Rockpool Acquisitions Share Discussion Threads

[davros006] 06/5/2009 13:27

MONIS - 4 May'09 - 15:55 - 907 of 953


It will get exciting here if we get a bid from BHP-Billiton.

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Lol, what a load of codswallop. Where did you get this ramp from Monis . lol lol lol.

[max i million] 06/5/2009 12:42

Last mention as this is not the JLP thread, but in profit already. Good luck all ROC holders.

[drago] 06/5/2009 11:26

max, wrighty
jlp, gkp good choices imho

[wrightey] 06/5/2009 11:14

I am with you Max I Million, took my profit yesterday and took a punt on GKP. They are drilling so at least should get a ride for my money even if they get a duster.

[spursmatt99] 06/5/2009 11:10

I am also a mug. Bought at 22p in feb and watched it drop. Bought more, watched it drop more so continued buying. Got my average to 19p Sold the lot yesterday morning at 30p. GL to all. I hope a bid does come, if its at a fair value.

[donaceace] 06/5/2009 11:05

he he who who ha ha - monkey dance :)

[max i million] 06/5/2009 11:04

I am a mug. After last night's ASX performance, it was obvious that we would fall here today. Sold my 11,111 shares at 31p for a 4p profit. Rather take a profit than loss. If, if there is a takeover announcement, I can always buy back in, even if at a higher price. Small itsy bitsy profits beat losses. That said, long term holders, good luck.

P.S. I used the profits to buy into JLP. Hmmmm? Let's see

[monis] 06/5/2009 10:56

All the mugs who sold will soon be buying at a higher price imo.

[wrightey] 06/5/2009 10:50

Monis, that was not a ramp but fair comment, so stop being such a pain in the posterior.

[monis] 06/5/2009 10:35

buys are now starting to return imo.

[monis] 06/5/2009 10:33

Wrighty was this morning ramping on the HOIL thread another oil company, so don't take everything that people post seriously...

[cmabey] 06/5/2009 09:52

Wrightey,
I saw the article on the surplus of oil in storage. However, my problem with the theory that the surplus will trash the POO is simply that the speculators hoarding oil in tankers are doing so to make a profit - something that won't happen selling into an over-supplied market with a falling POO.

[monis] 06/5/2009 08:52

A little bit of a dip while some leave the party, i'm staying as i think in a few days and weeks this will be a lot higher imo. dyor.

[monis] 06/5/2009 08:11

I would be nervous to be out of these if a take over rns suddenly arrived imo.

[wrightey] 05/5/2009 16:58

Read the article in today's Telegraph about a suplus of oil in storage and begin to worry. I sold out on Roc today because the take-over rumour is being over done. And anyway if you see a profit take it, can always buy back in.

[monis] 05/5/2009 16:39

With the large volume of stock traded in Oz I would say that is where the rumour has come from and as the company have stated they have not heard anything I would guess that it could have been accidentally leaked from the company interested who have yet to contact ROC imo dyor.

[monis] 05/5/2009 16:28

key part to the previous post is imo....




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ALI MOORE: Well, the energy sector was up 5 per cent across the board and Roc Oil up 21 per cent?

CHARLIE AITKEN: Roc Oil's coming off a low base, but there is a takeover rumour there, which is quite believable, actually. I mean, actually looks a very cheap stock. But the energy sector is trying to do better. The oil looks like it clearly bottomed. Oil looks like it wants to go back to $60, $65 a barrel, and energy stocks led by Woodside today, really, did very nicely.

[monis] 05/5/2009 16:26

Interview with Charlie Aitken

Print Email
Australian Broadcasting Corporation
Broadcast: 04/05/2009
Reporter: Ali Moore
Lateline Business speaks with Charlie Aitken from Southern Cross Equities over investor reaction to Macquarie's capital raising.

Transcript
ALI MOORE: For more on investor reaction to Macquarie's capital raising and the rest of the day on the markets, I spoke earlier to Charlie Aitken at Southern Cross Equities.

Charlie Aitken, it was a very impressive start to the week. Why such optimism?

CHARLIE AITKEN: Well, the market started very strongly. I don't know if it's actually optimism, Ali, - I think it's a lack of pessimism. You can see the major fear gauges around the world, like the VIX index, US Treasury bonds and gold are all falling. I think, look, it's a combination of factors, it's just that investors have got a slightly, are a bit more risk tolerant lately.

ALI MOORE: Even Macquarie shares ended up, and that was despite their capital raising at a big discount?

CHARLIE AITKEN: Yeah, Macquarie shareholders who took up the placement at $27 got a nice bonus today, with the stock 23 per cent above the placement price. I think that comes down to, Ali, that Macquarie only gave new equity to people who already held their shares. That means people who were short had to cover their short positions. That combined with a better tone from overseas saw Macquarie up on the day, which I think surprised quite a few people.

ALI MOORE: Well, you talked about a lack of pessimism, but in terms of the big news of the day, it was really the announcement of the delay with the introduction of the emissions trading scheme. Stocks were well up before that delay, but can you give us an idea of how shares reacted?

