Civitas Social Housing Share Discussion Threads

[relishing] 31/3/2009 15:09

Would like to see how they could make £70 profit per barrel, when oil sells for £35 a barrel?

Also, there is the small matter that they are no longer allowed to produce and sell oil from the Khazakstan oil field.

[monkey puzzle] 31/3/2009 15:07

You've lost me....in July 2008 these were trading at 2p and that note said they coudl treble over the short term....in fact they collapsed and here we have a dead cat bounce if I ever saw one....the company isn't trading, unless you know something we don't?

[ariesr] 31/3/2009 15:00

1775 - 29 Jul'08 - 11:07 - 27358 of 27476

I know shareholders have been let down badly over the last few years but I think this could change very quickly now.lets do the sums! 120 BOD x £70 profit per barrel x 350 days per annum = c.£3m PROFIT annually!!! I believe this one could easily treble over the short term.

[ariesr] 31/3/2009 13:06

scrawler - 9 Jul'08 - 16:49 - 27341 of 27475

i think is about that we get a bit more positive about CSH. now that the company has spread the risk a bit we will hopefully see some rises to the share price. this is propably the best set of good news this company has released during the whole of its existance.

i'm positive this share will double from it's current price in a year at least.

those of you who are running huge losses is about time you average it down.

[safman] 30/3/2009 12:37

yeah..pocket change , no more no less...

best of..

saffy..

[wstirrup] 27/3/2009 23:42

Brave man...

W.

[safman] 25/3/2009 14:25

had a tiny 100K punt..that 2.79 mill..looks like a buy. Only interest i have is the chairman holding 29%. pure punt


saffy..

[enamel] 17/3/2009 11:19

predictable.

[wstirrup] 08/3/2009 20:42

Well, if you guys have any cash left, then the time to buy is when everyone else is selling.

Warren Buffet made his BILLIONS doing just that.

However, there's one caveat. They have to have a revenue stream and profits.

W.

[volsung] 03/3/2009 11:48

Indeed they are Geoff but I wouldn't touch them. If theres too much debt I don't touch. Generally more than 3x pretax profits is a very good filter.

[geoffcapes] 03/3/2009 11:34

Volsung, aren't RBS et al. in the FTSE 350???

[volsung] 03/3/2009 09:18

Only a very dark psychotic interest pp :)

[piperpeter] 02/3/2009 23:50

You still show an interest in MRP, though, volsung?

Pp.

[tutthetrader] 02/3/2009 18:00

THATS IT I GIVE IN......GOODBYE AND BAD RIDDENS.

[barman92] 02/3/2009 12:46

got a list of similar ones too long to put here nfranks, but at least CSH never went from my watch list to my portfolio

[nfranks] 23/2/2009 14:01

Muppet alert!!!!!!!

I bought £4000 of these back in 2005 for average of 46.27p. Now worth £28, yes a whole 28 pounds. It would cost £12 to sell them so actually only worth £16 in my pocket. Could have been worse I suppose could have invested in Northern Rock!!!! It's only a paper loss at the moment.

Have held on in the hope of a recovery, perhaps I should average down a little, I could spend another £28 and double my holding halving my average. Sounds like a bargain. I'll have a think.

Any other muppets out there or am I the only one or at least the biggest?

P.S
I think I bought some for the wifes account but I'm to scared to look, so mum's the word.

My Dad was right when he said,
My dad : "Son, there's only one way to make a small fortune on the stock market"
Me : "How's that then"
My dad : "Start with a large one".

I'll show him he's wrong eventually but better be quick as he's no spring chicken.

[wstirrup] 17/2/2009 19:24

The chart says it all...Flatlining....

R.I.P.

[richandjanet] 12/2/2009 22:22

Oh well the final death knell for another AIM ramping exercise

[monkey puzzle] 11/2/2009 13:00

No one is going to give this lot any more cash now......amazed these are still trading...should be suspended at least, the oil wells have to be dismantled so no prospects of any oil revenues for at least 1 year due to the appeals process...no USA business...the company is bust and its shares should be suspended....why is anyone holding these now? Can't believe there are so few sells unless MMs won't take them of course.....

