Member Info for Pangloss73

OK it's this https://www.basnews.com/en/babat/810620

I'd like to believe it

Link to reports please

I would love to be wrong on this one, but I think you are well wide of the mark. Far from being collaborators, it appears from the May 2022 AGM that HG and TB have been engaged in a boardroom struggle as Gozal (and Higgs) were not re-elected to the Board.

Calm down dear. This is a simple PDMR dealing notification and the time limit is within three working days of the transaction. It's part of the EU Market Abuse Regime and not particular to London. Take a chill pill, or perhaps do some research before making such absurd statements.

Today's RNS states: "On 29 May 2023, Ümit Tolga Bilgin notified the Company that on 25 May 2023, Bilgin Grup Doğalgaz A.Ş. purchased 750,000 Ordinary Shares in Genel Energy plc at a price of £1.1108 per share, and on 26 May 2013 Bilgin Grup Doğalgaz A.Ş. purchased 25,000 Ordinary shares in Genel Energy plc at a price of £1.1100 per share. Ümit Tolga Bilgin is Vice-Chairman of Bilgin Grup Doğalgaz A.Ş., and is a Non-Executive Director of Genel Energy plc."

Bilgrin Grup already own over 22% of the company

176-192. What's occurring?

Nice rise yesterday but back down with a bump today - all on no generally available news. Impossible to make a sensible investment decision at the moment. Probably have more luck with Tripod Lad in the National tomorrow.

No. It's a mystery and not one I'm particularly enjoying.

I'm guessing the market was spooked by the curiously timed trading update, but I'm hoping the fundamental value will eventually be reflected in the price. IG is not exactly flying either.

Sadly, I think it's just ineptitude rather than cloak and dagger.

RNS section 11 states "This notification is being made following identification that because of a reduction in the number of voting rights as a result of a share buyback programme undertaken by the issuer, the percentage of voting rights held by the person subject to the notification had moved through a disclosure threshold. There has been no change to the number of shares held by Peter Cruddas"

Yes, it does seem odd. March volatility should have meant higher volumes too.

Zero. It would stick out like a sore thumb and they would not want to risk jail/fines when they are doing very nicely on salary/bonuses. Please stop posting nonsense.

"Whilst this is a short term hassle for the companies, the nature of Iraqi politics indicates it was always possible and it will even have a mildly positive effect on global oil prices. The parties are confident that the outage will be temporary as talks have been underway between the KRG and Baghdad, I suspect that it is not in the interests of any of the parties for this to continue.

As to the effect on the companies involved, again I feel that for shareholders it shouldnt be something they will notice. I know that in terms of its own policy, Genel are, whilst not being complacent, happy that their policy is watertight in these sort of circumstances. Their model is to ‘build bumps into the road’ to ensure that they get no shocks or surprises, on things such as production or payment gaps, the company have said that as such the dividend payment due in May is sacrosanct and will be paid in these circumstances. As such investors should use today’s weakness to top up holdings.

As for GKP I can’t be so specific as the company have yet to get back to me, if they do I will make a comment in tomorrow’s blog."

I hope he's right!

A trading statement at 15:51 - when does that ever happen?

Down 7% in 5 mins? No news?

...but the share price has been remarkably resilient today, given the shocking news. I guess a lot of the risk was already reflected in the price, but I'm still wearing my tin hat. I'm ever optimistic that common sense will triumph as all sides have too much to lose if they don't come to an amicable agreement, but who knows?

I feel like I've just been mugged. Again.

Yep, Shell's a damn fine company. It's a much better investment than Genel, but I can't resist a gamble.

err, I don't think you understand the business model here - GENL deliberately chooses to operate in areas of low costs and high risks. This ain't Shell.

Yes, really hoping it's going to fly over the next few sessions.

But as for comments like "the highly manipulated dinosaur market…" - if you have any evidence, send it to FCA or just ShutTFU

Oil and GKP both down with a bump, but GENL up 5% on no news! Seems very odd. Hope it continues.