Re: iii trading site down since start Thanks Elena - AJ Bell looks like a possible option, although sometimes you need to be careful with the smaller providers too. It's not an easy call. TDW were great all round.NormanB - not sure if this applies in your case, but there is a note that you can only vote once per stock per 24 hours when posting. Separately, but related, I've seen numerous times a post is posted with a Strong Buy, even though the user apparently didn't select anything! Certainly something not right with it.
Re: iii trading site down since start Elena as you write: "You are correct this morning was a shambles."I note that the top right day's change shows -94.60 (-98.95%) as iii regularly displays on various different random shares throughout the day. Nor can I use the Buy/Hold/Sell buttons due to sloppy CSS programming, that shows the IT people haven't even bothered to check compatibility with the main browsers. Either utter laziness or incompetence. In a word iii is PATHETIC. (Let's see if that's inappropriate language.)
Re: iii trading site down since start AlBrad,You are correct this morning was a shambles.AJ Bell charge £7.50 a quarter max and have an APP. iii used to use AJ Bell for SIPPs.[link] I tried to post this earlier it would not let me.Inappropriate language.
Re: CB Special Offer !! People talk about dilution, but dilution in this instance is good.Debt is reduced and there is appetite for stock which we all know is improving as Oil sales increase (Catcher).If the dilution was for working capital that would be different.Its not.. Its paying down debt.PMO are lining themselves up for something big.Catcher only at 60k will be filling those cash coffers quicker than they can be emptied.With debt all but removed (Very much more manageable) Sealion is a very real next stage goer.Zama as well towards the end of the year?So so pleased to be holding PMO.I am always one for stating the obvious, that no one knows what news will come next.Shocking and very very sad is the announcement that Dolores O'Riordan was today found dead at just age 46. One of if not the best female singers (IMO) to grace this earth. Very sad indeed.
CB Special Offer !! It will be interesting to see how this pans out on Wednesday, when we know how many CBHs have taken up the "special January sale offer" to convert to equity and on Friday when the new shares hit the market.I have spoken to IR and my understanding is that institutional buyers are being lined up by PMO's brokers and that there is a healthy market for the new shares. Current demand supports this thesis, so I would not expect a load of new shares to hit the open market and kill off the SP come Friday.However, the sums for the Market Cap, Debt etc do have a bit of rebalancing to do and it will be interesting to see if that brings about a dip in the SP or not.PMO are expecting about $100M CBs to convert. There are still $235M outstanding CBs from the original $245M. On that basis, we get about 110M new shares (74.4p = $0.9136, so $100M/0.9136 = 109.5M). Note: The FX was fixed at 1.228.This gives a dilution of 17.3% (110/(525+110).However, it's important to remember that net debt has been reduced by $100M.I'm not up for making any predictions on the outcome of the SP but hopefully it will hold up well.The bigger risk is if Brent takes a nose dive between now and Friday. That would not be helpful.GLA.
Re: My take on Premier Oil Montevideo,I don't see a scenario where this process accelerates wildly. I would much rather wait for steady increases.If the PoO does reach $100 or more that would help investments here but remember that very high oil prices can damage economies.Regarding the starting price of my projected 250% increase the SP closed at 96p when I posted.The share price was much higher just a few years ago so my target has a high probability of success.Today was a good rise on decent volume.Good luck to all holders.---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- Dear ElenaDo you see a scenario that accelerates that 250% return in a matter of months, not 3 years? Where Brent PoO stays around high $67-75 per barrel. Thanks
Re: Brent over 70 and holding Imo, Emerald is a really good sport. He puts up with a lot of teasing (including from me) without complaint and even gives blue ticks to teases.I admire his good nature and tolerance (even if he can sometimes overdo the updates on POO). Credit where credit is due.
Re: Brent over 70 and holding I always knew Emerald would suffer cardiac arrest when Brent hit 70.
Brent over 70 and holding Where are you Emerald?KR dif
Re: iii trading site down since start Will do - just received an email saying my transfer from ii to IG has begun, but there is still time to cancel. iii has always had problems - I'd always be emailing them about issues, but they'd never get fixed. They seem to have tied themselves to a shabby IT outfit a few years back, and their modifications to the (once great) TDW interface has their fingerprints all over it.TWD also didn't charge you an annual account fee if your account balance was over a modest amount.iii come along, and they're going to milk you of £90 a year whether you use their trading credits or not. Certainly one way to boost their income from investors that rarely trade - which is why it stinks. I can't wait to get away from them - but most outfits now seem to be charging an annual fee.
