keith thomas
- 26 Mar 2004 12:52
Anyone have any views on this? It was a recent play of the week in Share magazine a few weeks ago. They claim it has enormous potential, possibly another Cairn
keith thomas
- 29 Mar 2004 15:32
- 2 of 92
.
PARKIN
- 29 Mar 2004 21:12
- 3 of 92
IS THIS THE SAME THAT HAVE MADE APROACHES TO MAYFLOWER OR NOT ??
REASON IS THAT IVE LOOKED ON AIM &COULD NOT FIND ANY OTHER COMANY.
scpalmer
- 29 Mar 2004 23:42
- 4 of 92
PARKIN, No this isn't the same company that has made approaches to Mayflower. That would be Melrose (EPIC: MRO) whereas this is Melrose Resources (EPIC: MRS) who specialise in oil and gas.
keith thomas
- 04 Apr 2004 20:50
- 5 of 92
mitzy
- 17 Jul 2004 22:55
- 6 of 92
Shares magazine has Melrose as one of the blue sky tips of the year at 276p.
Andy
- 18 Jul 2004 00:04
- 7 of 92
mitzy,
the chart looks positive, I may well have a few next week.
Oil and gas is the sector to be in at the moment IMHO.
mitzy
- 18 Jul 2004 08:10
- 8 of 92
Yes Andy..I remember them being tipped in the Telegraph back in April at 220p but I never bought any at the time; however as you say the chart looks impressive with a possible break-out if 300p is broken.Long term they could rise much further according to the chart.
Big Al
- 18 Jul 2004 17:32
- 9 of 92
I have these as part of my CFD trading collection in 3 lots - 237p and 250p from last month and added at 275p Friday. Plenty potential IMO and I think we could see 3 (hopefully holding it) with in a week or two.
Recent open offer was 95% taken up in a heartbeat.
When she moves, she moves very quickly!!! ;-)
As noted above, smallcap oil and gas is probably the hottest sector just now.
Al
;-)
Big Al
- 19 Jul 2004 12:54
- 10 of 92
She moved today.
;-)
Big Al
- 25 Feb 2005 10:45
- 11 of 92
Big Al
- 25 Feb 2005 10:45
- 12 of 92
hari
- 18 Aug 2005 16:38
- 13 of 92
What is Happening to MRS, does anyone know?
gavdfc
- 18 Aug 2005 22:45
- 14 of 92
Hari,
Don't know too much about MRS to be honest so can't comment if the recent fall is down to company specific news, it's not one I hold. But looking at the chart, it's had a great run up from around 240 in June to a peak of about 400 in August. Not bad for a few months work! :-)
I guess one could argue that on the back of that rise alone, it was due for a bit of profit taking of some sorts? But what I would say that it has probably just been hit along with the likes if SIA BUR DNX VPC PMO etc in this overall pullback of the oil sector. Just my thoughts FWIW.
Gav
hari
- 19 Aug 2005 08:45
- 15 of 92
Thanks for that Gav
mitzy
- 19 Aug 2005 09:33
- 16 of 92
I'm still in..
keith1966
- 29 Jan 2006 15:11
- 17 of 92
Talk of a bid from Dana Petroleum in Herald newspaper today.
required field
- 21 Dec 2007 18:19
- 18 of 92
There must be a rebound sooner or later on this stock, really beaten down,
now in production in Egypt with levels increasing, and a serious drilling program to
start, and director buying, job to know where the bottom is.
required field
- 24 Dec 2007 12:23
- 19 of 92
There is a little upturn today, could we start to see my expected turnaround ?
required field
- 31 Dec 2007 09:04
- 20 of 92
Possibly hit a resistance level, could this be bottoming out now, hope so!
required field
- 04 Jan 2008 11:57
- 21 of 92
Good news today, at last the start of a possible rise.
mitzy
- 04 Jan 2008 16:53
- 22 of 92
All we want is a bid above 400p..
required field
- 04 Jan 2008 18:29
- 23 of 92
Frankly, I'm surprised there's not more people buying this because to me at least this looks very promising.
