Member Info for Auson

Whats strange is Brent is rising and someone has decided to off load, still plenty of chunky buys trying to mop up.

1msn,

Have you got L2, cos they have not hit the book

NigeCo,

It does look a bit like it was taken down for some accumulation, together with the 25,000s we had though out the day. The other possibility is it was a sell ( or short increasing ) but I do wonder if the order book would take 500k at 52.15 ?

NigeCo,

Yes that is some sneaky accumulation ! Logically I don't see any reason why shorts wouldn't take some profits today, a bird in the hand is worth two in the bush and all that.

Vol. Sold 237,154

Sold Value £100.26k

Vol. Bought 641,511

Bought Value £271.56k

Godders99,

You know as well as I do this can move in-excess of 100% per day ! So yes 10p to 20p in one day 10p to 30p or 40p is possible within a week, and that is probably why you haven't sold.

Good luck with your holdings

Caveman70,

Silly sod doesn't realize that a market cap of £236m means you can have fully underwritten rights issue at an acceptable discount to current share price. Rights issue should be unlikely as directors/ founders hold 128million shares here and would not want to be diluted.

Spookytooth,

To be honest I wasn't expecting such a sensible reply. I think your prediction could happen, the market likely to punish the update regardless of how good/ bad it is. I am expecting net debt close to £200m EBITDA circa £100m and a forecast for growth for 2024.

Good luck with your buy in.

Spookytooth,

What is your idea of where this is going ?

Are we not trading on a discount to NAV of about 0.31 ?

Flatliners,

What price did you open your short then, do come back to let us know how its going.

Dogger69,

Why did you close your short then ?

Dumbly,

Yes I think I agree with that. Although on Rockhopper as I used in my example, in the absence of any real news/ developments I believe it has had a long term effect, until things are known and the Institutions will dictate the price. The ADVFN board for RKH has been completely taken over and destroyed by disruptive / abusive posters, just think of the damage loosing an investment BB does to a small cap stock.

Dumbly,

Not wishing to pick an argument and I would say I find Stevo's posts highly informative, but we all know Enquest can be extremely thinly traded daily, we also know that some of the holders on here have millions of shares and lots have 100s of 1000s. They alone are enough to move this market without factoring in stop losses hit and all the algo trading. Another good example is Rockhopper where there seems to have been a de-ramping crew working for years, pure estimate but I reckon they could have wiped off 50% of the value there.

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Jnc0108,

Nige Co already posted this from Bloomberg two weeks ago we have

Rathbones Group Plc Q1 2023 Holding 27,244,269 Q2 2023 Holding 26,404,033 Q3 2023 Holding 18,959,099 Q4 2023 Holding 8,486,800 Q1 2024 Holding 8,486,800

Morningstar also showing they sold 700,000 shares leaving 615,000 on a smaller Rathbones fund.

Thunder2040,

Imagine directors loading up on cheap shares while they make staff redundant, would not be a good look now would it. Next week I think it very likely they will report another reduction in headcount. Weak macro in 2023 has given them a good excuse to trim the fat from all the acquisitions.

Hi BTFATH1,

Seems strange how we dropped back from 16p I wonder if we will resume our upwards trajectory with Brent back above $80.

Off topic but do you follow SFOR ?

So this is why we opened down at 93p today while previous mornings we have opened up then been sold down.

11.16.54 93.00 1,223,289

11.15.33 93.00 1,223,289

11.15.33 93.00 1,223,289

11.14.10 93.00 1,223,289

I think Sorrell is usually presenting at CES

'During a CES panel today, Martin Sorrell, the S4 Capital executive chairman and former CEO and founder of WPP, fielded questions on the subject of “how brands are adapting at the dawn of the new decade.”

Hi Tornadotony,

What are your thoughts on the SEC Twitter acc being hacked, would make much more sense to post that Bitcoin ETF approval was denied wouldn't it ?