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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 - 05 Mar 2010 09:39 - 50 of 152

From a very lefty publication, but very interesting if you have the time to wade through it.

I have my own views but will leave others to decide how much fact/truth/fiction is contained in the article.

http://21stcenturysocialism.com/article/who_owns_the_falklands_01968.html

greekman - 08 Mar 2010 09:31 - 51 of 152

Interesting article re clumsy Clinton.

Hillary Clinton's Cold War Strategy Didn't Work in Brazil

http://www.brazzil.com/component/content/article/217-march-2010/10367-hillary-clintons-cold-war-strategy-didnt-work-in-brazil.html

greekman - 09 Mar 2010 08:28 - 52 of 152

Gordon's Armada in peril.

http://www.yorkshireeveningpost.co.uk/letters/Gordons-Armada-in-peril.6134291.jp

Although the article has serious implications, I thought the tone might lighten the mood a bit.

greekman - 22 Apr 2010 07:36 - 53 of 152

Pre close trading update.

The FIH Board expects the results for the financial year ended 31 March 2010 to be above market expectations with underlying pre-tax profits ( before amortisation and non trading items ) a little ahead of the re-stated prior year figure of £2.3 million.

Any result above market expectations, especially in the present world financial climate must be good news. Also with 8 more weeks till the results are out there is still time for a couple of positive drillings to come in, which although will not reflect on the results, the forward prospects would be greatly enhanced.

greekman - 14 May 2010 17:26 - 54 of 152

All the FI oilies down, yet FKL up 13%. Looks like punters are looking to cover their investments in the actual oil explorers, by a sort of covering bet on the infrastructure of the FKL company.

kimoldfield - 18 May 2010 12:05 - 55 of 152

Tom Bulford reckons the sp could increase by over 17,000% in time.

What a load of bul(l)!!

Or is it?! Certainly FKL has huge potential, owns a large chunk of Falkland business and development land, has a stake in FOGL, owns Portsmouth Harbour Ferry Company and Momart, pays a divi......if there really is commercial oil in them thar beneath the waves hills the potential for this company is indeed huge.

kimoldfield - 18 May 2010 15:54 - 56 of 152

Either there is bad news to come from DES or RKH or the "intelligent" money is moving to FKL. No, I am no a Tom Bulford agent, I am just putting two and two together. If the answer is five, then I've got it wrong!

avsec - 18 May 2010 17:17 - 57 of 152

I inherited a load of these shares when they were Coalite in the 1980's. They have sat there quietly with a nice annual divi - until now!

kimoldfield - 19 May 2010 09:02 - 58 of 152

A nice inheritance avsec! With only 9.1m shares in issue these could become difficult to get hold of.

robertalexander - 19 May 2010 20:16 - 59 of 152

here was me hoping that they would fall today thus allowing my new drip feed purchase to get off to a good start tomorrow.

kimoldfield - 19 May 2010 21:17 - 60 of 152

Difficult to predict this one at the moment Alex; although they have an 8.2% holding in FOGL, they are not reliant on them to strike oil, although obviously it would be a major boost. It is the overall package that is driving them forward at present and that makes a compelling case to buy, albeit a speculative buy at present prices but hey, what share isn't a gamble these days?!

robertalexander - 19 May 2010 21:32 - 61 of 152

it is a long term thing so will even out in the end. still think it is a worthwhile investment just want more for my bucks

kimoldfield - 19 May 2010 21:53 - 62 of 152

A worthwhile investment it certainly is, as is any company paying a dividend these days! I hope it turns out to be the investment of a lifetime that some seem to think it will be.

required field - 20 May 2010 09:11 - 63 of 152

Got mixed up with FOGL...in that but not this....doing well by the look of it....

kimoldfield - 20 May 2010 09:28 - 64 of 152

You can still buy some RF?!

avsec - 25 May 2010 08:54 - 65 of 152

Holding steady - but for how long?

avsec - 25 May 2010 11:32 - 66 of 152

Spoke too soon....slipping - but what isn't?

kimoldfield - 04 Jun 2010 12:49 - 67 of 152

Is that bright light the sun, or is it the gleam in the eyes of the directors of this little company? :o)

greekman - 23 Jun 2010 07:34 - 68 of 152

Good results in a difficult year.
Less spending in their stores, less vehicles sold (Military), fewer cruise ships calling due to the weather, lower supply of support for squid boats, due to the squid catch almost a total failure, and yet profits up in several of these areas due to cost cutting and efficiency.
And this is before the oil drilling benefits start to kick in.
Dividend up.
Well done FKL.

HARRYCAT - 03 Jul 2010 11:43 - 69 of 152

From this week's Shares Mag:
"Buy (FKL:AIM) ahead of next week’s drilling results from Falkland Oil & Gas's (FOGL:AIM) Torea well. It is one of the safer ways of playing the oil story. The £47 million cap has an 8.2% stake in FOGL, which accounts for about half of its market value. Drilling on the Torea well started at the beginning of June. There is potential for further good news with FOGL to drill a second well later this year.
But Falkland Island is more than just a play on the success of one explorer as it is also the dominant retailer and owns property on the remote South Atlantic overseas UK territory. These interests will do well in the event of any explorer striking oil.
The immediate outlook for the non-oil interests are unexciting as the local economy has suffered from a poor squid catch, but they are well placed to benefit from any oil-induced upturn in the local economy.
As a further hedge, the company also has non-Falkland interests including the Portsmouth Harbour Ferry Company and Momart, one of the leading players in the fine art logistics market. The former is in effect a local monopoly operating the Portsmouth-Gosport ferry service. Management regard this as rather like an annuity although it has suffered marginally from the recession."
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