The harsh reality.....30 Mar 2022 11:59
Unfortunately share prices are not always truly representative of a companies value. There's plenty of examples where a companies true value is much higher than it's share price and conversely where it's true value is much lower than it's share price. I think we fall into the former, however as much as we moan about it, we as PI's unfortunately can't do much about it to get the share price up. My take on the Tullow share price is that because it is so cheap, the MM's have found a nice little algorithm that they can use to swing the price by around 5%. I've noticed that we're constantly seeing 5% swings for no apparent reason. Someone is making a killing out of this share and it's costing us by holding the price back. The question is what can we do about it. I think there's two options, either try play the game and see if you can catch the 5% swings or just hold while the games are played and there should be a slow rise as Tullow's situation gets better and better. I'd love to trade the swings but don't have the tools or know how and I guess I'm gambling on Kenya, as really don't want to be out if there's a positive announcement. I didn't see the whole webinar yesterday, but caught the end of it. I thought the response to the last question on Kenya was very telling. I liked the fact that Rob Hellwig simply said he can't say anything and didn't look stressed, flustered or nervous when answering. He also said when answering the dividend question that shareholder returns would come from share price increase. So sounds promising to me, however the question is how long do you have to wait and can you stay patient.
Sign In
Follow the stocks
