Falk IS. Hldgs Share Discussion Threads

[chrisoil twitter] 22/2/2015 10:04

FKL going up news on Falklands Rig exclusive now at

www.chrisoil.blogspot.co.uk

ps click on the ads money going to charity end of the year

[ifthecapfits] 04/2/2015 11:45

Rig arriving the falklands should perk up interest.

[edjge2] 03/2/2015 21:23

Any oil upturn might awake it

[edjge2] 03/2/2015 21:23

Any oil upturn might awake it

[eburne1960] 02/2/2015 17:04

Written up today on shareprophets website, not I hasten to add by our old friend Chris:

"For anyone who likes a flutter on the outcome of oil drills, all eyes will be on the Falkland Islands again this year. Given what has happened during previous drilling off of the Falklands, and the fact that the Erik Raude rig is now on the way for a prolonged campaign, I expect there to be a lot of hype in companies such as Rockhopper (RKH) and Falklands Oil and Gas (FOGL).

There will be large swings in share price as excitement builds and share prices rise, followed buy even bigger rises should the drillbit find oil, or large falls if it doesn’t, and fortunes will be made and lost over the course of the campaign.

But if you are looking for something a little bit lower risk, but which will still benefit hugely from any more oil discoveries, and even more so if and when they eventually come to production, Falkland Island Holdings (FKL) is well worth a look.

The company has been around in one form or another since 1852 when it was established by Royal Charter, although only listed on the LSE in 1998 and moved to the AIM market in 2003, and despite its name also has operations in the UK.

It owns the Falkland Islands Company, which provides a variety of services to the people living on the island and tourists - everything from travel through to insurance, for the 3,000 inhabitants and 42,000 tourists which visit annually.

Obviously if oil production begins by the end of this decade, as is expected, then it would benefit hugely through these services that it provides due to the increased activity and visitors to the islands. Plus it has a 2.4% stake in Falklands Oil and Gas to directly benefit from any further discoveries, or eventual production.

Back here in the UK it owns the Portsmouth Harbour Ferry Company, which runs a service between Gosport and Portsmouth, and produces a steady income.

Plus a 100% holding in Momart, which handles the storage, installation and logistics of fine art.

Currently shares in the company are trading at around 270p, the lowest that they have been all year, and giving it a market cap of around £33 million. But with only 12 million or so shares in issue liquidity is low, and there has been a seller recently.

The most recent finances up to the end of September 2014 are nothing to get too excited about – with a turnover of a little over £18 million and pre-tax profit of £1.2 million (0.8% down on the previous year).

But with current bank borrowings of £500,000 and longer term debts of just over £5 million, resulting in net financing costs for the 6 month period of £107,000, all looks good on that front given the company has £4.1 million in cash, and is also proposing to maintain an interim dividend of 4p.

It also achieved record sales for the period for the Falkland Islands Company part of the business, up 25.5%, and making it the largest contributor to group revenue.

This definitely isn’t a share to be worrying too much about the day-to-day price movements, and is one to take a very long term view on, during which time you could see good growth. There may also be chances along the way to cash in on any spikes created by the other companies drilling if they do find more commercial oil.

It would be fairly easy to argue that based on earnings it still looks over-priced – although it is now close to its lowest price in five years and hit over 500p on the Sea Lion commercial find in 2010 – but with drilling so close I can’t see it dropping too much lower in the meantime."

[trulyscrumptious] 02/2/2015 16:07

This one seems to evade the spotlight but now that a rig is on the way things could get better.
Undervalued Companies = Chris Oil aka Falklands, aka Chrisoil Twitter and cannot use just one name!

[undervalued companies] 24/1/2015 14:42

Yes seen latest article from advfn on sea lion commercial positive for FKL worth reading.

See or click on author chrisoil

[ifthecapfits] 23/1/2015 13:00

Divi received. Nice.

[togglebrush] 16/12/2014 12:24

Rockhopper Falklands Production … from todays Interims
Plans sanction for Sea Lion has been delayed to mid 2016 although Rockhopper continues to target first oil in 2019.
‘
On the exploration front,
we are very excited that a rig has been contracted to drill four high impact exploration wells in the North Falkland Basin during 2015. The rig is currently due to arrive in the Falklands as early as March 2015 with the first well in the programme targeting the Zebedee prospect.

