The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Fear of losing yet more money on this share is what is driving it down. The volume so far seems to be 12 miilion traded net buys 6m.....now OK that's not real time info, maybe some more sizeable trades to be reported.
But is a total of 0.82% traded that significant? 99% have not moved and shorts closed as recently as yesterday. Why would professional investors close at higher prices than they need to?
It is a gamble. Place your bets and don't risk more than you are prepared to lose. I swore I'd never buy THG again after the debacle of last year - but I'm in again , underwater, just bought more and hoping.
Each to his own I guess.
THGROCKET.....Give it a rest mate, 70+posts in a fortnight ramping away with baseless comments. Let's face it, the thing is a punt - it will get a bid or not, it will be 65p or £5 or any point between. There, that is based on as much inside information as I can muster - which is zero and an exact match with yours.
Its been on a downward path for years - I know to my cost, so an upturn in price would be very very welcome. However its obvious management don't have a grip on costs. Staffing in the UK stores doesn't look right - seemingly hoardes of people mainly talking to each other, no sign of anyone in actual charge. On margins so thin they really can't afford it.
Jemgee..'No, the Shell drill will not be commercial !! That is what i am hearing.'
That sort of comment is quite absurd without some indication of the source - without which it' might as well be your spirit guide, milkman, or just voices in your head.
Trotsky: My English is fine, however when you are wrong its right to admit it - I do - with apologies to you................................... and I have booked my appointment at Specsavers.
Invest Genius - I entirely agree. Extremely low volumes are being traded, with a disproportionate effect on the price.
Today 2 million were sold, 0.1% of the issue - and even that is suspect. My own modest add this morning is still showing as a sell. Fact is 99.9% went nowwhere, those 1,860 million are being held hoping for a good outcome. So no, not shorted - just a few people bottling it over the weekend.
Trotsky - you should have gone to specsavers yourself mate;
'On the flipside, only 1% of the votes cast for Resolution 16 (apart from MSG's) favoured removing the Non-Exce Chairman, Darren Shapland! '
Really? There were 100 million votes FOR re-electing him as a director, agreed. But not at 16, it was 100 million votes FOR removing him which was the same number that rejected the appointment of the MSG nominees.
A message was being sent - as I said, hardly a ringing endorsement.
The board prevailed...or did they? It hardly looks good that the majority of resolutions did not receieve much of an endorsement even allowing for MSG's holding. Clearly they are opportunists but also have highlited failings and complaceny in management. Still - that won't stop the directors rewarding themselves first and the shareholders last - a practice not restricted just to Topps.
Its a genius at work here - 'Its a duster, a shambles and going nowhere only down' blah blah blah
then
lol plonker when I loaded up at 2p.
Fantastic, well done, great call ....so why are you doing the bedwetting when it drops 0.01p?
No, on second thoughts don't answer.
Likewise - hoping for signs tomorrow that they are moving forward. As regards buying own shares - the permission was not granted by that portion of shareholders who are not part of the group of shareholders with a controlling interest. Maybe they want to force a bid to emerge.
Apologies if you've already seen this from last years AGM:
For the purposes of the FCA Listing Rules, the Concert Party (being EPIC, Giles Brand, Deanmor Investments, John Hornby and his PCAs) is a controlling shareholder as a result of it holding 73,515,467 shares (35,564,260 shares, 9,466,919 shares and 28,484,288 shares respectively). Each resolution to re-elect independent non-executive directors (resolutions 5, 7, 8 and 9) have under Listing Rule 9.2.2E been approved by a majority of the votes cast by: (i) the shareholders of the Company as a whole; and (ii) the independent shareholders of the Company, that is, all the shareholders entitled to vote on each resolution excluding the controlling shareholder.
Per the Notice of AGM, the members of the Concert Party were not entitled to vote on the Rule 9 Waiver (Resolution 20). The Board is disappointed in the failure to pass the resolution by a majority of votes cast by the independent shareholders of the Company.
Snoop, Hi and thanks for your deep insights over the last month, all 110 posts saying much the same thing...they've been very ...erm...consistent.
Let me add a little it may help you out.
What's going on is that very small volumes of shares are being traded and the movement is pretty much directionless - that is because the results are awaited. Big field=Big Value= Big rise OR No Gas= Little Value= price fall.
The discovery saw a spike in price, when 50 Million shares were traded, on Friday it was 11 million - note traded, not just sold.
So you'll see that virtually all of the One thousand eight hundred and sixty two million shares in issue - are not being traded but held by people most of whom will be waiting to see :
A) IF Gas is encountered (it has),
then B) If well testing shows it is commercial
and C) What Deltic can do to monetise it.
and D) If that seems like a good enough reason to keep holding
This is called investing and the people are called investors.
Hope this helps.