Member Info for Jim800

“It's now just a waiting game until they accept the loss and move on.”

It would be interesting to know what the final straw is for individual shorters.

Is it, as Trek intimates, having a winner to make the loss here more palatable?

Is it a case of as soon as one folds they’ll all follow suit?

Is there some piece of positive (for us) news that’ll make them realise SP isn’t returning to recent lows?

Is it when they stop reading GG’s posts?

Do they have the equivalent of a stop loss so when losses hit a certain percentage they bail?

Or do they just cross their fingers, hope they were correct and wait whilst SP goes up, hoping it’ll fall again on next HH drop, environmental report or fears of ARO numbers?

I reckon it’s #2 - once one caves they all will for fear of looking stupid. If they’re all making the same mistake there’s a bit of safety in that - if someone closes and they don’t they look incompetent.

Mind you, any or all of the reasons will do for me. Having to buy almost 6% of market cap will really bump up the price.

Skier - it might be more factually correct to say that looking at DEC shorts, they haven’t changed for 5 weeks.

Skier - I hope your partner isn’t as disappointed by your understanding of “huge” as we are.

Think the BBs are better described as frequent, regular or low level - definitely not huge.

Please don’t respond - Oh No, you’re a bot so you never do!

Mr G - think the money that would have been 30% dividend has been spent on latest acquisition, debt repayment and the petty cash on share BBs.

Doubt there is any left and future cash flows will go on the same.

Anyone waiting on a special dividend is going to be disappointed.

No signs of anyone this side of the Atlantic buying in on the Russell news and the US down 2.6% on pre market prices for today.

It’s gonna take more than just a listing.

Rusty’s investor tour and presentations in the USA don’t seem to be doing much either.

But guess Ski is still buying!

They have - 3 of the new NEDs bought the same number of shares over 2 days.

Coincidence, Collusion or think they were “encouraged” to buy?

Let’s see if Seeking Alpha readers in the US put their buying boots on this afternoon - they should be happy to buy up to $20!

I’m pleasantly surprised to see a generally FTSE down day and xd haven’t hurt the SP.

Hopefully a turning point as Notrex says - but then we’ve had a few potential turning points let us down.

PP - any critical thinking to share now that SP movement isn’t just linked to HH price?

Perhaps things are a little more complex than your simplified explanation for SP falls.

Robina - think that’s more a reflection on HL than on Phnx.

When I started with HL they had comment on all shares in 250, listed trades almost live and averaged out brokers quotes.

Now they do none of these and service getting worse - time to move SIPP and ISA shortly I think.

PP - when you bought and buying and selling will indeed dictate your personal financial position.

My point was that the company you said was doing ok blatantly hasn’t been over the last 12 months and the responsibility for that lies with Rusty and the BoD. That’s why there is some negative sentiment on here - it’s not a lack of critical thinking.

Are they doing the right thing now and will gas price increases and reducing interest rates help them out? Hopefully but even now BBs aren’t at the magnitude they suggested at dividend cut - a quarter of saved dividend money from FCF.

PP - what happened to your critical thinking as share price halved, dividend cut and continued business decisions 180 degrees from recent investor presentations implemented?

Company just doing OK against low gas prices? Thinking critically, it’s a been a little worse than that.

Vodaphone started their BBs today.

Day 1: Ten million shares @ 76p

SP up nicely 😀

“From” good ole Rusty! :-)

SD - but surely not as accretive as when divi was 30%!

Or perhaps they’d known for ages they were going to chop the divi and told everyone e cent shareholders?

As we’ve already suggested, acquisitions are more important to Rusty than BBs.

The EGM is for another acquisition - hence spending the money that is no longer available for BBs.

Will leave reading the documents until I get to a laptop but guess they think it’s more accretive than BBs (especially now divi is less than 10%).

Might be right for business but not necessarily for short term SP support. We’ll see!

They chose the simple quarter on quarter comparison (adjusted for divestiture) rather than the more telling year on year one.

They tell us they have a shallow decline rate of about 10% but then use flat figures!

All I want is them to give the information in a clear way which assists potential buyers make an informed choice. Not to pick and chose different metrics to muddy the picture.

You’re obviously happy with the report - seems the rest of the market aren’t.

I’m content to hold but I’m not seeing clear info to make me add more and it seems others aren’t either. No shorts closing following trading statement!

Sentiment is all here and they could go more to help.

PP - I’m aware they buy and sell stuff but your links talk prices not production - why not just say production down x% partly due to Y% decline and z% disposals.

One can only assume they are opaque on purpose - and given repeated “disinformation” they should be taking every opportunity to be open, clear and honest - but they keep failing to do that.

It wasn’t 0% decline year on year - look at my earlier post comparing Q123 and Q124 - decline in production more than 10% - they only reported Q423 against Q124 which was flat.

Now there may be a reason for reduced output over the 13 months but why not tell us?

Accountancy rules on derivatives and hedging there to clarify the accounts - or perhaps not!

We have this discussion every report - what is real income, expenditure and profit and what is imaginary non real loss or profit.

I'm expecting it because it's quarterly and I know when the last one was.

Point again is why don't DEC make the dates clear on their website - it's not listed on HL DEC info pages either.

It's not difficult and would provide a boost to potential investors for free.