Another hindsight trader that never loses and I would never short a share by the way !! You know nothing and i will buy Genl when the time is right . Good luck with Premier Oil because your going to need it but I'm sure your make a fortune from it ??
Selling out here and buying premier hasbia what a mug you are !! Sorry I don't comply to your agenda and we have opposite views .. Buying premier is total madness only going to end in tears for shareholders but your money your gamble !! TD isnt going to reward PI investors for taking up a Rights issue but obviously you do !! I'm a buyer here at a quid but your not but good luck making a fortune of premier. So as your a deramper here why not bugger off to premier and ramp that ...
Boooom are you serious shareholders will get diluted to high heaven with a 15p Rights issue !! Anyone holding this crap is going to lose a lot a money soon. When all Restructuring is done maybe a punt that's it !! Enquest Tullow Premier all basket cases IMHO.
How low will Gen go ?? Paying a 9.6% Dividend its becoming very attractive but the drops day after day are relentless so what's going on . But then again all oilys are falling with oil rising so make no sense. Oil is just a dirty word these days and Mr market wants nothing to do with it.. Will it go under a quid ??
RE: Thoughts of balanced opinions please??25 Aug 2020 21:03
Hereshopin I like your positivity with the Rights issue price never trading at that !! I'm sorry to say that it will and probably 10% less but good luck and I'm amazed you have made money out of oilys over the last 5 years . Please explain to me how you have successfully made money as a LTH ???
RE: Thoughts of balanced opinions please??25 Aug 2020 18:47
Rookie1 I'm not saying investors are thick here I'm just saying something wasn't going to make the SP go up after Premier needed $500m squids .. I'm sorry for people losing because 99.999% investors this year have me included!! But an opportunity has presented itself to a 50% gain when the RI price is announced?? At what price I don't know and couldn't even try to guess that .. It's all a game and most small oil companies over the last 5 years have stitched and robbed honest hard working people.. Afren Gkp Genl Enquest Tullow hurricane ithaca BPC and many more !! Oil is just a dirty word in this world now !!
RE: Thoughts of balanced opinions please??25 Aug 2020 18:06
Investors were warned months ago this equity was happening !! Sorry guys no sympathy here but just wait for the Rights issue and buy 10% below and sell 3 months later for a minimum 50% profit or maybe a 100% profit??? Premier has presented its self with a money making opportunity for small investors. JUST PLAY THE GAME BECAUSE THATS WHAT THE BOD ARE DOING TO MUG PUNTERS.. BWTFDIK..
I can see Hyve mcap trading below cash in the bank by the end of August !! Plus another £12m less so Mcap around around £100m 35p many better companies are trading well below cash in this broken Market .. BWTFDIK ...
Enough cash to last another year at recent burn rate !! If you believe Covid will disappear in 6 months or a vaccine is found then it's a stonking buy .. But every month that passes they burn £12m I would wait until Furloughs has finished then see ??
69p or lower ??The way the market is brewing I wouldn't touch anything at the moment!! Groover will tell you to load up like he was when it was 160p . Listening to rampers can seriously damage your wealth...
85m shares @ £1.20p = £ 100m mcap as of today !! News shares 265m @ = £1.20p = £345m ncap!! Increase of £245m on their mcap for a captail raise of £100m. £200m mcap is where this should be . 265m shares @ 69p = £196m mcap .. See you all at 69p or less in a few weeks??? 99.9% of Right issues hit their rights price I have a few of them T shirts hence why I never take them up anymore . I could be wrong here though but let's see ???
Additional 181m shares is a 70 % dilution ouch !! So total shares 240m this will go under 69p very quickly now .. For the mcap to be the same as of yesterday this could hit 40p ??? Add in economy woos could get nasty ..
The 69p shares haven't hit the market yet !! An example with Aston Martin with its 33p issued share and traded around 65p the minute they hit the market with the dilution they drifted down to 27p then trebled very quickly. Hyve shares will trade at 69p at some point maybe 55p absolute low. Anything inbetween 69p and 55p is were I will be buying the ftse has at least a 800 point retrace heading into July and August when Q2 earnings hit the market and Furloughs stop !! Personally cash is king as this rallie can't last on borrowed money propping up the markets !! Could get messy later but definitely an opportunity to make some long term investments in the likes of hyve and others over the coming years .. BWTFDIK..
Rights issues are a big con they make it sound a good deal then over the following month you can buy them under the issued price !! As I said I'm a buyer under the 69p ( 55p target ) Let's see because all what's going on around the world in USA / UK China Hong Kong potential 2nd waves Riots has to effect the markets at some point!! The ftse at 6260 and the Dow at 24500 is just ridiculous at least 25% overcooked IMHO. Q2 results haven't even been priced because companies haven't even given the market their potential earnings for Q2 !! When the numbers hit market and reality sets in then let's see if the rally continues ???