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Sell orders around the 55 mark possibly?
Shorters borrow shares to sell and buy back cheaper later to return to the broker, they don't own the shares.
Why would ARCM sell shares below market value on Wednesday when they still need to return the original shares they shorted plus a lot more to the company who's shares they shorted?
The market was well aware of these extra shares being issued but seen the deal as a positive and the share price increased, had the serious traders, fund managers, bankers etc been worried about these extra shares being issued then no doubt Friday’s gains wouldn’t have happened.
Yes there will now be an extra 82 million Premier Oil shares in circulation but Premier Oil will have more assets so no reason why the current shareS should lose value.
It wouldn’t surprise me if ARCM had already slowly started to close their position regards Premier!
Who else topped up?
Flipnfil i’ll be the first to admit I know little about futures but surely they would be paying the share owner some sort of fee for use of the shares or have A settlement date to return the shares by?
Basically borrowed a huge chunk of shares valued about 75p each at the time for a fee and sold them hoping the price will fall which it did.
They now need to buy back enough shares to give back, the lower they buy these shares back at the bigger their profit.
Ideally they want the share price at zero!
Difference in buying and selling prices
Stamp duty if any
Commision
Exchange rates
Its not really risen that much with recent oil price gains so no reason why it should have dropped much when oil fell a bit.
If the break even point is 35 then I doubt that covers the dividend, the dividend surely comes out of profits or debt in the current circumstances.
35 is break even not profit to pay a dividend!
Im in for about 25k, bought for various prices from 25-33.
Its a tough share to predict krakenoil.
A bit of a drop but not to bothered as I’m looking a year or two into the future with this one.
Theres no benefit to it, its just diluting the value of your existing shares.
BP stopped dividends in 2010 and pretty much got back to its previous share price.
We probably need some good news first, big jump in crude, positive quarterly report.
You’ve only got to go in my local Tesco Extra to see why its failing, it was a great shop 10 years ago then they turned half the floor space into clothes and mobil phones.
The food area is crammed with less choice than before and things are constantly moved about so you can never find what you need.
Tesco just seem badly run to me.
Dividend or no dividend the share price will go up if the company performance merits it.
If shell are generating billions per year in profits and not paying massive dividends then the share price should go north as the company will be worth more.
For
Dividends are a share of the profits, you don't have a quarter like RDSB just had and give billions away anyway just to keep a few dividend income shareholders happy.
I would just hold them rather than sell because their going ex div but thats me.
Worked right through it, I was hoping they might have redundancies in the next 18 months but it seems to be booming where I am, no chance of Furlough.
Once my youngest finishes uni, i’m off to the canaries, hopefully for good.
Its frustrating to watch, I cant understand who or what could be doing it though and why?