Morning Guys6 Mar 2019 03:28
Wish I hadn"t looked in and seen the 5m sell last night, busy mind = no sleep, but was just checking out the latest news about City Financial and we are certainly far from alone. City also divested their entire stake in Rose Petroleum on the same day, Monday 4th as per this article in the Morning Star..........................
City Financial Investment Divests Entire Rose Petroleum Stake (ALLISS) LONDON (Alliance News) - Rose Petroleum PLC on Tuesday said that City Financial Investment Co Ltd ...
Alliance News5 March, 2019 | 6:16PMEmail Form
LONDON (Alliance News) - Rose Petroleum PLC on Tuesday said that City Financial Investment Co Ltd divested its entire stake in the company.
In a deal completed on Tuesday, City Financial sold its 13.25% holding in Rose taking it to 0%.
Rose Petroleum shares closed up 8.8% at 1.55 pence each.
""Just at first glance their shares also dipped badly on Monday, but a string of buying caused that bounce. Having spent 20 years ind debt recovery and insolvency up in Liverpool until nine years ago, I was just surprised how quickly the administrators moved on this, was never an expert in U.S.A. Insolvency Act, just perhaps what we call receivership is what they call administration, but fully expecting to see a corresponding trade today, in what i hope will be an orderly departure in the weeks to come. What i am sure of is it will prove to be an interesting ride, and wouldn"t it be something if the triage of BioNTech, Genentech and Roche picked up the stake, and the manner in which we fell to 6p was i would say pre determined Monday morning, executed at lunch time and picked up quite a few sells on the way down, it was after that trade that we rallied and saw the buying, the 200k buy yesterday at 6.3 lifted some spirits too, and sets up what will be an interesting week. My first feeling Monday seeing that fall, was oh crap Placing ahoy, my thoughts now are it is not everyday over 5% of the company is up for grabs and wouldn"t it be something if our triage took them up and then some more in a new share issue?? Wishful thinking? Maybe not.
Off out for lunch today on a first date, their is life in this bugger still. And she lives in my block, !!! Makes chicken soup too!! Everything happens for a reason, hoping Citys demise is just one catalyst for us.
Catch yers in morning, better get ready, lol.