and paste from MSN as much as I can)


Credit lines still non existent for individuals and small businesses so really tough to borrow, Demand still very low for property and so prices are cheap (with plenty of property unsellable) - But construction firms need to take a punt on the industry /markets as property needs to be available when demand comes back
So either they sit and wait halfway through projects that are already in progress not making money or they take a gamble and crack on
Problem is they're relying on us coming out of recession without inflation rocketing
When we're equally likely to stay in recession ( demand won't come back) Or come out of recession with raging inflation meaning interest rates will go up
If interest rates go up investors won't want to borrow to invest in property  So construction in a bad way all angles at the minute.
Construction companies do best at the start of a cycle where economy is healthy and interest rates are low cos investors speculate
So if we come out of recession with inflation under control shares will go up sharply.
Property just isnt selling at the minute and house prices have slightly fallen again. So lots of companies halfway through developments without any buyers even though company has shelled out investment
Q/ is it worth investing in the industry at the minute - A/ It is if you fancy taking a punt as on the whole they're undervalued. But some companies will go under, so if you wanted to do it, invest in several, or a property index.


On Desire - not sure if anyone saw the announcement today? Basically, Desire have raised 22.8 million through the city to do some more 3d seismic surveys on new play types they have discovered by a share placing. They've been snapped up at £1.40 a share (always discounted) which is fantastic news for desire as it means the city is confident enough to hand over 22.8 million for a company with no oil yet!!!! Seems that volume is up all week because hedge funds are coming into Desire!!

Does any one have a view on the price of gold and where it may head in the future? Am very tempted to spread bet on it going down at some point, not just yet, but the price can't keep going up. Anyone with any knowledge have any views on when it might peak, what price etc?

Doesn't that depend on whether governments keep printing money?

does anyone think the care industry will become big

ppls standard of living is improving and the baby boom of the world war are getting older so ppl will be placed in nursing homes etc etc etc

this is for a long term investment


btw this is just from the top of my head nothing has been researched

I know fk all mate, that's why I'm asking, tell me what you know............

Really no idea but I generally dont think peoples standard of living is getting better, house prices dropping, no banks lending. Everyone has tightened their belts! Just my view!

as in health wise ppl are living longer then the olden days

Its already a massive industry, but its mostly run by individuals so I'm not sure of the availability of shares etc. And you are right it is growing.........

Quantitative Easing is basically creating money from nothing (i.e. printing money). The money there is the less it is worth so, all things being equal, you need more money to buy the same item (i.e. inflation).

So if governments keep printing money then gold can keep rising in price because it's keeping it's value while the value of money is falling.

That's a rather simplistic view though...

Paul ho,

Carehomes have been big for 10 years and they will only get bigger

I'm not just on about care homes. I'm thinking whole industry

Might find some manufacturers in china!!!

was on teh phone, i meant teh whole industry

lots of people have made lots of money being in this sector

BP has risen a lot in the last couple of days. Was going to wait for £4.50 before I sold but just got out at £4.34 for a nice £550 profit. My original £500 is now up to £2400 :)

Have decided to spread bet Brazil's stock market as a whole rather than individual companies. Its been doing well even during recession and can only really benefit when the worldwide economy turns around.

Its called the IBOVESPA stock exchange. I'm sure there are funds out there to invest in if people don't want to spread it like me, although I haven't investigated that.

Some notes from a guy that attended the RKH share holder meeting today, posted on the iii website.



Firstly, I¡¦ve only seen a few snippets from this bb since I got back from the AGM but it¡¦s amazing how so many people that were at the AGM hearing the same thing, can translate it in so many different ways! This is my take on the proceedings. I neither aim to ramp up or down what I¡¦ve heard, but I¡¦m documenting it how I heard it. People who weren¡¦t there will unfortunately have to decide which reports to believe or not believe! ƒº

Gibson Hall was a good venue. Dr Pierre Jungels commented how last year literally only 4 shareholders turned up, so it¡¦s amazing how much things can change in a year!

The presentation was in two main parts. The first by Dr Pierre Jungels and the second by Mr Sam Moody. I was impressed by both presenters but it was very clear to me Dr Pierre Jungels has a deep-rooted understanding of this business, and at times, he was struggling to contain his excitement about the potential of Rockhopper.

There are a number of changes at board level but I¡¦m assuming that has all been covered off by the RNS so I won¡¦t go into that.

