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A reason Major investors were not allowed to sell their shares (IMO) is that the creditors didn’t want any manipulation by them so they could drip feed the market with their 18%.
I don’t see major holders selling when they are very forward looking and wait sometimes years for a company to shine. However, in this case I don’t think they will need to wait further than 2022!
Briansy… I feel your pain. I am invested for 10 years on and off PMO and HBR now. Take no notice of the children here. It’s our hard earned money and their bullish, pathetic ramping is out of order. I believe in HBR and I am holding. That’s all I can say. But this is the most undervalued and frustrating share to follow in the whole of the world stock market exchanges. Down again today with Brent racing towards 79dollars. I have no idea what will happen tomorrow with all these creditor shares in the market. I should have sold today, but decided to hold. Knowing my luck, the mistake of the century
briansy, can't blame you. This is a very frustrating share. I sold out this week @ 379 to break even as I'd had enough torment.
I still believe in the share over the long term but for now I'd rather watch from the sidelines.
funny that the rare (!) thing happens and as a retail investor you get informed about a future stock overhang of 18% by management (happened in April, by Linda, mentioning at the time that "creditors selling might cause some volatility in the stock"), listen to the webcast again in case... then thats exactly what happens: the stock goes down. So first question: why buy in April if management tells you in between the lines to wait.
Then end of August we get the info that half of these 18% are sold and end of September we kindly get the info that "more than half" of it has been sold. So you can roughly calculate that about 11% have been sold now. 7% still out.
You also get the advance info that there´s a lock-up that ends 1st of October. And that this lock-up was a condition for the merger by the creditors. You think a little and ask yourself... why did they do that? Hmmm ... yes: to sell their shares between April and September.
Now you know that 1st of October still 7% of stocks are to be sold by creditors. Plus any investor apart EIG willing to sell on the market can do so starting tomorrow.
And you think again: is there still a stock overhang?
Answer is: YES
IF (!) investors are clever, they will keep their shares and most of them will, but probably not all.
IF (!) investors are clever, they will at least not sell right now, as the share price is way too low, but who knows. Never calculate with the cleverness of others.
One thing s for sure though: selling pressure might rise before it falls and the price might tank a lot more before it goes up (@ephiphany121: exactly what you wrote), but selling pressure will in the medium term go down and buying will catch up.
So whoever told you to "wait a few more days/weeks" if ever you looked at the publicly available schedule from the company about lock-ups, plus listened to management giving you free timing advice ... you should know that we re
1. at the end of the first lock-up today
2. have sufferd 6 months of selling pressure by banks
3. still will see a lot of selling in the next lets say 2 months
4. things will get better at the latest when we get news in December, maybe before
what I am doing: I m invested here, waiting waiting waiting. If ever (!) the stock goes down to lets say 300 I will buy once again and get "all in". If it holds more or less between 330 and 400, no reason for me to change anything.
Just dont say you were not informed before, thats why I posted this here. Everyone knows the deadlines for the lockups and even more everyone knows the % of stocks currently already sold by banks.
Oil, thank you for neatly summarising the problem here. Glibly stating that I should just "wait for a 7% increase and all will be fine" - I first invested back in April. We are currently 5% down on where we were then and I have been waiting for that payday ever since. I decided that 6 months was long enough and people have been making posts like yours saying: "Just wait a couple of days, just wait a week, just wait a month, wait til the creditor overhang clears, £4 next week guaranteed" etc etc but it never ever happened.
Brainsy… You encapsulate all that the wrong investor is. You are out of HBR and we respect your opinion. After all it’s your money. But if you say that this share goes to 380 then back to 360 etc, which is happening now but not for long, then why say that you can’t be bothered as there is no money to be made? Buy at 360 like now, wait a day or two or a week or whatever and sell at 380. That’s a nice profit of 7%. Keep your money in your savings account and it will take you 10 years to make the same profit
It's funny how sneary a handful of posters were getting when I "missed the boat" cos it got to 380 for all of about 12 minutes - and now it's back in the low 360s again just treading water, up down up down. No peace of mind, no profit, not a good use of my time. Hence why I'm out.
Oil
Like I said calm down its just investing. If we get it right we make money, if wrong, we lose money. Simple as that. Your problem appears to be that you cannot accept a loss which if you've been into PMO/HBR for awhile is probably the case. I admit freely my mistakes and the fact I'm losing money on this share and I would suggest you be honest and do the same.
Simple investing strategy is to have a diversified portfolio of shares that enables you to average out and hopefully be on the upside. If you only hold a limited portfolio and your 'heavy' into PMO/HBR then I would suggest you change your 'game plan'.
HC
Harrycash… You call me a fool, but you are the one who rates a Sell a share you own, not me. I rate HBR a hugely strong buy and that’s why I am invested. We can agree to disagree as to whether the sp will go up like I hope and believe, or down as you predict. But I will never agree with you that if you rate a share a sell, you should be happily invested in it. You obviously have cash to waste. I haven’t
Oil
Oh dear. Once again your not reading things. I said 'weak sell'. Just means I would not be buying 4sure and given we're at old money 17p/18p why would I. This doesn't mean I would sell my PMO/HBR shares because as I've said before better just put them in a dark drawer and forget em for 5 years and just maybe they will then be worth what I've shelved out. I live in hope.
I'm not a footy fan so the analogy was wasted.
You take care and don't take things so seriously. After all its only money we're investing. Anyway, lets just agree to disagree and I do accept that your a fool as you rightly point out.