[ifthecapfits] 21/11/2014 08:34

Momart aside pretty good results. Divi maintained too. Need FOGL to do their stuff to really put a rocket under these.

RNS Number : 3856X

Falkland Islands Holdings PLC

19 November 2014

19(th) November 2014

Falkland Islands Holdings plc

("FIH" or the "Group")

Results for the six months ended 30 September 2014

FIH, the AIM quoted group that owns essential services businesses in the Falkland Islands and the UK, is pleased to announce its unaudited results for the six months ended 30 September 2014 ("the period"). Comparisons shown below are for the same period in 2013 unless otherwise stated.

Group Financial Highlights
-- Group revenue up by 5.8% to GBP18.24million (2013: GBP17.24million)
-- Underlying Profit Before Tax* slightly lower as expected at GBP1.30million (2013: GBP1.37million)
-- Diluted earnings per share based on underlying earnings were 8.0p (2013: 8.1p)
-- The Board is proposing an unchanged interim dividend of 4.0p per share (2013: 4.0p)
-- Bank borrowings at 30 September 2014 were GBP0.5million (31 March 2014: GBP1.0million)
-- Group had cash balances of GBP4.1million at 30 September 2014 (31 March 2014: GBP5.7million)

*Underlying Profit Before Tax is defined as profit before tax, amortisation and non-trading items. There were no non-trading items in either the current or prior period.

Operating Highlights

Falkland Islands Company ("FIC")

-- Record first half sales of GBP8.48million 25.5% up on the prior period (2013: GBP6.76million)

-- Underlying Profit Before Tax ahead by GBP0.24million at GBP0.54million (2013: GBP0.3million)

-- Further investment made to upgrade FIC's business infrastructure in preparation for oil development.

Portsmouth Harbour Ferry Company ("PHFC")
-- Sales up 2.6% to GBP2.29million (2013: GBP2.24million)
-- Underlying Profit Before Tax up 12% to GBP0.35million (2013: GBP0.31million)
-- Passenger numbers 2.0% lower
Momart
-- Sales lower as expected at GBP7.5million (2013: GBP8.2million)
-- Underlying Profit Before Tax GBP0.41million (2013: GBP0.76million)
-- Major UK exhibitions included: Italian Fashion and Constable at the V&A, Anselm Keifer at the Royal Academy, Matisse Cut Outs and Kazimir Malevich at Tate Modern, The Viking World at the British Museum and Virginia Woolf at the National Portrait Gallery.

Falkland Oil & Gas Limited ("FOGL")
-- The Group's 2.4% shareholding in FOGL of 12,825,000 shares was unchanged
-- The market value of the holding on 19 November 2014 was GBP3.56million
-- FOGL has a substantial interest in the drilling campaign which is expected to commence in March 2015.

David Hudd, Chairman of FIH, said:

"The outlook for the Group remains positive and we expect the trends seen in the first half to continue for the remainder of this financial year. We are confident that the Group's diverse range of high quality, niche service businesses with their differing drivers will continue to produce healthy returns for shareholders."

[togglebrush] 21/11/2014 06:55

Interims Out

[togglebrush] 13/11/2014 13:00

Time line for Sea Lion drilling
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'

'
Extracts
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Progress has also been made on the Sea Lion project, Premier's other operated pre-sanction development. FEED for the TLP has advanced significantly since the award of the contract in July. However, the new lower oil price environment and our commitment to maintaining a strong financial position has caused Premier to re-examine the scheme with a view to reducing the capex incurred prior to first cash flows from the field.
'
Premier believes that a smaller initial development of just the north east part of the field, utilising a reduced well count, could be delivered for less than $2 billion of pre-first oil capex (and would be similar in scale to Premier's existing Catcher field development). Initial indications suggest that such a scheme would recover c. 160 mmbbls in 15 years with a plateau rate of 50-60 kbopd.
'
The results of the FEED work done to date, along with results from the 2015 exploration programme, will be incorporated into plans for subsequent phases of development.
'
Premier, along with the other stakeholders in Sea Lion, are now progressing an initial development of this type. Terms have been agreed with Rockhopper, subject to completion of legal documentation, to split the remaining development carry equally between the initial development and the next phase ($337 million to each). A project of this size can be funded from existing facilities and cash flows. Although it is no longer a pre-requisite to be able to sanction the project, Premier will continue to seek a partner for the Sea Lion development.
‘
… Timing Works re PMO
‘
The drilling rig for the four well North Falkland Basin campaign is scheduled to arrive on location in February with the Zebedee well expected to spud in March followed by the Isobel Deep well in the south of PL004a. Results of these wells are expected to be known by mid-May. Two further wells will be drilled in the third quarter of 2015.
‘
… Timing Production re RKH
‘
Continuing to target first oil in 2019 following sanction in H1 2016

[ifthecapfits] 19/9/2014 13:38

Divi paid. Nice.

