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Traders - just to report that stats on here today are rubbish and misleading. Actuals are 530k Trade Buys against 51k Sells - 10:1 as I posted earlier. Final late trade at 34p was undisclosed and exacted earlier in the day - and share price should read 34.5 as middle spread. It will certainly open at this tomorrow, and I would anticipate another positive day of Buying.
toro - there were an awful lot of sellers running for the hills when we crashed on Monday along with nearly everyone else - so lots of stock which has now been sold on a climbing market. So, logically, with very little stock in hand further buying will accelerate the SP - hence my tactics for the immediate term.
Anyone out there understands and can explain how the logged trades in the last 2 days can accumulate a diffrence in buys, less sales of close to a million shares? how do the market makers balance the books?
Market makers caught wrong footed maybe? a wall of blue and hardly any sellers. Still 4 fold buys to sells today. Share price up 2p before any sellers have shown up. Good result last 2 days. I reckon it still is cheap until 40p and then maybe consolidate until closer to first gas.
Real spread is now quite wide @ 34.16/34.82. If they close this up a tad, I may go again before the bell as we may not see these rates for much longer.
Pretty sure it will continue along similar lines for the remainder of this week as more investors realise they do not want to be out of stock come mid-Feb.
yes Peakview, the 22,500 is shown as a sell? now trades are 33 bid , 34 ask, share price should be up 1,0 and not 0.75. All very strange. 310,00 buys as to 40,000 sells.
At least now we have two positive days with buys far outnumbering sells.
Hi all , I added 15 k yesterday at 33 p . Thought it was going to move after that RNS.
Has to go up even if we have to wait for first gas .
Change that - its actually 10:1!!
toro - its been the story of this share since the beginning of time. The main content of the RNS was the gamechanger of a positive date being given to first gas, and if you factor in the wrong definition given on this board to my early trades, the ratio is more like 5:1. Need some lumpy Buys now from the heavyweights who study the gas market to send us further upwards.
in post below, should say : market makers moved the share price by almost 11% DOWN
Good to see the sentiment has switched to largely buying since the RNS! However i cannot for the life of me understand the lack of movement in the share price!! In two days of trading before the RNS the market makers moved the share price by almost 11% and with the same volume of shares yesterday and buys showing to be twice the amount of sales, we only moved up 2.36%?? Today buys seem to be almost 4 times sells and we are only up 0 .25P?? Do the buys and sells not have to match by the end of the day?
Good stuff. Just followed suit with a 5k top up
toro -first two trades for 22.5k and 50k were my opening Buys to send this feller on the recovery trail that you have so eloquently described. Call it a vote of confidence from an old LTH.
Ref. earlier post; just re-read. One day´s trade doesn´t make the trend towards 40p! But hopefully confidence restored and the trend will head us back up to 40p +
As predicted, the share price is heading back up to 40p again. The trading volume is back up again and buying seems to double sales today. Now we have a firm first gas date of one month from now.
¨ An important recent milestone was the handover of Blythe platform communications and Elgood subsea controls to the Bacton control room following successful testing of the integrated control and safety systems.¨ Tick
7% of work at Bacton left to complete:
¨The remaining work to complete primarily consists of the final electrical and instrumentation, construction and pre-commissioning, and system leak testing, all of which are being executed on both day and night shifts.¨
As the next 4 weeks go by this (and the risk factor of achieving first gas) will diminish and we should head towards predicted share prices. These will be reviewed higher once we are at first gas.
Costs for phase I have gone up considerably, but i would imagine that the increase in gas prices more than compensate these. Finncap´s target value of 48p (22 november 2021) per share worked on an average gas prices of 80p per therm for 2022. The current gas forecast is 136p per therm in one year from now and the current price is 227.
Exploration and production of gas has risks, delays and operational hicups. We have had all of these! but the risks are going down and first gas will change the luck of this company!