Chariot Share Discussion Threads

[wild_goose] 05/2/2013 09:33

Yea, but they want it dead.

Job done.

[hedgebetter] 05/2/2013 09:11

Yes - the MM's have killed it at the moment.

To get volume - which is what MM's rely on for commissions - you shake down - or allow it free reign to do its own thing.

I am a bit fed up with the MM's and their 'price discovery' tactics - the market is there to discover its own price and it does not need a MM to buck it. In any other industry this would be bordering on illegal or unethical. But this is the financial markets.

So now it looks dead. And it needs a cattle probe.

[newswseller] 05/2/2013 08:54

Yep a good way to put off any prospective buyers and sellers

[triples] 05/2/2013 08:41

Big, fat wide spread this morning.

[hedgebetter] 05/2/2013 07:54

THx Stockriser - I had not seen this one. Looks like one for the header ! It's also very recent - 9/1/2013 @=)

[stockriser] 05/2/2013 07:39

Apologies if this presentation has already been posted.

The Hydrocarbon Case for the Orange River Basin

https://docs.google.com/gview?url=

[newswseller] 04/2/2013 21:17

cheers for your thoughts triples..

kiwimonk, if I thought 35p was not worth selling at then sub 30p definitely isn't

[alex hawk] 04/2/2013 21:06

I think the key thing was many had thought (inc myself) that sub 30p were gone so I would speculate many stop losses were triggered hence the sudden fall. We are still in consolidation mode with newsflow its just a patient waiting game.

[hedgebetter] 04/2/2013 20:31

Same here. Had L2 on all day but went to grab a quick bite - came back - and boom. Within 30 mins it had been shaken down. Good thing is - it started recovering from that point onwards as can be seen in the daily graph in the header. Looks like the MM's were gunning the sell stops until the buy stops took over. Someone picked up a nice slice of shares today. None of them mine!

[triples] 04/2/2013 20:09

I was having my lunch at the time and didn't have L2 up, but earlier in the day, the bid side had looked a bit weak. I put a bid order in early on at 30.75p which held the line for a while, then it got filled and whoosh, down went the price - no one else on the bid, or, shifting their orders down fast.

Something has spooked the market in general and Chariot in particular - mainly because of its liquidity, 0% stamp, a traders share. Some folks got spooked. I don't believe it is an operational issue.

There is still loads of value here, imho, and we just have to be patient. It is getting tough though, all this waiting. But having got so far, I'm not giving up just when it starts to get more interesting.

[hedgebetter] 04/2/2013 20:07

Triples - most pi's are wrapped up into their respective brokers e.g. T D Waterhouse, Brewin, Halifax, Citi group - some with obscure nominee names - which I traced through to the city boys - same address, and checked their directors on linkedin of all places...the smaller holding show individual names - but they are very small in the scheme of things.

The conclusion I came too was the II's are out - which is good news in the sense that they will have stopped selling. The games we saw today - well just that. Interestingly if you trade via CFD in TDW - then thre is NO leverage. If its the same in other brokers trading CHAR via CFD - then there is not much leverage to shake out..which is good news for support levels.

This is massively undervalued.

As for Cairn - well I posted a note in this char bb some time ago about a broker in Scotland who bought Cairn because it was supported by cash with no market value attribite to its acreage. It was a tiddler at the time. Then it struck oil in it's zero value acreage :-) and he made a collosal amount of money. Lightning does strike twice - and seismics are better than they used to be. Call me old fashioned - but either all the oilers have got it terribly wrong on Namibia offshore...or its just a matter of time ;-)

[newswseller] 04/2/2013 20:05

kiwimonk, clearly not a lot of investors share your views, otherwise we would not be stuck here getting a battering... I think the same as you, BUT clearly we are missing something??

To me this isn't a stinker of a share, but it's performed worse than a stinker over the last 5 months.

I've sent Larry an email, I doubt he will reply

[newswseller] 04/2/2013 19:59

triples, what is your your thoughts for how this could have dropped so quick?

For it to drop almost 4p in minutes, it means that no one was on the bid or it was extremely lightly bid.

I was in work so I don't know what exactly happened, but i'm sure some here would have been watching L2 and have a better idea of today's price action

[kiwimonk] 04/2/2013 19:55

funny how the 30p cash on balance sheet, downside of a couple of penny over 14 months time. farm outs, drilling success in Namibia, the value already char have in Namibia, the pretty priceless value of their drill data in Orange Basin, the central resource block update to the total resources.
The inherent INTRINSIC value of Mauritania and Morocco as well.
CHAR at 30p is undervalued at many times below its current mk cap.

HRT will bring in the goods - CHAR and the rest of the Namibian co's will reap the rewards. CHAR more so due to their current non valued price with their huge 3D value and Drilling info to hand.

Tullow and Cairn will bring in huge value to M and M - anyone who is fretting at 30p for CHAR needs their head examined!

The Sheer Upside is unlimited
The Downside a couple of pence.

imho dyor i have no idea what i am talking about!

[triples] 04/2/2013 19:54

Cheers HB.

It is good to see that BG have gone.

Was I mentioned at all? ;)

DMA traders had little influence on today by the way. This was bigger boys in action or rather, inaction.

[hedgebetter] 04/2/2013 19:51

They charged me £80 :-) Thx

[triples] 04/2/2013 19:50

HB,

Great work, research and analysis. It looks like you paid the £95 to find out.

Many thanks indeed.

[hedgebetter] 04/2/2013 19:40

175 Million shares are cleared through the clearing house - analytics.squaremiledata.com. Oxford and Sunrise have a small short on which if you look at the clearing house figures and FSA figures could only be satisfied by the 25 Million shares not going through the clearing house. Which shares are unlikely to go through tthe clearing house - possibly those that are close held. Has anyone who holds some of the 25m shares lent them to the shorts? And if so ..why - as this could mean someone or something with close links to those who closely hold the shares....

Thoughts?

[wild_goose] 04/2/2013 19:27

Come on Larry,

Phone your mates at BP and get them to tell the hedge Fund they using to lay off, it is not even funny the way they control this any more.

My guess is, they are doing a scare drop in the sp, trying to panic the weak into selling.

Let's see if they it back to 28p, or they want to go lower.

AIMO, DYOR.

[simonaj30] 04/2/2013 19:09

Thanks for the comments HB, yes at least BG has gone

[hedgebetter] 04/2/2013 18:41

That is interesting Simonaj30.

MSD Capital LP 4.30
Citigroup Global Markets UK Equity Ltd 4.16
Barclays Personal Investment Management 3.50
Fidelity Investment Mgrs Ltd 3.30
Protech 11.00
Adonis Pouroulis 10.81
Westward Consultants Ltd 10.77
Heindrich Ndume 10.03

The one I got is from Capita registrars - snapshot 21/1/2013. It has each shareholding adding up to a total of 200,641,135 shares. I believe morning star is incorrect.

However - it makes for an interesting comparison. I thought Adonis's shares were held in Westward - and this is confirmed on the Chariot website snapshot as at 7/11/2013

Yet they are shown separately on morning star - which smacks of double counting.

The Ndume fugure tallies and yet there is a separate Protech (Ndume) figure as well. Again - double counting?

The Chariot website I would say is correct as is the Capita Registrars figures. Best you ping Morning star!


. Either way Baillie Gifford is out.

[simonaj30] 04/2/2013 18:13

It does seem to differ from this, so I am not sure which is more acurate.
This report has todays date stamp: