Civitas Social Housing Share Discussion Threads

[krazykid] 04/4/2007 11:41

yep only a month, although if i wasnt so down i would pull out and go back in next month!

[vavoom2] 04/4/2007 11:37

Well done.

CSH strikes again

[conart] 04/4/2007 11:36

whats the worry?? ...........its only a month and an egg cup full worth of oil.....

[declan2] 04/4/2007 11:31

:( , possibly an all time low on the wa?

[dexter01] 04/4/2007 11:24

anyone looking to move, look at MRP

[nghomi] 04/4/2007 11:22

I am out! Moved my remaining fund to EEN.

[phillis] 04/4/2007 11:07

Last rites?

[martincoops] 04/4/2007 11:04

Now that is not good news if you hold but may be good if you were looking to buy

[phillis] 04/4/2007 08:26

better to put them down

[onone2] 03/4/2007 20:46

let sleeping dogs lye

[enamel] 03/4/2007 19:52

In view of the difficulty of extracting oil from the lowest level, CSH might be reluctant to commit to a reserve estimate until they have made further efforts to
extract the oil.

However, CSH`s communication with its stakeholders is poor.

[phillis] 02/4/2007 17:09

I rest my case - for the moment...

[stefield] 02/4/2007 00:21

enamel
they mentioned a reserves downgrade about 2 yrs ago, but we still havent been updated.
most companies have a reserves report every yr and csh have drilled more than enough holes to work it out. i find it very worrying !

[enamel] 01/4/2007 20:24

Phillis,

now, now, be fair you do not know that. The reserves are there, the trick is to get them out of the ground.

[phillis] 30/3/2007 12:44

CSH unfortunately don't have any reserves of substance

[stefield] 28/3/2007 12:21

oil companys are valued on reserves !!!!

[nghomi] 28/3/2007 12:16

stefield,
What do you mean that this has been draging on for years now! CSH floated 2.5 years ago and when you invest in a company you may have to wait 5 to 10 years to get any return on your investment! Look at MKS, how many years did it take to hit the recent all time highs.

As to CSH, the investors (or shall I say traders!) expectation have not been realistic so we have had a bubble prices on CSH. Nevertheless, during last 2.5 years, CSH has established an all round business. It discovers commercial oil, it extracts it and it also sells it to the export market at reasonable price. It has even made a maiden profit in the first six months of last financial year.
I agree that all is done in small scale (hence the market cap of £6m!) All it now needs to scale up the same of everything. This is clearly stated by the managment in recent RNS's. So the workaround program will probably increase output and the mangement are working on increasing the operation area shortly. I do not expect CSH hits 50p or even 25p this year, but IMO share price is now turning we might hit 15p+ this year.

[stefield] 28/3/2007 11:50

those very same reputable institutions bought in at 33p, so i will stick with my own assessment thanks.
' even if they only produce 200 barrels per day when in full production [and I think it could be up to 4 times that]'
where will they get the extra production from ??
they have stopped drilling new wells,
1. cos they dont have the money
and
2. cos there isn t much room left on the field to drill anymore wells !
Q. how many reserves do they have

A. we don t know, cos they won t tell us !!!

[1775] 28/3/2007 09:57

Stefield do you honestly think that very large reputable institutions would have picked up c.15% of this co. in the last month if what you say is anything near the facts.

[nghomi] 28/3/2007 07:59

Well, something is going on here. IMHO we may here about the new extension license or something in that order. What is certain is that the reputable institutioanl holders are happy to add. Oil price will be well in excess of $100 if there is smallest sign of a major war in the Persian Gulf. Don;t forget that Iranian missiles could easily target Suadi's oil filed, etc. I doubt it would happen but the uncertainty would make a huge spike in oil stocks including CSH IMO

[stefield] 28/3/2007 07:36

this has been dragging on for a couple of yrs now and still people dont get it !
im sorry, but there is hardly enough oil to power the generators used to get it out of the ground !

[1775] 28/3/2007 07:30

The risk/reward on this share makes it a very strong buy - even if they only produce 200 barrels per day when in full production [and I think it could be up to 4 times that] that would give them an income of over $4m. per annum and a profit of $2m at the current $62 per barrel.Any increase in production or oil price and this will fly up in multiples of the current price even without the expected extension licence.It could also become an easy target for another oiler who may have good licences but no income.Watch this space!!![current cap.is only £6m.]

[btut] 27/3/2007 20:34

Yes DOC i think your right,sounds like he,s a disilusioned investor,i think he should top up & not be too hard on his staff while things are not so good.Better times ahead.SOON