Falk IS. Hldgs Share Discussion Threads

[robson1974] 30/6/2010 14:57

Looks like Simon Cawkwell is a fan of FKL

[daicaprice] 30/6/2010 12:08

FOGL spiking today!! False dawn or news?

DC

[the black spanner] 29/6/2010 20:04

Utter codswallop... including the header!

[chrisoil] 29/6/2010 14:05

mronion.

you sure they are parting ? or is this a ramp ????????????????????

Interested to know your expanded thoughts on the situation regarding BHP, FOGL and FKL ......................

[robson1974] 29/6/2010 08:43

FOGL 240p

That is an increase in value to FKL of £5m which is not reflected in the current share price IMO

However a find of any magnitude would not just put a fire under FOGL it would make FKL's property shipping interests worth a hell of a lot more.

[robson1974] 28/6/2010 23:26

FOGL gets a good rumour-mongering mention in The Times

After Falkland Oil and Gas shares surged by more than 43 per cent, the company was forced to issue a statement saying that it knew of no reason for the rise. That cooled the appetite for the shares somewhat, though they still closed 22p higher at 222½p. Rumours suggested that the company, which is drilling for oil off the coast of the Falkland Islands, had ordered metal liner for its well, which could indicate imminent production testing. That, gossips reckoned, was expensive and would be done only if oil had been struck.

[daicaprice] 28/6/2010 18:14

Should be hitting highs, FOGL recovered but we didn't. Still very happy LT.

DC

[robson1974] 28/6/2010 16:05

It was a bit of a lagged and damped response. I do like these sort of plays. I reckon OHM could react very well if FOGL do strike oil at Toroa as OHM did the CSEM survey.

[gdennett] 28/6/2010 13:11

FOGL up 30%!!!

[whackford] 27/6/2010 07:23

Thanks Robson for both broker views.

[robson1974] 24/6/2010 23:31

Falkland Island Holdings (FKL)* Core Recommendation: BUY

(Market cap: £45.1m, SP: 500p, TP: 558p (473p), PER Mar-11E 26x)

Last Different Rec: n/a

Event: Prelim results.

Altium view: FKL has reported a good set of results at PBT £2.7m/22.0p EPS, 13% ahead of our expectations at the earnings level and 16% ahead YoY, a good achievement, all the more so against the difficult economic background, which has affected all three of the businesses to some degree. All three businesses succeeded in raising operating margins and group margin was 170bp ahead YoY at 10.7%. Net borrowings were £0.5m below our expectations, at £1.5m. The dividend was raised 12.5%.

Implications for estimates / valuation / recommendation: Given the overall economic framework, we are retaining our forecasts unchanged at the PBT level, but have slightly reduced our net debt expectations. We have raised our valuation on: (1) reassurance in the better than expected and (2) the rise in the FOGL component (with a resulting lower imputed PER if FOGL is removed). While the multiples are heady, we believe the stock offers the opportunity to invest in a speculative area, while retaining a robust underlying value. With FOGL currently drilling the Toroa prospect, further newsflow is anticipated. However, the good recent results in the Northern Falklands basin are an underlying driver for increasing confidence and indeed an improving economic groundswell in the Falkland Islands generally, which benefits FKL. Buy.

Nick Spoliar

[mr hangman] 24/6/2010 11:29

Cezary, Falkland island holdings, that's why we are in this, for the
Falkland Islands & the money that might be made out of oil exploration,
if we wanted gold we would all buy a Gold Exchange traded fund.
It's a shame when this gets mentioned in tip sheets total idiots turn up

[noirua] 23/6/2010 17:48

A big Beechers Brook fence coming up for FOGL at Toroa tends to overshadow FKL's annual results. Many may be looking for an early announcement as at Rockhopper - 24 days have passed just 6 days left.

[robson1974] 23/6/2010 15:39

I am guessing FKL management do not want to be too explicit about the great prospects and opportunity ahead of them prior to the likely significant price moving Toroa result and so as not to alert others whilst they go about their own plans.

[cezary] 23/6/2010 08:26

Forget about the charts robson. If FOGL hit paydirt then FKL price will rise, if not those 12 million shares might be worth nowt!!! and could be £12m quid off the bottom line. I'd rather see them sell half their holding in FOGL and buy Gold.

[whackford] 23/6/2010 08:02

I like where Hudd says "...It is your Board's intention to retain a very substantial holding in FOGL while the exploration programme continues". This is very sensible in light of RKH and potentially more NFB success, since eventually most of FOGLs acreage should get explored - even if FOGL don't get a hit in 2010/2011. Thus, FKL excellent long-term hold.

[babylon3] 23/6/2010 07:59

Like it - divi up as well.

[sagem] 23/6/2010 07:48

Market makers keeping a lid on all stocks,,,they want you to buy all the time but dont want you to sell in case you might maker a profit instead of them.

[divinausa1] 23/6/2010 07:32

robson1974 - 23 Jun'10 - 07:19 - 177 of 180

=====
so they are undervalued i can name 25+ companies on AIM that are undervalued just the same to their net asset value.


join the club....

[daicaprice] 23/6/2010 07:24

Better than expected and a great prospect for years to come.
Well done FKL.

DC

[goldrush] 23/6/2010 07:23

SAGEM

Pleasant reading indeed.