Member Info for NAV_Mike

Meoryou

Thanks for that...should have spotted that myself!

So, using rounded up numbers.....they were issued 175m, could have sold 52.5m (30%) but looks like they actually sold maybe 44m. Leaves a theoretical 8.5m shares to be placed, but could just as easily be shares they didnt want to sell.

About right?

......all of which is viewed with the benefit of 20/20 hindsight

Pre-Iran crisis, when the world was supposedlly heading for a supply glut (lol) most people here were very happy with $78 hedges in place

Property1 - yes agreed, though I think the whole country would have major problems if Labour thinks a lurch to the left is what voters want

Well EIG undertook 90 days from 11.03 but I cant see any RNS re BASF/LLOG specifying the same thing. I could easily have missed it though if that info came out via other channels

Very frustrating, but follows the age old pattern following results or updates

I think the market is fixating on the next round of secondary placings, or perhaps the method/price at which the BASF stake may be dealt with

Certainly, in the face of yesterdays update and a pretty resilient oil price, the share price makes no sense at all

Its getting to the point where PM will maybe have to start pulling gold bars out of his backside before people start believing in him again :)

From what I can see they are now delivering on forecast numbers, but the market still doesnt trust SEE

....despite having dropped the headline bid price a smidgeon this week, the actual price you can get is up a tiny amount

More MM fun and games, but another week closer to the tox study completion

Triffic.....held in place when Brent at its strongest, now slapped lower on the first hint of weakness

i must admit i was pleasantly surprised at the muted reaction to the warants rns yesterday.

fully appreciate that warrants themselves are not inherently negative, but they often cause a short term overhang of flipped shares to cover the exercise cost. perhaps this time round they had already been pre-sold, or the holder didnt flip them

*** packet calcs would suggest that at 19p ish, 170k would need to be sold to cover costs

finally, am i right in assuming theres arounsd 17.5m more shares that could be issued via warrants or is it a mixture of warrants and share options?

have a good weekend all

PCS - Yes I know you are correct, its just that in the past warrant exercises have signalled a short term trend change as the market has to absorb some 'flipped' shares.

Perhaps as we are further down the line this time, the adverse reaction is more muted. This mornings 'action' (or lack of it) suggests the warrant news was known about, or perhaps this holder isnt going to flip his new shares. I guess we shall see

As for DP64 I shall button my lip. I donmt trust his motives at all and so should filter him I guess

Oh look....a warrants RNS to coincide with the re-appearance of DP64.

Has one of your HNWI mates given you new orders?

Oh great....our resident doom-monger is back. I hoped his endless prophecies about the 'trio' were a thing of the past.

Whats the betting this coincides with the price being walked lower?. Looks like we can look forward to reading his bilge as the first post of every morning.....deep joy

Never thought Id see the times when HBR coninually struggled to make headway below £3 with Brent at $110 minimum.

I know the market is down overall but surely a thriving, diversified O&G company should be risimg rapidly? Or is something else at play here?

On a separate note, if these truly are to be windfall profits, I would like us to pay a big lump off debt. IMHO share buybacks only have a theoretical benefit, and increasing dividends merely increases outflows from the business. (Cue the abuse lol)

Certainly smacks of some kind of US dark forces at work. Same as yesterday, HBR get sold down in the afternoon session in the face of high Brent/WTI prices.

Aside from possibly BoA (or their ilk), it could also be a shorter(s) keeping their position under control. Either that, or market knows more placings are coming from big holders and they dont want to pay too much.....

Hopefully, we are not just being softened up for a lowball bid, Please let next weeks figures cast a positive shining light

#secondary placings....

Well hopefully it will give us some impetus...

I find it incredible that even with $100+ oil, the £3 mark seems a distant impenetrable barrier. Is the market just counting down the 90 days until the next tranches of secondary have to be absorbed by the market?

@lazarus

Fair enough mate, as theres not a huge volume to debate anyway. I was only going by the fact that I was being offered 21.4 on wednesday, and most of this mornings trades were below that. Prices move I guess :)

20.77p being offered by AJ Bells (not for 150k I admit lol) so this drop looks 'manafactured'

Having said that I wonder why the selling started this morning?

All about what happens when the official ceasefire deadline passes I guess, although I also think the market is getting nervy about the likelihood of our duplicitous PM being forced out, and what might come next

Yep - the current bid price Im being offered is better than anything acheived thus far today. Why are they so cautious about letting the visible bid price rise? One can only assume they want tight control of any move, and dont want us getting 'spikey'