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Personally I don’t follow the same logic but it doesn’t mean you aren’t right with regards to the share price. A 4p rise in the share price nets 2 parties in excess of £1m each from current levels. How much corporation tax and personal tax taken from profit then wages would need to be generated for a similar return? And if that’s the case then they fully believe Block will be a long term cash cow. I can’t see under those conditions how they could keep a lid on the share price but I’m open to be educated.
@Maladoni: Under 'normal' circumstances I would agree with you - but I genuinely believe that the concert party are determined to supress the SP for Machiavellian reasons (and they have the power to do so - notwithstanding the much hoped for spike). Under 'normal' circumstances the SP would be rising into the forthcoming announcement of flow rates - but it isn't - this speaks volumes to me.
I hope you are correct and do well out of BLOE - the long suffering PI's here certainly deserve a break from what has, by any standards, been a very poor investment. Even if I manage to break even the opportunity costs to me will have been huge. Furthermore, although I supported the BoD during the recent EGMs I do not support PH - he has, IMHO, been the prime architect of the shambles that has been BLOE to date - and with him still at the helm that's a red flag for me. So I'll stick with my plan - spike, sell 100% and out. But I wish you and the other LTH's the very best of luck - whatever strategy you choose.
All IMHO
rxdav. I’ve had similar thought patterns. Break even and out. However if we get to my average then I think we have the chance of a good bag because it means success in the field, cash in the bank and hopefully a future farm in. I think I’d sell a modest amount and take the family to the Caribbean and hold the rest. Good luck with your endeavours.
@V111JAS: On that we can certainly agree - and good luck with investments.
~ " I just want good flow rates, a consequent spike in the SP - and to sell and be gone " ~
Hopefully you wont have to wait long .
@V111JAS: My posting history is available for all to see - I do not post only here - but don't post much these days anywhere. I'm afraid your attempt to paint me as some agent of the concert party will fail at the first hurdle. If you care to look you will note I was actively involved posting as a supporter of PI's in the recent EGM debacles - please check to confirm.
If my theory is wrong as to why the SP has been in the gutter for what seems eons they please enlighten me with a more plausible theory - because the the SP has been continually suppressed by selling whenever if gets near 3p - many have commented on this.
I just want good flow rates, a consequent spike in the SP - and to sell and be gone (I'll be happy with break even) - and I doubt I'm alone in wanting out.
All IMHO.
Rxdav : Your posts are interestingly constructed and perhaps persuasive for some , but in my view fatally flawed .
By that I mean fanciful and your theories are highly unlikely to disrupt the development and progress of the business into the medium term . In fact , even those with a considerable financial interest are unlikely to be able influence valuation which is not simply a question of buying or selling stock . More likely is an acceptance of increasing value which will include that unpleasant group of disaffected shareholders .
By the way , as you only post on this thread , I am motivated to ask if you are an active member or promotor of this so called :
`Concerned Shareholder Group` ?
Maybe some one is trying to control investor sentiment ,everyone know how fragile some PI.s are
Every seller needs a buyer , someone has got a bargain
@bobbyrash: You appoint a quality broker (with all the right contacts) - and you instruct him to sell as necessary to keep the price below 3p. NT means negotiated trade - not can't sell/buy - there will always to a seller and/or buyer at the right price. Furthermore, we haven't exactly been inundated with buyers at BLOE for a very long time (PH has seen to that quite effectively) - so not too many sales needed (relatively) to drop the price here.
All IMHO
Rxdav, how would they be able to sell if it goes NT to sell? If they sold then someone else would mop up their shares so they would have less :-) that means if someone bought their shares then buying causes the sp to rise !
Yep when you look at the holdings of some of the big ones, they probably have enough to launch a hostile takeover bid. Perhaps that’s why SP gets bounced back down as soon as it rises. Flow rates hopefully will cause a volume surge to prevent this, but who knows what games the mega wealthy like to play.
When I think of past oilers waiting for flow rates, the SP would climb in anticipation to the results coming out. Here, I’m not sure what exactly is going on as it should have been over 3p by now imo
@bobbyrash: They control millions of shares (we know this) - selling drops the price - it's that simple. As to why, I can speculate three reasons why they might want to - none of them good news for PI's. If they want to control the company - as recent events have manifestly proved they do, then the short or even medium term SP will not be their focus - their focus is the end game (effective control) - then they let it run.
All IMHO
The 3p placing smashed the momentum we had and we have struggled ever since to get above 3p. The low volumes and recent resolutions haven't helped with the share price either. We've been locked in a 2.5-3p range since the placing more or less. Plus the company has been issuing shares every month which hasn't helped matters.
MP
How the hell could they smash it back down and why the hell would they want to. I seem to read often "for every seller there is a buyer" and if not then surely like today it would go NT to sell :-) so they would be stuck in. If they had a brain then they would want the sp up to 20p like everyone else!
The elephant in the room, with regard to current SP and the depressing price action over the last year or so is, IMHO, the 'concert' party. They have shares in abundance to smash the SP back down anytime they like - and I can think of at least three reasons why they might want to. Even if the long (very long) awaited oil flows gushes to 1000bopd, I suspect that after the inevitable spike (on which I hope to finally exit this seemingly never ending nightmare) the SP will again likely be smashed back down. With the quantity of shares they control they can pretty much do what they like to the SP - and it seems clear to me they want it suppressed - for whatever reason.
Always get my attention when there's an after hours trade especially when there were three large trades preceding it.
MP
1m share trade after hours at 2.625p
I've seen Degsy perform........!
.....and watched in awe at his c 'n p skills........... :()
All the best (monumental........... :()
If you think your good chesh you should await my old pal degsy arriving. He can ramp. When he comes you know its moving upwards, at least until he goes quiet again. Its kind of entertaining for a short while.
Best phase of the day......!
to accumulate pre w/e lag on news flows..... :)
All the best (I do ramp a bitty....... :()
Best phrase of the day boffer! 'annoying fluff"
NT to buy bigboffer........!
cause I've only got £9.86 in me account......... :)
All the best (leeway for the little man big 'un ........ :()
To be fair this is all just fluff. There are hardly any buys or sells and thts why the sp never moves. Its awaiting news and no-one wants bloe shares at present until PH stories come true. If anyone else says its NT to buy I am reporting them as its just annoying fluff. Please just wait for news and react accordingly by selling or staying. All tyis nonsense is starting to grind a little. Sp will be flat or move a smidgen either way until news drops, simples.
Yep........ Cantors move is the clue....... !
I'd call it a shake of the tree failure if I knew better........ :)
All the best (TREE SHAKE....... :()