Member Info for chilting

No evidence or knowledge but a guess could be Woodford selling out ??????

POO turning positive again !!!

That is the point shoestring - selling beds online doesn't work, they need to change their route to market.

The Dreams deal could help them do that, and may make this company investable in a year or so's time but in the meantime apart from the inevitable traders bounce it will just flatline or sink if the cash disapears.

Actually with a new CEO, pushing the product in Dreams and other retailers throughout Europe and forgetting the internet bit could turn this into a profitable company in the long term.

This seems to be the source of concern for POO as we start the week -

https://uk.reuters.com/article/uk-asia-oil-demand/asias-oil-imports-slow-amid-stuttering-economic-growth-idUKKBN1JS0IW

I am not sure that Trump's comments have made much difference so far - the market got a little over exited of Friday so was probably going to fall back a bit anyway.

The real test will come when London gets going.

The funding has been a very logical process with stage 1 from shareholders and stage 2 to come from debt. Thinking about it. it probably wouldn't work any other way.

All will be well if this works and there is absolutely now indication that it won't.

The real risk is if there are substantial construction delays and more money is needed, that would be the time that SXX would have to return to the shareholders for more cash and dilution would raise its ugly head.

I think this does tell us that the Saudi-Russia "cartel" is up and running as demonstrated at last Saturdays meeting but that Trump hasn't got the influence that he thought he had to bounce Saudi into further production increases - this has to be good news for maintaining higher oil prices.

Yes, more Trump lies - its a good job that the market wasn't open !!!

https://uk.reuters.com/article/uk-usa-saudi-trump-oil/saudi-king-said-will-boost-oil-output-if-needed-white-house-idUKKBN1JQ0EX

Here is the actual text of Trump's tweet - the word maybe should I think be noted

"Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference...Prices to high! He has agreed!"

Also is this not part of the same increase that was already agreed by Saudi and Russia last Saturday when they agreed a 1 million increase and added that they would stabilize the market to cover the shortfall from Iran and Venezuela.

Reuters have the same story with a slightly more sceptical view with regards Trump's claims.

https://uk.reuters.com/article/uk-usa-saudi-trump-oil/trump-says-saudi-king-agreed-to-raise-oil-output-by-up-to-2-million-barrels-idUKKBN1JQ0EX

Thank you very much hangs2left - presumably this is the complete next of the Telegraph article?

My own feelings have always been that Woodford and IP had too much invested here just to let things go and that their investment has been a sort of guarantee for smaller investors.

I think this company has a very bright future, the current share price only just covers the assets and cash so I am hopeful that the SP will return to the level it was at before the February update.

No - sorry just read your post.

Current state of play is Marshall Wace on 0.29% and GSA maybe still there on 0.47%

Euroclear gives us a total of 5.91% for all shorts at the end of May.

Observations from earlier in the week certainly indicated that some of the shorts were very active as they have been for most of 2018.

Very good news for a change on Shorts - Marshall Wace are down 0.22% to 0.29%

hydraides

Presumably if you get it right 80-90% of the time then you are a millionaire ????

I am not even sure that they are people Kraken - I think it is just a bloody computer program throwing up the trades with POO programmed in as the main market factor and they crank it up when there is an RNS.

I greatly admire AB's long term strategy - the whole country, business, politicians and individuals are far too interested in short term gain at the expense of long term prosperity.

Hello Jan

From Enquest's point of view that is very possible, but Bumi didn't tell the market for two weeks that Armada Olombendo had been signed off and they got heavily slated for it. So I guess they will have to come clean much quicker this time or risk an investigation by the Malay authorities.

I am keeping an eye Investor.com Bumi page - reading the comments there will give you an excellent insight.

klse.i3investor.com/servlets/stk/5210.jsp

.

I think the sign off may still be some way off yet - the production rate is good at around 35k but it is still the same as the January average reported by ENQ.

Until the average improves I think AB will keep Bumi dangling.

Bumi are in quite a precarious position at the moment, so they have to deliver on AK - this pressure can be used by AB to get absolutely 110% from Bumi.

We don't know that yet Dave - it seems that they had little choice but to suspend because they couldn't produce accounts as per AIM rules by the 30th June.

Hopefully Woodford and or IP will provide the funding.