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Falklands Island Holdings. (FIH)     

greekman - 03 Oct 2007 08:11

NOTE that FKL are now FIH group plc. Epic FIH.

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.


kimoldfield - 27 Aug 2011 09:27 - 81 of 174

Yes! If it all goes pear shaped for the F.I. oil business the core business of FKL will still be intact.

avsec - 27 Aug 2011 11:00 - 82 of 174

As I wrote before, the FIC (FKL) is the backbone of the islands trading. I have held their shares since the days they were owned by Coalite! Because 30 years ago they controlled all imports and were the sole avenue through which the wool could be sold they 'bankrolled' the community.
Wool was taken and a credit given against which those in the Camp could order agricultural needs - they even owned and ran the ship that delivered the goods to the communities.
Nearly 30 years ago with the Argentine invasion things changed but FIC moved with the times. They are still the major landowner within the islands and that includes the prime sites that will be needed by the oil industry.
For the FIC it is a great situation but, as Kim indicates, the collapse of the embyonic oil industry would just mean that they would lose their investment in FOGL and would revert to what they do best.
The shares have remained very stable during the past months but I think will cautiously advance as the oil industry finds it feet.

avsec - 16 Nov 2011 10:47 - 83 of 174

FIC continues to be a steady investment with the occasional reaction to other FI oilies.

However there appears to be interest from other sources in the US. Has anyone else had phone calls from a New York company, asking for you by name, saying they have found from the register of investors that you hold FKL shares and then asking to buy them? As soon as I asked the woman to repeat the name of the company the line went dead. Most strange.

kimoldfield - 16 Nov 2011 13:13 - 84 of 174

Boiler room scam avsec, you would be best advised to put the phone down first if they ring again!

avsec - 16 Nov 2011 13:17 - 85 of 174

Thanks for that Kim!

Normally I'm astute enough to spot these but this was a first - and with knowledge of my holding!

kimoldfield - 16 Nov 2011 13:26 - 86 of 174

It's a shame that these people are allowed to get hold of shareholder details avsec, I've had a few calls over the years, some relating to shares that I had sold months previously!

greekman - 16 Nov 2011 16:32 - 87 of 174


Same here. I heard a couple of weeks ago that the same was being tried re Rockhopper, so it looks like all the FI oilies are being targeted.

kimoldfield - 16 Nov 2011 22:31 - 88 of 174

I used to wind them up Greek, keep them talking for ages then tell them they had a wrong number. Pleased them no end! :o)

greekman - 17 Nov 2011 07:13 - 89 of 174


Same here, give them back a bit of their own medicine.
I also used to answer similar e-mails by giving then false details of my bank account, address and the like, until I was told that even if you do not open an attachment, a bug could still get into your computer, so I no longer even open any sus e-mails.

As for door to door salesmen, if I want to get rid of them, I always say that I never buy anything at the door and that even if I wanted to, I have no money and 'I am an undeclared bankrupt, awaiting yet another county court judgment'
I stops them in their tracks and has never failed to work.


avsec - 01 Dec 2011 10:49 - 90 of 174

Well a nice little rise today of 10p. With a finger in FOGL and the overall involvement in the islands' economy they are relatively stable.

avsec - 04 Jan 2012 10:15 - 91 of 174

Happy New Year one and all
Recovering from the season's wassailing and enjoying the FKL popularity of the last two days - not sure why but not complaining!

Balerboy - 23 Jan 2012 08:33 - 92 of 174

Also going well +30 hope it continues.,.

avsec - 23 Jan 2012 09:00 - 93 of 174

What a lovely day! Collecting mussels on a Cornish beach (not quite as big as those at Navy Point, Stanley!) and watching my two largest holdings start to achieve their potential.

cynic - 23 Jan 2012 09:09 - 94 of 174

agreed it's a tremendous rise - but on only 7,000 traded .... liquidity must be non-existent

greekman - 23 Jan 2012 16:41 - 95 of 174

Please note.

After a request from Markymar (thanks, needed a push) I have updated the header.

No doubt someone with decent IT skills (I am to IT what Pavarotti was to ballet dancing) could have done a better job, but at least it tells a bit of the current story.

I feel the number of posts on this thread, compared to the oilies threads themselves, says it all.
FKL are steady as she goes, regaining all that was lost during the last 4 years, and I am as certain as I can be, that the corner has truly been turned.
Once the big boys get involved in those lovely Falkland oil fields I can easily see the FKL sp doubling within 3 months.
What happens after that is of course anyones guess, but my guess is that those holding FKL will see a steady increasing sp over the next 3 to 5 years, coupled of course with the solid dividend.

cynic - 23 Jan 2012 17:03 - 96 of 174

greek - your logic for buying into companies that supply the picks and shovels is irrefutable, but as mentioned earlier, FKL is terrifyingly illiquid .... even today when there has been lots of traffic in FI companies, FKL could only muster a pathetic 45,748 shares traded, some of which would even have been sells

greekman - 23 Jan 2012 17:23 - 97 of 174

Hi Cynic,

I agree.
I appreciate that FKL have been trading for nearly 200 years, but the story has really only just began.
I am sure the illiquidility is purely down to most investors going for what they hope are the big money guns that are drilling the black gold.
Whilst I accept that FKL will never be as liquid to trade as the oilies are now, I do feel that the liquidity along with the spread will change for the better, and still feel that as FKL are not and probably never will be a big cap company, they will still make their shareholders a very decent return.

For info, I have about 10 shares in the oilies for every share in FKL and as said, it is more of a hedge bet, different in the fact that if one side wins the other side will also.
Difference also being that from now on steady rise, with a dividend that the oilies are a long way off from paying.
Mind you, a buy out might just trigger a special dividend to those holding in the oilies.

greekman - 23 Jan 2012 17:38 - 98 of 174

Short video, worth a look.

greekman - 24 Jan 2012 08:28 - 99 of 174


markymar - 01 Feb 2012 10:57 - 100 of 174

January 31, 2012
by Steve Dent (FIG)
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