mitzy
- 04 Jan 2008 19:02
- 24 of 92
Held for nearly 4 years now and still down.
required field
- 07 Jan 2008 12:08
- 25 of 92
Don't sell now mitzy, steady climb now, should go past 325p.
mitzy
- 07 Jan 2008 12:49
- 26 of 92
I'm not long termer for me..
required field
- 08 Jan 2008 08:55
- 27 of 92
It doesn't take much buying in this stock to put it higher, so the day when serious buying comes in : this will fly.
required field
- 08 Jan 2008 16:35
- 28 of 92
Really weird movements on this one, it seems to me all you have to do is sneeze on your computer and it will move either way.
required field
- 08 Jan 2008 16:45
- 29 of 92
Atchoum !, now look what you made me do, sharp movements in the last 5 mn.
required field
- 08 Jan 2008 16:51
- 30 of 92
BLess you!
required field
- 08 Jan 2008 16:51
- 31 of 92
Cheers, thank you !
required field
- 15 Jan 2008 22:16
- 32 of 92
Tighter spread now, much better, can see this rising further regardless of the market drop.
required field
- 17 Jan 2008 10:55
- 33 of 92
I wish the market makers would narrow this spread, it might attract some punters !
required field
- 21 Jan 2008 09:20
- 34 of 92
Ridiculous this market, good news 1.25p up, and a nonsense spread.
required field
- 23 Jan 2008 22:38
- 35 of 92
Trickling up bit by bit ....
mitzy
- 23 Jan 2008 23:16
- 36 of 92
going well.
required field
- 24 Jan 2008 17:24
- 37 of 92
A surge at the end ; up to 350p now and nobody interested..!
mitzy
- 24 Jan 2008 18:17
- 38 of 92
Yea thats great..
required field
- 05 Feb 2008 17:52
- 39 of 92
Woweee !, hello hello hello, what's going on here then ? up 43p at close of play, no info... that I can see, hmm !, might be a reversal tomorrow morning ! we shall see !
mitzy
- 05 Feb 2008 17:57
- 40 of 92
At last after 5 years I am in profit incredible.
If there is a bid its about time.
mitzy
- 07 Feb 2008 09:58
- 41 of 92
I 'm holding for a bid its got to happen around the 500p level imo.
required field
- 08 Feb 2008 21:52
- 42 of 92
Up again, steady riser, looking good and some serious drilling getting under way !
mitzy
- 10 Feb 2008 21:09
- 43 of 92
A look at the chart..
required field
- 19 Feb 2008 11:16
- 44 of 92
Good news today, sp should rise steadily !
required field
- 20 Feb 2008 09:08
- 45 of 92
This had a broker upgrade yesterday : target 450p !
mitzy
- 20 Feb 2008 09:26
- 46 of 92
what broker..?
required field
- 20 Feb 2008 09:30
- 47 of 92
Euhh, it was on teletext channel 4, (I should have made a note of it, sorry!).
required field
- 29 Feb 2008 17:43
- 48 of 92
Superb end of day close, since December tremendous rise !
mitzy
- 29 Feb 2008 23:50
- 49 of 92
I agree oil $102 should help .
required field
- 04 Mar 2008 08:16
- 50 of 92
Breakout from 350p area !
required field
- 18 Mar 2008 09:21
- 51 of 92
Now that the losses fom the Bulgarian debacle are out of the way, we can now look forward to increases in production...profits and 16 wells ! yes 16 wells to be drilled in 2008...did I hear you say the word "busy"!, there are not many other oil companies that I know of that that are so active !
required field
- 27 Mar 2008 15:04
- 52 of 92
Nasty pullback here...I'm hoping for some good news soon !
canary9
- 27 Mar 2008 15:53
- 53 of 92
Directors exercising options could be the reason for the fall, but they had to exercise them by 4th April 2008! Top up opportunity?
required field
- 03 Apr 2008 10:12
- 54 of 92
Rebound now...thank god for that !
