Indian Energy Share Discussion Threads

[the_beagle] 22/2/2011 08:40

3 MMs at 30p bid and 1 at 31.25p offer in 5000 shares, although he has supplied 17,000 already and might have loads more. Who knows? Next offer 32p.

[fund1] 22/2/2011 08:35

Looking good again a few % each day will do me.

[fund1] 22/2/2011 08:12

Thanks for the L2 info.

[the_beagle] 22/2/2011 08:10

L2 looks interesting. 4 MMs on 29.5p bid plus the 25k guy at 29.75p bid. Then just 1 MM at 30.5p offer and then a jump to 31.25p. Bring it on.

[htrocka] 21/2/2011 21:50

I`m not sure if this has any thing to do with `the price of chips`...but it`s a curious turn-a-round considering the Bhopal Scenario..




`BP expects energy consumption in India to rise by more than 4% a year for the next two decades, with demand for gas growing more than 5%`.

[baldeagle5] 21/2/2011 18:58

I continue to believe we will se 35-40p in pretty short order here.

[htrocka] 21/2/2011 18:21

The chart is telling you that lift off is inevitable.

[simon_64] 21/2/2011 17:46

Looking good, very good at least one of my shares is on the up.

[the_beagle] 21/2/2011 16:41

The volume speaks volumes imo!

[fund1] 21/2/2011 16:22

Looking very good now, advfn charts not keeping up with the action.

[the_beagle] 21/2/2011 15:30

Cheers Fund1. I know what you mean!

[fund1] 21/2/2011 15:26

Just slight resistance at 29.25p we need to clear it well to
truly be out of the longterm downtrend. But lets face it
we are moving for other reasons so in a news situation charts means nothing anyway. Just makes me feel a little better thats all.

[the_beagle] 21/2/2011 14:22

What does the chart tell anyone atm? In my very limited view we are on an uptrend but there appear to be no previous resistance points, so basically they tell us next to zero. Am I missing something Fund1?

[fund1] 21/2/2011 13:39

Be nice if we can get past this point on the chart in the next
few days.

[fund1] 21/2/2011 11:50

Yes still well under the radar at the moment as well.

[the_beagle] 21/2/2011 09:28

29.5p, a premium, just paid for 37k shares, and not a T trade either. The MMs are short of stock it would seem. Any whiff of good news and this could be off to the races in no time imo.

[htrocka] 21/2/2011 06:17

When this is done and dusted..I`l take a closer look at ITM..Cheers DAVE.

[htrocka] 20/2/2011 18:37

I thought I`d post this as a matter of interest....the company that Graham Cooley, a recent buyer of IEL shares, is CEO of....he must obviously see something in IEL that the market has yet to respond to.(ps..he recently bought 9k+ in ITM @65p)




a href='http://www.advfn.com' title='Free stock charts & share prices from www.advfn.com'>free stock charts from www.advfn.com

[htrocka] 19/2/2011 11:36

Praipus....over the many years of trading, it`s a figure that sticks out in my mind, however I can`t recall the exact location, but it`s on one of the many Graph formation definition sites... I hope this helps. (ps..over the years I`ve done very nicely using this as a back up to primary research...it helps with the timing of stock purchase.)(pps...the `true` golden cross` is a 200 mda, with all three in the ascendancy....the one below is only 100...but I like to pre-empt them)








ref...dcroston with ref to your `phase 2 is on hold`


I was under the impression that the agreed Utilico loan extension was specifically to be used for Phase 2 of `The Pheni Project`? ....together with a seat on the board along with 3.4 m warrants @70p exercise price....We`ve had no `Letter of Intent` from Utilico as to their intentions should the options on the warrants reach the target price by June 2012...although the EGM notice did state that they may have to make a mandatory offer for the rest of the shares as the warrants would take them over 30%.. The point being that....what`s being negotiated for by the bidder is not only the value of the company revolved around it`s current NAV, but the problem surrounding Ultilico`s Investment and potential long term strategy which has got to be addressed and I`m certain has entered into the equation......With it`s 21% and 9 % from directors....(both bought at 80p+ a share)...the bidder will have to get passed these two for any deal to go through....It`ll be interesting to see how this pans out.


from the half yearly report..
`During the period, the Company entered into a GBP2 million loan facility with its largest shareholder, Utilico Emerging Markets Limited, in order to provide the Company with additional working capital and to secure options over further wind projects. This facility has recently been extended to GBP2.5m, repayable in 2012. This is a vote of confidence in the Company and underpins the directors' statement on going concern in note 2 of these accounts. `

A



(I`ve just visited the UTILICO website and noticed that all it`s directors have recently bought more shares in their company...so I doubt they`ll let this go at a loss)

[praipus] 19/2/2011 08:53

"htrocka - 17 Feb'11 - 18:54 - 367 of 377


Not long now...it`s a statistical fact that 86% of chart predictions are correct...and this one indicates that it`s headed towards the `Golden Cross`.....a recognised and acknowledged `buy` signal."
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Hi htrocka, "statistical fact that 86% of chart predictions are correct"!!!!

Fascinating, please can you inidcate your source for this claim? Or what stats you used to arrive at this figure?

TIA

[fund1] 18/2/2011 17:42

Thanks the_beagle.

[the_beagle] 18/2/2011 16:46

Fund1....There was a UT cross at 28p. ADVFN use that as the closing price. The spread at the death was 28-28.25p. Solid.

[fund1] 18/2/2011 15:24

I take it the day chart is wrong. Showing unchanged on my monitor.

[baldeagle5] 18/2/2011 12:54

Wonder if Jennings has been buying again?