Engage Xr Share Discussion Threads

[thamestrader] 21/11/2003 15:40

Agree with your points bkkgogs.

Lots of potential in central asia, the stans, gulf/iraq, china, russia. And Expro will get their share (note that I resisted saying the Lion's share).

Iraq has a vast potential, but no-one's counting any chickens there just yet.

[spower1461] 20/11/2003 13:39

This plummeted after profit warning, but has bounced back almost as strongly.

Over 1M shares today traded above offer price - anyone care to advance a theory why this is so?

[loric] 19/11/2003 14:12

Find the best breaking stock news right here. This great find features the most up-to-date stock picks for your portfolio as well as amazing insight into stocks that are on the move. Impressive track record, no junkmail. Quite a find. These shares are traded exclusively in the US markets

[bkkgogs] 19/11/2003 14:09

If you DYOR you will know what is happening here.

The oilfield industry is a fickle market at the best if times. Althought this company is a big player it is nothing (in size) compared to the Halliburtons, Baker and Schlumbergers.

Expro have, in all intent pulled out of the Australia market which for the last few years has been thier Asia regional HQ. Australia based projects have lost a lot of income an projected revenue and this has contributed towards the latest RNS.

Europe an US remain difficult markets but.........


I believe that they will relocate thier Asia buisiness to the Middle East. This is the biggest exploration/production market in the world. Once they start to get a foothold this share will be back to previous highs (and more). May take a while but methinks the lion will roar again..


DYOR YADA YADA ETC............

[win2000] 18/11/2003 10:44

What is happening?? undervalued now?

[thamestrader] 08/8/2003 08:44

A few thoughts - I don't think any are new or exciting, and individually probably don't amount to much, but together they might explain the rise. Let's repeat them anyway.....

EXR has been tipped in a few places lately.

They have a new boss, Graeme Coutts (whom I have met on numerous occasions), and who has a sharp head on his shoulders (no, not a conehead).

Their market/margins have been tough in recent years, but has stopped getting worse, may even be improving. Increasing opportunities in Russia, the Stans, Iraq (where the US wants to make a point of using some British input), Iran (where American competitors cannot work).

It shouldn't have gone down as far as it did in the first place.

[cantab] 07/8/2003 00:09

Anyone care to speculate on the recent price rise? I suppose it could be price correction following the drop earlier this year, or is it the possibility that EXR are vulnerable at this kind of value? If you compare the market cap of EXR now with what it was a year ago, and do the same for Wood and Abbot it either means that Expro was overpriced or it's now extremely good value.

Does anyone else have any thoughts (or even some slightly better informed theories, which wouldn't be difficult!)

[haystack] 05/8/2003 23:32

EXR was picked today by the Robot Stock Picker for tomorrow's. See what is said about it.

[thamestrader] 25/7/2003 18:36

Actually the spread's not as bad as it looks. You can usually buy for less and sell for more than the prices shown.

[cantab] 25/7/2003 16:45

Edgark - it's set by the MM's and I think the only logic to it is that because the share isn't heavily traded they want to make plenty of money on each transaction hence the large spread. Of course you could argue that the large spread prevents trading so if they reduced it they would have more transactions and still make money, but that's why they're market makers and we're mere traders! Let's hope the climb continues though, can't see any reason why it shouldn't.

[edgark] 25/7/2003 11:09

And I still don't understand why this share has a spread of between
15 and 20p all the time. Who sets it, and what is the reason for it?
Seems to me it just discourages buyers.
Anyone any idea?

[edgark] 25/7/2003 11:05

I really shouldn't say this, but there seems to be a nice upward trend
developing here. Got in at 2.20, wish I'd bought more!
good luck

[thamestrader] 29/5/2003 11:28

I assume today's drop is nothing more than some healthy profit taking (took some myself at 286p last Friday).

[thamestrader] 23/5/2003 08:41

I wonder if this outfit's gonna pick up some Iraq work? If only as subcontractor to Halliburton - a competitor in many respects.

[cantab] 23/5/2003 00:55

Still around, and like you I'm enjoying the ride! I just don't have a good history when I start talking about my shareholdings so I find that if things are going well it's best to keep quiet!

Let's just hope that this carries on after the results, as I suspect that a lot of the rise is probably due to people speculating on the fall being overdone and hoping that some value will be restored next month.

[edgark] 22/5/2003 16:06

Bought into these last May when a 'friend' gave me a 'tip'
they were at a fiver, bought in again recently at 2.20 and
overall now just in profit, so, yes, Im enjoying the ride now,
at last!
I'll have to learn to sell instead of hanging on for long term.

[thamestrader] 22/5/2003 09:37

...and STILL she rises!

Am I the only one enjoying the ride?
You still here Cantab?

[thamestrader] 20/5/2003 10:53

Anyone who (as I did) bought at the recent dip will now be showing a 20% profit.

Price edged up further 2.7% today despite negligible volume. Must be something going on behind the scenes.

[thamestrader] 15/4/2003 09:39

Baker Hughes issued a profit warning today, citing understandable slowdowns in Venezuela, Middle East, Nigeria, and also US GOM. Expro and others will not be immune from these effects.

[cantab] 14/4/2003 13:41

Nice one Thamestrader. I'm currently holding Expro for the long term so whether the business performs or one of the big players come in for a takeover I expect to see my investment increase, but it's good to see someone doing a bit of background work on a company that isn't highly traded.

[thamestrader] 14/4/2003 11:07

Well spotted, it's Baker Hughes. The rest of your post is right too, I don't think any of them are in the mood, or equipped, for such a takeover just now.

BH already work with Expro on many integrated projects, and recently formed a JV for specialised services (see RNS). BH got out of wireline years ago, which made sense at the time. Things have changed since. Come to think of it a 3-way merger BH-BJ-Expro would be right up there amongst the real big boys - Hal and Schlum.

Wood Group has recently got out of its downhole logging business, so I don't think they'd be interested.

Weatherford aquired Petroline, Wellserv etc. a few years back, but could add Expro for a high end services. Probably over-expanded for now though.

[cantab] 14/4/2003 10:40

OK Thamestrader, I'm intrigued. Who needs Expro but doesn't yet know it (whisper it quietly and I'm sure it won't give the game away!). I can see that there would be lots of good fits out there (Baker Hughes, Weatherford, even Wood Group) but let's face it, none of them are having the greatest of times at the moment either so they're not likely to be looking at an acquisition the size of Expro at this time.