mitzy
- 03 Apr 2008 10:13
- 55 of 92
Its a good trading stock.
required field
- 15 Apr 2008 16:34
- 56 of 92
Melrose melrose on the wall, who's one of the prettiest mid-caps of them all ?
mitzy
- 15 Apr 2008 17:42
- 57 of 92
Nice.
mitzy
- 23 Apr 2008 18:05
- 58 of 92
required field
- 24 Apr 2008 08:48
- 59 of 92
Touch of the Dnx's for MRS this morning ...flying along with TLW !
required field
- 25 Apr 2008 08:19
- 60 of 92
Good figures....doing fine !
mitzy
- 25 Apr 2008 08:44
- 61 of 92
Excellent figures.
ot Hardy edging up again.
mitzy
- 28 Apr 2008 12:08
- 62 of 92
mitzy
- 29 Apr 2008 10:53
- 63 of 92
Having a go at 400p.
required field
- 02 May 2008 22:22
- 64 of 92
If we could break through the 400p barrier then 430p might be quickly achieved !
mitzy
- 02 May 2008 22:32
- 65 of 92
Looking that way round about July I guess.
required field
- 08 May 2008 16:17
- 66 of 92
Just can't quite punch a hole in the 400p barrier !
mitzy
- 13 May 2008 09:42
- 67 of 92
required field
- 04 Jun 2008 13:38
- 68 of 92
Another great update from MRS....what happens the sp drops....weird ! this should be way above 4...!.
required field
- 25 Jun 2008 11:27
- 69 of 92
Well...well...well.., looks like this is turning into a Portland gas project in the Black sea !.
required field
- 15 Jul 2008 17:47
- 70 of 92
Apart from IEC...along with DNX...performing well at the moment...well worth 500p !.
required field
- 31 Jul 2008 08:27
- 71 of 92
Another good update....should go above 450p now !.
required field
- 28 Aug 2008 11:42
- 72 of 92
Good turnaround with this set of results....future looks very good indeed....as long as oil and gas remains strong....the sp should climb !.
mitzy
- 26 Mar 2009 08:56
- 73 of 92
Recent fall overdone bought some today to add to my lt holding..gl.
mitzy
- 30 Mar 2009 16:36
- 74 of 92
The chart suggests a rise back to 250p..
mitzy
- 17 Jan 2010 20:12
- 75 of 92
update this week.
mitzy
- 18 Jan 2010 13:16
- 76 of 92
I'm in shock today .. up 10%.
hlyeo98
- 01 Nov 2010 18:01
- 77 of 92
In shock again today... 270p.
required field
- 01 Nov 2010 18:03
- 78 of 92
Not in...never seems to do anything nowadays....
hlyeo98
- 22 Nov 2010 13:41
- 79 of 92
240p... no sign of support yet
mitzy
- 07 Dec 2010 08:51
- 80 of 92
Support at 230p..
Philcom
- 13 Jan 2011 23:35
- 81 of 92
Shares Mag of 6 Jan says "buy at 2.37 as exploration potential is recognised" !! Its very bullish saying "Melrose placed for bumper 2011" !! The article in Shares is very 'persuasive' but do we believe what we read? Thats the question !! But up 4p today and at 2.54 maybe just maybe !! :)
halifax
- 14 Jan 2011 16:29
- 82 of 92
like this one appears undervalued with plenty of news to come.dyor
mitzy
- 15 Jan 2011 10:01
- 83 of 92
Bought these @330p must be 10 years ago and still down they were tipped by shares mag as a bluesky stock to have a punt.
I'm waiting for a bid at least for 330p.
halifax
- 15 Jan 2011 13:58
- 84 of 92
Robert Adair controls almost 51% so you may not have long to wait.
Balerboy
- 15 Jan 2011 14:40
- 85 of 92
The Financial Services Authority (FSA) is set to close the firm down for breaching minimum capital requirements in what would be the first action of its kind against a European private equity house.
Advantage, which has former Sun editor Kelvin MacKenzie on its advisory panel, has been battling its cornerstone investor Robert Adair, the oil and gas magnate.
