Arcm are subject to a lock in so wnot be able to off load shares until that expires. The lock in only applies to arcm as they are the only creditor that falls into the lockin critetia.
As Jenny has pointed out the pmo shorts are a hedge against the new deal, so they are hedging risk, not the type deployed by odey et al which is simply opportunistic, so in long rung, not something to worry about. Esp with oil going the way it is.
Whete is the buyer going to.come from, I doubt it. This deal is too far down the tracks to be stopped now. Day by day its looking like a stonking deal for HE, well done to them. IF this is the calibre of their strstgey mgt, we are going to led by a cracking team. (At last )
Covid cases massively down, vaccines roll out big success, and more on their there way, dow up, euro indices up, oil up and up. Only one way now, that's up up and away !
Well said Jen. Cant argue with the truth. And by the way, I think you have it right . Looking forward to steady rise post merger when all this uncertainty gets sorted and the mgt can focus on managing the company, not creditors .
RE: If you don't want you broker to lend your shares to shorters8 Feb 2021 13:18
Ec, I raised this with my broker a while ago who said they didn't do this and its v unlikely any reputable would either. Its Goldman we need to be worried about, either shenanigans not brokers acting on behalf of pi's who own diddly squat in any event
RE: Hedge funds bet on oil's 'big comeback' after pandemic hobbles producers7 Feb 2021 23:50
Thanks for sharing NF. Can you copy and paste to all pmo shorters , ER, no that's not necessary, I'm sure they are all aware and frantically doing their sums. Looking forward to a positive week ahead. GLA .
If HE is valued same as Aker/BP @ £7bn, then HE sp will be 38p. Ie 7bn / 18 bn shares in issue. I'll be happy with that. As to when, that's another question .
And with uk originated profit sheltered from tax. Aker/bp have much higher tax burden in Norway, so HE have a much lower tax burden, much lower. That's about the only good thing TD has left us with, ironically. Tax losses. What a legacy. An advantage as a result of catastrophic failure.