Member Info for GreenKitty

To provide context when they did the shares consolidation back on 26th Jan 2016, that's when I ended up automatically with much higher SP sitting at 187.96. Still holding my £13k, which is not a lot to some investors , but only invest in what you can afford to loose right ? .

I took a hit, a nasty loss on oil today, so keen to keep a positive eye for other shares in my portfolio. Hence just pop back in now and then to see what's happening , waiting for the day this share will at least break even in my case .

Well done if you got in at a much lower price

GLA

Not deramping as I'm holding still, but unless we get that official RNS next week, unlikely we will see past the £2.00 Mark? (IMO) .

Recent positive News articles posted in the market , do not seem to be impacting the share price to rocket past £2 as I was hoping for. I'm worried this is another peak due to sentiment like earlier this year , SP went up, touched £2, then crashed back down .

Fingers crossed next week we can break that £2 barrier so I can make some tiny blue profit after years of holding this share.

Good luck all !

I'm totally out now, trades finally went through at 23.13. With a loss of slightly over £15k.

Im still kicking myself for not taking profit when we hit 53p woukdve made 31k profit , then again on monday this week could've taken £4k profit.

Lesson learnt - take profits no matter how much it may be !!

Now have to find another share to claw back money on and make decent profit before Q3 next year school fees due .

Good luck all !

Halifax iweb still have both of my sell orders active, means can't even sell my shares at all right now :(.

I hope it can go through before we hit 23p.

GLA

Realistic guesses please ? . So if i'm holding at 27p in my isa and second batch 35p in normal trading account, already at a loss due to yesterday's 25% drop. Definitely can't afford to take up new shares now.

What realistically do we believe the share price will be ball park after dilution ? . I saw lots of end of day buys in blue yesterday so waiting to see if it opens today at 26p?

Good luck all !

I'm in the same boat holding at 225, will take the RI shares to average down , then hold until next year and see where it goes.

I can't watch daily as it is painful to see losses , better to not get emotionally attached to any share., but praying that the world will eventually go back to normal post covid in 2 years, and we may see £3.00 per share?

Good luck all !

Apologies I may get yelled at but I'm playing catch up as I don't check this share too often . I've been holding for years , since they did a consolidation and made my average rocker to over 185.

I missed out selling on the last rally earlier this year when it hit a high, so I've been stuck in again for months .

I can't see any official RNS so why the sudden increase ? And why do people think it's going to stay above £2 next week ? .

No deramping , just an honest question.

Good luck all !

Kicking myself for not cashing out on Monday, would've made small profit on batch at 27p, and just broke even on 35p batch . Now I'm down £12k . Hoping next week we bounce back to 27p at least , to get some money out .

Maybe wishful thinking we will see 35p later by next year ? . So I'll have to hold long, can't pull out at a loss but as long as I can get out before Q3 next year at break even 35p when kids school fees are due.

Good luck all !

Might be a strange question but I can't find a simple straight answer online ...

So if you have already maxed out your annual ISA £20k allowance on PMO shares for example , then with the RI issue comes along....

Even if they offered new shares at an example of 17p instead of current 35p now , how can I actually take up the new shares offered if uk gov say annual maximum investment is only £20k? .

Open to hear solution / ideas ? . My gut instinct is saying if i cant buy more RI shares on offer via ISA account , might aswell take small £4k profit from current ISA holding at 27p, then jump back in later once dilution has stabilised ? ISA Halifax already confirmed as if I sell PMO and as long as I don't take money out of ISA I can reinvest same money again £20k +profits

GLA !

Has anyone heard confirmation that the refinancing issue has been resolved yet? . It's now mid August and they should have finalised that at the end of July, that would help the SP jump up a bit .

In my opinion only -
This share they never post any decent RNS updates for shareholders , kept in the dark whole SP is all over the place .

Im just holding back some money for when they drop the bomb to raise cash next month , to pay for the BP deal which needs to be concluded by end of September , so not that far away , so not point jumping on for more shares now , which would make my average go up.

Playing catch up and looking at RNS is posted today ..it says 12.5p per share .

Apologies if I am sounding totally ignorant , but usually I get an alert from Halifax my share dealing account, asking me how much I want to buy ie take up the offer of reduced shares

Have I mis read the RNS? Are they not going ahead and offering current shareholders new shares to raise capital? .

Only asking for clarification as I was holding back some money for RI issue or wait and plough more back in to top up , as my highest batch was at 35p.

