Member Info for PUTUP

"PUTUP's agenda is clear. He repeatedly claims GKP is worth much less than the sp "

Not once have I claimed this. I think it's cheap (and have stated my valuation targets) but currently for good reason. Yes, I should have sold the lot when the stock was over £3. Coulda woulda shoulda. Like everyone else.

Yeah, you guys are extraordinarily slow learners...

Good luck relying on that

So how would a professional look at this?

1. Assume any advantage beyond UK microcap funds is trivial (position weighting just too small to be worth the bother). Certainly the case beyond Europe.

2. Determine the weightings in the MSCI UK Micro Cap Index (sub index for the global one). Is it even large enough to be meaningful?

3. Determine the total funds under management in the top UK micro index funds (active or passive) WHICH ARE BENCHMARKED to the MSCI UK Micro cap index

4. Determine potential passive demand (index neutral position)

5. Compare that with those who already have a position in the company and look at the delta for potential incremental exposure

Since gggg21 has done all this work and concluded there will be large buys as a result perhaps she/he can share the workings that led to this conclusion. Or perhaps the statements were simply guff. I'd bet on the latter.

And how much to the Micro cap index? Hint: the largest micro cap ETFs in the world don't use this index. Inclusion in this index isn't the same as being included in, say, the MSCI World Index. You have to do the work for this index specifically.

And you are yet another who thinks, when things don't seem to go according to your plan, to blame some external actor whom you accuse of conniving to manipulate the market for their own, 'big MM' or clients benefit. Muppet.

Good luck thinking there will be 'big buys' from inclusion in that piddly index. Answer the three questions below before you shoot your mouth (and foot) off.

"The shorts may have been deliberate plot to get price down for the funds or that fund to be buying shortly"

What a load of boll*cks. The shorts are computer model driven funds. Some of the cr*p I read here is extraordinary.

How much money do you think tracks the MSCI Micro Index?

What do you think the weighting of GKP will be? (Hint: there are over 6400 constituents (6419 currently prior to the upcoming adjustment) and the tenth largest has a weighting of just 0.1%.)

Based on the answer to the above two questions, what do you think the passive demand for GKP will be as a result of index inclusion?

What does exactly?

There's a lot of PIs already long and hoping that happens...

It's pretty comical (dark comedy) that a return to 100p or so gets a "boom"

So much for the '99p shares all gone' crew

Typo $20

Well you were also inferring stuff about various trades. And that needed correcting.

I think we can all here agree that we think the oil will flow eventually. That's why we own the stock. The question is when, on what terms and what that will mean for the GKP share price. I'm already modeling a reopening of the pipeline in April but am beginning to think that's optimistic. And I think the more important variable for stock performance is whether and when we get paid the receivables. That requires "the oil to flow" but also a lot more.

They haven't agreed anything with the IOCs. I think they merely now UNDERSTAND a little more as to why cost recovery has been so high (it's been a lot higher than $2 barrel) stemming from very large prior investment that has only recently been recovered. Now they need to UNDERSTAND more about how much more of that historical cost recovery remains (CRP balances) and the costs associated with future field development and what that means for future cost recovery. Then they can start talking to the IOCs about their contracts. How long all that will take I've no idea.

Trade type "off book" MIC "XOFF". Where the SETS bid/ask was at the time of reporting isn't relevant.

You guys are hilarious. Best you go learn about the timelines brokers have for off book trade reporting and, also, how they can conduct that trading. They can report the crossing of multiple internal orders at a single price as a single trade. And have time to do so.

Ha! I suspect you'll get another look in the 90s at least. (Despite all TSSZ's natter about "huge" after hours buys.) For now the 14 day RSI is a little oversold but good reversals tend to be off even lower RSI levels. Absent real news I expect the stock to drift in its present wide range. Good luck!

I thought you had a £100k slopping around needing a home... :)

"BTW - just to confirm we agree a buyback shares are cancelled?"

Unless held in lieu of new shares that would otherwise be issued. For example, if there weren't enough shares in the EBT and hence the company would otherwise issue new shares to meet the demand of option exercising then shares bought back can go into the EBT. The net effect is the same.

If I recall correctly there were 9.48 million zero cost options awarded (not all vested) as of 30 June '23 and there's about 1.3 million in the EBT. (Another chunk might vest post the FY results.) If the number of options expected to be exercised in the reasonable near term exceeds 1.3 million then it would be fine for some of the bought back shares to go into the EBT and offset that new share issuance.