New Projects and good prospects. will be the winner in 2004. IMO
25p in early 2004

xmortal: Interesting post. Keep 'em coming!

Here's to a strong opening!

Morning all,

Good post Xmortal. Thought you would like the Fool post Grevis. PCI one of the biggest buys yseterday with Comdirect, hope it is today as well! Hopefully institutions still looking for lots of stock. L2 looking good, moving up already on no trades.

gavdfc: Good morning. PCI on the up again I see. MMs must be chasing that 5 million!

Good to see a rise again so far. Wonder how long it will take then to fill that order.

Well what a nice start to the day. Bit distracted first thing this morning so missed the opening salvo. Great to see this stock powering ahead again. That broker will be struggling to fill his order at this rate.

Major shareholders - taken from Petroceltics website:

Gartmore 41,345,349
Fidelity 30,394,294
Carmignac Gestion 19,600,000
BARNARD NOMINEES LTD 14,000,000
MR JOHN CRAVEN 12,000,000
MS MARIA ROCHE 11,005,470
BARNARD NOMINEES LTD 10,000,000
MS MARIA PEARL ROCHE 10,000,000
VIDACOS NOMINEES LTD 9,940,275
DAVYCREST NOMINEES LTD 8,650,000
APOLLO NOMINEES LTD 8,604,651
MR GRAHAM WRAFTER 8,533,333
LIROFF SECURITIES LTD 6,880,263

Here come the big buyers. Nice 500K buy has just shown up.

Thanks for the list Grevis. I wonder if the top 3 will be adding again? Good to see a 500k buy at full price.

I've had to put that list together with information taken from their website. The figures for Gartmore, Fidelity and Carmignac are from recent announcements but the others have not been updated since December, so others could be pushing up behind the top 3.

Well it's good to see some institutions putting their money on the table, and also increasing their stake. They wouldn't do so unless they were confident of a good return on their investment. All bodes well for the future, and our holdings!

gavdfc: We are up yet again. Bid/offer now 14.75/15.00p. Great stuff!

Excellent, now up 8.18% on the day. Thats some solid moves up in the last few days.

up 9.09%....

gavdfc: It's not enough. More please!

YUKOS awaits bailiffs as deadline passes
Thu 8 July, 2004 08:46



By Dmitry Zhdannikov

MOSCOW (Reuters) - Russia's largest oil exporter YUKOS is waiting for the government to start selling off its assets after missing a deadline to pay $3.4 billion (1.8 billion pounds) in back taxes.

The deadline expired at midnight after talks with the authorities failed to resolve the issue which analysts warn could sap enthusiasm to invest in Russia and undermine economic growth.

Bailiffs can now arrive at any moment at the company's Moscow headquarters or its operations, which pump a fifth of Russia's crude oil.

"We have no fresh news. We are waiting," YUKOS spokesman Alexander Shadrin said.

The oil giant says it could collapse by the end of the year under a tax bill that totals nearly $7 billion for 2000 and 2001. Analysts say that could rise to $10 billion after audits of 2002 and 2003.

The firm's future to a large extent depends on whether main shareholder Mikhail Khodorkovsky, and other core owners who control YUKOS through holding firm Menatep, can reach a settlement with the Kremlin.

The politically ambitious Khodorkovsky is on trial for fraud and tax evasion and the charges against YUKOS are widely seen as part of a campaign against him by a Kremlin that tolerates little opposition.

Khodorkovsky's lawyer said on Wednesday that he had offered from his jail cell to give up control in return for the company's salvation but there was no word from officials.

"Khodorkovsky has the right to take a decision on behalf of all of us, and the (Kremlin) understands this perfectly well," Russian newspaper Vedomosti quoted a Menatep source as saying.

"They simply have no interest in these discussions. They don't have a united opinion of what to do with YUKOS now."

President Vladimir Putin pledged last month to try to prevent the firm's collapse, but legal blows have continued to rain down on YUKOS.

However, some analysts said bankruptcy looked a long way off.

"We believe the parties can still reach a compromise," Merrill Lynch said in a research note.

"Even if the government wanted to bankrupt YUKOS, a lack of experience with bankruptcy of this magnitude, unclear legislation and the fact the company has not exhausted all the legal means at its disposal ... indicate that YUKOS is unlikely to go bust," it added.

KHODORKOVSKY OFFER

A high-level YUKOS source said on Wednesday the company was in talks with officials on how to reach an amicable agreement and avoid bankruptcy.

But a YUKOS spokesman denied talks were going on and said the government had not responded to attempts to strike a deal.

"Unless the government gives us more time to pay back what we owe ... we will be, technically speaking, insolvent," said Hugo Erikssen, head of international information for YUKOS.

Many Russians may cheer the potential collapse of a company whose shareholders amassed huge fortunes in shady privatisations while most of the population was thrown into poverty after the Soviet Union collapsed.

But analysts say the selective bankruptcy of YUKOS could hurt everyone in a country banking on foreign investment to help double the size of the economy in this decade.

Money AM L2 showing now up 7.27%. You're getting greedy now Grevis! But so am I! Now showing up 8.18% again. Bid dropped then up again quickly!

Xmortal, not looking good for Yukos, wonder what will happen there. JKX's price also down, wonder if that had anything to do with Yukos.

Those buys get bigger by the minute! Delayed buy of 677,966 has just shown up.

grevis2,
have you got a passing interest in oil shares by any chance? !!,
that 677,996 shows up as a sell and the increase just dropped.
what do you think this could go to eventually?

inbs
Did you buy at 2p and are you still holding?