I bought into these yesterday and they are rising steadily. Main market listing with results in August and the market seems to like them. They are in the rapid growth oil and gas support area.

Excellent trading statement--results in Aug. I'm surprised there's not more interest in this one--the sp is rising nicely and it seems a good solid one for the isa.

excellent rise today. where are you all????

lol, making money is such a lonely thing sometimes isn't it ?

Got some yesterday morning at 4.67 on the slight dip, was looking to add this morning but price ran away from me.

Decent volume over the last few days suggests more to come.

all the best

capa

thanks capa--nice to hear from someone!

still rising--still no interest I see!

It does move around a lot intra-day also the spread at times is quite prohibitive.

Added some more yesterday at 5.36

capa

Results have been very well received, makes a change to see upward movement after results day, especially considering the price rise over the last few months.

You still in moneyplus?

capa

took profits yesterday as I expected a drop today...wrong again!! I hope to buy back on the next market dip. o/t have you heard the rumour about a massive market drop in the 3rd week in sept? some enormous shorts being placed according to posters on the other side like some placed just before 9/11 disaster rocked the markets -not sure what to make of it at all.

sold out myself now moneyplus on back of the rise today.

totally unaware of the rumour mentioned in your last post, thanks for highlighting it. could be urban myth becoming a self fulfilling prophecy, doesn't take much to cause a panic in these markets. Worth keeping a cash pile handy for any bargains that come around. WSM at 5.00 again would be nice

all the best

capa

Bugger, fat chance of 5 now.

capa

God what a miss.THANKS FOR THE TIP MONEYPLUS.UP 77p.

I made a nice profit but still kicking myself for selling at 5.90! It's so difficult to second guess the market---I held jhl and their figures seem excellent but still a steep dive in sp today that's what I expected of wsm !! No good moaning-good luck those who are holding on.

SORRY but its up again. all good news.855/856.5p

Well I sold to buy Moneysupermarket which is just beginning to rise---still kicking myself though!

mp
You must be full of bruises.

lol driver---all mine are deep red at the moment except vyke so selling wsm, my remaining sola and also fxpo were not my best decisions! cfe looks hopeful, tom is sinking and yoo,seo etc are in the dog basket!! I hope you are prospering.

Lots of positive press and broker comment earlier this week seems to triggered a further surge - not to mention the effect of consolidation rumours within its subsector.

go to google.com and search Wellstream within the NEWS area there. It shows a stack of coverage in half a dozen papers.

17th June 2007

Wellstream International Ltd has entered into an agreement with an affiliate of Hydro and Anadarko Petroleum Corporation worth 18m for the supply of twelve (12) 11.5-inch ID flexible risers for the Peregrino project offshore Brazil. These risers will be used to connect subsea pipelines to two wellhead platforms and an FPSO in a water depth of approximately 125m.

The pipes will be partially manufactured in Newcastle before delivery to Wellstream's new Brazilian manufacturing facility in Niteroi where the pipe will be completed for loadout at the adjacent Bardella Base. Delivery of this contract is scheduled for 2nd quarter 2009.

CEO Gordon Chapman commented "We are delighted to have been given the opportunity to supply risers to the Peregrino project and to continue our long-established relationship with Hydro. This project continues to build on Wellstream's excellent track record with international operators working offshore Brazil, and follows the successful execution of projects such as Shell Bijupira/Salema, Devon Polvo, and the ongoing Chevron Frade, which is currently in the manufacturing stage. With the award of Peregrino, Wellstream will have supplied all of the non-Petrobras flexible pipe projects in Brazil to date."

Wellstream International Limited is a wholly owned subsidiary of Wellstream Holdings PLC (FTSE:WSM). The company is a leading designer and manufacturer of bespoke flexible pipeline products, systems and solutions for the oil and gas industry. Its pipeline portfolio includes established product lines such as dynamic flexible risers and static flowlines, for deep and ultra-deepwater environments, in addition to newer products designed for onshore (FlexSteelTM) and high temperature/high pressure products for drilling and service applications. With over 700 employees internationally, Wellstream has offices/facilities in Newcastle upon Tyne, UK, Panama City, Houston and Denver, USA, Calgary, Canada, Rio de Janeiro and Niteroi Brazil and Perth, Australia. Further information regarding Wellstream, its products and services can be accessed at www.wellstream.com.

BROKERWATCH Wellstream target price raised to 1,100p at Credit Suisse, rated 'outperform'


LONDON (Thomson Financial) - Credit Suisse has reiterated its 'outperform'
rating for Wellstream, raised 2008-10 EPS estimates and target to 1,100 pence
from 800 on the back of higher capacity in Brazil and slightly more bullish
pricing assumptions.
In a note to clients, it has changed its assumption for existing Brazilian
capacity in 2008 from 100 normalised kilometre or nkm to 150 as management has
indicated that this is the exit rate for 2007 and it has confidence it can be
sustained at this level. It said overall its EPS estimates rise by 45 pct in
2008, 30 pct in 2009 and 48 pct in 2010 to 53.3p from 36.7, 65.0p from 50.0 and
77.7p from 52.3 respectively.

tf.TFN-Europe_newsdesk@thomson.com
nma/lam

What caused the rise today? Ayone know??