casabanker
31 Mar 2017
Re: Why the price fall? The gbp and dollar exchange rate has been around 1.24 to 1.25 dollars to the pound for at least a week. I had a look at the trades and there were two quite big ones done after close of business yesterday. The sp has bounced this morning so it looks like a buying opportunity to me.Casa.
mmb123
30 Mar 2017
Re: Why the price fall? could it be the exchange rate?
casabanker
30 Mar 2017
Why the price fall? The price of Brent has fallen from around $55/56 a barrel to $50 recently but it is up to over $52 today. RSE's NAV was reported as $20.11 on the 1st of March which equates to over £16 per share. Unless there is some other reason that is not immediately apparent, it looks like another buying opportunity to me. Casa.
casabanker
08 Feb 2017
Re: Is RSE overvalued? I have bought some more RSE shares today for a price of just under 1274. That's about 6% cheaper than Max Kings' entry price.Casa.
casabanker
13 Jan 2017
Is RSE overvalued? I bought RSE some time ago at a price under 800. Clearly the Company has done very well over quite a short time span. I was surprised to read yesterday that, according to Max King, an investment consultant and former fund manager, RSE trades at a discount to its NAV which he thinks is horrendously understated. He thinks that RSE at a price of 1344, equates to an oil price of under $40 per barrel. Clearly, RSE looks a good bet unless you think oil will fall 30% in price any time soon. Conversely, if the oil price stays at current levels, there is the possibility of a decent uplift.Casa.
casabanker
31 Mar 2016
Non exec director buys shares I'm behind the curve and have just noticed that Pierre Lapeyre, a non-executive director has bought 50,000 shares at £7.90. Now that's commitment. I think he's made a good deal as it's less than the recent placing price.Casa.
casabanker
02 Feb 2016
Placing The recent placing in Nov/Dec 2015 has not been received too well by major shareholders. This may be contributing to shares falling substantially below the placement price of 800. I had bought RSE prior to the placement and took up, not only the entitlement but also an extra tranche. The money raised is now at RSE's disposal at a time when some of the fracking operators are overwhelmed by excess debt. It is an opportunity to buy up some quality operations at knock down prices. RSE's sp does not reflect this yet and I believe there is another buying opportunity but only in my opinion.Casa.
Eminent Trader
24 Mar 2015
Under the Radar? Almost 9 months now since my last post and no posts from anyone else. Is this a classic case of a share being 'under the radar'?
