Ekati
14 Jan 2016
Re: El Kel Mr. Rowland should communicate a bit better to his shareholders. Of course he doesn't have to say which projects are on the table.And tell us his true intention with FKL.greets,
El Kel
14 Jan 2016
Re: El Kel I think that you were right and I was wrong.---------- ---corrieKind of you to say but it is one where I would rather have been wrong.May still be but most unlikely.My fault alone for my underwater positions.I had been in and out of fkl for so long I was lulled into a false sense of security with the div ticking along.If I had noticed the loathsome Rowland becoming so involved, I would have unloaded in a flash.The pulled div caught me out - I should have sold there and then.Ah well, another lesson...It's an AIM share. Bandit country. Muggers abound.I'm looking to sell all tranches and will probably sink the funds into Shell or a similarly pukka company with a massacred sp. Loads about with much better chances of recouping capital.The graph below looks all the more depressing bearing in mind the sp has fallen after the div was pulled. A double whammy.I wish you well with Premier.
El Kel
14 Jan 2016
Re: El Kel I think that you were right and I was wrong.---------- -------corrieIt's one where I would gladly have been wrong - may still be but most unlikely.I have only myself to blame for my underwater positions.I had been in and out of fkl for years and the constant div lulled me into a false sense of security.It is an AIM share and so should have been accorded much less I'm looking
TX2
14 Jan 2016
Re: El Kel Whilst I am unhappy with the way the company is being run I point out for the record a 75% vote is required to delist shares from AIM not 50%.
corriedog
14 Jan 2016
El Kel I think that you were right and I was wrong.This is now being run like a private company and I think that the trading cash is being accumulated in the company to help Rowland take it private.There is no income on our investment and limited growth.When Rowland's bid comes, he will only need 20% to get full control and take the company off the market. What price? 260p?I have sold most of my FKL shares and bought into Premier Oil with the cash prior to its suspension. Lucky but a much better investment decision I think rather than hanging on with FKL. Time will tell..
Ekati
11 Jan 2016
FOGL discovery good for the Falklands business in the long term.And good FKL sold FOGL, afterwards seen.Still waiting what new direction the boss is going to take.
TX2
22 Dec 2015
Re: RNS yesterday The actual detail of this share consolidation & then split is on FKL's website.The idea is to remove very small shareholdings by a forced buy out of the holders shares;apparently the company has 1600+ shareholdings below 1000 shares per holding(out of about 2100).Most of these shareholdings are of long standing and arose when the company was listed,it was spun out of another company.They claim these holdings are expensive to administer(posting annual reports etc I assume).It will be done by consolidating the shares 1000 shares into 1 New share & then splitting them back into 1000 shares;if you have less than 1000 shares you won't get any new shares & your shares will be bought out at the prevailing share price prior to the split.If you hold your shares via a nominee company this process will only apply to the registered holder of the shares(viz the nominee company) not each holder within the nominee company so assuming the nominee holder controls at least 1000 shares in total it will not affect any shareholders who have less than 1000 shares if they hold them via a nominee account.Whilst I accept that there is some long term admin saving to be made;although this process will no doubt equate to several years costs of administering small accounts.I do take a somewhat cynical view that this is all part of what appears to be a policy of making FKL a very unattractive share to hold.This is by far my worst performing share;thankfully in a difficult year for equities most of my other holdings have done reasonably well;the poor share price performance is due to the management.Thanks for your good wishes which I return to all.The weather where I live in the Lake District is even more dismal than that in the Falklands at the moment!
Ekati
22 Dec 2015
RNS yesterday [link] someone explain a bit further on this?Thx.And a Happy and Healthy 2016 for all!Ekati
Ekati
21 Nov 2015
Re: Interims! It will stay so till we hear what they are going to do.
TX2
19 Nov 2015
Interims! The general reaction seems to be inverse to the length of the interim report!Short.....
Ekati
12 Oct 2015
From the fogl forum [link]
Ekati
11 Oct 2015
Re: Trading statement I wouldn't be surprised they were on to something that has to do with storage for e-commerce. It's in the line of their Momart experience. Still a growth path and within their financial scope.
Ekati
10 Oct 2015
Re: FOGL Is our BOD waiting for the results of FOGL before going further with their plans lying on the table? Because with ( very ) good results of the drilling campaign they maybe have to address more funds to the island's infrastructure instead of putting the resources at other ventures they have an eye on.Just thoughts coming to mind awaiting more news from our company.Eka
Ekati
09 Oct 2015
FOGL Next week news from FOGL; let's hope they found massive oil reserves. Good for the business of FKL.FKL must be near the bottom now. We can use some good news of the former holding.
Ekati
08 Sep 2015
Re: Trading statement Well, that's the problem. Depends which sort of investor you are. I am a LT investor here thinking more or less assured of a nice div for years to come. But that changed from one day to another. But at these prices I stay in. We'll see, I can wait some time.
