RE: Old Money10 Nov 2022 17:08
The government know exactly what they are doing and they are crippling the energy sector on purpose and pricing it out. This is the reset wether you want to admit it or not, thinking they don’t realise what they are doing is just naive.
The BOD don’t care either, those shorts knew the debt levels were never going to satisfy the markets and that’s come from pals in HBR, this is getting shorted down ready for a pathetic offer imo.
We should still be using that £100m buy backs now and if we need more than use more, these shorters are no scared at all. The BOD could make them think twice by activating by backs even at a very low rate, they havnt. Even £1m a day helps the share price and would last a couple of months, it doesn’t have to be blown so recklessly like they did when letting their pals slip out the back door.