So they have finally picked up on what we have been saying all week. I stress again and my personal opinion is that we will probably hear a lot sooner what the deal is. Why these companies are acquiring in such quantities on the open market. The house always wins and these guys know what they are doing. If you remember the Hawkeye announcement that propelled the shares by near 100% alone, so I wait with abated breathe to see what is in store this time! 4p could be sooner than you think. DYOR.
There are strange goings on over at Red Emperor Resources (RMP). Since the company announced the failure of the Hawkeye-1 exploration well, it has issued half a dozen holdings RNSs in which three organisations, including its UK broker, Brandon Hill Capital, have been steadily increasing their notifiable holdings on the open market. Yesterday, the J&J Bandy Super Fund joined the party, declaring its 3.66% stake. Today the companyâ€™s share price has risen 8.37% to 1.27p, last seen. Does the market sniff that something is afoot? When I last covered Red Emperor I wrote thatÂ this is a stock to avoid . Todayâ€™s piece might seems like I am back peddling on this, but it would be foolish to ignore the recent flurry of buying, especially considering Brandon Hillâ€™s participation. Brandon Hill now owns 6.47% of Red Emperor, having increased its stake in the open market. This is highly unusual and a little hard to explain. When corporate advisors take stakes in client companies they usually do so in lieu of fee payments. For Brandon Hill to have bought its stake directly on the market, this does suggest it is confident something is coming. It is also interesting that the buying has been going on over here, as well as in Australia. The J&J Bandy Super Fund paid for its shares in Australian cents, as did Seventy Three PTY, which now owns 5.33% of the company. Finally, there is the J&J Bandy Super Fund to consider. There was no mention in yesterdayâ€™s RNS that the J&J Bandy Super Fund has anything to do with CEO Greg Bandy, but it is worth notingÂ this RNS Â from 2012. This described a change in directorâ€™s interest. This announcement declared an indirect interest for Mr â€œGregory John Bandy & Mrs Jennifer Therese Bandy <The GJ Bandy Super Fund (including registered holder) A/C> - beneficial holderâ€. It could all be entirely coincidental, but if there is a connection between Greg Bandy and the J & J Bandy Super Fund, why not declare it openlyÂ in yesterdayâ€™s RNS ?Â Â Â Â Â Â Â Â Â Â Â Â Â Further digging is definitely required, but if it turns out insiders are buying this stock this will beg the obvious question, why?- See more at: http://www.shareprophets.com/views/15099/is-something-brewing-at-red-emperor-resources#sthash.5vuuqq2m.dpuf
It could fall back but 1.25 could be a strong support. I am looking at my pf now and returning to 12month plays. august was a great month for profit of around 250k. September so far is about 35k. To be honest i am holding here for 4p + and i am pretty sure it will be hit in 12months
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.