IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Goldenegg, gosh! serious about your average? Thought mine is bad 73p. Not holding many but my over �1000 is now worth only a little over �130. Almost 90% down. Just wonder is there's hope of recouping this one.If you have hope to recoup yours I could have a chance but for this one not too sure about putting more money into.
Likewise D Shox I can understand P.I's frustrated sells, but you have to look at the bigger picture, for the future. Just noticed Amedeo Resources haven't even updated their own website on yesterday's Interims however here's yesterday's proactiveinvestor's link http://www.proactiveinvestors.co.uk/companies/news/184584/amedeo-resources-digs-in-and-waits-for-upturn-184584.html
Disappointed we didn't get much 'meat-on-the-bones' in the Interims, for example, MGR's latest benefits owing to the tie-in with the copper mine stake & rising copper, iron ore prices; year-on-year. And no mention of whether we've received further work from YZJ or mention of the The Board of Directors (the “Board”) of Yangzijiang Shipbuilding (Holdings) Ltd. (“YZJ” or the “Company”) is pleased to announce that its 79.6%-owned subsidiary, Jiangsu Yangzijiang Offshore Engineering Co., Ltd. (“JYOECO”) has entered into an agreement with strategic partners to establish a joint venture company in Jiangsu Taicang to be mainly involved in steel structure fabrication of steel pipe pile for international seas, port, bridge and offshore projects. However The proposed name of the joint venture company is “Jiangsu Yangzi Chengkang Marine Equipment Co. Limited.” (“JYCMECO”) although it has been said any revenues will not until next financial year I understand. However, this is still a strong hold for me, our MC is piddly at £3.5mill compared to our growing/ expansion potential of MGR in China, S.E Asia, our copper mine stake, our assets, multi-mill rig, ship yard value, our high-spec rig to generate substantial cash to our offshore yard/our 19% holding etc etc! Think of this, I'd have though South Korean rig,shipyards(China's main competitors) are not in favour with the escalating tension with North Korea on their doorstep, presently. Another all important multi-mill £ order is just a matter of time, especially with oil prices, vessel markets recovering, although slowly.
11% down at the end of the day and sells outweighed buys @18:1. I don't think everyone shares the optimism for a quick resolution to the rig sale! However, I need to get my avg down from 190p, and could reasonably get it down to 23p so perhaps now is the time. We did manage to reach the high 20s last Dec so maybe we can do it again. Better chance of that than hitting 2 quid.......
I would assume payment has been received if they are preparing the rig for delivery bit like having your car valet cleaned just before taking ownership. Awaiting rig delivery news update. Sounds positive.
Waiting for a rerate on news..drops further will get some more
still great risk reward here. SP just awaits client finance RNS. Hugely undervalued re NAV. I am happy to wait for the big re rating. Patience the key. I suspect we may get another RNS in the near term
Yes "the yard is preparing to deliver the rig" is the key statement. Given that it is not expanded upon, I would suspect we may get a further separate RNS in due course. One presumes that means the status is 'ready stacked', implying quick delivery once client finance is approved. NAV now 0.40p v 0.11p sp, which confirms what a big re rating will follow once fiance is arranged, I would have liked more info re GKC mining operations, but that will be for the Finals. MGC key going forward. Cash position still very healthy, with loan in place to MGC as well. Commodity price rises massively important to operations going forward, as that will result in the further 5% investment in GKC going forward. The devil is in the detail. More will be forthcoming in The Finals.
where before have we seen the Company say the rig is being prepared for delivery?
Still!! One day Rodney......
Yard preparing to deliver the rig..
Reported NAV will be over 30p so the current sp is ridiculously low. We just need the catalyst for the huge re rate to begin. A great risk/reward at the current levels. Try accumulating stock when a client rig finance RNS is issued. I look forward to reading additional information re the commodity trading and our copper mine investment. In due course, I am sure we will take up our option for a further 5% interest.
they did come out in the afternoon period last two reports - may come later today
Looking like next week then, unless there's a nasty end of hours/after hours RNS, which is never good. Oil prices continue to recover, copper still preforming strong, holding steady just below $3, and iron ore again, roughly steady about $70 all generally positive.
released last year 22 Sep 2016
Indeed and as the Explorer-1 jackup rig is a high spec deep water rig, its value becomes all the greater.
'Demand for new rigs is rising.The risk of rig values falling further (for new rigs) seems outweighed by the likelihood that they’ll rise as oil companies continue to prefer modern, efficient rigs and the pool of supply becomes smaller' taken from today's report http://www.offshoreenergytoday.com/bassoe-offshore-drilling-rig-empires-emerging-to-take-over-the-industry/
Energy demand report with China in primary position http://oilprice.com/Energy/Crude-Oil/China-To-Dictate-Energy-Growth-In-Coming-Years.html
a year ago..looked promising for a bit last week only to fall back again. Holding and waiting. atb
released 22 Sep last year
Hopefully good news on the rig in the Interims. The recovery in oil prices should help our cause/sentiment. Maybe it's a case that a potential buyer of the rig is looking at oil prices sustaining at above $60 & all parties, with lengthy negotiations over the rig sale price. hxxp://oilprice.com/Energy/Oil-Prices/The-Most-Bullish-Oil-Report-This-Year.html I've taken a few more chunks over the last few weeks, at these prices. Hopefully we'll see the back of them soon
From a couple of weeks ago, our JV partner further development plans, although may not impact on our offshore yard. Remains to be seen. hxxp://www.businesstimes.com.sg/companies-markets/yangzijiang-to-raise-s2088m-via-share-placement-to-fund-new-investments Interims likely any day now. How have we preformed re MGR & further revenues/work on our offshore yard & what's the latest on possible rig sale? Present share price near record lows. MM's happy to take-on large amounts at 10p
19% freefloat.. I got some at 12 and 10.5..happy to wait.. eventually there will be a bottom.. and I will get some more if it goes lower.. Amed went to 40p.. trading well below nav and no nasty debt