Member Info for Raydio

I doubled my holding in December after the fall in SP following the trading update as I believed Spire had a good future. I was in the shares in 2021 when the 240p bid was in the offing which came to nothing. Made profits on trading which offset some of the paper losses on original holding bought years ago. If the current bid news follows through to anywhere near the 1.5 billion valuation I will be over the moon. The buy last month looks well timed. Spire's deadline of 20 Jan for interested parties to make themselves known gave me hope a bid, breakup or a sale and leaseback of property portfolio could release value........... and so it may be happening. The 240p offer mentioned in 2021 came to nothing. Let's hope this time we have action. Monday should see a rise in the SP in anticipation following the Sunday paper article.

Recently the news flow has become more positive and I sense a turning point (not for the first time over the years I might add ! My first investment in PM was on 15/5/20 at 2.39p and I made a note that I had a gut feeling about this company. I was not wrong as in May 21 the SP rocketed on positive news and in the spiked rally I sold on 13/5/21 at 7.91p . The SP peaked at 8.50p on 17/5/21 according to Google after which SP fell back as spikes often do. Following a raise by the company the SP dropped to circa 2 or 3p. I don't get timing of buying and selling that good often (not many do I suggest). I have kept the faith holding a lot of shares because I still have that gut feeling PM is going to be something special, despite the delays, the disappointing RNS's, the raises etc. I have traded for the last 5 years profitably on the volatility of this share but kept a significant number of shares ready for the turnaround I still believe in. My current holdings were bought at 1.15p, 1.494p, 1.845p, 2p, 2.75p, 3.238p, 3.69p, 3.92p, 4.148p and 4.798p. Many profitable trades made over the last few years has made PM one of my most successful trading shares - Yesterday I sold my shares bought in the last raise as a 75% gain was too inviting despite my belief good news might be just round the corner. I have seen too many ups and downs in the SP, euphoria and disappointments not to takevadvantage of profits at a certain level in case they disappear on a fall back.

However I firmly believe that PM will become a multi bagger in time and when the market reacts on really good news my existing holdings value will outshine trading profits made over the years. Never doubted that "gut" feeling and trade for profits to cushion any losses should the worst happen. Let us hope my 'gut feeling" proves right in the long term................and long term holders have already waited long term!

Rarely does anyone buy the actual bottom. I recall doing it once in over 40 years. We seem to be stabilising around the 24p mark. Like bungee jump elastic I am hoping for a good bounce up from whatever the bottom is. I buy for the long term but happy to trade volatility in addition - which has served me well. Don' t always get it right, had my fill of disasters but they have decreased as I got wiser. I regard Wood Group as a punt as until the review is completely out of the way along with the result, which hopefully do not add to the woes, there will be uncertainty. Management shake up or indication of approaches would be welcome.

Having bought 4 blocks of Dowlais between March 24 and Oct 24 at prices from 84p to 51p as the SP fell this is great news. I was holding for a recovery in the industry and I hoped for a return to £1+. A surprise announcement and I wonder if anyone else might show their hand.

What is vox?. Just search VOX markets in Google, select Vox Markets website and then scroll down to Burberry article. Presumably will come up on other search engines as well. I am hoping for a bid. Though traded profitably on the volatility I am still well down overall.

I also find it odd there is little share price movement. Perhaps with winter coming and the usual shut downs people feel it best to wait before committing., who knows. We have waited so long for a meaningful rise, looks like another wait. Still very optimistic and await further update to news yesterday.

Investor 33..............Your post reminded me of the events of 10 July 2023 when the SP dropped on news of an unsuccessful drilling to a level which I thought was well overdone. Within a minute after 8am I bought at 2p. Many others obviously felt the same about the drop and the fall reversed dramatically. Within half hour the price had gone to 3.975p at which I could not resist selling for that size of gain, almost a 100%. It went higher but I was happy. With the positive RNS this evening I see a good rise tomorrow. I trade Petro Matad shares alongside long term holdings and it has been very profitable. I was fortunate (just lucky with timing) to sell a large chunk of my long term holdings when the price rose to 7p before it fell on a raise. I built up holdings since and traded some. One thing I have always believed is eventually PM shares will become a multi bagger. Like most I did not expect to wait so long but hopefully we are now at "the" turning point. We shall see in the morning what the general consensus is when we watch the SP. I never want to be out of this stock.

