Eland Oil & Gas Share Discussion Threads

[adg] 16/4/2019 10:26

doesn't seem to want to break 134p no matter what

[nicky21] 07/4/2019 13:43

another nigerian stock with huge potential.


if anyone looks at the charts we are due a massive reversal.3 month and 1 year chart.

[peterc1970] 03/4/2019 09:19

There was some sizeable volume yesterday,about 8 times average volume and the buy backs continue to support it. There is what looks like a potential Cup and handle break if it closes above 131.

[gconvery] 02/4/2019 13:51

Nice move up at last and should see an assault on all time highs...

[newtothisgame3] 28/3/2019 06:18

#ELA #Eland shares growth bounty with investors
Nigerian oil producer boosts buyback alongside record results

[alotto] 20/3/2019 11:44

gcconvery strange the way it works sometimes. I will never understand these dynamics

[gconvery] 20/3/2019 07:34

Well the results look good so no doubt this will go down!!

[gconvery] 19/3/2019 15:49

Results tomorrow I believe....should be good?

[alotto] 14/3/2019 08:06

I was expecting a movement in the share price today...

[podgyted] 14/3/2019 07:25

Large increases in reserves + money to get it out. All good.

[alotto] 20/2/2019 19:20

Shallwe so you got it right bru

[shallwe] 20/2/2019 13:53

I got dissed a year or so ago on the LSE board for daring to suggest that ELA may pay a dividend in the future.

[alotto] 20/2/2019 10:46

2% for a start is not bad at all.

[podgyted] 20/2/2019 10:36

You will get people who will be disappointed by this announcement - keep the money go full-tilt to find the black stuff.

[podgyted] 20/2/2019 10:34

Not great, but a start, and probably a reasonable level for a company still involved in substantial exploration.

[alotto] 20/2/2019 08:42

Now it started paying dividends

[podgyted] 09/2/2019 15:01

Not at the moment.

Think you might see this addressed/discussed in the year end accounts.

[alotto] 09/2/2019 14:44

Has Eland a plan to start paying dividends?

[alotto] 06/2/2019 22:31

cheers, much better.

[podgyted] 05/2/2019 10:23

Eland got into the AIM 50 because of it's recent share price performance and the liquidation of Pattiserie Valerie (CAKE) therefore a slot became available.

Recent Buyback activity suggests Eland will buy at 125p or lower, theoretically giving a floor to the share price. They said they started the Buybacks because the shares were cheap (then @108p). IMO they are still cheap at 125p.

That better?

[alotto] 02/2/2019 21:12

Podgyted in simpler words?

[podgyted] 02/2/2019 15:22

January BB totalled 158,855 shares at a cost of £197,493 (av 124.32p).

Gives total of 1,115,669 shares at cost of £1,235,412 (av 110.73p).

Purchases since 17/1/19 have been at 125p or slightly under so this seems to be the floor. Seems a bit unambitious to me given a PER of 3.

[podgyted] 24/1/2019 06:52

That and the demise of CAKE.

[alotto] 23/1/2019 18:43

awise what does that imply? that the market cap has gone up due to the latest share price hike?