The Anthony O'Reilly shares will at the very least change hands (part of the bankruptcy) but could also be positive if someone was sniffing around and could take the whole lot - they'd get them at a decent price and the seller would also get a far better price than they would on the open market. Could well see this go lower but have taken one lot already (128p) and am looking to add more on any further drops we see. It is the sort of share that could move very fast on any good news, or even just rumours. The recent loan deal helped make my decision as well as had been a bit concerned we might have seen an equity issue - at least with that behind them it does make their negotiating position a bit stronger than with nothing in the bank or that they could call upon. ATB
Gary The 3 major share holders pain a picture don't they? Sir Anthony O'Reilly 9,961,720 £12,103,490 BlackRock Investment Management (UK) Limited 7,056,217 £8,573,304 JP Morgan Asset Management UK limite 4,660,970 £5,663,079 I never got into OHIR but I am now into PVR with my first batch and will play this like HUR in 3 batches (where in HUR got as low as 22p). I had used the spare cash that was intended for HUR at 39.9p but never got that low. your stuck with me pal :)
A think a lot forget that these positions are often part of a big bundle, and just because they might make a loss on one it doesn't mean that they do overall. A few do seem to be cutting back on oil shares at the moment though - Blackrock certainly are by the look of it! Still confident here and taking a longer term view than i do on a lot of my others these days!
suspect he underplays the big seller drag on sp...IIs are strange beasts...the management of the funds is often...well let's say a little odd..they create the weather selling large chunks of shares that matter to the sp but not the funds performance...a bit like bored Gods of Greek myth
Very good article h/w... http://www.spreadbetmagazine.com/blog/titan-inv-partners-bowleven-providence-resources-are-we-once.html
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