Maybe it is because it is registered in Jersey, although headquarters are in London. Jersey is self governing and has its own fiscal policy. As I say "maybe". I am considering buying so you mentioning there is no stamp duty is useful information.

I see a massive turn around in the share price. The fall has been severe. If the ship is " now settled "and turning "this will fly" as Teddy said. Any one considering bidding will be well advised to act sooner rather than later, before the price rapidly rises. If Entain decide to offload some of their assets that would bolster the balance sheet and simplify things and even bring about a special dividend possibly. It really does look exciting going forward. A bright spot in today's sombre market mood.

Nice to see the rise today but as you say it all hinges on results tomorrow. I added at 511 (previous buy 597). Hopefully we have something to cheer about tomorrow but I look long term anyway if things do not go my way initially. I doubt Entain will go bust, more likely a bid/breakup scenario if turnaround in fortunes not foreseeable.

MaryBr190.........I am considering taking a position but not hovering over the buy button yet. Last time I was in was 2020 when I turned a profit during those uncertain times. Normally I have a long term holding and other holding(s) for trading but closed out my WPP position completely. By the way Mary I came to your defence on the Entain messaging board.

Even if you do not believe in the integrity of the London Stock Exchange day chart for 29 July showing a rally to 612 between 14.30 and 15.45 then have a look at the share price at the time the messages were posted here on the afternoon of 29 July. At 15.04 when Mary posted sthe SP showing was 589.40. The next post by Teddy at 15.14 showed the SP as over 601 confirming a rally, was in progress in the late session. My own records confirm it went to 602.2 after my purchase. I no reason to doubt the rally did not continue further to 612 at 15.45 as the LSE chart shows before coming back down erasing much of the rally gains at close. Other sites that give a historical 1 day view of 29 July also show a late afternoon rally albeit to 610 before coming down, erasing most of the rally gains at close. The rally is gradual over the 1.5 hours and not an erroneous spike as sometimes happen for a minute or two. There is no reason to doubt Mary as available information from different sources supports her post.

Entain chart for 29 July 2024 at the London Stock Exchange site shows a rally in the SP from 583 at 2.30pm to 612.40 at 3.45pm then the SP fell back towards close. This supports Mary's in and out figures. I bought more on that day at 597 to add to an existing holding and am contemplating buying more following recent falls.

If you look at the chart for Entain on the London Stock Exhange site for the 29th July 2024 you will see that the Entain share price rallied from 583 at 2.30pm to 612.4 at 3.45pm so there should be no reason to doubt Mary's "in and out" comments. The SP did reach 612 at 3.45pm on 29th July 2024 before falling back. I bought a further holding at 597 on the 29th July as I believe this company will turn its fortunes around or get taken out.

Sometimes when an offer has been made for a company other companies may come forward and make a better offer. With such a small premium to the SP before the bid announcement some may think this is a possibility. Also as you suggest the shareholders could reject the offer and it does not go through. There has to be a majority of votes cast for the offer to succeed plus the total number of votes cast have to represent 75% of the value of the company according to the appendix to the offer. I am holding my shares at present. Fortunately I have traded Acroll profitably an although I make a loss on a holding bought at 48p I have a profit on some bought at 34p plus the trading profits to date. So Acroll has been good to me overall. Not always the case with other stocks but it's part of investing for most, you win some you lose some.

