Member Info for johnychainlocker

Just added another £5k, BUT - it was in my WIFE'S Sipp 😱, and if the twirly thing on the ceiling hits the brown stuff , well it it's goodbye JCL!

Yes Rosey - don't get the train early today - It's Friday night, go and have urgent chat with some of those boys from Wood Group

Just received my call back from the Regulator's Office, info only, 'cos she wriggled and tickled all over the place with this and that and this is not their responsibilty but the FCA's, and vice versa etc.

Upshot is that the RNS from Wood Group on 8th May 2024 was not late and was issued only under instruction and in accordance with the TO Panel rules because there was a LEAK - not just the usual 'speculation' etc, but a leak!

Asked her for the source, newspaper etc. but she wouldn't commit.

ANYWAY, usual guff, market is strictly regulated, etc., she is currently all over every current RNS regarding this new offer for adherence to rules etc.etc .

(Passed her by with the Marshall Wace/Jeffries thing, but any 'shenanigans' would be the remit of FCA not them)

All FWIW 😎!

Nice bit of research and logic there @JWB

Well done @Jolly, love the direct action - like most things, even with AI, put in rubbish question, you get rubbish out

Just received a call from a regulator on Take over Panel regarding my post of 20th March.

(I was concerned that there was no repeat of the 8th May, where the required RNS was, IMHO, was not issued in accordance with rules)

She pointed there are diffferences between the FCA and themselves and assured me. rather agreesively, that all rules have indeed been followed, and are ALWAYS followed! (pinch of salt there)

When I pointed out to her the details of the RNS of the 8th May 2024 she reduced her stance a lot, said she wasn't aware of the RNS but would look into it.

Gonna call me back, FWIW!

Nice though to have a regulator actually take some interest!

@NMH21 👍😄

Jeez, @rob - is that guy's alias 'Rip Van Winkle' - Analyst??!!!

Current price to buy with AJ Bell 42.8p , hardly a big deal from your 'wipe-out ' at 42p 'nine?

Don't think you were 'stitched up like a kipper @nine.

A 'stop loss' a couple of percentage points below a price that was always swinging about between about 42p and 45p was asking for trouble really, but you could easily have bought back without much difference in price., (can do so today even),but widen your margin.

Got to agree it is extremely annoying, but only really when you have set a stop loss about 10%/15% below 'normal' trading swings, and then have to buy back when price has swung back up.

It has been discussed as to whether MM's are aware of stop loss prices, general feeling was that only in very small set of circumstances, but MM's ain't daft and when they are fishing for shares they guess that the majority of PI's set stop losses around those percentages of 10-15%

Marshall Wace, TRS and Cubist all reduced shorts on 19th, only slightly for MW , but in the right direction!

You've been thanked @M1, but "if you can't stand the heat get out of the kitchen". Hope you made a profit mate

@ Bearded, don't bother I just did it for you. Monsieur Fretigne confirmed it was just for completeness on the Form.

How can you tell I'm bored! ?

@Bearded, don't think there is any intrigue in there - if you were so inclined you could always give the company secretary or whoever filled the form in a ring (Gilles Fretigne) - the number is at the bottom of the Form, and ask the question direct ,

Think it's been covered @SWLC, you're not counting in the CFD's that were sold to counterbalance. Net effect though is an increase, just not 6odd mill as you suggest!

No panic - it's because I had a stop loss in place - which I rarely/never do. Had to cancel it so all OK now.

It's also new to me I wasn't aware of this process before

... with AJ Bell.

I have been trying dummy buys/sells for the last 5mins and site won't allow me a sell, only buy. This has to be temporary but still strange. Anyone else?

Point taken SG2025, like I said I willingly bow down to your superior knowledge on all these Regs. Cheers

@SG2025 Re Goldman Sachs RNS - agree entirely, but although purchases were discounted by CFD sales, by my quick reckoning there's still an increase in purchases of approx 1M shares, which is not to be sniffed at?

Thanks again SG2025, however I think if you read the RNS an offer price WAS in fact detailed

"The Proposal was received on 30 April 2024 and proposed an offer price of 205 pence per Wood share"

Difficult, the intricacies or Takeover Rules ain't they SG.

Thanks for the Link though