The key points that I picked up on were as follows:

1)   The whole team are very excited by Sealion. Dr Pierre Jungels commented that in the unlikely event that Sealion was a stand-alone discovery, it would still be commercial. Even at ¡§considerably lower oil prices¡¨.
2)   New CPR in progress to be released anytime before the end of the year. From the tone, ¡§my take¡¨ on that was that we¡¦ll find out anytime within the next 2 ¡V 4 weeks. The board believes there is ¡§SERIOUS UPSIDE POTENTIAL¡¨ to the existing figures.
3)   Currently in discussions about carrying out more 3d seismics on the area south of Sealion and north of Rachel.
4)   They were surprisingly upbeat about Ernest. I¡¦d more or less written that one off, but they said that work was on-going to analyse the results of Ernest, and that on the basis that Ernest contained a high quality reservoir, they think that area of the basin is far from dead.
5)   Dr Pierre Jungels emphasised a couple of times the significance of the fact that every sand encountered in Sealion was charged with oil and that despite drilling 217m into Sealion, no water contact had been found. They really are excited by that.
6)   When asked about future risks, they saw both the geological and the political risks as being ¡§low¡¨ which I found interesting. The big risk to them was if there was another downturn in the financial world as that would then make the process of securing future funding significantly harder.
7)   They again confirmed that the flow test (whilst successful) did not go quite to plan. Only two of the guns fired and they also didn¡¦t have the necessary equipment to carry out a proper test. That will be addressed during future flow tests on other drills. They would see the eventual flow rate in a production environment being well in excess of the 4000 bopd that has been specified thus far.
8)   All funding options are currently being considered. Nothing has been finalised. But again it was stressed that future funding would be achieved with the ¡§shareholders best interests in mind¡¨.
9)   There was a question on whether they would eventually try to farm-in a major, sell-out, or go to production. They said all options were still open, but from the tone, it still sounds ¡§to me¡¨ like they would like to take this to production. It doesn¡¦t at all sound to me like they are only in this to make a quick buck and then to run.
10)   There are still two options not yet secured for the OG as part of the current campaign. DES have first refusal on those options but Sam was keen to stress that he believed that if RKH wanted one of those options, they would be able to successfully negotiate that with DES. Personally, it sounded to ¡§me¡¨ that one of the appraisals will be done sooner rather than later.
11)   There was a question about the gas discovery but it was made clear that the oil was their priority and that there would have to be a minimum of 5tcf to make the gas commercial. This was clearly a low priority to the board.
12)   No plans to join FTSE until after the appraisals as that would be the optimum time to join.

In summary, I was very glad to have attended the AGM and I came away feeling extremely positive about the future. When I look to invest in a share I look for stocks with the lowest risk combined with the highest potential. It¡¦s obviously a balancing act but I seriously can¡¦t see another stock out there that has such huge potential gains, combined with the ¡§relatively¡¨ low risk. Of course there are still risks, but the share is under-pinned by Sealion, and I think once the new CPR comes out, we¡¦ll all be very pleasantly surprised by exactly how big a beast it really is!

I¡¦m in this for the long term, and I can¡¦t wait to watch this story unfold!

Bump

To general disinterest here, Rockhopper announced a rights issue the other week.  But then made a statement today which pretty much said that they may have been getting ahead of themselves with previous announcements and dropped pretty severely early on.  Desire seemed to hold pretty firm for much of the day then dropped quite severely late on.

For those who think I got away with it, I still have a holding in Soco, which hasn't had the best of weeks either.

FML, done my fking coconuts with rockhopper in the last few days. Price will recover, but there is lots of panic selling going on for sure that hasn't helped the price, sigh...........

Sigh

 :(

I can't see my rebuying.

It isn't because of the price/prospects it is because the events over the last 3 days stunk a bit.

As I noted in my last post, the price dropped rapidly on Wednesday late on.  It was weird as Rockhopper's price had plunged early, and Desire's price had barely reacted.  On Thursday the plunge continued, well in excess of anything that happened at Rockhopper.  So by Thursday evening Desire has dropped from 165p to 108p a share. Thursday's dealing volume was about 5 times higher than normal.  On Friday morning Desire announces it has a duster.   

Now to me it is absolutely clear that some people were dealing on this news from at least Wednesday afternoon.  I don't think you can ever stop leaks, but once it was clear this had happened, then the company had a duty to make an announcement. They should have made this announcement late on Wednesday or before the market opened on Thursday.

As a result of this, I can have absolutely no confidence the board will ever treat me fairly in the future, and they will have to go elsewhere for any more cash for drilling.

I have no position in Desire Petroleum.

Online Stocks and Shares is rigged.

