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thanks V111JAS - your posts are always worth reading also!
Another 19k late buy popped up. Nearly £100k bought today then. Surely that deserves a small rise tomorrow. Pretty please.
Well said , the chess pieces are slowly closing in
Time will tell and yes been holding here a long time
This is one of those (many) days that I really dislike this Company .
I dislike this `Concert Party` , their reputation , their covert behaviour and I suspect their motives as being dishonourable .
I dislike PH , his behaviour , his reputation , his lack of respect , professionalism and I suspect his motives are entirely focused on self interest .
I dislike the way this AIM market and financial institutions associated with this Company are seemingly able to operate with complete impunity .
I like the potential of the Company assets .
I always like some of the posters on here particularly SEA7 and AJW !
I might like this damn Company a bit better when there is more transparency and the Market Cap represents a a more realistic valuation .
A 15 Million Mkt Cap is totally ridiculous .
Selling at this price would be beyond stupid , because in a sense into the future it`s likely to be a Win - Win , be that the Concert Party or PH .
So the only alternative is to wait it out .
What a bore !
GLA ~ Share holders here certainly deserve it for their patience and for the manner in which they`ve been treated !
yes ...see what tomorrow brings!
Thanks Sea. Let's just get the next 2 wells booming with oil and gas and the rest as they say will be history! Onwards and upwards tomorrow!
as for NT - Depends on the lot size. NMS is 75k shares for block, so the MM are only obliged to offer quotes up to that size, so beyond that they do not have to and probably why they go NT - although depends on your broker, what service you get, how they route your order, what access they have etc etc.
anyhow, the RSI at 14 shows around 45 and at 10 it shows at 55 - this clearly indicates a fair balance of buy/sell, however, the RSI is moving up, but the share price isn't - that indicates underlying buying pressure beginning to win out over the sellers.
news is due soon and this treading water ought to end for the better.
the market makers do not care about excess shares - they only care about the "sweet spot" - which is the price where the maximum volume of two way trading takes place - that is where they make the most money on the spread.
Bobby
a lot of the placees are bucket shops that do this for a living.
take part in placing - get a fee for taking them, which offsets potential losses if the stock trades below the placing price, take out a hedge, such as a small undisclosable short, to capture the downside that they sell into.
blocks share price did not break below 3p and stay there until march - nearly three months after the placing.
this sort of thing is their bread and butter - they need to clear the holding and have the cash returned, ready to take part in the next one
Then why have we had numerous occasions when we go to NT so people can't buy. Surely the mm's would be lapping the buys up to get the excess shares sold. More to the point why would anyone with a brain invest millions at 3p to at best sell the shares back for the same price or less? Load of b*ll*cks if you ask me. Anyway the countdown is on...
well bobby, whilst there isn't a great deal of science behind this, but 176m shares were added on the 30th December and the average daily volume for block is about 1.5m shares a day. So you could argue that since the start of the year, there has been about 100 trading days, meaning at best 150m shares traded over the period.
chances are, we are still working through some of the placing shares that are being fed into the market - albeit below the placing price - this is why the fees are so high for these placings - covers off on potential losses for the placees.
So I make it about £25k sells today against £75k of buys. Anyone with a suspicious mind might think that 'someone' is being allowed to quietly load up under the radar before news. The sp action at the moment is just NOT rational for a company with our assets. We are more or less at a 12 month low after all the progress and the more than doubling of the oil price!! One of these days we are going to set off like an express train. Let's get that drill bit turning PH!
Its their ball until news is announced which attracts more (and larger) investors.
Macaroni, because no one else is playing it's their ball!
How can you say with such certainty that you know how’s buying?
re...the Schlum deal scuppered their plans but instead of disappearing they hang about and play games.
exactly...thats what I thought....so this is pure bugg----ration on their part...and will have no bearing on the future outcome,which will depend on PH+all at block producing the goods......which is as it should be.
Quercusrobor, the Schlum deal scuppered their plans but instead of disappearing they hang about and play games. The big buys today are them buying back the stock they sold ( a small loss in their eyes) , then rinse and repeat !
Average down pre drilling campaign dump thereafter.
re...Equally the Concert Party expects to make money on their belated investment, which at some point they will dump.
..ok...if that is the case,then presumably in order for them..(or anybody else for that matter)..to make money on their investment....the SP has to be considerably higher than it is now.?
..I'm not at all clear why it is in the 'concert partys' best interests to keep the price low...particularly as it has been pointed out regularly on here that given the % in their hands...and the Schlum options which in effect would, if exercised, preclude the CP from attaining the required % for a t/o....I fail to see that they can gain anything from this......apart from sheer bug----tion of course;)
....am I missing something?
Didn’t Malcy let the cat out of the bag re the reduced spot price for the gas. It read to me like this had been over looked. Maybe he’s in for some too at 8p!
re...The intentions of the F&F concerty party.
How is this relevant given all that we know...Schlum options etc..?
It's a game of cat and mouse at Bloe at present. I would raise 5 million with share issue (2p to 2.5p) and dilute the unhappy shareholders further away from there end game.
Yep - A trade last week @ 2.602p was a Buy - I know that for a fact !!
AJ all the 2.635p were buys yesterday so I would say the few 2.55p sells were 'against the grain'. It seems oil over $70 has not kicked us into life YET! The wait continues.......