The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Well there goes another week - 6m shares (3% of the company) go into the washing machine , 1m (0.5%) of that traded/declared after hours . Question is how often are the same shares being washed to try and get the few extra dirty (PI shares) that get tumbled out of the drier into some safe nice big corporate hands. Mmmmmmm din dins.
Every week same old same old - don’t sell. There is a reason why is it as a % we are highest traded company out there, because somebody wants their mitts on the company !!!!
Apologies on typos
Yes I may be gullible and I may be a sucker if I read some messages on this board but let’s look at a few things - that there has to be a reason / rational behind
Is GKP the darling and the pain of general public investors - YES they are !!! Do they try my Patience - yes they do !!! But will I persist with them - Yes I will !!! The problem is that the general public investor I believe is 95% the same and there in lies the problem for the market.
Let’s look at general public ownership for companies similiar to GKP and international
GKP general public ownership 58%
Genel “ “ “. 28%
Jadestone 18 %
BP. 21%
No matter at what type of company I look at the anomaly of general public ownership is GKP
So question is do we have stubborn patient investors, persistent people in the market manipulating or rampant day traders - all the above.
Next question - if GKP is that worthless then why is it the most tiresly traded stock on LSE !!!!!
A few facts there are circa 40% shares that never move anywhere c90m that leaves c130m shares out there !!!!
I believe there are many general public investors like myself with a nice tidy amount that only ever buy to keep increasing my number as I am in the Patient Box 1 I would say there are probably at least another 70m in that box but a wild guess.
But why o why does a company trade on average 6m shares a week, that’s a measly 120m shares every 4 months. So looking at trading liquidity GKP trades it’s non 40% sacred shares 3x a year mmmmmmmmm - don’t believe it !!!!!! I would guess the liquidity will probably be 6-10x of traceable shares which probably still low.
Somebody is and continues to work hard for scraps every once in a while where there may be a distressed seller in the general public ranks - I feel sorry that some people’s patience is ground down by the persistent - who let the dogs out :-(
So long winded - but there are not really that many buyers and sellers out there I would go as fast as to say how many of it is all about continual trading of shares just for the MM.
But one day the patient will overcome the persistant
GLA see you at the dance
Well as you are on other media - I’m sure you’ve seen the other posts regarding the list of holders (not beneficial or specific but under whose umbrella they are held)
Looking at revised top 30 holders brings me to a few questions on tru transparency etc
TOP 30 account for circa 48% - movement in Top 30 over the period is 2.8m shares - but looking at average shares traded over the last 2 months being circa 60m - so what has happened the other 57m shares or is somebody just traded volumes and swapping shares to control ?
#30 has 94,000 shares so my question to our learned friends on here is where are Lloyd’s share dealing shares held ? Are they held through somebody like blackrock - just interesting as there appears to be some missing on the list !
Tolga Bilgin (49) and Hassan Gozal (49) both went to Bilkent University, same course / same time - Friends ? Business collaborators ? Mmmmmm
HG - 17% ownership, TB - c25% ownership, Turkey Bank - 20% (shares held by HG/TB ? Or by other contenders like Vidat Bilgin (TB uncle)
So in reality 62% minimum of Genel is owned by small group of individuals and two of them HG/TB some say opposed to each other or is it smoke and mirrors seems to be like Siamese twins.
As to me there looks to be a low ball buyout of Genel ongoing - with a little help from Turkish Government, extending pipeline shut-in gives them longer to acquire even more on the cheap
All the above just summations 2+2 and all that can be anything but seems to smell like 4 to me !!!!
How many companies (and this without no doubt the mopped up after hours shared) trade 2%+ of the share volume in one trading day - and the amount of shares traded on a daily basis - yet apparently other than the recent disclosure of the Blackrock increase 1.98m shares everything stays the same !!!!!
Something is very missing - over the last month circ 33m shares traded - today 4.5, that is 38m for round numbers, which is 17.5% traded within a month but no notification/change in holdings
Was supposed to say GKP acquisition would make good business sense for Panora to make them more lucrative
Little scenario doesn’t add up
Panora
Val 3.7bn reserves (P2) 35.96 Mmbbls
GKP
Value 265m reserves (P2) 391 mmbbls (but mobster more)
That’s a 150x difference in valuation for being in Kurdistan !!!!
Just a wee dirty to consider - not that I believe in coincidences - but could this be a Pandora (Panora Box).
Do we think that two of the Non-Exec Soden & Balkany - both representatives of Landsdowne (Austria) being from an E&P who operates in some of the worlds controversial places might not be the people behind the shares owned by them and that they are acquiring GKP by them !!!! With French and Norwegian involvement - again away from the UK / US model.
Also Soden now at Shamaran - potentially liked to Shaikan ???
