Member Info for NAV_Mike

Must admit I was pleasantly suprised to see a profit after tax (albeit small) after the large drop in headline revenue

Would like to think market will react positively or at worst, neutrally.....but we live in weird times lol

It may drop initially but the sizeable hedge fund accumulation hasnt been for the good of their health only and they wont be the sorts to be panicked by an adjournment imho

Really? All thats happened is that the big hitters have indicated they wont accept 13.5p so Patels have to scurry off to their spreadsheets.

The large holders that have been accumulating wont suddently dump en masse just because the vote has been *postponed* (not cancelled). The 28 days is for Patels to see if they can fund a deal acceptable to the hedge funds

If price does drop it will be an attempt to shake out more shares not in firm hands

Ho Ho....better than adjourn than fail miserably lol

They couldnt resist some negative comment though could they? (no other offers etc)

Methinks the hedge funds have now indicated the price they will accept and the Patelslugs are scuttling away to see if they can fund it

Have to see if this story plays out, but it seems that there is a growing divergence between oil for physical delivery, and the paper variety beloved by hedge fund shorters. Similar to the gold market

https://www.zerohedge.com/markets/oil-spreads-soar-physical-market-screams-tightness-while-hedge-fund-press-shorts

It seems even the Americans are sceptical about all Bidens 'better than expected' data and our hedge fund friends are throwing money at the short side in an attempt to get the price lower. Gas prices in election year anyone?

Zero Hedge can err on the 'tinfoilhat' side but this article is backed up by data so we can but wait and see

I will take Senor Slim's accumulation of around £135m+ of shares over short term bb negativity any day.

Personally I think this pretty savage downmove has been engineered to take advantage of the lengthy period until deal completion, not helped by pretty cr appy current trading until it does

Well British Bulls is a c rap website giving out signals that no one in their right mind follows. You should fit right in

Now predicting a massive fall in gas prices starting next year. Do they have a big short running in Harbor lol?

*****************

'Oversupply' of gas to send prices plummeting next year, says Goldman Sachs

An “oversupply” in the wholesale gas market will send prices plummeting from 2025, Goldman Sachs has said, giving hope to families grappling with high energy bills.

The Wall Street banking giant said liquefied natural gas prices would turn lower next year and particularly between 2026 and 2028.

Although it warned Europe is not yet out of its energy crisis, it said there would be a “gradual softening” in the difference between demand and stocks “following a sharp rise in global LNG supply”.

Europe’s benchmark gas contract surged by more than 200pc in the wake of Russia’s invasion on Ukraine in 2022 as Vladimir Putin cut off pipeline supplies to the Continent.

Prices have fallen by 92pc since their peak at more than €339 per megawatt hour in August 2022 to about €25 today.

Goldman Sachs said prices for Dutch front-month futures, as the contract is known, could fall to about €15 in 2028.

Prices have already fallen more than 20pc so far this year after a mild winter meant consumption was lower than expected, with storage sites fuller than normal for the time of year.

Up to 266, down to 257 and a close at 260 (albeit with a naff closing UT trade) all done on less than 500k traded in normal market hours.

All things considered, could have been worse. Brent rising again now, though it seems somewhat detached from the HBR share price - being 50% gas is not helping I would imagine

Yes trully amazing how a miss by a partial decimal point can take hundreds of millions of marlet caps. Having said that at least the US market has some gains to lose.....the FTSE has gone sideways for 2 years whilst US markets hit all time highs

I guess the poor UK gas prices are probably not helping.....at 62p/thm they are way off the 100 used in HBRs 2024 forecast

Yes I know that, but the other factors I mentioned would normally see oil falling

Would normally regard it as very positive, but good old HBR drops regardless

Very unusual activity....

Dollar soaring, Dow and Gold tanking, but oil holding steady (in fact marginally on the rise)

Yet again a significant downward move (266 to 260) with no oil price move to justify it. Getting silly now boys

Well they left it late to drag the bid price below 260.....3 seconds of trade remaining!!

Hopefully these continuing matched pairs of trades are large holders continuing to add though we should all be royally miffed at how the price is being played about with to enable it

Christ I preferred dbno when he would occasionally appear to post his deramping twaddle...

This incessant ramping over small moves is so dumb - time to be filtered again methinks

Nice work people....from signing a hugely transformational deal to insolvent in a couple of weeks.

People have motives in dropping words like that into a discussion. Obviously repaying billions in debt, all counts for nothing when you run into the first period of poor cash flow.

Well, a relatively low key UT trade to close another poor week off. Anyone would think we never signed a 'transformational deal'

Have a good weekend all

I know you arent one of the bad guys Stupmy, but you are always gonna ruffle feathers a bit when you keep saying you will be happy if our investment drops more - especially after weve endured a fortnight like this one :)

Aye...yet another intra-day chart rendered meaningless by events around 3pm

Contrary to the Brent price.....just unknown parties engaging in price supression.....Mr.Slim?

Well they worked hard to keep it from breaching 260, now they pushing it down again despite the Brent price.....effing unbelievable