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Falklands Island Holdings. (FKL)     

greekman - 03 Oct 2007 08:11

It is now over 4 years since I started this thread.
During that period a lot has happened (an understatement if ever there as one).
Several oilies have drilled numerous wells, most with little success as yet, although Rockhopper Exploration has made significant finds.
These finds are in the process of being updated and have drawn interest from at least 5 oil production companies.
The sp of FKL in Oct 2007 was around 400p, which is almost level with todays sp.
Due to many what I consider low risk factors, the sp is well below true valuation.
In saying that I am leaving all fundamentals out of my reasoning, and looking solely at potential.
Over the last few months, I have read numerous reports regarding how the current exploration will make the Islanders rich.
Of course that wealth will be passed along to the businesses that are situated on the Falklands themselves.
With Falklands islands Holdings being 'The Business' on the islands, with fingers in many pies, they are ideally situated to cash in on all the areas mentioned.

I suggest to anyone who as not been following the Falklands Story, or are new to this thread, to peruse the latest news releases of FKL. Also those of RKH (Rockhopper) Fogl (Falklands Oil and Gas) Des (Desire Petroleum) and Bor (Borders and Southern).
I am not pushing any of these other companies, but to post all the relevant updates on this header would take the whole page.

Remember who made steady big money during the Klondike Gold Rush.
OK some miners made fortunes, but the big steady money was made by those who saw the potential in suppling the essentials, IE those that supplied the tools to do the job.
I look at FKL as a sort of hedging to the explorers themselves.
But with hedging like this, we can all win.




greekman - 01 Feb 2012 17:15 - 101 of 152

Hi Marymar,

Good find.
I like this bit,'There has, however, been significant progress of late, and it is these developments and new pieces of information that FIG are keen to share with both industry and the community and to gain an insight and thoughts on future plans or need'.
Not much need to read between the lines here.
I bet both the FIO explorers and the relative oil producers have been very instrumental in what is required.

I will pinch it for copy to a few other threads with ref to yourself.

NOTE.........Still trying to update the header with your graphs, son still not home to do it.

Regards Greek.

Balerboy - 06 Feb 2012 08:55 - 102 of 152

Got a bit of a rush on this morning, +17p .,.

avsec - 06 Feb 2012 20:06 - 103 of 152

Steady away reflecting perhaps their investment with FOGL and their position as overall beneficiaries of any increase in the FI's wealth and prosperity.

avsec - 20 Feb 2012 11:15 - 104 of 152

Another 10p today and going North nicely!

Balerboy - 20 Feb 2012 12:23 - 105 of 152

held these for sometime at 420p so am glad it's come good.,.

avsec - 20 Feb 2012 13:00 - 106 of 152

For the reasons I've expounded many times they have to reflect the success of the FI expansion. Had them since they were owned by Coalite and I'm still hanging in there as a 'banker'.

Balerboy - 20 Feb 2012 13:10 - 107 of 152

I hope not or "Tanker" will be changing the first letter......... ;)

markymar - 20 Feb 2012 14:13 - 108 of 152

Very Posh Greek, i like the Graphs,even better in the direction they are pointing.

lol.....Baler

greekman - 20 Feb 2012 14:21 - 109 of 152

Cheers.

avsec - 21 Feb 2012 17:15 - 110 of 152

Keeps going up! I make it about 10% in 10 days.

Not sure what is fuelling this rise but long may it keep going!

greekman - 21 Feb 2012 17:40 - 111 of 152

Hi Avsec,

My thoughts are that this is all down to the talk of takeover/farm-in doing the rounds with Rockhopper, coupled of course with their 'will it be released tomorrow updated CPR'.

When, not if, these talks come to fruition, that will really be the start of the money gushing into the Falklands coffers.

Whereas the race from Rockhopper and others will end with any takeover, or will reach a steady as she goes period with a Farm-in, the rush for infrastructure on the Islands will no doubt see a steady, upward increase in the FKL sp.
Just watch the land prices on the island multiplying.

It has been calculated that if all goes to plan, the taxes from oil and the continuing licensing agreements will be the equivalent in theory of making every islander a multi millionaire.

On that basis, what will be the future Nav of the Falkland Island Holding Company.
No doubt it will be many multiples of what it is at current valuation.

