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STERLING ENERGY big buyers about... (SEY)     

proptrade - 14 Jun 2004 11:58

anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/

graph.php?movingAverageString=%2C50%2C20

weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

gavdfc - 26 Oct 2004 08:01 - 1032 of 7811

Thats what i thought SWW, Maybe both will release a trading update later today. As for ROC, that was just me think out aloud. They do have quite a bit of West Afrcian exposure so I just put 2 and 2 together and came out with 5!

What did you make of the drilling update? All seems to me to be ticking along nicely amd we should get some results soon.

Eggs on toast beats my cereal!

seawallwalker - 26 Oct 2004 08:08 - 1033 of 7811

Well, it's more of the same.

I know a little about geology, enough to follow but they never quite release enough. In my view properly cautious.

Nice to see the Moneyam Team taking an interest in our bb.

Probably heard they can pick up a few cooking tips and dinner party ideas here!!

seawallwalker - 26 Oct 2004 08:26 - 1034 of 7811

Price dropping off today already.

May be a buying opportunity coming, maybe not.

Right, off to the sea wall.

Back in 2 hours or so.

gavdfc - 26 Oct 2004 08:33 - 1035 of 7811

Ian, many thanks for that. Seems that team SEY and it's thread is spreading, a cracking share complete with the added bonus of cooking tips!

From the drilling updates we have had, it seems to me that all concerned are working fast and very efficiently. Where else would we find a company with such an extensive drilling program with the weekly drilling updates that we get here. From the shareholders point of view, it's good to be regularly updated on the progress.

Price fell back a touch but now just ticked up again. No worries here.

Enjoy your walk SWW.

hilary - 26 Oct 2004 08:51 - 1036 of 7811

Are you and Doris long of these then Ian?

:o)

sandrew64 - 26 Oct 2004 09:59 - 1037 of 7811

Just having a cup of tea and a yum yum after topping up with a few more SEY shares!

gavdfc - 26 Oct 2004 10:08 - 1038 of 7811

A yum yum!! Not heard of these in years! Is that a long softish pastry type cake with icing sugar on it? Just away to make a cuppa, but no yum yum!

proptrade - 26 Oct 2004 10:18 - 1039 of 7811

morning all, sorry i am late...setting up a new trading desk. always fun, needed to install java just to get back on this site.

we love a bit of consolidation. as usual with these weekly updates about one in four says anything of consequence so this slight slip is good for those looking to add.

great chart earlier, when u are so close to the action (tick by tick) you sometimes miss just what a meteoric rise we have witnessed over the last few months. goes to show that the buy and hold strategy is alive and kicking...trade out at your peril!

Ian, thx for joing this little team and any contribution in a trading, admin or gastronomic capacity is always welcome.

rgds
proptrade

sandrew64 - 26 Oct 2004 10:22 - 1040 of 7811

That's the one! Only it's a honeyish glaze on the top. Not that easy to find anymore, only Asda and M&S seem to do them now...oddly enough the Asda ones are nicer. Yummmmmy

gavdfc - 26 Oct 2004 10:33 - 1041 of 7811

Sounds nice! My local baker sells them or at least uesd to, had a sugary sort of icing on top. Not had one in years. May have to change that though!

Prop, agree buy and hold. Thats my strategy, especially on oil shares. Said this on the PCI thread before, that the problem when trying to trade a share like this is that news can come out at any time eg - drilling update, new licences etc. Even more so when the company is in a period of significant newsflow such as we are here. When news comes out and if it's good, then there is the stampede to get back in and the sp has already been marked up so buyers pay more to get back on board. From my point of view, would much rather be in than try to make a few pennies by trading. Each to their own though.

proptrade - 26 Oct 2004 10:38 - 1042 of 7811

absolutely. i am not going to preach the value investor approach when it comes to SEY (because by definition it doesn't apply) but you kind of have to have a similar strategy..ie you buy into the potential idea and hold for the duration (and beyond if you believe enough in the integrety and ability of management).

