Falk IS. Hldgs Share Discussion Threads

[whackford] 08/12/2008 08:42

Greekman - just picked up the results. At first glance look good. FOGL still on track for end 2009.

Regarding NAV, new system requires FOGL to be accounted for at actual share price at BS date. Cash flow not as impressive as profit - will examine accounts to see what's going on.

[greekman] 08/12/2008 08:24

Results.

Good figures. Especially looking at The Equity shareholders' funds which at 30 September 2008 were £28.3 million (2007: £36.9 million) representing net assets per share of 312p....The shares at present are 200p per share. (2007: 436p per share).
Posative cash flow with an equally good cash strength position.
Even looking at these figures the current share price looks good.
No doubt the heights of the last 12 months were all the hype of the oil field activity. If/when these field do com onto line we will see these heights broken.
The reasons I chose this share is that even if these fields don't come in, they do have company value whereas those who are solely relying on these fields don't.
Any views out there.

[markymar] 30/9/2008 23:40

They hold for 3 years on FOGL

[omigod] 30/9/2008 23:35

What was the outcome of the vote then?

[whackford] 17/9/2008 14:03

You are right Mr Ramp. This seems to be dawning on FKL holders but the possibility does not seem yet to have made an impact on many FOGL holders.

Vote on 29 Sept will decide.

[eburne1960] 16/9/2008 16:09

Or they might sell to BHP or Shell.......!

[mr ramp] 16/9/2008 14:59

Agreed Eburne, but

What is worrying me, is the 15M FOGL shares which FKL own, if RAB capital
close their fund, or have people looking to redeem,because they don't
want to stay in for 3 years,RAB might be forced to offload some of their 37% in FOGL at a dicscount to the market.

[eburne1960] 10/9/2008 18:37

Decent AGM statement, sounds like the acquired businesses are doing their job making up for the lull in the Falklands before all the drilling starts!

[whackford] 01/8/2008 13:02

Markymar - thanks for sharing that with us. It's a good account of the picture imho.

[markymar] 01/8/2008 09:16

From Share Mag 30/7/08...Falklands Oil and Gas are not the most advanced for drilling and are not drill ready yet,the only one is Desire Petroleum,next on list is Rockhopper.

Falkland Island Holdings may
be known for its diverse operations,
but the main interest for
investors currently lies in its
16.3% stake in Falkland Oil & Gas. This
holding has been a major influence on
its share price over the past year. As the
date for drilling draws closer the shares
will probably attract speculative interest,
which may overcook the rating. It is
likely the group will use this as an
opportunity to crystallise its position by
top slicing its holding.
Falkland Oil & Gas is the more
advanced of the four companies which
hold licences to drill in the Falklands
waters, as it announced a partnership
with BHP Billiton last October. Drilling
is due to start by the end of next year,
and BHP may be in a better position to
secure rigs than other companies.
Falkland Island Holdings is also in the
happy position that it is a beneficiary
whoever finds oil. As the major retailer
in the Falklands with 60% of the market
it should clearly benefit from the
increased prosperity that will flow from
successful oil discoveries.
The group also has significant property
interests in the Falklands, which
could be set to benefit from a discovery.
The Upland Goose
Hotel is being converted
into 11 prestigious
homes, and Falkland
Island Holdings has
planning consent to
build up to 350 residential
units on the
outskirts of Stanley.
Although it currently
plans to build only 20
a year, the discovery of oil would lead to
a dramatic increase in this target.
Meanwhile the group has diversified
geographically by buying two UK businesses
– the Portsmouth Harbour Ferry
Company and Momart. Both are interesting
niche businesses. The Ferry company
is a local monopoly operating the
Gosport-Portsmouth
ferry service, while
Momart acquired
earlier this year, has
13% of the UK fine
art market, including
50% of the institutional
fine arts
market.
At 388p the shares
are selling on an historic
PE of 24.1 and offer a yield of
2.1%. They are likely to benefit from
continued speculative oil fever over the
next 15 months.
Shares view: The shares are an interesting
way to speculate on oil being
discovered in the Falklands.

