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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Subsea Res. | SUB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.26 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.26 | 0.26 |
| Top Posts |
|---|
Posted at 25/3/2012 19:50 by peterbill Hi Kenmitch, Yes, have been watching PCGS, expiry end Jan 2014 ... have an order in for some if it drops any more. What do you think of ATSS? Long way to expiry, and Artemis did have a good name for turning things around. Worth buying for the turn a round? You can skip the header by clicking on the "skip header" right at the top of the thread. Will add short cuts to all the different sub share graphs in the header soon, when back from my holidays. PB PS Does anyone know where I could get pointers to find the code for getting the CFP of each sub in the header using live prices ... I've got it in excel but looking for pointers for doing it in HTML? |
Posted at 22/3/2012 18:19 by kenmitch PCGS remain excellent value and the share (now trading around NAV) holds up well on down days. THE best sub share for a cautious investor. Target 15% on the share price to 130p by the end of next year and the sub should double from 15p. Or invest £5000 in the share looking for 15% capital gain by the end of next year for a profit (excluding dividends) of about £750. Or invest £1000 in the subs for a profit of around £1000 IF the share can get to 130p. Thanks for starting this thread Peter... but is there any way of avoiding having to scroll through all the useful charts before finding the posts? |
Posted at 10/2/2012 16:07 by peterbill Cheers Mangal, I wanted to compare the sub price to the underlying price, but there did not appear to be any one place on ADVFN so made this one. Didn't take too long.Will add others, if required. PB |
Posted at 29/1/2009 16:55 by 2dn Isn't "Sub Sea Research " a different company?Nothing to do with "Subsea" As an asside, anyone know what Where John Kingsford went or is doing? |
Posted at 25/1/2009 13:53 by edmondj Sub Sea Research was forced to go public with its discovery when it filed a claim on the treasure in a US federal admiralty court, to which no counter claims have been lodged so far. Mr Brooks said: "No one has stepped forward to make a claim yet, probably because the government that lost it does not realise. "We are trying to keep it as quiet as possible until we have it in our possession. We think the possessions on board may belong to more than one country. "I know for a fact that everyone possible will try to take it from us, but we are doing everything by the book. I think the worst case scenario, under salvage law, is that we would get 90 per cent of it. But we are trying to go for 100 per cent." Mike Williams, an expert in salvage law at Wolverhampton University, said the Government which had owned the cargo would retain a strong claim on it. He said: "Both Britain and Russia transhipped large quantities of precious goods to the US to pay for their war effort. It would be unlikely the salvors would be able to keep it all. "The real winners will be the lawyers. There is a marine lawyers' saying that treasure is trouble." |
Posted at 26/2/2008 17:54 by p3dr036 The only reason for declaring a tax loss, mandy, is if you have made a capital gain [CG] which is greater than the present CGT allowance for the year, which is £9200. If so, sell your SUB's and deduct the loss off the top of your CG to bring you below the £9200 threshold. You would have to do this during this tax year [i.e. before April 5th 2008]However I think you may be confusing SUB with shares "of no intrinsic value" where the tax authorities agree that a share is worthless [e.g. the company has folded]. SUB is not [yet] in this category as it seems to be trading still. However, I suspect that this will not be the case for much longer and if [when] the company runs out of cash, SUB could well join the happy band of shares of no value, like Ronson or Media Content, etc! |
Posted at 01/2/2008 14:27 by p3dr036 caveat emptor!It was the many over enthusistic press releases issued by Mark Gleave [and a snotty e-mail I received from him complaining about a negative comment I posted on here] that turned me away from investing in SUB at around the 25p level. so perhaps I should thank him. It was also dear old "bello39" who old timers on here will remember for his slavish defence of SUB at all costs. But frankly, anyone who invested simply believing the company's "jam tomorrow" P.R., without doing some serious investing of their own, was asking for trouble. There were also people like tombarr, captainfatcat and others, on here making good sense. Life is tough but one can always sell and take a loss if it turns out that the decision to buy in was a poor one. However no one is ever forced to buy into any company. SUB was always high risk! |
