Member Info for nightflight

Well it did just rise a fair bit on heavy volume. Not sure why as they just did a stinking great fund raise. And no matter how good a company they are they raised that money because they need to spend it. I will certainly be evacuating a large amount of my holding if we are lucky enough to get a spike.

It looks like it's the endgame if Tosca accepts the price. Or a hopefully massive SP jump. Either case will be the second time I have lost a load of money spread betting and eventually made it back. Lesson learned this time - never again! Unless Richie has new and better ideas he can share - are you actually in profit from IG though? Interesting to see if the derampers ever come back.

One thing I agree on is that the only lowest SP that really matters is what Tosca paid. And it is in their interests not to stuff the PIs or at least not let them think that will happen as it only harms the prospective TO price to have the SP trading at these levels. And fwiw they said themselves they were looking for a good outcome for all shareholders. I topped up a while back for this reason - it's just minority shares trading. The improving outlook has turned up as a not yet expected bonus.

So that was the day that was and only Tuesday. With my meagre @20p top up i am back where I was pre suspension plus 500 quid - but that's better than a kick in the teeth. Can GP guess what sp will be by cop friday? Should be 2 or 3 days momentum after a break out like this.

Designed to drive it higher to trigger sells or more buys even?... The SP should be higher than pre-suspension anyway now that some payments seem to be coming in sle's direction, oil trending higher, institutional buying and a potential offer still around. I don't buy the spreadbet firm conspiracy though. The negative posters have been around for long before the SP low point - may have just been individuals or firms with short positions or people just furious at fanning. The spreadbet firms actually don't mind ordinary joe people making money - they will get sucked in and just lose it another time.

An acquaintance of mine used to work on the trading desk for CMC. He sure had some interesting stories - they do actually have to take measures against a handful of players who they even know by name, who rinse them basically everyday. Usually they just hedge themselves. Not sure they would bother against people like us. Am intrigued to find out more and at some point I will get the lowdown on a situation like sle at it's current juncture. Is sle really a most heavily spread betted stock?

Richie, could you possibly articulate exactly what you suspect the spreadbet companies are doing. You think they are just trying to deter people from holding or opening new long positions in sle as it's just matter of time before it multi bags and they get rinsed? I have seen occasions where they just say they can't find an accurate price or phone only etc and I suspect that is the motive, but having fake posters on a bb is another level.

Yes this looks like an inflection point. If the drop on relishing was due to an unfounded belief that the offeror had pulled out then Mr market was gravely wrong. Am now relieved I didnt sell my holding and also topped up my spreadbet. The sp should recover somewhat from here. Fanning is still a disgrace though.

You would think Tosca would want the SP to settle somewhat higher and hence get a higher bid price. So by that logic maybe they really do want to replace fanning with a credible CEO. A steady industry veteran semi retired could make a good caretaker or maybe anyone who doesn't stick their head straight in the trough. Maybe they just can't find one in a hurry.

Well it definitely leaves the Tosca guy needing a new nickname other than the Rottweiler. More like the Dodo. Interesting he has let Fanning make such a fool out of him and apparently get away with it.

Have any if you ever been to the AGM? I hope fanning is loudly confronted this time, especially about the bonus and the renting out his flat to the company. Obviously it's down to Tosca if he stays and I am just hoping for a buyout to get some of my money back. But it would be nice if there was a reckoning with OF - that's where the FCA should be investigating imo rather than "market manipulators". I wonder what was really going on in Poland all those years, where the bod just pretending to run an oil company?

Received my postal voting forms for the AGM at the weekend. Was pleasantly surprised to see a box to tick whether or not Fanning is reappointed. I did my bit and ticked NO - just hope everyone else does the same. Company lacks credibility with him in the chair.

I want this out of my hair, like most probably, and a takeover asap. It's in Fanning's interest to delay as long as possible though so he can keep collecting. What are the rules on throwing him out? It needs a 5% shareholder to requisition an AGM and a vote right? Can't a bunch if us shareholders form a group and do this?

I am still hanging onto my shares. I think things are just starting to line up but the biggest damage to the SP and sentiment is derived from Fanning's continued presence on the BOD. The investing community isn't taking this company seriously while they think it's being run by an embezzling crook. The renting of his own flat to the company, the huge bonus even after the appalling decision making - to oppose the avabone claim. If anyone is going to the AGM then please confront him. Also I am worried there may be a new spanner in the works with Morocco coming up if their force majeure claim is thrown out. Needs reassurance on that.

The 34k "sell" was surely a buy also right? As it didn't drop the sp.

My one is anyway. The 4800 or so