Super mother fucking sigh

On paper, I lost 53k weds - Fri, however, speaking to the guy who got me into RKH/DES, lost 1.5m as a paper loss over the same period!! He is not worried!! its only a loss if you sell!! however, we're both in a good position that we purchased our shares at such a low price, even these prices gives a hefty return!! however, I wont be selling a share! im in for the duration of the campaign not just a couple of wells.

Lots of confidence flying round still, RKH will fluctuate, they have announced a 200m share placing this evening going out to institutions, that pretty much sures them up!! people panic selling and Market Movers manipulating the price to kick in stops!

I never have stops for this reason, and DES/RKH has not changed for me!!

GL anyone in and n1 to those who took a profit!!

Quelle surprise.

Sorry to be rude after you've taken the time to post a lot of free advice on this thread, but I have to say when I first got into 'stocks and shares' I was warned to be wary of people that talk like you and to try and find people that talk like Doobs. A thought experiment for you jack2off:

You have a nugget of pure gold that weighs 36.5g (worth approximately £1000 at today's price).

Scenario a) You bought it for £300 5 years ago. How much is it worth now?*

Scenario b) You bought it for £2000 6 months ago. How much is it worth now?*

A foolish gold trader offers to buy your nugget for £1100. Should you sell it to him? What about in scenario a)? And b)?

*I am aware that these prices are not historically accurate. Play along, it doesn't affect the question.

I would be extremely happy if you could furnish me with an answer that manages to convince me that price and value are exactly the same thing, and that the price you bought something at should logically affect the value you attach to it.

Sell the gold to the fool and buy another one.

Lock up the £100 of the foolish trader and then risk it going up to £2k again whether you are in scenario a or b.

If you're in scenario b it owes you a grand so you can't possibly sell.

If you're in scenario a you've written off the £300 so you might as well wait until it goes back up to £2k like it was 6 months ago.

It's just a gamble like any other. When do you walk away from a roulette wheel? If you start with a grand and win 10k but at one stage were up 12k should you have walked away then? Probably yes but then with that attitude you'd never have got to 12k in the first place because you'd have cashed out at 2k or never played in the first place.

Keep gambling Jack2.

Stick to investing in football traders Mr Keys. That's where the real easy money lies ;)

I totally understand what you're saying! and in most cases you have a point and when it comes to investments, I don't gamble and in fact have done very well from this.

But im not talking about other investments, someone (I think you) mentioned before about me having a love affair with this share, the fact is I do and for very good reason. This was a pure gamble for me, cost me a few thousand to get in, as it stands I'm over 10x in profit even with the 50k loss, and its not gone until I sell, shares fluctuate, especially AIM invested shares that involve Oil Exploration. Having stop losses on a company that is going to drill for oil, with rumours, rampers, de rampers, and corrupt market makers!!

Now, I have a lot of other shares, some of which I have stops on, because im nicely in profit so have tied that in regardless, maybe I should have explained that. Its DES and RKH I dont have stops on and the reason for this is because of what i mentioned above. Especially with Market Movers/Makers and clever rampers, will manipulate the share price on a company such as DES, to make people panic sell. As an example, a few months ago, Rockhopper crashed at 12pm, manipulators caused a panic, caused MMs to drop the price by 70%, the price eventually snow balled down as stop losses kicked in (old stops that hadn't been removed before the rise) and this all happened when Personal investors were at lunch between 12-2, therefore the rogues snapped up a load of cheap shares, Rockhopper was forced to announce that there was no reason for the price drop, and the share priced ended up back as it started.

Desire, £1.30 drill a dry well, price drops to 50p, RKH hit desire ends up at 1.74 before they've put another drill in the ground, they announce they hit a duster (which actually isnt definitely a duster as they're sidetracking on the same well) price drops to 50p, ends today at 90p. Prob will end the week at £1. So fluctuations on this share is too risky to put a stop on. I've sliced off little bits here and there when xfering my holdings from RKH to Des and back again.

I dont ramp or de ramp shares and Im definitely not one of those people you're referring to! I don't post on share forums. I posted here generally to give people a tip on this share if they wanted a punt. Like anything, its a punt, don't risk what you cant afford to lose but....the upside of this share is amazing if it comes off!

Anyone who is sensible, and read this post, would have make a nice profit if they'd sold a couple of weeks ago after the initial post.

So I totally see your point and don't usually gamble this much, but what I have in with these two companies, Im prepared to ride the ups and downs as I think it will end up a lot higher than it is today and I have good reason to believe it!! (Rochopper was 14p less than a year ago! and will end up within a year possibly £8-£9?) now that's a return!!

