Member Info for Muchaboutmoney

It's been a frustrating 6 months in terms of share price performance with us treading water and flirting with the 50 day moving average on the down side. Annoying but not unprecedented given the stellar returns of last year.

I'm a believer in the lassonde curve so expect considerable appreciation over the next 18 months as we move from a speculative buy to a producer and ultimately dividend paying growth company with the spice of a possible takeover at some point providing some fizz to proceedings.

In the meantime, I'm interested to know what people's plans are for when the money is returned from the registrars / brokers and into their trading accounts and ISAs?

By my calculation there is upwards of £30m due to come back and everyone I have spoken to intends to buy in the market with the returned cash. Assuming this is the case we should see a big rise on the back of this.

Are others on here intending to use the returned cash to purchase more shares or is my 'straw poll' to date an unreliable indicator?

Much

Re Lloyds ... no I haven't received mine yet Dezz .. very frustrating

I genuinely think that most people will use the spare cash to get extra shares. In fact of all the poep-le I know who have investments here, every one of them is intending to buy the extra in the market.

I'm with Lloyds and nothing is showing yet.

I think most of the buying will happen tomorrow when the funds are returned and become available for people to trade.

Like others I and members of the family all oversubscribed so are going to be left disappointed.

That said, I never thought I would get to buy again at these prices so will simply top up at a bargain 67p as soon as the funds become available.

I agree 100% Rolf. An excellent summary.

What's also striking is that whilst oil has been rising over the last week, RKH has been going the other way which is even more surprising and further supports your thinking.

Like others I have applied fro extra shares as part of the fundraise, however if I don't get them, I'll be buying direct in the market at these prices ie 67p with the residual cash sitting on my ISA

I suspect I won't be the only one so we could well see technical demand and the share price heading back the other way on the back of these unused funds being put to good use. at the end of the week.

Will be interesting to see what happens.

Great spot Happy.

These of course will be new the guys who having decided to invest in a new oil province are going to sell straight away and flood the market lol. The reality is of course is that the placing of shares with them at 53p was the only way they were going to get in at sub £1 so they won't be selling fast.

On a different note, an interesting dynamic is likely to occur over the next couple of weeks.

Most people are going to over-subscribe which means getting extra money into their ISAs and Trading Accounts.

I suspect that where money has been deposited surplus to the placing, people will simply use these surplus funds to mop up some extra shares whilst they are in the 70s. The rest is likely to be the opposite of the arbitrage opportunity playing out and that we have seen over the last few weeks.

Here's to a very exciting and profitable 2026!

Much

Just had the open offer details hit my Lloyds / Halifax ISA so others should be seeing it too now.

Much

Ah but Ralph has shown all the traits of a successful investor Divvy.

He has adapted his position and strategy based upon news and the bullish developments which makes the risk reward ratio here different to what it was when he was a bear.

The people that lose money are those that stick to a position regardless of what is happening. That is not Ralph.

Was I Divi?

I think you’ll find it was on first oil and the appraisal of Isabel however what’s a bit of misinformation between friends?

Advice to everyone is to ignore the shenanigans currently going on with placing and Stock being traded around the fundraise.

Once it’s all done and dusted out of the way the share is only heading one way.

Remember no share goes up in a straight line. In the meantime, let divvy have his day.

Great points as always LTT.

What you are seeing today is people getting the info from their Brokers confirming the number they can buy at 53p.

Many are selling the equivalent number today knowing they will replace them at 53p and trousering the profit.

Others don't have the headroom in their ISAs so are having to sell the equivalent so they can buy them back at 53p with the cash generated from the sale and hold them inside the ISA.

It's all technical but causing a lot of sale so as I said yesterday, take up the 53p shares and don't worry about the short term movements driven by the placement as this is only going one way in 2026.

This is without doubt a red letter day for Rockhopper and after all this time they deserve their moment in the sun. Today this means that the placing can complete and the Open Offer can be launched.

Perhaps more importantly this means that Rockhopper are off and running, good to go on the exciting development phase with Navitas and with plenty of upside from here. And that is despite the share being up 50% on 6 months, 225% on a year and 1000% over 5 years, game, set and match I think…

Over the years I have, as long term readers will corroborate, been a huge fan and more importantly unswerving supporter of Sea Lion and it gives me great pleasure to once and for all prove the naysayers wrong.

And that includes industry leaders who in the past have said that they would ‘drink every barrel’ that came out of the project, I hope that they are thirsty…

Ah ok Rolph.

I was taking him at his word as I do everyone until proved otherwise.

I’ll get my coat!

Much

Santos ... please keep the info you share coming.

