Member Info for RG27

29-Oct-21 16:37:03 4.80 500,000 24.00k
29-Oct-21 16:40:34 4.55 2,500,000 113.75k
29-Oct-21 16:37:03 4.80 150,000 7,200

2,500,000 sold at below the bid price.

Any comments,

dflynch...
Should I buy shares?

Well I looked at CA a while ago and based on the asset value and the potential for Saba to force a sale I did buy in.

Bobat....
Tomorrow will be interesting to see a rise into the 5-6p.

Well you speculated 5-6p, and in out of hours trading it's over 5p.

Wonder how many profit takers will pull it down ?

If a director commits a tort, such as deceit (with intention to defraud) or negligent misstatement (a statement made negligently) in the course of company business, the director may be personally liable. If the director involves themselves with a company's wrongful activity which amounts to a tort, the director may be jointly liable.

If they are not covered by an insurance claim and are found to be personally liable, then I would hope that they jointly and severally have £18 million between them.

'redress' is legal action and I suspect maybe financed through litigation finance aka Burford type company. Who would be the defendant(s)? Would it be each individual director or an insurance company? Has a crime been committed and if so does this strengthen our case against them?

I wouldn't know for certain, but should the directors be accused of and found to be involved in a criminal act would not any directors liability insurance be invalid as far as an insurance company is concerned?

If so we could only hope that they have acted irresponsibly and without due care to their responsibilities as company directors.

Or am I wrong in the assumption?

Nearly the last deal of the day on Friday.

22-Oct-21 16:37:29 4.60 2,000,000 Buy* 4.502 4.672 92.00k

Gary,

If you had your £21,300 in a bank with inflation around 3% inflation would not take most of your interest, it would take all of it and then some.

Stick to shares with a divcidend payment of more than 3% and don't sell unless you can justify moving to a company with a better value, better safe inteest level.

I recently sold out of Vodafone with a loss of about £12,000, used the cash to buy Hurricane Energy which has so far given me a 25% marging and more than clawed back the losses on Vodafone, now buying back into Vodafone for the dividends.

Not that much pain as I bought at an average of 84p in 2016, sold sufficient to cover my initial investment in 2017, retained the remainder and now on a 674% margin.

Dividends go into a pot towards shares with a higher % dividend.

What's not to like.

I would think that the decision by Saba to vote for the winding up of CA will also have a bearing on CA's attitude to producing the largest possible income from Hurricane.

Isn't CA actively looking for a buyer?

Activist investor Crystal Amber (CRS) has received a letter from Saba Capital, a shareholder that owns more than 25% of the fund, saying that it will be voting its shares against continuation in the vote that is due to take place at the AGM this year. Because CRS needs a minimum of 75% of shareholder approval to continue, this means that Saba Capital is effectively blocking the fund’s continuation. CRS’s board expects that the next AGM will be held at a similar time to last years, ie in late November 2021.

CRS’s board says that, at the last AGM, it noted the diversity of voting in respect of certain resolutions including the continuation of the share buyback authority. Since this time, CRS has consulted widely with its shareholders and the board says that, in the light of the letter from Saba Capital, will continue to do so. In particular, the board will be looking to formulate proposals to reorganise, reconstruct, or wind up the Company following the Continuation Vote not being passed at the next AGM.

Senseman.

Whilst the continued increase in Brent is potentially a good thing for Hurricane, surely the price of the last load is likely to be based on the average 5 day price at the begining or end of the month of the upload at the discretion of BP?

If so it is probable that they will take the first 5 days which would average out in the region of US$80.00.

We'll have to see what the price does for the next load to see the benefit of the above US$80.00 price assuming it continues to climb.

Whatever the price anything approaching US$80.00 is brilliant.

I have just tested a sale of 100,000 and was offered 4.15 whilst at the same time I have bought a couple of reasonble amounts at 4.189

It looks as though there are a substantial number being hoovered up and showing as sales and it's keeping the price fairly stable at the moment.

Cat5.

You can afford soup?

nidgeyr

The share price is dependant a variety of things, however there were only 43% buys against 57% sales by number of shares.

The ever present profit takers, I'd not worry too much, the good sign was that the sales came in later in the day and didn't all pile in on Monday morning.

With the price of oil in the US$80.00 plus range, if it stays up there for the next upload of oil then that will be excellent, however this recent upload is likley to be sold at somewhere in the region of US$72.00 based on the purchasers choice of the average of either the first 5 or last 5 days of the month of upload oil price.

US72.00 less of course BP's costs and fees per barrel is still a good price as far as Hurricane is concerned

https://www.vesselfinder.com/?imo=9190028

For those interested in the current position of tanker and platform.

Topcat.

From quick profit takers, day traders, low AIM MCap stock manipulators (and there are plenty of them around in HUR!), MM,….

Profit takers in abundance today. between 8.00 am and 9.53 am

Sold 10,700,374 (£428186.70)

Bought 3,830,440 (£153936.20)

Ricardo.

Originally bought in around 40p and continued to purchase all the way down to 1.5p.

Average on my , a little under 900,000, holding is today showing a modest profit, though I'm sure that I'll get back to a loss as short term profit takers cash out.

Sense,

We have a confirmed 81 emails sent. SH's who read the forum but have not registered as members so do not post, will also have written. Or SHs will have written but not informed the forum. So likely circa 90 emails (poss more) have been sent.

Certainly more may well have responded, my wife has a few thousand pouunds worth in an ISA but is not a member of this board and, on her behalf, I emailed the NEDs.

It's about time that the bid ask spread was a little more sensible and that besides the inevitable short term profit takers there are some interesting buys.

05-Oct-21 08:01:29 3.70 1,000,000 Buy* 3.66 3.698 37.00k
05-Oct-21 08:01:29 3.70 1,000,000 Buy* 3.66 3.698 37.00k

Sense.

Did you log the one I sent 30th Sept at 14.45.

If not then you could add to your collection.