HC
Harrycash… I have never come across a more puzzling investor than you, in 10 years I have been on this board. You lost money, you continue to call HBR a Sell, but you still keep your money here? Are you happy seeing your money go? Why on earth are you still invested here, if you rate it a Sell? You are not invested. Only a fool would be invested in a share he rates a Sell!!! If I know a team is going to be thrashed by several goals and put money on that team to win the match, I am either incompetent or a complete fool
Recovery you want to turn your telly off.
Economies and manufacturing output are shrinking at there fastest pace ever.Whilst debt to gdp is climbing at its fastest pace ever.Should really be looking at the data behind the headlines.
ATB
Oil
Before you join the other idiots read my posts correctly. When.did I say I hadn't lost money or seek sympathy.. i said my money my mistake and therefore my loss so what's your point.
Deramping is a term used by 'traders' to tank a price. Why oh why would I do that if I own PMO/HBR shares which unfortunately I do. Weak sell - they are that 4sure after last weeks update hence the SP fall.
Yesterdays gain of 8%. Yep that was welcome but why oh why are you banging on that I missed it. I didn't and I said I hope it continues. That's not deramping thats called optimism.
If you want to join the other childish pillocks that **** off those that write things you don't like then continue and I'm happy to respond but grow up a bit if you want to debate with me and read posts fully before giving me your witty comments.
All theory of course and with oil prices rising HBR SP may again prosper .
HC
To those saying I missed the "big rise". I sold at 360, it got to just over 370 yesterday and is now down 5 p again today. I mean at what point do you stop lamenting what gains you could have been making and move on? You're missing the whole point that the reason for exiting was the daily stress of watching this thing bounce up and down like a yo yo, with no apparent sense of it being tethered to the financial reality of the business was wasteful, stressful and not in any way remunerative for me financially. Hence why I'm out of the stock market. It's actually been a waste of time even posting this. Good luck all. I'm off to mediate and enjoy a walk in nature!
Oil no offence but if you think this free money printing and bubble will last forever then your asleep.Its only the money printing keeping this mrkt up.As soon as it stops the party stops.And it doesnt matter what stock your in.;-)
ATB
Harrycash… you call others poor losers, but then you admit that you lost money over many years with PMO and now HBR. It’s you, who should be called poor loser. Now you are deramping because probably you missed the 8% rise yesterday. I keep saying this. At least Sauerkraut and DBNO make me laugh. People like you make me cry
HC if you are saying weak sell and this is a bad investment then why don’t you go and buy something else and take a bit of a break. I’m sure it will be good for your mental well being.
I’m very worried about you.
OBND
Ha ha ha ha ha!!! I don’t think No Fear can help you with that… ha ha ha ha ha ha
HarryCash totally agree with you but for different reasons.A lot of head in the sand across the board.
Think your timings off the mrkts will go higher.As long as the money printing continues.Which it will.
Learn the mrkt indicators and your know what's a pull back etc .When the mrkts will go up and down as a whole.And when its going to crash.
Ten yr yeild Wti poo and the dollar.
Its just money moving around the wheel.At the moment its a debt driven mrkt.Look at the data behind the headlines and it tells a different story.;-)
ATB GLA
To the double act The Texan and WUSHU
There's always one that has to get childish. In this case two. They just can't stop themselves with the insults and silly prattle. Add that they praise each other. Sad really.
Investing I take seriously and try and tell it the way it is with what I think is a rasonable and balanced opinion. For me PMO/HBR have been a bad investment and my money so my mistake. I don't think things will improve but if in time they do then good I may get some of my money back.
Given these facts why is it that these two clowns feel it proper to air their childish opinons against me and others that don't see the 'rainbow' that they clearly see rising over HBR.
I don't normally engage with idiots. I've been investing for too long and I've met poor losers before and ignored them but for these two self absorbed pillocks I will gladly oblige.
All theory of course and yesterdays rise was welcome but was mirrored across the petro sector. Lets hope it contnues and Morgan Stanley upping oil forcasts to S80 + then HBR may profit. Time will tell.
HC
DBNO have you seen tonight Natural Gas Prices? Its up already another 3% since today already 10%. So, insofar today we've witnessed a 13% Lng price rise and its heading for the 6,000 mark. You'll be complaining when your shorts get even more in the red if not already completely closed.
I'm afraid that the Harbor Energy train has definitely left the train station and it won't make a return to those low levels seen last Friday. It's over Mate and so it's so over for Sauk(Olivia) and chum friends non invested in HBR like yourselves.
The time has arrived for your early retirement. Take it easy bruv. Cheers. NoFear(*__*)
Can someone remind me of volumes again? It’s been at least five minutes…
@briansy sorry for you man - you sold before the rise :/
hOW dO You Do Sauk(Olivia)! Any news from your chum friends DBNO and OBND?
PS: The natural gas prices have hit tonight a high of plus 10%. There is no comeback from these highs.
Here is tonight Harbour Energy Plc final trading volumes.
You'll not be able to see this on the lse chat website.
Click and Zoom in Hbr screenshot below:
https://preview.redd.it/dl420gffa3q71.png?width=1242&format=png&auto=webp&s=10cba5e852ae9964373252889a706f469e726805
Can't wait for tomorrow opening of Harbour shares at plus £3.84 end closing hopefully for the
first time at plus £3.92 and from here then the sky is the limit. The World Markets are on a major rally.
Night Night everyone. (*__*)NoFear
Hairy gash is brilliant WUSHU.