Falk IS. Hldgs Share Discussion Threads

[craftyspeculator] 11/2/2010 21:38

Great trading update today ... firing on most cylinders

[scrapman] 01/2/2010 09:53

Any way of trying to establish what or how all this activity is going to benefit FKL financially , with or without a good drill result ,

it seems ther must be some benefits for them ,

any one in the know on the ground ??

[edjge2] 26/1/2010 18:49

yanks like airstrip access there, as in Maggie T's time, and now oil potential. Guess some sabre rattling before Arg want a show or not. Probably Arg politics.

[goldenshare888] 22/1/2010 09:00

Or Argentina have issued the repossession order!!!

[scrapman] 22/1/2010 08:45

looking at the trades I am hoping they are stop losses being triggered and that there will be a nice little buy order later in the day to "conveniently" mop all those up

[scrapman] 22/1/2010 08:24

bit of an exaggerated knock this am , hope it is just a ploy to shake out a few weak holders , and not something more sinister

[jonno1] 18/1/2010 18:11

ha ha

Minister rejects Argentina's latest Falklands claim
15:58 GMT, Monday, 18 January 2010


The government has firmly rejected the latest claim by Argentina to sovereignty over the Falkland Islands, MPs have been told.

In a written statement, junior Foreign Office minister Chris Bryant said the UK had "no doubt" that the Falklands belonged to the UK.

Argentina passed a law in December claiming to own the islands and several other British overseas territories. The Conservatives gave their "full support" to the government's response.

Argentina and Britain went to war over the Falklands in 1982, and despite the former's surrender, the South American state has maintained claims to the islands ever since.

Rejected talks

Mr Bryant said the Foreign Office had delivered a "note verbale" to the Argentine charge d'affaires in London to outline UK rejection of the claim. It insisted that the Falklands, along with South Georgia, the South Sandwich Islands and the British Antarctic Territory, all remained firmly under UK sovereignty.

Shadow foreign minister David Lidington added that the Conservatives would "condemn attempts by any foreign governments to assert otherwise".

In March 2009, Gordon Brown rejected calls from Argentina for talks over the future sovereignty of the Falklands. He turned down the request for discussions at a meeting with the country's president, Christina Fernandez.

Impeccable Timing there Argentina...

[scrapman] 18/1/2010 13:23

Hi Maverick , apologies just seen your question , as already said FKL are based in the Falklands and are involved in property , development etc in the Islands , check out their website for full info .

Significantly , they still retain a decent chunk of FOGL so it really is a two way bet

[scrapman] 14/1/2010 17:02

bit surprised there is not more action on here , with all the recent euphoria with the oilies , if/when the news comes in I am sure this is going to get a lot of attention

[snurkle1] 21/12/2009 13:26

Courtesy of Miklos10 on III

With a GDP of around £45m,
the Falkland Islands are poorer
than most English market
towns. But that may be about to
change. Under deals signed with
several oil prospectors, the
Falklands will get a 21%
corporate tax and 9% royalties
on all oil and gas produced
around the islands. With up to
60 billion barrels of oil off their
shores, that could make the
islanders – and investors – very
wealthy indeed.
Drilling started, then stopped, near the islands in 1998 because
Shell and others decided it wasn't profitable at the time. Since
then the oil price has surged from $10 a barrel to around $70
today, making even deep-sea oil a more economical proposition.
Last week, a drilling rig began its two-month journey from the
Cromarty Firth in Scotland to the south Atlantic, where Desire
Petroleum will start drilling in February. Explorers such as
Borders & Southern, Rockhopper and Falkland Oil and Gas
(which is up around 45% since we tipped it in July) are raising
money to fund drilling programmes expected to start next year.
Piggybacking on their expected success is Falkland Islands
Holdings (Aim: FKL). This Aim-listed group was established in
1851 to trade in everything
from sheep to shipping.
It now runs a Land Rover
dealership on the island, a
hotel, retail outlets and the
main shipping link between
the Falklands and Britain.
It recently made a £3.1m profit
by selling three million shares
in Falkland Oil and Gas.
But this represents just 20% of
its holding. So if the oil firm
hits big in the South Basin, to
the east and south-east of the
island capital Port Stanley,
FKL should benefit.
Of course, the risks are great. At 1,400 metres, the water is
deeper than in the North Basin, where Shell found oil back in
1998. The need for wells that deep, "and in the sort of weather
which might make the inhospitable North Atlantic west of the
Shetlands seem attractive", means getting at the oil won't be
easy or cheap, says Robert Lea in the Evening Standard. But
that's one reason why FKL is an attractive way to play the story.
If any one of the explorers is successful, "it is fantastic news"
for the firm, says Andrew Nussey at KBC Peel Hunt. An oil
strike would mean a jump in demand for infrastructure and
housing on the islands, both of which the group is exposed to.
Bad news on the oil front would hurt the share price, but it's less
exposed than an individual oil stock.

[snurkle1] 21/12/2009 08:31

Morning all.
Did anyone read the article in Moneyweek this weekend.
Can't copy and paste it unfortunately, but it was a good write up and it wouldn't surprise me if we'd see a few more buys today.

[alice100] 17/12/2009 15:10

This has had an incredible run, and I really regret not buying a shed load a few months ago when I nearly did! Grrr! Watching this like a hawk now. Still think as a long term bet this could be the best if you had to pick one share in the Falklands.

[edjge2] 15/12/2009 20:58

A bit of selling kills this easily as buying boosts it. Suspect it will rise for us in due course. 600p a bit of exuberance but it is that time of year. Best Solomon's out. More for us to buy at better prices!

[gwr7] 15/12/2009 19:22

IC article over-egged it a bit as FKL don't own the port and there will only be one or two rigs with crews. Boom will come if oil is found (the gold rush started after gold was found).

[grgkecer] 15/12/2009 15:46

He is retiring at the end of the year.

[snurkle1] 15/12/2009 15:20

Another load dumped by Solomon. That's nearly 100K in total.
I wonder what his motive for selling is. Expensive X-mas presents perhaps.

[honestjim2] 14/12/2009 21:10

edjge2
Not complaining at lift off either! Nice to see so soon as my timing isn't great usually. Bring it on! 600p sounds good by Jan.
Definitely worth holding for a year or two, particularly once the drill bit hits the black gold! With the exception of POG I'm invested in the FI only.

[paulbjboot] 14/12/2009 19:54

Have there been any Broker/Analyst ratings/comments on this share in reent times?

[edjge2] 14/12/2009 17:16

HonestJim2: Surprised at lift off here. 600p by end of jan next is mine? Anybody want to open a register to see who can get it nearest? Happy to hold for a year or 2 to see what squirts up if any. Fun for us all eventually. Perhaps why Maggie defended them, apart from US wanting the air strip access.

[snurkle1] 14/12/2009 15:44

Mr Solomon must be desperate for cash.