Tradefair & Financials
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Well I've mentioned this share on a few individual threads but I've been waiting for the stock to have a seller cleared out who has been surpressing the shareprice before I put my name to it. I'll put some information up here at some stage this week as unfortunately I have a plane to catch in 2 hrs for a 3 day business trip to Dubai and I don't have the time now. Rest assured though this one should do a better return than XEL has thus far. This one is nice and liquid and can be bought in size and also held in an ISA. There's a real talk 'a major' is getting involved with them to farm into some of their deep wells which require expertise as well as plenty of cash to really develop what are thought to be huge reserves. The share has been at 230p at the IPO but has slid due to poor management and licence issues which is now history. This one looks a really classic recovery play. More later on in the week.
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nakedtrader has recently bought in:
"I've bought Cadogan (LON:CAD). Actually quite a lot. Reason is the risk-reward ratio looks good on the upside and limited on the downside as it has a decent amount of cash worth a good part of the share price. Other positives are it is very liquid so easy to buy and sell tons, it's Isaable, and it's in an area which could be lucrative and an overhang is clearing." |
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http://brokermandaniel.com/page/6/
"Cadogan are coming on the Radar more and more as each week passes. There’s more back-ground chatter the heady days of 200P+ make the current low sp very appealing a great recovery is in progress here." http://brokermandaniel.com/page/10/ "So it’s onwards and upwards with production expected to triple, Cadogan are looking like a sure-fire bet to double in the coming weeks and months as sentiment continues to grow. Debt-free and fully funded with a significantly enhanced new CPR which will greatly increase investor confidence and company value. This really is looking more and more like the multibagger foretold here! Minimum 50p hold!!!!!!" "The recent Hardman & Co Research note makes very interesting reading the feeling that they have covered the whole of Cadogan’s past,present and future prospects in a diligent and forth-right manner is widely accepted. Hardman and Co give an approx’ 88pence price valuation. Which I might add is seen to be on the conservative side! Cadogan are wholly under-valued and are beginning to attract investment this is why their SP is gradually increasing on an almost daily basis. Confidence is returning. I see Cadogan as a possible multi-bagger over the short-term and will hold them and wait for the sp to gather pace. 50pshort-term is on the cards here. Cadogan are wholly under-value." |
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I like to play the oil minnows since I spent my career in oil exploration and am reasonably OK at understanding any tech reports. That said the most important thing is to have a view of the oil price, especially for N Sea operators.
Most recently I have been playing Exillon, Coastal, Heritage, Gulf Keystone. Where are Cadogan's reserves? I might give them a look. |
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http://www.cadoganpetroleum.com/
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Thanks for the link. Looks like they have some fields in Ukraine. I like onshore fields like this because the technical cost per boe is quite low. Certainly looks interesting.
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well done joey; you have been consistent on this for months.
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any views on Bowleven?
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where is best place to buy these shares and how much should i buy i have about 40k in bank and like to gamble a bit
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www.igmarkets.co.uk or www.igindex.co.uk.
deposit however much you are willing to lose, say £5k, and leverage it by 2, i.e you are buying double the amount of shares, but obviously you will lose your money if the share price drops 50%. Although as you like to gamble, you can also leverage by 4. Then sit back and collect the profits in a few months. |
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When I buy shares I do it through selftrade.co.uk. If you only want to bet on the share price short-term (as opposed to being eligible for dividends etc) then you can spread-bet. ig index is one provider as is betfair's own tradefair. I doubt Cadogan are available though since they are such a small cap company.
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when would a small company like this pay dividends?
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Is an IGMarkets account as easy as trading in shares via a stockbroker?
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http://www.halifaxmarketwatch.co.uk/security.cgi?csi=191661&action=summary&username=&ac=
They have made a loss in each of the last 3 years and not paid a dividend. (They lost 107 million last yeat) Betting on IG Index is reasonably straightforward. They produce documents (& probably videos) to explain how it works, with some worked examples. Some key differences are :- It's like futures trading. They would quote the next 3 quarters prices Mar 11, June 11, Sep 11 Shares are nor 44.5 (15 mins delayed) Mar 11 44.35-46.22 June 11 44.45-46.37 Sep 11 44.51-46.57 You can buy or sell at the above quotes. e.g. For Mar 11, you can buy at 46.22 or sell at 44.35 I have not done any spread trading for some time. If I recall correctly, If you buy £10 per point, it's like trading in 1000 shares. You need to be careful that you get the staking correct! They also do stop losses, which for a cost, provide a safety net. e.g. For GSK Mar 11 1173.6-1178.8 If you but at £10, you are trading in 1000*1178.8 or £11,780.80's worth of shares. The margin you have to deposit varies with different companies. You might only have to deposit ca 10% for a big company like GSK, but might have to deposit a much larger percentage for a relatively small company like CAD. This is the initial margin & if the share price moved against you, you would have to deposit more, or else they would close the position on you, leaving you with a loss. This is why the staking is critical. Of course if you held the shares, you'd have as long as you wanted for the trade to run. |
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IG markets is almost even easier than going via a broker, because you can fire in an order instantly and it will get matched. Some of the broker's I've tried have been notoriously bad at giving you good prices, iii especially.
