Indus Gas Share Discussion Threads

[networker] 16/9/2010 13:45

No shortage of information in the Int Report and the directors expressing confidence in growth prospects is encouraging. The start of gas production is positive as is the intention to ramp up production 4fold in the near future. The operational problem is a bit of a downer, but hopefully can be resolved quickly.
Initial reaction to these results has some small sellers. There probably won't be much action in the shares until the independent resource report is published later this year. It will be interesting to see what resource numbers they come up with.

[dibbs] 10/9/2010 06:47

The 15th it is then so not long to wait from here. Hopefully they are of a positive nature.

Dibbs

[dibbs] 09/9/2010 19:11

Thanks for the update Networker.

Good to hear that all would appear to be under control regarding the release of the results. Hopefully we will see the notice of results RNS very soon.

Dibbs

[networker] 09/9/2010 10:56

I spoke to the company earlier this week and results are coming shortly and within the 6 month deadline. They said they would first advise the release date via an RNS. They were helpful on this occasion and sounded quietly confident so let's see what information they produce for shareholders.

[dibbs] 06/9/2010 21:17

Hi Par,

The INDI news shop remains frimly boarded up at the moment!

They are now rather overdue by last years release date. I think they have to release results within 6 months of year end so by the end of this month by my reckoning....

I'd like to see them out already, or very soon but then you will no doubt remember that GKO did this to us last year only to release results on 28-09-2009 when suspension looked to be possible. PR was again bad with my email to the company going unanswered. GKO then went on to rally strongly after this sweaty period. People often talk of good results taking less time to prepare etc .... GKO showed that with Indian companies bad PR and late results are sometimes no bad thing!

OT, The market seems to have quite liked GKO's RNS today. The price had drifted for quite a while with the price on the 200 average. Hopefully the lull period is over.

Cheers

Dibbs

[par555] 23/8/2010 11:18

Networker,

Agree , all a bit of a closed shop info wise.

As you say results appear overdue ( 12 August last year ) so keeping my fingers crossed for good news.

par

[networker] 22/8/2010 11:49

Newsflow from INDI seems relatively poor. Certainly their PR people were not very helpful when I spoke with them recently about the timing of the (overdue?) results announcement. Perhaps communication with major institutions like Lloyds is taking up all their time and energy. An 8 per cent holding is a significant investment so may presage a positive statement and comment.

[par555] 22/8/2010 11:20

Hi Dibbs ,

Are you still holding here ?

Notice another buy by Lloyds.That means they have increased holding from 5% in September '09 to 8% now. Time to follow ?

par

[dibbs] 13/4/2010 19:53

All quiet on the INDI front but it does look like someone is quite happily accumulating big lumps of stock. 650k in one trade today at 512.5p. Certainly the sort of trade that gives confidence.

Dibbs

[bleunose] 12/4/2010 21:19

Index Value
Day's Close 5,777.7
Previous Close 5,771.0
Previous Open 5,760.0
Change +6.6700
% Change +0.12%
Volume 622,000,000
Index Activity
Day's Open 5,796.6
Day's High 5,800.6
Day's Low 5,755.8
20-Day Close M.A. 5,690.8
50-Day Close M.A. 5,473.2
65-Day Volume M.A. 1,213,199,997

[dibbs] 31/3/2010 23:27

Networker, I also noticed the 400k trade today and feel that a move up from here is looking quite possible sooner rather than later. As you say this stock has pretty much no following and that could certainly change with the right RNS.

Dibbs

[networker] 31/3/2010 22:18

Possible 'fat finger' trade last month was just that. Shares have recently held around the £5 level. Today's reported trade in £2m of stock at 507p says there is/has been a determined reasonable sized buyer. Developments awaited. At the moment INDI has almost zero following or understanding in the UK market.

[networker] 11/2/2010 13:04

Trade reported at 590p. Looks unlikely but we shall see if it's a 'fat finger' job.

[networker] 11/2/2010 13:00

Some concerted buying to day has seen the price moving into uncharted territory. Is this the result of the presentations or perhaps an announcement is imminent?

[networker] 25/1/2010 18:05

The recent company statement made reference to investor presentation(s). It looks as though they have not only started but also been well received.

[dibbs] 25/1/2010 17:14

Indeed! I reckon someone must have liked the update and been buying since. Certainly a few large trades today which point to institutional buying IHMO.

Dibbs

[qs9] 25/1/2010 16:49

Gone ballistic...

[dibbs] 21/1/2010 21:50

Par, no probs, can fully appreciate the time issue, it just evaporates too quickly!

Glad that you are still here as I'm sure you are after todays rise:-) The market seems happy enough with todays update and being tightly held it does not take much buying to see a mark up.

Wish I'd bought in to INDI much sooner but hey I'm in profit and feeling contented so can't complain. Good comparison with GKO in terms of being low profile. Confident they will gain a wider following if they continue to deliver.

Dibbs

[par555] 20/1/2010 13:13

Dibbs ,

Re your post 11 Jan'y .Sorry not responded - work and weather etc. !!

Yes - still holding and have added a few recently . This is one company that has impressed me with steady progress . Again like our mutual interest in GKO seems to be below most peoples radar ( for now !)

par

[networker] 20/1/2010 11:10

This must be one of the least well known E&P companies around. The recent price action has been encouraging. As the shares move and stay above 400p they look to have settled into a new trading range. Drilling news, good or bad, is likely to be the driver of this share in the immediate future.

[msarwar014] 20/1/2010 09:13

news imminent

[dibbs] 11/1/2010 13:59

msarwar014,

I hope you are right! Late to the party I maybe but I have taken a small position this morning for my SIPP. Fingers crossed for a decent breakout now!

Dibbs

[msarwar014] 11/1/2010 13:54

still holding.its going to be massive share by end march