NOTE that FKL are now FIH group plc. Epic FIH.

It is now over 4 years since I started this thread.
During that period a lot has happened (an understatement if ever there as one).
Several oilies have drilled numerous wells, most with little success as yet, although Rockhopper Exploration has made significant finds.
These finds are in the process of being updated and have drawn interest from at least 5 oil production companies.
The sp of FKL in Oct 2007 was around 400p, which is almost level with todays sp.
Due to many what I consider low risk factors, the sp is well below true valuation.
In saying that I am leaving all fundamentals out of my reasoning, and looking solely at potential.
Over the last few months, I have read numerous reports regarding how the current exploration will make the Islanders rich.
Of course that wealth will be passed along to the businesses that are situated on the Falklands themselves.
With Falklands islands Holdings being 'The Business' on the islands, with fingers in many pies, they are ideally situated to cash in on all the areas mentioned.

I suggest to anyone who as not been following the Falklands Story, or are new to this thread, to peruse the latest news releases of FKL. Also those of RKH (Rockhopper) Fogl (Falklands Oil and Gas) Des (Desire Petroleum) and Bor (Borders and Southern).
I am not pushing any of these other companies, but to post all the relevant updates on this header would take the whole page.

Remember who made steady big money during the Klondike Gold Rush.
OK some miners made fortunes, but the big steady money was made by those who saw the potential in suppling the essentials, IE those that supplied the tools to do the job.
I look at FKL as a sort of hedging to the explorers themselves.
But with hedging like this, we can all win.

Thanks Greek.

have no interest in FOGL but thanks greek.

I still see posts on many oil connected sites/threads stating that due to the current price per barrel, oil companies are not the investment they were.
I just can not believe how short sighted these people are.
A lot can happen in world events in the time period between now and the finish of the next well drilling by Rockhopper, and obviously even more so in the next 10 to 20 years and beyond.
The strange thing is that Oil is one of those things that can increase in value per barrel, due to both good news and bad.
In good times, people/countries tend to be better of financially and therefore use more oil/fuel and the price increases due to demand. Word strife on the other hand often means both less demand and oil shortages, which also result in price increases.
Oil companies as we well know never loose out in the long run, you only have to look at their yearly profits, (the BP saga obviously being a one off).
We all know that prices can and often do fluctuate downward, but these lower prices tend to be temporary with the usual general trend upward.
So over the last say 10 years the oil price has always followed the trend of 1 step down followed by 2 steps up.
Oil is to modern life almost as valuable as water. OK we know we can't live without water, but imagine a world without oil, it would be back to the stone age.
In the past access to water was one of the main causes of wars. Oil as we know is now one of the main reasons countries go to war.
The current sp is good solid value, given that only 1 well is proven.
In years to come, the most of the oil explorers will have left the Falklands with the area being dominated by the producers.
But due to being the supplier of oil infrastructure, Falkland Islands Holding PLC will still be there, still making (hopefully) big money.
That is why I hold 2 oil explorers that I hope will make me the faster/short term money, with FKL slower/steadier and hopefully over time the most money.

quote
But due to being the supplier of oil infrastructure, Falkland Islands Holding PLC will still be there, still making (hopefully) big money
unquote

It is not only the oil infrastructure but the WHOLE infrastructure of the Islands relies on the FIC. There is an erosion of their monopoly but they are still the major player in the FIs.

Their diverse interests will ensure their stability but the arrival of the oil industry will just be another source of profit.

Hi Avsec,

Agree re FKL being diverse in their business, but without the oil side they would plod along as a very small company making a bit of profit.
Most on here including myself only became involved due to the oil connection. For the same reason that is why we remain invested.
As to an erosion of their monopoly, if there is any it is almost none existent, although if you can give me examples I would obviously look at things in a different light.
In the future they may find it harder to hold on to their monopoly, but it will take quite a shift if the management play it the right way.

Regards Greek.

Goes ex-divi wed 15th Sept '10, 5p.

When all Falklands shares suffer, FKL is a SELL too at 360p.

318p now

Sliding quickly for my short

Nothing much happening, just wondered if anyone was still out there.

Yes! If it all goes pear shaped for the F.I. oil business the core business of FKL will still be intact.

As I wrote before, the FIC (FKL) is the backbone of the islands trading. I have held their shares since the days they were owned by Coalite! Because 30 years ago they controlled all imports and were the sole avenue through which the wool could be sold they 'bankrolled' the community.
Wool was taken and a credit given against which those in the Camp could order agricultural needs - they even owned and ran the ship that delivered the goods to the communities.
Nearly 30 years ago with the Argentine invasion things changed but FIC moved with the times. They are still the major landowner within the islands and that includes the prime sites that will be needed by the oil industry.
For the FIC it is a great situation but, as Kim indicates, the collapse of the embyonic oil industry would just mean that they would lose their investment in FOGL and would revert to what they do best.
The shares have remained very stable during the past months but I think will cautiously advance as the oil industry finds it feet.

FIC continues to be a steady investment with the occasional reaction to other FI oilies.

However there appears to be interest from other sources in the US. Has anyone else had phone calls from a New York company, asking for you by name, saying they have found from the register of investors that you hold FKL shares and then asking to buy them? As soon as I asked the woman to repeat the name of the company the line went dead. Most strange.

Boiler room scam avsec, you would be best advised to put the phone down first if they ring again!

Thanks for that Kim!

Normally I'm astute enough to spot these but this was a first - and with knowledge of my holding!

It's a shame that these people are allowed to get hold of shareholder details avsec, I've had a few calls over the years, some relating to shares that I had sold months previously!

Kim,

Same here. I heard a couple of weeks ago that the same was being tried re Rockhopper, so it looks like all the FI oilies are being targeted.

I used to wind them up Greek, keep them talking for ages then tell them they had a wrong number. Pleased them no end! :o)

Kim.

Same here, give them back a bit of their own medicine.
I also used to answer similar e-mails by giving then false details of my bank account, address and the like, until I was told that even if you do not open an attachment, a bug could still get into your computer, so I no longer even open any sus e-mails.

As for door to door salesmen, if I want to get rid of them, I always say that I never buy anything at the door and that even if I wanted to, I have no money and 'I am an undeclared bankrupt, awaiting yet another county court judgment'
I stops them in their tracks and has never failed to work.

Greek.

Well a nice little rise today of 10p. With a finger in FOGL and the overall involvement in the islands' economy they are relatively stable.