Member Info for H-hi

Most substantial shorts have been covered, ok-ish Director buys, Ofgem has been told it got the cap wrong, Corbyn to retire once labour seats collapse, Boris to replace the socialists in Ofgem, Conn to be replaced by someone with a better IQ and business sense.............SP should rise if MMs allows it.

A full exit makes sense but an Indian billionaire is the target buyer. Brookfield guys are smart and won’t want to waste money in India as they turn hard earned dollars into useless rupees.

If no offer rumours circulate then the assets are pure toxic stuff. PMO is a lot safer as it’s major assets are not in Africa! Who really wants to buy African assets which would be hard to finance plus political nightmare except..........May be a Chinese / African company but they all want to buy tech, tech, tech!

30p is a great entry point with less than 5% of portfolio. Don’t go all in as bondholders will continue shorting to hedge any haircuts.

The value is in the juicy high yield bonds not in the worthless shares. You need to buy TLW bond then sell short the shares......simple trade for smart folks.

Easy loading up here, this thing needs another RNS about the new management team. Trust me the guys would throw the baby out with the bath water. You can buy here from sub 40p but why not wait.

Debt still huge and refinancing will be tougher!

This will fall at least 30% - 50% more as MMs try to flush out fresh buyers who go in hard & leveraged up with no spare cash.

The more pi’s buy in here, the further this has to plunge. MMs and hedgies are out to clear you out. Had a nice trade on virgin money once pi’s stopped chatting about the sp.

Stop quoting BS, buy the bonds if you think they will pay up / refinance easily. The shares are worthless, that’s why they plunged 60% even though oil has been rising.

Buy the company bonds not the shares as it could be worthless.

I just don’t like any small oil company doing business in Africa.......it is plain dodgy! I would buy here but not above 20p. Rights issue coming soon!

standard practice, buy company’s bonds - short the shares. Debt for equity or cash call is the way to go for PMO before 2021. Bond market is tight for small oil companies with no green credentials, banks are being pressured to stop loaning oil companies too.

Toff,

Do you think MMs are bad because they prefer to make money by pushing SP down? In America, they do the opposite. American shares get pumped and pumped before falling back to earth. In the U.K, the MMs push it down, down before allowing it to trade at fair value. I prefer the American market but the U.K will change to that model soon.

Ramazoti,

You mean 1.12p!

Verizon money paid out juicy divis, bonuses, LTIPs, pension, benefit in kind, some debt......and wow! That money could have been used for european acquisitions or for a tech fund.

Vodafone India should have been sold to the Jio billionaire. I don’t know how they expect to compete with an influential Indian billionaire in India. The writings were on the wall, free data and calls then back taxes / spectrum charges.....what next?

Toff,

You are right about MMs being vampires but the U.K market is juicy compared to U.S.A where CFDs / spreadbets are banned for retail traders. German retail traders are tough / cautious unlike dumb U.K investors who plough money into WOODFORD. MMs set the price not demand/supply but you can change that by placing a huge buy order........that is the only way to know the true value. If 500 million shares gets filled below 100p then you know CNA is not worth much more. I am sure you don’t have £500 million pounds, the MMs are doing a great job trying to make money........simples!

Toff,

Stop wasting your time, no fraud or manipulation here. Just plain trading of a share that has not been defended by the company. Blame Conn but don’t waste your time with MMs.
If you really want to do something, get a £500 million loan and use it to place an order to buy 625 million shares at 80p......if it gets filled then you should be worried.

Very sad indeed, just can’t perform in line with FTSE 100 or Stoxx 600. No point buying individual shares anymore once I get out of this......ETFs are the future of trading and investing. I was hoping for strong 2019 finish and then some gains in 2020.