2014 share picks

ABC101

Ace2007 wrote: »

And so "nova" begins, up 22% today....

Well hopefully that is the first step to a upward and onward trajectory. However there have been a lot of false dawns with Ormonde over the last number of years.

A lot of shares traded last week, yet the SP went down???

However over on Interactive Investor.... some chap in Spain is quoting that October is the month, there was some objections from the mine's previous owners... but they have ruled in favour of Ormonde.

Needless to say... all hearsay.... no direct concrete links, until the RNS arrives that is all it is.

Anybody see Aminex share price over the last week or two???? Wow.!!!!!!!

best_worst

Ace2007 wrote: »

And so "nova" begins, up 22% today....

up less than 3% on the london exchange ,are we talking about the same ormonde ?

ABC101

best_worst wrote: »

up less than 3% on the london exchange ,are we talking about the same ormonde ?

Yes it is listed on both exchanges, AIM and ISEQ.

The SP has been rather volatile over the last few weeks. But it has got to be getting close now...only 8 days left in September. Will October be the month?

best_worst

ABC101 wrote: »

Yes it is listed on both exchanges, AIM and ISEQ.

The SP has been rather volatile over the last few weeks. But it has got to be getting close now...only 8 days left in September. Will October be the month?

well the LSE website doesnt show a rise today of 22%

ABC101

best_worst wrote: »

well the LSE website doesnt show a rise today of 22%

And the listing on the ISEQ?

Ace2007

best_worst wrote: »

well the LSE website doesnt show a rise today of 22%

I'm looking at ise not London

alanceltic

alanceltic wrote: »

Looking at the Chiquita performance the markets have decided that the Irish side of the deal is much more favourable as Chiquita only banked a 12% rise on the same news so the management have to be commended on the deal they struck. What is amazing on the face of it is that Fyffes are only bringing about 35% of the overall sales to the pot but have secured 49.3% of the new company's equity.

A fantastic piece on Irish news and great for shareholders but it only got token coverage by the Irish media. Interested to see if any shareholders intend cashing out or staying for the synergies to flush through.

Looks like the ante has been upped by Fyffes, they have sweetened the deal
with a NEWCO split of 60:40 in favour of Chiquita instead of the original 51:49 This was the only tactical counter which they could offer up and it is a significant increase on the original deal which I personally taught was very favourable to the Irish company and would have been an extraordinary coup if the deal went unchallenged. This definitely puts them back in the drivers seat and Cutrale will have to come back with a higher offer if is to have any chance of gazumping this deal! Interesting to watch an Irish company in the mix on a big deal like this!

euroboom13

euroboom13 wrote: »

iseq

1. bank of ireland(26.3c)
2.inm(12c)
3.ptsb(4.72c)

good luck all!!

Still on track for a great year!

1.BOI (28)
2.INM (14)
3.PTSB (7.6)

Good luck(lets hope the highs return, if not all good anyway beats deposits/gold/oil)

euroboom13

euroboom13 wrote: »

iseq

1. bank of ireland(26.3c)
2.inm(12c)
3.ptsb(4.72c)

good luck all!!

1)boi (31.6)
2)inm (13.8)
3)ptsb (7.7) don`t see anymore upside here in fact ,getting out

gla(pre-stress test weekend)

iamfromcork

Jesus think I'm lucky I panicked yesterday after reading about ptsb and sold at 7.9.

euroboom13 wrote: »

1)boi (31.6)
2)inm (13.8)
3)ptsb (7.7) don`t see anymore upside here in fact ,getting out

gla(pre-stress test weekend)

ABC101

Ormonde Mining ......

RNS 6225X.....

http://ormondemining.com/uf/ORM%20Barruecopardo_Award%20of%20Mining%20Concession_20141121_Final.pdf


Finally we have breakthrough!!!!!!:D:D:D:D:D:D:D:D

Mining permit granted at last!!!!:D:D:D:D:D:D

The next 12 months are going to be very very interesting.

D'Agger

Still at 5c per share, might purchase a couple for myself as a first investment!

ABC101

D'Agger wrote: »

Still at 5c per share, might purchase a couple for myself as a first investment!

Well there is still a lot of work to be done.... funding has to be raised for the capital expenditure etc. The mine could take another 24 months to get into production.

However a lot of things are going in the right direction. Over 7 million shares traded on the LSE this morning... and 600K on ISEQ, and the day is still young.

Shares are becoming a lot more liquid now!!

I believe SP Angel has a target price of 8 pence Stg, but I am not a client of theirs... so I cannot provide a link.

From Davy Stockbrokers https://www.davy.ie/research/public/morningEquityBriefing.htm

Mining permit issued
November 21 2014 | Job Langbroek | Morning briefing | 1 page(s) | Read Important Disclosures
The news that Ormonde has obtained a 30-year mining permit to proceed with the development of the Barruecopardo tungsten mine in western Spain is clearly positive. With an offtake agreement in place and now full regulatory approval, the last hurdle is the sourcing of capital development finance. This process is underway and should be facilitated by the fully permitted status of the project.

