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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Resources It | REI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 311.80 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 311.80 |
| Top Posts |
|---|
Posted at 23/5/2007 11:49 by bobobob5 bionicdog: Emerald Energy EEN (and their 50% partner in Syria, Gulfsands Petroleum GPX) have very recently struck oil in Syria, their KE-1 well is being tested as we speak. The president of Gulfsands Syria made some very positive noises to 'Syriasteps' recently about this well, and the companies announced last Friday that they are starting another well on the same prospect early next month. Anyone holding large large amounts of stock in these companies is aware of the significance, Evolution said very recently that a positive result could add £1 to the Emerald price. But I don't know if REI still hold their considerable # of EEN, or if they've sold recently. bobimho DYOR etc |
Posted at 24/5/2006 10:32 by tuffbet NAV 252 todayMy expectation is that as the volatility of the equity markets increases and the Dollar continues to fall Gold will rise strongly again as a safe haven. Just my opinion but nothing I have seen in the last few days could convince me that the long term up trend in commodities ,especially minerals will not remain in place -it's just a question for REI holders of whether the price can stand aside from general weakness in the non commodity stocks |
Posted at 15/5/2006 11:43 by tuffbet Munin and armisteadagree with the points you both makin that it makes sense to buy at a discount in the hope that you can get that double whamee ie the rise in the underlying asset value and a narrowing of the discount. Lots of Investment trusts have now put in place schemes to cause the discount to narrow and stay narrow eg buying back shares and holding them in Treasury etc so any trust at a big discount right now could benefit from their board taking this approach soon . It was obvious the mining stocks were going to hit the wall at some point soon and its better that some of the froth is blown off now. Personally I think any blow off will be temporary, as far as the better quality stocks are concerned, because I think we are in a long long term reversal in hard commodity prices. The fact that REI is at such a big discount to NAV should give the share better than average support. REI is also reasonably well diversified it's not a pure mineral or gold play so I am happier here than I would be in a single metal ETF - will just pop the copper and zinc helmet on and keep the head down for a few days looking up occassionaly to see if the market has done anything daft I can profit from. |
Posted at 25/4/2006 21:46 by nephin On the Trustnet site it says that REI is the top riser so far this year - even ahead of the mighty JRS.I think that this I.T. will really shine this year. As an aside line if there is anybody who is interested in other commodity I.Ts have a look at SVU & SVM - particular their top holdings. Good luck to fellow travlers - let's hope that the journey is a profitable one. |
Posted at 24/4/2006 20:55 by wirralowl Key holding EEN gone through the roof the last few days (long term prospects finally being recognised, as new management shake the 'Emerald the Dog' tag). Increasing production and potentially explosive Syrian prospects should continue to see EEN contribute nicely to the NAV of REI. |
Posted at 18/4/2006 17:19 by salmac REI publishes its NAV on a daily basis - see At close of play on 17 April the NAV was 283.32p |
Posted at 18/4/2006 14:47 by armistead34 Would there be any way of making the current NAV of REI available on this page? As for example, JRS, MNE, MLW?Does REI make it available? |
Posted at 30/3/2006 17:04 by armistead34 Beginning to motor. Let's see if it settles at the 2.00 mark.Incidentally, re. question of why the discount, I think the absence of posts on this board is probably instructive. Compare to the number of AIM mining stocks being discussed on the leader board. Advantages of REI is that you get the leveraging of a competent management (at least I assume that they are!); the underlying shares at a discount; and you can put them in your ISA! |
Posted at 28/3/2006 21:01 by foster In TrustNet's performance tables today, REI has the best performance of all investment trusts over six months, with 40.1% NAV growth. Why does the discount remain as high as 19%? |
Posted at 02/12/2005 09:43 by energyi Today REI has traded about 138p.It is very near to its 140p peak- I am hoping for a breakout. A short term top may be near 140p. But longer term, I am expecting Gold to breakout and show a sustained move above $500 next year. If that happens, then I would expect HUI and REI to breakout too. Gold xMult -HUI- /GBP=PdHUI Hmult NAVest D-17%. REI $450 x50% 225.0 /1.75=128.5 x1.15 147.8p x .83= 122.7p $500 x50% 250.0 /1.75=142.9 x1.15 164.3p x .83= 136.4p $550 x50% 275.0 /1.75=157.1 x1.15 180.7p x .83= 150.0p $600 x50% 300.0 /1.75=171.4 x1.15 197.1p x .83= 163.6p $650 x50% 325.0 /1.75=185.7 x1.15 213.6p x .83= 177.3p $800 x50% 400.0 /1.75=228.6 x1.15 262.9p x .83= 218.2p Note: If they can shrink the discount to 10%, and Gold goes to $650 next year: $600 x50% 300.0 /1.75=171.4 x1.15 197.1p x .90= 177.4p So take 175p as my Upside target for 2006 (at $600 gold), and 190p at $650 gold |
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