Stratocastor79
02 Mar 2017
price why is the price going up?are the shares being traded again?Also, is it possible there is a better deal out there?
corriedog
14 Jun 2016
Accounts What a depressing set of numbers and statement!1. Using strong balance sheet to leverage earnings and increase critical mass. What does that mean?2. Satisfactory trading result - but EPS was down by more than 10% when oil activity in the Falklands was buoyant. That isn't leveraging earnings.3. Outlook - overall profitability subdued. That isn't leveraging earnings either.4. Nothing has happened on acquisitions and nothing on what they are looking for - apart from high quality. What does that mean?I would just sell all of my shares if I didn't feel that it was so ridiculously undervalued. Apart from net cash, £12m for all of the assets and trade which should be worth at least double.,
corriedog
12 Apr 2016
Re: Pre close trading update Isn't this a frustrating share! Since the fantastic new strategy of no dividends and making acquisitions one year ago - and there hasn't been any whiff of an acquisition - the share price has fallen from roughly 250p to 180p. Some way to increase shareholders long term value! Half of today's market cap sits in net cash. Next year it will be 75% I gave the major shareholder and chairman the benefit of the doubt a year ago but I was wrong. contrast and in just six months, a shell company supported by Lord Ashcroft has set off on a buy and build strategy and the share price has doubled.
corriedog
11 Apr 2016
Pre close trading update About time for an update
Another Jacko
14 Mar 2016
Re: Mr. Rowland, what are your plans? I was considering buying a few of these as a low risk punt on Falklands Oil. The way I see it the company is not currently highly rated, has a sound balance sheet and if there is substantial oil to be extracted around the Falklands then presumably their businesses there will benefit from the increased economic activity.But then I did a bit of research into the colourful business career of the Rowland family and decided that maybe I would leave it alone.Instead I bought into SNX at 125p as a company which is on a modest rating anyway but could potentially be very cheap if their oil and gas customers start buying again and has a strong balance sheetI also bought a few PRES but have to admit that I didn't do my research properly and probably wouldn't have bought when I did if I had. I'm currently sitting on a modest loss including dividends. The balance sheet is not as strong as I would like.Finally I have some HYDG, a recruiter which does substantial business in oil and gas, has a very strong balance sheet and appears cheap to me once the effect of downsizing has fallen through the books, yet a couple of years ago was making earnings of 10p a share against a current price of 30p. Unfortunately I bought in at over 50p and 40p so sitting on a substantial %age loss but currently confident that I am going to get my money back regardless of whether their O&G customers start recruiting again.They're my 3 punts on a recovery in the oil price, none of them are out and out plays but they do offer substantial upside and they're are not entirely reliant on O&G.
Ekati
13 Mar 2016
Mr. Rowland, what are your plans? Will he delist FKL somewhere in the ( near ) future? Or does he need the listing for the time being to raise money for his new ventures he has in mind?I'm feeling not so comfortable I must say but at these low prices I am reluctant to sell all of my holding. Sold half of it with a loss to reinvest elsewhere.
pond1
10 Mar 2016
Re: Cheque Hi Oldsalty,Sorry did not answer quicker but have not been on this thread for a while.Hope your lost cheque issue with Capita has been sorted, if not try the FSA as Capita will come under their remit being a financial institution.If the cheque was cashed by someone other than yourself, which Capita can easily check, I suggest you request Capita to re issue a cheque to yourself whilst their enquiry is ongoing.I have experience in criminal law but none in civil law, although barriers are often crossed between the two, but I am sure that a direct approach to Capita should pay results.If it was me, I would also be demanding compensation and interest, mind you I am a bolshie type of person. Regards Pond.
oldsalty
23 Feb 2016
Re: Cheque Agreed Pond1. However the situation is even worse for me now as I have been told by Capita that the cheque sent to me has already been cashed.So, I may well be the victim - not only of Capita's incompetent processes - but also of fraud and theft. Yet amazingly I have had to pay Capita so that they may "investigate" this loss.. Well, I posted that cheque to Capita nearly 2 weeks ago. Have I heard anything back ? Have I heck as like.Has anyone else had these 'issues' - and does anyone know of a regulatory body I could refer to for such problems ?
pond1
08 Feb 2016
Re: Cheque Over the years I have read about so many problems regarding lost certificates held by different registrars.You only have to put 'lost share certificates' into google to see multiple horror stories.
oldsalty
06 Feb 2016
Re: Cheque Yep TX2. Not arrived, so contacted Capita. Apparently I have to pay for a replacement if it doesn't arrive after 21 days. A total disgrace really. As certificate holders, its seems we are responsible for the shortcomings of Royal Mail. Great.
TX2
04 Feb 2016
Re: Cheque The cheque should have been posted on 26 January by Registrar who is Capita Registrars in Beckenham,Kent.Tel (UK callers) 0871 664 0300.Probably worth phoning as it looks if it has gone AWOL.
oldsalty
03 Feb 2016
Re: Cheque Thanks TX2 and Ekati.I held just less than 1,000 shares in cert form, so I'm guessing they have been sold. I was away when the form of election needed to be in, so I'm forced out of my holding.Still no cheque though..
TX2
02 Feb 2016
Re: Cheque I hold a round thousands number of shares held in two nominee accounts however my understanding of the fractional repurchase arrangement was that it only applied if you held less than 1000 shares and held them in your own name or within a nominee account that held less than 1000 shares in total.So if you held say 3456 shares either in own name or via nominee you would still hold 3456 shares post share consolidation/split.
Ekati
02 Feb 2016
Re: Cheque I had a nice round number of shares so no cheque for me.
oldsalty
01 Feb 2016
Cheque Has anyone else out there NOT received the cheque for their fractional shares sold ?According to the FKL website, cheques were supposed to have been despatched a week ago on Jan 26th. Nothing through my door yet. Have others received theirs ?
