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"We are seeing a blatant accumulation by a number of firms acquiring ANGS shares in the millions to profit from either a rerate on first gas and sustained production, or a full company sale at multiples of the current price"
Shareholders would have been better off if they'd taken the SOU offer 4 months ago
Tygra most of what you say is possibly true but with regards to Sound not so much as having a sniff of gas that was a little harsh as they flared 1.0 bscf into the Moroccan sky which I am sure the locals got a good whiff of even if they have not had the benefit of any gas other than a very expensive candle !!
" Is it any wonder large trades are flooding in day after day? It's not PIs buying these large chunks, it's funds, institutions and HNWIs.
Follow the money."
Hang on a second... at a total market cap of just £17 million, acquiring a notifiable proportion would only require an outlay of £510k. That is chump change level to "funds, institutions and HNWIs".
So Tigra if your theory is in any way right, where are the TR-1s?
IMO the volume is high because of the substantially increased amount of quick flipping going on. There's considerably more evidence to support that - and a complete absence of evidence pointing to any institution or individual building any sort of even small stake.
Tygra by far the best post of the day by a country mile imo
Croqman
The free float for this share is about 70-75% of shares in issue due to the amount held by the BoD and a large holder. We only have 1.36b shares in issue which is a small amount for an AIm explorer/miner. Look at UKOG and UJO (before their stupid consolidation fig leaf).
Approximately 11-12% of the available total tradable shares of this company changed hands today in one single session. Approximately 9% changed hands yesterday, and many high volume days over the past month have also been noticed. PREM, a junior miner has over 22 billion shares in issue and is awaiting news of drill results and a potential pilot plant being built and today it traded about 99 million shares (less than ANGS with only 1.36b in issue and many not available to trade).
We are seeing a blatant accumulation by a number of firms acquiring ANGS shares in the millions to profit from either a rerate on first gas and sustained production, or a full company sale at multiples of the current price. There are AIM companies out there who produce nothing, have assets in far away places and are both years and many millions of investment pounds away from any production of worth valued way higher than ANGS.
88E the perennial failure has oil under the frozen wastes of Alaska it can't access, and when it does it fails to flow and that lifestyle company has nearly 16 billion shares in issue and has a market capitalisation today of £107 million!
Our paper offer tiger, Sound Energy, has failed at every attempt to get a single sniff of gas out of a multi tcf gas region, has an ongoing scrap with the host government over an unpaid tax bill, issues shares at every available opportunity and has basically given up and decided to create a micro gas bottling shop in the a$$ end of a desert to truck it out to some farmers so they can run camping stoves. They are currently valued at £48 million and have 1.6b shares in issue.
We have onshore UK oil assets, some in actual production right now and benefitting from recent water reinjection, and Lidsey etc still to exploit (which could be very profitable if it works out). We are about to start selling UK gas in the highest priced gas market of a generation from a low cost field close to the processing infrastructure hub. We are up for sale at the right price and within 6 months to a year we'll be debt free and throwing off cash from multiple low cost income streams.
Apparently we are only worth £19 million in our entirety according to the market capitalisation. Is it any wonder large trades are flooding in day after day? It's not PIs buying these large chunks, it's funds, institutions and HNWIs.
Follow the money
At the risk of sounding like the Grinch (again), the sum total of those trades is less that 1% of shares in issue.
Just because the amounts look big to a PI, it does not mean they are big trades as far as the market are concerned.
Volumes are decent, but still less than 1o% of total shares.
We have seen volumes 10x higher plus in the past, so I will not be getting too excited here until I see some tangible signs of something brewing. Not yet, for me.
The SP move is welcome though, of course, but we have still not breached 1.50, since the sharp drop down close to 3 years ago (different shares in issue aside).
Breach 1.50 and stay above that level, and I will feel more comfortable here, despite the closeness to delivery.
Still some risk here, but most has been negated now, yet the market will want signs before any re-rate, as will II's and funds before they look to pile in (imo). They will be happy paying a higher price with less risk attached, as they will still make good gains.
2 weeks should do it on the delivery front, then the future SP is anyone's guess (depending on actual numbers).
Still sticking with my conservative targets re: SFB, but won't be complaining if this get higher quicker than expected.
gla
19-May-22 15:35:39 1.40 2,000,000 Unknown* 28.00k O
19-May-22 09:55:33 1.39 5,000,000 Unknown* 69.50k O
19-May-22 17:06:22 1.375 3,057,200 Unknown* 42.04k O
19-May-22 14:51:16 1.428 2,400,000 Unknown* 34.27k O
19-May-22 15:33:52 1.417 1,058,574 Unknown* 15.00k O