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Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP


Xcite Energy Share Chat (XEL)



Share Price: 2.225Bid: 2.05Ask: 2.40Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.35Spread as %: 17.07%Open: 1.30High: 2.40Low: 1.26Yesterday’s Close: 2.225


Share Discussion for Xcite Energy


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SIPPn00b
Posts: 196
Off Topic
Opinion:No Opinion
Price:2.225
Speaking as a n00b..
Today 00:43
And I am learning all the time. But, I found liquidity problems with IOG this morning and it seemed that i was not alone, so clearly whilst plenty were selling at panic prices, the MMs were not selling on.

I was trying to buy £20k and then tried reducing amounts but no luck.

My question is - and I thought about buying here at just over a penny but did not due to still learning. How much liquidity is there in a share like Excite in it's current predicament? I have no idea.

Can I buy x for £20k or £50k and can I sell an increased y for a proportionate profit? Or is the liquidity not there? I understand the spread can be significant and can factor that in but not being able to buy or sell shares, in a market that has supposed liquidity, worries me.

Thanks to all who answer.
 
bonker99
Posts: 31,905
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.225
RE: Quiet
Fri 23:42
That's got me in stitches mate - rec pmsl
Topboy1
Posts: 570
Off Topic
Opinion:No Opinion
Price:2.225
RE: Quiet
Fri 23:41
Ryder Cup.
bonker99
Posts: 31,905
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.225
View Thread (3)
Quiet
Fri 23:38
in here tonight eh? ;)

So quiet you can hear the hard drives dropping from a great height ...
bonker99
Posts: 31,905
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.225
View Thread (3)
RE: gamble
Fri 23:34
I know what it could be for sure mate but that's going to depend on the clout of the guys behind this vs the clout of the people with a vested interest in blowing it wide open ...

PM's questions/public enquiry? Absolutely, if enough of the right kind of people make it so and if a D-Notice isn't slapped on it by UK Money Ltd ...
Topboy1
Posts: 570
Off Topic
Opinion:No Opinion
Price:2.225
View Thread (2)
RE: gamble
Fri 23:13
"This stuff" might just be the one that breaks surface bonker, simply because of the very large retail interest and the fact that the OGA are newly installed regulators who will want to avoid a big stink just as they start. This could be a big political event yet.
cyan2
Posts: 497
Off Topic
Opinion:No Opinion
Price:2.225
View Thread (2)
RE: gamble
Fri 21:28
I can see why a vote 'no' has interesting implications. The 1.5% is such an appalling deal; surely they must have known that the decimated shareholders could say 'F' you and take them down with them.

As long as those 'investing' thousands now fully understand that they are making, maybe a 5 to 1 gamble on something better , and,are able to shrug off any loss.

Good luck to all who have been so poorly served by the management
highlandsbull
Posts: 5,139
Off Topic
Opinion:No Opinion
Price:2.225
RE: gamble
Fri 21:08
More likely scenario is to pressure the bondholders to greatly improve their offer. Miss by them of the acceptance vote at the egm opens up a can of worms in attempting to divest the asset and sell it away. They have to declare default on Xer which oga would love re quad 9. Consensus would win, aggro problems.
bonker99
Posts: 31,905
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.225
View Thread (5)
RE: gamble
Fri 20:58
Hi mate.

I'm ignoring the bondholder/vote thing entirely mate so I'm unable to accept the premise of your argument but I understand why you're making it :)

I have my own perspective on this which I advise nobody else take on board :)

I'm perfectly "happy" to lose the lot but nobody else will be and that's obviously fine ;)

I could talk about why the "bidder(s)" could magically appear now but I've said enough already I think ;)

It's not double or nothing, it's 10-1 ("standard" top target on any chart from the ultimate low) from a penny hence my buying this week to secure a couple of grand's worth at a 1.3p average with much larger orders in much further down that may, or may not, ever fire depending on how this pans out ...

Why 10p? Cos that makes the entire company, huge field (since flow-proven and RAR-expanded), other block licences, £800m tax breaks, "debt" and all yours for a snip @ c£130m.

Debt is in quotes because of who the bondholder that XEL's shareholders have been paying all along may be - a nice little earner if you want to see it that way, talk about back scratching par excellence .......

I warned in here of what the TSX dislocation portended at Xmas last year - they may actually have enforced rules over there, hence .......

Add in another SP-rocking RNS on the last day of the month/quarter *AGAIN* and, well, I could go on and on but I won't ;)

It's on-rails from here mate as it has been since day one ...

If this stuff ever breaks open into the public domain properly then it could be legendary ;)
cyan2
Posts: 497
Off Topic
Opinion:No Opinion
Price:2.225
RE: gamble
Fri 20:29
should read 'not UNreasonable'




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