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Got to give you 2 boys gold start for you post....Spot on.
Ive been adding recently and have no concerns what so ever. If nothing happens for a while than nothing happens...Very very confident of a Bona bawl deal and quite soon.
All the rest is just "wind and ****" as my grand father would say.
Nothing to see here.....
Bye bye, Buy , Buy.
Well said hasiba
I guess we all make that mistake of constantly looking at the share price and reacting to it when we really need to take the longer view. I think people over analyse things too. The markets are crap, oil is down, love for Genel is maybe a bit low at the moment but things will get better..be next month or next year....patience is the word.
Also agree on certain posters that appear. It happens on every board though not just here.
One in particular, who shall remain nameless, really gets on my proverbials. Moaned when a supposed holder, sells, but still appears to add his gloom. :)
I think we are all disheartened by the current sp but compare this to other big oils like bp and rdsb then really we are not doing badly.
I have holdings in both G and GKP for a while and yes GKP has done better with its sp and the reasons are that a rumour circulating that a takeover or a merger is imminent and also much clearer visibility on the increasing oil production than G.
I don’t think switching from G to GKP is in all probabilities is wise at present though I did it when they were similar in sp but it was for spreading the eggs in different baskets without expecting the GKP would outperform G in sp in the future. G has a huge potentials and assets in oil and gas to exploit and this will take time and when it comes along the sp will fly! GKP does not have the same but has massive Shaikan oil fields.
I continue to hold G and haven’t sold any and our time will come sooner than later....I am in no rush and had many encounters like this ( fxpo and Glen) and both were trading around 40-65p) and I kept holding for a few years then both shares went to over 250p!
We need to be patient here and G will deliver.
I must admit there are some posters recently appearing and are quite negative and unwarranted specially when these come from people who are no longer investing in G or holders ...
I call them trolls and should not be here and to be dismissed as their purpose is a suspect to me.
Just in my humble opinion and GLA investors. Still holding over 160k share now.
I don’t get the shuffling from gkp to genl or the other way round. They are both oil companies but they are not joined at the hip. I don’t get why anyone would assume someone selling here to specifically going to buy gkp.
Very odd that it has stopped, Boyo. Given the price is situated is at a level the Board perceive to be “significantly undervalued”, I find this very unusual.
The optimist in me would suggest that they have impending ‘positive’ news and it would be inappropriate to buy stock at this level knowing that positive news will strike soon. Maybe BB news?
I’m guessing (in a big way) before anyone gets carried away. I find it hard to explain the Buy Back suspension. No RNS either to say that it’s been temporarily suspended.
what 's people's thoughts on existing IIS shuffling their stake from G to GKP?.....
I've thought that it may have happened on certain occasions, Oilheadgame, and there are times when you can see (invariably with hindsight) that there were some profitable opportunities in both directions. It would ordinarily involve selling from one that is a bit 'toppy' and going into the other whilst it's a bit low. Switching from G to GKP after the first G buyback phase, especially when G peaked at around 203 would certainly have been a good move. I daresay there are some that will have done that. But at the moment I'd be wary of moving from G (especially if it's at a loss) to GKP (potentially a bit high, although clearly with scope to continue during their buyback programme) Moving from GKP , on the other hand, looks like it could be premature - ie it may have more to go - whilst G seems to be stalled. Given their volatility, I don't think it's for the faint hearted.
I was quite intrigued to notice that G’s buybacks ceased abruptly, late on Wednesday morning with only about a quarter of the usual daily volume of shares purchased and without completing the day, as if someone knocked-off early for lunch and, indeed, the weekend. The circumstances do suggest to me that the process could be rather less sophisticated than maybe we suppose.
Coincidentally OP began to drop shortly after the buybacks ceased on Wednesday (chart below), although G’s price remained substantially constant (unlike DNO and GKP) until the next morning. At that point G’s sp fell sharply - arguably overcompensating - presenting a good ‘value accretive’ buyback opportunity at more favourable prices relative to OP than earlier in the week. Alas, none were acquired at that stage. Monday maybe?
Despite what people think I don’t believe there is anything wrong with or at Genel whatsoever at Tawke etc. I think Gkp just have a more clearly defined path to significant growth ie big production growth and its more convincing to the market. I prefer Genel over gkp but the market doesn’t so I’m only following the money. Until Genel start proving or providing proof of execution rather than talking about opportunity this will tread water. Bina needs to be agreed and fast and maybe some acquisitions come on board as well as Sarta demonstrating its all it’s cracked up to be. Sarta could be an absolute monster btw. But as with all things Genel it’s always ‘could’. I don’t appreciate the, you could say, arrogance at Genel in thinking they don’t need to provide newsflow or ramp or update regularly etc. That’s very true but accept that in this market total silence and promises of wait and see will get the desired reaction which is why the share price is where it is. The assets are doing what they said they would do and production is in line. Nothing more. When they provide news and progress the shares will rerate IMO. They are just too slow with everything
yes twitter is for pretenders. nobody knows what any body is up to there...they live their own little world. not for me. I'm old school and would like to stay that way.
what is oeople thoughts on existing IIS shuffling their stake from G to GKP?
some serious buying over there?im purely speculating now
leem the separation from gkp is now defo worthy enough to debate about. 70p plus difference in so when OP and politics remain on the same scale as G.
something is not right here...I ever heard this several times by many....never thought about until recently as always believed these 2 are on the same boat. now it's getting out of hands.
there is no buy back for the last 2 days either
Some crazy cat superfly calling Genel out and saying what are they hiding and he will get muddy waters on the case haha. It’s on the comments bit on the genel tweet
Thanks for the congratulations guys, but bit of a sore win really, hoped the price would be nearer 200, rather than 170. Here's hoping the market settles and we start the big catch up with GKP. Please all spare a thought for the guy who lost his life in the line of duty for just trying to protect the likes of us. For next week I will stick with 185. Have a good weekend all.
What’s been said, I follow Genel on Twitter, can’t see anything.
Hi Hawkey Re N R, back in 2013/14 I was told that NR had offloaded some of his IPO shares to an II, By someone heavily invested in GKP, I personally would trust the person that told me.
But as you say us underlins are not privy to news like that, all can say is, the likes of NR won’t loose out.
Lol! I have no idea about twitter as i have never used it. You have me intrigued though!! I Can't stop laughing at the idea my post prompted association with a mad man on twitter. Love it.
Well done Stockbuster....
Great win in this torrid week of volatility.
Who’s the mad man going off on one at Genel comment on twitter about release of q&a lol. Anyone from here?? Lol!
Welcome to the mad house and some worthwhile thoughts. Thank you.
Re Majedie i can confirm they sold out over 2 months ago. NR Holding who knows. Nobody is willing to provide any up to date figures.
Heres to a better week for us all.
ATB for next week, we some good news PDQ
Once again the pack went completely the wont way but Stockbuster was the man of the week.
Some wise words and thoughtful thinking please sir.....
Have a great weekend all.