Sefton Resources Share Discussion Threads

[markinthepark] 29/1/2008 12:02

matador,

add to the list the consolidation of 15:1 should have been more bold and done at 50:1 to get this out of penny share mind set with MMs........

[the matador] 29/1/2008 12:01

1. Poor historical communication to investors by RNS
2. Unachieved promises conveyed by personal communication to shareholders
3. Poor effort by house broker
4. Historical overhang (now gone but a long term burden at the time)
5. Failure to produce the goods on time
6. Past catastrophes
7. Ambiguous statements
8. No money to do anything major, only slow progress using revenue
9. No encouragement to any new investors on the BB's.


However, 2008, massively increased and stabilised production, new wells planned, finance to move forward rapidly, no likely well blow-outs, fires or any other catastrophes and better communication. Just need to sort 2, 3, 5,7 and 9!

[mickey take] 29/1/2008 11:57

Bobby –wrong move if they wait until the rig is onsite since it could be met with delays and problems.

Hence any news on increase on production could be mixed with bad.

Simple it don't take an Einstein to know that when you have something positive to say...say it now.

Again that's my point they don't have the savvy to realise this

[mickey take] 29/1/2008 11:52

Can someone explain to me what it is down to then ?

[mickey take] 29/1/2008 11:49

Red- What's the point, What's the point – That's exactly the attitude of this management

The point is they would be conveying to the market that production HAS increased.

A very pertinent point I would say yet they fail to understand that they need to report progress when progress has been made

[bobbyg2] 29/1/2008 11:49

Mickey

If that is your view fair enough, seems like I'm far too nice a guy in all walks of life then as I'm still prepared to give the benefit of the doubt. Progress has been made over the last 12 months - not as much as we would like but progress none the less.

I would like a trading statement, and expect it to come with announcement of rig on site.

Given the amount of shares they hold i would think they are interested in the share price and investors.

There is no way this share should be at the current price and I do not believe this is entirely down to management.

[the matador] 29/1/2008 11:48

"Criticism and pessimism destroy families, undermine institutions of all kinds, defeat nearly everyone, and spread a shroud of gloom over entire nations"

Gordon B. Hinckley

[redhill] 29/1/2008 11:41

MT

We know the trading statement.It will tell us the company produced x number of barrels this year and the revenue achieved.What it won't tell us is expenditure and we shall have to wait for the report and accounts to see that.Future plans we already know so whats the point?

[redhill] 29/1/2008 11:38

So would i bobby.

[mickey take] 29/1/2008 11:36

Bobby – In what ever sphere you wish to consider it either a purchase of goods, service work etc, if someone continually promises to deliver and continually let you down its clear they are the wrong people for that job and facts are they either get sacked or you no longer use that service.

We are due a trading statement.... where is it?

Do you think we will get one?

I can recall when it was asked at the agm two years ago if they intended to update us with a trading statement.

JDM replied you can work it out for yourself from the production output etc.

That's where we are bobby, we have a management who are not interested in investors
They can't update us on progress since it's my bet they haven't made any.

[bobbyg2] 29/1/2008 11:32

fair point mark but I still say the company is more than sound and if I had any disposable cash at the moment would be gobbling some more up at this price, especially with more news so close.

Roll on February.

[relishing] 29/1/2008 11:30

See you later mark, off to slash my wrists.

[markinthepark] 29/1/2008 11:26

Seems like every time Hardman's come out with their bullish reviews the MMs just use it as an excuse to spike up the price and make some quick profits before taking the share price right back to the beginning each time.....

[markinthepark] 29/1/2008 11:24

Bobby,

what do you expect us to be when the bid is at 2 year lows here......

[bobbyg2] 29/1/2008 11:22

god everyone is miserable and doom and gloom today. Expect to see yas0 extolling SER's virtues soon, after all he always said he was a contrarian investor :)

[mickey take] 29/1/2008 11:15

Even if Sefton managed to achieve a market cap of 15mill this year, you would not get institutional interest immediately

They would look at the management failures of the past and would hold off any investment until that same management could sustain some continuous level of improvement.

Sefton and the management would not tick all the boxes for the institutions risk strategy.

It would be some considerable time before institutions would even consider this as an investment imo

[the matador] 29/1/2008 11:08

If I looked in here to see what the sentiment was, I would be wary that everyone is moaning after the company have announced two new succesful wells and more to come! Hardly a positive post nowadays even though there IS good news and more to follow. What positivity there is, is bombarded by Yaso. Not a good place to glean any fair information on the future of the co. imo

[markinthepark] 29/1/2008 11:08

I still think that the share is too easily "sold" and that MMs just see it as a trading share without even considering any fundamentals.....the likes of Yarso & Co have fully exploited this even after consolidation....I reckon the the company missed the trick when it consolidated at 15:1 and should have been more confident it could go for 50:1 at the time......being a 4p share still makes it a penny stock in the end.....

[the matador] 29/1/2008 11:05

Murray, because institutional conversation has been had and interest will be shown at or around the 15p range. Maybe you should call to discuss, always worth a morale boost lol!

[markinthepark] 29/1/2008 11:05

Matador,

That's probably the first reasonable reply I've seen.....that doesn't make it right but at least it was a reasonable one......

[murrayteller] 29/1/2008 11:02

Matador, plenty of small co's get backing. Why is £15m pertinent?

[pdl] 29/1/2008 10:58

wow, we are heading to north. I did not see this for ages!