Member Info for latpulldown

Tullow with $575 Million in the bank and a royalty share of production revenues from its Ugandan asset sale and consequential debt reduction is worth a lot more than the 2.5p that the market wishes to ascribe to this news at the moment.

Its all building up nicely to Capital Markets Day on 25th November.

It might also be worth pointing out that at two points on the recent falls the Directors themselves have been buyers of their own shares and in not insignificant amounts and at much higher share prices.

There were 4 purchases 0n 07/09 at £5.40 per share
Then a further 6 purchases at between £2.74 and £3.73 per share on 21/9.

These were accompanied by a “No known reason for the fall” RNS and a good and improving Covid19 trading update.

This statement also accompanied some of the purchases.

"These share purchases demonstrate the confidence that Network International directors have in the long-term growth prospects of the Company, and follow several recent transactions that have seen management increase their overall shareholding."

Dealings (Values approx)

SOLIMAN (SAMER) Bought at price 5.40 per share. Value £926,107 07/09
HASLAM (SIMON) Bought at price 5.40 per share. Value £1,081,192 07/09
MALHOTRA (ROHIT) Bought at price 5.40 per share. Value £904,359 07/09
KEY (ANDREW) Bought at price 5.40 per share. Value £428,320 07/09

POPE (DARREN) Bought at price 2.87 per share. Value £25,324 21/9
MALHOTRA (ROHIT) Bought at price 3.01 per share. Value £60,220 21/9
HASLAM (SIMON) Bought at price 2.77 per share. Value £140,963 21/9
HULL (VICTORIA) Bought at price 2.95 per share. Value £127,139 21/9
KALIFA (ROHINTON) Bought at price 3.73 per share. Value £130,515 21/9
HULL (VICTORIA) Bought at price 2.74 per share. Value £63,551 21/9

We seem to be the subject of some pretty blatant manipulation here and you either believe the Board of Directors and trading statements or you don't.

Our new 5.63% shareholder seems to be siding with the Board of Directors.

Having fallen, or having been blatantly manipulated down, from approximately 650p in mid-March and pre-Covid19 to 210p this morning is pretty good going on any share price and particularly given the impact of Covid19 has been limited to only a 17% drop in like for like by comparison with last year. That we also know has been improving month on month as our markets reopen.

You point out some short positions but your numbers are clearly wrong as there are only 5 positions and they equate to only 5.03% in total.

Some of those look recent and may have opened regarding the Nigeria SARS situation but as pointed out that is only a small part of our business in the African continent and that has quickly diminished and is resolving.

https://shorttracker.co.uk/company/GB00BH3VJ782/

Please not also that the 5.03% short interest is less in totality than our new shareholder Harding Loevner LP recently announced in an RNS only yesterday at 5.63% Given that recent daily volumes have been relatively small and buying in any amounts has been limited then they will have paid a much higher average to have acquired 30,942,257 shares.

https://www.lse.co.uk/rns/NETW/holdings-in-company-lufqkko963v53sa.html

Poor, poor show if there is another dividend cut and it won't go down well with investors.

The actual sources behind the story would be helpful given it is released just two days prior to the Q3 update and comes after a sustained fall already.

https://www.dailymail.co.uk/news/article-8877203/Safe-effective-Covid-19-vaccine-ready-end-November.html

I think until we get the update on the 27th the market does not know what valuation to put on this company.

It will all boil down to whether you believe Q3 numbers will better Q2 numbers and that the market will then view things as oversold.

This is one of the top companies in the FTSE 100.

Fascinating tug of war imo

Just catching up on developments since the Presidents speach last night and the Feminist Coalitions disassociation with events and their announcement for protestors to stop and to engage with the government.

The protests have now largely subsided.

The curfew that was imposed in Lagos state only is now being eased.

Happy to point this out and to elaborate slightly again.

NETW operate in 40 countries in Africa which accounts for in total 27% of group revenues (2019).

Nigeria itself actually has 36 states in total within the country.

Tragic though these events are, 35 other states have been business as usual without curfew and unaffected, and this is in what is just 1 country of the 40 countries NETW actually provide services in Africa. Yet the share price has been punished by a near 25% fall and equivalent to our business in 40 countries having closed for a full year . At worst this should have a virtually negligible effect on earnings and profitability.

That is just completely wrong and a gross overreaction which will hopefully correct itself in the days and weeks ahead.

https://www.thecable.ng/feminist-coalition-asks-endsars-protesters-to-stay-home

It looks like the temporary blip in Lagos that caused an over-exaggertaed and completely disproportionate fall in this share price is coming to an end and in fact may even be over.

https://www.bbc.co.uk/news/world-africa-54657352

Pelosi won't want to give Trump a potential vote winner. It will in all honesty come directly after the election and probably with Biden's name on it.

Yes good to see the rise today after the antics of the last few weeks to manipulate BP under £2.00, this being a major Footsie 100 company as well. It would seem that hedge funds have no boundaries and have no shame.

What does parabolic mean?

Don't mention Africa. That's where one of my recent other additions in the financial sector does business and it has started to lift itself off a recent over-exaggerated fall. It should hopefully get all the way back to 315p. (NETW)

Hopefully now the city have loaded up here, when the $500 million is confirmed in the bank account then the re-rate can start properly. TLW is one thats on the turn.

Hopefully next week we get the RNS stating that the forst payment of $500M is in Tullow bank account.

Then $75 Million further to come plus production royalty payments when the oil starts flowing.

It is only giving back what they robbed from holders the other day hence I pointed to 24p short term where. You might reasonably expect it to be back there for a further boost on $500M monies received. Sometimes it is better just to remain holding and look back in a month or so.

Its blatantly obvious that friends have been allowed to load up here at cheaper prices after the good news is out.

Do not be surprised if it gets back to 24p now and then keeps rising.

Sorry for anyone who has been duped but there is still fantastic opportunity there and delaying will in all probability only mean you paying successively more.

The gap to 19p was filled and so were institutions pockets.

Then it moves up at their pace.

Forget shorts and don't be so naive as they are just a smokescreen to enable them to fool shareholders into passing their shares to them on the cheap. How many just under 3%'er holdings do we have that have loaded up from 14.5p and are there sat waiting for 40p, where no doubt they will again take it.

littlebricks the markets are moving and I think because there is a general air of confidence filling the market again on one thing - A vaccine.

It gets the green light and we should get back to pre-pandemic levels. Think December

From 5 days ago.

https://www.dailymail.co.uk/news/article-8852159/The-video-world-longed-Covid-vaccines-rolling-production-line.html

From last night

https://www.dailymail.co.uk/news/article-8870023/Coronavirus-Oxford-vaccine-works-perfectly-safely-triggering-immune-response.html

24p realistically short term imo and back to where it was.

Make your own mind up if the company is starting to transform itself and ignore the traders.

They would rob their grannies to get your shares and especially when the news has been good.

RBL re-determination passed
$575 Million coing Tullows way "in the coming days"
Q3 trading update due at about twice Q2 spot prices.
Capital markets day coming up.

Don't be surprised if it now heads to 30p and 40p

If you are trying to trade this then best of luck as since RBL and Ugnadan asset sale it is probably now one to hold and keep. Hopefully you won't have tyo pay too much more for your next trade.