The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Firstly due to rare posting I must add my best wishes to MT. Hope all turns out well for you MT having enjoyed your educated comments on the JSE board for what seems like a long time. I should perhaps started a new thread with the title something smells off because trading since the Positive new update has been strangely constrained . Why any holding institution intent on selling would kill off any rise is a mystery. Any ideas fellow contributors ?
So we are all wondering why the share price is dropping and a trade journal explains the recent weakness.
This tops the usual leaks and begs the question why are the company not giving a bit of support with all of our money and instigating buybacks ?
Although rarely posting I cannot refrain from saying how disappointed I have been with the Serica Old boys club. The arrogance displayed even when caught with their proverbial pants down is astounding.
Whilst institutions may have been briefed we small shareholders did not have any inkling of an offer and just wondered why the bots who control this share were being a little more generous than usual.
If the board of Serica believe they have value why sit on a war chest instead of buying back a few shares and not letting the bots control things.
Anyone who thinks Serica are remotely intested in their small shareholders and sticks with these one trick ponies is deluded.
One other question to any o&g investors who ,like myself , would normally be nervous buying more shares with a new drill campaign imminent. Should we be emboldened by this latest legislation when the project is located in the UK ? It would not be a surprise if any failure continued to get severely punished.
I rarely post and have no in depth knowledge . Like others I have been amazed by the reaction to the share price. One idea that struck me regarding our drill campaign this year. I think I am correct in saying there were attempts to farm out a piece of the action last year which came to nought. Well now we have a situation where on the face of it we have 90% approx of the expense and risk assumed by the UK govt in return for an extra 25% share of the profits. Imagine the the share price if another company had offered a similar deal. Happy to be corrected if I have it all wrong.
Having held and not panicked when this share dropped from the 20s I continue to hope for a recovery.
Like many others here (who's comments I have appreciated over the years ) I fail to understand the determined selling into any rise at these derisory levels.
My limited history will show I held AMER and was bemused at the share action which resulted in a poor return for loyal holders . RRE also a share with so much going for it languished at levels below cash in hand until finally taken out.
Given the poor investor communications here can we hope for brighter future or will any new increased institutional
shareholding result in the rug being pulled yet again. We deserve more than a few scraps from the top table !!
Long term holder who almost never has anything to add. Whilst suffering like many others having watched the value decimated over the years I wondered if any future SAVE dividend would be subject to a with holding tax as described in the Seplat RNS of 19th May.
One persons idea of where we are going on value, todays comment t e sh re h b