PPGPL IPO...

[Redman]

i say no.

[PariaMan]

If it keeps on dropping must be a price when it becomes a good deal only logical

[DVSTT]

Why is it dropping is my question.
Redman, can you explain your reasoning?

[pugboy]

Good deal for what?

If it keeps on dropping must be a price when it becomes a good deal only logical

[PariaMan]

Dividends for one plus capital growth with an increase in oil price

[Redman]

Dvstt,

NEL...is a holding company with 5 or 6 companies in its portfolio.

All under pressure...whether its economic performance...or competition encroaching..

Or a mis priced IPO...

Why do you think it could be going up?

[PariaMan]

So the oil price will stay low for ever? Must increase at some point in time . Then those who buy at the bottom must benefit.

[pugboy]

whats the dividend yield % last year at last years avg price

guardian usually prints a periodic listing of the yields in the business section occasionally

[neilsingh100]

When you buy a share of NEL you are really buying the following:

TSTT - 51% (most likely bankrupt in 5 yrs)
Tringen - 51% (ammonia prices down 50% and weak demand because of drought)
NGC NGL - 20% (PPGPL is the asset, NGL prices down 50%)
NGC LNG – 37.8% (Spot LNG prices down almost 80%, US started exporting LNG competing with our exports)

[Victory_Specification]

If it keeps on dropping must be a price when it becomes a good deal only logical

Enron
Lehman Brothers
WorldCom

So the oil price will stay low for ever? Must increase at some point in time . Then those who buy at the bottom must benefit

Assuming

1)You are trading futures/options on the actual commodity
2)You can/have enough data to predict the bottom
3)The company you are investing in doesn't go bankrupt/is squeezed out after the price does actually bottom.

[sMASH]

A low price is only good if it has probability to increase. Buying for a dollar and selling fora dollar is not business.

[Redman]

And oil and gas prices.could delink given the surplus of Nat gas in the U.S....

[pugboy]

Bought some ngl at $19.06
Looking like it gone up a bit and paying a dividend soon

[PariaMan]

Look at the bounce of nel. Quick price drop must result in a bounce. Up 1.00 today . This share dropped by almost 50% . Sorry I did not have the cash to take some. All that was required was a fixed purchase every day in that way the actual bottom need not have been needed

[pugboy]

"must result in bounce" ?

[PariaMan]

For me I just try to think how the masses will think and try to make money from that. And I have been very successful at it. Shares was at 16.00 drops quickly to 8 something there will be a bounce and there was . If I can make money from that then I will.

[RASC]

Are you allowed to short shares on the local exchange?

[Redman]

I dont think so RASC.

We do not have the mechanism s to do this in place.

Shorting in its proper form requires a Market Maker in XYZ to have the stock in hand to deliver to the buyer (borrow) the stock and 'isolate' the quantity shorted until its covered.If this does not happen what occurs is a 'Naked Short" which has the effect of increasing the float(supply) of the stock ....and is illegal in the US AFAIK.

eg:

XYZ has a float of 1M shares in the market.

you decide to short the 250 k of stock,

Naked-you sell 250K to the market-thereby creating an additional 250k to the existing float of 1M.
there is now 1,250,000 shares in circ.
XS supply pushes the prices down-giving the short seller the advantage.


Properly done the 250 will be taken out of circ to allow a net effect that does not unfairly change the quantity of stock in circulation.

[Trinislacker]

Those that are wondering why TTNGL taking so long to release annual results, should note they have until the end of March to do so under TTSE Rule - 601.

Rule - 601 Audited Annual Financial Statements

(1) Every listed company shall submit to the Stock Exchange one (1) hard copy and (1) electronic copy of the Audited Annual Financial Statements not later than ninety (90) days after the company's financial year-end.

Did I miss this? Since I've only seen a summary printed in the papers

[neilsingh100]

Nope, have not seen the full annual audited financial statements as yet either.

[snatman]

Local stocks sinking. I mentioned this was going to happen earlier on in this thread. We might be looking at another 8-15% correction.

the non-TT based stocks are faring a little better. I loaded up on SFC earlier on this year. It seems to be paying off so far.

[pugboy]

Ngl going up

[PariaMan]

See NEL rise . Hope those with money took advantage of the recent drop in Price. Up 1.42 today already!

[DVSTT]

Why is GHL dropping and SFC coming up?

[trinigamer]

Guardian was ex--dividend on the 23 march so some holders at that date sold shares after, SFC is XD last Friday so was going up until then, should drop next week.

[PariaMan]

Read a nice quote today. It was about Oil futures traders who made profits based on the talk of an agreement among oil producing nations to freeze production.

In a weak market, profits come from 'buying on the rumour, selling on the news'.

[DVSTT]

NGL has started to drop. Ex div is tomorrow I think.

[PariaMan]

Closing of Register
Notice is hereby given that to facilitate the payment of
the above dividend, the Register of Members will be
closed on April 15, 2016. Dividends will be paid to
Shareholders on May 6, 2016.

[snatman]

Why is GHL dropping and SFC coming up?

SFC's revenue stream is more geographically diverse relative to Guardian. The majority of GHL's income is TT based.
SFC's loss making and discontinued UK operations will no longer be on the books from Q1 2016. This should add considerably to the bottom line.

...
The price remains stable (for now) after going ex-dividend.
I expect this to be at ~$9 by year end.

Disclaimer - I'm not a pro. Do your own research.

[DVSTT]

Down 97 cents. Ouch