Pond Life - 26 Oct 2004 10:55 - 1043 of 7811

Greetings happy holders,
Have been tuning in to your posts for some time now. Finally jumped on board yesterday following the news of the proposed African deal. Badly timed - bought at the top of the shop @ 20.45. Dammit. Still, if the price continues to move forward this will be history in a few weeks time.

proptrade - 26 Oct 2004 11:02 - 1044 of 7811

just your name alone makes you suited to this thread. we are trading a little tadpole at the moment. be patient, we are all holding until way north of 20.45...maybe look to average down in this consolidation phase.

seawallwalker - 26 Oct 2004 11:08 - 1045 of 7811

Hardman have produced a trading staement, which I have posted on that thread which gives a full update of where they are with the drilling.


I am not going to post it here as there are a number irrelevencies to this stock.

For interest sake, it is worth a read.

http://www.uk-wire.com/cgi-bin/articles/200410260857334682E.html

gavdfc - 26 Oct 2004 11:11 - 1046 of 7811

Welcome aboard Pond Life. All welcome to join in this party!

Prop, I would have seen this as more of a growth company which again goes back to the buy and hold strategy. You believe in what the company is doing and where it is going over the medium to long term. It's good to look back and see where we have came from, but it's better to look ahead and see where we are going here. You make a very valid point re the management, and I'm sure we wll agree here that the team here are excellent.

Looking at some numbers again. Sales in 2003 of 5.5m, 2004E of 14.2m and 2005E of 31.2m. Pre tax profit of 1.6m to rise to 14.3m in 2005E and EPS of 0.33p 2003 rising to 2005E of 1.23p. Of course, none of that factors in any new potential West African deal. Figures from Evo's last broker note.

Happy days here.

proptrade - 26 Oct 2004 11:24 - 1047 of 7811

Thx for the refresher on the numbers. this is one of the reasons why i think we are onto such a great name...these solid numbers are still factoring in WITHOUT a key deal. i feel this sp is conservative but the word is spreading. there is a real potential for a meteoric rise by the end of the 1Q 2005.

seawallwalker - 26 Oct 2004 11:54 - 1048 of 7811

Okay, you have convinced me guys.

I have put my spending money into another little cache of these.

Of course I would have liked cheaper than 19.43p, but lets face it any good news this week will leave that price well behind!

All imho etc.

sandrew64 - 26 Oct 2004 12:08 - 1049 of 7811

What do we do when the shed is also full!?! Buy a new one I guess....go SEY!!!

seawallwalker - 26 Oct 2004 12:14 - 1050 of 7811

I am doing chicken and bacon pasta bake today.

Use 1 chicken breast per person, Sainsbury have a nice deal on at the moment which is unusual for them, buy one get the second for 99p, 4 breasts to a pack.

With Chicken, in fact any raw meat, prepare the surfaces before you start, by cleaning them. Have a bowl of hot soapy water ready for any implement and hand washing, which must be done immediately after touching any meats, but especially poultry.

Using a sharp knife, cube the breasts and place directly into an oven dish preferably with a lid.

A German Chicken Brick is excellent for all these types of dishes.

Wash the surface down that you used, with hot soapy water and an anti bacterial cleaner.

Take as much bacon as you like, smoked is my favourite as it adds something to the mix.

Cut this into small pieces approximately 1cm square.

Put these on top of the chicken.

Wash your hands!!!

Sprinkle grated mature cheddar to your taste over this and then pour over one jar of Dolmio Pasta Bake, (why bother making your own when they do it?)

Open a bottle of decent Chianti!

Important!!!!!

Drink one glass while performing the next step!

Cook the pasta, any vaiety that you really like will do fine.

Add half a glass of Chianti to the strained pasta which you have by now placed back into the saucepan!

Drink one more glass of Chianti.

Mix in one more jar of Dolmio Pasta Bake sauce into the pasta, and then pour on this on top of the meat/ cheese mix.

Sprinkle one more helping of cheese on top of this according to your taste.

Put the lid on the dish and then there are two or more ways of cooking.

If it is in a Chicken Brick, you can put it into the oven 2 hours before serving at gas mark 2.

If it is not in a chicken brick, please place it into the oven at gas mark 4 90 minutes before serving, in the last 30 minutes in both cases, remove the lid to allow the cheese to brown, while finishing the glass of Chianti.

At the end of the cooking time you should have;

1. Opened another bottle of Chianti
2. Finished the first bottle of Chianti
3. Have a very fine warm feeling inside of you, and
4. A very nice dinner

All imho and dyor of course..............

AdieH - 26 Oct 2004 12:15 - 1051 of 7811

This is a fun thread, bought in yesterday too, looks like a good receipe might try that also.
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