Australian (ASX) Stock Market Forum

LNC - Linc Energy

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LNC is powering on. Currently up 22c to 2.55 !!

Wonder if it's because AFC announced they were opening an office in South Korea.:D

Or something even bigger ?
 
basilio said:
LNC is powering on. Currently up 22c to 2.55 !!

Wonder if it's because AFC announced they were opening an office in South Korea.:D

Or something even bigger ?
Click to expand...

Bas, there has been a lot of media talk in the US about LNC, particularily regarding wild statements of 233B boo from shale.

From the LNC website we know that LNC are presenting at the ASX small caps presentation in New York today and also London next week. Also LNCGY was up over 3% last night in the US. I'm sure this has much to do with the rise. I hope they take the shale find in a positive light after the presentation, which surely will hose down some of the more outlandish claims (ie $20Trillion).

Hope we get another surge from the London presentation next week.

This is the detail for the presentation-

http://www.asx.com.au/smalltomidcaps/newyork/Comp profile_LNC.pdf
 
More buyers in the queue today than sellers. I'm wanting to see next change in substantial holding announcement before getting too excited by today's price.
Interesting to see what this stock does in the US tonight.
 
Tezzad said:
It would appear that the punters in the US have taken the bait. Last 4 trading days volumes have been through the roof. Do the Muppet's have more cred than we have given them? Or are the yanks looser with their dough?
Click to expand...

Linc SP trading above US$30 as I write. That's an increase of just under 24%.
(currently not an LNC share holder) :banghead:
 
Aussie punters are lining up!!! Can we get above $3. Getting above probably not the problem, holding there?? still need more than just pisssss and wind :whip
 
Tezzad said:
Aussie punters are lining up!!! Can we get above $3. Getting above probably not the problem, holding there?? still need more than just pisssss and wind :whip
Click to expand...

Not enough bunnies for the boiler mate...

Unless there actually is a serious announcement in the offing this was (IMO) a quick pump and dump.
 
Are well it was an amusing spectator sport briefly. Back to the real world. Got to go and earn actual dollars I can spend. Hopefully by the end of the day another set of mugs come in and give me a reason to simile over the week end. Hopefully something concrete out of the US. I'll even settle for something CRUDE. :horse:
 
Shaking out the profit takers today, there gone for now. Im still happy at finishing at 2.50. Now depends on US stock again tonight to see if they pull back to our level. half year report on the 17th? still interesting times to come. Linc still need to address with UK market so we will assess how Linc performs then
 
What is the criteria to make it into the various ASX lists. LNCs' share price has improved considerably, whether justified or not it has remained above the $2 mark which with my mathematical genius puts it above 1 bill. So where will it stand in the 'P' ing Comp. Haven't seen any obvious increases in substantial holdings as such and if it does get a seat at one of the big boys tables when do they have to start showing an interest?
 
Tezzad said:
What is the criteria to make it into the various ASX lists. LNCs' share price has improved considerably, whether justified or not it has remained above the $2 mark which with my mathematical genius puts it above 1 bill. So where will it stand in the 'P' ing Comp. Haven't seen any obvious increases in substantial holdings as such and if it does get a seat at one of the big boys tables when do they have to start showing an interest?
Click to expand...

LNC only just got the boot from ASX 200 not too long ago (Dec 2012) so I wouldn't expect a speedy return despite a much improved market cap. I am sure the S&P website has the actual criteria somewhere.
 
Tezzad said:
What is the criteria to make it into the various ASX lists. LNCs' share price has improved considerably, whether justified or not it has remained above the $2 mark which with my mathematical genius puts it above 1 bill. So where will it stand in the 'P' ing Comp. Haven't seen any obvious increases in substantial holdings as such and if it does get a seat at one of the big boys tables when do they have to start showing an interest?
Click to expand...

This is from Wikipedia- http://en.wikipedia.org/wiki/S&P/ASX_200

"The ASX 200 is capitalization-weighted, meaning a company's contribution to the index is relative to its total market value i.e. share price x number of tradeable shares. The ASX 200 is also float adjusted, meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.[3]

Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it's intended to reflect changes in share price, NOT market capitalisation. Therefore a fudge factor called the "Divisor" is used to ensure that the index value only changes when stock prices change, not whenever market capitalisation changes. For example, if a company increases its market capitalisation by issuing new shares, the Divisor is adjusted so that the ASX 200 index value does not change."

