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Great figs from Serica Energy however they do supply natural gas to the UK and not Egypt!!

Berenberg will have to change their Sell and 65p price target.

Apologies but I have no idea on the timeline

Probably held in a number of their passive funds which are being scrutinised for their ESG credentials. Using the recent liquidity in the stock to reduce their holding. These passive funds manage money and benchmarks and not the underlying individual companies.

If BHP, as announced yesterday, was to exit the FT100 index then this would have a dramatic effect on the largest 10 constituents as the tracker funds reshuffle their weighting. BHP is currently the 2nd largest capitalised stock in the ft100.

5 min auction to open SP ?

Thank you Rock8

US buyers of VOD ?
SP jumped 1p at the opening of Wall St. !
Must be some research out from a US brokerage ?

GS choose the ex-dividend date to ensure their research had an impact….very low quality which is what you would expect from an aggressive trading house.

I really do hope you are correct but with only 600t shares traded I am a little sceptical. The institutional sellers are still waiting to be bid.

Why no RNS from Cairn?

The SP move down is consistent with the market trying to find a level which would entice new holders to dip their toe. I would assume both Blackrock and Aberdeen are sellers as Cairn”s ESG data does not sit well with their actively managed funds. They will be a seller at any price just to reduce their position. They will use any positive news to sell into strength. The house brokers, JP Morgan and Morgan Stanley need to find new investors and clear out the overhang. Until we see some more significant increase in the volume of shares traded the price will continue to fall. Any buyers are sitting and waiting on the sidelines.

Im shares uncrossed in the closing auction which might indicate the institutional seller is starting to find some liquidity at these lower prices and may soon finish their order. Be worth keeping an eye on the time & sales for more large trades.

Nike reported quarterly earnings of 93 cents against estimates of 51 cents/share. They benefited from pent-up demand for shoes and apparel.

Trading update in July

Thank you for repeating what we already know and has been widely reported. Do you have any other insight into the the direction the BOD is taking Cairn and how that might effect the SP?

Have I missed the point ?

Five brokers initiate after post IPO quiet period. Assume they were all involved in the IPO
Deutche (Buy), Morgan Stanley(Overweight), Jeffries(Buy), BarCap(Overweight), Goldman(Buy)

BP figs beat analyst expectations. Even though not disclosed , BP had a very successful quarter in gas & oil trading, particularly in gas trading.

I suggest you Google Just Group and then Just Eat as they are clearly NOT in the same line of business