I've been in Banking for 37 years and played the markets for the same amount of time, however to have someone who has worked at 'the coal face' so to speak and understands everything that goes on behind the scenes is as invaluable to me as I am sure it is to everyone else.

How about you put Santos on 'hide' Rolf and we can all get back to the objective of becoming a group of very wealthy individuals without the need to snipe?

Much

Thanks for confirming HSB.

Top man!

Much

Fab.

Let us know what they say. I am with Lloyds will give them a call to get their steer / take . They and Halifax operate of the same platform so hopefully you and I will get the same answer and we can compare notes for the benefit of everyone on here.

Much

Hey HSB,

Good question.

My advice would be to call your provider and get on the front foot. Explain what is happening and ask them how it is going to work as from my experience different providers have different processes and you can be missed.

Also you'll need to consider how much headroom you have in your ISA as if you are fully subscribed (£20k) this year, the options may be to either sell some shares so you can take up the offer or they may allow you to buy the shares outside of the ISA and hold them in your Trading account.

You can then Bed & ISA them on the 6th April when the new tax year starts and you have your 2026/27 S & S new allowance of an additional £20k.

This can all get quite complex depending upon your situation and is why there should be an opportunity for the savvy amongst us to oversubscribe and get some extra shares on the cheap as people miss the emails or fail to have their money in the accounts when they need to pay.

I am fortunate that I have some head room in my ISA so should be able to buy the placement shares without any complications. Regardless I will be ringing my broker (Lloyds / Halifax) to check exactly how it is going to work.

Best not to leave anything to chance.

Hope this helps and let us know how you get on.

Oh and as for the 1 for 49 at 53p. Its a no brainer.

ORemember not to look a gift horse in the mouth and remember there will be many many people who don't take the offer up so suggest people over subscribe as you are likely to get a few extra for the 53p bargain price.

Every little helps! :)

Right I am going to be pretty blunt so no offence intended but people need to take a step back here and look at what is at stake.

I have warned previously that there are going to be all sorts of shananigans, going on with the massive share price rise this year FID, fund raisings, placements, constant news flow etc and that whilst this is going on the share price is going to react irrationally and be open to significant manipulation. I for one never saw the FID price reaction coming (credit to Happy for getting something right for once), but having played the markets for almost 40 years I have seen this kind of thing many times, and the idiots that lose sight of the bigger picture by becoming fixated on daily and hourly price movements who end up crying into their cornflakes months and years down the line when they see what they missed.

Sealion is profitable at $20 + so if oil averages $70 for the time its in production, Rockhopper and its shareholder ie YOU! are going to see $15 bn of economic profit or £15 of earnings for every share you own! Yes folks, $15bn of profit shared between 800m shares. Do the maths!

Add on Isobel which is likely to be as big if not larger than Sealion and can be funded from cashflow and brorrowing you are looking at many, many multiples of the current share price.

Suggest people go and focus on Christmas and their loved ones and enjoy themselves having made small fortunes this year with the share price likely to rise strongly from here as the market and institutions start to price Rockhopper accordingly. For goodness sake the market cap on this is just £560m of which £200m is cash on the books to make a huge oilfield development happen!

The fact that a takeover could happen in a couple of years or a large partner could come in just adds some extra spice.

The potential value here is extraordinary. By all means trade or sell your shares if that is what you want to do but trust me, cashing out now is likely to be

one the most regrettable decisions you are going to make.

You are looking at the opening up of a new oil province and you are all invested right at the bottom. Billions of pounds are going to be made but also lost if you are stupid enough to cash out now.

Rant over, you have been warned.....

Yes you were absolutely bang on Happy. Maximum respect and a very good call.

In hindsight I think a lot of people had made the decision to sell on FID which as you correctly clawed was baked in, so regardless there was never going to be enough demand out there to propel the share higher.

As we move from being a speculative share to more of an investment, I anticipate that we will start to see the shareholder register become more widely populated by institutions and it will be this that propels us higher over the next 18 months.

In the meantime we sit in a bit of a void I guess, albeit technically we should see a bounce off 70p tomorrow and RKH is highly likely to get more coverage going forward and probably feature as a new year tip.

Sam and co will also no doubt be doing the rounds and spending time briefing institutions in order to get more investors onboard and the shares more widely held.

Meant to add that of course RKH will be paying virtually no tax initially as they will offset the cost of the loan repayments against their income. They also have considerable tax losses that they can use to minimise the tax they will pay in the first few years of production. As such my figures are arguably 35% too low.

Also something that was overlooked by many was the fair and equitable agreement reached with FIG as part of FID. This was a huge win and demonstrates the pragmatism of FIG in creating a low tax, safe and secure operating environment.