Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Do others think the MM's are a) hoovering shares and b) manipulating the price until such time as they have enough, at which time they 'release' the price and let it run?
I can't help think this is just games to reduce the proportion of overall shares in PI ownership due to a desire to have a larger proportion of the company in II hands which may make future decisions easier. Happy to told this is nonsense if I'm way off.
I'll repeat so e of my earlier posts... stena are a big outfit. They have multiple drill for oil ships which they will like to keep busy. As a result, it is surely the case that they come up against this sort of thing on every new job. Par for the course!
If they crumbled every time a rainbow urk stuck their nose in they would have gone out of business years ago.
Would I be way off if I thought that the MM's/BPC BOD would prefer to have the majority of the billions of shares owned by far few PI's than is probably the case at present?
Yes...Don't fall for it!
As I alluded to earlier, Stena will likely deal with RW types all the time. It may even be the case that Stewart track where RW vessels go! It must be par for the course for an oil drilling outfit
Even if a rainbow warrior does track or interfere, and I know I'm no expert here, surely, just surely, this something Stena has to deal with on all drills and I think I'm right in saying this won't be their first drill. They will deal with it.
I would tend to agree on the possibility of a farm-out before spud. From a majors point of view, they may have wanted in a long time ago at a cheap price but BPC has been able to get this far without them. Now, the price would hopefully be higher, but still doable, but can they take the chance on success and wait until afterwards? I don't think so. If its a success, you would like to think majors will be battling with each other to get a piece, and as we all know, that would lead to them having to pay a lot more. The current risk applicable to the drill makes it still viable.
I'll go for 8.2p...
If we generally believe the sp will increase to anywhere in the 6,7,8 or even 12p range at spud, and having read lots of posts suggesting a sale of some of your holdings at this time to de-risk etc, and locking some profit...whatever your strategy... then do you have any thoughts on a likely retrace in the following days as a result of the profit taking ?
In my somewhat layman's eyes the MM's are merely trying to gather as many shares together as possible in readiness to fulfil larger orders. They are praying on the weak and nervous ...as is MMM
There are sells of just a single share going through. This is surely to spook people into selling.
Is the SP being sent down now so MM's can get a load of shares from panicking PI's?
If 10m shares are traded a day, which seems a good day of late, that equates to about 0.003% of the total shares . If people were panicking, I think a few more would be traded. Relax. There is a lot of hot air on here.
last week, approx 170m shares were traded. 3.4b are in circ. Thats 5%. That tells me the vast majority of shares are being held....and most are likely to be being held by people that are not trying to cause hysteria or are even receptive to it. Some of you should apply for jobs on fox news!
Thanks Star. So with no dumping taking place is it likely that the price is currently just a reflection of the perceived value, rightly or wrongly?
Therefore only news will change it.
Mystery - so would you say you have an interest in the share price dropping due to the difficulty of buying back in at the moment due to the spread?
Fair play.
Mystery - I assume the best course of action based on your 'certain' view is to sell all your holding and buy back in when it goes to your figure of 1.50-1.70... is that what you have done? Or is 'certain' actually more like 'could'?
has just converted CERP to BPC