The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It’s nothing to do with leaky news. This isn’t a 6 million Mcap company that puts news out to cause fluctuations. It’s pure market manipulation, the price is being driven down to create impatience, that impatience leads to frustration, leading to people selling which in turn leads to a depreciated share price.
A simple RNS from the board would likely solve this, ‘the company knows of no reason for the 30% decrease in the share price. Reiterates the forward plan and liquidity and possibly a drilling update and production update’ end off, case closed… calm is restored.
Unfortunately whoever is causing the drop knows the BoD can’t be arsed
Point being that they should… what with it being their actual job!
Honestly I’m struggling to understand the mentality of ‘we don’t care if the share price goes down’… it’s strange but we’ll agree to disagree on that one.
Anton, give it a rest… a BoD should only be concerned with share price appreciation to bring value to share holders both short and long term. It’s actually the whole point of the market.
If Tullow were to IPO today with the tag line ‘not concerned with short term share price movements of -33%’ would you honestly think they would get a successful IPO.
Sorry but we only have a handful of producing assets and we employ technical experts to manage those. The BoD are decision makers on very few decisions and should be allocating more time to champion the company
Another penny knocked off the share price in the face of rising Brent prices. YAWN
This shares become nothing but a vehicle to transfer wealth from the majority to the minority. The BOD are doing nothing to even acknowledge it and with that I’ll be out once I reach breakeven. Unfortunately I don’t have infinite patience unlike whoever giving this share death by a thousand cuts
I’d like to see a phased development. Why don’t they bring in a 3rd party to build the pipeline and pay a tariff to the operator. Once the pipeline is payed this should be a cheap as chips onshore field, wells should be cheap, facilities can be phased ect.
Crazy to not get this developed imo
I actually think Tullow owning the pipeline would be a good move. Opens up the basin to additional oil plays that would have to transport their production via the Tullow pipeline. Brings back memories of BP and the forties pipeline, for many decades the forties commission was the most profitable part of BP NS business
Honestly, there is no games or winks or elephants here. 88e should be banned from AIM, the company pumps its own share prices gets a few placing a away and then goes quiet for a few years. I got burnt on the ice wing well back in 2016. The company was spewing nonsense about how it was going to be the biggest field ever discovered and then dropped an rns with some measly 20 barrel flow test. I’ve got no doubt this will be back up at 4-5p at some point but remember, when the board is full of tampers talking about multi billion pound takeovers... it’s usually time to take the money and run. GLA and I genuinely hope this comes good