Obtala Resources Share Discussion Threads

[tadtech] 22/8/2016 21:57

If the company really wants to move the share price now would be the ideal time for a few more director buys or another HNW individual picking up a million or so in the market. It does look like there is no stock around now.

I would not put it past them either!

[beeks of arabia] 22/8/2016 21:48

there is more to this than meets the eye.

[zcaprd7] 22/8/2016 21:46

Something brewing then?

[tadtech] 22/8/2016 21:13

Obtala Resources - round up and company chat, all good news!

[michaelfenton] 22/8/2016 13:23

I have no idea, Maybe Archibald Meatpants is right? Mostly smallish buys looks more like news on the way.

[zcaprd7] 22/8/2016 13:11

Is this just a technical breakout, or some news coming?

[archibald meatpants] 22/8/2016 12:08

I smell a leak.

[jaykaytee] 22/8/2016 11:54

Bought in at 9.6p over a yr ago....and finally I'm in a small profit!
Look forward to the next trading statement.
Any ideas when we should expect one?

[tadtech] 22/8/2016 10:38

The new Chairman Miles Pelham clearly has some high net worth contacts that, in a short time, has cleared the overhang that existed in Obtala. Miles was aware of an overhang when I spoke with him back in April.

The stock has become very tightly held, it will not take much buying to move it into a new trading range.

This is worth remembering also......

Honour Capital prepared a valuation report in June 2014 which attributed a NPV to the timber business of US$161 million at a 12% discount based on a 10 year cash flow model.

Compare that $161m (£125m) against the current £23m market cap!

Then there are the farms.

[jack jebb] 22/8/2016 10:09

Its been a great performer this year. Nice and solid, under the radar.

[michaelfenton] 22/8/2016 09:40

Managed to buy 10,000 more at just below 10p. But could not get 20,000 online.

[michaelfenton] 22/8/2016 09:35

Tadtech - you are right not easy to buy but selling no problem. This is a seriously undervalued company now being better managed since Frank no longer in the driving seat. Forestry being monetised nicely and hopefully farming will soon see some returns. 23p a share seems a afirer valuation? IMO. I will not be selling until we reach 20p unless there is some disaster. Far East involvement is seriously good news.

[tadtech] 22/8/2016 09:05

Nothing available on-line at the moment which is usually a good sign for OBT. The shares have consolidated nicely for a couple of months and look ready for another move up.

I expect we may hear more news on timber sales shortly + a farms update is also possible.

There has been some very strong buying from entities in Asia which bodes well, one wonders if takeover rumours will come into play again at some point again, the last ones had 3 national papers suggested an approach IRO 23p a share.

[partner] 19/8/2016 16:14

currently all stock orders for9.5p have to go to dealer with selftrade , we can but hope all loose shares are now hoovered up !!!.

[michaelfenton] 11/8/2016 13:05

Thanks Beeks that is good news.

[beeks of arabia] 11/8/2016 12:48

I would expect more foreign investors to be running a slide rule over this type of company - current/future dollar earners, with a market cap that has shrunk in yen terms by well over 10% just from currency movements in the last 2 months.

[beeks of arabia] 11/8/2016 12:41

Kenji Miyamoto is a former proprietary trader at Goldman Sachs in Hong Kong.

[lr2] 11/8/2016 12:27

Japanese ice skater.

[michaelfenton] 11/8/2016 12:08

Anyone know who Kenji Miyamoto is? 3% stake now.

[jack jebb] 09/8/2016 17:03

Its not a dynamic stock currently. But when it moves, it will be very quick imo.

[beeks of arabia] 09/8/2016 16:32

Anyone else bored?!

[zcaprd7] 29/7/2016 14:44

No, I'm not married, lol, but a divorce wouldn't help him either, regardless of whose name they're in?