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.....you know it my Irene........... :()
All the best (even the MM's are at it.................. :()
Lombard can sell their shares to any MM. As to whether or not it gets algorithmically reported as a sell or not, it depends on (a) the algorithm being used, (b) the pattern of trades on either side of the sell, and (c)| whether it was an aggregated and therefore delayed sell.
icemax.............!
LSE (here) don't have a sophisticated algo to mark buys/sells...........!
Higher or Lower than mid price at the time (delayed or not) is pretty much it............. :)
All the best (I'm going to checkout your quotestream shout now......cheers....... :()
with so many shares to sell, surely Lombard have an allocated MM for their trades, consequently would they actually appear as sell. If they are just sold into the market would they not just be seen as buys as they are offloaded?
Not suggesting I have any intimate knowledge of this and would be happy to be corrected if anyone knows, but this would explain why all day yesterday and today they are selling like hot cakes but price not rising.
london south east has the worse algorithm, ever. Showing as a sell on quotestream, and which of course we know it is. *waves hello to the Lombard chaps*
Clearly not "The First Noel, the angel did say'"- negative annie. ;@) tic
Usual pitch. These firms see green issues as a money making machine. As economies readjust there is a lot of funding needed for that readjustment. In short, green = £££
showing as a buy at 2.041 times 10:17:55
Boosted the buy numbers a little.
https://www.lombardodier.com/rethinksustainability Is Lombard getting cold feet? This is a small amount for them but they have been proud of all their ESG investing.
Thanks for this, learned a lot. I will look into it a little more for sure.
BPC is certainly a punt, I'd never stick a spread on it as it rarely conforms to any pattern. Happy to just ride it out and hope for the best.
“ Clearly claims that BOD have tipped Lombard of a discovery are baseless nonsense -
they wouldn’t be selling would they” - they would and will to make you think so...
Why would BPC tip off Lombard and break god knows how many rules when Lombard already have a great deal.
BPC wouldn't take the funds unless needed to complete the drill. I have been vocal several times on this and other dilutions, but ultimately without dilution there is no drill or oil.
its a smll amount of money to Lombard, its just a portfolio thing not about win or lose here, its represents a tiny tiny portion of their book. Big to BPC but tiny to lombard. ask this question
You spend 10 years getting to this point and you have all the data at your disposal are you going to start with the best possible outcome ?
15% guaranteed profit - 100% risk free due to guarantees provided is an excellent ROI in current financial markets.
Lucky Lombard
These folks are extremely risk averse. They don't so risk if they can avoid it. I doubt they even care for what's in the ground.
Clearly claims that BOD have tipped Lombard of a discovery are baseless nonsense -
they wouldn’t be selling would they.
Star,
My guess is that they would have a very low risk profile and aim for a risk free return. Not that Lombard are getting risk free. So, yes they will be aiming to dump the lot going forwards. Unless, they are near enough 100% certain that oil exists in commercial quantities.
this means Lombard had 217m shares left as of 2 days ago, less what they sold yesterday and today. Plus the 188m they will get tomorrow. Total 400m left, assuming they plan to sell the whole lot. We don't know this is the case, or their appetite risk profile
Starchild
Brutal
The MMs will hold positions on either side of the Bid and Ask. These positions aren’t totally transparent as you don’t get to see the real numbers they are holding, simply a block of 200k shares at a time. But as the positions change, say, there is a move from 1 or 2 MMs on 2.00p, with the others having been on 1.90p, to 3 or 4 on 2.00p then you know the momentum is upwards (MMs happy to buy shares). In conjunction with the speed and size of real-time transactions, you can take a judgement on whether a ST trade would be a good punt or not.
As (just one) example, when the icemax drilling ship was noted to have left las palmas, trades started to come in very quickly and the number of MMs on the Bid increased at the given price, whilst the number of MMs on Ask at the given price had dropped to one. When that one Ask goes, there will usually be the next move up on the Bid by one, maybe two MMs, providing at least a short window in which you can reverse out the trade if the momentum doesn't look like it will continue. I bought £20k's worth. After 20 mins, I could see the buys starting to slow down and the number of MMs on the bid starting to fall off to a lower price, so I sold. It was a quick in and out profit of 400 quid or so.
Now, putting in 20k just to get 400 quid out might sound not worth the effort, but it all mounts up, and clearly you manage your risk by only doing this under strong conviction, knowing the share.
The risks in trading bpc are too high for me right now, though I do hold a punt investment.
As said, unless you daily trade then L2 doesn't do a lot for you directly, especially unless you have and are prepared to use a decent size float, though having a decent platform in which you can set up a watchlist and monitor daily trades does help in your research of shares and monitoring their trend.
Yep
Still a lot to shift then.
That certainly answers the question on whether they have been dumping, although difficult to see at the prices we have been experiencing....
Still they get another load tomorrow haha
Hard to believe that in the Bahamas there are peeps reliant on charitable food handouts from cruise liners and yet there is all this oil wealth which would enrich every citizen with attempts to spoil that by certain Bahamian intellectuals. Perhaps, they were lucky to benefit from a good education whilst those currently going hungry can look forward to sweeping their backyards.
Lombard now under 5%
https://ewnews.com/bahamas-petroleum-company-refutes-claims-of-lack-of-funding
...“As a matter of fact, Perseverance #1 has been fully funded, including a significant contingency, since the date of mobilization, as is clearly stated in the press release issued to the London Stock Exchange by BPC on January 12, 2021,” the company said.
“Any other interpretation of this press release represents a deliberate and gross misrepresentation of the facts and/or demonstrates a selective naivety as to how businesses operating in The Bahamas (and internationally) maintain the capital to fund themselves.”
Former Finance Minister and Director of BPC James Smith stated: “The lengths the environmental groups are going to in order to distort the facts is frightening, and quite frankly wrong, demonstrating a stark lack of understanding of commonplace business funding practices.
“Like most businesses, at any point in time, BPC has a mix of ‘cash at bank’ and other funding facilities that can be drawn as and when needed, in order to ensure the costs associated with funding are only borne when the money is actually required. “
He added: “It is worth noting that BPC bears all of the costs of the exploration well. The government does not have to contribute a single dollar, but gets to share the benefits of success.
“In authorizing BPC to drill this well, the Bahamian government is exercising its legitimate, sovereign right to find out if The Bahamas has its own important resource, which has the potential to benefit current and future generations of Bahamians.”