Good point though!

Sorry, got to call bullshit on that one. DES current price = 92p, the only time it's been below 9.2p was on the week following 9/11, and a few days in the summer of 2003 (yahoo finance chart (http://finance.yahoo.com/echarts?s=DES.L+Interactive#chart1:symbol=des.l;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined)). When did you buy and at what price? Rockhopper chart only seems to go back 18 months, but again, never been below 1/10 of current price. 52 week low on Rockhopper is 31p, according to financial data on both yahoo and google. Where did the 14p come from?

And if you lost 53k on paper last week, your 10x profit is also on paper.

Your mate doesn't happen to work in a boiler room (http://en.wikipedia.org/wiki/Boiler_room_%28business%29) does he?

Rex, maybe you missed the line where i put about xfering my shares from DES to RKH and back DES, and vice versa! maybe you don’t understand how share trading works, Maybe you think you buy a share and leave it there til you sell and that’s it done? (which you can do obviously)

Maybe you should go onto iii.co.uk, do a share chart for des and RKH for last 6 years, look at the highs and lows and do a few basic mathmatics!

Maybe that’s why you just posted a pathetic reply??? Maybe that’s why i still have 10x initial investment after losing 52k on paper, and maybe that’s why you will never make money from things you don’t understand, as if you just asked I would explain, rather than trying to be smart and making a complete tool out of yourself.

I thought Forums like this were there so people with a common interest help each other out with things they're not competent in, and one thing is for sure, you are not competent in share trading, working simple figures, or posting decent replies trying to catch someone out by trying to be smart! Get up a bit earlier kid!

Lesson there somewhere!!!

Boring ell! Is this for real lol. I make a thread genuinely to get some interest in stocks and shares on here and my friend under no obligation comes on blonde offering you free advice on the stock market in an oil company. And all most of you do is moan and make negative comments about him.. I mean really? Where's your guys tips?! I can't see any to be honest.

All I see is take take take and then moaning when the price drops. It's a bit sad to be honest and one of the reasons I rarely post anymore. I'm pretty sure he's made alot of you money on Rockhopper and he didn't even have to tell you about it. He chose to because he is genuinely passionate about Desire and he's had his investment for years he's always had great info on the matter and I asked him personally if he would like to comment on the thread he never had too. He chose too. Maybe some of you should re-invest in people who lie to your face and take your money with a smile on their face. It seems people on blonde respect people more who post fake profits like Blatch rather than those who tell the truth.

When did you start trading this pair?

you need to ask? you mean someone as smart as you cant work it out? 2004, ok no more answers!! making it to easy for you!!

what a leg end!

LOL at the moaners, its stocks and shares FFS its gonna be a roller coaster ride in this type investment where they are trying to find oil. Hold onto RKH, its worth Min £5 per share based on the oil they have found already and might go up higher if they find more. DES is and will always be more of a punt until if/when they find something as RKH was before they struck.

jack2off>>>>>>>>>>>castration>>>>>>>>>>>>>>blatch

Im quite happy with my investment, its nice to have a sigh or a wiiiiiiii every morning.  :D

Tell me about it....checking them first thing in the morning for the last several years....my life will be empty when i eventually get out!!

I might have to get involved in Stocks and Shares,I never realised there was such degeneracy involved.

If you're genuine, I'm genuinely sorry, but the way you've been puffing this stuff is classic boiler room - every piece of good news is fantastic, shares will be £8 in a year, blah blah. Every piece of bad news is just a tiny setback, nothing to worry about, shares will still be £8 in a year. You've continually made implications that an oil exploration company with big debts, working with the cutting edge of technology, focussing on a geographical area that's potentially politically unstable, trying to find oil that potentially unrecoverable even if they do find it, during a time when deep sea drilling has had a major setback, is a good place to put your money. Given the historic failure rate of exploration companies, putting all your money on 32red probably has an equivalent rate of return, and you can do that in 5 minutes, not 6 years :). Which is all fine, if you like a gamble, and of course the small print is don't risk money you can't afford to lose. But the small print is being drowned here, and even on a forum for gamblers, I think a little more openness about the risk is appropriate.

I'll admit, I'm not a regular share trader. In fact the only shares I own are in the investment banks I worked for, either from the IPO (Goldman Sachs), or discount share purchase schemes (BNP Paribas). The business I work in now (simulation software for oil and gas production) isn't publicly traded, so no shares there.