I understand that "tradeable shares" excludes Bondy's 200M shares so that makes a big difference in Market Capitalisation.
 
A Good News Story-



Linc Energy Ltd. (LNC) said it’s been contacted by about 70 companies from North America to India to fund the development of shale oil prospects in central Australia.

“You’ve got the majors, but at the same token a lot of second-tier groups with big checkbooks,” Peter Bond, chief executive officer of the Brisbane-based company, said in an interview. “We’ve had about 70 inquiries.”



http://www.businessweek.com/news/20...alian-shale-assets-draw-70-potential-partners
 
Mickel said:
“You’ve got the majors, but at the same token a lot of second-tier groups with big checkbooks,” Peter Bond, chief executive officer of the Brisbane-based company, said in an interview. “We’ve had about 70 inquiries.”
Click to expand...

Yeah the 70 companies were probably ringing LNC and screaming down the phone at them demanding LNC to stop harassing them with telemarketing, hawkers, promo emails and other stunts.

Guess you could call that kind of contact from companies with "big checkbooks - inquiries".
 
Mickel said:
This is from Wikipedia- http://en.wikipedia.org/wiki/S&P/ASX_200

"The ASX 200 is capitalization-weighted, meaning a company's contribution to the index is relative to its total market value i.e. share price x number of tradeable shares. The ASX 200 is also float adjusted, meaning the absolute numerical contribution to the index is relative to the stock's value at the float of the stock.[3]

Although the calculation starts with a sum of the market capitalisation of the constituent stocks, it's intended to reflect changes in share price, NOT market capitalisation. Therefore a fudge factor called the "Divisor" is used to ensure that the index value only changes when stock prices change, not whenever market capitalisation changes. For example, if a company increases its market capitalisation by issuing new shares, the Divisor is adjusted so that the ASX 200 index value does not change."

I understand that "tradeable shares" excludes Bondy's 200M shares so that makes a big difference in Market Capitalisation.
Click to expand...

View attachment Linc Suncorp screendump.docx

I was sent this screendump...my biggest concern is that this run on Linc is a 'pump and dump' and the shares are obviously over priced! Wonder when the 'big boys' who are generating this hype will realize their price and then dump them...leaving those who bought in at the higher price wondering what went wrong..."do I sell now or wait for them to rise again like Lazarus waiting for the Saviour to breath life into them."
Having said that, I do believe that IF the amount of oil shale is there, it is worth investing in...when the fever has broken and reality is once again reigning in the emotional moves on Linc.
:coffee:
 
For those who cannot read the screendump that I posted in the above message, it shows the SunCorp model value of Linc shares as of 1week ago...$1.07. The .15cent jump in shares today is almost farcical if it were not for the fact that people are 'buying into' the relentless hype that is going on right now regarding these shares. Now, I do like the looks of the company but, I have no desire to buy in when they are pumped up over their actual value...a bit like a Fed line of twaddle ... So, I am going to call the bluff on their hand and wait for them to drop over the next few months ...like most of the shares these guys 'sell us on emotional hype'...:

holysheep:
 
It's achieved a tech breakout and managed to hang above it with 5 weak closes in a row!
Today was quite positive with high close and decent participation.
This points toward a short term run toward 3 resistance.
There may be alot of suckers who baught the spin still waiting to get out there!
If it gets past 3 it could get a weak run higher.
Crazy but.
Sitting back patiently for weak volume to show in the run, then I'll drop my piano on it!
 
No sell offs mean investors are buying in. **** for shorters but great for holders. common sense probably. I am not worried about Monday but believe me it could sit up for a while into the early afternoon keeping an eye of the US market to see what happens there.
I would believe the volume will be up but just not sure what the price will do. Will be profit taking there and they are already ahead of us on the 10.1 so they may even have a very small pull back, then again they may blitz everything
 
notting said:
Sitting back patiently for weak volume to show in the run, then I'll drop my piano on it!
Click to expand...

One day we will have to get together and measure pianos.

Wish I had the nerve to jump out and hop back in, I haven't got enough hair? Just had a look at the form from the US, volumes are pretty impressive. 154k equating to about $45m. It would appear that the yanks all want a piece of the Cinderella Story. I still would like to see tankers driving out the gates with something we can sell, for real dollars for actual profit??? :whip

(I too do suffer from the occasional bout of Lixdexcia)
 

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