Mr Adair, the founder and executive chairman of oil company Melrose Resources, had personally committed 90pc of Advantage's latest fund. But despite having a fortune estimated at 210m, Mr Adair asked the private equity firm to suspend his obligation to invest last year, claiming to be in "financial difficulties".
Advantage's co-founder Martin Bodenham said that despite regular communication with the FSA the outlook looked bleak for the fund. "With no income and no chequebook to write new deals we are trading at a loss. This is fast eroding our positive net assets.
Good bloke to trust!!
Balerboy
- 15 Jan 2011 14:48
- 86 of 92
The firm may yet pull through. A court ruled that Adair was in breach of his contract, and the firm will find out what compensation it will receive at a hearing in June, according to Advantage co-founder Martin Bodenham and his lawyers. Bodenham said last month that the firm had cut its costs to meet the FSAs minimum capital adequacy tests.
A spokesman for Adair did not respond to requests for comment.
Might find in june he won't be 50% holder.,.
halifax
- 15 Jan 2011 17:46
- 87 of 92
BB Adair recently increased his shareholding and is a majority shareholder, perhaps with a view to selling up.
hlyeo98
- 06 May 2011 20:01
- 88 of 92
Oil and gas group Melrose Resources has cut its full-year production guidance by 8% after disappointments at two of its Egyptian wells.
The firm now expects to produce 40.5 thousand barrels of oil equivalents per day (Mboepd) in 2011, down from its previous guidance of 44 Mboepd.
The North East Abu Zahra-1 gas well experienced water breakthrough back in December, and the group saw the well rate decline rapidly until it ceased to flow last month.
The company now plans to drill a replacement production well in the field at the crest of the structure after completing the current West Dikirnis horizontal well. This will result in the deferral of production but has no implications with respect to the field reserves, the group said.
Meanwhile, its two Bulgarian gas fields, Kaliakra and Kavarna, have continued to show good production and are producing at a combined rate of 46 million cubic feet per day.
The ultimate proved plus probable reserves estimate at its Kavarna field in Bulgaria has been raised from 25 billion cubic feet of gas (Bcf) to 27Bcf.
hlyeo98
- 06 May 2011 20:18
- 89 of 92
dreamcatcher
- 02 Sep 2012 08:18
- 90 of 92
..Questor share tip: Melrose purchase is a smart reason to invest
By Garry White | Telegraph – 26 minutes ago
Melrose (LSE: MRO.L - news) 236.7p Questor says: Buy
Melrose, the industrial turnaround group, saw profits fall in the first half, but this was down to costs involved in a big acquisition.
The company has a model similar to private equity it buys struggling businesses and improves them, before selling them on at a profit.
Last week, Melrose completed the purchase of German gas and water meter group Elster. It financed the purchase through a £1.2bn rights issue. The future upside from the group is through the development of "smart meters" that can measure and control the use of basic utilities such as water and gas, saving the customer money and using less energy.
Management are convinced that there are enough synergies in the business to boost profitability to meet their targets.
In the six months to June, pre-tax profits fell to £46.3m from £58.9m on revenues that were 9pc ahead at £564.6m. However, once refinancing and M&A costs are stripped out, profit rose 16pc to £81.9m. The interim dividend was maintained at 2.6p and it will be paid on October 19.
Although the general market backdrop is tough, the company was generally upbeat. "Group order intake remains higher than revenue, giving us confidence for the second half of the year," Melrose reported.
Questor last gave an update in June, when the shares were at 370.6p. The successful rights issue provided two new Melrose ordinary shares for each existing share at 142p and the theoretical ex-rights price (Terp) based on the day before the shares traded ex-rights is 210p. With a great management team and a proven business model, Questor keeps Melrose a buy after the Elster purchase.
mitzy
- 02 Sep 2012 21:17
- 91 of 92
Unfortunately its the other Melrose.
dreamcatcher
- 02 Sep 2012 21:43
- 92 of 92
oops!!!! Sorry about that