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More nonsense from Afake i see and still claiming he's doing well out of shorting san leon, despite being exposed as a liar by his buddies here. maybe he needs another schooling from bluerill in how shorting works in the real world not the fantasy one?
More bad news to keep the red lion in the red.
investmunt in Nigerian oil is one big gamble.
shorturs delite. lol
https://www.premiumtimesng.com/news/top-news/609395-oil-theft-navy-uncovers-sabotaged-nnpc-wellhead-in-rivers.html
Ha ha very funny. you can bet on anythink in Nigeria. lol
Leaving accuracy aside to a later date so we have something meaningful to judge, the point you forget, BS, is credibility. why should we believe anything you guys say, when Afake has been exposed as telling porkies about how much money he's made shorting san leon and the rest of you appear to hero-worship him? i fully intend to return to this aspect of trolls' posting in the future, when required.
Alaric - your far too keen to drive a wedge in reality - the operative phrase in my last copied and posted comment was - -"at the moment anyway" - that is not to say in Af's long history of postings on shorting 'has not been impossible in the recent past and I object to your comment that I had any intention of "throwing under the bus his posting history has beeen regretable far more accurrate than yours and thats an understatement!
Good to see you agree with bluerill BS. most sensible readers here also do and can see that he's a seasoned professional in equity markets. of course that rather confirms your buddy, Afake, was telling porkies all along. i love the way you guys are prepared to sacrifice one of your own to make another point. the question is though what point are you trying to make, other than the usual snarky ad hominem stuff?
Bluepill - Agreed - "SLE is too volatile and too event-driven and, at the moment anyway, too illiquid, for the risk models of any of the spread betting firms to even consider accepting." Tut, Tut - "Angry"- your persona is slipping through again hardly the attitude of a professional "business" man as others on this board have suggested.
Spot on blueril, not only Afake and Afailure but Afraud too.ha haa ...
I often could not contain my anger at how utterly appalling his entire schtick is so I no longer post here anymore.
Good to see Afake put in his place by a city pro. it seems h'es been posting 'meaningless blah blah' all along lol. just goes to that getting posts taken down because they expose you as a fake doesn't work and just makes you look an even bigger numpty :-)
So that no one here is in any doubt, what this rounding error of a poster is babbling with that word salad might at times have some tangential connection to spread bet trading in Vodaphone or some other megacap, but absolutely sweet fa to do with trading in San Leon. Anyone, anywhere who tried to log onto to any spread bet platform to try and put a short 'bet' on in a name like sle recently in any size above molecular scale, would have been immediately refused and then required to call a real human being at the spread bet broker who would explain that either such a trade is likely just outright rejected, or - a tiny possibility if the client is important enough - a stock borrow would be required to initiate the trade. And since Tosca + management have a massive super-majority of the shares locked up and very much un-borrowable, good luck to afake's mystery short seller(s) finding enough shares to borrow in order to put on a position of more than a couple thousand quid short (I don't know, perhaps that impresses some down the pub). Sure, the odd IG or PLUS 500 may have a client or 2 who are already long San Leon that they might considering 'netting' against a new short position, but even then they would probably require sourcing an adequate borrow as SLE is too volatile and too event-driven and, at the moment anyway, too illiquid, for the risk models of any of the spread betting firms to even consider accepting. In other words, what all that serves to demonstrate, is that the idea of some kind of huge bet against SLE shares, somehow hidden on the books of spread betting firms put on by punters who are simply allowed to 'bet' against the share price, is the fantasy concoction of the type of person who thinks its funny to troll a Nigerian-based company by creating an avatar that 'speaks' in pidjun English. Bottom line, trying to short San Leon at a spread bettor versus a traditional broker is effectively, a distinction without a difference.
Funny how some posts get removed, and yet other ongoing share bashing are allowed to stay.
. Same old.
And sum much needud educashun fur alaric. an boy o boy do he need it badly. read it a few times alaric it very complex an i dout your brain will undurstan it on furst readin.
the supplier of the CFD/spread bet need not actually place the trade in the market. When you spread bet you are basically betting against a bookie.
so don't think that as soon as you place an up bet for 888 at £20 per point, the spread betting provider is going to rush out and buy a two and half grand CFD to hedge the position. What's the point of this if 30 seconds later someone having the opposite view as you will go short on 888. So is there any point for a company to hedge?
Spread Betting: In essence, it just a matching process. Match all longs against shorts and capture the middle. The house will run a % of overall volume uncovered in normal markets for additional profit. All spread betting bookmakers take on exposure. If they didn't, and went away to hedge every single trade, they would make very little in the way of profits. This is for the simple reason that hedging costs money, both in terms of market spread and broker commission.
