Essar Energy Share Discussion Threads

[west coast trading] 14/9/2012 08:55

perfect double bottom on l/t chart, possible huge gap to fill to 300p area if 150p can be taken.

[thelongandtheshortandthetall] 14/9/2012 07:33

lovely jubly

[dr_ex] 13/9/2012 16:15

the trend is your friend. IF it has changed, then it could be a very profitable trade.

[tamboerskloof] 13/9/2012 15:38

Your welcome - must dash for train, have a nice evening.

[duxy786] 13/9/2012 15:37

Tamboerskloof RE: 864, GREATLY APPRECIATED, THANK YOU.

I will be looking further in to the financial of the company, assets and investments and technical data before investing here.

[tamboerskloof] 13/9/2012 15:21

Any decision on dividends will be taken by the board and will take into account profitability, underlying growth, capital requirements and cash flow. Essar Energy is primarily a growth company at present - the focus of our strategy is to reinvest available cash flow into our major portfolio of growth opportunities. As a result, Essar Energy does not pay a dividend at this time.

[duxy786] 13/9/2012 14:55

Tam - Thanks for the input, am new to anything FTSE relates. Have invested/traded in AIM Natural resources and Tech sectors for 10+ years. You advice/help in this area would be very much appreciated. What are growth stock and what do you hope to achieve as a long term investor?

[tamboerskloof] 13/9/2012 14:40

Duxy- You obviously dont know very much as ESSR do not pay a dividend, it's a growth stock. best regards--Tam.

[duxy786] 13/9/2012 14:29

Dr_EX, I was planning to do the same...on the notion of it breaking 105, it was looking at a reversal, I however, opted out! DAMNIT!

Looking to add this to my PF here but on fair value between 95-110 MAX - £20-30K chunk...with the issues in India and Globally, I dont see a multi-fold return here for a long while. What is the current return on dividend of ESSR?

[dr_ex] 13/9/2012 13:38

i bought at 101 and 105 on pure luck yesterday . chart looked like a reversal.

didnt buy enough though, pay for some Nandos chickens, so cant argue with that.

[noon] 13/9/2012 13:34

take profit, if any and

wait and see.

Essar Energy (LON: ESSR) had its neutral rating reissued by analysts at Arden Partners Ltd. They currently have a 127p price target on the stock.

[dr_ex] 13/9/2012 13:32

so its buy on the news, or shorts all closing now.

either way its going up. gonna buy the dips above 98

[duxy786] 13/9/2012 13:29

astronishing spike up after 305 breakout!

[ninja 19] 13/9/2012 13:20

what's happening with this pile of dung

[noon] 13/9/2012 13:19

The Supreme Court (SC) has asked Essar Oil to pay Rs 5,200 crore tax dues in eight tranches to Gujarat government.

[topdoc] 13/9/2012 13:15

looks like 124 may be here sooner than expected.cmon desis

[dr_ex] 13/9/2012 13:14

im selling a few at 140.

bolly bands have been very tight. could be a nice move .

[topdoc] 13/9/2012 10:00

target 124 next.it could go under ?!!!! i doubt if the "desis " will allow it to go bust mate

[hvs] 11/9/2012 09:47

It could go under ????

Any opinion ?

[topdoc] 10/9/2012 09:35

110 getting closer

[woozle1] 06/9/2012 06:37

I think I'll wait for the cash to improve

[woozle1] 05/9/2012 15:03

I've been cutting a very large position in recent days. Although the long term story is a good one, the balance sheet is very weak.

[fangorn2] 05/9/2012 11:53

Definitely one to watch.Long term this could be a decent play on India's rising living standards/large population and subsequent surging demands for electricity.

Think I might wait till the outstanding "back tax" issue has been settled.