Member Info for johnychainlocker

Oooops, and Krok, well done

"https://www.investegate.co.uk/announcement/rns/wood-group-john---wg./business-update/8854413"

There's the RNS we've been waiting for, well spotted Kando

@SUFESSEX - didn't you mean't if this goes UP the shorters will go tits up?

(If WG goes tits up they're big big winners!)

Nah, they been posted to other shares.

Good though, all the same.

Question - if by some turn of the coin the SP rises to say 30p'ish today, how many will jump ship. I reckon there's a lot of folks here on mid 20's price average. Do you stick, or twist and hold out for 35p, or possibly more ?

To hold or to sell - that is the question - in the Bard's words!

I am very much inclined to hold

@Huge - we're all in a dark tunnel at the moment. If you're uncomfortable with it you might want to consider the exit. It's a casino right now, and like MrG says it's a matterof taking your position and sticking with it.

I'm holding into suspension, to infinity and beyond!!!

@Scubamike - "Ahead of what looks like a volatile day of trading it would be nice if there was less mocking of those potentially sitting on losses, less insulting of those that hold different views on the eventually outcome"

Carrot. Try taking what Scubamike posted above earlier this morning to heart a bit, less anger and bitterness would help all. Tit for Tats, like between JO and myself yesterday just bore everyone to death.

Ice happens to disagree with you, so what? Why do you have to keep up the needling ?

Just try it for one day and see how you get on eh?

AJB started off for the races with 18.81p to buy

So right Medjed, something very very wrong with what's been happening to the SP here, and still remains a complete mystery. No doubt the existing BOD who are totally responsible for this mess will come out smelling of roses and laughing all the way to the bank!

JO, it was YOU who started this little tit for tat when, with one of your first posts of the day, you couldn't resist a little jibe in my direction, to which I reponded.

Now if you want to start handing out little jibes, don't be so 'put out' when they are returned in kind..

Nuff' said on my part - let's agree to leave it alone eh?

SG2025 - you got any lessons left on basic stcok market practices? (seems like JO could do with some) lol

🤣

Agree (again) medjed

Keep sticky mitts on your shares everyone, don't let 'em out easy!

In Auction

Like your style FF03

AJB quoting 0.193 to buy; 0.192 to sell

Duck and dive as always eh JO!

Still waiting for your confirmation of deep knowledge of basic stock market practices JO

@JO

With your deep knowledge JO, could you give us all a layman's interpretation of the following 'excerpt' from TO Panel Statement 33

"Prohibition on purchasing shares from an exempt principal trader connected with the offeror

Under presumption (6) of the definition of “acting in concert”, a connected adviser is presumed to be acting in concert with its client in respect of the interests in shares of that connected adviser and persons controlling, controlled by or under the same control as that connected adviser. As a result, a principal trader in the same group as a connected adviser to an offeror will normally be presumed to be acting in concert with that offeror. However, where a connected principal trader has satisfied the Executive that it is independent of the corporate finance and/or corporate broking operations of its group, and has been granted exempt status, the presumption of concertedness between the offeror and the connected principal trader will not apply. Connected exempt principal traders are, however, required to comply with, among other things, Rule 38.

Rule 38.2 provides that, during the offer period, an offeror must not deal, as principal, with an exempt principal trader connected with the offeror in the shares of the offeree company. Dealings through an anonymous order book system are, however, permitted provided that neither party to the transaction is aware of the identity of the other party. This prohibition eliminates the risk of the principle of equivalent treatment of shareholders being breached by an exempt principal trader connected with the offeror purchasing shares in the offeree company above the offer price and knowingly selling those shares to the offeror at the offer price, or at a lower price, with losses being compensated elsewhere.

Where more than one exempt principal trader is connected with an offeror, Rule 38.2 will apply to all such exempt principal traders and not only to the exempt principal trader which is a member of the same group as the broker appointed to undertake the purchase of shares. Rule 38.2 does not, however, restrict an offeror from purchasing shares in the offeree company from an exempt principal trader connected with the offeree company or with a competing offeror"

"Np Johny" - that's too simple a 'get-out' when you are professing expalnations and how tight regulations are.

Your note 3) stated :

3) Sidara is not allowed to trade stocks as insider at this stage. Even if they do, lets say via GS, they will have heavy penalty including for GS, and the individuals concerned will not only be penalised but may end up going to jail.

From box 1(c) of the Form it is quite clear that Goldman Sachs box 1(a) are 'connected' to Sidara.

Does ChatGPT have an explanation for how that chimes with TO Panel regulations, or perhaps you can explain yourself even from the tone of your replies- simple honest question SG

Perhaps you could answer that JO with your deep knowledge of basic stock market practices, or are you going to refrain also?