Everyone talks about 'hedging' but hedging costs the firms money in terms of execution costs plus spreads plus slippage and therefore they generally try to keep this to a minimum.
no needs to thank me alaric. lol
Readystedy here a quote for you to help yous undurstan
Traders cannot lose more than what they have deposited with brokers.
you see readysteady it not a trade it a bet. it cuvered by gamblin act that why ther is no tax on gain. lol
Origins of Spread Betting
If spread betting sounds like something you might do in a sports bar, you're not far off. Charles K. McNeil, a mathematics teacher who became a securities analyst—and later a bookmaker—in Chicago during the 1940s has been widely credited with inventing the spread-betting concept. But its origins as an activity for professional financial-industry traders happened roughly 30 years later, on the other side of the Atlantic. A City of London investment banker, Stuart Wheeler, founded a firm named IG Index in 1974, offering spread betting on gold. At the time, the gold market was prohibitively difficult to participate in for many, and spread betting provided an easier way to speculate on it.
What Is Spread Betting?
Spread betting refers to speculating on the direction of a financial market without actually owning the underlying security. It involves placing a bet on the price movement of a security.
The spread bettor does not actually own the underlying security in spread betting, they simply speculate on its price movement.
That was such an obvious reply from Afaf... Caught with his pants down, he has cobbled together a red herring, to try and convince everyone that he isn't in a mess.
... I've always thought he was just the "mouth piece" for a much larger player... Somebody definitely shorted them, you could see the stock being sprayed around the mkt once the buyers had gone quiet, pre suspension...... Now it seems that Afa may have been running in front of his bosses order, and running a spread bet for his PA.....naughty, naughty... That won't go down well Afa.
. Anyway.... What it boils down to is that somebody has a short open and with the sock in suspension, they cannot close.
. Any good news for us, is bad news for them.
Talking of 'furgetting' stuff about shorting, it looks like Afake has had a 'senior moment' or two. he forgets that even spread betting forums like IG have to borrow stock to back short bets, as they won't take risk positions themselves. it's pretty difficult to borrow in stocks like san leon and even if they could they would be on worst terms and on very quick recalls. moreover you won't be able to do anything of any size and anyway who's going to lend - Martin Hughes? i think that's pretty unlikely and the same goes for Oisin and Jite. maybe the stock got professionally shorted on the run down to 12p but if so did they see the run up to 16.5p? unlikely, which now means they're stuck suspended in the worst of all worlds, with only worse to come with good news about audited accounts and new funding on the immediate horizon. so seems again that the bloviating troll is in dreamland with mickey mouse and pluto.
Ha ha. funny boy. alaric as if yo didunt know. spred bets dunt get reportud.
bet that what you use after you does rampin to the hilt. after the rampin the red lion go evun reddur and reddur evury time alaric team big it up in last 8 year. a familiur patturn anyone can check out an use to thems own advantige
spred betin usually riskey but with this famus shorturs delite it a dead cert. with margin tradin an stopiin losses it very very lukrative isunt it alaric. Lol.
Yes the reporting threshold rules for short positions are available on line. Anyone can look them up.
I notice you don't deal with any of the other fabrications i listed, Junkie, does that mean you accept them? as for your pathetic attempt to pass the buck on your shorts lie to lse, you can take a running jump. i already explained that lse wouldn't have sophisticated sources of information on short positions, so it's up to you to check first before stating something as verbatim truth much like the problems you've all had with nigerian journalists. you guys just don't help yourselves but you'll get no peace from me, so don't expect any.
So there we have it. So you're claiming that London South East are telling lies when they stated there were no short positions? I only repeated the information provided
by the proprietors of this board. Are you calling them liars as well?
pull the other one, junkie, it's got bells on. where to start that is the real question? i don't imagine you'd particularly enjoy a walk down memory lane and revisit those halcyon days of how sun trust was going to bust san leon? come to think of it san leon being busted by some nigerian creditor, which has connections with the seamier end of the local press, has been a pretty consistent theme with you trolls over time. and at the same time of course we had all that ****** about eroton being the assignor of the operating license for oml18 from mart western and failing to give notice of assignment to the state authorities (your implication being that the whole transaction was void). maybe i should let off that one, as it became clear you didn’t understand the difference between an assignor and an assignee or that of course eroton was the assignee!? your recent fabrication, as you know was the claim that san leon had no short positions open, which if true, rather exposed your mate as a liar as well lol. this is what you said: 'it will tell you that there are no open short positions in sle. so please stop acting like a child.' is that enough lies for you?
OK Alaric,
I challenge you to post up a single lie, with evidence, that I have put up on this board.
Get to it.
I tel you i out an close short on 28 june but you only listun to them voice in yer own tiny dimwit loosin rampur head.
my munny is safe. I spendin it while yer muney is tied up for munth after munth again an bad news mean you looses evun more an more of it.
you bin rampin 10 yers fur oisin fanning while he take all sharehuldur muney away. agen an agen an agen he do this to sharehuldurs an it prove all yer rampin stories has alway bin rong. no wundur you so angry an touchy. funny.
the red lion the shorturs delite. Lol
Yeah thanks BS. 'Give us all a break from all the shorts and long chat nonsense'. think you probably need to direct that remark to Junkie or Afake, as we're not the ones telling porkie pies. as the old playground chant goes liar liar pants on fire :-)