Member Info for Auson

1msn,

Its could be you ! With such low volume I guess there was clearly some orders at 40p or above which you sold into, they then cancelled the orders and down to 38.75p we went.

JMAX,

How about nominee accounts for a start ?

Pokerchips,

Regarding the market wanting to see a turnaround and green shoots in the sector, what are you thoughts on Publicis Groupe shareprice being at an all time high, with record bonuses about to paid out to staff.

SplungeGasket,

I didn't say anything about a low share price being good, but you are deluded if you think a buy from a multimillionare director is going to do much to the shareprice ( a quic 10 or 20% bounce at best). Have a look at Petrofac or Enquest for proof.

Marunam2,

Great post ! Wise and insightful with a great perspective, only possible when one is able to take a step back and focus with clarity on the situation. Of course your experiences help you with that clarity of vision, without having had those experiences you might not be able to see so clearly. Do you remember Beetham made circa £2m on Premier oil one summer long ago ?

Good luck with this and anything else you hold.

1msn,

You beat me too it !

Pearls,

I totally agree, do you know what happens to the Golden share in the event of SMS's demise ?

SplungeGasket,

Well if you want to look at it objectively, its probably more important not to upset the remaining 8000 employees, laying people off due to cost saving while management buy knock down shares is not a good look !

DestituteBroker,

If you buy the bonds and short the stock it offers you a hedge.

SplungeGasket,

Its not really a laughing matter, it looks bad to the employees who got made redundant just before Christmas.

Jayroz,

There will be a lot more than 2.5% short here, but below the 0.5% reporting threshold, any institution short by under £2.2m doesn't need to report it. I haven't had access for a few months but last time I looked Tullow was usually between 8 and 10% stock out on loan. Hope this helps

Kerching67,

I have said this before but will say again. 1) The directors have huge amounts of shares here, meaning they already have a vested interest, no need to buy more 2) It would look really bad directors loading up on cheap shares while the company pleads poverty and makes all these redundancies. 3) We are in a 2 month closed period right now and I think we had a 1 month one just before that.

1msn,

Well as its SETS order book does that mean your broker took them to fill an order ?

1msn,

How exactly do you think it is being played ? Looks like you sold into this mornings strength ( taking advantage of the thin volume ) and bought back on the weakness ( partly caused by your selling.) Nice work.

Pokerchips,

Yes but WPP also wanted to buy Media Monks for a very similar sum. I doubt their aspiration of owning Media Monks has changed and they would no doubt also like to take out the Sorrell threat.

HorrisM,

£400m is a discount to todays valuation, how would SFOR be acquired for a discount to todays price ?

Besides Sorrell most probably wouldn't sell for much under £5 a share

BielsaBall2021,

Its highly likely, as we have seen this sort of thing happen many times before. Or they just know value when they see it !

HorisM,

I hope not because that would be a slight discount to the current Enterprise Value of £430m

Toffers,

No way will the bid be £1 per share.

From half year results up to 28 Oct 2023

Liabilities here exceed assets with total current assets of £338.9m and total non current assets of £113m. Against total current liabilities of £358.1m and total non current liabilities of £135.4m, leaving Net (liabilites) / assets of -£41.4m

Verney,

Can you expand on what you are thinking about Amazon Prime Video ?

HorisM,

Its been going on for months. We have GLG, probably Systematica and Marshall Wace still with some level of short here, so the algos likely won't stop until they are out.