Falk IS. Hldgs Share Discussion Threads

[greg the grinch] 26/8/2004 08:45

someone knows something
shell to put in bid for fkl lock stock squid and barrell?
why would the argies go to war when they can buy most of it for the price of a few exorcets?
Gold in them thar hills?
Black gold under the sea?

[aly48] 25/8/2004 16:50

Well done tingtang, there is nothing better than a free ride, enjoy it.
I like the ups and downs of FKL, makes it more intersting though goodness knows what will happen to the price when it gets busy on here!

[cezary] 25/8/2004 16:42

Ye Greg,...Up and away

[greg the grinch] 25/8/2004 16:09

goin higher!

[keithfagan] 25/8/2004 15:59

Well tingtang I wish you well and I reckon you will be back in on any retracement.

I have been waiting for some extra funds for about 4 weeks and the delay has cost me dear but I do see this climbing still further. Although there may be some retracement due to profit taking the shortage of shares still makes this a very attractive prospect. IMO we will see a retracement to around the £4.60 level before a further surge after the full survey results are published. I still reckon on £10 plus next year depending on the results.

I just hope the nice bank people release the funds before another opportunity disappears!!!!

[tingtang] 25/8/2004 15:09

Must say this move has rocketed the share price but at 520p mid it has now attained too high a level of blue sky at this present stage, can't imagine what the p/e must be now.!

Have cashed in original stake plus a bit of profit and have a few left now to enjoy the ride. Hope there is more left for the next man.

Good luck to all holding.

tt.

[grgkecer] 24/8/2004 13:11

RNS Number:2648C
Portsmouth Harbour Ferry Co PLC
24 August 2004

24 August 2004

Portsmouth Harbour Ferry Company plc ("PHFC" or "the Company")

Approach rejected from Falkland Islands Holdings plc ("FIH")

The Company informed all shareholders recently of the positive news that the
Portsmouth Harbour Tunnel Project, known as the Light Rapid Transit System, had
been abandoned by Central Government and, therefore, it represented very good
news for your Company, both in terms of the removal of uncertainty and also the
subsequent enhanced value that can be attributed to your investment.

On the 27th July 2004, the Company was informed that FIH was considering making
an offer for the Company; however, to date, no firm proposal has been received.

On the 23rd August 2004, FIH indicated that it was considering offering six FIH
shares for each share in the Company and might also be prepared to offer a cash
alternative at a level of around #20 per share.

The Board of the Company, who are being advised by Grant Thornton Corporate
Finance, consider that this unwelcome approach significantly undervalues the
Company, particularly in the light of similar recent transactions in the ferry
sector. Accordingly the approach was firmly rejected and shareholders are
strongly urged to ignore any approaches, announcements or documents which may be
made from, or issued by, FIH and not to sell their valuable PHFC shares at this
discounted level.

The Board of the Company will continue to keep you informed of any developments.

Enquiries:
Michael Wright Brian Stockbridge / Gerry Beaney


Chairman Grant Thornton Corporate Finance
023 9252 4551 020 7383 5100

[aly48] 20/8/2004 19:32

Good citywire article on FKL


Falkland Islands Holdings to float oil venture
Published: 17:50 Fri 20 Aug 2004
By Graeme Davies, Companies Correspondent

Falkland Islands Holdings, the company in which top private investors Leonard Licht and David Kirch have stakes, has announced plans to float its latest venture, an oil exploration company.
In June Falkland Island (FIH) formed Falkland Oil and Gas Limited (FOGL) as a joint venture with Australian oil company Global Petroleum and Aim-listed UK hedge fund operation RAB Capital. It now plans to float the company within the next couple of months raising £10 million along the way.At present RAB (RAB) owns 45.4%, FIH 28.9% and Global 25.7% although these will be diluted by the fund raising. FIH chairman David Hudd told Citywire: 'The money should carry the company forward for the next two years. The area we have acquired is equivalent to 75 North Sea blocks and we've identified eight structures so it's very worthwhile to go and look.'A seismic survey is planned for December and follow up seismic testing will go on through next year with drilling planned for 2006.Despite the soaring oil price and the buoyancy of oil stocks at the moment FIH's share price has actually slipped by 2.5p today to 445p. However it has been one of the hot stocks of the year so far rising from 187p to 458p before a recent bout of profit-taking has taken the edge off a little.One recent profit-taker was top private investor David Kirch who reduced the stake of his Channel Hotels and Properties vehicle by 100,000 shares to 350,000, or 5.6%, in June. Licht, the legendary former Mercury fund manager, is a non-executive director of Falkland and also one of its largest shareholders with more than 19% of the company.From a company pretty much running most of the Falkland Islands' (FKL) business including fishing, hotels, stores and port services but it has now branched out into the more racy resources sector. In recent months it has secured onshore mining rights in the Falklands to search for gold after 'encouraging' results from mineral surveys.The oil, gas and gold prospects appear to have caught the eye of investors this year rather than the actual performance of the existing business. In the year to March profits fell 17% to £847,000 largely due to a poor fishing season from a slightly reduced turnover of £11.1 million.FIH has also talked of diversifying outside the Falkland Islands, a move it began earlier this year when it took a 26.4% stake, at a cost of £885,000, in the Portsmouth Harbour Ferry Company which operates ferry services across Portsmouth Harbour.
Hudd describes it as an 'attractive business' which has been made more attractive by a recent government decision not to back plans for a light rail system around Portsmouth which would have run under the harbour and threatened its business. Hudd would not be drawn on whether FIH plans to increase its stake.