Just think it it was an IOC or a NOC why would they be using these individuals - they would be more interested in working the national agenda - they operate within the smaller end of O&G companies
However - I still believe in the potential monster that GKP is and the fact that Panora in Gilbert is this to make addition to them to make more lucrative as a portfolio to an IOC/NOC
The pipeline isn’t flowing - I get that - but actual political position better that ever before when I’ve bought - just added £20k into ISA today at average £1.29. I think a bargain as soon as pipeline flows (and it will) and we then get confirmation of first payment - this will hit c£3 again in short period, along with OPEC reduction stimulus in oil price.
Always a risk, but how often is the cards aligned that everybody needs it. It will happen - gesticulate and position -
GKP has more than 6x turnover of shares per day on average than Genel - one ask why there is so much hard work done but actual ownership changes so little in main holders
????
Genel has c70%+ in corporate players hands and very little in retail circa 13% - so not working so hard as the big boys have enough to influence the final outcome ie >75%
GkP has still massive massive retail c40% expensive to
Move and manipulate in a bidding war hence why work the market for small trades less than
Hence the amount of work to relieve you off your shares is a lot harder -if GKP wasn’t worth so why would they just bumble along at low level rather than work hard everyday to
Get every share until they are over 70%
- mmmmmmmm
100% owned by Mr B
Agree but everybody be so wrong in the past - also how come Ber Bath and Sheikh Adindrills both declared as commercial - but not now - either a lot more need to Join Todd (inclusive of X BP ceo etc etc) or maybe the KRG does not want the magnitude being known until they do control their own destiny
Three powerful individuals and Turkish bank now own 75%+, enough for a special resolution ? Small shareholders will be squeezed out with low ball offer - me thinks.
Remember this GKP holders - that’s what we were warned about - we need to HOLD strong and buy if we can - stop the stealth takeovers and realise our value.
Mr Karamemet Turkish billionaire linked with Focus Investments (latter owns 12%)
They all know of the potential size of the field that if you look back at all the early seismic of all the GKP acreage - Ber Bahr (Genel partner) - Shiekh Adi, Sharman and Akron Bijeel - all showed linkage of oil - potential new Kirkuk ?? Ber Bahr was announced as being commercial by Both. But then court cases / ISIL / COVID all happened, KRG removed licenses (not been reissued as far as I’m aware ?)
I still believe the monster field is there but will we the ordinary shareholders ever see the value - the below has not changed.
https://www.edisoninvestmentresearch.com/?ACT=18&ID=8029
Agree - the other concern is what is the linkup with Mr Karamehmet and Marshall Islands company Focus Investments ? There is one somewhere !! There is another 12% ownership in individual who all appear to be linked.
75% enough for special resolutions ?
Tolga Bilgin (49) and Hassan Gozal (49) both went to Bilkent University, same course / same time - Friends ? Business collaborators ? Mmmmmm
HG - 17% ownership, TB - c25% ownership, Turkey Bank - 20% (shares held by HG/TB ? Or by other contenders like Vidat Bilgin (TB uncle)
So in reality 62% minimum of Genel is owned by small group of individuals and two of them HG/TB seem to be like Siamese twins.
So anybody out there - what are the rules and thresholds for LSE companies and when do people need to make an offer - as to me there looks to be a low ball buyout of Genel ongoing - with a little help from Turkish Government, extending pipeline shut-in gives them longer to acquire even more on the cheap
All the above just summations 2+2 and all that can be anything but seems to smell like 4 to me !!!!
Posting on GKP as well for any thoughts / insights / other info.
Tolga Bilgin (49) and Hassan Gozal (49) both went to Bilkent University, same course / same time - Friends ? Business collaborators ? Mmmmmm
HG - 17% ownership, TB - c25% ownership, Turkey Bank - 20% (shares held by HG/TB ? Or by other contenders like Vidat Bilgin (TB uncle)
So in reality 62% minimum of Genel is owned by small group of individuals and two of them HG/TB seem to be like Siamese twins.
So anybody out there - what are the rules and thresholds for LSE companies and when do people need to make an offer - as to me there looks to be a low ball buyout of Genel ongoing - with a little help from Turkish Government, extending pipeline shut-in gives them longer to acquire even more on the cheap
All the above just summations 2+2 and all that can be anything but seems to smell like 4 to me !!!!
Posting on GKP as well for any thoughts / insights / other info.
HKN shipping 53k barrels by truck to local market - lighter crude unlike us - so must be what they want - but this shows they have confidence in being paid
Update from friend of mine in country for another operator - they flowed for period to fill some storage elsewhere they now have one part of plant operational filling tankers - they are cycling to keep certain wells operational.
So hopefully GKP will be doing whatever they can do in shipping what they can just to keep some revenue coming in.
But above does appear to show there is still confidence that payments will be forthcoming otherwise why keep operating and filling tankers to be sold somewhere else if you’re not getting $ back at some stage.
For the good of Kurdish / Iraqi people and long suffering investors :-( let’s get everything sorted.