Falk IS. Hldgs Share Discussion Threads

[ifthecapfits] 05/8/2014 07:42

Gone into flatline mode again.

[togglebrush] 09/6/2014 07:44

Cash has been used to build and develop properties which generates rents.

[ifthecapfits] 09/6/2014 07:37

All seems to be mvoing in the right direction. Cash balances down?

[togglebrush] 09/6/2014 06:10

Results Out
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The Directors recommend a dividend of 7.5p per share (2013: 7.5p) which, if approved by shareholders at the forthcoming Annual General Meeting on 4 September 2014, will be paid on 19 September 2014 to shareholders on the register at the close of business on 29 August 2014.
'
Group Financial Highlights
-- Group revenue increased by 7.5% to GBP38.3 million (2013: GBP35.6 million)
-- Underlying pre-tax profits increased 10.8% to GBP3.65 million (2013: GBP3.29 million)
-- Underlying basic earnings per share of 22.2p (2013: 21.6p)
-- Cash balances totalled GBP5.7 million (2013: GBP11.4 million)
-- Bank borrowings were GBP1.0 million (2013: GBP2.0 million)

[togglebrush] 05/6/2014 09:24

By my notes RESULTS DUE Monday 9th June 2014

[ifthecapfits] 04/6/2014 11:17

Might start getting exciting here again soon then. Held FOGL directly previously - prefer the picks & shovels approach now :) with the added kicker of a relatively small FOGL holding via these.

[togglebrush] 04/6/2014 06:30

FOGL (FKL hold shares plus suppliers to Islands) RNS extract
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Rig contracted for a six well firm drilling programme commencing in early 2015

-- FOGL will participate in five wells: two wells operated by Noble in the South and East Falkland Basin and three wells operated by Premier in the North Falkland Basin
'
-- Up to eight option slots available for additional drilling
-- FOGL is fully funded throughout its five well programme
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On 3 June 2014 Premier Oil plc ("Premier") signed a contract for a dynamically positioned, harsh environment semi-submersible drilling rig. In addition, several other related contracts have also been entered into and these include a rig sharing agreement with FOGL's partner Noble Energy Falklands Limited ("Noble").
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The rig will be mobilised to the Falkland Islands to commence the drilling programme in late Q1/early Q2 2015.

[lak342] 26/5/2014 18:40

Rumour mill rife on new drilling rig for Falklands by the Contrarian Investor

[ifthecapfits] 08/4/2014 07:27

RNS Number : 2729E
Falkland Islands Holdings PLC
08 April 2014
8(th) April 2014
Falkland Islands Holdings plc
("FIH" or "the Group")
Pre-Close Trading Update
Falkland Islands Holdings plc ("FIH"), the AIM quoted international group with specialist services businesses in the Falkland Islands and UK and which owns 12.8 million shares in Falkland Oil and Gas Limited ("FOGL"), is pleased to provide the following update on trading for the year ended 31 March 2014.
Trading in the second half improved with a strong performance from the Group's art handling and logistics business Momart, lifting the overall group result to record levels despite reduced profits from the Falklands.
The Group's trading performance for the year to 31 March 2014 is expected to show an encouraging increase in underlying pre-tax profits (before amortisation and non-trading items).
The Board anticipates that the total dividend payment will not be less than 11.5 pence per share (2013 11.5 pence per share).
Highlights
-- Falkland Islands Company ("FIC") - Although the trading environment in the Falklands remained subdued in the absence of offshore drilling, the second half saw the usual seasonal uplift. Retail demand remained soft but the shortfall in like for like sales seen in H1 was reduced and there was continued growth in automotive sales, house building, and a small first contribution from FIC's construction Joint Venture, "SAtCO". Therefore, whilst FIC will not make up the shortfall in contribution experienced in the first half, the trading performance for the year is expected to be satisfactory in the circumstances.
-- Portsmouth Harbour Ferry Company ("PHFC") - The ferry's trading contribution is anticipated to be at a similar level to the prior year with revenues marginally ahead despite passenger numbers down 1.6%. Good progress is being made on the construction of the ferry "Harbour Spirit" which is expected to enter service in early 2015.
-- Momart - Continuing the buoyant performance seen in the first half, Momart saw record levels of activity and a strong contribution from both Exhibition and Gallery Services boosted further by a favourable mix of contracts in the UK and overseas.
-- FOGL - In February 2014 an extensive 3D seismic campaign was completed that will be used to identify the well locations for the planned 2015 drilling campaign and late March saw the arrival in Stanley harbour of the floating dock which will be used to support the campaign. An announcement on the rig contract is expected in the next few months.
-- Cash and Bank Borrowings - At 31 March 2014 the Group had cash balances of approximately GBP5.5 million and bank borrowings of GBP1.0 million.
Chairman of FIH, David Hudd, commented:
"The Group's strong overall performance is encouraging. Momart has had an outstanding year with record levels of activity, while PHFC continues to perform well. In the Falkland Islands, significant growth awaits oil activity; during the year we continued to invest for that growth.
"For the year ahead we anticipate increasing activity in the Falklands as the 2015 drilling campaign approaches and continued good returns from Momart and PHFC."
"The Group's Preliminary Results for the year ended 31 March 2014 are expected to be released on Monday 9 June 2014."
- Ends -

[ch1ck] 08/4/2014 07:16

Bought into these yesterday after being out for a while.The Faulkland Island story is starting to come together. I see this as being the clever play into all the drilling that is happening and it is diverse and pays a dividend.Whats not to like?

[togglebrush] 27/3/2014 14:55

LAST YEAR we had RNS's
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17/04/2013 07:00 UKREG Falkland Islands Holdings PLC Pre-Close Trading Update
10/06/2013 07:00 UKREG Falkland Islands Holdings PLC Final Results

[ifthecapfits] 11/3/2014 08:29

Thats some flatline.

[ifthecapfits] 25/2/2014 11:48

zzzzzzzzzzz

[togglebrush] 17/2/2014 07:44

Press re Islands
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[ifthecapfits] 11/2/2014 12:51

New FOGL presentation availabe. All reads well for the future.

hxxp://www.fogl.com/fogl/uploads/companypresentations/FOGL-InvestorPresentationFeb2014_v6.pdf

[ifthecapfits] 11/2/2014 11:46

Some decent vo9lume at FOGL which seems to be rising nicely. Should reflect well here......

[togglebrush] 06/2/2014 10:58

Rockhopper RNS 06Feb14 extract
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Costs (unescalated in 2013 money):
It is estimated capital costs (gross) for Phase 1 of the Sea Lion development will total $5.2 billion comprising $3.5bn for surface facilities and $1.7bn for drilling.... Annual operating expenditure (gross) is expected to average $260 million including Floating Storage Unit rental and well interventions.
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Schedule:
...Front End Engineering and Design contracts in 2Q 2014 and to submit the draft Field Development Plan at the end of this year. Also at the end of this year, Engineering Procurement and Construction contracts will be awarded. Field sanction is anticipated in 2Q 2015. Rockhopper continues to anticipate first oil 31/2 to 4 years after project sanction.
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Resources
Phase 1 of the Sea Lion Development is expected to recover 293 mmbbl over 25 years.

[whackford] 19/1/2014 07:41

Premier's update on 16th Jan shows Sea Lion delayed by another year. Bad news for Falkland Islands, therefore, and surprising share price has not slipped further.

[ch1ck] 18/1/2014 12:22

I am suprised this has not moved on the Rockhopper news

[housemartin2] 16/1/2014 16:32

Ifthecapfits - all interesting stuff