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Another 5K sell from Richard Griffiths, 2nd of the day and share price back to the low of the day 158 v 160p
note: since yesterday MMs are not accepting more than 5K sells at bid price
mid price 159p -5.50p
has gone under the lastest low of 160.50p on low volume 15K
MMs had enough shares on their book now and on any good size sell or small accumulation of sells they mark the stock down
2 month candlestick chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EJOG&width=600&height=380&p=2&t=1&dm=2&vol=0&cb=
There are a few 5K today on the sell ticker, it seems Market Makers only take this amount from Richard Griffiths as the price is lower.
JOG trades ... https://www.lse.co.uk/ShareTrades.asp?shareprice=JOG&share=Jersey-Oil-and-gas
dickupham
You are right on those characters one of theem (Richard Griffiths ) some times with too much large ego, not working to the rules of the LSE and announcing the sells on moving under the 9%, naturally was fast on announcing the 2 top ups last one at 9.4%.
The MM on the bid 168p most likely was keeping the bid high for Griffiths to sell with the other MMs, but on getting the sells on his patch then he had to move the price lower.
Some older traders, maybe we know too much of what is going on in the Market.
cheers
..........how do you work that one out, Paulo? He didn't seem to feel the need to tell us when he sold down to 8.66% so what makes you think he'd bother to tell us what he's done since 30 Sept? What people are supposed to do and what they actually do do aren't necessarily the same thing.
The general subject we're talking about is called: "honesty and transparency".
So he still holds more than 8%, as we had no notification, unless he sold some in the last 48 hours.,
MasterRSI: the answer to why there appears to be a supply of shares that constantly extinguishes any demand as it arises, causing the price drift over the past few weeks, might be found in the information set out below. I make no comment, but know what I think. I do not believe the price drift has anything at all to do with JOG's own circumstances or prospects.
https://www.handbook.fca.org.uk/handbook/DTR/5/1.html
"A person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R".
*********************************************************************************************
The RNS linked immediately below was the last one issued by JOG (which must rely on the information submitted by the relevant holder) relating to holdings in the name of Richard Griffiths and controlled undertakings. JOG was notified on 27 June 2019 about RG's holding on 25 June, when you will note that RG's holding was stated to have risen to 9.4% of JOG's shares in issue.
https://www.investegate.co.uk/jersey-oil---38--gas-plc--jog-/rns/holding-s--in-company/201906271727427288D/
JOG produces a quarterly update of significant shareholders (based on the shareholdings advised by the Registrars (Equiniti)) and publishes the same on its website. Immediately below is what is shown on JOG's website, relating to significant holdings at 30 September 2019:
https://www.jerseyoilandgas.com/investors/shareholder-information/
You will note that Richard Griffiths is recorded as holding 8.66% of JOG's shares at 30 September 2019. When was JOG (and thence the Market) notified that Mr Griffiths' holding had crossed the 9% threshold?? As far as I can tell, it wasn't. So, between 27 June and 30 September Mr Griffiths would appear to have sold c.161,500 shares without informing the Company and the Market he had done so.
With that principle established, it is interesting that a significant number of JOG shares appear to have been sold in the market since 30 September, yet no disclosures from significant holders have been made via RNS.
I am not sure if the following is relevant:
https://www.telegraph.co.uk/business/2019/11/05/former-rugby-star-among-biggest-losers-mothercare-collapse/
Mr Griffiths would appear to have acquired his JOG holding when the shares were trading in the range 55-70p.
dyor
As I said yesterday, the MM on the bid, finally had to give up as the sells were too much too stomach or keep on the book. Now any oversize trade will be difficult to be done unless is underbid price .
The 165 v 168p is the lowest price for the last month and looks like moving to the 160.50p intraday low of early October
2 month candlestick chart
http://uk.advfn.com/p.php?pid=staticchart&s=L%5EJOG&width=800&height=400&p=2&t=1&dm=2&vol=0&cb=
Can't get a quote to sell this morning (so far) on either HL or II. Guess I'll just have to keep trying.
The shares seem cheap at this price, but at the moment the sells are well up at the moment. Some larger sells have come on the ticker for the last couple days, and the MMs have been holding the price nevertheless. It gives me the impression there is a MM holding some of the sells so is the one holding the price, 50K sell was over 10 times Market size
14-Nov-19 15:55:57 170.00 50,000 Sell* 170.00 173.00 85.00k
15-Nov-19 13:34:31 168.49 5,000 Sell* 170.00 171.00 8,425k
18-Nov-19 13:43:22 167.00 11,000 Sell* 168.00 172.00 18.37k
I just put my money where my mouth is and bought another grands worth after dumping the last of my failing BT shares for a painful loss. Only the dividends over the last couple of years helped ease the pain
I think this one is on the bottom of a dip.
Hopefully
I don't blame you but I think (hope) you're wrong and have just sold at the bottom of a dip.
We all know theoretically this company is under valued and should be at least £3.00 but we also know JOG has had it's ups and downs over the last few years so people are wary of it.
I've bought and sold many times and have been as much as £2000 loss and £1500 profit but at the minute I'm up £850 in the bank and £650 on paper as my last purchase was at 190. Very small beer compared to many here but I'm having fun without too big a risk and that's the most important thing
I'm pretty certain we'll see a rise again soon.
i hung on as long as I could, but in the end I lost interest I held for 2 years and 1 month , and had an opportunity to sell at a 3 bagger , I didn't buy many £875 all in and sold yesterday at £1890 , ive moved into eco oil and gas got in at £0.57p and it looks to be rebounding at the minute , good look to all holders I did fear £1.65 was near