Member Info for ocelot

Hawkey,

If you are m'Lord and JL is your Dad, what is JL's formal title?

Blissfully peaceful on here, for the first time in ages.

"Investor confidence in the UK stock market has plunged to the lowest level Hargreaves Lansdown has ever recorded in its regular survey of clients, which began in 1995" (Citywire article).

Funds are being reallocated to overseas markets, because of Brexit.

Doesn't explain why GKP has been performing better than Genel recently, however.

the market's almost come to halt!

than yesterday at this time, maybe 3 times as much, at 28.5m

one London trader complained yesterday amid some conspicuously paltry trading volumes".

The opening sentence of today's market report in the Times.

Blame attributed to Brexit plus uncertainty created by global trade wars.

If you sell shares into the market that have not been authorised, issued or admitted to trading - what then does that constitute?
--------------------------------

Naked shorting, but only the MMs are authorised to do that, I believe.

Treading water in lacklustre volume.

Looks as if oil exploration doesn't necessarily produce the goods overnight!

Total net assets: $1,672.9m

@1.32 = £1,267.3m

Per share = 454p.

Current share price: 229.50p

Discount to net assets per share: 49.4%

It needs the stock to rise sharply to bring in the buyers!

Success breeds success.

No problem, but if it's the Empire State, probably advisable to take a pause from time to time.

$79.56

Are you waiting for the report before deciding whether you will invest, cockernhoe?

Oil jumped after Saudi Arabia expressed comfort with Brent oil prices rising above $80 a barrel.

The MMs do their job and make a market in the shares - nobody could buy or sell without them.

Agreed, comeonvog.

The fundamentals are very solid and getting better all the time.

In addition, there's the possibility of a pretty tight oil market in the coming months.

All that's lacking is the continued re-rating of the share price, but, hopefully, that is just a matter of (more) patience.

comeonvog,

We won't be debt free at the year end, because the $300m debt will still be there.

But, by the year end, cash resources should be equal to, or a bit more than, debt, so we will be net debt free.

confirmed - don't think he's ever sought to hide that.

... The more pressing issue is the fact that Iran’s exports are falling faster than most analysts had anticipated. A supply squeeze could be enough to push Brent firmly above $80 a barrel for the first time since Nov. 2014.

This winter could turn out to be a hot one indeed for oil markets.

https://www.bloomberg.com/view/articles/2018-09-16/iran-s-export-pain-could-mean-a-hot-winter-for-oil?cmpid=BBD091618_OAS&utm_medium=email&utm_source=newsletter&utm_term=180916&utm_campaign=openasia

When it does become a robust investment case, there will no longer be question of buying the share in the low 2s.