Essar Energy Share Discussion Threads

[noon] 20/3/2012 08:41

Get out if in profit and re-think later on, IMO.
NOW above 147p.

[stavros28] 19/3/2012 18:19

Software comes up trumps again.

Stavros

[woozle1] 19/3/2012 17:31

This is worth potentially a lot more than 150. It's forecast to do earnings next year of 25-30p, as three power stations will be substantially completed during H1 2012 and that 2013 will see the full year benefit of this capex. Management have said that the capex will be scaled back until they get approvals for the coal mining operations (and in the meantime they aren't paying duties on imported fuels) and which means the free cash yield on the shares should increase substantially. Applying a p/e of 15, once investors have bought back into the Indian power story, values the business between 375 and 450.
W

[penycae] 19/3/2012 17:26

Resistance at 150? From where?

[dr_ex] 19/3/2012 16:03

sorry about the lang.

im going to sell now, resistance at 150 i reckon

30p is enough for me.

[hvs] 19/3/2012 14:23

Have a kebab and get a free haircut. lol !!!!!

[stavros28] 19/3/2012 12:52

Think we have the bottom ? of course we have check the software dudes. lol

Dr Ex language!



short 5x puts long 5x calls last week synthetic position looks a good play

Stavros Loads a money Bull.

[shugsy] 19/3/2012 12:02

Massive move over the past few days.

resistance at 137 and 160.

[stavros28] 19/3/2012 09:13

Bottom is in !

Stavros

[woozle1] 19/3/2012 07:17

It should do well. The Indian gvt also announced a holiday on import duties (for two) years on imports of gas, oil and coal. This should be good news for Essar Energy businesses.
W

[minky65] 19/3/2012 07:10

ESSR begins life outside the FTSE 100 today , will be interesting to see how this effects the share price.

[woozle1] 17/3/2012 10:15

Anyone know if there was something said in the Indian Budget yesterday that would have caused the share price to jump.
W

[woozle1] 16/3/2012 19:53

Just because it's bounced doesn't mean that it's not going to blow up. It's definitely a risky play. That being, an upside to 2-3x the current share price makes it an attractive play. I've not bet the house but I'm in play.
W

[sparky333] 16/3/2012 16:41

Wow 15M buy in the auction at 124.9

gonna be interesting monday

[penycae] 16/3/2012 14:43

Seems to be a lot more upside potential. Might get out of some stuff and buy paper here. Cheap enough to acquire a decent sized holding without margin.

[the ballcock] 16/3/2012 14:32

Lovely, sold out before the rise again :(

[tday] 16/3/2012 13:21

He thought this was the ESSO bb!