CHARLIE AITKEN: Well, it was a tremendous day if you're a big polluter. I mean, anything that's a relatively large polluter had a good day, anything from coal stocks through to BHP and Rio Qantas, BlueScope Steel, Orica, INSETEC, the two chemical manufacturer, building material stocks, anything that was going to be a net loser from carbon emission trading had a very good day as it gets pushed back again. But that's relatively understandable. You'll find in tougher economic times that environmental issues get put back a little bit.

ALI MOORE: But all those rises, as you say, they were extensive, would you really put all that movement down to just delay? Or were there other factors at play?

CHARLIE AITKEN: Look, I'd say it was 50 per cent of the moves were the carbon trading emission scheme pushback and the other 50 per cent was just a generally better tone to cyclical stocks. All those stocks are quite cyclical as well, and cyclical stocks led the market today.

ALI MOORE: Well, the energy sector was up 5 per cent across the board and Roc Oil up 21 per cent?

CHARLIE AITKEN: Roc Oil's coming off a low base, but there is a takeover rumour there, which is quite believable, actually. I mean, actually looks a very cheap stock. But the energy sector is trying to do better. The oil looks like it clearly bottomed. Oil looks like it wants to go back to $60, $65 a barrel, and energy stocks led by Woodside today, really, did very nicely.

ALI MOORE: Well, the other bit of news that we got was from the Future Fund and the fact over the last nine months, they loss, or it was a paper loss, so I guess they shrank some $6-billion. How did that performance compare to many other sovereign wealth funds?

CHARLIE AITKEN: Well, relative to other sovereign funds, it's a fantastic effort. I mean, a good percentage of that fall is actually their Telstra shareholding. But relative to the Middle Eastern sovereign funds, the Chinese sovereign funds, some of the Asian sovereign funds, who really lost a lot of money trying to early recapitalise stocks like Merrill Lynch and Citigroup, which went on to be all but zero, that's a pretty good outcome from the Future Fund considering the conditions.

ALI MOORE: So what are the key things that we should watch out for the week?

CHARLIE AITKEN: Well, there's bank stress results in America on Thursday. But other than that it's just end of the US reporting season. I think the market wants to go higher, Ali. It seems everyone's waiting for a pullback - there's a lot of cash on the sidelines. I said on this show eight weeks ago the market had bottomed. The market has bottomed, and we're going to see a little bit more cash come in from the sidelines. I expect the markets to go higher over the week.

ALI MOORE: And of course there's an interest rate decision this week as well, tomorrow. Are you expecting anything?

CHARLIE AITKEN: No, I think the Reserve Bank will stay on hold. They're still monitoring the situation. But the key thing was last week where the US Federal Reserve said cash rates were going to remain low for an extended period. And I think that's why we're seeing such a rally in risk and high yield stocks are seeing a little bit of support, as well.

ALI MOORE: Charlie Aitken, thanks for joining us.

CHARLIE AITKEN: Thank you, Ali.

[monis] 05/5/2009 16:15

and again....

all very interesting...



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May 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- RCILF | Quote | Chart | News | PowerRating -- Roc Oil Company has denied rumours of a takeover bid. The decline in the company's share price has prompted speculation that it is a takeover target. Its stock has fallen from about $A2.65 to as low as $A0.30 over the year to May 2009. Nevertheless, its share price rose by $A0.105 to $A0.60 on 4 May.

Publication Date: 5 May 2009

[monis] 05/5/2009 16:06

This newspaper article puts a slightly different take on it imo. No smoke without fire imo.

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Roc Oil shoots higher on takeover speculation
4th May 2009, 11:15 WST

Shares in Roc Oil rose more than 20 per cent today after the oil and gas producer said it was aware of rumours it may be a takeover target.

In a statement to the Australian Securities Exchange, Roc said while it was aware of the market talk, it had "not received any takeover proposal".

"Consistent with previous public statements, Roc continues to evaluate all strategic alternatives concerning the company's assets, ownership and capital position in the current operating environment," it said.

Roc shares were 10 cents, or 20.2 per cent, higher to 59.5 cents at 11.10am, valuing the company at about $349.88 million.

Roc has assets in Australia, the UK, Mauritania and China.

AAP

[jpendle] 05/5/2009 13:52

thegreatgeraldo - apologies for the confusion I posted on the wrong thead - I've got another company that did issue an RNS on the move today.

The only thing I know about ROC is its undervalued and should not drop back too far even if nothing happens - I'm holding for a while yet.

[max i million] 05/5/2009 13:50

EDIT: Then again, maybe not. Disregard!

[thegreatgeraldo] 05/5/2009 13:33

Jpendle - 5 May'09 - 12:54 - 924 of 929

Thisis a sure winner now - the RNS says they are going for the best offer, but it is clear there are other competitive potential offers so little or no chance of being left with no deal.

Which RNS are you referring to? Here's the one from this morning..

....ROC is aware of market rumours that the Company may be subject to a takeover bid. ROC has not received any takeover proposal.

Consistent with previous public statements, ROC continues to evaluate all strategic alternatives concerning the Company's assets, ownership and capital position in the current operating environment.

ROC is in compliance with and will continue to comply with its continuous disclosure obligations.