Go to the forum at www.iii.co.uk

Its where most get their info from and backs up most of the stuff on here. At the end of the day you have got to do a bit of your own research as well. Everyone knows that shares are a risk, if they need to be told that well............

The problem is that people don't understand risk at all. jack2off is saying the potential upside of DES is a return of around 800% in one year (92p to £8 ). A risk free investment (US T Bills, although that's becoming a bit of a chortle) currently pays around 1% in one year. Assuming a perfect market (http://en.wikipedia.org/wiki/Perfect_market) (big assumption, obviously), the current price represents the market's view of the risk/reward. I'm not saying it's 800 times riskier investing in DES than T Bills, but it's probably not far off...

Edit: Rereading that paragraph, it isn't the clearest. To put it another way, if you assume two possible outcomes, 800p or 0p in one year's time, the market is currently assuming that 0p is 8.7 times more likely than 800p. Of course there is a whole spectrum of outcomes, but the probabilities will follow a curve heavily skewed towards the bottom end.

I'm not sure that was any clearer :(.

I'm on phone now so will be quick, the upside is 800% within a year, it's bit figures I make up. However like everything with a big upside, there is a bug downside! Like roulette, 35/1 on a number but you will only hit it once in 35 times!!  Oil exploration in small companies has huge reward if it comes off! It's nothing I've not said before! When I say don't risk what you can't afford to lose , surely for most, that one sentence sums up what the downside is??

You don't say. You make up these figures, somebody on iii says they heard that price target on DES is 800p, and it becomes a big circlejerk.

As to the second bit, yes, but it's worth repeating, frequently. I've seen many people lose lots of money because they didn't truly understand the risk. And yes, there are bound to be people who make a lot of money, but I bet there are more of the former than the latter.

I feel like I've gone off on one. Sorry for the rant. Being called a thicky kinda-sorta pissed me off a little.

@EvilPie: Ho ho ho hee hee hee ha ha ha good one Matt, I'll never live that one down ::)

@jack2off: You have won me over with your enthusiasm and your good natured reply to my dig. Genuinely I do hope you make money on your investment even if I'm not involved, you seem like a nice guy.

@cottonbud: OH NO! SHARES FRIEND! ARE YOU OK SHARES FRIEND?? So many things that piss me off about this post I can't even count them. You act like we've derailed 'your thread' by disagreeing with your mate on this one share, which also seems to be the only share that you are interested in talking about AT ALL, and now you post to complain about "everyone else" not talking about other shares, from the 1000s of which that exist you have never even mentioned a single one. I have posted several times about other shares but have not seen any sign of a reply from you (although jack2off was quite helpful) when I did. You seem to think we should be eternally grateful to your friend for coming on to this forum to post his views, something that hundreds of people do every single day without requiring that everyone hush down and listen quietly without dissent. Yes we're glad to have someone posting new things, but that doesn't mean we can't disagree with them.

And then you go and tack on that Blatch dig as documentary evidence that I am a fucking moron. Well fuck you, if I want advice on how to play jacks to a raise then maybe I will head over to the skypoker forum and ask for you but until then I don't really care what you think. If I'm such an idiot maybe you would like to play me HU4ROLLLLLLLZZZZZZZZZZ????

@Woodsey: I'm not a moaner, I'm not surprised or even bothered when DES rises or falls and I make no predictions either way, I just don't like the constant illogical reasoning that is spewed forth not just by jack2off but by almost everyone when they talk about shares, including but not limited to "paper losses", "I bought at Xp so..." etc etc. Also the recurring blindness to the source of information and the reliability (or not) associated with it, think about where ALL the positive information you or jack2off has posted regarding Desire came from and the motives behind the people feeding you that info. In public listed companies directors' and executives' remuneration often depends to a large degree on the share price. Geologists employed by oil exploration companies have a very strong vested interest in overstating the probability of finding oil, the total absence of which will leave them out of a job. Even if it's only subconscious bias this has been shown to have a very large effect on scientific studies in all areas and is very hard to eradicate all sources of potential bias, especially when you're not trying to. Things like this are the reason I have posted, it has nothing to do with the price of DES in particular, like I said, I'm not surprised when it goes up or down and since I have no interest it does not bother me, certainly not enough for me to "moan". FOR EXAMPLE, you post that RKH "is worth min £5 a share". If that were true then why is nobody willing to pay more than 333p for it at the moment?

He might go on a bit but he's got a point here wouldn't you say?

I think this was the main point for enjoyment and satisfaction though

Well if you read a lot of the investment websites, that is the consensus of the majority. The drop in price is mostly down to panic selling of punters. Go have a look around for yourself, it wasn't a random comment out of thin air.......

