Pre IPO price 4p
Opening price on debut 25p
Floatation price 46p to raise 14million to extend Jolly Ranch
Current fair value estimate 114p
Market cap 70.59 million.
Value of Cisco Springs investments 98 million.
Value of Vogel investments 75 million.
Desparado trucking now Nightfox 250,000 for a 50% stake with partner Running Foxes.
Centurion Project Kansas, 150,000 for a 50% stake.
Jolly Ranch Colorado, 40,000 acres cost 356,000 for a 50% stake.
Cash in bank 7.75 million.

As this EPIC opens on AIM today anything could happen. On the one hand you have traders trying to cash in a sixfold profit. You will also have a clambering of traders after shares because, firstly they could only get 75% of their allocation because of demand. Secondly at 25p this company is still way under valued.

Agreed Gibby...it's becoming impossible to live a normal life in the UK !.

lol.....hilarious gibby.....chin up old chap....remember the war spirit.....they dont like it up them

lol - agreed geordie - i do - right up 'em!!

Final resuls out ,should move SP.

My prediction is for a rise on opening, followed by a fall back around 9.30 ish, followed by another rise from 11.00 ish. But then what do I know.

End of day to be blue. Maybe.

End of day blue will be good,lets be positive!!

Looking at the financial results I can't see anything to recommend this company.

I said last week 10p as a price target. Unless the markets improve, I would have thought 5p was more realistic.

The reason? Some companies are trading on p/e of 2 so why should a massive loss making company have any value in today's market. Potential means sod all today at the moment I'm afraid.

Loss making my arse. Their tangible assets have increased by 28 million over the last year. Thats an underlying profit for the year.

dd ..... in this instant, you are not necessarily correct, though it would certainly take a brave man to start throwing money into the market long

Listen, I'm not saying we are but IF the FTSE is going down to 2000 - 2500 why should HAWK stand alone in surviving it?

personally, i don't think FTSE will fall to 2000 at any point in this recession, and even then, there are always shares that buck the trend .... similarly in bull markets

3250 similar to last bear market before sudden bounce

First part of prediction correct, although at 1.5p gain, not as much as I envisaged.

Second part almost there as it has fallen back a little to 0.5p gain with a little time still to go.

cant see market dropping below 3000 even as bad as it seems - we will wake up one morning to a sudden bounce - just not sure when!!!!

thats when we kick gorgy ass

gordy

Final results not going down too well.

nice little earner on hawk today - but better on gkn - i think hawk will hover a bit and rise slowly even with things as they are - everything in place

Only if the price of oil recovers as their operating costs seem very high.

i would expect crude (nymex) to recover to $95/100 over the next few months, as at current levels (about $65) it is uneconomic even for the likes of iran, and even saudi reckons to need at least $55 ...... i am almost certain that aramco (aka saudi) will not actually shut down wells as that is too expensive, but will pump it out and put into their underground storage facilities.