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MM are struggling to put a lid on this. I hope you do your research, but price action alone tells me 20s by the weekend. Not just a spike up over the last week; it is sustained buying, including big chunks from Sabien's two largest holders—a significant factor to digest and a positive for all long-term holders. Don't let these dips like the ones at 13 and 15 shake you out. Ignore the noise. These are still cheap.
Well they tried their best lol - dropping the bid @ 15-16.50 when we are 16.37 trading. MM are caught and short, day traders have taken profits so there is very little stock being given at these levels. Diversity are buyers, RP is keeping his. More buying this week and we are 20+ at a canter.
GLA
No more profit taking. The only way this will go lower is if the MM try and drop the price to buy back their shorts. Unfortunately for them every time they do this a chunky buyer is there just warning them to back off and stop taking the ****
Some very POSITIVE news recently, cash in the bank, a core business underpinning the SP with the very real possibility that CITY OIL is going ahead. Chart reads well too.
Any more buying and the MM will run to the hills.
GLA
The chart tells investors where this is going.
M2G underpinning SP with the likelihood of City Oil going ahead.
There is limited stock to the upside. My advise would be to ignore the wally's getting burnt day trading this stock and just enjoy the move north. This is going to rerate.
GLA
MM are short too after the aggressive buying from the CEO and Diversity.
Like last week, especially Friday, there is not going to be much size offered on the up side. I don't pity any profit takers out lower than the price the two major shareholders were hoovering it up. They will regret that now!
Chart looks very bullish after last nights close. (YTD high). Mystifies me why there was profit taking yesterday when the 2 largest holders are buying up stock. Price action suggest MM are caught here. Expect further gains, news or not.
Diversity (19%) and RP (21%) are averaged higher. They are certainly not selling. RP may even have + more stock Thursday. Neither are the primary holders, and I estimate 60% of the stock is in sticky fingers now. So - if anybody wants a significant slice of Sabien, they must pay up. It looks like Peel stopped selling last week. Only the day traders are offering this, and you can sell by the price action Thursday MM are reluctant to give much away on the sell side.
IMO the latest interim results and M2G wins underpin the SP now, and we tick higher. The chart reads very well after Thursday's close (YTD high). I see a massive bullish sign if we get above 19 and close there.
Positives or even definitive news on City Oil, and we rerate. I am watching with interest.
I think the chart suggests otherwise. Today's close was the highest close of 2023 and buyers were taking 12 pence on the death. I see further gains ahead of the Korea trip. Why would you not hold. Also, most of the major shareholders who took up the extra shares are averaged in way above these levels. They are not exiting. I can see no reason not to hold and add, especially now the big seller has walked.
M2G orders are fantastic and it appears the sales team have finally got the bit between their teeth! Long may this continue. Expect more wins. I am VERY interested in the American interest in City Oil. Green energy is awash with cash and where the party is at - one £20-£25 million plant in the big scheme of things is fodder. One plant is £1 million commission. Get the first one up and there will be more. SP will bag xxxxxxx if it gets the green light.
Hello - compared to most medium to long term holders that is a good average! Even after taking some of the 10p shares I'm in at higher average price than you. Lets not forget Diversity started buying mid 20's?
I am more confident about the company today with the share price at 11p than I was when buying in the 20's! For me, down here is value.
GLA
I agree, Sam. Compared to where we traded last year (as high as 40p on the City Oil announcement), the M2G could now underpin the business whilst, in the background, City Oil progresses.
The major shareholder is within the energy sector and will undoubtedly be of assistance should RP need it. Sabien looks like a far better investment now than it did at the start of the tear. For me, this is value down here.
Very good reading. I am adding this morning. MOO
This could be the game changer.
..................the team will be joined by a major US commodities trading and energy investment company which is carrying out due diligence on the technology with a view to funding an initial technology rollout for Sabien's associated joint-venture operating company; b.grn Group Ltd.