focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Does Pmo still look like a correction on the move up ? I think its time someone contact the WSB guys to help out ;d
Well said Aud123, we need more members like you supporting Pmo because too many are not.
I had bought back in today at 26p and holding 100k of shares or about £26k.
I previously held Pmo at 19p and sold at 28p and missed out the full run to 32p before Pmo
made a retreat due to the current retrace in the energy prices due to also other negative
market forces. However, Pmo at 26p, like everyone else said, its a super steal and money to
print. Don't bother chasing Bp Plc or Tullow oil plc because you'll not be making the same
return either short term or long term. Pmo is the best oil-gas-energy stock to buy across the
world markets. Moreover, I've got Chinese friends who have recenlty bought it at 31p and
are all holding for the long term. Keep the Faith and Keep Calm. NoFear
Premier Oil and Chrysaor merger countdown.
https://www.reddit.com/user/True_Equilibrium/comments/makfro/harbour_energy_will_be_the_largest_londonlisted/?utm_source=share&utm_medium=web2x&context=3
After a month out, I'm back in!
Ive had enough of the negative posts by one
particularly party, this board is for promoting
positivity- not to DE RAMP
Looks like the start of another crappy week for the sp. Homemade Pot Noodle, TUC biscuits and PEK luncheon meat and Pte. Baldrick's coffee for the time being. I'll poke my Jaffa cake box periscope above the parapet on the 27th. For now it's YouTube and re-grouting. GLA
Welcome back Rooks and good luck
Ok added another 100k earlier than I expected
https://www.youtube.com/watch?v=rjqHZhC8sXg my live premier oil position
Is the market suspension still on the 26th
Gosia the vaccines the UK purchased are under contract and we receive them in batches as they are made we haven't bought a massive pile of them !!
Stevo, I think they will hold to the shares and wait for a rise that suits them. Then if no prospect of the dividends or other incomes/benefits, they will be flogging shares on the market in small batches. None of them is unwise to dump those to market and overflow it. The share price would collapse completely and that would lead to trading suspension at least.
I think it will go way below 20p - we are for a sharp decline in price before 26th March. As mentioned there are 3 key drivers supporting this:
1. the lower the price, the bigger Chrysoar % in the group
2. the lower the price, the lower a value of the non-voting deffered share - hence a lower risk for the group at the end, when they buy these of LTH for a price of £0,0001 for the whole pack (yeap, roberry) and the new group shares would never reach the price of PMO on a last trading day.
3. a perfect opportunity for those on short to make money if the price share for combined group won't reach at least 20p on a first day of new trading.
There is also a strange tendency across whole market - it seems the new announcement of the third lockdown due to African new strain that is not botherred by vaccinations and then vaccinations themselves going south due to insufficient number of vaccines procurred. To be honest that last one is beyond me - UK bought so much of those vaccines we could vaccinate ourselves several times. What happen to those?
Lets remember PMO's share of the new company will be 5-5.5% the new company will be comparable to Lundin value and currently they have a Mcap of £6.5billion - 5% of that is £325million so our current Mcap is £241million so we are way under valued. This is a easy buy for me Especially if we end up with 5.5% of the new company.
Lets remember PMO's share of the new company will be 5-5.5% the new company will be comparable to Lundin value and currently they have a Mcap of £6.5billion - 5% of that is £325million so our current Mcap is £241million so we are way under valued. This is a easy buy for me Especially if we end up with 5.5% of the new company.
The creditor shares after the merger I meant.... aren't they locked in for 6 -12 months after the merger, meaning there wont be a mass sell off by creditors on Apr 1st?
Aren't those shares tied in for 6 - 12 months though?
Borrowed shares have to be returned so at some point before the stock is suspended or they face a massive gamble. I think they will buy the borrowed stock before the suspension date, this could get very interesting next week. If i had shorted the stock above 30p then i would buy it back now and realise my profit before its to late. If Iran and SA go at it oil prices will jump massively
At its rate of decline it will be 20p by April 1st
SmallT
Many of the holders of the creditor shares are specialist distressed debt investors. They are not equity funds and will look to realise their cash as soon as possible to enable them to invest in other distressed debt situations.
I do not think there will be any volatility after April 1st. Why one would sell if the dividend is in the pipeline and POO expected to be at $65? HE makes lot of money with POO at $65. Currently it is shorted so we see SP declining a bit but did hit 33p with POO at $70 few weeks back despite shares being shorted. After April 1st, there is no case for shorting considering the amount of free cash flow that HE makes. Jefferies have a 30p price target on re-open.
I will gladly pick up as many shares as possible if that happens and then sit back waiting for my investment to double handing me out pleasant dividends twice a year.
No more stress and worry.
Yes. A few of the debt holders are selling their creditor shares ahead of 1 April. I sold my creditor shares in advance last week by taking out a relatively modest short. The share price will be capped over next couple of weeks by creditors selling their shares in advance of 1 April and there will then be a large volume of creditor shares sold in April/May. I hope there are lots of big institutional investors lined up to pick up the shares in off-market purchases.
LTHs need to sit tight for a couple of months.
Put another five grand into this as didn’t expect to see 26p again. The money I put in was a small chunk I’d sold at 33p.
My average still sits at about 29p now but with the new company on its way that will be small fish.
Saint T
The reason the vast majority of the creditors took shares rather than cash is that Harbour was offering the cash equivalent of 8p per share. A number of the creditors are selling their shares ahead of 1 April by taking out further shorts (which is why the shorts are continuing to rise) and accordingly have received around 30p per share, rather than 8p offered by harbour.
None of the shorts will unwind in the normal way (by buying shares in the market) but will be closed by handing back a small percentage of the creditor shares they will receive on 1 April. Accordingly no stimulus to share price.
The big unknown is what demand will be from big institutional investors and how many of the 3 billion+ creditor shares will hit the market in April. All the ingredients in place for significant volatility in early months.