[relishing] 11/2/2009 12:43

What a pile of sh*te!

[cyberpost] 11/2/2009 12:38

Kazakhstan Court Case Update and Trading Update (Caspian)


TIDMCSH

RNS Number : 1588N
Caspian Holdings plc
11 February 2009

?
Caspian Holdings Plc
("Caspian" or the "Company")
11 February 2009


Kazakhstan Court Case Update and Trading Update


Caspian Holdings (AIM:CSH), the oil and gas development company with assets in
the USA and Kazakhstan provides the following update:


Kazakhstan Court Case


The Kazakhstan Minister of Energy and Mineral Resources action to revoke the
Zhengeldy sub soil use contract held by Taraz LLP ("Taraz"), a 100% subsidiary
of the Company, has been put into effect. Caspian will appeal the judgement.


As reported on 14 January, Caspian won the initial court case. The judgement was
subsequently appealed by the Kazakhstan Ministry of Energy and Mineral Resources
(the "Ministry"). The appeal judgement reinstated the Minister's (Mr
Munbayev) Order to revoke the Zhengeldy contract.
With no benefit from expert testimony, the Appeal judgement's primary reason for
reinstating the Ministers order was that Zhengeldy produced significantly less
amount of oil than it should do, according to the Ministry.


The judgement concludes that "low debits of wells and water content are the
reasons of the low volume of the production. They are result not of geology or
of characteristics of the field but where the result of the activities of
Taraz during the development of the field". In practice, the judgement states
that had Taraz reported more fully to the Central Commission of the Ministry,
the Commission would have been able to correctly advise how to increase oil
production rates at the field.


Caspian believes there are very strong grounds to appeal the recent
judgement. The appeal judgement ruled out a return to the lower courts to
consider the matters of substance and to draw on expert witnesses. An appeal
must therefore go to the Kazakhstan Supreme Court in a process that is estimated
to take one year.


Under Kazakhstan law, Taraz can not arrest (put on hold) the Order of the
Ministry and is required to shut down and remove its equipment from the
Zhengeldy field. Therefore, under the law the Zhengeldy production field must be
dismantled irrespective of a possible future positive outcome from an appeal to
the Supreme Court. The Company will seek to find a more practical solution in
discussions with the Ministry.


Commenting on the decision, Caspian Chairman, Michael Masterman said "At a time
of global financial crisis and low oil prices we can not understand why the
Ministry would intervene to revoke the Zhengeldy licence and shut down a
productive oil field. The Zhengeldy work programme obligations have been met. We
believe it is unreasonable to shut down an operating oil field because the
geology, which was confirmed by different studies, did not support
pre-development production estimates and because the regulated Institute (Centre
Consulting Company Ltd) that is responsible for the preparation and submission
of the supervision of the development report did not submit it on schedule to
the Central Commission".


"The action of the Ministry is in contrast to recent Kazakhstan government
initiatives to encourage foreign investment in Kazakhstan. As recently as last
month, the Ministry stated that probably licences in Kazakhstan would only be
required to meet 50% of their workplan obligations. Why then is the Ministry
putting higher hurdles on a the Company which the first court found met 208% of
its work programme obligations and the appeal court found met 70% of its work
program obligations".


USA Assets


The Company continues to monitor the progress of its US assets in light of the
current energy markets and will provide further updates as required.


Trading Update


The Company is not currently generating revenue and can not continue to support
its projects without generating cash from one or more of them, or by raising new
capital. In addition as a result of the requirement to close down the Zhengeldy
field, the board of Caspian has concluded that the recoverable value of loans
and investments made to Taraz LLP are significantly reduced and it is
probable they will be less than the outstanding loan notes on Caspian Holdings
balance sheet which expire on 13 April 2009. The directors of Caspian have
concluded that as a result of the Appeal judgement the Company must seek a
reorganisation and agreement with noteholders. Negotiations with noteholders
have commenced and the Company will update the market on progress.


Consequently, the Board anticipates that additional funding will be required by
March 2009 to continue to support the Company's activities in the USA and
working capital requirements. Therefore it is actively engaged in seeking the
necessary additional funding to support its ongoing plans and expects to update
shareholders further regarding its funding in the coming months.