[eburne1960] 12/6/2008 21:18

Results in a fortnight.

[7kiwi] 12/6/2008 17:18

Small number of sellers as DES's farm-in partner has not yet been announced, so further delays. But on 4,500 shares traded I don't think its a big worry.

[buzzyl] 12/6/2008 17:06

So why the rise, then the plateau and then a fall for two days? Anyone any ideas?

[eburne1960] 15/5/2008 11:18

7Kiwi, my only other FI holding is DES, so at least I have exposure in some way to both north & south drillings!

[7kiwi] 13/5/2008 23:05

eburne. I have a holding in all of the FI plays (well except BLT), and I do likethe 'pick and shovel' aspect of FKL as well as the holding in FOGL.

[eburne1960] 13/5/2008 21:35

Thanks 7Kiwi - forgot to mention that FKL was also tipped as a speculative buy in this month's Growth Company Investor which came out on the 3rd - personally, I think the price is rising because of a few people buying on the back of these tips in what is a painfully thinly traded stock. Mind you, the last time it started rising like this it then announced an acquisition. Can't see it getting directly involved in the drilling, its stake in FOGL is already enough! I've always looked on this as a low risk way into what is rapidly becoming a very speculative area, ie. if no oil is found then there is still a perfectly good company paying a dividend, whereas with all the explorers it's all or nothing. But if FOGL comes good, then FKL will also soar - heads you win, tails you don't lose too much.

[eburne1960] 13/5/2008 21:35

Thanks 7Kiwi - forgot to mention that FKL was also tipped as a speculative buy in this month's Growth Company Investor which came out on the 3rd - personally, I think the price is rising because of a few people buying on the back of these tips in what is a painfully thinly traded stock. Mind you, the last time it started rising like this it then announced an acquisition. Can't see it getting directly involved in the drilling, its stake in FOGL is already enough! I've always looked on this as a low risk way into what is rapidly becoming a very speculative area, ie. if no oil is found then there is still a perfectly good company paying a dividend, whereas with all the explorers it's all or nothing. But if FOGL comes good, then FKL will also soar - heads you win, tails you don't lose too much.

[7kiwi] 13/5/2008 21:16

Just thinking out loud. Given FKL has gone up strongly the past few days (much more so than FOGL) could it be that FKL is somehow taking part in the new acreage that DES (and/or DES's partner) is allegedly bidding for?

[honestjim2] 13/5/2008 20:18

7kiwi
Love it!

eburne, sorry for the delay in replying. Just read your message.
The gist of the write up is that FKL is a steady earner without the FOGL connection but it is obviously this that will impact the share price (hopefully positively) in the longer term. I get the feeling that the FI generally is on people's radar but they are afraid to tell investors to pile in but are using co's like FKL as a hedge if it all goes horribly wrong. Interestingly quite a chunk of the write up is about FOGL including a comment from David Hudd (who they met last month) who said that at the merest hint of success FOGL's share price could hit £40 - £50 taking FKL's share price with it.
FKL have a landbank of 37 acres with planning approval to build 350 homes and currently control around 60% of the FI's entire retail outlets.
~260p (6% of equity) of FKL share price is attributable to FOGL. Peel Hunt have forecast pre-tax profits of £2.8m for the current year(eps 22.3p).
I think that summarises the key points.

[7kiwi] 13/5/2008 19:51

At the risk of talking to myself:

[7kiwi] 12/5/2008 17:02

Whatever it was seems to have had a positive impact.

[eburne1960] 11/5/2008 13:39

Can you give a flavour of what SCSW are saying please HonestJim2?

[honestjim2] 10/5/2008 08:51

Tipped in this months SCSW.

[grgkecer] 29/4/2008 15:52

Global Petroleum Limited advises that it has disposed of a significant parcel of
Falkland Oil & Gas Limited ("FOGL") shares. The Company has sold 10,425,000
shares, representing 11.29% of the FOGL shares in issue, realising approximately
A$24.3M. The Company now holds 1,710,000 shares in FOGL representing 1.85%.