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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


San Leon Share Chat (SLE)



Share Price: 31.375Bid: 31.00Ask: 31.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.75Spread as %: 2.42%Open: 31.50High: 31.50Low: 31.50Yesterday’s Close: 31.375


Share Discussion for San Leon


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quelfromage1
Posts: 366
Observation
Opinion:No Opinion
Price:32.00
RE: Capital group shares
7 Jun '17
Well bottom line is the MMs appear to be sitting on a large number of shares which they will be feeding back into the market eventually one way or another. If there's positive news soon they'll likely make profit on the price difference. Otherwise they will need to drop the price to a point where punters think they're worth picking up and take the loss.

If SLE make the June payment to Avobone without damaging confidence in doing so (!) that should lead to at least a spike. Beyond that there is E8 million due for payment in October which at worst should be covered by the loan note related guarantees and at best will be covered by the Eroton/NNPC payments which as noted by other posters will have a lag time from when Eroton/NNPC themselves are paid.
 
honestsid
Posts: 1,610
Answer
Opinion:No Opinion
Price:32.50
RE: Capital group shares
6 Jun '17
QF, like you say, and I quote you, like the school boy you mention, "So it is not impossible they are sat on large numbers of shares" and that is what I am saying.

MM's don't choose to take such risk, they HAVE to do it It is part of the job, its in their job description and of course, like you say and likely read in the link I left you, they are rather hoping they can offload them quickly and for a small profit.

And thats what they will do, perhaps to someone wishing to close 6.5 million short positions and take a handsome profit from the last few weeks.

Its a game QF, one the humble Pi will never win in the long run. Time has proven that.
quelfromage1
Posts: 366
Off Topic
Opinion:No Opinion
Price:32.50
RE: Capital group shares
6 Jun '17
Sid you are hilarious, like an earnest schoolboy.

What you have put in quotes is true but it is incomplete in this context. It does not say that MMs would choose to hold millions of pounds worth of shares for extended periods - especially with a high risk share such as SLE they would attempt to avoid this like the plague. They are there to create liquidity not take positions. So it is not impossible they are sat on large numbers of shares but I am surprised that is all.

And if they are sat on a large number of shares they would prefer to sell them on at a higher price than they paid (obviously!) which was 35.75p. So do we expect a " bounce" to fool PIs into buying.

There are many possibilities.

QF
honestsid
Posts: 1,610
Answer
Opinion:No Opinion
Price:32.50
RE: Capital group shares
6 Jun '17
The market makers can be sitting on them, thats their job, to act as a stockroom, to provide liquidity. Exactly.

I am surprised you appear not to aware of the purpose of the MM's QF.

"A market maker is a broker-dealer firm that assumes the risk of holding a certain number of shares of a particular security in order to facilitate the trading of that security.

Essentially, market makers are always taking the opposite side of investor trading volume. If investors are looking to sell a security, for example, market makers continue to purchase that security until all sellers are satisfied."

Read more: Market Maker http://www.investopedia.com/terms/m/marketmaker.asp#ixzz4jFk8t2Ua
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quelfromage1
Posts: 366
Question
Opinion:No Opinion
Price:32.50
View Thread (2)
Capital group shares
6 Jun '17
Where did these 6.5 million shares go? MMs can't be sitting on them and there's been significant other selling ... very curious.

QF
frus
Posts: 1,905
Off Topic
Opinion:No Opinion
Price:32.50
Q1
6 Jun '17
I don't recall for the moment how long you've been in SLE but I think it was before the so called consolidation. Do you realise that at that point most shareholders were already losing anything between 50% and 97%. Then with a stroke of the pen he reduced all pi's shareholdings by 99%. Since then the sp has continued to fall so that even shareholders who invested after consolidation have seen a fall of something like 70%. The true sp is now 0.32 of one pence. The amount of money that has been frittered away is immense. Just how a man can preside over such a disaster yet still come up smelling of roses and living like a very successful business man. If that's what he set out to do then he's succeeded.
barnaby67
Posts: 973
Off Topic
Opinion:Strong Sell
Price:32.50
RE: yesterday's RNS
6 Jun '17
Brotherseven, I think you will be uncanningly correct when this ultimately plays out. Little prospect of any income on timescale of obligations so price will continue to collapse. Capital Group are giving up and getting out now so only little man in Street left holding aside from FT as price collapses hoping for all hope it will all be OK in the end. Then wham, bam thank you maam with a huge number of placing shares issued to TF in a few months to meet cash call to AVB and de facto they pretty much own the whole shebang for way less than the 60+p ostriches here were thinking they would get a fe months ago. Existing holdings diluted to oblivion, lovely piece of business for TF and huge pat on back from them for our glorious leader and probably big payoff as they turn this into something a whole lot mor professional and running needing to be trusted to someone vaguely fit for purpose and competent! Anyone still holding that get wiped out in a few months don't say you were not able to see what may be going on.
Brotherseven
Posts: 578
Off Topic
Opinion:No Opinion
Price:32.50
RE: yesterday's RNS
6 Jun '17
I think it's a bit more complicated than that IMHO and my guess is that TF will acquire and take it private at a bargain basement price and I expect another placing shortly possibly before the end of august and the only blip is Avobone and the monies due.Martin will have to stump up the funds for short to medium term liquidity secure its clients investment.Ultimatel TF will end up with a wonderful asset .Gl
frus
Posts: 1,905
Off Topic
Opinion:No Opinion
Price:32.50
yesterday's RNS
6 Jun '17
NNPC has recommenced paying its 2017 cash calls promptly from Jan 2017 and continues to do so.......Does that mean they have actually paid us some money, if so, how much, does anyone know. It also informs us that EROTON are still awaiting historic cash calls from 2015 and 2016, so how much are we owed to date. Does anyone know
quelfromage1
Posts: 366
Off Topic
Opinion:No Opinion
Price:34.25
RE: 6.5 million shares sold. RNS
6 Jun '17
So no offloading to TF before April 6th as far as I know.




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