Member Info for Flanks

Reading RNS' are always a good start.

The broker rating today doesn't really help, as putting a hold with a supposed 30% upside tends to be viewed skeptically.

Hi all, freely admit I am new to this forum and pretty much only took notice because of the news yesterday. Whether this is cheap or not is an interesting discussion, not least because the long term trend on this company is down and has been for many years. On the basis of H1 results, which while showing increased profitability also show a diminished cashflow, forced to conclude that this will be a clear long term short for the next few months. Oil prices will probably remain depressed, but not fall, for several months, which will make full year results quite poor. The SONA deal will primarily be beneficial for operating cash reasons, and if gearing does manage to drop then the 2-3year prospects may be quite good. However, it will have to go some to beat the 5year trend, it will certainly need the price of oil to rally pretty hard.

His appointment was far from unnoticed, believe me.

Could go either way. But for what it is worth I dont plan to top up until news.

Nope. When a deal is announced the funding arrangement will put a bottom on the sp. Could be tomorrow, could be in 2 months.

Still very much here, just nothing to say until we get something more concrete.

Still here :) As you say, nothing to do until there is news!

Their investment strategy is in the rns page.

If it stays below 0.5 for another month or so I will probably increase here.

Seconded!

Nay problem mate, appreciate.the response. The good news is due, so hopefully we do turn it!

It closed 0.45 on Friday.

Someone shed 1.3mil shares, which is nearly 3xems. So they used either more than 1 MM or a MM below the bid for the trade, which is what you see on google.

I find it extremelt interesting that a stock such as this has such a size bet on it at all.

OK, with some help I have understood the RNS. Basically it is a CFD position, someone has purchased 500k shares and agreed a price at which they could acquire 28mil more. They are under no obgligation to buy the shares at that price, but such positions must be declared in a Holdings RNS.

As i understand it only 500k have been purchased. Going to ask someone else about this rns, as I dont recall ever seeing one like it.

How do we look here now? Feels to me like we are due an up after reversing a dip below 2p.

Just ignore him. Giving him even that response invites him to come back again as he did last time.

If she kills you, can I have your shares?