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Remember the 20% of assets sold as part of the deal were only 2 of SAVP 4 assets and hence you get Stub Creek and Niger for free at the current share price. Plus the good news in the pipeline,
1. new gas contracts
2. CPR on NIger
3. Partnership in Niger
Hence, happy to wait.
StarRage I'm don't know much in this area except that algos as their name implies involves using computer programs to implement a trading strategy. At the minute they seem to be trying to keep the price down ( not sure the reason - could be short closing or filling a big order - hard to tell) Plus as someone mentioned let the price rise artificially at close so next day it appears to be a large percentage drop. The psychology of a share price relentless falling is enough to test the patience of most investors and the algos pray on this. Hence, if you believe in the share, sit on your hands and don't look at it several times a day. Easier said than done and most punters capitulate and are easy prey for the algos
Sorry should have been "algos started as soon as my second buy went through"
It is interesting how when this starts to rise, people will be prepared to pile in. However definitely a test of nerves down here.
Have asked Santa to get a few tips put in the press over the holiday period.
Someone is determined to keep this down
As soon as my first buy went through the algos went to work, with one buy and a string of sells.
Interesting to ar how this plays out but patience is definitely required.
Can sell in volume but could only buy in £5000s worth
Bought 2x£5000 @ 20.4p
Will buy more if they take it below 20p
It does seem strange that the algos were working the price down for a sale, you would have thought the opposite.
Also the trades are exactly the same size. Could it be a transfer at an agreed price?
I assume these have been worked through over a period of time.
Apologies for typo in heading
This could explain the recent weakness
Got my limit buy at 21.4p executed at 16:11:44 and it is shown as a sell
Happy to hold this long term, the share price will finally catch up with the value here.
Algos at play - I see buys from them earlier this afternoon at 21.4p but still my limit order this morning at 21.4p for £10k has still not been filled.
Also, using dummy buy, can now only buy around £5k at 21.474p above the ask at 21.3p
The problem with BRH is that it is illiquid with wide spread. Hence, even on good news it doesn't move substantially. I believe that it has several promising investments but it will only be when one of them starts to deliver that the price will move. Until then, I have been happy to buy on quiet days using limit orders. Patience is required for this one and I am prepared to wait, having held for a few years now.
Although I promised not to add further, I couldn't resist a small top up with spare cash in my ISA (from dividends over the year).
As other have said, patience is required and eventually people will wake up to the potential in SAVP. Hopefully, today is just the start of steady news flow that will show that SAVP is starting to deliver and is no longer a serial disappointer.
lol - you can't beat the magic of the 8th wonder of the world - compound interest
There are probably numerous people have said do 99% of the time do nothing. One is Morgan Housel who said
"My basic idea is 99% of investing is doing nothing, 1% will change your life, and that 1% is the only visible part so it’s all we talk about."
see https://www.collaborativefund.com/blog/making-history-by-doing-nothing/
Unfortunately, I added heavily on the 7 completion but happy to take long term view that this will be many multiples over the next 12-18 months. Added a few more today towards the close so hopefully this is the bottom.
Does the price paid of the 25m shares next week depend on the price around the time they are issued?
If so, someone could be deliberately manipulating the share downwards.
Just a thought
I have being topping up again today and unfortunately yesterday as well.
Someone said that the new shares were locked in for 6 months - can anyone verify this as I have had time to check it out myself?
Totally disappointed in the AMER takeout price so have moved part of that dead money here.
I suspect others might do the same
Glad I took the opportunity to buy some at 105p this morning for my wife's SIPP. Great income stock around 6.85% at that price.
As it happens on Monday, I took a small punt on Argo as on Monday past as I wanted a small part of my portfolio to be in crypto as a hedge and diversification given the current economic and political uncertainty. Admittedly, I have been very sceptical about crypto but over the past few months I have been reading extensively on it and it has gone more mainstream with Fidelity for example offering trading for II in crypto.
On SAVP, it's great to see the recent rise, I have a small position (built up over the past week or so) but nothing like what I had several months ago when I sold out completely around 23p at a significant loss.
see https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks