> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




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img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=IEC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">
cyril

IEC returns to its usual volatile self ..... having looked at the trades, i do not see anything of any great size and overall volume was only about 708k, so in the absense of any new news (the rns was old stuff), i guess it's just profit-taking ..... so i bought back my top-slice

Yes their will always be a bit of profit taking,which in turn will cause the volatilty.
Trying to gauging a good entry point is difficult as the top size for IEC in the short term, not much more than 25%. I feel the sentiment for FSU stock might have just changed,so with that in mind i have bought into UEN. Similar problems and excellent assets, well undervalued imo, a bit of an underperformer this year but i
see that changing in the new year.So i'm hoping that rerating will come sooner rather than later, 3 times more trade today as against yesterday.
cyril

I guess I was lucky (for the moment). Having worked the figures out (I posted on iii yesterday saying I thought the sp should be 12.75) I decided to sell yesterday at 14.66p and was dismayed to watch them continue upwards to 15 plus.

But, today they've taken a knocking and are back down to 13.47p.

The 12.75 was based on a 25% share issue to Gazprombank at 9.

Once the Gazprom deal goes through (f it does) I'm back in, because I'm sure Gazprombank are onto something good and this share will fly once their a major shareholder....

niceonecyril - sorry, I didn't realise you came up with 12.50. Independently, I came up with 12.75 - so that gives me even more confidence about selling. I'll probably jump back in around 12.75 t0 13.00. My only hesitation will be if global oil prices start dropping as this will knock oil&gas shares initially on sentiment, until interims and finals are published next March.

mindseye it should be remember that the price of oil price on IEC has less effect
than one would imagine, due to the tax whereas over $27 a barrel(not sure of the exact figure) IEC pay 90% tax + other charges and its been worked out something approaching 96%.
Its why i sold up,although they make somewhere between $15 and $17 a barrel
profit. I believe it holds back the value of the reserves so holding back the M/Cap.
cyril

sp being whacked yet again today, but then so is virtually every stock .... God bless my running shorts in NRK and to a lesser extent SOLA!

sp currently nestling on 25 dma support ...... arguably a reasonable level at which to buy ..... so i bought back 1/2 my top-slice

http://www.investegate.co.uk/Article.aspx?id=20071121071351557I

Some result for a company of 3 years.
cyril

The above post refers IEC joining the FTSE 250 club.
cyril

Proposals with Gazprom ended, although an agreement of mutual co-operation.
Now was that the reason for yesterdays fall,or the cost of joining the FTSE 250 ?
cyril

not with Gazprom, but with Gazprombank .... it was the bank, not the gas/oil company that was talking of taking a 25% stake at a discount ..... they prob wanted it too cheap!

Thats true, taking a bit of a hit at the minute 1131/1143p
cyril

it was lower ..... think i shall stay put with my holding, though have been pruning in general quite severely ...... FTSE has not held its opening rise, but early days (try hours!)

Trading at 13.50 at the beginning of november before Gazprom were on the scene. NO reason why they wont go back up. Plus hopefully may get some institutions buying now were in the 250. Great time to buy some more!!!! 8-)

buying nothing! ...... it is worrying to see FTSE now down a fair bit after an opening attempted rally

Cynic, Thats my only concern as well, Could be the new year before we get a proper rally. SCARY!!! Recently sold out some of my biggest profit making shares saved a couple of thousand in potential lost profits in just one week.

i have pruned very heavily over the last week or ..... inevitably had some stinkers in the portfolio, but better to cut them out and move on

True bearish signals, it will take several days of consolidation, before the market dares to venture truly north, imo. Otherwise it seems to just drift, again some bullish statements around this morning, but doing nothing to send the FTSE higher, 6 months ago was a very different story...

Weve got to go through another rate cut in the States yet!

i rather hope there is not another rate cut in US as $ already horribly weak ...... further, it will exacerbate inflationary pressures and also imply a certain state of panic ..... UK however seems destined for a rate cut within the next 2/3 weeks