Amedeo Res Share Discussion Threads

[howdlep] 11/1/2017 08:17

More positive technical analysis

Amedeo Resources PLC forms bullish "Triple Moving Average Crossover" chart pattern

[howdlep] 04/1/2017 12:23

Good to see new technical analysis for AMED:-



Let’s take a closer look at some technical levels for Amedeo Resources Plc (AMED.L). The 14-day RSI is presently at 52.71, the 7-day is 53.03, and the 3-day is spotted at 66.15. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings.

Let’s check on another technical indicator. At the time of writing, the 14-day ADX for Amedeo Resources Plc (AMED.L) is 40.03. Many technical chart analysts believe that an ADX reading over 25 would suggest a strong trend. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI). Some analysts believe that the ADX is one of the best trend strength indicators available.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Amedeo Resources Plc (AMED.L)’s Williams %R presently stands at -65.12. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

In terms of CCI levels, Amedeo Resources Plc (AMED.L) currently has a 14-day Commodity Channel Index (CCI) of -10.12. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Amedeo Resources Plc (AMED.L’s current 14-day RSI is at 52.71, the 7-day is 53.03, and the 3-day is seen at 66.15. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.

[howdlep] 03/1/2017 11:25

Looks like we are going to test that 28p pretty soon...

[chinese investor] 03/1/2017 11:25

GO GO HORSEY !

[howdlep] 03/1/2017 11:24

AMED: currently 25/29p

Excellent chart analysis from Nicola Duke, highlighting a possible consolidation around 19.6p support, before a retest of 40p. Target 80p. Note, that a break above 28p confirms the low is in:-

[howdlep] 03/1/2017 09:26

Another good find by DaveTheChef re the Chinese rail infrastructure expansion:-

China turns to $503 Billion Rail Expansion to Boost Growth



This must be of great interest to MGR Resources, which AMED has a 49% holding in, re the opportunity to increase its commodity trading:-

[chinese investor] 03/1/2017 08:35

Great Start !

[davethechef] 01/1/2017 19:26

Interesting that KEPPEL has very recently resold a Jack-up Rig(after original customer failed in finding the remaining 80%) So there is appetite/customers; bodes well in the event we have to go down that route.
hxxp://www.offshoreenergytoday.com/keppel-resells-jack-up-rig-after-pardens-failure-to-pay-for-it/

[cufes2] 23/12/2016 12:42

Have there been any new orders since work started on the current rig that is now complete but not sold yet . . .

[howdlep] 23/12/2016 12:28

Oh and who will forget this RNS from 5/2/14 and the affect it had on the share price Now if conditions materialise in 2017, try doing x $1,7b x 15% x 19% = nice profit margin!!

Amedeo Resources plc (AIM: AMED) notes reports in the media in connection with Jiangsu Yangzijiang Offshore Engineering Co Ltd ("YZJOE") being contracted to build semi-submersible drilling platforms. Amedeo has an indirect 18.6% stake in YZJOE.

Amedeo confirms that YZJOE has reached agreement subject to conditions precedent to build two semi-submersible drilling platforms for Primepoint Drilling PTE Ltd. In addition, an option on two additional semi-submersible drilling platforms has also been agreed subject to conditions precedent. The total value of the contract and options is approximately USD 1.7bn. Delivery of such platforms takes around three years.

[cpap man] 23/12/2016 11:42

Just delays....that is all!

[oilbuy] 23/12/2016 11:35

Off we go again

[cufes2] 23/12/2016 11:23

Based on what liquid millionaire . . . On the face of it they can't sell this rig ATM and have no new orders . . . Revenues and assets don't support the current share price let alone a 10 bagger . . .

[cpap man] 23/12/2016 10:55

And mine howdlep!

Share price target of £2 to £3 i.e. a 10X BAGGER

[howdlep] 23/12/2016 10:54

That last premium buy is suggestive of someone not wanting to be out of this over the Christmas period.

AMED is my share tip for 2017.

[chinese investor] 23/12/2016 09:22

My Share For 2016 !

[howdlep] 21/12/2016 17:19

knicol46,

If they were to build another Le Tourneau rig, try deducting c7 months upfront specification design work and the 18 month delay for the yard to be completed. Then maybe have a read of the W.H Ireland June 2015 detailed buy note where it talks of future orders having a 15% profit margin on c$150m new orders. I will leave you to work out the maths re a 19% indirect JV interest in the yard.

[howdlep] 21/12/2016 16:56

Proactive article

[howdlep] 21/12/2016 15:50

Now look who our customer is, as it's Keppel FELS



I suspect, but do not know, that maybe it's their third party, if they have one. Or are they just as the RNS is saying, arranging financing? $170m seems a huge amount of money to pi's but not to Keppel. Look at their market cap!

Yes it's the first rig built by the JV, that is why the quality is so important. It will lead to other orders.

So if you have any shares, just sell. Realise a profit or a loss. Then try buying back, or simply move on to something that is in keeping with your risk/reward.

Let us see where we close.

[knicol46] 21/12/2016 15:09

3 years to make one rig - no further orders in 3 years. Assuming they got just 1 order would take another 3 years. they have none

[littlepop] 21/12/2016 15:06

Not only do they not have the means to pay for it, they don't know what to do with it either!!!

[knicol46] 21/12/2016 15:00

YZJ has shipping orders the same contracts not paid for just sold at best price they can achieve