Well the majority obviously aren't putting their money where their mouth is then, the shares are openly available to be picked up at 333p, why is nobody doing this?

I honestly cba'sed discussing it, go look on the investment forums yourself. If you or anyone else wanna buy the shares, buy 'em, if you don, don't, pretty simple really.......... :D

Yeah sure, I'm just making the point that by definition the price is the consensus (I'm not saying that it's right). The "majority" on investment forums is actually just a vocal minority.

PMSL at OH SHARES FRIEND,lol.

LOL I've not checked this for ages and just seen your pre-menstrual post James I hope you had your tampon in before you wrote all this. Thought people might be posting on here due to the rapid change in share price today. 1st of all I'm pretty sure I spoke to you on MSN about this. 2nd of all you know Dwayne's my friend in real life and I don't appreciate people slagging my mates off when he only came on there to help people out. 3rd of all your embarrassing yourself.

Like I said everyone knows your smart why do you feel the need to try and prove you are a genius on a poker forum of all places, is it a deep insecurity that lies their from a point in your life where you were never respected?

Your one of these people James that because you said Desire will fail in its attempts you would hate it more than anything if they proved you wrong and did in fact succeed. That would mean OMG JAMES KEYS WAS WRONG ABOUT SOMETHING! If you actually put more effort into grinding then you did on trying to be right about things that don't even effect you, you would be a very rich man.

As for Sky you know where I am when you need to ask whether you should fold an open-ended straight draw with no fold equity against a nit :). That is all.

If say someone wanted to buy £100 of shares for shits & giggles, and has no real clue where to start.  Whats the best (read easiest) way to buy a few?

I've been spread betting the price of stuff instead of buying shares as such. You can do that on worldspreads.com and its easy peasy..........

Anyone know what caused them to jump to 130p this morning and still about 100p now?

the use of the 3d seismic equipment thingy

And the standard short term overreaction of any news that is positive or negative to the price...........

3d seismic contract signed (great news), plus, rumours of an oil find, and a possible takeover bid!

Thing is, don't know what to make of today, usual trades 3-6million, today 40+Million and 77% up on a day the stock market got battered!! Although Desire not playing the game!! Tomorrow will be very interesting day!!

Love the banter by the way!

Could be an interesting week for Desire if they've been given the ok by Falklands Government to re-drill the Rachel well...! Should know in the morning...!

what will happen to the share price if desire gets sold?


sorry i am a super noob to this

Well, Desire will prob only get sold once they've hit some decent oil which 'IMO' is going to happen within next few months. Then, depending on what they have, the company is likely to be sold on to a major oil producing company (BP/Shell) for a decent price, depending on price of oil etc etc + a bit of goodwill on top. If/when this happens, the price is likely to be very much higher price than it is now....lets pick a figure.....£10 - £30, and its all depending on what they find.

The downside is they find nothing, price drops back to 30p!

I really have no idea why people are still holding Desire. 

They had all that potential upside for free and most can still get out at a profit. It is almost as if people haven't noticed the bad news.  Madness of crowds I guess.

Goldman sachs updated their stance on desire today as a buy with a price target of £1.90ish off the top of my head!

Do Goldman sachs not see the bad news either??

"Broker in recommendation to buy shares shock." 

I pretty much always view price targets with scorn, but when they are for a company where the future is clearly so uncertain then they become laughable.

Desire shares were 80p or something in the afternath of the rockhopper find.

Since then

Rockhopper have downgraded their find and Desire have found nothing despite a couple of attempts at trying.

In addition, we can be pretty sure that the first Rachel failure leaked out to some shareholders a couple of days before the announcement.  If this wasn't bad enough on its own, the other day, the price more than doubled in a few hours on wild rumours.  Because of the previous leak, people are going to be far more prone to believe bulletin board rumours, so there is now so much potential for shareholders owning themselves by responding to share rises or falls.

It is like joining a poker game where a couple of your opponents can see your hand and know what the flop is going to be.  You simply wouldn't.

Seems crazy to not sell at 120p in the circumstances. 

If you want to hold an oil explorer, there must be better ones available?

As stated before I hold no Desire shares, am not short and can't see myself ever becoming interested again.

Pretty spot on with you're analysis to be fair can't argue with that!

