I don’t believe he will be ‘throwing money at Scotland‘. Why would he? He has little or no political base left there. He will just (quite rightly) say ‘no’ to another indyref and leave The SNP to run Scotland for the next 5 years.
It is easy to blame the strengthening pound, but the SP's performance was not exactly stellar when the pound was kicking around the low £1.20s to the dollar. I'm just going to keep it on the back burner and accept that it's a $hit share.
Trump doing anything remotely supportive of 'human rights' is a bit of a joke - anything to distract from the impeachment hearings (and give him some more China-bashing ammo). I think Carrie Lam will get the heave-ho before the year is out. There will probably be some (minor but sufficient) concessions to the protest movement and things will simmer down. I think the risk of China going in with force has probably passed too.
Meanwhile, it's good to see Pru back in reasonable health at £14.
I don't think I've ever seen such instability in a major share. It's up and down like a yo-yo (oil price fluctuations notwithstanding). I'll be holding, but I certainly won't be buying any more. My only consolation is that the rest of my portfolio has more than made up for BP's abysmal performance (diversification being the key). If I don't use automatic reinvestment (for which my platform charges a flat £1 fee) I'll get hammered with dealer fees, so there isn't really an alternative.
BP never fails to disappoint these days. The SP is not significantly higher than it was before the 'great recovery'. I bought in at £4.70 in Mar 18 when it was still regarded as a somewhat speculative buy. The only thing going for it now is the divi. It always rallies come share reinvestment time, so you don't even benefit from the crappy average.
Most of the short positions to date were placed from Jan 18. The SP average over this period was somewhere between 600-650p, so I think short sellers will be getting a bit nervous now, given that they have over £200M worth of shares to find. Shorts have already dipped by 0.3% in the last 3 weeks. They probably aren't panicking yet, but I suspect short sellers' stop losses will start seriously triggering when the SP goes above 600p, which can't be far away. If we get a Conservative majority in Parliament next month, I think the SP will soar in anticipation of pretty robust defence spending and confirmation of recently won contracts.
As you say, it could well be a ploy to attract a realistic bid.
From what I have seen in the disclosure RNSs, most IIs are averaging around 300p, so I think they will tell Parkin and Sun Capital where to ram it. 90% of holders need to vote in favour of any bid and, if reports are correct, Parkin can only rely on a maximum of 40%.
It seems the short sellers aren't taking any chances. Shorts are down from 3.6% to 2.3% as of 20 Nov. Always nice to see shorters getting their fingers burnt.
"Debt funding is unlikely. It’s already failed, and when debt holders do not benefit from the upside unlike equity holders, they want secure projects that will generate consistent cash flows.
Equity funding is more likely but, with the company on its knees, nobody is in a rush to offer them cash. It’s better to wait for the company to be down and out then offer a highly dilutive placing, which will likely wipe out existing shareholders.
The only other option is that nobody offers equity and the entire project goes bang. "
Perhaps you could enlighten us as to which part of this does not reflect the reality of the situation?