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When a listing makes a dividend payment it’s very common for the SP fall by a similar amount. But is this a dividend or a return of capital ? Return of capital will be deducted from the Market Cap & again the SP should reduce to reflect this. I note from the RNS, ‘dividend dates’ which may imply that the amount involved will be divided into multiple payments. I’m surprised that the Market Cap did not increase more upon receipt of the payment. It will be interesting to see how this transpires.

All following Oil back up. Index’s DJ, S&P 500, FT100, have they bottomed ?

The share price has nothing to do with Rahul. He doesn’t manage the listing. But if anyone wants to sell & help close Shorts I’m sure the profit will be appreciated. So is Oil demand falling through the floor ? A pause in rate rises tomorrow or just a 0.25 increase by the Fed, just might help markets recover, we will see.

Looks like TLW is still in the FT250, just

Plummeting again & will the Dog follow….

Hi Anton, I appreciate that you originally highlighting this. Well spotted. Only what I have previously stated.

TLW & HBR a UT for both at 10:15, sweet

TLW up 6.41%
HBR up 5.96%
WTI up 0.75%
Brent up 0.71%

Hi Starboard, I did post a reply, not just one Algo. All Industry participants use Algo’s to manage their Long / Short positions & work in concert. The Algo’s are programmed to track Oil & work off each other, as the trades are conducted during the day & values calculated. There is a structure of participants & order matching systems involved. On book, off Book etc. Apart from the odd PI trades that you see, all others are this.

Hi Anton, price managed by the same firms. TLW’s pricing Algo is tracking OIL, which unfortunately is continuing down.

Hi Anton, The volatility has already started with a second Flush yesterday to 30.18 & today at 31.00. This might be as low as TLW goes. However the markets are currently spooked by SVB bank, but that shouldn’t cause another 2008. I use this site for RNS & holdings data. With that I can see if a firm is accumulating stock via equity swaps etc. In general the markets especially the UK were heavily Shorted before Christmas, with a good portion closed so far. But a pullback might be in the cards, markets are fluid & the goal posts constantly changing. Even for the guys running the show.

Starboard hi, I only Trade. I trade on the mechanics, mechanics that generate the graph’s, how the Industry are managing the listing & the maths involved. The Co details are largely relevant to me unless there is dilution.

If I was to explain all aspects I would be posing A4 sheets for days & the majority here are not interested in the back room office & how the Industry works.

The next Week is going to be very volatile & the reasons are nothing to do with Tullow or Ghana.

Oil usually trades in a channel with an upward bias before taking another leg down. If this occurs, next leg down for TLW is 30p. Good to see Order-Flow-Volume has increased which is what this is all about. If it can’t be induced on the way up, Shorting always works. Sorry to mention Trading on this bb.

Is down because China imports are below expectations & the Fed might raise interest rates by 0.50% twice more, to cool the US economy.

Bid 33.60 Ask 34.64 unusually wide for TLW

The Market will always test you by doing what you don’t expect & whatever it is, Red or Black, the House always wins. Because our adversary can go Long & Short.

Starboard hi, look at a 1 year graph. If buying & selling were equal the SP would be at 60p. Yesterdays Volume at 13:15, 656,522, which is peanuts. Unfortunately there was no serious attempt to move the SP up. Even with Oil where it is. I’m disappointed with this but PI’s are just not buying. As the Plasterer correctly states, previously the stock rose ‘to’ the results. Not a great deal of time left for a big rally. Is WTI set to rise above $80 or is this the peak & a pullback due ? We will find out next Week.

Re Algo’s, there is a very complex structure sitting in the background of Industry participants, which use Algo’s to manage their positions & in so doing the SP valuation. Bluemoon hi, I was curious about the depth of knowledge re Shorts as I get the impression it’s only the most basic.

Re Shorts, here’s something to ponder:
Professional Industry Shorts are very different from the inferior retail products, which have a Broker on the other side of the contract. So, who lends out the stock ? who borrows the stock ? who sells the stock ? who buys the stock on the way down & if it continues falling how do they avoid losses ? How is the trade completed. Nothing is as simple as it may appear but PI’s on these bb’s only discuss the Company details.

The pullback in Oil today was due to a spat between the UAE & OPEC. UAE saying in might pull out. If that continues next Week expect a rough ride, as TLWs price control Algo with seize the opportunity to drop the SP.

In the US the Industry chase stocks up, with PI’s in front to take money off. In fairness the PI participation dwarfs the UK. The UK method is more focused on Shorting. TLW & ENQs graphs are prime examples.

There’s more stock being lent for Shorting than being used to go Long. Common stock DIY Retail Investors on this bb are in the minority, when it comes to SP influence. Next Week will be 50 /50. Dependant on results, there might be a good bounce or the spread between TLW & ENQ will narrow to the downside. However the Industry want to play it & is most profitable for them. As other stocks are currently rising by 4% a day, the Industry are playing Hardball with this one. Probably due to the lack of PI Trader participation. Is it a ruse or a sign of things to come ?

If attempting trading illiquid stocks make a note of the Spread. In this case currently 13.64%. The highest I have see this at is 42%. A low value buy at these rates gets the stock noticed, which is the intention. For the Trader, selling volume at the Bid to make a profit is not an easy task. It’s a common practice to hold the Bid at or below the PDC.