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Its worth keeping a firm eye now on the Oxford vaccine imo for when it is cleared for commercial usage and sale that should cause all stocks markets and shares to rebound significantly and Network International can hopefully return to its pre-pandemic chart levels. December seems to be a highly probable date being brandished about at the moment.

From tonight.

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

From 5 days ago.

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

Too much preoccupation with short interests when these muthers imo are trading the stock behind the scenes. They load up on any the drops and stay under 3%. It then rises and then they offload those they bought cheap at good profit and then to let them get their shares back again on the cheap they punt out an increased short position RNS and back it if they like with an algorythm that ticks the share price down. (Like this mornings start) Poeple are deluded if you think all they do is sit on a small position like for instance 0.5%. Rinse and repeat is how these hedge funds make their money.

A change in mindset of the market makers is what is required for they wsupport the currect status quo. But why would they change their spots, for the same stock is being constantly churned over and over again and they profit on both the spread and number of trades. It works for them.

What therefor is also required is for Big Institutions to actually counter the short interests by buying in numbers and in string volume and in such a way that supports the share price with their own computerised algorythms and countenances those of those with short interests.

Hence the importance of a good Capital Markets day for that is your opportunity and it is there you start to change the hearts and minds of the bigger players in the market.

I completely agree with other posters that present RNS's are not being reflected in the SP for their true worth.

However I do think that the SP is starting to trend up again and confidence is starting to return and build again.

JMAX, never a truer word spoken.

If it looks cheap then you buy. If it gets cheaper still and the nothings changed then if you have the funds you might buy more.

Then just be patient.

If you can't be the latter then you will probably get robbed of all your shares and lose money.

City loading up Davstock and pay no attention to those shorter lists as they are never a true reflection of things.

You could take out a 0.5% short in conjunction with say 3 other institutions so 2% in theory between all 4 but behind the scenes, and as the buying threshold for notifications is 3%, the same 4 institutions could have purchased and be holding just under 12% physical stock between them and nobody would be any the wiser. A fairer, more equitable situation is that the same thresholds would apply for holding shares and also for any "long positions" for which their is no such similar notification system to that for shorts. They are used as a smokescreen and that is why most of the time they don't move or it is only fractions of a percent. Shorting stock should in all honesty be banned as is the case in some other countries.

The Ugandan assets sale and what will ultimately be a debt reduction of $575 million and a near 20% cut in debt is worth more than 2p.

It was 30p and 40p only recently on far less good news and on oil price far lower than we are presently sitting at.

The unfortunate thing this time though Davstock is that though you will get some on here tryong to will it lower for them to buy back in, the vast majority of people know that TLW is in a far better financial position post the successful RBL re-determination and now with $575Million confirmed as coming TLW's way also. That is worth far more than the measly 2p on the share price.

There are many traders on here but its starting its turnaround under the new CEO and all the early signs are good so some might just be staying put. I am.

It is about due a double your money run again imo

Isn't it strange that this is one of only 200 companies worth over a Billion dollars on the UK main market and from time to time all you can get a live quote on is 750 shares. It hints at whats probably occurring here.

If it is any help to you Sc00by I kept persisting and managed eventually to get live quotes for two x £5k's worth. Alternatively it might be worth trying a limit order if your dealing platform allows and whereby you stipulate a capped price just slightly above and not too far distant from the prevailing sp at the time. it normally concludes at the prevailing rate in any case.

Just for information the whole of NETW business on the whole of the African continent accounts for 27% of the groups earnings (See company presentations). Yet the MM's have dropped this share price from 315p two days ago on what will be a temporary event in the capital city of just one of those countries (Nigeria).

In the meantime people will still be transacting money in person and via the internet and digitally all over the rest of Africa.

Back into hibernation and lets see how long it takes for the present irrationality to clear and for us to get back to 315p.

By the way and its just an observation but the MM's seem to be limiting the amount you can buy and are using them to gradually drop the price. Devious !!

Its Oversold rugs and deeply so and I'm happy with my 242p.

The actual number of shares traded yesterday to drop the market cap by £400 Million pounds has been miniscule by comparison, and a high proportion of those trades will have been buys.

Time to shut up shop on this one for a while and let common sense prevail. It also lets me concentrate on my others.

Good to see you taking an interest over here RS2002. I had you as one of the most informed posters on Cine, which incidentally I think is now too high for its present situation. Well done though if you topped up and caught the 22p to 34p rebound over there. I'll probably look again when it raises the cash it needs.

@19p on here this morning was silly pricing given yesterdays news and it still is and if it's the scepticism of the market that put it there then that should hopefully change in the coming days when we know the funds are in TLW's bank account. TLW have stated they will inform us of this.

Good luck with all your other investments and as well as topping up here at just under 19p this morning I topped up on NETW which is an international payments company and which is down 30% from 2 days ago based on unrest in Nigeria. Nigeria doesn't account for anywhere near 30% of its business and the situation over there is temporary in nature and will pass. It should imo rebound well short term but for me is a slow burner in any case for a recovery play based on where it was on the charts pre-Covid.

GL with all your investments and TLW must be getting close to another double your money run. Successful RBL, Ugandan deal shortly to complete, Q3 revenue numbers are not far off also and the Capital Markets Day is also now within sight and should see the route map for transformation and extracting value from all of its many assets spelt out.

