The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
Pmo don't need to RNS a weak attempt at misinformation.... tweet is fine and proportionate
An RNS is not required given its just 'rumour' by the press based on historic issues on short positions that were concealed. Now these shorts are known the holder(s) of this paper are in full panic and it must be assumed are behind the newsflow that looks to tank the SP and cover their short position. Given the SP rose in early trades it may force them to close their short positions if they think the SP will continue to rise. My guess is each 1p rise costs them a million given the size of the short.
All theory of course but for me PMO are not overly concerned by this distraction
Sometimes an RNS can have an opposite effect...you can only issue it once...they have responded and killed the story in its tracks. These WE stories are designed to create panic while the market is closed and a rush for the door on Monday morning, which in turn creates more media coverage...it becomes self feeding. They killed it.
I disagree. RNS's cost money and I'd rather they use the money to pay down debt, even if it is a small amount. Share price has not been too bad in the first 20 minutes of trading and as I already said before, its only the small fry retail investors bottling it. The heavies are still invested and are tracking the oil price. All the news out over the weekend is materially old news as has been demonstrated by various RNSs the company has already put out. If people sell out based on factually incorrect news reports (some of which is easy to spot like the debt value quoted or decom liabilities) then they deserve to lose money. Good riddance.
I appreciate the twitter post but an RNS would be the professional/corporate thing to do.
Just imagine, every 1.6p rise is costing them £1.6m !
Ouch .... imagine what the Zama announcement is going to cost them .....
No need to apologise..that’s your view...PMO have responded...let’s see what’s the markets response.
Sorry I totally disagree. He has to respond when false claims are made!
While the tweet was welcome I question why they wouldn’t follow up with the Rns.
Waiting to see if damage will come is too late as we have seen before.
It’s a shame our Asian friends aren’t listed...now that’s a shorting opportunity!
RNS will only come if PMO feel the article has had a negative impact...they have already responded to the false news.
Works for me and donald trump?
A tweet doesn’t really cut it.
Rns is a statement to the market.
Why. They responded yesterday.
Too right, we need the Rns before market opens!
Cautions with the SP claims, remember that the market is moved by fundamentals , as of now that article from the weekend will impact the price, because most of the trades are algos. Unless an RNS is issued by PMO the price will move south. IMHO
I think it's a stinking possibility !
Let's see the shorters running for the doors this morning !