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https://invst.ly/q3bgo
G's chart doesn't go any lower than 90 trend-wise. Next stop 67/70 ?
https://invst.ly/q3bl3
Complete and utter car crash this now. What on earth are Genel doing
Same as everyone else Leem - market out of control.
What would you like them to do? Or what do you think they should do?
Yes Boyo, but these lot have no debt and 400m in cash (net cash anyway). It’s the valuation that’s ridiculous not the share price
Chase payments, get bina bawi sorted, buy backs, director purchases, buy cheap cash generative assets, get the farm outs done. Heck I’d suggest just get off there a**** and say or do anything to defend the share price and shareholders and earn their obscene pay checks
It would be great if they did. Can’t see them doing it. Need a change in tact. KRG have a lot of questions to answer.
See if the ECB can help to calm things later.
If Putin was to make a conciliatory gesture now, he would be praised to high heaven.
The strain on G (and the other KRI co's) compared to the likes of RDS etc has become more apparent since the weekend.
G's 90p level came and went and, bunks, I chose not to get back in at that level.
Conventional wisdom - based on G's history - would probably be that it could well be headed for 65-70p and that might be a suitable re-entry point. But who is going to buy into a company that isn't being paid when there are plenty of other bargains out there? G entered this particular battle at a clear disadvantage and that is beginning to show. The G:OP ratio survived at 3x until Monday but has since dropped to 2.53, the minimum since I started tracking it over a year ago. Assuming Brent is headed for $30 (optimistic according to most pundits) G would see 75p without weakening further v Brent. At $25 we are talking 62.5p. These numbers fit with the chart's predicted low. But would I buy back even at that level? It would be tempting but hardly prudent. https://invst.ly/q3fet
The very least the KRI should do, given the problems caused by their payment delay, is to extend the Receivable's deal.
To be fair, before I appear to be emphasising the 67p level a bit too much, there are smidgeons of hope at 82 (nearly there) and 74p:
https://invst.ly/q3gmw
Will be interesting when US opens.
when does that first circuit breaker kick in?
DOW suspended by the looks of it
£220m cap, 400m cash. Bravo Genel and team cracking share price defence and strategy
For those that can bear to watch, here's G (5 min ticks) v Brent and RDS (usual colours) showing the behaviour near the 90 and 82p support lines I've mentioned previously:
https://invst.ly/q3jo4
Let's hope 82 holds....
Note that G is now dropping at twice the rate of OP.
Even RDS is falling faster than the underlying commodity (they are also a gas company, of course)
close above 82p? Nah - LP81.6 someone is loving this
There's a bit of latitude as these supports and trends are rarely penny perfect - within a couple of p either way.
How am I thinking 82p will be a result ....crazy
well better than 67 or lower!!
how rigged is that then ---- balanced precariously on the support line .... ffs
Who's idea was all this?
Here's the last six days comparisons (5 minute ticks showing OP out of hours) - no points for spotting when the US market opened today (Chevron drop)
https://invst.ly/q3k2-
Looks like the 82p support may hold - subject to OP.
RDS on the way up today and I'm hoping G takes the cue eventually.
https://invst.ly/q3wwu
I decided to restore much of my G holding and now back to 80% of what I held a week ago.
The 20% reduction will probably remain permanent - as part of a general re-balancing, at no net cash cost so far, and my net cost per G share has actually reduced slightly. I 'm hanging on to 'new' cash in case of further market falls.
i'm not so sure, if we continue to hang around here even a sniff of a pullback will see us dragged straight through 82 imo, she needs to get her skates on because I for one am getting increasingly concerned with the lack of reaction to a fairly substantial market rebound today