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Like being attacked by an angry sock puppet
I think Mary Poppins with a T you are potentially guilty of misrepresentation ...the SP has risen from 23p to 30p since early December...which is 30%...i don't own any shares that have done that over the same time period. However, It is as ever convenient to choose what dates you look at...as we also reached 30p in November... whereupon we can say SLE shares have done nothing over the past 2 months...or we can go back to a more sensible date - say the July / August lows when all the nonsense about STT was doing the rounds...the reality is simple...the SBB is coming unless a creditor of the company objects over the next week. As per countless previous emails, and responding to TimB's comment - the sums simply don't add up as to where the company will be able to buy large quantities (or 5%+) of the company's equity) without a sharply higher SP...i think a 30% rally in the past 6 weeks is a good enough start.
BR,
'Utterly redundant history'........The company announces a potentially significant SBB and the share price goes.....effectively nowhere. Why? Because, due to the 'utterly redundant history' of the company, no one believes a word management says (and is two suspensions in less than two years an AIM record?).
Anyway, I have a job to do. You continue posting endlessly from your batcave.
No, TB, I think what PC means is that someone may be building a position at these levels in the hopes that the company does initiate a buyback and, due to tight conditions, produces something of a squeeze in the shares resulting in the company paying increasingly higher prices in the market(a very possible outcome as has already been described here). In such an event, this current buyer would likely then be able to 'turn' his position in the market for a tidy profit. Maybe not the kind of market activity longer-term holders might want to see, but perfectly common when a company begins a material buyback. PC was just using a shorthand expression 'offer the company' for what this mystery buyer would effectively be doing. Of course if someone is building a position of some size, it could just as easily be someone like most of us, who sees the medium-term value and loves the fact that by early Feb, the company will have his back!
No foul.
Do you think they will "offer the company" at less than they paid? What's your point? A buy is a buy on a rising stock.
Or someone being sensible and hoarding some stock to be able to offer the company...Feb 8th I think we agreed?
it would appear so
Chunky delayed trade of 430,000 @ 29.80p - £128k just popped up.
Someone’s a building.....
Holy Leons! time to get back to the Batcave for a glass of some proper Batpinot (eg.Chambolle Musigny). ps. actually this is down to the 'Nigerian Sid' effect - no sooner does he appear and off we go again...
Ha, I'm Batman! Suck it, Al!
A+B: Batman/Robin the dynamic duo - good aggressive work by both of you, the SP seems to have cleared 30p, you must be in for a promotion - my holding 7200 (ex 720000) is albeit slowly increasing in value! Robin can check that out from my posting history, it seems that is what he does, having said that do either of you own SLE shares?
Best of luck to long term shareholders - still looking for min 34p during Feb?
Unfortunately, market makers don't allow the bodies to be cleared away; they prefer to hang them around the neck of the company, like an albatross. More positive movement before we see this cos worth in the share price.
buy first thing?
indeed roger all that Tim B. think scene 2 is about to start. they just need to clear the bodies off the stage at the end of scene 1.
You chaps give afa effingwhatever too much credit, this racist ruse is no other than sister sid doin it for her sistersquirrels. Let's hope act 3 scene 2 hurries along as the sid and afa show is barely b grade. SLE 2.0 is a no brainer as an investment, ie if you don't have a brain don't invest.
indeed bluerill, as well as the faux afro - spreche - 'mr. bluerill' 'mr. alaric' etc ( arguably, as I think you previously suggested, racist) and appalling syntax, we have the classic squirrel negative innuendo, dressed up as just harmlessly telling us about how the SP has performed in the past...so what's new here ffs? you know Afamefuna, you're going to need to do a lot better than this to survive on this board.
but you see Afamefuna, that's not true is it? You didn't ask why the SP ' HAD only ever GONE down', you asked 'why DOES the SP only ever GO down'. you might think that's just a bit grammatical semantics but it isn't, is it? the alternative meaning, which you clearly intended by using the present tense, strongly implied that the SP would continue to go down. So you just got it badly wrong again, as you did with Sun Trust. Why would anyone listen to you now - you've been on this board barely 2 months and got 2 fundamental things about this share badly wrong. tut tut.
I fancy the effort to make that post appear authentic - I don't know, what are these Secret Squirrels going for? Nigerian Del Boy with a hint of The Inbetweeners, I reckon - must have burned more than a few brain cells. My favourite - and there are so many to choose from! - is sticking 'ever' and 'done' into a new compound word. Classic squirrelling.
a simple answr to a simple quetion from you mr alaric. at the time of my question all the share price had everdone was go down and i was asking why. you are very very correct in saying my question is now 6 weeks old and shows you grasping at breaths to try and be making somthing from such old statments. 6penny upwards. very good for those lucky fellows who bought 6 weeks a go. 1penny a week a very very good making of money. will the value break through 30penny this week or will they take there money now.
...Afamefuna. your maiden post on 14th December - 'mr bluerill this looks like fantastic information but why does the share price only ever go down. explain that to me please.'
SP on 14th December - 23p
SP on Friday 25 Jan - 29p
so you were only 26% wrong in just over a month - care to explain that?
half way
Oil blocks renewal: Stakeholders raise concerns over 42 leases
Despite Friday’s assurance by the Federal Government that there were no irregularities in the ongoing renewal of over 42 oil licences, stakeholders in the oil and gas sector, yesterday, raised the alarm over the ongoing exercise.
https://guardian.ng/news/oil-blocks-renewal-stakeholders-raise-concerns-over-42-leases/
thanks bluerill for the most elucidating exposition of the recent market in our shares. i found the passage on 'san leon 2.0' fascinating and it is of course the point that our furry friends continue to miss (or at least chose to ignore). i repeat it here since for me it is absolutely key to understanding why the past for san leon is just that now. 'it is absolutely not uncommon for a company, even one as small as SLE, to have a '2.0' as it were. In fact, it's pretty much as common as dirt. Happens all the time, up and and down the market cap scale, and side to side across various sectors. In the end, if the story is sound, the capital is still there as it clearly was when Oisin brought the Mart Resources/OML18 deal to Martin Hughes at Toscafund'
All reads well and makes a lot of sense so - Amen to that...good weekend all.
(cont)
didn't really finish properly....
first i meant '(although many of US are looking at this chart and seeing the beginning of a breakout)'
otherwise, the unifying theory here - including the reasonably big block that Manu cites of 350k or so - the circumstantial evidence is that a buyer or buyers of some consequence (volume has been steadily increasing of late) continue to support and advance this share price, in all likelihood on the back of the buyback story and improving fundamentals, all the while taking out various sellers who either don't know or don't care. And honestly, that is as strong a reassurance that the market understands the opportunity here as shareholders could hope for. A more acute rally into early Feb would be great, but its absence is in no way an indication of the market not taking the company seriously or in some way, rejecting the importance of what the it is likely about to embark on.