Paul Curtis

Similar to you I have been investing for over 40 years and have learned many lessons the hard way but never gave up. Now somewhat wiser, less emotional and cautious I have built up a diversified portfolio and have no one stock dominating my exposure. I still buy on gut feeling, often after big falls and my stocks have seen both dramatic rises and dramatic collapses over the years.......and still do. None of us is completely immune from shocks. Having recently turned a good short term profit with Petrofac's rise at a recent high level I am also cautious about going back in at this fall back to circa 29p at time of writing. I see the rise in shorts and the possibility of a fall if a rights issue at a low is announced. That may not happen, we may have asset sales, debt for equity , placings or whatever. Though these will almost certainly see Petrofac sort its balance sheet out and a rising share price in the medium term, I feel there may be weakness until those announcements. On the plus side for me I still have a longer held holding in loss which will benefit if there is an update which is met positively by the market and we have the biggest short squeeze in years in the market. Being in my 70's I am optimistic on Petrofac's future but short term am not prepared to buy back in whilst shorts are so high - I expected them to close after the recent update when the SP moved strongly up but the opposite happened, albeit only small in percentage terms. In a way I cautiousness is proved wrong and the the more optimistic here make loads of money, my existing holding will increase in value, but not prepared to re-invest the recent Petrofac gains by buying those shares back or even more. Will still be tempted if it moved back to my previous buy level of 19p which I doubt it will.

I have not bought back in yet. Watching the SP movements and overall market sentiment generally. Yes my earlier post in the week advised the selling at just over 40p.

Hindsight is a wonderful thing. I was one of those that doubled my holding at 19p early Dec. I wavered at 40 wondering whether to sell those for a 100% profit or hold on. I agreed with most the SP was still low. However a 100% profit in a month is rare and so I took the profit. I still had longer term holdings (in loss) which would benefit if the SP rose further. Never in my dreams did I envisage a fall to current levels although such a fall does allow me to buy back in at the lower level. We need news on restructuring the balance sheet. If it is favourable the SP will rocket. If negative but not heralding the demise of the Company or a huge dilution of existing shareholders, the SP will find level, up or down, stabilise and overtime we can all buy more and look forward to a long and profitable relationship with Petrofac barring any unexpected events. Current sentiment and comments made me think of the well known quote " Out of the gloom a voice said unto me Smile and be happy things could be worse etc etc" ( if you do not know the quote Google it... to find out how the quote ends). Which way the SP now....I hope it is up. Best wishes to all.

I bought at 19.01 early December almost doubling my holding and swayed as to sell or hold at over 40 last week. I succumbed and sold that holding for a 100% gain. This helped reduce paper losses on the original (still held) holding. I realised I had a similar investing outlook to Mary where we both sell into a rally, rather than wait for a top. We exchanged posts some while back. However I wavered with Petrofac as I saw Petrofac much, much higher at some point. But recognised shorters were not closing much and the balance sheet restructuring through asset sales, improved cash flow, placing, rights issue etc might not be as easy as we all expect. I want the continued rally and especially a short squeeze but until there is more news I do not see a flood of buyers to raise the share price to panic the shorters at present. I hope I am wrong. My sale at 40+ crystallised the profit and reduced risk with holding Petrofac if the SP fell short term, which it has slightly. If it falls more I will consider buying back, but will be just as satisfied if it rises strongly adding value to existing holding. We all really need more positive progress news to attract more buying in such numbers going forward to put pressure on the shorters. If they were not closing at 40 in significant numbers and they believe Petrofac is not going to improve their balance sheet significantly they are not going to close with an SP at 37. But as I say I hope I am wrong, the shorters close, buyers flood in, the SP rises and more pressure on the shorters and we repeat the cycle. But 100% profit in a month is rare and I caved in and sold. All the best for the year ahead to all.

Obviously we'll pleased with the deal and subsequent rise in SP. With the deal not completing till late 2024 I think the SP will settle after the euphoria of the deal dies down and be responsive to the oil price more than anything else after. The euphoria or at least positiveness I think will continue for a bit yet. Positive comments and upgrades are coming and they may well be favourable comments in the papers for Harbour over the festive season which usually have an abundance of shares to buy. I hope so, but if not I note Jeffries says "the deal is compelling", Bank of America has a buy rating with a target of 460 and Barclays says buy with an"overweight" rating. Been with Harbour (and Premier as it was listed before) and the journey not been favourable to date. Have bought several times but at least one of my buys is now moving into profit and I am very optimistic now that my overall holding will prove profitable in the future if and when the deal goes through. Besides nothing jeopardising the deal "all I want is a rising oil price (which seems likely) in 2024 to ensure the SP remains in a steady rising trajectory and any bid or consolidation in the sector will be icing on the cake. I now regard Harbour no longer in the doldrums within my portfolio but a gem to treasure and get a good dividend while I wait with confidence.