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Make short selling shares illegal in the UK, like Germany and others.
Short selling of stocks in the UK causes instability in companies share prices. In many cases £millions can be wiped off the value of a company by coordinated groups of short sellers spreading misinformation and rumours, causing investors to panic and sell their stock.
How on earth can some other company loan out something you own without your consent and the company or person who has borrowed it use it to influence the market in the opposite direction with the massive percentages of shares they are able to borrow and not own outright? Its fraudulent and corrupt, legal theft authorised by the government and needs to be banned and stopped.
Click this link to sign the petition:
https://petition.parliament.uk/petitions/657294/sponsors/new?token=EMIgM07k9Zj3akpbgXJc
Make short selling shares illegal in the UK, like Germany and others.
Short selling of stocks in the UK causes instability in companies share prices. In many cases £millions can be wiped off the value of a company by coordinated groups of short sellers spreading misinformation and rumours, causing investors to panic and sell their stock.
How on earth can some other company loan out something you own without your consent and the company or person who has borrowed it use it to influence the market in the opposite direction with the massive percentages of shares they are able to borrow and not own outright? Its fraudulent and corrupt, legal theft authorised by the government and needs to be banned and stopped.
Click this link to sign the petition:
https://petition.parliament.uk/petitions/657294/sponsors/new?token=EMIgM07k9Zj3akpbgXJc
Make short selling shares illegal in the UK, like Germany and others.
Short selling of stocks in the UK causes instability in companies share prices. In many cases £millions can be wiped off the value of a company by coordinated groups of short sellers spreading misinformation and rumours, causing investors to panic and sell their stock.
How on earth can some other company loan out something you own without your consent and the company or person who has borrowed it use it to influence the market in the opposite direction with the massive percentages of shares they are able to borrow and not own outright? Its fraudulent and corrupt, legal theft authorised by the government and needs to be banned and stopped.
Click this link to sign the petition:
https://petition.parliament.uk/petitions/657294/sponsors/new?token=EMIgM07k9Zj3akpbgXJc
Make short selling shares illegal in the UK, like Germany and others.
Short selling of stocks in the UK causes instability in companies share prices. In many cases £millions can be wiped off the value of a company by coordinated groups of short sellers spreading misinformation and rumours, causing investors to panic and sell their stock.
How on earth can some other company loan out something you own without your consent and the company or person who has borrowed it use it to influence the market in the opposite direction with the massive percentages of shares they are able to borrow and not own outright? Its fraudulent and corrupt, legal theft authorised by the government and needs to be banned and stopped.
Click this link to sign the petition:
https://petition.parliament.uk/petitions/657294/sponsors/new?token=EMIgM07k9Zj3akpbgXJc
Https://petition.parliament.uk/archived/petitions/62851
Needs a new petition
Bit of a risky game though, I’ve not really paid much attention to how they could collude before.
Say a institution owns and lends out £100m of shares to shorts that are sold for £100m.
The shares then fall 50%, the same number of share are bought back for £50m
The institution is down £50m and the shorts are up £50m, so the value of the shares (£50m) plus the shorts profit (£50m) still equals £100m. It would work if the proceeds are pumped back in to buy a much greater number of shares to push the price north so the initial £100m has now grown and the shorts give the institution a proportion of the increase.
The current world wide economy/interest rates/wars etc has depressed a lot of uk shares which I suppose makes the share price easier to manipulate with ranges as sentiment is on its backside.
I really thought at the start of the year this would keep rising with the interest rate cut sentiment etc. but that cans been kicked down into the bushes. Most of us on this board are long and deserve to make a decent profit after the crap 18 months of share price decline. It’s not nice being down after investing hard earned cash. Just have to wait a little longer..
Abstract below is from March 2023 results prior to ownership increasing to 100%. Will be interesting to see what is stated on March 6th. Literally been no mention of Kenya from the company for a while. I received a return email from Investor relations a few week ago stating the current FDP includes the pipeline only and not a refinery as suggested by Ruto via media comments!
KENYA
“Engagements to secure a strategic partner for the development project in Kenya are ongoing.
In March 2023, Tullow and its JV Partners submitted an updated Field Development Plan to the Ministry of Energy and Petroleum and the Energy and Petroleum Regulatory Commission Authority, for their approval. This is currently under review by the relevant authorities.
Kenya continues to remain an important asset in Tullow's development portfolio, with the potential to add material reserves and create value for shareholders.”
Those investment figures will not go far at all, also is it referring only to property energy consumption or vehicles as well.. property consumption in sunny Kenya is more feasible through solar and battery storage etc but vehicles is a different matter, humans lives are too busy to sit and wait for a charge mid journey etc.. Electric Vehicles sales are stalling, Hertz vehicle rental is selling one third of its EV stock and reinvesting the funds into fossil fuel vehicles, General Motors announced they are scaling back EV production and concentrating on hybrids instead. I work in the electricity distribution industry within the UK and you would be surprised how many smaller scale gas turbine electricity generation sites are being constructed and connected to the grid by privately funded companies, gas costs per kWh circa one quarter of the price of 1 kWh of electricity. So there is a healthy profit for the generation companies after burning the gas (fossil fuel) and converting it to electricity. Kenya is not really a developed country so to support any significant growth in towns and city’s, they are going to need fossil fuels to meet any significant growth in demand. In the UK there is also privately owned battery storage sites where electricity is bought cheaper off peak and sold back to the grid at a higher price at peak times of the day. You will not get built up developed countries fully green. Fossil fuels will be needed for many more decades, and if Kenya does decide to concentrate on green for domestic use, it doesn’t stop them exporting any oil extracted to fund developing their nation through the tax revenues generated.
Kenya RNS would be worth far more to Tullow than the Wintershall Dea was to Harbour, Harbour has to purchase the wintershall dea asserts after approval via share allocations etc… we already own Turkana. Completely different situation..
Roald Goathe likely to be just as frustrated as many of us longs, sold his Tullow bonds below par on last buy back, put the proceeds in Tullow shares only for the bonds to rise further and Shares to fall a fair amount..
hopefully some news on the tax issue soon and not drag on too long.. you would think a few good lawyers and accountants should come up with the correct figures in a reasonable timeframe!
Anton I was thinking similar, The share price doesn’t seem to react to broker upgrades, and I can’t understand the hold Jeffries has on this share either, coordinated attack likely… A lot of oilers have been performing poor over the past few months. Inflation, interest rates, cost of living, bond prices, it’s all stacked against us. The world is a dangerous place right now with wars etc which is dragging on sentiment of certain sectors. Even with all this Tullow is undervalued regardless.