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Lgo Energy Share Chat (LGO)



Share Price: 1.75Bid: 1.70Ask: 1.80Change: 0.00 (0.00%)No Movement on Lgo Energy
Spread: 0.10Spread as %: 5.88%Open: 1.925High: 1.925Low: 1.725Yesterday’s Close: 1.75


Share Discussion for Lgo Energy (LGO)


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JStav
Posts: 648
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (2)
RE: Unbelievable
Thu 13:56
It's purposely being held here. Buys have far outweighed the sells. Whilst they're not an exact science in themselves as some get erroenously reported, it's pretty clear something is going on.

Mr Tinky Winky claimed they were holding it at this SP until Q2 results and were doing so with the help of Cantor. As much as I don't like the guy it's holding this price and Cantor are the ones sat here on the ask.
 
Bezinio
Posts: 191
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (2)
Unbelievable
Thu 13:52
Surely this SP should rise a little after todays buys 600k buy stays the same 500k sell drops am gobsmacked.
lfc1990
Posts: 156
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (16)
RE: KFC 1990
Thu 13:48
Del,

You misunderstand how the process works:

1. It's not shorters who ruin a company anyway, it's bad management. Shorters take advantage of that in the same way longs take advantage of underpriced stocks with good management.

2. If a company is bust then the shares will have no value anyway (or some tiny nominal value). In reality, to close the position the shorts will settle the stock with some value. It's a kind of market after the event. Shares have 0p value technically but shorters are in a great position and can wait out for months - but like I said they usually just settle it all.

You can argue with the second point, but that's what happens in real life.
delboyuk
Posts: 34
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (16)
RE: KFC 1990
Thu 13:38
Exactly MrCalm.

Shorters don't use their own shares. They borrow them so they can lower the SP and then buy them back so they can return them.

LFC (Great team by the way!) would you honestly expect any company that purposely shorts shares to go back to the person(s) they borrowed them from and say "oops, kinda ruined the company you were invested in, may have lost all your money but don't worry it'll be ok in the end". They'd never be able to do business again with that reputation. If so I'd love to witness that conversation.
lfc1990
Posts: 156
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (16)
RE: KFC 1990
Thu 13:36
And how was it a pointless post haha? The original poster suggested that shorters target well run companies, which is daft. Why would you short a good company that was reasonably valued???? Would be as stupid as going long a bad company that was overvalued.
Theandyman
Posts: 21
Observation
Opinion:Strong Buy
Price:2.13
Still willing to buy.
Thu 13:31
Oh no!!! A fraction away from a nice 2p purchase.
lfc1990
Posts: 156
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (16)
RE: KFC 1990
Thu 13:31
They settle with longs directly. usually offer some nominal value for shares to avoid dragging the process out very long
MrCalm54
Posts: 3,655
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (16)
KFC 1990
Thu 13:28
pointless post. If the company suspends or goes bust how do u expect they close the shorts
lfc1990
Posts: 156
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (3)
RE: To short or not to short
Thu 13:14
"Shorters can only do this against companies that can handle it. No point in lowering the SP and watching a company go belly up resulting in a disaster for them too! So, by being shorted we know that we are invested in a company with safe hands."

Lol go tell that to Afren holders. Shorts made an absolute mint there. Why would it be a disaster for them to stay short during suspension/bust??? They just settle with the longs for some notional value...might be a longish process but hardy a disaster.
blanklook
Posts: 535
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (4)
RE: Re-completions
Thu 13:12
Thanks Stotters, perfect answer!





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