Venture Life Share Discussion Threads

[apad] 22/2/2017 05:30

Rule 2: don't buy supermarket shares.

apad

ps
Bloody steroids!

[apad] 22/2/2017 05:24

Another observation, e.g. TRAK.

We spend too much time studying success, which is rare, and not enough time studying failure, which is common.

apad

[apad] 22/2/2017 05:18

Message might have got through on DOTD.
apad
ps
2 hours to WEIR. Gulp!

[apad] 22/2/2017 05:14

David Buik on TipTV talking sense on HSBC and other banks.
apad
ps
apad rule 1 don't buy bank shares.

[apad] 22/2/2017 04:44

ps

Check the time - Wednesday is wake-up-to-steroids-after-effects breakfast!

Where does the SDX precis come from, H?

[apad] 22/2/2017 04:30

You and RDSB, dacian :-)

Home... Had a look at Malcy's bucket list and identified SDX as the one I would go for (ex SOU) FWIW. Great precis. Money out of Egypt? SOU management of politics and cash/shares expenditure mix is the gold standard, if SDX goes that way..... I've got SOU and FARN on the roulette wheel - s'nuff!

Interesting insight into shale, red.

apad

[homebrewruss] 21/2/2017 20:20

Is anyone else in SDX as another 'roulette wheel' type stock for this year?
I've taken a starter position.

It's on Malcys list for this year and already has plenty of production to support a higher share price and an exciting drilling campaign starting around the end of this month.

An interesting/useful summary from another private investor here:

[apad] 21/2/2017 16:26

ps
Loudon Wainwright is sooo good.

[apad] 21/2/2017 16:25

Trak and its ilk concerns me, L, because it is a trap to avoid and I need to keep reminding myself and typing it fixes it.
"My songs about you are all about me".

Crude Index has lit the afterburners.

apad

[lauders] 21/2/2017 15:12

Thank you for your feedback on SOU APAD. I think it will end well but am waiting for any dip to see whether it tempts me. Unlike you I still need to build up my BVXP if possible and as mentioned I like PVG. So too many to consider but not enough cash! Wondered how long it would be before you mentioned TRAK. Not long ;-)

[apad] 21/2/2017 13:46

Crude Index!
apad

[apad] 21/2/2017 13:25

TRAK is a good case study. There are loads of similar companies. Read, learn and inwardly digest.

The more I think about it the more I think that the drive to filter news that supports our view at the expense of negative information is extraordinary powerful because it is a default position.

apad

[apad] 21/2/2017 11:17

DOTD reply:

The reason for the increase is a combination of an increase in trade receivables and prepayments. With regard to trade receivables this increased as we have client in the enterprise space with a 31st December year end who naturally held payment until after then. We have now seen the majority of the cash come back in January and February and we have no risk of bad debts. As for prepayments this was made up of prepaid tax, partner commission and hybrid cloud all of which we expect to normalise by the end of the financial year.

Kind regards

George

[apad] 21/2/2017 09:28

Wood is not good.
Weir is worrying.

apad

[apad] 21/2/2017 09:08

Lauders,
SOU:
Boards have some remarkably knowledgeable posters and scads of twerps.
One needs ear defenders.

If you are interested in a gamble, Lauders, watch the graph for a lull in the news.
CEO makes this difficult!
It is still a roulette wheel stock, but the wheel is, perhaps, a touch less random than the others.

Here is my precis (note I have no expertise or experience in investing in hole-in-the-ground companies):

CEO is good at publicity - keeps the share price up and as they buy assets in shares and cash is a good strategy. For a small cap they have significant shares of the different ‘assets’ as a result.

Partnered with Schlumberger provides top drawer technical expertise (particularly compared with historical drilling in the area). They are also partnering with a big Morrocan institution, so have the politics sorted.

Tendrara (Morocco) is the significant play at the moment (Badile (Italy) used to be and they are drilling there as well).

They have had significant results in Tendrara (hence last share price hike). They are now drilling vertically 12 km away (TE8) (if successful they will drill horizontally as well) in order to determine the extent of the field. This is the big bet. If the field is large the share price will rocket, else it will collapse.
Timetable:
19 February 2017 TE8 drilling started.
Vertical 40/50 days 6 weeks (2 April) to 7 weeks
if gas, 30day sidetrack 4 weeks (30 April)

If successful the company will be sold to RDSB.

apad

[apad] 21/2/2017 08:21

L,
I'll do a brain dump later. It is quite simple, but there is a very lot of noise. Remind me if I forget :-)

DOTD
Headline results look excellent and the market has responded well.
Possible fly in the ointment of the cash flow statement

Decrease/(Increase) in trade and other receivables
(2,298)
Net cash generated from operating activities 2,693 3,342

So a significant and unusual increase in debt, with no explanation. I shall email the company.

I doubt it is bad debt and the company has loads of cash.

I would have liked an interim dividend, but it is sticking with policy of a final plus a special.

apad

[lauders] 21/2/2017 00:54

APAD - I don't hold but am interested in your thoughts on SOU. Bit hard to follow that SOU ADVFN BB as there is so much noise! Lots of news recently generating lots of talk & now I believe there is an upcoming road show in NY USA they are hosting. Do you just shut your eyes with the roulette stock or actually try and follow everything? Seems like a full-time job!

[masurenguy] 20/2/2017 17:15

Podcast of interview with CEO Jerry Randall reviewing last months trading update.

[apad] 20/2/2017 17:10

Nail biting rest of the week:
DOTD interim tomorrow.
WEIR FY Wed.
TSTL int. and GSK ex div on Thur.

Given WEIR's recent strong share price performance it is the most worrying, although TSTL does depend on the cash strapped NHS. DOTD will be old-reliable.

FARN & PTSG, my recent minnows, are growing very nicely.

Big picture watchers will be interested in how Trump reshapes the Fed, whether le Pen gets elected in France and how much battering Greece will take? Be afraid.....

Interesting article in Bloomberg on how Shell has been trading Brent crude big time and been moving the markets.

apad

[masurenguy] 20/2/2017 17:01

Webcast of recent Investor Day presentation.

[redartbmud] 20/2/2017 10:49

I finally found my set of Mercia accounts last night, having turned the house upside down in the attempt.
Today's market is 100% purchases, which is good following the placing.
I can begin looking for clues in the report.

red