I think the big risk now is a take over bid. Risk for Ormonde that is... SP should still climb.

However, the fastest way to lose friends is to offer advice about which stocks to buy!!!!!

So if you do buy in... don't blame me if it all goes pear shaped!!!

Grawns

I topped up yesterday maybe I'm psychic!

ABC101

Grawns wrote: »

I topped up yesterday maybe I'm psychic!

No...... You know a good thing when you see it!!!:D

Ace2007

from reading a bit online about this, many believe the share price was in anticipation for them getting the permit, a lot of shares have been bought in the last say 72 hours and the share price hasn't moved, in fact it fell briefly today. The spread has also actually increased since the announcement.

Regarding financing, again a lot of the work was done earlier in the year and so most in in place.

I probably will get involved more, but i think it's not going to shoot up as fast as people imagine.

ABC101

Ace2007 wrote: »

from reading a bit online about this, many believe the share price was in anticipation for them getting the permit, a lot of shares have been bought in the last say 72 hours and the share price hasn't moved, in fact it fell briefly today. The spread has also actually increased since the announcement.

Regarding financing, again a lot of the work was done earlier in the year and so most in in place.

I probably will get involved more, but i think it's not going to shoot up as fast as people imagine.

Yeah hard to know what and when is going to happen. I thought we would see more of a rise in SP.

Considering the SP was over 7 cent back in August, when they were still awaiting final permit, now it is here, but there has been no rise in price at all really.

Given the volumes traded, I would have thought de SP would have risen, I mean there was a 5 million volume trade on de LSE yesterday, yet de SP did go negative for a time!!!!

We will just have to wait and see, however things are moving in de right direction, permit, good board of management, off take agreement etc etc

Let's just say I am optimistic!!

ABC101

Maybe my optimism has been misplaced.... down to 4.5 cent on the ISEQ today....awaiting financing news for the capital expenditure I suppose.

Very puzzling indeed. Perhaps as more good news arrives with Ormonde the SP will continue to sink until production starts or take over offer comes in?

Ace2007

ABC101 wrote: »

Maybe my optimism has been misplaced.... down to 4.5 cent on the ISEQ today....awaiting financing news for the capital expenditure I suppose.

Very puzzling indeed. Perhaps as more good news arrives with Ormonde the SP will continue to sink until production starts or take over offer comes in?

Was reading that the price of tungsten has fallen quite a lot - about 15% from say a year ago. I know very little about how the price works, i.e. why would go up/down, but if investors felt that the price should fall more for example, this would reduce any profits ormond would make and probably putting off investors.

ABC101

Ace2007 wrote: »

Was reading that the price of tungsten has fallen quite a lot - about 15% from say a year ago. I know very little about how the price works, i.e. why would go up/down, but if investors felt that the price should fall more for example, this would reduce any profits ormond would make and probably putting off investors.

Commodities have taken a bit of a beating with the global slowdown. From what I have seen on other sites some posters say that the break even cost of production for Ormonde is $99 / mt. Tungsten is around $315/mt... so there is a good cushion there.

With oil prices low... it should spur demand for various economies to grow a bit more. Which in turn will increse demand in other areas.

Unfortunately there have been a lot of false dawns with Ormonde SP... but definetly very good news last month with regard to the permit. Up next financing for getting the mine into production, hopefully there will be news about this in the next few months. The board of management of Ormonde also have some skin in the game, so things are looking good.

It should be just a matter of time now!!!:)

euroboom13

euroboom13 wrote: »

iseq

1. bank of ireland(26.3c)
2.inm(12c)
3.ptsb(4.72c)

good luck all!!

Year nearly done!2014

1)BOI 33.6c(year high/low 39c/23.6c)
2)INM 13.3c(year high/low 19c/10.5c)
3)PTSB 5.8c(year high/low 14.2c/4c)

Can't complain
Next few weeks seem positive too. Good Luck

gene_slackman

euroboom13 wrote: »

Year nearly done!2014

1)BOI 33.6c(year high/low 39c/23.6c)
2)INM 13.3c(year high/low 19c/10.5c)
3)PTSB 5.8c(year high/low 14.2c/4c)

Can't complain
Next few weeks seem positive too. Good Luck

i owned independent news and media from around 11 to 15 cents a number of months ago , surprised to see it hasnt improved more lately

euroboom13

Gene (INM)

Very suppressed myself. Hope it has a better first quarter next year.

ABC101

Looking at the Eurobank (Greece) share price today... down to 21.9c, it was 41c back in June!!

I wonder is Wilbur Ross wondering if he has done the right thing?? Technically he is right... but Greece seems to be getting a touch unstable at the moment.

Does anybody think there is a risk to Irish investors after the next GE? We may get to celebrate 1917?

gene_slackman

ABC101 wrote: »

Looking at the Eurobank (Greece) share price today... down to 21.9c, it was 41c back in June!!

