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If one of the dream RNS's lands which reflects a buyout (note this is unlikely to be the case here given this is a recovery play, however everything is always for sale, always). The price per share eg X would be the price per share across all the listings to include all shares in issue which is available on companies website.
With it being dual listed this means that Market Makers work in their own areas. What can happen when there is a big price difference in dual listed shares is that they are attacked by Arbitrage - however, think the only model available here would be to either buy the london market and short the polish one, or visa versa. However, perhaps unlikely to get a borrow on the Poland listing, or if you can the spread might mean that it becomes high risk to do so.
Chill out it's effectively at 33p, tiny uncrossing trades went through end of day at low value. Needs to cool off for next leg up. Larger rises need a period of consolidation. Doing nothing for a few weeks not a bad thing.
All thanks for deleting the thread from earlier where I had presented my trades for all to see and my short thesis. Share price is continuing to fade as I expected. Have a good weekend everyone, especially those that cannot stomach an alternative thesis
I am absolutely thrilled to be in this stock. Fantastic to be pleased to be in the oil and gas sector after a fairly miserable 2020.
For me couple of key things, they have no debt and any increase in gas price makes a material contribution to bottom line, with ~10% liquids and condensate prices recovering this is also positive.
There are some very confusing aspects associated with Oligarch ownership in this area. The exit of a 20% shareholder in a price uptrend suggests they have done a deal with the buyer of these who is paying a premium. Going to be an interesting reveal as to where the shares have gone?
Agree, and what makes it even more tricky is that there is the not insignificant Russian producing assets to take into consideration too. They have their own gas prices, which are substantially lower than EU side of the fence, think politics plays a big part here and also not wanting to freeze their quite poor population. I think if memory serves me right 2/3rds the price (info is all in the latest quaterly production report in terms of what they used as basis for russian / ukraine realised gas prices. I pulled a spreadsheet together trying to calculate where was greatest value in jkx or enwell based on shares and P/e and remember the Jkx calculations were a pain in the a@@.
This is desperate ramping....look at the chart. Volume etc. No indication of any gap, as there are no buyers only those exiting.
How does it look strong if it is nosediving. What technical indicators are you using to show that this is a good deal now. Looks like a falling knife from a technical perspective, buyers absent and price dipping with no volume.
This was always a pump. Lets be honest, we have seen the start of the dump and price will find value shortly. Anyone that is familiar with the brand knows its a car crash. I am open and hold a short position, and keeping my short here running. I have locked in profit, on a number of tranches shortly and stops at B/E on the rest - so it doesn't owe me anything and I am not at all worried here. Could see this ramp and dump coming a mile away. To those that have lost money don't worry, use it as a lesson. Don't chase spikes ever, ignore twitter, make your own trading plan. It's easy to believe the hype but remember there are always folks offloading their shares when you buy. Don't be bagholders in the future.
Thanks mate. Brain fade didn't see that.
Folks I tend to struggle understanding if groups have increased or decreased thier holdings when RNS stating total holdings are issued. Case in point being Sailing Stone Capital Partners LLC recent RNS saying they had about 12%. Issue being I had no idea what they held beforehand. Is there any resource where percentage of major shareholders can be found, or am I missing something obvious?
Just popped in pushing volume to 6M, nice. Could be getting interesting (or would explain the last days rises). Glad I took the option to buy in.