GKP

F4T:

"We've all made a lot of money from this shambolic company"

'We've'?? I wish!! But well done to all of you who did/have, and clueless 'investing' newbies like me have likely helped all you canny more experienced (battle-hardened I dare say) do it with our utterly clueless and shambolic 'investing'!! Joking aside. only myself to blame and basically wish I'd never herd (not a typo..) of GKP….. But hey at least it was only money I could afford to lose and I've learnt a helluva lot about the stock market, investing and not least myself (-:

Personally I think the days of continued volatility and above average gains are fading for GKP. It is now just another risky E&P play. Too risky. We've all made a lot of money from this shambolic company but they have been found out and finally everyone (including PI's) know it (the City have known all along!). I do feel for all those taken in by the management here.

I rarely trade it now because it is just too risky unless you short and I rarely do this.

GL all
F4T

Nice charts Ocean....

waiting game here, although , when it come it will come like thunder.

rgds WS

No post for 2 months reflecting the small price movement! Strong support remains at 35.5 as per P&F chart.





DYOR

As always, best concentrate on the charts rather than the hype on this one.

I am not convinced by the lower low this week. RSI and MACD divergence tells me that this will rise again in the short term but not breaking the long down trend. Nice hammer on Friday and a rise in volume in the past few sessions.

I would have liked the RSI to meet support but nevertheless the double bottom is still a possibility.

Upside targets are 46, 51.50 and then the key 61 level which I don't see being penetrated to a close any time soon. I'll leave the lower targets to others.




F4T

Gulf Keystone to kick off rights issue as bidders circle

Matthew Goodman Published: 22 March 2015

GULF KEYSTONE, the London-listed producer of oil in Kurdistan, is set to raise up to £30m from a share sale this week in an attempt to tackle its £384m debt.

Last month, the company revealed that it was in takeover talks with a number of unnamed parties. It also said that as well as negotiations to sell the entire business, it was exploring options to offload various assets. It hired two investment banks, Deutsche Bank and Perella Weinberg, to advise on the discussions.

At the same time, Gulf Keystone revealed that it had started a review of its financing options. Earlier this month it said that an equity fundraising was one of the possibilities being considered.

Investors are likely to be asked to pay 33p to 34p a share."