Share price is laughable...and irrelevant until sold.
All these silly drops do is allow for more shares for your bucks or if trading a few gain free shares for very little work other than selling and rebuying lower although I wont personally take that risk as the day i do we would be sold and locked out.
Fully expect this recent walk down to go under 200 here we should really be approaching 400...be interesting to see what happens to the process when we do deliver the 55k bopd cane can't be held down forever.
Until finance is sorted this will continue to drift , spike and fallback as traders benefit from the volatility.
When a company has its backs to the wall as sxx does now the market and money men are ruthless and I cnat see anything here other than huge dilution for the existing shareholders which is a real shame.
So many companys do this its scandalous and should have been addressing the funding whilst the share price was way north of here.
As for govemenet help they did nothing to help xel in fact they made it worse for them forcing them to do a 2nd flow test the end result of that expenditure put us into administration and 6 figure losses for me so please be careful here.
Regardless of the buyback and big dividend payments with huge production increase imminent it's sad to see the share price in its knees again , l really do give up with understanding why were so undervalued.
Quite astonishing after big dividend payments and a huge share buyback programme plus being in touching distance of finally increasing production and we see ourselves down at these prices again. Tomorrow I will adding and continue to hold until its sold.
RE: 1 million buy every 15-20 minutes30 Sep 2019 15:18
Dilution isnt built in that will happen when the finance is sorted and until then this is now nothing more than a gamble so trade the hell out of the swings in an attempt to gain shares and minimise losses.
The shorts wont close till they grind this down further why should they the company is financially crippled unless someone gives them money , they literally are at the mercy of a ruthless bond market who will squeeze every penny out of it.
Interesting debate going on ...it wont shock me to see GKP have messed this and incorrectly calculated the dividend without excluding the buyback shares.....clarity would be nice on this plus a hundred other things that we all only too well know so good work highlighting it guys.
On another note what the hell is going on with the share price...dividends payments , share buy back, inminemet production increase along with stable payments and yet it's still on its knees.