Re: Where is the share price going in the ne... Gibman11You are correct the CBHs are not natural holders. I just want to highlight the fact that they are not sellers either . They hedge their convertible bond return by hedging what is essentially a call option by neutralising their equity risk ! Collect the % return on the bond with no risk ! Great in a low interest rate environment and great if the underlying firm price the bond cheaply as it had to and great if the firm balance sheet is not in danger . There is no natural shorter out there that I have spotted. As its quite obvious that PMO's balance sheet is improving, Hedge funds all want the convertible as its lowered risk is attractive as is the easy yield . As the share is quite liquid they love that too as its easy to find the hedge . Had the hedge fund managers been say for example's sake Marshall Mace or Odey then it would have been a different story . As they are both natural sellers/shorters of stocks as they are funds that short on fundamentals . What is important to understand when looking at who holds what and who is shorting is their mandate and strategy . I prefer to keep it all technical being a technician, or keep it quant based in my portfolio, but fundamentals are something I look at avidly too. May I ask you a question are you BigGib ? Or that is unrelated to you ? All the best onedb1
Where is the share price going in the next six months? Prior to PMO managements latest offer to the CBHs, I was of the opinion that as the two major factors driving the share price (ie PoO and Catcher Production) were positive, the share price would rise to around 104p (which it has) and CBHs would be slowly flushed out and they would convert to shares. As the shares were sold in the market the price would tend downwards (very slightly) but would come back up again as the underlying was inevitably upwards. This was going to continue until late July when TD would buy the remaining CBHs out at 104p.In essence, this would be a slow burning rights issue.As onedb1 has said, the CBHs are not natural share holders; they want income. They are natural sellers of shares.However what has happened is that both drivers of the share price are on a roll (big ones at that) and we have reached the 104p more quickly than was anticipated.The CBHs consequently can get their 104p in the market and dont have to wait for TD to dip into his pocket In late July. The scene was therefore set for a mass uncontrolled early conversion. The slow burn rights issue was going to turn into a bun fight.TD therefore has come up with his offer which is giving the CBHs share instead of them having to wait for their 2.5% income.My guess and it is only that, is that PMO will find buyers for the shares and bingo the rights issue is complete.I would have expected to see some sort of constraint applied to the CBHs to stop them all selling their new shares in an uncontrolled fashion, but it wasnt there which is why I'm guessing PMO will handle it.Once the'rights issue' is out the way we are on a steady climb. £3/sh when the EDIDAX is back to 3. £5/sh when Tolmount comes on line. I can even dream up bigger numbers.My 2 positive takes from the trading statement.Each Catcher well tested to 20TBD (very nice wells)Chim Sao infill wells producing at 6TBD (infilling vessel capacity very nicely)Good stuff TD and Team
Re: iii trading site down since start Do let us know if you find a decent reliable outift...I liked TDW...Never a problem.III come along and "Tweek" the site.... Effectively change the colour scheme and make the site less user friendly.It may be co-incidence, but it could be they are just amateurs.I am not impressed with them at all.When they can not even get the forum buttons working properly and do not return calls about it that sums them up in my opinion.
Re: iii trading site down since start ii platform is crrrap - always has been. They can't even deliver RNS' reliably, what hope have they with the trading platform.And they have the cheek to charge £90 a year to have an account with them, and can't even keep their trading platform online!!I was with them years ago, then moved to TDW - whose service was faultless.Then the ii c***s take them over, and it's all gone shiiit again, even though it looks like they are using the old TDW trading platform, with a few usual (shiiit) ii tweaks!!I was in the process of transferring my ii accounts to IG, which I hear a lot of people were doing, however, they are soon to start applying a £96 a year "account custody fee" - f**kers!! So now thinking about cancelling the account transfer until I can find somewhere better than here.
Re: My take on Premier Oil Oil is going to fly through $100 with ease...The world is not a stable safe place..Yes, from our homes and our lifestyles it is, but the reality is many 1st world countries and areas are fast resembling 3rd world ghettos.The Middle East is a cauldron... Absolutely waiting to spill over..Natural disasters can not be planned, but we will get a few this year, how extreme, what areas who knows..Oil is in demand as emerging economies grow.I could rattle on for hours, but my opinion is just that, whereas I read ANALsts opinions which totally contradict mine..Its all our own guesswork, and the real hard core fact is... Nobody.... Nobody at all knows what the price of oil will do next year nor the year after... Heck, they dont even know from 1 day to the next, which is why we have markets and swings.Enjoy the rise...I am firmly in the camp of £3.00 and above for even relative fair value..