Monday 20 December 2010

Happy or sad XEL Xmas?

Can't believe that a whole years trading has come down to waiting for Xcite Energy to try and finish a flow test by Christmas. The delays of just a few days have seen the shareprice take on the form of a big dipper rollercoaster.

Now the tests are underway, but can they complete them, analyse them and publish them before the market close on Christmas Eve?

I never thought share trading would end up like following a plot from some B grade soap opera.

6 comments:

James Higham said...

Life is a B grade soap opera, CUS.

Anonymous said...

Merry Christmas.

CityUnslicker said...

All worked out Well in the end though. Nice news this morning.

roym said...

certainly did. wasnt expecting it that quick. dont want to sound greedy but do you think 600p is on?

Budgie said...

Boo hoo, I never got in to Xcite.

CityUnslicker said...

Roym - 600p is the bandied about price. I am not so sure, I sold about 1/5th of my holding at £4 this morning (the rest is profit..). XEL might do a placing and so hit the shareprice..alternatively when the II's get back after Xmas it might rise quite a bit. I think I will slowly sell down on the rises and keep a few for the memories to see where they go. All my sells have put into EMED and AEY - all ISA so have to limited options. IAE may get a top up with more XEL money too later.