Member Info for NAV_Mike

Week 10 17.10.25

Total shares repurchased to date 15,454,026

Total vwap spend to date £33.45m

Average vwap price paid £2.1645

Average daily vwap spend £669k

Another joyous week brought on by very week Brent. Discount of share price to vwap paid widened noticeably to circa 24.5p. Average daily spend rose by £6.7k on the week. Friday saw the highest daily number of shares repurchased to date. Projected buyback duration continues to shorten

Based on $100m = £74m, buyback is projected to last 111 trading days / 61 days remaining

Fair enough, but on my weekly candlestick chart, I can draw a virtually perfect horizontal support from early March to today in or around the 192 level (perhaps 189 using the earlier candles)

This support broke at the end of March, re-established at beginning of June, re-tested end-July and now sits where the price closed today.

Im not looking to make price predictions as you do. I merely pointed out that I consider us to be at an important level. I cant help but observe that you only seem to post when the share is dropping, which I suppose is fair enough, with your desire to see the price down to 150

Lets not continue this over the weekend please

Id say more likely to be quiet relief that we stabilised back to where we were last Friday. Especially today where we didnt get caught up in the market panic conditions at start of play

Well I would say we are now sitting bang on important support around 190-192 stemming from previous rebounds in March and August. The previously important 207 had acted as previous resistance on the way up

You just cant help but feel that the orange one has used his muscle behind the scenes to get his wish for cheap oil. How long the US shale industry can put up with it is another matter.....

....and it was the latest round of US bank woes thats given world markets the squits

Gotta love the good ole USA!

Awww cmon Foggy you know they wouldnt let me in.....I refuse to insert the word yield into every sentence :)

Its not just oil.......asian markets heavily down and FTSE projected to open -110

I was out last night ans missed the news story behind all this. Not seeing much yet this morning aside from a flare up in US regional bank instability.

What am I missing? (aside from my marbles)

Now heading in HBR's favourite day of the week with Brent at $61.30 and falling

The oil market really is talking itself into major problems with endless articles on oil gluts and falling demand. Just the perfect time for OPEC+ to have reversed production cuts

Here we go with another afternoon move lower startting at around 1pm

The yanks just love dropping oil....all that cheap gasoline! How long before their shale industry starts to feel pain though?

16-16.50 would get us to back to where we were last Friday before someone dumped 130k with a minute to go

Good to see relative order returning to SAR a week before we get an update

Masssive 2.5p intra day range and a cra ppy closing auction to top it off

Certainly seems a bit 'stickier' on the way up (oooer missus) than on the way down.

Having said that I reckon theres probably 100k of sells in the wrong column, plus a 100k unknown - so maybe correct

Not complaining. Would like to know what sparked the immediate buying this morning

I was going to surmis that the larger one was a sell, followed by a Bailiff-buy...bid continues to improve slightly

Well the bid ocontinues to rise quite briskly, even after the last two trades which I iniitially thought were sells

Having seen Bailiff's comments Im not so sure now :)

I dont think theres many trades mispaced this morning which is unusual. Probs one of the 25k ones but not much else imho

You may be right, but I think with tax losses used up and no sign of the government exhibiting sanity, I dont believe they will be "milking it" on NS production....especially as Brent sinks

Hopefully the next update will enable people to work out if the NS is profitable after tax. In any event mine was a genuine question. Once we see the next profit and loss account things may be clearer

Can people ever envisage HBR giving up the ghost on the NS and selling up? The ludicrous EPL and used-up tax losses might be major spurs but I guess finding willing buyers at a reasonable price could be....challenging

Hmmm certainly feels different to the last few days.....Actual bid price is over mid

Perhaps their deramp crews have been given a day off and they will now try to make money on the way up :)

Are you being paid to deramp or just trying to sow some overnight panic and worry to ensure another down day tomorrow?

We need to given some definite reason to buy the shares again. Vague hopes wont wash

Edit - just seen someone dumped 50k to take us down again. Ofc they did :(