I wonder is Wilbur Ross wondering if he has done the right thing?? Technically he is right... but Greece seems to be getting a touch unstable at the moment.

Does anybody think there is a risk to Irish investors after the next GE? We may get to celebrate 1917?

well the market certainly would not like it if a left wing goverment were elected

i was thinking ross had bought into eurobank

i thought about buying myself at the time only its not available to buy through saxo , lucky for me i was denied

lucky john

Its exactly 1 year since I started this tread so I suppose its time to tot up the figures. I picked 3 companies from the iseq because I think its easier to deal with the devil you know. It reduces the risk of a surprise bit of news popping up that your research didn't flag, plus no currency risk. Ireland was also just starting to dig itself out of a fairly big hole this time last year.

Inm.. . .12c today .134 +11.7% on the road to no where.
Skg(smurfitt kappa)... 15.95 today 18.11 +13.5% disappointed but definitely a keeper.
Airlingus 1.28 today 1.84 +43.80% cheap oil lit a fuse under it but getting its act together anyway.

Average gain of 22.3%
Iseq gain this year of around 15%.

Warren buffet advised to just go and buy a cheap index (s&p 500) etf rather than risk picking stocks. Is a +7% gain worth the risk. I'm not really sure but there's a little bit more fun in doing it this way for sure.

ABC101

lucky john wrote: »

Its exactly 1 year since I started this tread so I suppose its time to tot up the figures. I picked 3 companies from the iseq because I think its easier to deal with the devil you know. It reduces the risk of a surprise bit of news popping up that your research didn't flag, plus no currency risk. Ireland was also just starting to dig itself out of a fairly big hole this time last year.

Inm.. . .12c today .134 +11.7% on the road to no where.
Skg(smurfitt kappa)... 15.95 today 18.11 +13.5% disappointed but definitely a keeper.
Airlingus 1.28 today 1.84 +43.80% cheap oil lit a fuse under it but getting its act together anyway.

Average gain of 22.3%
Iseq gain this year of around 15%.

Warren buffet advised to just go and buy a cheap index (s&p 500) etf rather than risk picking stocks. Is a +7% gain worth the risk. I'm not really sure but there's a little bit more fun in doing it this way for sure.

You've done well enough... however the markets are very very uncertain at the moment.

I used to have INM... but when I saw the article in the phoenix about pref treatment for one of the major shareholders to the disadvantage of the ordinary shareholders... I thought... I've made enough and I am getting out. Glad I did too.... I think there are better opportunites elsewhere than INM. INM will probably rise very slowly over the next few years... but nothing dramatic...I think!!

Property porn is still struggling... as taxes are so high people cannot afford to get a mortgage. INM needs advertising revenue.

You could have done a lot worse... I wonder what Wilbur Ross is thinking, I see Greece is in the news again... for the wrong reasons... to quote

In Greece, Prime Minister Antonis Samaras on Thursday warned the country risked a "catastrophic" return to the depths of its debt crisis if his government fell, raising the stakes before a presidential vote this month.
Source http://www.independent.ie/business/world/european-shares-extend-selloff-as-energy-stocks-suffer-30826065.html

Always uncertain the future is!!

Ace2007

ABC101 wrote: »

Maybe my optimism has been misplaced.... down to 4.5 cent on the ISEQ today....awaiting financing news for the capital expenditure I suppose.

Very puzzling indeed. Perhaps as more good news arrives with Ormonde the SP will continue to sink until production starts or take over offer comes in?

price went from 4.5 up to 5, and today fell 20% back to 4, seems like a great price to jump in/top up at, but you gotta wonder what's going on.

ABC101

Ace2007 wrote: »

price went from 4.5 up to 5, and today fell 20% back to 4, seems like a great price to jump in/top up at, but you gotta wonder what's going on.

You gotta wonder indeed. Not making sense at all at all.

The closer Ormonde gets to actual production... the more the SP sinks!! Bizzare!!

I know there is a global slow down,,,, all stocks are down, commodities etc... but Ormonde is particularly volatile.

I see SP angel have a target of 8 pence... rising to 12 pence if underground mining starts. Source is proactive investors..

http://www.proactiveinvestors.co.uk/companies/news/75359/ormonde-mining-looking-at-financing-options-for-barruecopardo-reckons-sp-angel-75359.html

ABC101

ABC101 wrote: »

Looking at the Eurobank (Greece) share price today... down to 21.9c, it was 41c back in June!!

I wonder is Wilbur Ross wondering if he has done the right thing?? Technically he is right... but Greece seems to be getting a touch unstable at the moment.

Does anybody think there is a risk to Irish investors after the next GE? We may get to celebrate 1917?

Eurobank down to 17.8 cent and still dropping, dropped 14% this morning alone, Wilbur Ross must be getting worried!

It will be interesting to see what the vote transpires!

Greek bank stocks could be a total write off.