Well Monday should be interesting as it will herald the start of a new era for Blvn going into 2015 with four materially high impact wells with significant upside to be drilled in Bomono and Etinde (Bomomo Zingana-1 well which has a targeted resource of 309mmbls and 420bcf HIIP). Certainly the recent director buys are very encouraging (especially notable is that by Phil Tracey) and we can now expect renewed institutional support with the current share price being so disconnected from value after completion of the FO (with previous funding concerns which previously weighed on the stock soon to be removed). Also to note that there are likely to be several potential takeover parties who will be interested (and who have previously run the rule over Blvn - the likes of Addax, Sinopec, Perenco, etc) and this could easily lead to a bid (with Blvn being a little fish in a big big pond). Overall, plenty of catalysts ahead and perhaps we might even hear of an RNS on the GSA sooner than later!
I wasn't suggesting anything untoward. I doubt the ones immediately after the RNS were limit trades, look more like news bots based on their timing (~20 trades within 15 seconds of the RNS release at under 32p).
Well it would appear the RNS was not leaked looking at the trades/volume prior to its issue. That may help the price tomorrow if the shorts decide to close. I think there are around 3.8m at last disclosure date.
Yeah the auction did block Ordinary trades from occurring (I hadn't actually checked the auction open time), but it was more that the AT's are pushing the price up rather than down, which is a reverse on their effect earlier in the day. Calls for the Closing Auction do start at 16:24.38. I guess you are correct that there wasn't time for manual trading people to react! :)
Prior to the RNS, from 4pm until 4:30, there were ~5 Ordinary Trades, and ~50 AT's. From 4pm until the RNS every AT pushed the price down, afterwards, they all pushed it up.
I am just hoping that the momentum is maintained tomorrow.
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.