UK Stockmarket 2009 and beyond

tradetime

Hindsight is always 20 / 20. I did not like banks because they were at the center of the storm, there was no transparency as to what any individual banks exposure was, so it was a coin flip as to who would come out the best, even the expert analysts in the banking sector did not know.
Alongside that individual company shares are not really my thing even in the best of times.

cloud_dog

Something appears to be bubbling at MXP, up 24% today.

Just give me the damn update!!!! (I'm getting a little bit antsie)

tradetime

Nice move indeed

tradetime

The potential double top in the Nasdaq remains in play, though yesterdays bullish action, and daily close above bodes well for the possibility we can move on. The only real worry is the extremely bullish put / call ratio, but nothing on its own can be viewed as giving market direction.

JonnyBravo

sabretoothtigger wrote: »

Noticed EMED rose 20% yesterday. Not sure why but it was fairly cheap, cant really predict it.
Hence I only own a token amount in it

Keep that token amount. At least it's on the up.
Another 20% today and plenty more to come once Administrative Standing is granted.

:j

cloud_dog

cloud_dog wrote: »

Just give me the damn update!!!! (I'm getting a little bit antsie)

Well, they gave me the update and my antsiness has abaited but........

Unfotunately the market has reacted less than favourably to the RNS (atually closed down today).

Reasons for this are probably many but my feeling is that MXP were obligated to release news of what they knew but because of the mess up with getting the right authorisation in place they have not been able to adequately complete the flow (rate) testing etc; hense the RNS today.

My view on the RNS is that it significantly de-risks the well and potentially MXP as a whole. MXP have a large debt position atm but more reserves removes the risk associated with the debt.

The RNS numbers are from the durassic zone only (which the drill wasn't even targeting) and are at challow depth hense the low flow rate (which would increase once in production)

So we need to wait a little while longer for the results (BoE, flow rates etc) from the triassic and durassic zones (RNS says several weeks).

Always jam tomorrow

JonnyBravo

cloud_dog wrote: »

My view on the RNS is that it significantly de-risks the well and potentially MXP as a whole. MXP have a large debt position atm but more reserves removes the risk associated with the debt.

I got out of MXP a while back and only made a small amount. The debt has simply become too large an issue. I expect raising at an extreme discount and for shareholder value to be severely reduced..
I'm not sure where they're getting the money for ASK from? I thought they needed more for that but now see spud is due.
If that hits, it may change the game for the deeps.

Thrugelmir

ChrisEvanson wrote: »

Barclays were simply dragged down by all the panic about banks, but they had little sub-prime exposure and were perfectly strong to weather the storm without a government bail out, as history showed but as the stats showed too. It was a simple case of someone sneezing and everyone thinking everyone in the building had swine flu.

Barclays recovery was not difficult to forsee, unlike RBS and Lloyds who have much more work to do but the rewards will come for those I have no doubt.

So Barclays had no need of the £7.3 billion of capital they raised through Middle East investors?

That Lloyds has remained highly profitable throughout the financial crisis. (Read the Group accounts). The losses are all within HBOS. Given time Lloyds will be the UK's strongest domestic based bank.

cloud_dog

JonnyBravo wrote: »

I'm not sure where they're getting the money for ASK from? I thought they needed more for that but now see spud is due.

If that hits, it may change the game for the deeps.

The shallows are relatively cheap to drill and they are fully funded (I think there are four remaining out of 12/13).

The shallows are all about reserves, with increased reserves they mitigate the risk with the debt, it puts them in a stronger position regarding a farm in or raising capital for the deeps.

But..... it is more wait and see. Having said that MXP are now likely to be releasing a nRNS every two weeks for the next three months so......... let the good times roll :cool:

lvader

Thrugelmir wrote: »

So Barclays had no need of the £7.3 billion of capital they raised through Middle East investors?

.

Actually they probably didn't need it, it was probably a ruse to deflect from that fact they had just borrowed over 600 billion $ from the Fed.