Cqs Rig Share Discussion Threads

[hosede] 08/6/2009 12:34

Sounds like it's been tipped as a recovery play somewhere - lots of small buys - 30k at 4p = £1200 - not exactly big bucks but it's moving the price quite dramatically

[mike_f] 08/6/2009 12:31

In the very short term there are huge gains to come here IMO. No resistance and currently ticking up on nearly every buy!!

[double6] 08/6/2009 12:28

Expecting to see AWR follow suit in due course.

[mike_f] 08/6/2009 12:23

And again lol Here we go... no resistance here...

[mike_f] 08/6/2009 12:21

Up again moving quickly!

[mike_f] 08/6/2009 12:20

Yes i agree that there is risk involved but the upside at this current share price is too much to ignore... You never know where the price of oil is going to go but a few analyst reckon it may stay up for the forseable future anyway! Multibagger potential here and i'm glad i'm in. GL

[hosede] 08/6/2009 12:14

Mike_F Also potential downside of zero. If the price of oil stays high enough to encourage exploration, then the rigs etc that are being built will be able to be sold or leased and the loans will be repaid. if the oil price falls back to $25 or lower then there will be a lot of defaults! Still its probably a fair gamble at this price. Manasged to bed and Sipp my holding at 1p on Friday - so a useful tax loss and potential recovery profits shielded from the taxman - helps a bit.

[mike_f] 08/6/2009 11:21

But so much upside it won't matter and the spread will tighten around the 6-8p mark IMO. GLA

[ozzmosiz] 08/6/2009 11:19

Nasty spread for anyone wanting to get in though!

[mike_f] 08/6/2009 11:09

100% UP :) Niice...

[mike_f] 08/6/2009 10:23

Been watching this for a while since it relisted and it looks a very good recovery play to me... Up extremely well today on very little volume and an easy target of 10p IMO. Watched it keep falling and jumped in today as i see this is starting to move now. GLA

[joe the plumber] 02/6/2009 21:06

volumes picking my slightly also a good sign market recovery inplace so a big turn around when and if it comes will be massive

[joe the plumber] 01/6/2009 17:31

Asset Loss improvement good sIGn

[mike_f] 01/6/2009 12:03

Considering a punt at this price, what do we think target price and timeframe would be from here? 5p in 2months possible?

[hosede] 21/5/2009 12:03

Just option money now - if it goes as low as 2p I think I'd take a punt on 100k

[steelwatch] 21/5/2009 11:41

Maybe you should phone. Just had a quote for 50,000, but over requires placing a limit order (sharedealactive - 0870 7702720)

[bellrobert4] 21/5/2009 11:29

i cant trade these on my barclays account.They dont recognise RIG..anyone else have this problem?

[steelwatch] 19/5/2009 16:36

CQS RIG FINANCE FUND LIMITED

(a closed-ended investment company incorporated in Guernsey with registration
number 45805)

Estimated Net Asset / Liability Value

As at the close of business on 18 May 2009 the estimated liabilities of the
Company exceeded the estimated assets of the Company by approximately GBP
4,178,647 million, equivalent to a shortfall of 4.29p per share

This information has been prepared by the Company's Investment Adviser and is
based on unaudited valuations sourced from third party brokers. Neither the
Company nor its Investment Adviser accept any responsibility for, and make no
representation or warranty in respect of, the accuracy of the information
provided, and neither is any implied. This information is provided for
indication purposes only.

[robizm] 19/5/2009 14:34

i was not in before but i would wait as it will take a while for the bond market to start moving. mm playing with spread

[hosede] 19/5/2009 12:39

Agree with you ROBIZM Certainly can't see any point in getting out - question is whether averaging down is a great buy or throwing good money after bad.

[loverat] 18/5/2009 20:28

Blimey - a 400% spread or am I seeing things?

Seems the greed in the marketplace is set to stay for now.

[pre] 18/5/2009 20:23

plenty of upside to be had here...mm's will move this up from this level imo....won't take much to shift this north imo, dyor etc...

[robizm] 18/5/2009 17:56

this one is a 18 months to 2 yrs play as assets under water by approx 7-8 million so have to wait for the bonds to recover/ mature. i estimate the bonds have a 70-80 face value. if there are 25% defaults and they get 60 million it could mean 20 million left in the pot for share holders or there could be nothing who knows

[jab118] 18/5/2009 16:33

seems your punts paid off chaps, no sell off at the close could be more to come here..