DRS1

It is the serviceability of any debt that matters. You do know what the RBL redetermination only a week or so ago was all about. They passed it with flying colours and have £500M headroom before any other proceeds received.

They now have an extra $575 million coming their way "in the coming days" and production royalties on top when production starts.

The next RBL redermination incidentally is in January AT TLW's REQUEST. How do you think that might pan out with $575M less debt.

All you really need to know.

Market Cap: £270 Million

Ugandan Cash Inbound: $575 Million + oil production royalties when producing.

70 Licence Interests in total in 15 countries.
Producing circa 75,000 barrels per day at $57 per barrel hedged on 60% of that.

rugs, I just did at 242 and delighted with that. For once a school run acted in my favour

It seems a gross overreaction for what is essentially a temporary situation what is only one part of one country and in a regions where it looks like the HQ serves 10 surrounding countries including Ghana.

Chairman and the CEO, It's the big institutions that will drive the change.

BP at Sub £2.00.

One part of me sensed that whoever was shorting BP was taking it there but the reality of it is that it didn't even get to that level previously even on the Gulf of Mexico spill.

So somewhere in there is value and an 8% dividend.

A one-liner from the Interims that may help you gauge the overreaction here.

"Africa
The Group’s Africa segment operates in over 40 countries and contributed 27% of the Group’s total revenue in the period."

Today's fall wiped approx 20% of value off NETW based on possibly the events in 1 country, that are temporary in nature and will blow over.

Incredible.

Nigeria is one of effectively 6 regional HQ's if you include Dubai and the situation in Nigeria will is only temporary and will pass.

For this to justify a 20% fall in the companies share price it would need to wipe out all commerce and transactions in all the countries that the regional HQ in Nigeria serves and with that being for a full 365 days of the year.

I've convinced myself into buying some more myself tomorrow.

https://www.marketscreener.com/quote/stock/NETWORK-INTERNATIONAL-HOL-61661887/news/Network-International-TymeBank-a-leading-digital-bank-in-South-Africa-signs-with-Network-Internat-31580178/

I'm sorry but I am not buying into the Nigeria situation being somehow responsible for a near 20% fall in today's share price. Though deplorable that situation does not stop people going out and having to shop, spending and paying by card.

These positions I feel are always a sideshow to actually what is going on beneath the 0.5% hard deck as these ones rarely rarely change and some will actually be used tactically to gain a holding position. It's 0.5% to declare on the short positions side but 3% to notify on the holdings side.

They all got hammered today and there should be significantly more to come. Untimely for Whitebox's increase which just shows how uninformed they can be. The Pierre Jessau Total Ugandan Managers article was there for all to see.

Its these unduly oversold shares that rebound best.

$500M + $75M + royalty payments will all be coming as CASH.

Sorry for your loss today and any further looses to come.

Yes it is Goodnight. Filtered.

scaredycat - what shorts would you like to see closing. Are you talking about those that notify the FCA if they are over 5%?

Or are you talking about all the retail spread betters like DubaiDave that got thumped and burned by todays 10a.m. RNS. The same happened for all those with CFD's that were betting on the downside. The same for all those with positions under 0.5%.

It doesn't matter if it was any of these 3 types of unpublished positions or indeed if it was any dodgy positions they all took the same near 50% hit. I mention dodgy positions for those @PMO know that recently there was a Chinese institution fined £900k for holding an undeclared 16.9% equivalent short position that they hadn't declared.

Irrespective of the type they would all have taken the same hit today.

Things have now turned massively favourable for TLW and the new CEO with a 10a.m. RNS is showing he knows what is going on here and that he means business in turning the SP around.

He is now making things highly unpredictable for any further short positions and also he is showing that he is quietly and industriously getting on with re-establishing value here.

Nickel,

This gained good momentum after the RNS and rightfully so. Our MM's needed stock and took it down to 20p just to see how many shares they could transact.

You don't need to be a professor in maths to work out that Tullow is still massively undervalued.

Its market cap tonight is only £292 Million.

Today's RNS is the sale of a Ugandan asset for $500 Million + a further $75 Million at FID + also production royalty payments from Total.

The Ugandan asset is just 1 of some 70 licence interests that TLW have in 15 countries.

It is also producing circa 75,000 barrels of oil per day and has a shrewd hedge in place whereby it is getting $57 per barrel on 60% of its production.

% It has just passed its debt test with its lenders (RBL)
% $500M moneys to imminently to clear in Tullows bank a/c.
% Had $500M headroom prior to the proceeds from the sale of the Ugandan asset.
% Q3 numbers are due about the 2nd week in November (tbc) Oil is twice the price it was in Q2.
% 25th November is Capital Markets Day for the new CEO to unveil his asset maximisation plan.
% There are also a further $500M of asset sales being targetted.
% Next RBL is in January at the companies request.

It was 40p very recently and it should head back there.

I put it in simple terms with recent happenings and what is on the horizon.
The chartists and technically minded will probably skip all that and say "Gap filled" this afternoon.

Tullow is on the turnaround imo and it is probably best to get in whilst the share price is only just over 20p.