Posted at 24/1/2008 18:28 by p3dr036 celtic-mist You say "When not on operations the JL needs to be earning revenue from third party survey projects. I guess there might be a lot of competition in that area ??"I do wish people would do some proper research before posting. It is not "their" ship. SUB mortgaged the JL and it's currently owned by the folk that loaned SUB the cash to keep going. See this extract from the Interim Report for the 6 months ending 39-09-07 which was issued in December last. The full report is available on the SUB website You can't have read the report or you wouldn't have made such a statement! =====QUOTE===== [the fourth bullet point labelled "Key Features" """The bonds liabilities are secured by a debenture and all monies chattels mortgage and a first preferred Panamanian ship mortgage on the 'John Lethbridge' in favour of the Bondholder. The Group has a covenant with its Bondholder to advise it if at any time it has less than £1,000,000 freely available cash. If such a situation should arise, the Company may not make or enter into any obligation whether by payment, contract or otherwise having a value in excess of £75,000 and /or make any decision that may have a material impact on its business without giving the Bondholder at least 2 Business Days notification of such proposed event.""" ===UNQUOTE========== So read the Interim Report and weep! It's a pity that some people posting on here don't seem to realise that SUB and the Norwegian Blue Parrot have much in common!! This company has little or no cash. If [and it's a big if] someone does throw any good money after the bad money already frittered away by the previous management, current shareholders are going to be diluted out of existance. I can see an issue of new share worth a small % of the current shares.New shares |
Posted at 23/1/2008 20:43 by celtic_mist Location of subsea wrecks has only been made possible with new technology. The locations are not in the public domain. The first attempt failed due to technical problems with the French ROVs. If SUB don't do it, somebody will, that's for sure. They get to keep 80 - 90% of whatever is salvaged. Still think SUB were hoping to win a survey contract:) |
Posted at 18/10/2007 17:47 by petergoddard No, blue59 - I've never held. As I've said before, I got very interested initially; got hold of the Placing Document from the company and did some research into the company. I was seriously considering buying a "few 'K's" worth of shares. But, luckily as it turned out, I dithered around without buying. There was just something about the company that I didn't feel was right!There was one poster on here [the famous or infamous bello39] who was so incredibly bullish. He somewhat hacked me off after I'd dared to raise one or two queries on this board, hoping for a sensible reply or two and got told off. But I've broad shoulders and one meets types like this on many boards! But Finally two things did it for me. 1. Mark Gleave had kept shareholders informed in late 2005/early 2006 with regular updates on the progress of: the buying of various bits of search or salvage kit; the fitting out of the John Lethbridge; and the time scales for sea trials. [Most of these bulletins later disappeared from the company's website after MG's demise!. But I still have most those that were e-mailed to me by Mark Gleave from June '05 to April '06] It had always seemed clear to me at the time that there were likely to be slippages in this type of programme. But when I asked the company directly and raised the question on on this thread, my queries were always turned away. Here's what MG wrote to me on 9th February 2006: "Although I regret that I cannot answer your specific questions I can confirm that at the moment there are no changes to our programme and should any arise the company would inform the market in the usual way. With thanks and best regards Mark FJ Gleave" 2. The main thing that troubled me was on 5th February 2006 when Mark Gleave issued a really silly announcement onto the company website and by e-mail which listed all the "targets" with their likely tonnages and what minerals involved [gold, copper ingots, etc.]. He then totalled each of these to an incredible figure of nearly UD$600 million dollars! I still have this e-mail, dated 5th February 2006, and could produce it here if anyone wants to see it. Frankly I really couldn't understand the reason for putting out this list, which I thought was interesting but valueless! It certainly could not be taken as any kind of valuation of SubSea Resources at that time. But I suspect that a number of un-sophisticated investors may well have run away with the idea! The day after the e-mail, on Monday 6th February 2006, SUB's share price was 25p. From then on, apart from a brief few days at 24p, the share price stayed well above 25p till August 2006 reaching a high of 44p. The collapse since then is well documented! By that time, I had decided that I couldn't put my money into SUB. Events have proven me right! But I remain interested in what finally happens to SUB - I can't see that they will remain in operation for much longer. But at least SUB is a good example of the City's old watchword - CAVEAT EMPTOR! By the way, buying this share at 1p wouldn't interest me either!! |
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