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is going on here 2 yes 2 uncrossing shares to wipe out any gains made today
26-Oct-20 16:35:18 5.50 2 Sell* 0.11 UT
The only explanation imo is that this is being clearly managed while someone is loading up under the radar as much as possible. If you want to to get a big shareholding you don't want the price going up and getting too much attention, but you don't want it going down either because then you have losses.... so just keep it flat and buy out all the holders that have lost patience.
Same as last night put to bed at the 1635 hrs UT this is not trading this is 100% manipulation I will again contact the exchange and suggest others do the same, a job our BoD should be doing but what can you expect from this outfit.
Up 10% all day then dropped like a stone. Definitely some odd trading going on recently.
Not sure how accurate LSE site is for trades but £50k in value for the day is nothing, if we were looking at trades worth £10k + at a time and a few millions shares exchanging hands then I might perk up a bit, but for now and possibly some time going forward, not much to see here. Just hope PMO deal goes through, if it fails and the creditors allow the can being kicked down the road for another 4 years, it will be the end for RKH as the PMO board will be beholden to the creditors again with no say in their own future.
The reverse takeover is a reset and could be the making of an enlarged and muscle flexing PMO mark II with an appetite, production and backers to enable aggressive growth into a rising oil price market 2021 onwards. IMHO
LTT
Tonights little gem
Date Time Trade Prc Volume Buy/Sell Value
28-Oct-20 16:35:28 5.20 1 Sell* 0.05 UT
As someone had mentioned earlier, this is clearly someone trying to beat down the price for the day, so that they can accumulate at cheaper prices tomorrow. The VWAP is 5.54 but just one share traded at 5.20, so that's the closing price.
There should be a securities law against it. This is brokers trying to steal from the small shareholders.
Is anyone else having problems accessing the chat during first two hours of trading?
I`ve had problems for 3 days now. Strangely enough I can access other chats?
Today the trades page stopped showing trades after 1040 then displayed the UT at 1700hrs very strange
WELL DONT put stop losses on the shares and brokers cant nick them
Filtered chat fudd , if you don't fit profile, zap sanitized
Yes, over the last few days, been experiencing the same problem, fuddstone,.....on some of the other boards, where we have shareholdings.
BW
Thankyou Wraith, seems to be resolved this morning although access to this thread is via different start point.
Don't tell me, up 9.62% for the rest of the day, down 0.18% after close. Why?
Because its Rockhopper
Ok, I give up on sp predicting!
Strange no uncrossing trade posted on LSE trades page today? ,and yes there was one, drop as usual
I was following the action on iii. From 16:25-16:30 the ask dropped from 5.97 to 5.55 but I couldn't get a bid in at 16:29 as the dealers had shut-down automatic trading!
I have it closing at 1630 and sp 5.70 then at 1635 dropped to 5.55 that must have been the UT
UT was 231 shares at 5.55 according to exchange
https://www.londonstockexchange.com/stock/RKH/rockhopper-exploration-plc/trade-recap
Troubled times.....
https://www.rt.com/business/505011-oil-investments-fall-covid19/
https://www.bnnbloomberg.ca/top-trader-vitol-says-europe-lockdowns-mere-speed-bump-for-oil-1.1516088
Surely less investment = less oil = higher prices as demand increases again? Or is that too simplistic?
Depends what your horizon is.
Short-term and of course oil demand is low, but that's of little relevance to SL.
Could be wrong, but as I see it, the oil majors aren't investing in new exploration projects, because their shareholders are looking beyond fossil-based energy, plus the fact that current demand is low, so what's the point in wasting valuable resources, exploring for something that going out of fashion?
However, if you're sitting on a proven mega oil field, with probably much more in the adjoining area, that's a different story.
Once some sort of cure/vaccine is generally available, then governments are going to have to revive their economies not just to undo all the economic and social damage done over the past year, or so, but also to pay for the massive debts incurred.
To do that, in the short term, they'll be forced to look at the cheapest sources of energy. So, very likely oil & gas will experience an unexpected new lease of life just to get humanity somewhere near where it was when COVID came along.
As we've seen, 21st century humans can't even tolerate a few weeks of inconvenience, let alone waiting several years, for renewables to fill the void created by abandoning fossil fuels.
Add to that the considerable instability of the Middle-East and calls by IS to destroy Saudi oil facilities.
SL (and the wider NFB) is ready to go ideally placed to fill that void for the period when fossil-based energy will be needed.
Petrochina predicting lpg gas demand to double , what price Johnson Gas?