Ahoy!!!! man overboard. Mate, have you ever run a business? What do you mean? they are supposed to be on our side? They are joint Brokers to the Company who orchestrated the March placement at 32p. Can you remember how they got the price down to that level? So it means that THEY have clients, like every other Broker. So if one of YOUR clients comes to you for advice, do you not entertain them? That's all this is, a seller (albeit it at a supposed low price) who needed to offload and they, PH have found buyers at the 35p level. If you want clarification then call them. I would love to know their reply. LOL
It is also important to note that if a large holder has put their shares on the market via PH and done a deal at 35p with another or other institutions, this does not constitute a placing nor is it fundraising by the board - there has been no dilution here, before anyone looking in sees the word placing and starts trembling...
There are two seperate things going on today, firstly probably a single very large sale/buy a transfer of ownership basically, and normal trading albeit with a little bit of panic thrown in early doors. If you exclude the huge trades at 35p (which is not our trading SP by the way which is an important point) then buys are greater than sells which to me is a pretty normal QFI day, ie getting shafted by you know who. The dust will settle and we will get a positive news soon regarding ecopetrol and GoM/Maersk contracts.
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