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So company directors are into buying shares just before a company goes bust!! I've heard it all. Alan Booth has an impressive track record to defend and if previous form is anything to go by, is not into throwing money at a loosing company
They only after the company sends them conformation so that they can issue an RNS! They don’t tell the company that they plan to sell before they do it! Also your question was about the directors buying ... even though they think that someone might sell they are in this for the long term so will buy any way! Finally , directors buys need to be taken with a pinch of salt ! In the past plenty of directors have bought shares before the company issues a profit warning or in some cases goes bust! You can’t read too much into that!
Every FTSE company that has a major seller knows exactly who and why. Ask the company broker!
You can not be Sirius! Lol has to be done !
Lol ! You think anyone is “happy with the current situation”???? ... Every single institutional investor will be giving the board an absolute ear full! They have seen one of the biggest value destruction of an oilie since AFREN ENERGY!! They won’t be saying to the board we are “looking to sell on Friday” LOL
Haha are you for real. They'll know exactly who's happy with current situation and who's looking to sell. Investor Relations is key department in FTSE companies.
The directors wouldn’t have know ! Even if they did , they wouldn’t care ! They are investing in value for the long term... Institutional shareholders don’t inform directors that they plan to sell! They don’t need permission to sell
Interesting or bit worrying? Volumes today are only 2m so far!
The rot needs to stop here that's for sure.
Why would directors buy if they new major shareholders were looking to offload??
Yes that’s what I said yesterday! There are multiple institutional sellers in the market ... These guys have over 10% (over 70 million shares) so could be interesting
No wonder this keeps dropping.
Fair point about Fortuna Monkey Moo... I’d rather they didn’t do too much exploration work to be honest ! I’d prefer development , production, increase cash flow .... pay dividends They have already spunked over a billion dollars on exploration and incurred exploration realated losses on 4 out of 5 previous years Stick to our new bread & butter
if doing a deal with OPHIR on Fortuna now brings first production closer say by a year or two vs. waiting and picking up from scratch the asset - the net cash flow might mean it makes more sense to pay for it now and get the knowledge etc. ..vs waiting for license to expire just pondering
I'm concentrating on cash flows currently and moving forward - the market wrote off fortuna, Tanzania, a while ago (hence why its here sp wise) - hence why no impact on write off yesterday - anything positive with fortuna is bonus that sends this very very far north from here ….
Mexico drilling in 2019 - further production increases - oil price rise -increased FCF ...I am comfortable that the recent fund seller has given this opp and they will be out soon based on what they had left and volumes recently ...
It’s an African elephant not an Asian one! The results yesterday were outstanding apart from the 300 million write off ! I think the market is worried there could be another $300 million to be written off in The results in March and hence why we are still languishing at sub 38p! If the can secure even a mediocre deal for Fortuna this will be back at 65p within seconds ! Next 3 months will be interesting ! Either up to 65p+ or down slightly from here if Fortuna isn’t secured ! The question is : why would anyone pay OPHR for Fortuna , when they could get it for free in January ?
1.2 million traded in first 2 hours - big volume week all in all ..
Luck OPHR has nothing to do with the aim market
reality is the focus is SE asia - so makes no sense to be based in London
Any one worth there salt will know more companys will be leaving London
Sooner rather than later
A company like Ophir can operate anywhere
Think there move to Asia is the right move for them at this moment in time.
never thought I would say this but actually a mildly good article on motley fool - basically concentrating on cash flow and the fact that market has missed that this company has set a great base up
Not a very flattering report on 'Struggling Ophir quits London' In the Torygraph this morning. All negatives, no positive comment at all. Thats financial journalism for you these days. Must admit if I was thinking of investing I'd be having second thoughts I can tell you.
morning - went through all the results and presentation again last night - will take more today - this really is a steal at these prices
morning - went through all the results and presentation again last night - will take more today - this really is a steal at these prices
Thanks for reply
Next 6 months give it a chance
After spending 205 million dollars on Santos which is all done and dusted how is Ophir still only valued at £268min total?
Whats your thoughts on todays activity LC
Been very quiet