Fastnet (FAST) has announced details of a proposed reverse acquisition of Amryt Pharmaceuticals, a £10 million share placing and capital reorganisation and the readmission of its shares to trading.
Fastnet Equity (FAST) has been attracting plenty of attention this weekend after rumours that a takeover deal is very close to being completed.
Featuring shares in Alba Mineral Resources (ALBA), Fastnet Equity (FAST), Kibo Mining (KIBO), Mariana Resources (MARL) and Strategic Minerals (SML) with share price targets for all five stocks.
Featuring shares in Borders & Southern (BOR), Concha (CHA), Fastnet Equity (FAST, Kenmare Resources (KMR), Mosman Oil & Gas (MSMN) and Webis (WEB) with share price targets set for all six stocks.
I was toying with the idea of making Fastnet Equity one of my top 10 stocks to buy for the winter, this especially give the way that the company had fundamental backing.
This is really the simplest share tip we will ever make. And it is something of a nil brainer. The trade is to buy shares in Fastnet Equity (FAST) at a 2.25p offer and at up to 2.5p with a target to sell at 3p.
Fastnet (FAST) has been a company that's had its ups and downs. When things within the oil & gas sector just started to look terribly bleak earlier in the year, the company announced it would look to divest its resource assets to retain cash and move in a completely different direction - cue the birth of Fastnet Equity.
A friend from God’s Chosen Country asks whether I should be slamming Fastnet (FAST) for getting out of the oil business. Au contraire. Yes there must be red faces at this AIM listed Irish oil explorer but I think it is doing the right thing and that more should follow. I applaud Cathal Friel for taking the flak for doing the right thing.
Today I take a look at one of the tips that has not gone so well to say the least. With the crude oil price cratering, so too has the share price of Fastnet (FAST), but it did not shed the majority on the back of the oil fall. Instead it decided to tank on the back of a comment by Chairman Cathal Friel to the press where he said that a return of cash and move into the medical sector could happen because of the oil price. The share price slumped 40% on that announcement which is an over-reaction and here is why.
Fastnet Oil & Gas (FAST) was the first company presenting on Monday night at the ShareProphets seminar. I hope you take something away from the video of the event.
My pair trade of Urals Energy (UEN) and Fastnet Oil & Gas (FAST) has started very well when you look at tanking markets. When my sell call on Urals was posted the share price was about 9.5p. It is now about 6.25p so that is a stonking 35% in THREE trading days. I’d close that out now. But stick with Fastnet which is at 7p when I tipped it the shares were 5.75p. That's a stonking 22% in THREE trading days but I am calling this one higher. Much higher.
Today I cover another pair trade. This time I say dump shares in Urals Energy (UEN) and grab a slice of Fastnet Oil & Gas (FAST). Here is why. In short, Urals is an obscenely risky play and Fastnet is an extremely tasty, low risk, play.
This morning, Fastnet Oil & Gas (FAST) announced it had awarded 5,000,000 options to its Chief Financial Officer, Will Holland. There might be some complaints about the size of this award, especially as Mr Holland currently holds no Fastnet stock, but the vesting conditions of the options are worth paying attention to. Rather than grant Mr Holland a free ride on Fastnet’s share price recovering from its all time lows, the board has set some stretching, yet possibly achievable, targets over the next few years. Long-term holders might not be overly enamoured with these, but for anyone new to the stock (including Mr. Holland!!!) this could prove to be a positive alignment of director and shareholder interests.
It has been a bumpy ride over the past few months for Fastnet (FAST) but its CEO Cathal Friel is an impressive chap and with oil stocks back in vogue is he worth backing? Watch this video from the UK Investor show and decide for yourself.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by Cathal Friel of Fastnet (FAST)
