Swaps are hard for joe public to understand but here is a little info, also you can google it.
Derivatives can be bought or sold in two ways. Some are traded over-the-counter (OTC) while others are traded on an exchange. OTC derivatives are contracts that are made privately between parties such as swap agreements. This market is the larger of the two markets and is not regulated.
My shareholding is irrelevant to the debate, (fyi it is considerably less than it was in the past), the simple fact is my predictions have been consistently better than many on here, including yours sloppyjoe.
You have always implied it is going to rise when all it has done is fall.
And falling it is, yet another 3% today and no matter how hard people wish, dream or look at it with rose tinted glasses, it continues to fall.
Production may help a bit if it happens before the company downfall/buyout, and production doesn't come without cost, but my oh my, what a lot of production will be needed to get this up 100% to where it was a few months ago when Tosca bought (half) of the company and private investors lost £££££'s in dilution.
Institutional investors know how to play the game, seems you and I don't.
Is now falling faster than at any other time in its history....The best I can get is 40.65p also shown on google. Think the plan (END GAME) is becoming clearer........As we all know SLE is completely reliant on our private institutions particularly Tosca. In fact looking at the whole picture there's only Tosca that counts for much with a huge holding of over 41%.......Quantum is now just a bit part player with about 3.5%....Capital Group comes in at around 6.5%...All directors combined hold 2.3% of which OF has a miserable 1.3%. This leaves just one other group of shareholders US the pi's and we are by far the 2nd largest shareholders in SLE. Collectively we hold just over 46%...The private institutions together with the directors have a combined holding of over 53%.
My point is this....Should all SLE assets prove to be worthless then we all lose, institutions pi's everyone except of course OF who will have done pretty well over the last 6 years thank you very much......BUT BUT on the other hand if for example SLE assets are in fact worth £500m to be shared by all. Of course it might be much more.
Looking at this possibility from the lofty height's of the Tosca board room. Why not hold back on news and development as long as possible why not make SLE look as bad as possible why not bring the sp down as low as possible....Then when the time is right make a T O costing you as little as possible. Giving you an extra 46% of the £500m. (£230m) Production can then begin in earnest.....No shareholders to answer to......ALL YOURS.
Does it make any difference why your money is disappearing, bucket shop or anything else, its going down the pan. Its no good standing there blaming it on someone else as you watch your hard earned disappear in front of your eyes. You made the choice to invest in the badly regulated AIM stockmarket, just as I did.
Bucket shops are (unfortunately) legal, just like shorting and other complex derivatives, if you dont know what you are doing perhaps you should put your money into property of just use the building society.
AIM is not a get rich quick scheme for the private investor, far from it, everything is stacked against us, many get burnt.
The SP has nearly halfed since Tosca massively increased its holding only a few months ago.
Even though Tosca bought half the company the SP has still fallen continuously. Tosca have taken half the shares out of circulation to limit supply but the price has halved in six months. Why is that then?
Also why did they go to the takeover panel to say they did NOT want to take over the company and seek special dispensation to avoid having to do so? Seems to me that they have no interest in the actual company and what it does at all.
Tosca are after all probably very clever at using legal ways of making money out of anyone who doesn't know how the stock market works. p
Amazing what the MM and bucket shops can do to a stock that has more cash in bank than current MC and great assets that have a NPV of way over 200M!!
Take no notice as nobody in the real World is selling its MM flipping positions. The talks with multiple parties continue and the SP in between is just a side show, SLE are so undervalued that it is actually criminal what these bucket shops can do to a companies SP in the absence of news.
It will come, so if your one of the clever ones, top up when you can.
Not if but when, hopefully not too much longer....
3D (hoping that they will ban the bucket shops like they did in the States)
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