ITC impress energy limited

In the last two days 3% of the company has changed hands. It...

  1. tui
    6,165 Posts.
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    In the last two days 3% of the company has changed hands. It would be interesting to know if the majority were placed with one broker.

    The market was quite happy to chug along at 4.4 cents so the rise to 5.1 in a day indicates that the 3D has impressed an astute investor. It would also be helped by the rising oil price plus the outline of what can be achieved once the drilling starts.

    It could be the prelude to a takeover by someone else.

    It certainly has got me intrigued but against that it makes common sense to buy at these silly levels.( A while ago I sold some BOW to give me 2 years of lifestyle. I put it in the bank and then realised that ITC at 3.6 cents was a steal. So I bought 6 million and the return looks a lot better than keeping it in the bank.)So pleased I did.

    Good luck everyone. It is going to be an exciting end to 2010.
 
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Currently unlisted public company.

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