Member Info for Peltata

But if it goes past 800p even I’ll be surprised if it stays there!

With the govt stepping regarding business rates, paying 80% of wages etc these businesses can shutdown much more effectively than first thought. The business model for Wetherspoon’s is proven and only a pandemic has knocked it sideways making it very investable when compared against many other companies especially those with debt issues that will now only get bigger.

If you shutdown so much of the economy it’s not surprising

Surely with everything else closing down the stock markets will too? No point in having ten days of volatility etc? Make sure you’re happy having your money tied up if you agree.

I’m in one now :-) thought it might be my last for a while as it’s inevitable they’ll be ordered to close - makes sense insurance wise, see if Sunak does this today but it’ll happen at some point.
It’s very quiet here compared to the usual atmosphere. Not a great few months ahead I believe for us all, but after that? Spoons definitely worth a look if you’re investing in the pub/restaurant sector.

Can’t see it crashing out, yet - the business model is very successful and it’s only weak spot is a pandemic. It may comeback with closures and cost cutting so reducing the rise. If spoons can’t make it through what can!

Roll on the 17th and the court hearing for news, would be a big plus if we get the maturity back to 2023

Was there equity dilution during Eons reverse takeover? Or just debt restructuring?

Brent up 10% PMO down 7% ???

Things were lining up nicely after all the patience of the LTH but now the debt reduction will take a delay with covid19 and now an oil price war. Hedges for H1 thankfully, hoping covid19 will be on the wain by then and oil demand back up. Several countries already appear to be past the worst Singapore, China, South Korea so some light at the end of the tunnel?

SA have to get the message across that they can do this at any time in an effort to discourage shale producers from ramping up when oil is allowed to come back up - SA need this to.

Brent is same price as at the close - we are at rock bottom (hopefully) but can’t see any news to take us back up. SA and Russia need everyone to accept what they can do to the oil price before they’ll change course.

Did anyone have a stoploss triggered first thing and sell at near 10p? Just wondering if this actually happens, it sounds logical, if underhand to say the least.

Exactly, at such a low price they can close their short and make money on the debt side plus equity on the way back. Keeping the short just increases the downward pressure for little gain and possible loss.

Long term at below $40? No, but shale is in a far worse position and it seems SA want to reduce their influence. If it’s just opec holding up the price their cuts get deeper as others try to supply the market - they can’t do it on their own so Russia’s refusal to help was the trigger for a total about face re strategy. I’ve seen figures for PMO from 35 down to 15$(production costs) so we’re not badly placed (any comfort?), if you are long not sure what options are apart from LTH and expecting this dip to be a short sharp shock rather than a new pricing era.

So this Saudi shakedown will hammer any long futures/options holders - even some big companies will be at risk today, glad l’m only invested at the coal face and not leveraged. How’s Deutsche bank looking these days? and any knock on effects from that.

The 20% jump when the SA oil refinery was hit was short lived - hoping it applies to sudden dips too!

Clocks in the us have already gone forward so WTI started trading 10pm U.K. time, till we put our clocks forward too.

Crashing oil is one hell of a tantrum from MBS, who backed opec cuts to support the price. Can only hope such a steep decline designed to jolt everyone will be short(ish) lived.

Not sure what Saudi are aiming for - unless it’s to apply pressure on Russia to cut production. Having a competition on who can survive at the lowest price is not something we need? Might shake down WTI but we’ve got enough excitement as it is thank you!