blonde poker forum
Welcome, Guest. Please login or register.
July 19, 2025, 06:03:34 PM

Login with username, password and session length
Search:     Advanced search
2262324 Posts in 66605 Topics by 16990 Members
Latest Member: Enut
* Home Help Arcade Search Calendar Guidelines Login Register
+  blonde poker forum
|-+  Community Forums
| |-+  The Lounge
| | |-+  Stocks and Shares Tips
0 Members and 1 Guest are viewing this topic. « previous next »
Pages: 1 ... 17 18 19 20 [21] 22 23 Go Down Print
Author Topic: Stocks and Shares Tips  (Read 71220 times)
jack2off
Full Member
***
Offline Offline

Posts: 261



View Profile
« Reply #300 on: November 08, 2010, 09:16:22 PM »

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!
Logged
Doobs
Hero Member
*****
Offline Offline

Posts: 16729


View Profile
« Reply #301 on: November 08, 2010, 11:01:03 PM »

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.

Logged

Most of the bets placed so far seem more like hopeful punts rather than value spots
jack2off
Full Member
***
Offline Offline

Posts: 261



View Profile
« Reply #302 on: November 08, 2010, 11:23:13 PM »

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??

Logged
Doobs
Hero Member
*****
Offline Offline

Posts: 16729


View Profile
« Reply #303 on: November 09, 2010, 10:33:02 PM »

"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.
Logged

Most of the bets placed so far seem more like hopeful punts rather than value spots
jack2off
Full Member
***
Offline Offline

Posts: 261



View Profile
« Reply #304 on: November 10, 2010, 01:39:47 AM »

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!!

Logged
jack2off
Full Member
***
Offline Offline

Posts: 261



View Profile
« Reply #305 on: November 10, 2010, 01:40:45 AM »

Excuse the typos, on my iPhone & there's a problem seeing what you type on blonde from it!
Logged
GreekStein
Hero Member
Hero Member
**
Offline Offline

Posts: 20728



View Profile
« Reply #306 on: November 10, 2010, 01:51:28 PM »

where's Cottonbud?
Logged

@GreekStein on twitter.

Retired Policeman, Part time troll.
EvilPie
Hero Member
*****
Offline Offline

Posts: 14241



View Profile
« Reply #307 on: November 10, 2010, 04:00:15 PM »

where's Cottonbud?

Last seen swinging handbags with Keys.
Logged

Motivational speeches at their best:

"Because thats what living is, the 6 inches in front of your face......" - Patrick Leonard - 10th May 2015
TightEnd
Administrator
Hero Member
*****
Offline Offline

Posts: I am a geek!!



View Profile
« Reply #308 on: November 10, 2010, 04:05:20 PM »

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??




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!  
« Last Edit: November 10, 2010, 04:07:03 PM by TightEnd » Logged

My eyes are open wide
By the way,I made it through the day
I watch the world outside
By the way, I'm leaving out today
jack2off
Full Member
***
Offline Offline

Posts: 261



View Profile
« Reply #309 on: November 10, 2010, 05:15:19 PM »

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!
Logged
jack2off
Full Member
***
Offline Offline

Posts: 261



View Profile
« Reply #310 on: December 02, 2010, 07:42:23 AM »

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".

 
Logged
Doobs
Hero Member
*****
Offline Offline

Posts: 16729


View Profile
« Reply #311 on: December 02, 2010, 10:48:28 PM »

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?
Logged

Most of the bets placed so far seem more like hopeful punts rather than value spots
Jamier-Host
Hero Member
*****
Offline Offline

Posts: 1831



View Profile WWW
« Reply #312 on: December 03, 2010, 12:36:52 AM »

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.
Logged

Side Project - making games for Amazon Alexa devices

pressthe8.com
Cottonbud
Sr. Member
****
Offline Offline

Posts: 630


View Profile
« Reply #313 on: December 03, 2010, 10:24:16 AM »

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

PS - Matt, I love James Keys really. It was just friendly banter!
Logged
GreekStein
Hero Member
Hero Member
**
Offline Offline

Posts: 20728



View Profile
« Reply #314 on: December 03, 2010, 10:55:15 AM »

Next time I see that Keys fucker, I'll have him

FYP
Logged

@GreekStein on twitter.

Retired Policeman, Part time troll.
Pages: 1 ... 17 18 19 20 [21] 22 23 Go Up Print 
« previous next »
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2015, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.11 seconds with 19 queries.