The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Wouldn’t want to sell now there is a possibility of a decision over the weekend
Nice RNS to wake upto on Monday and 45p a share
... when I say maybe more come, I mean near term. Obv if all goes well its massive beyond that.
Sabyam - cool it and read what Mogger said re last year. I guess on the last couple of weeks some people bought in front of ops update. Positive but not dramatic share price move up to now. Maybe more to come, though a lot of moving pieces which might nclude carrot closing his short.
So even if someone knew what was in the ops update, FCA's not going to get anywhere. Pump and dump notions are surely just sour grapes. You got drawn as a momentum investor, just face it! Pride might be hurt but being ex compliance personnel (or whatever it was) doesn't mean transaction timing has to be easy for you.
Mogger, I have always maintained that it was either firstly, share price manipulation by the pump and dump crowd, or secondly, insider trading. Given the way the trades have come through and how many times this has happened in this particular share, I believe it to be the first rather than the second. Hence, I said that I believed insider trading to be a distant second possibility.
However, as external observers who can't see trades data, we can't be sure if it was either of the above or none. But given the haste in which shares were accumulated, when I first pointed this out, it doesn't seem like an institutional investor or even a rich but stupid individual investor. Hence, my allegations.
Sabyam .. if you need to work out why the share price rose last year to above 40p, have a look at the list of larger shareholders.
You'll find a couple of smaller institutions took the decision to buy in ahead of FID which they believed was going to happen by the end of the year. They remain shareholders.
It's all in their fund review info if you have a dig around.
The price rise also would have attracted momentum investors. Its all pretty above the line and normal if you think about it.
Yeah apologies Sabyam and to anyone else.
I picked it up from Malcy's Blog yesterday when he covererd Premier and dropped in the link I shared which he described as an 'interview a few weeks ago'.
Had I realised a few weeks meant May then I would of course have caveated it.
That said its an informative and bullish piece in my opinion and givenwe are now a couple of months on suggests that some of what he stated will have already happened.
Sabyam,
Your theory of insider trading wasn't very distant on the 12th July!
"Let's see what the FCA say to my report of share price manipulation/insider trading allegation?"
Please desist on talking nonsense!
Mogger
fecm, is the 1st of May a week or so ago?
This interview was published more than two and half months ago post annual results and has got nothing to do with the recent trading update. Trying to conflate the two is a serious attempt to misdirect market participants. Desist! you and your mate
My trading theory was that someone was trying to run a pump and dump scheme (insider trading was a distant second). I am in communication with the FCA regarding that. This has happened a few times before, most memorably when the share price went up to 40p+ just on massive buying but no new news. Then of course, there was a dump and long term investors like myself who bought at the higher price were left out of the pocket while the speculators who ramped up the stock and sold higher made money. There was no fundamentally significant news all through, from the way up from early 20s to 40+ and back again.
It won't be difficult for FCA to figure out who did what given the access they have to trade records. Just wait for a while. you and much
Where did Much state it was new information? He even opened his post saying the interview was a week or so ago.
Anyway, not alot appears to have come of your insider trading theories from last week, nothing that would significantly move the sp was in PMOs update.
Much, posting dated stuff and saying it is new information is really bad mate! The publication date for the interview is on the 1st of May. Please look before posting and saying a few paragraphs on dated, old stuff.
An old interview posted as new is wrong information, I would say false information. Desist from doing that in the future.
Carrot, my purchases have been at a high of 85p in FOGL down to a low of 19p in RKH a couple of years ago. Timing here has been awful with hindsight with each false dawn suckering me in further. Technically this one fails to follow any normal rules but as we have said before it’s a binary stock.
Sadly I added last summer during the previous false dawn at 38 p and have an average of around 36p here. This has never been about ‘if’ but instead ‘when’. The key has been to amass at these lower levels and as near to lift off chronologically as possible. Something which I think it is fair to say we have all failed to do done.
Ideally I would have no holding here yet and would be buying now but hindsight is a wonderful thing.
My exposure is just over 100k shares which given my situation and commitments gives me enough upside to make life very comfortable indeed when this goes.
However my portfolio has to be balanced so although I would love to add further here, I have to balance risk and reward along with safeguarding pension savings etc.
So to answer your question, no I am not amassing as I don’t have the spare funds and already have the level of exposure that suits my needs. It if I wasn’t in I would be buying ad many as I could afford.
Make no mistake here the upside here is phenomenal and as TD states, it’s not just Sealion but Isobel and the follow on opportunities that could make this the investment of a lifetime over the next 10 years.
First watched this interview in May and somewhat underwhelmed at the time due in part to the false dawn of 'Q1 FID 19' and annoyance that ECA application had not even been applied for. As of today it still hasn't, but believe ECA funding will be a done deal in the next three months under Boris and FID will happen early next year if not sooner.
Worth listening to this interview from a week or so ago. Go to 10mins ish and hear all about Sealion for around 4 mins of discussion.
Trust me boys, it’s going to happen....https://www.malcysblog.com/2019/05/core-finance-ceo-interview-tony-durrant-of-premier-oil-2/
I personally like Tony Durrant. He has all the skills and vision long term to make Premier a global player whilst at the same time ensuring he mitigates the risks.
I’m confident that he will deliver. The next 6 months are going to be very interesting indeed with OM the icing on the cake.