Also if you have £1000 in your account you can deal directly with the order book (i.e you can deal inside the spread, hence better prices) As for figuring out how to use the platform - it looks almost identical to betfair. Blue if you want to buy a share, pink if you want to short a share. Obviously IGMarkets Vs IGIndex has pro's and cons. IG Index is probably better if you are staking small amounts, because there are no transaction fees (outside the spread) plus any profits you make on it are free from capital gains tax. IG Markets you get much better prices on because the spread is smaller, but it costs £10 per transaction on shares, and you are liable for capital gains tax on profits. However you do get dividends (if any) Typically you will need a 25% deposit on AIM shares. Also there is an issue in buying some AIM shares using IGIndex - if you have the limited risk account (i.e they make you assign a guaranteed stop loss to every trade) with them - some shares which have low liquidity they will put a limit to the number of people that are allowed a guaranteed stop on it, once it is over that number, no one else with a limited risk account will be able to buy that particular share. I'm not sure of their exact requirements for their pro account. Provided you have a job and a few grand of savings you should be able to get it I believe. |
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42ish p now... i bottled it before but nice work. wheres it gna go now?
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Want to spreadbet this. Which are the best online spreadbetters, and what margin is typical for this?
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Just checked out IG. They seem reasonable. So, if one was to hold over the long-term cfds are cheaper than spreadbetting, bar the cost of tax?
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In short - if you are likely to go significantly over the £10,100/year capital gains threshold, then spread betting is the better option. Otherwise CFDs are better.
CFDs - £10 commission per trade, you also pay interest on any long positions (currently 3.2%/year of the total value of your position). Plus tax, if you win enough (although you can offset any losses as well) Spread betting - no commission, or tax. The major problem with them, is if you are looking to hold a share long term, say 2 years, you would have to enter multiple trades to do this, thus incurring the cost of the spread each time. In fact if you were going to hold a share for 2 years, you would have to enter another 3 trades inside your original buy and when you finally decide to sell. As you can see, that will get rather costly (especially as the spreads can be over 5% on some of these AIM stocks) |
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open an ISA - You can put over 10 grand in and select shares yourself.
Currently over a million CAD shares in my ISA so no CGT worries. :-) |
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In the last 5d period Feb 17-23 it's down -6.92 16.08%
Should we be buying more on the dip (currently 36), or should we have sold at the highs of 46? |
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How have you managed to get over a million CAD shares in your ISA?
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SJ,
You can buy and sell stock within your ISA with no CGT so it is possible if you have sold a multibagger. There are people who have opened up an ISA with 10k in and turned it into a million in a few years. Look at xel - 4p 3 years ago . Recently touched over £4 which is a 100 bagger for some lucky few. |
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Impressive stuff
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I made alot of money on XEL which I held in my SS ISA, simples.
CAD going to 100p at least imo http://brokermandaniel.com/2011/03/03/cadogan-the-prophecy-continues-100p/#comments |
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Someone selling plenty of CAD this am.
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Hoover out today.
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Some massive trades at cob today, all buy. One of over 4m shares caught my attention. Time to top up on Monday morn methinks.
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It's getting rerated into the FTSE all share index on monday, so the large trades are probably in anticipation of that.
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When I posted 11 Mar 11 10:16, I had just checked out the graph and the price had spiked from near 39.0 down to 35.5 in one hit. Is that someone desperate to sell their shares or day traders getting shaken out or similar?
Fascinating when you start and get interested. |
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several sources telling me a potential bid is looming. Worth watching the level 2 order book, some say 100-125p is very possible takeout price and Ukraine Smart holdings that has aquired the Regal Petroleum state has been mentioned.
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Starting to take off a touch, making new highs.
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well done joey
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51 p good work sir.
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I hope this doesn't get taken out on the cheap, could see £2 ish long term on this one.
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Hat tipped sir! Clontarf Energy might be a play too.
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I quite like the look of Orogen gold. They are redeveloping an old mine in serbia that was closed down before the first world war. Historically it produced 650,000 oz but they are likely to have missed a fair bit - there was no proper in depth drilling done, they pretty much just dug in whatever direction they saw the seams going. With modern technology would have thought they could find at least the same amount still down there, maybe more. Current market cap is £20 mill so seems value imo. Also Herencia resources is another one I fancy.
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her looks ok u think rise in price soon?
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have a look at SOU sound oil plc
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yes money tree I'm all over HER. There is an drilling update due towards the end of this month, plus news on the new joint venture they agreed last month. Now is the time to get on board I think, I reckon long term it's going to hit 50p+
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