Problem I have, I'm pretty close to Phipps & co family & obviously without snybonside information at all, they genuinely are very confident of thus being successful. I've been one if the lucky ones with desire & rkh, where I have been in very cheap and sliced off profits over the years on spikes & got back in on dips, so the gamble for me now is effectively pretty one sided. Yes I could take what I have out & would have made  an amazing profit that  I would never have imagined however regardless I'm in good profit boom or bust & one thing got sure, Phipps as ruthless as he may be, doesn't waste 20 million on a well to give share holders a bit of hope, they are drilling Rachel the third time fir a reason!!

Excuse the typos, on my iPhone & there's a problem seeing what you type on blonde from it!

where's Cottonbud?

Last seen swinging handbags with Keys.

Please completely ignore broker buy targets. Professional investors do. Why? Brokers have to be optimistic in the hope of securing or maintaining corporate finance fees for the companies concerned. They believe that if they come out with sell targets and low price targets they are less likely to secure these fees

Approximately 85% of all broker recommendations are buy/hold, which of course is a nonsense

For Desire their company broker is Seymour Pierce. This is not good news. Second rate, poorly regarded and lacking clout, if the sh^t hits the fan they will not have the gravitas with the big investors to hold their hands and keep them onside

I will continue to keep out of the rest of it, despite 15 years experiences as fund manager across long and long/short funds, as I don't think you'd want to listen to what I'd tell you, all, who are optimistic here!  

No definitely interested in what you have to say. I was speaking to a fund manager last week who I imagine after your last post has the same view as you. He tells me to have target price of £1.30 and get out, and trade it 80p - £1.30ish.

Basically slates the Desire Board and all around it! Granted they have dealt with things a bit shoddy and I'm no expert, But this particular share has done me very well over the last 6+ years and the whole reason I am in, is because I basically used to work for Colin Phipps (RIP) for one of his companies in Swindon!

DES in general, wherever I go/socialise is huge talking point for anyone who dabbles in this game, and everyone seems to have completely mixed views so always good to hear them!! positive or negative!

Rachel North Exploration Well  14/15-2

Oil Discovery

 

Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres.

 

Preliminary data collected indicate that this well is an oil discovery. The company has run an initial suite of wireline logs and this together with the drilling data indicate that the well encountered a 349 metres gross interval from 2621 metres to 2970 metres of sands and shales with hydrocarbons ,of which 57 metres is net pay in multiple zones. The thickest zone is 8 metres thick with an average porosity of 20% . Other zones are thinly bedded and lower porosity but require further analysis from additional wireline logs to establish reservoir potential.

 

Desire now intends to complete the wireline logging and wireline sampling programme to obtain more information on the reservoir quality, the hydrocarbon saturations and the fluid type to assess the significance of this discovery.  Further information will be released in due course.

 

Commenting on the well, Stephen Phipps Chairman of Desire said, "It is highly encouraging that the initial results from the Rachel North well endorse both our findings and geological model from the previously drilled Rachel sidetrack well. This discovery combined with Rockhoppers' Sea Lion discovery confirms our belief that the eastern flank play fairway in the North Falkland Basin is highly prospective and that further oil fields will be discovered in this area".

 

congratulations. 

It looks to me that there isn't enough oil in the well to be economic on its own, but that it means they are much more likely to find oil elsewhere now.  Is that your read?

Can anyone recommend a cheap way to invest in nasdaq/nyse?

I have an online account with x-o.co.uk which has been good for lse purchases but they don't cover the US markets.

I'm not buying huge volumes at the moment so paying £15 a pop is too high really.

Interesting link I found this morning

http://www.fool.co.uk/news/investing/company-comment/2010/12/02/desire-petroleum-surges-on-new-oil-find.aspx (http://www.fool.co.uk/news/investing/company-comment/2010/12/02/desire-petroleum-surges-on-new-oil-find.aspx)

PS - Matt, I love James Keys really. It was just friendly banter!

FYP

Sick reach advantage, think of all those car-key jabs he could deliver from range!

Your nickname is HULK though

Good news on the Desire front, gotta say I am glad you posted about it just so I can have a little chuckle at all these straight faced news reports about drilling rachel and liz.

Anyway, I have a few stocks that I wanted to ask for general opinions on. All of these I bought a while ago because I thought they were good companies with good prospects and (most importantly at the time) little debt. Now they have all risen by roughly 50% and I was wondering whether people know much about them and if so do they think they are a hold or a sell at their current prices? The companies are: CRDA, GKN, SNR, SPT.

brilliant

Rachel might have been oily at some point, but she's dried up. They're going to drill Dawn and Jacinta (at the same time!), but now they know Rachel has dried up, they're less sure that Dawn/Jacinta will prove oily enough.

If you sold last week at 160p, well done.