Whilst looking at a couple of the FI oilies to make me a nice bit richer in the near to mid future, I am looking at FKL to make me a bigger fortune in the long term.

My problem is, that until I release my gains from these oilies, the amount I have invested in FKL is only pin money.

That I intend to change within the next 12 months.

So its oilies for the short term and FKL for the long.

greekman - 05 Mar 2012 14:40 - 112 of 152

Interesting read.

I would think that the Falkland oil fields are in the same low risk category as the main UK oil fields situated in the north sea. That is of course if the UK is as serious as they have stated over their determination to defend the Falklands if required.
I like most people feel that the determination of the UK government to do so is as strong as the threat from the Argentinian government is weak.
I say the above not from a feel that anything as basic as the rights of the islanders being taken into consideration but for 2 other reasons.
1 It would be very politically damaging to the UK for them to not defend any attempt at taking the Falklands.
2 There is a huge amount of money involved.

If anyone has full access to Maplecroft, it does have all risks categorized in order of risk, but even so the brief article from the link shows very clearly how much risk there is in investing in many oil producing areas of the world, and the risks of once invested, those investors loosing out.

On reading the article, I feel that my Falklands investment is 'very safe'.
No doubt suitors of all the FI explorers are well aware of world oil risks, and will look at the Falklands in a very favorable light.

According to the Telegraph the UK is number 179 in the list, with Somalia being at number 1.

http://maplecroft.com/about/news/resource_nationalism_index_2012.html

avsec - 05 Mar 2012 16:39 - 113 of 152

Greek
Thanks for that article - an interesting read indeed.
I've just spent the morning and lunch with the Times reporter who interviewed Julian Thompson and whose article caused the flurry of news today. She will undoubtedly reveal more in due course.
My personal opinion is that Argentina has neither the money nor the military desire for a fight. They are almost bankrupt if you look at their indebtedness to the larger organisations; they have already welched on exisiting debts and are finding it difficult to obtain for credit.
That said their Buzios Tacticos are good (I've watched them at work) and we do have all our eggs in one Maginot-like basket - that well known South Atlantic misnomer 'Mount Pleasant'.
I think that the previous levels of quiet diplomacy will be achieved after the 30th Anniversary has been and gone.

greekman - 05 Mar 2012 16:54 - 114 of 152

Hi Avsec,

Agreed.

greekman - 13 Mar 2012 13:41 - 115 of 152

Just read a letter in the Telegraph from an English couple who have been spending few weeks in Argentina.
Although very wary before and on arrival regarding how they would be treated, they were very surprised when the local people on discovering that they were English, treated them in a very friendly way.
It appears that several locals explained that the average Argentinian, had no problem with the Falklands wanting to stay British, and their main grievance was with the Argentinian government and the high inflation rate.

I have no reason to doubt that this is how the Argentinian people feel, although of course there will always be a minority (those that get on TV and in the headlines) who want the Falklands to be taken over by their country.

The reason why I don't doubt this is because I saw the same reactions in Ireland in the late 1970's when the troubles were still near to peak levels.
From 1975 to 1979 I spent several month in Ireland, just south of the border.
When the locals discovered we were English, they went out of their way to treat us friendly.
In fact sometimes it became a bit embarrassing, with us being treated to several pints in a local pub with many apologising for the actions of some of their countrymen.
I must add that they were always very careful who was about when they talked or/and were near to us, as the trust between themselves was always down to how well they knew each other.
I appreciate that many on here do not wish to see any post that mentions Argentina and the Falklands, but this small story in the Telegraph coupled with my own experiences in Ireland, probably says more than many of the more negative headlines put together.

Balerboy - 18 Apr 2012 19:38 - 116 of 152

Seems to have got excited with all the goings on.,.

avsec - 19 Apr 2012 08:25 - 117 of 152

Well they do benefit hugely from any development of the infrastructure that comes on the back of a growing oil community.

They own most of the land around Stanley, they are the prime supplier of nearly all support such as housing, foodstuffs etc.

cynic - 19 Apr 2012 08:44 - 118 of 152

.

Balerboy - 19 Apr 2012 09:06 - 119 of 152

and your point is regarding fkl.....

Balerboy - 23 Apr 2012 16:22 - 120 of 152

sold all these this morning at £4+ as can't see much happening over summer.,.
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