The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Ian
There is a space, a window of time, in which your hypothesis fits and as such it is one view of what could happen but as with all nefarious dealings, it is hard for us to see what is the wood and what are the trees.
If they are going to push out a takeover here, we should find out soon - all that hard work of dropping the price could be undone by the drill bit in the next three months.
Personally t/o or drilling - this share price should rise in the medium term imho.
Have a look at Trinity take over just announced.......
Absolutely agree. They should go back to school.
i don't know who puts these rnss together, but they need a right ********** for lack of accuracy.
every shareholding/option award stated is totally confusing.
egap has 522,7353 shares awarded. is this 522,735, or 5,227,353? etc etc.
poor show.
'aligning with shareholders'. What a load of cobblers!
A lot of stuff makes no sense. We can guess till all our hair falls out.
Someone/Company owns 6% of a Company they think is a winner and wants to put in a bid for the lot. The sp is 18pence. A bid at 24p may not work but would send the shares to 28p making it harder to buy the lot. So they start to sell their 6% pushing the sp down. They do it in small chunks over a few months. The B.O.D. are kept abreast of their intentions maybe because this is the way to get the small investors to get rid. The sp is forced down to 8p. A t/o bid then comes at 25pence which now sounds more attractive with the shares being low. The takeover turns out to be by a consortium involving Energean, A.A. and the B.O.D. The takeover suceeds because the private investors are fewer and their patience has run out. Covalis steps aside making a nice turn on their investment which they were holding to assist in the bid. They hive off the renewable side to some company they've been liaising with to tidy up.
Surety,
If you were a hedge fund trying to make money out of the trade, then what you suggest makes a lot more sense ;-)
CFDs are banned in the US because the regulators believe they incentivise manipulation because of a lack of transparency. Make of that what you will.
BDC,
Conversely though.. I suppose you could sell the holding, to drive down the share price in order to drive a significant return on a CFD short position that you simultaneously had open.. or is that over thinking it?
IMHO
If the position
Whimax,
Your words...
"Nothing dodgy at all imo.
We have had a distressed seller and someone has negotiated a buying of all of their holding in 1 go.
I don’t see why that’s such a stretch. Also nothing to do with tax year.
TR1s in the coming days will tell who has sold and who have bought imo.
We won’t know till the TR1 comes out, but I suspect Covalis imo. They’re only ones I’m aware of with those kind of numbers."
Ianfer,
'Yes it is hard to believe but if you are so confident of a sp you would do it.'
You wouldn't sell your stock if you were confident of the SP going higher, you would fund the margin call out of working capital. Selling the stock, especially 1.5% of the entire share issuance would cause the SP to decline. The CHAR share price dropped to its lowest point just prior to Covalis announcing that it had sold 45% of its holding.
We don’t think that. Well I don’t anyway.
There were 2 sellers imo. The first one started immediately after the Farm In RNS, and the second one was Covalis, possibly as a result of the first.
I thought that was clear.
Surety,
'This doesnt quite make sense... assuming we think that Covalis triggered/accelerated the collapse in the first place, partially, by selling down... why would you do that.. and maintain an open CFD position..'
Exactly.
¯\_(ツ)_/¯
I wonder why they cannot put the "comma" in the right place when posting the number of shares and if these shares passed to the directors are to align them to shareholders, I didn't notice that us private investors had any such benefits that required alignment for the directors?
Well, all the directors are onboard now, release the anchor......
Well, I have just googled it LOL. A bit different meaning in my language.
Let's see what the future brings here. I am quite confident due to buyer and upcoming news flow
We still own 10% in Namibia don't we?
https://www.reuters.com/business/energy/namibias-namcor-signs-deal-with-chevron-develop-offshore-block-2024-04-29/
Pubesz (do you know what 'pubes' means?)
I would view the possibility of a T/O bid as almost a certainty. Hostile or not.
The other point of note is that Simon Thompson has been unusually quiet.. it's almost 5 months since he last published his 'hold' advice and words to the effect of 'when the dust settles expect the heavily oversold shares to bounce'
Good conversation on this forum today, btw! This is exactly the sort of thing we should be exploring/discussing..
DYOR
This doesnt quite make sense... assuming we think that Covalis triggered/accelerated the collapse in the first place, partially, by selling down... why would you do that.. and maintain an open CFD position..
DYOR
Is it possible that Char itself is delaying any update to allow these HNW to complete their buying/selling at these levels. So that when the news lands the runway has been cleared for take off, or to look after these large interests? I know they are waiting for the Rig, and that's the official explanation for the delay, but they are still rather quiet nonetheless and so I just wondered.
** sp re-rate
Yes it is hard to believe but if you are so confident of a sp you would do it.
Having to sell stock in order to pay for losses on a CFD in the same stock suggests Covalis has no other sources of capital in which to call upon which seems hard to believe.
But BDC if the sp say doubled you would make many times more£££ by having kept hold of your options than holding your shares.
Not at all. If you're leveraged long a CFD, not only are you under water on the price difference, you are also having to pay the high fees to remain underwater and have to keep paying. Selling stock is only going to make your situation worse. In order to stop losing money, it would be better to sell your CFD and take the loss than keep paying to keep the loss making position open. Also, it would be rather rare for a hedge fund to be long + leveraged long on the same stock, where's the hedging strategy in that?
Like I say, it remains a possibility that Covalis are incompetent traders and are a hedge fund that doesn't hedge, but if you're looking at it from a point of view of where the money would be made from holding stock and CFDs, it would be to be long stock and short price using a leveraged CFD.