[grgkecer] 20/8/2004 11:48

There's the answer:

[bartok10] 20/8/2004 06:52

FIC shares are a prime candidate for a split. That would increase the liquidity, marketability and the adjusted share price. It would be good news for the shareholders.

[aly48] 19/8/2004 14:54

From RNS 23rd June..........
Falkland Islands Holdings PLC ('FIH'), is pleased to announce that in
conjunction with its joint venture partners, Global Petroleum Limited ('Global')and Hardman Resources Limited ('HRL'), that it has reached agreement with RABSpecial Situations Fund, a fund managed by AIM listed hedge fund manager, RAB Capital plc ('RAB') to fund the next 12 to 18 months work on their petroleum exploration licence offshore the Falkland Islands. The work programme includes the design, implementation, processing and interpretation of a 2D seismic survey.

[grgkecer] 19/8/2004 13:58

From the AGM statement:

"Falkland Minerals Limited (in which the Group has a 22.5% equity interest) and
Falklands Oil & Gas Limited (in which the Group has a 28.9% equity interest)
have recently been established by the participants in those joint ventures and
their admission to AIM is part of the strategic objectives of the board of each
company."

Presumably any money-raising will be done on flotation.

[keithfagan] 19/8/2004 12:35

Bloody hell this is up and down more than a roller coaster at Busch Gardens!!! I should have some spare case in a few weeks and will be topping up my paltry few. Still reckon this will top £12-£14 by the end of next year (IMHO) but it is a bumpy ride at the moment. Does anybody else think they will have to issue more shares to satisfy demand or will they let it ride and cope with the mm's trying to shake the tree even more?

[keithfagan] 17/8/2004 14:17

Shortage of shares and I reckon the head floor scrubber is trying to shake some out of the nearest bush so the mm's will have something to play with when they get back.

[tingtang] 17/8/2004 12:37

Strange share price behaviour last couple of days. I know this is the silly season but whilst mm's are in Tuscany it looks tho' this desk being run by agency temporary cleaners.!!!

[greg the grinch] 17/8/2004 09:15

we shall glitch for a while and again around £5 and in the range £5.40 to £5.60.
natural movement imho.
after that it will get interesting as the rise could accellerate to £7+.
then the news of gold and oil! £££?
good luck all

[keithfagan] 17/8/2004 08:52

Is this a tree shake I see before me?? No other reason I can see for the fall.

[tingtang] 16/8/2004 18:27

Error, posting wrong board.

[greg the grinch] 16/8/2004 09:34

right again :o)
A squid in the bank is worth how many in the net.

[aly48] 15/8/2004 20:55

greg
There's nothing wrong with an extra few squid in the bank!

[greg the grinch] 15/8/2004 18:27

aly48
of course you are right:0)
Its just that the squid aint pushing the bid.

[bartok10] 15/8/2004 09:12

If Great Britain and Argentina can reach agreement on stabilizing the political situation of the Falklands, it can only help the share price of FIC.

[Abuse team] 14/8/2004 21:02

Post removed by ADVFN

[bartok10] 14/8/2004 20:35

The Argentine Government has long claimed that the Falklands ( Malvinas) belong to Argentina, and they have even gone to war to enforce their claim. Since the Falkland Islands Company is by far the biggest land holder in the Falklands, I suggest it is possible that the Argentines could obtain their objective by making a takeover offer for the FIC either outright or by buying shares in the market. This scenario may sound far fetched, the plot of a political thriller best selling novel, but I suggest it could happen. If Argentina starts buying up the shares the price could go sky high. I first bought shares in the FIC 35 years ago , just before it was taken over by Dundee,Perth and later by Coalite.

[surfcontrol] 14/8/2004 14:17

Friday was a good day for FKL. Suggest you also look at SRF ...

Takeover bid for Surfcontrol (SRF) imminent...

Current Surfcontrol price : 520p (market cap. £160m / $295m)

Prospective Takeover Bid : 730p (Cash bid of £225m / $415m)

Bid Premium : 210p (+ 40%)

Bid Timing : Before Surfcontrol Q4 results on 7th September

Bidder : Advised by Deutsche Bank / Goldman Sachs

If you're interested in SRF, i suggest either invest direct or buy spread bet with stop loss at 450p