People are crazy to vote for Todd to stay when he has rinsed PI's over the last 2 years, sold off his shares and left most of us are sitting on a 30-60% loss! No good rns, no director buys and little hope of getting back above 130 soon let alone the normal levels of 150+.
He's not up for remaining as CEO and will step down. Hes just going to be a director. TK has known for years that the KRG have his back and has felt untouchable due to this. That's why he so blatantly took the mickey so regularly over the years.
I say let him stay on the board if the KRG insist. Having him removed as the top man and face of the company may not be a bad thing though. He's clearly still going to be pulling strings however, so it makes you wonder what will really change no matter who is steering the ship. Not much at this stage is my guess. A new leader may be good for perceptions though.
'Cause unless he gets the mother and father of RNSs out it's Goodnight Vienna TK, and rightly so. I mean how can you take millions from the company and watch the share price fall to such ridiculous levels? It would be funny if I wasn't holding in hope! Sitting on one of the biggest recognised oil fields in Kurdistan GKP should be up there in the 5s to 8s!
how could anyone say the only thing that matters is the share price Why the share price is what it is matter more than what it is. Like when it was 9p - exploration nothing found So yes it matters a lot what causes the price to be what it is at any one time. If its because because we were about to go into liquidation it would matter because the best decision would be to sell. If its because we are being played then its a hold if its about politics then people have to decide what the outcome of politics will be. Now right now we do not have the full picture, we are left with guessing and theories. Nothing wrong with theories, as long as they are explained as theories and not as fact. Theories lead to research and further analysis of the situation, which can only be a good thing. What we do know is there was a board room spat. we know there is a political situation We know we have a minimum amount as per CPR We know KRG state there was a conflict of interest with two board members Everything else is theories. yes the market values GKP at what ever price it is at any moment BUT the big question is why. So no, its not just the share price at this moment that matters, its why its there and what could change that to positive or become more negative that matter. Todays sp reflects CPR ( big question on how much it covers and was it more conservative for reason ) then a minus for politics, a minus for board room and running of company and then you have confidence for change. We also have short selling. These reasons are very important for determining if its likely to rise or lower. If i was innocent and sacked from the board, i would be telling my story, so far i have heard nothing from those board members and the silence is deafening. Only time sp is vitally important is if you buy or sell, other than that its what the future outlook is that matters, thats at anytime.
I won't be able to make the AGM due to an urgent drinking and sunbathing appointment which requires me to head much further south on the same afternoon. Gutted as I am to be soaking up the included beer and gin etc till I am in a recumbent posture) look it up)I may just be able to cope missing this years orchestrated pantomime if I try really really hard. Hic
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.