[togglebrush] 04/9/2014 12:41

Press and potential Good News for this company
'

[ifthecapfits] 04/9/2014 08:11

RNS Number : 7875Q
Falkland Islands Holdings PLC
04 September 2014
4 September 2014
Falkland Islands Holdings plc
AGM Trading Statement
Falkland Islands Holdings plc ("FIH" or the "Group"), the international services group which owns essential services businesses focused on transport and logistics and which has a 2.4% shareholding in Falkland Oil & Gas Limited ("FOGL"), is holding its Annual General Meeting ("AGM") at the offices of FTI Consulting at 200 Aldersgate, London EC1A 4HD at 2pm today.
At the meeting, the Chairman David Hudd, will make the following statement:
"The Group has started the year well and the results for the first five months of the financial period show a substantial improvement over the quiet start seen last year.
"This improved group performance is attributable mainly to an increased contribution from the Falkland Islands Company ("FIC") where record squid catches and increased economic activity have led to a substantial increase in profit compared to the same period last year. The fishing agency's contribution increased and FIC's other support services businesses benefitted in the run up to the 2015 drilling programme. FIC's retail and house building businesses also delivered increased profits.
"At Momart, whilst activity in the early part of the financial year has shown an improvement compared to last year, the exceptional mix of overseas and UK exhibitions business seen in the second half of 2013-14 is not expected to be repeated.
"At Portsmouth Harbour Ferry Company, passenger numbers in the 22 weeks to date show a small decline of 2.0% but, following fare rises in June 2014, the overall contribution to date is similar to last year. The new ferry, Harbour Spirit, remains on schedule for delivery in Q1 2015.
"In the Falkland Islands, economic activity continues to build as contracts are awarded by Noble Energy and Premier Oil for onshore support for their 2015 drilling campaigns. FIC remains in a strong position to benefit from this increased activity. However, further and dramatic growth of the Falkland's economy is dependent on Premier Oil proceeding with the Sea Lion field, or Noble Energy and their partner FOGL making a commercial discovery in the South Falkland basin.
"The Group has a strong liquidity position with cash balances of GBP4.1m and bank borrowings of GBP0.7m at 31 August 2014.Capital investment is continuing in the Falkland's with further development of retail, warehousing and office assets. The Group's shareholding in FOGL is unchanged at 12.8 million shares, which had a market value at the close of business on 3 September 2014 of GBP4.1m.
"Subject to approval by shareholders at today's AGM, the final dividend of 7.5p per FIH share will be paid on 19 September 2014 to shareholders on the register at the close of business on 29 August 2014.
"Another encouraging result is expected for the full year, driven by an increased contribution from FIC which we expect to offset the expected return to more normal trading levels at Momart."
- Ends -

[ch1ck] 04/9/2014 08:01

Good balanced report out from the company today. This should firm up the share price.

[ifthecapfits] 03/9/2014 16:16

nice reminder of what is around the corner.

[togglebrush] 03/9/2014 15:28

Press
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[ifthecapfits] 03/9/2014 08:51

Thats why I'm here.

[ch1ck] 03/9/2014 08:48

FAULKLAND OIL AND GAS shares are on a real roll at the moment I Expect FKL shares to start moving as they own quite a chunk of these.I still see these shares the best option for exposure to this area, when oil starts to be exported as they basically control all imports and exports into the Island. The infrastructure they have in place makes it a near monopoly.Imagine if you could buy shares in the land based facilities that now supports the Scottish oil industry?

[ifthecapfits] 02/9/2014 11:15

Nothing material expected as far as I am aware....

[whackford] 02/9/2014 09:42

FKL agm Thursday.

[ifthecapfits] 02/9/2014 09:17

FOGL doing well these last couple of days. Should bode well here in due course.