Portland Gas Share Discussion Threads

[junior21] 29/5/2009 12:12

Nice rise, would be happy to finish the day above 110p

[mina123golf2] 22/5/2009 12:54

zak_mo Your prediction of 2.00? - on what do you base this figure which without any timescale seem pointless. Why in your opinion is next week to be so interesting in relation to PTG.

Were you in actual fact referring, as holism suggests to the time of day???

[holism] 22/5/2009 11:03

yes just under three hours

[zak_mo] 22/5/2009 10:58

2.00 soon....dyor intresting week ahead

[bones30] 21/5/2009 12:32

Yep - thanks eacn.

[junior21] 21/5/2009 12:24

Nice rise past couple of days, thanks again eacn

[bones30] 21/5/2009 12:15

Strange - only 2 MMs on the offer.

[bones30] 21/5/2009 12:04

This post by RBCRBC is interesting:
(I think he's refering to Esmond, but its relevant to PTG is it not?)

[bones30] 21/5/2009 11:59

In earlier at 105p

[bones30] 20/5/2009 23:15

No, I'm afraid not. I did consider it a few times, but really wanted that 80p. Never mind though because I've made some decent money on this, and today another couple of companies. You can't win em all!

I nearly bought some for 102p this afternoon, that might have been unwise (short term obviously).

This one is firmly on my watchlist. Just need to free up some funds.

[eacn] 20/5/2009 18:43

bones30, did you get back in before the jump?

[eacn] 20/5/2009 18:31

The recent Oil Barrel article referred to recent presentations to a wide range of institutions and I understand that this is what has kindled the interest in the stock. My broker rang me today to say that they were seeing interest from "all over the place" and in size. The drop to 79p is most probably a tree shake to try and grab some stock.

I don't think anything has been agreed on funding yet, but institutional interest has been kindled by the very robust IRRs included in PTG's business case, which have been 'validated' by independent third parties. I am not totally convinced by the IRRs but even if you treat them with a fairly big pinch of salt Portland should generate a 15% IRR for operators provided there are no serious cost overruns. There aren't that many utility type projects that offer those sort of returns so I assume institutions sit up when they see the numbers.

[scruff1] 20/5/2009 16:35

I've been in this for years and it has always been a characteristic of this stock. Big rise for no apparent reason followed by big fall also for no apparent reason. Never found out why.

[mina123golf2] 20/5/2009 14:56

Whats going on eacn? Sp dropped to 79p this morning then without any warning shot up to 102p.Has there been an announcemnt re funding?? I certainly cannot find any reason for this rise - can you help us???

[scruff1] 20/5/2009 14:27

Don't know but it looks like something is. Also looks like they have shaken a few out before hopefully a quick trip north.

[speed camera] 20/5/2009 14:24

What's up doc?

[eacn] 19/5/2009 22:56

bionicdog, good balanced article. The 'new' news is that that the journalist is talking about funding in place by July 2009, which corresponds to the pipeline order deadline if they are to build the pipeline before the Olympic trials in 2011.

This fits with the timetable I set out in an earlier post, but my view was that PTG could only expect to have indications of funding by this stage. If they are to close a deal in this timescale a lot has to happen in the next 2 months.

If they miss the July deadline then they will have to pick up the pieces in September and it could be Christmas before they have anything in the bag. We should be prepared for a roller coaster ride in the share price over the next two months.

[bionicdog] 19/5/2009 20:13

I had to sell a lot of everything before the AIM tax changes came into effect last April. I do still hold , but not enough to care on a day to day basis.

[mina123golf2] 19/5/2009 20:00

bionicdog Interesting article Good find. Where have you been for the past year?? Have not heard from you on this board since planning permission was granted last year.Did your health suffer when the share price collapsed?? Do you still hold PTG??

[bones30] 18/5/2009 16:25

I sold, yep. If I'm right this is going 80p, then a lot higher.

A profit was a profit, thats all. Plan to get back in in the long term.

[mina123golf2] 18/5/2009 15:34

bones30 Wise words from eacn. This share price has been up and down in the range 40p to 70p for months now and this certainly looks like a sustained move upwards with doubtless a few hiccups along the way. It is almost exactly a year to the day since planning permission was given by DCC (16th May 2008 ??)- at that time the share price went to around 430p - the disasterous fall is well documented since then.I really believe that buying strongly now is the order of the day. As a matter of interest did eacn advice come to late - did you sell???

[eacn] 18/5/2009 11:43

bones30, trading PTG at the moment is risky: you never know when they might make an announcement on funding. Years of trading have taught me not to exit a position in situations like these. I have twice lost out on seven figure short term gains by selling with a view to re-entry, and those two very painful experiences have left a permanent scar.

[bones30] 18/5/2009 10:10

This looks toppy for now. I'm getting out til I can get back in at 80ish.

May prove to be a big mistake, but hey...

I'm not saying this isn't going to 200p, it is probably. Just hoping to get more shares for when it does.

EDIT: looks like I may have made the wrong call there.

Good luck to all holders.