Falk IS. Hldgs Share Discussion Threads

[keithfagan] 09/2/2005 12:49

If anyone wants to cringe today please check the following link. Don't say I didn't warn you though!!

[keithfagan] 09/2/2005 12:25

I would have thought the PHFC Shareholders would have some legal recourse because of this. I have not seen any RNS to say that FKL own 100% of the shares in PHFC and if this is the case then it surely damages relationships with shareholders.

[britishbear] 09/2/2005 11:56

Seems to well organised - 2 directors selling at the same time. Sometimes (like with AFN recently) the institutions want shares so ask the directors to sell to them directly. This increased liquidity and lowers the control of a few directors (a good thing) so this could be positive if it was not for the fact that the deal was done at a level so much lower than the current share price

[64bit] 09/2/2005 11:54

don't panic !
no way the market could absorb 400k sells..
..those shares have gone somewhere.. wait for an SAR notice..

[roscopc] 09/2/2005 11:50

Didn't LS Licht used to be a high flyer for Mercury Asset Management. I believe he is renouned as a great stock picker. The fact that he's sold a few, but still retained a sizable stake is surely good news? It may be he sold for purely innocent reasons. Like another instituion wnated them!

[grgkecer] 09/2/2005 11:37

The PHFC acquisition valued the shares at £5.

[keithfagan] 09/2/2005 10:36

BB I am wondering where they off loaded them. If it were another investor wouldn't we have seen an X trade? If the broker wants to make even a moderate profit they can sell them for todays price and make quite a killing. Problem is that would kill this stock for ages as 400k shares in this company is a big deal. LOL, I don't think I have seen that many traded all together over the past 3 years.

I have a small holding and a lot of money tied up in other penny shares. However if this dropped to below £5 I would look to buy more as it will rise again quite rapidly.

I bet Sir Harry Solomon is laughing all the way to his next Pimms.

[britishbear] 09/2/2005 10:28

KF - I wondered why you did not seem to stressed by the £4.50. To place that many shares meant they had to take a major discount. Shows the liquidity issue is a problem.

Question is: were these shares "placed" with institutions or just with the broker who will sell them on. Given they make a profit on anything above £4.50 the latter would not surprise me.

[hyper al] 09/2/2005 10:23

What idiots!

Obviously don't care about other share holders.

[keithfagan] 09/2/2005 10:17

Would help if I read the RNS before opening my mouth! Well we can look for a fall to the £4.50 level then thanks to these idiots. Mind you I have been looking for a decent buy in level so this may be it.

[britishbear] 09/2/2005 10:11

A placing by itself can be good news - aids liquidity etc. The question mark is over WHY £4.50 which is quite a discount to the current price.

This is obviously what the "city" think the share price should be, my fear is that it soon will be.

Will continue to hold anyway

[keithfagan] 09/2/2005 09:56

I can see why they would need to do it as there are few shares traded generally. If someone wanted to buy a significant stake it would be a hard task if they couldn't get a major holder to sell.

Pure supposition and probably way off the mark but you never know. FKL has grown in strength and has sound management. Just the sort of company to be in for the future IMO.

[currypasty] 09/2/2005 09:14

quite a severe one at that !

[keithfagan] 09/2/2005 08:52

This smacks of a tree shake. I can see no reason for the stock to fall in such a dramatic way. FOGL is up this morning and, despite a fall yesterday, FGML is holding steady at around the 40p flotation level.

[keithfagan] 19/1/2005 08:46

Be strong. This has had some very acute rises and falls since the middle of last year but always recovered well. Far from being the old single entity company it was it is now diverse and has strength in depth.

Yes there is a concern that if Oil and Gas don't perform this will cause a problem. However I see them buying more while the price is strong making the other companies less of an issue in case of any problems.

[britishbear] 18/1/2005 18:13

Its a longgggg way down - gulp. Holding on for the ride though as one big deal from DES, FOGL or the gold boys and this will fly.

[currypasty] 18/1/2005 18:03

looking a little weak !

[specul8or] 18/1/2005 18:00

Low head and shoulders on the right formed. If no news comes then the next support price is 500 IMO. Could see a 500 to 550 trading range next. Ouch!

[keithfagan] 18/1/2005 14:54

42000 sold. That is the biggest single trade for an awful long time on this stock. Accounts for over.5% and nearly £1/4m. Seems strange as the price has been fairly stable around the £5.75-£6.10 mark for a while, FOGL is doing well, FGML while not astounding is stable and the takeover of PHFC has gone through. Interesting times ahead for FKL IMO.

[britishbear] 12/1/2005 12:58

Its a long way down according to the Long Term chart above. Bounce all related to FOGL's and Falkland Gold share price and DES action - quiet there so quiet here.

Tempting to buy more but into cement the moment (ENU)

[currypasty] 12/1/2005 12:51

due a bounce off 600 ?

[grgkecer] 04/1/2005 13:16

In South Africa platinum exploration has continued apace despite the winter break, as Southern African Resources (SAR) unveiled further positive results from the present drilling programme at its flagship platinum project on the Leeuwkop property. The 4,600 hectare site lies on the western limb of the Bushveld Igneous Complex, with SAR confident of success. The company says it has appointed a number of new members to its senior management team as part of its exploration development, with particular emphasis on expertise in the platinum group metals sector.

Meanwhile, SAR also announced its results for the six months ended 30 September 2004, outlining its plans to accumulate a large pgm resource base on the western limb of the Bushveld Igneous Complex. Chairman Phil Edmonds said the firm would aim to upgrade the status of these resources via "an aggressive drilling and evaluation programme", and was also seeking to acquire and explore new pgm prospects in southern Africa.

In North America, Champion Bear Resources confirmed that it had raised new money for pgm exploration as a result of the private placement of 800,000 flow-through common shares. The shares have generated more than $640,000, with the company now planning to use the funds to develop its exploration programs in Sudbury, Ontario, with platinum group metals chief among the targets.

Canadian exploration outfit Fieldex Exploration has also generated funds for new projects after commissioning Haywood Securities to act as agent for its private placement. The issue will raise up to $1 million, which the platinum group metal firm says it will use to meet Canadian exploration expenses on its properties in Quebec.

Elsewhere, the Falklands Islands have become the latest potential location for new pgm prospects, after permission was granted to Falklands Gold and Minerals to begin a programme of exploratory drilling. The move, reported by MercoPress, means that the firm can push ahead with plans to search for gold and also pgm resources. The firm says that the directors are confident of finding gold and believe other samples from elsewhere in the licensing area "contain indicators of minerals including rare earth elements and platinum group metals". Stage II of the company's exploration strategy will concentrate on seven different locations in the East Falklands.

[keithfagan] 24/12/2004 09:33

Hope everyone has a great Christmas and New Year. Eat, Drink and be Merry.

[britishbear] 22/12/2004 11:43

Agreed - its all sentiment. Holdng and looking to top up.

FKL needs FOGL and the gold company to do well to get a serious rise in the share price Even DES doing well will help imo.

This is a classic hedge and happy to hold FKL and FOGL for now.

[keithfagan] 22/12/2004 11:13

I reckon this will drop another 20-50p and then it will be time to buy in. FOGL has been dropping like a stone for a couple of days and this has affected the price, so has the lack of performance of FGML.

The New Year should see initial real time survey indications from FOGL plus drilling starts on FGML. Then we will see the rises if the results look positive.