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See todays rns.Lehman do not hold 6% as had been feared.The confusion has been that due to so many Ttraders with open positioons that have needed to sell and wait to buy fresh t20s to last untill the offer date.They had been told that once they had voted they could no longer sell or roll their shares.It would have been chaos with everybody juggling and buying/rolling at the last minute and then pledging theirT shares.there is now a special trading facillity to allow rolling or even sellnig of assented shares so nobody has any reason to wait till the last minute to pledge.Im sorry moneyman but your theory on this 1 has been blown out of the water by black and white rns this morning.A T20 trade tomorrow would be due 20th Jan so I expect to see the hot money that left piling back in.
Holdings notice after close last night.It was an increase of 2m shares taking them to 3%
Absoloutly no problem as you are correct.I had tried to explain trades in simple terms and not to confuse.
plenty of buys today at 725 even 780 perhaps yu oughtbto sell and give us all a break.
You only learn by asking. Spreadis the difference in the bid and the ask [sell/buy price] Now 7/725 following a 100k buy. 7 being showwn for 10 mins now only 1 taker
Why dont you go back on the thread and read the explaination on the trading yesterday.There was no unfairnes the large trades were sells.For every buy there is a sell mms balaance their books daily !See detailed explaination 1 or 2 pages back in chat !Its also not dropping like a stone,the ask is 7.24 and when /if volumes pick up the spread will tighten.
I would suspect in a rising market that many short positions have closed [by buying back] but as stock was tight and often not avaiable there are still short holders who will be wanting to close that will push the sp further north.Tomorrow the nos will be out and evrything else will be history we will see how they have fared and how much cash they now have and what todays nav is.If it is as good as hoped we can rise to dizzy heights.I do not believe there has been any manipulation as there was hardly ever any stock on the book when I phoned and the huge trades were more than likely the distressed seller.GL to all and if nos are as good as we hope I shall be holding out for considerably more.
I heard about this stock in a fast moving market and a few points grabbed my eye,such as the company is apparently holding cash equivelant to 10p ps and has a nav of 100 with no debt.I must admit I bought before researching at 5.5 which is looking very rosy and topped up with gut feeling at 675 the next morning when my top up order was not filled at 6.I follow the thread on a busier site where long term holders hold UCP.They have claimed that like many stocks a forced seller is in the market and there is an overhang,He sold as many as he could all the way down to 3.5.Luck would have it for him that we are here and posters that follow L2 claimed today that he had a mass of sell orders on the books for 7.Large trades above nms[normal market share]are declared an hour later and trade buys or sells are only shown at the end of the day,they used to be marked with a T but are now unmarked.The savvy investor knows when he sees a stock go up or down with no evidence that the trade buy or sell will be shown at close or the large buy or sell will be shown in an hour.For every buy there is a sell and lse only shows buys or sells as a guide but I would suggest that the large trades were in actual fact sells.No matter long term holders are of theopinion that when the seller is finished the stock can advance.Secondly yesterday 20% of UCP stock was out on loan which meant that a lot of traders were holding short positions ,probably they have done well parralel to the forced seller .
It has been a rough ride but now 100% offer in the post.It has to be 90% acccepted apart from that no pitfalls. See rns.Abit of selling after yesterdays panic where a delay had been asked for but not granted.Some lucky folk picked up just above 700 and are taking quick profits.If offer is voted for cash will be in our pockets in 40 days,20 Jan I think.GL.
75.1M profit after tax last year and a market cap of 70m at the moment ! No wonder its 5th on the gainers list.Certainly appears a no brainer !
Sorry GedW is correct as usual !!! LOL No edit facility here !!
did I not read properly DYOR
I too bought on the back of the numbers. Logged in twice and could n post,so you beat me to it again.Never mind great minds think alike ,hope you are well !
Nice to see you around ,hope you are well.Very nostalgic as all those years ago we spotted this 1 within a second of each other ,those were the days EH ??????????? I have posted my thoughts over on tmc, [which of course equally apply to enk] exciting times ahead me thinks !!! Ipost a strong buy becaue they are ridiculously cheap and 1 day tomorrow or at some point in the future I think they willl be worth multiples of todays sp. Good luck!!
As all resource mining and oil stocks have been hit as investors worry if projects are viable and we all know that many are severely under valued,TMC screams I will survive.With the plant funded and a guarantee of all materials being sold at market prices and no shipping costs! This company will survive and although a profit margins will be narrower with cheap nickel prices at the moment at this ridiculous price surely its worth a savvy investor tucking a few away.Just look at the price before nickel fell,[and the CHinese will still be taking it all ,orders for tmc have not decreased]I believe also that enk paid £2.00 per share in March or April,who knows perhaps they would like a larger slice of the pie,or if the Chinese are so nickel hungry or indeed bilton who knows what may happen here?????????
consensus seems to be cautiously optimistic.Any fears about eel not relisting have been allayed as a few had worried that the debt deadline would become due before we had funds. That is a big plus,also the debt has been lowered considerably.It does appear from the rns that there is more news to come hopefully before relisting and that perhaps all the ducks are in a row for a successfull outcome.
hold was supposed to be funny but its not !
Although the Peak money has already been written off it stands to reason it will go down without it.There is a possibility that we could get less cash and a larger share [which some long term holders are hoping for and upon market misunderstanding will be waiting to buy any dips that occur] Also an announcement that drilling is about to commence is seriously possible..Let us hope that we dont relist untill we have good news and hope that the news will come in digestible peices before we relist as it could be complicated and it will be important to evaluate correctly.As you say we could go down on no news but we could also multi bag on the right news.
As I understand the situation ,the accountancz problems have been resolved but the are now putting the finals together which takes longer ......hmmmm.Last year I believe they reported 14.10.07.Meanwhile there has been some progress with peak but nothing to report yet.There has been some upheaval in the licensing laws in Nigeria which did not effect eel but has delayed the bg farm in.I believe that while waiting for the finals if anything is materially significant they will have report to the market.News of rig being on order for the EEZ is positive.Keep your chins up guys more positive than negativeand a lot of confidence in Peter Rand.
for relevant background news follow/research bloomberg news.Type into search box mitsubishi lng or mitsubishi peak. I did actually see an article yesterday that stipulated bilbari but have been unable to find today.