No point buying more now , if I get more via 12.5p offer ?

Open to hear thoughts when does anyone think I can get my hands on the cheaper shares ?

GLA!

It was on the news all of this morning and lunch time, ITV and BBC , since there is so much coverage on Spain. Also see newspaper article the Telegraph , which is also readable online . Reporting that if cases continue to increase in France and Germany, then the uk government will take same swift action to re impose quarantine.

Of course I'm not wishing for it , but these bridges were always subject to monitoring review from Boris hence unpredictable for flights and holiday makers .

Not deramping I'm holding at 225, even tempted to buy more today , but after the whole Spain sudden quarantine saga, now other European countries France/ Spain and Italy are all in scope of the risk of immediate quarantine who wants to fly? .

Initially was hoping for a steady rise on SP with recent news with cards and also lay offs to slow down hemorraging operating costs.

In my opinion more to drop on this SP before we start seeing a steady rise. I'll just hold for medium term Q1 next year. This SP is now about as volatile as my oil shares . Too volatile based upon ever changing knee jerk news and how the general public act can't be predicted. Good luck all !

@ SK - "I still think the BP assets buy will be cancelled or put off." IMO Legally I believe they have to sign the legal contracts by end of September deadline and hand over the cash etc. So the purchase may be delayed if contracts can't be agreed in time. I don't think there is any reason to cancel the buy , unless if the slim chance of the the loan finance topic really goes pear shaped ( that was due to be completed and agreed by end of July ) . They should be able to extend the debt next week. IF for some catastrophic reason the debt extension is not approved next week/ to be extended, wow then red flags will be definitely going off and we all are in trouble no matter how much oil price rises, we will drown in debt? . GLA !

No intention of de-ramping but I have just seen an article from Motley Fool extract below . Yes this share is highly risky I know, and watching next week to see whether I can get out at 45P now, on the safe side before the RI issue is active.

Open to hear constructive comments if there is any chance of actual Bankruptcy ?

https://www.fool.co.uk/investing/2020/07/23/premier-oil-shares-is-it-time-to-buy-or-sell/

"Is the Premier Oil share price too cheap to ignore?
Premier Oil shares are down around 60% this year, with key metrics proving it’s a significantly undervalued stock. For example, it has a current price-to-earnings ratio of 2.7 and a price-to-book ratio of just 0.4.

But I’d take both of these values with a pinch of salt. Firstly, earnings should drastically decrease over the next few years, and this means that the current price-to-earnings ratio is not an accurate representation. The price-to-book ratio also doesn’t take into account the fact that many of the assets on the balance sheet are also overvalued.

In this respect, I believe that Premier Oil shares are too risky. While there is significant potential upside, bankruptcy is also a genuine worry. This would leave shareholders with nothing. "

Really appreciate the context . I am still stuck in SOLG for last few years, hence can't afford another long term share to be stuck in. Also had bad luck with Petra diamonds share - that is a write off for me now, hence trying to research and claw back in different shares while I have more free time. My oil shares are the only ones doing well right now thank goodness.

GLA !

I did not mean to offend anyone. Out of a job and just trying to earn some extra money. Usually I hold shares mid term and take profit where I can. I cashed out on an airline share this morning quick profits, and was just trying to research something else to have a fairly quick turnaround within few weeks to keep something coming in.

I have just dipped into this for research, as I saw this is a sudden fast riser almost 20% up, news is due end of July. Asking longer term holders here is this a fluke? Read the RNS but these types of shares can be easily manipulated by MM on daily basis.

Open to hear opinions whether this has anymore milage left until end of July - Early August , or as I see by charts this is not a usual increase.

There were so many sales orders after close today , there was a big UT sell order worth 1 million .

Let's see what happens this week, I'm hoping I see 50+p again . Was very nervous last week seeing this share price crash down to 40's, kicking myself for not selling on the high , greed is a bad habit for a novice investor like me !

Good luck all !

No news of official takeover buy out , or have I missed a RNS? . If their debt has been extended to September, oil pricing is establish in 40's, a d they are making money for oil, why the need for a takeover? Restricting may mean firing or organising at a top level ?

Contingency planning - if a takeover were to take place . My hope is that they would buy out my shares for at least 50p? , then PMO name wouldn't exist later but operations still continue with new buyer.

Is my assumption above accurate how take over a proceed? Open to hear thoughts.