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Nothing will be done.
This from my experience covers the vast majority of regulatory bodies.
Overpaid beurocrats who are weak and ineffective.
https://www.lse.co.uk/rns/RKH/abu-sennan-transaction-update-tkayi1btpbud1pg.html
Some Interesting Comments
https://www.thisismoney.co.uk/money/markets/article-7767747/Premier-Oil-target-record-132m-short-bet-Hong-Kong-hedge-fund.html
Where has this poster come from?
We dont see him dayindayout!
"Premier Oil and ARCM declined to comment.
The FCA declined to comment on any potential penalty for ACRM for late disclosure."
A Total Disgrace
Well done jw61.
Perhaps asking the financial press to comment on this short rather than FSA PMO etc may be a better way forward.
Well done.
Does GS not bear some responsibility for this?
I sincerely believe that it is naive to think they are not party to insider info.
To much money at stake.
Recommended reading for the shorters.
Oil Price Currently $64.39
https://www.ft.com/content/f53804ba-1832-11ea-9ee4-11f260415385
I surmise that certain investors know that PMO have received offers above £500 million.
Deadline Day tomorrow for sealed bids.
My own view, is as the Sunday Times says, this share is used as a quasi casino share.
Until the likes of GS and MS decide to stop shorting this share it will remain in or around the present price.
The news from Indonesia seems to support that.Obviously if the price of oil falls then PMO will.
Premier is pleased to announce that it has achieved First Gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia. The two-year project was delivered on schedule and significantly below budget.
Premier expects BIG-P's recoverable reserves to be in excess of the 93 BCF (gross) estimated at sanction as a result of the successful three-well drilling campaign which encountered additional productive sands.
BIG-P production ties into the existing Natuna Sea Block A infrastructure, also operated by Premier, and supports the Company's long-term gas sales contracts into Singapore.
Expecting the RNS shortly.
GS will be preparing a RNS!!
GS doesnt want that.
If still hovering at this price on 6th December.
Buy