||EPS - Basic
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EF Realisation Share Discussion Threads
Showing 151 to 173 of 175 messages
|All about Lonestar, which is all about oil price. Curious convergence of -6.3% NAV, -6.3% share price, so can't complain there. Personally I think 2 years is something of a tight timescale to exit everything.
Noticed they mentioned Menhaden too, a chronically illiquid piece of cr*p.
Still - everything has a price.|
|NAV @ 16/11/16 = 78.6p|
|Ah OK, thought recent - all bets off post-Trump, oil's down $5+.|
|Yes I thought it a bit odd but its from Sept when the price was $13 (may have spiked up to $14 at some point) so, in fact, it was a good call from old Zack|
|"Zacks Investment Research cut shares of Lonestar Resources US from a “hold” rating to a “sell” rating and set a $14.00 price objective for the company".
Seriously? It's about $9, how can $14 target be a sell?
But fair point that it's all about Lonestar - unfortunately the oil price has been sinking since Trump elected.|
|Largely a play on Lonestar. I would have thought Trumps's election would have given it a boost.
Here are some views on LONE
"Lonestar Resources US Inc. (NASDAQ:LONE)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a report released on Sunday. They currently have a $13.00 target price on the stock. Canaccord Genuity’s price target would suggest a potential upside of 35.40% from the stock’s current price.
LONE has been the subject of several other research reports. Zacks Investment Research cut shares of Lonestar Resources US from a “hold” rating to a “sell” rating and set a $14.00 price objective for the company. in a research note on Tuesday, September 13th. Cowen and Company started coverage on shares of Lonestar Resources US in a research note on Wednesday, August 10th. They set an “outperform221; rating and a $12.00 price objective for the company. Finally, Seaport Global Securities reissued a “buy” rating on shares of Lonestar Resources US in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Lonestar Resources US presently has an average rating of “Buy” and a consensus target price of $11.25."|
|Small sells continuing; NAV tanked from over 89p to barely 70p but still at least notionally "cheap" - depending on where that NAV ends up!|
|Has anyone been able to work out, or been given the "factor", or percentage figures to calculate their effective cost price of EGL and EFR, based on what they paid for ECWO - especially if they took part cash? My own Broker says 91.87% for EGL and (hence) 8.13% for EFR, but I did not take any cash. Thanks.|
|Not reading much into today's WINS move 2p higher on offer - the generous 39p to sell from the other day has gone (back to 37.16p), with the usual daily stream of small sells. 43.5p to buy, so the comedy 8p spread is still a comedy 6p spread online. In absence of news/progress/Lonestar doing something, it's money for nothing for the MMs here.|
|NAV down again btw, now 81p so fallen 10% in 3wks of listing. Very Lonestar-dependent but without the weak £, would prob be another 10% lower. Can work both ways of course.|
|40p were sells, 41p was a buy, IMO.
@Gbill11 - thanks, interesting article re Lonestar. You're right - 3/4rs of EFR and pretty risky with the level of debt & hedges running out. Is a risk I'm taking on, but outcome far from assured.|
|chunky buys I noticed here|
|Lonestar is out 75% of this trust I believe. Am I the only one who thinks Lonestar looks terribly risky. It has massive debt and its oil price hedges in the $70s have either run out or will run out in the next couple of months. Either the oil price rises or Lonestar have to sell assets and if neither happens then is it worth anything at all?|
|Finally got them tradeable in Selftrade, took another phonecall. Bought yet more this morning (& didn't pay 43p).|
|Not sure what to make of those multiple 55ks. If they're buys then they've paid less than me. Still a stream of small sellers at near the bid, had no idea ECWO had so many small shareholders.|
|Still not tradeable in Selftrade, makes me think there'll be a few more sellers when it is. Added again this morning.|
|Thanks. Still trying to get it "unblanked" in Selftrade, but TD are finally allowing purchases in ISA. Mixed feelings about EFR - obviously very Lonestar-dependent, with uncertainty as to timescales - and MMs keeping it stupidly illiquid for the number of trades (generally small sells) going through. But then again - a sucker for big NAV discounts and having got no EGL to sell or add to, will probably add yet more EFR, having added in 2 a/cs already (to take it up to reasonable holding rather than 1/4 size of old ECWO).
Lack of alternative homes for the ECWO cash too - most of what I'm watching seems fair value atm, and anything seemingly cheap I've got already.|
|Portfolio company Texas energy future holdings, emerged from chapter 11 this week. It was written down to nil in the accounts. Their may be some value in the bonds, but I would expect the equity to be of no value.
|NAV update out after hours, a 7% fall of £3.2m to 83.9p nav.|
|All 3 of my brokers have now done the adjustment, all 100% cash & EFR.|
|One broker sent me an enormous hardcopy of the prospectus, badly photocopied but wish I'd kept it - would have been much easier going through it with a highlighter than having to try to dig it out (ECWO.L now gone) & search it numerous times.
Still no adjustment beyond EFL on any of my a/cs but can't be much longer.|