I am pretty shocked that they are still worth £250m to be honest.   It is starting to get a bit farcical.

Pure awesomeness.

On to the next.

I want to buy some shares in Xcite Energy Ltd, I cant do this through my HSBC InvestDirect account, anyone got any tips on other accounts that will, dont charge a huge amount and are easy to set up?

I use idealing.  It is about a tenner a trade and you pay £5 a quarter per quarter per account.

It does the job and is all online.  If it is on AIM you can't put it an ISA.  It will probably take a few days to get an account and get it funded, whcih may be too late?

BTW that company just looks so full of fail.

The name begins with the letter X.  I want the people to run companies I invest in to not go in for this kind of deliberate misspelling nonsense.  I have no stats on this, but I would be prepared to pace a large wager that companies beginning with X underperform long term.

Even if the name was spelt correctly, the name for the company smacks of marketing.  I want companies that rely on profits and stuff like that to make me want to buy the shares and not some naming gimmick.

But they are obviously much more likely to produce commercial oil than desire.

It is AIM listed tinpot.

Desire Petroleum (LSE: DES.L - news) , the oil and gas company focused on the North Falkland Basin, tanked again as it indicated that its 25/5-1 well on the Dawn/Jacinta prospect has reached a depth of 1,313m, but had found nothing yet.

The well will now be drilled to the planned total depth around 1,670 metres to evaluate the deeper Dawn Prospect, Desire said.

The group's share price has bounced around like a yo-yo recently following a series of comments from the oil explorer,

Earlier this month, the shares shot ahead after it announced an oil find at its Rachel prospect in the Falklands, only to crash back down again four days later as it then abandoned the well. Desire said that subsequent sampling showed the hydrocarbons were residual and that the mobile fluid it found was water.

It is a shame the discussion drys up whenever the share price falls.  It is pretty typical of share price bulletin boards.  When share prices rise rapidly everybody gets excited and loads of people tip them up, when prices fall everyone goes quiet and loses interest. 

Which is pretty much ar se about face if you are thinking about buying shares...of course shares often tank for a reason, and this really isn't a recomendation to buy Desire. 

and BTW, did you ever get the account to buy xcite?

where are all the fan boys?

I read that Rockhopper had announced a  'strike ' down in the Falklands and their shareprice went up 33% yesterday . Does anyone know of the implications for Desire ? i see that their share price has dropped dramatically in recent months.

DES now 17.5p, will pass on that invitation for more info ty

In before "I sold at the peak and didn't lose any money"

I know a fair few that made a chunk, none of them sold at peak though.

As your gloating have you got any tips?

Yeah I know how it looks, tanked before posting, don't mean to gloat but was annoyed that someone with so little of a clue came on posting "investment advice". Maybe am aftertiming and it really was just a flip that lost, but it doesn't look like it imo. I do have some shares of my own, but no special info and not enough of a clue to tell other people to get on.

orly?

who held on?

http://www.bbc.co.uk/news/world-latin-america-14925620

I got a few desire shares lols

Good luck with the gamble..the company 'expects', they need $2 billion to even get started and they won't even have a drop for 5 years!!

anyone looked at ITE?

They seem to have had a few positive broker views today.

02-Dec-14   ITE Group PLC   ITE   Canaccord Genuity   Hold   152.63   153.25   186   152   Reiterates
02-Dec-14   ITE Group PLC   ITE   Numis   Buy   152.63   153.25   318   293   Retains
02-Dec-14   ITE Group PLC   ITE   Investec   Buy   152.63   153.25   220   -   Retains
02-Dec-14   ITE Group PLC   ITE   N+1 Singer   Hold   152.63   153.25   147   147   Retains
02-Dec-14   ITE Group PLC   ITE   Westhouse Securities   Add   152.63   153.25   193   -   Resumes

cheeky 6% on it today

Who cares about ITE.....

Incredible bump of an amazing thread!!

barstard it was on my list of shares I have on yahoo as I looked at it yesterday.  So it was - NICE!! - oh wait.....

I have never bought any shares before but would like to now.

I am looking to invest hundreds rather than thousands. At the moment I am only interested in one company that I want to buy into. Just a one off long term investment with some spare cash rather than 'playing the markets'. May top up a couple of times a year.

What sites do people use? What is the best out there for my type of transaction?

use motleyfool for my shares isa, problem with investing £100s rather than £1000's will be the charges for trading and account management.

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Your looking at berkshire A shares - look at the B shares traded on all the markets

Arm Holdings
https://uk.finance.yahoo.com/q/ks?s=ARM.L