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

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



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

SWW, that is some post.....still wading through it.

Need a few cups of tea for that one SWW.. thanks. I have a nominee account and you miss out on all the gumff the certificate holders get.
I could use everybody's opinion on something if possible. Some very good friends are having a baby in the spring and I wondered about getting some shares in SEY for a christening gift. What does everyone think about an extremely long term hold on this one and also how do I go about buying them in the first place due to money laundering laws,etc. Any thoughts would be appreciated.
S

For a very long term stick to blue chips ftse 100. They pay a dividend which in some cases is as much as 9%. Look at the utilities AWG. Not a lot of growth but there's the dividend. Oils for a very long term try BP or Shell. May be go more defensive.

MS

i agree with MS, pick a big blue name that the little one can follow and receive divi's on (reinvested of course). if i was doing the same right now i would look at either GSK, AZN, oils or as even something like BT - possible splits could play out profitably over years. nice gift idea.

sandrew64 already know the answer for that one as I tried to buy shares for my son aged 15.

He can not legally hold shares until he is 18.

Hargreaves and Lansdown who hold my nominee account offered to open a second account in my name and put a reference to him so that techinically he owns the shares but they are in my name.

They sent papers which I purusedbut I elected noit to bither that way as I would incur a second management fee for them.

The other thought I had was to buy the shares with a certificate, in my name, and will it to him should I expire before he wishes to cash them in.

The name on the certificate matters not provided they are guaranteed not to cash them in on a rainy day.

Maybe you could do that in your name and will the shares to the child?

Matters not who you invest in, that is your choice.

Blue chip sounds good, fairly safe bet, whereas we all know we could really do well, or not with these!

SWW,

Excellend find!

Thanks.

Thanks for your helpful comments and suggestions everybody. I had a feeling it wouldn't be that straight forward but willing them on sounds like a good idea. I'll look into all your share ideas and I know blue chip makes more sense probably...just seems a bit boring. The baby isn't due until March, so plenty of time to decide.
Thanks again, S.

Funnily enough, have just been discussing problems of children investing on Traders Thread, Nov 3. I have CGT liability for my 16 year old and he has been investing using my comdirect account. Someone suggested just opening another account using his name, initials and then there would be no tax liability to me. Sounded good and would be easy to do on comdirect (no cost) but would have to check that the tax man thought it proof enough!

sandrew, very nice idea but I would go for something more blue chip too. Perhaps you could open an ISA in the baby's name?

Give them some lloyds - it is committed to paying a fat divi year after year and being the smallest of the big 4/5 it will be the first on a foreign banks shopping list.

Just a theory. Probably complete cobblers.

NP

I stole it from ADVFN! Explains todays rise with HNR and ROC

Stolen from Hotcopper

""This artical was published in trading room news letter which suggests the potential wealth could be raised from Mauritania discovery.
Surging oil prices and demand combined with signs of oil in two new wells have seen Woodside's share price reach stellar heights in recent times. CommSec energy sector analyst Michael Smiddy says Woodside's long-term outlook is strong, driven by Enfield, Mauritania and the Otways, among others. But this is largely reflected in the current share price. Every $US1 change in the long-run oil price changes Woodside's value by 61 cents a share.
The company's skill in exploration delivered the North-West Shelf gas discoveries and a spate of other major gas fields in the 1970s. Now Woodside, Australia's largest independent oil and gas producer, is close to its biggest prize as it targets oilfields off the coast of Mauritania in West Africa.
In Mauritania, Woodside is leading its junior partner, Hardman Resources, in a multiwell drilling program, which could add as much as a billion barrels of oil reserves to the existing Chinguetti and Tiof fields already under development. ""

as much as a billion barrels of oil reserves to the existing Chinguetti and Tiof fields already under development

Is the important bit

Those two big sells today look suspiciously like the two big buys of last week.

Someone with more money than sense having a game??

Is it you daves dazzlers?

Oh, no insult intended!
;-))

wither that, or the sellers have found some borrow and flipping into the placement. i would if i had access!

None taken sw,,,still waiting for. 15 come on,there is some consolation ezj is still flying high

DD you should be thrown off this thread for wishing it to drop :-) If you get your way, my stop loss will trigger. Perhaps I should move the stop loss for the next few days anyway as you have been on a good streak recently..

The Capitaine hole looks to have encountered water bearing rock, although they are doing a double check.

This is the reason Sterling have a free carry!

The dry holes cost them nothing except future prospects!

These look good without Capitaine.

2 out of 2 is the avarage expected realistically. Ted Ellyard of hardman stated before commencement that there was a strong possibility that 8 out of 10 holes would hit oil.

That being the case they have 2 more dry holes to hit before he gets a red face!

JJ,my figure is know where to be seen sadly.

Price down 1/2p at 8.17am.

Just goes to show how much the mm know sometimes.

This is a free carry, so:-

Finds of oil, no rise in price.

Dry holes, drop in price.

Wierd.

A note on ADVFN bb. says that there is no more placing stock.

It is oversubscribed.

This does not have any validation with it, so can not be confirmed.

Morning sw i cant see it going my way in the short term , There is one thing that puzzles me with the market flying , this is going know where,,so you just never know!! i mite sell one today and keep liquid , until the balloon goes bang.

Good luck all,