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Double bottom on the daily chart, should see short positions reduce now.
If ABDN try thinking they are smart and buy anything remotely bitcoin related i’m out before any stupid dividends get chance to land. Worlds gone mad.
£25 million spent on buying 5% of Boku a mobile payments system app. MC £550M. Turnover £80M. Profit £9M.
Not sure ABDN got a cheap buy in price.. unless I got it wrong.. maybe I am too old fashioned
Have just bought in small here first time, 1500 shares.. bailed out of EPL Enquest :(
Ed has got more important things to do like rip out our dual carriageway to build a single bottle neck allowing room for a green cycle track in Mexborough (Doncaster) thats his next major project as our MP, even though we all don’t want it. Its called levelling up.
The other major project we want Ed to sort out is our airport shut by Peel Holdings, they reported it unprofitable during the last ten years but really Peel are just closing shop to evade some other dodgy deals. The compulsory purchase money is in place but corrupt Donny council won’t release the cash until Labour win election making them look good.
Donny council should be placed under special measures to oversee the years of waste. Highly paid WFH wasters. Streets full of rubbish. Roads with potholes. Staff hiding behind emails and computer says no.
My interest has always been North Sea oil but the Energy Levy has taken the shine off that so just looking for alternative options. I hope nobody minds me joining in here with these low prices?
I got same exactly reply from James (IR) so added some more.
34p close??
Yes i saw that ftsefan, could be partial covering the shorts, either way it’s upwards pressure.
Rising from 31p, maybe 31p was the low point
Answer for Ed regarding short theory..
Borrowing 5% of the allocated shares is about 25M shares.
During a normal trading hour there is maybe only 100,000 shares available to be sold for cash.
After each 100,000 shares are flushed out the Market Makers move their own block say 3% lower.
Some longs (say another 25M) join the sell side which adds to the order book becoming exhausted.
25M or 50M shares being sold over a few weeks creates this situation.
That is how a 5% position can override the 90% who just sit there.
Snorters close on fridays to buy the cocacola
Thanks for your updates Ron, quietly reading and watching... going to saw some logs up (by hand), while the sun is out...
Keep laughing at me. there is something very wrong with the political direction and has been since tony blair, well even thatcher went too far getting police men to beat miners who just wanted to put dinner on the table. Gordon Brown spent £50B buying half of natwest that even now is only worth £20B. Don’t trust the governments with our money and effort. Look at how much each MP spends on an office, some spend like £4k a month. Crazy money grabbing control freaks who get everything wrong on purpose. Lockdown has made everything unaffordable and the ignored BREXIT completely even though half of europe wants out. EU has two parliaments and sends a train between each one to move the documents. Meanwhile Rushi is having meetings about AI and people are homeless and worried about heating costs, it’s beyond ridiculous.
Agreed Jeff; Enquest is only a snip away from nationalisation thus energy security.I suppose there has to be a transaction for this to happen. Amjad could stay on the payroll with very minimal input. The debt becomes cheaper via government backing. What price does the treasury step in? Do they start to put all north sea assets into one entity. Then manage the decline. All producing assets owned by His Majesty with private companies just doing the graft.
Yes Tiger, EPL need looking at in court.
Could do with a close at 15.5p today to make the chart look right
Yes Stumpy, but Ron told us to do it, I've done it.
It's too high and both parties want to win. If it stays unchanged then oil goes to $200 per barrel and we import everything with no tax to the pot. It's a balancing act. Amjad should get a few barristers on the job to highlight that the investment, worry, effort and foresight has been highjacked..
Martinen - I agree with Jan and Stumpy. You are in a stressful situation that will be resolved. I have had shares delisted, moved/transferred to Australia then I had to move them to from Halifax to IBK who gave me a new allocation that I sold online. The form filling was new to me (and finicky) but you may not have to do that part. Also my fathers pension share options when through three company mergers de-mergers and transfers to three different brokers but in the end we cashed the options in USA and then funds were sent to UK bank.
Dear Mr Miliband,
As always, it was a pleasure to meet you and your colleagues at our local youth gym/boxing club last year and also at Mexborough Business Centre the year before that, both community focused efforts that I lend my skills to via my contacts. Everyone is always pleased to see you in the area as it raises us on the Levelling up agenda.
On this occasion I write to you on a different topic especially with the favourable odds that Labour will be a welcome change to the directionless governance we have had since the 2010 coalition.
I firmly believe that the most success this government has had since 2010 is simply the reduction of plastic bags floating around our country side and the oceans. Everything else has been a wishy washy waste of time.
The subject I would like you to reconsider (to remain current and credible) along with your colleagues and the media is Oil, Gas, Renewables and the Energy Profits Levy. For disclosure, I declare that my family has been investing in UK Oil and Gas listed companies as one of the last safe havens for our hard earned money, specifically in the most part Enquest, headed by Mr Amjad Bseisu, someone who appears to have worked hard to overcome the difficulties surrounding being raised in an unstable middle east. Choosing the UK as a stable and prosperous base.
In order to be brief, here are my concerns and proposals.
1. The EPL is hitting the small/medium companies, not the super majors.
2. The EPL is not helping the transition.
3. The EPL is discouraging national production and encouraging foreign supply.
4. The EPL will result in no tax contribution to the treasury as abandonment nears.
5. The EPL should be split towards 10% government inflow and 10% company retention for allocation to green projects (not carbon capture as this is a false dream looking at the facts).
6. British companies should be supported not demonised.
7. The energy transition should be laid out carefully with industry leaders.
8. Just stop oil should be appeased by bringing them to the table but stop the deluded chaos that they could cause. The working man (your voter base, if livid at their liberal idealistic, unrealistic approach).
I could go on but you get the idea, I believe the EPL will make Britain poorer faster.
Everybody accepts that moving to renewable energy solutions is the way forward but the EPL is too drastic and puts our national energy security at risk which will result in unmanageable inflation for us ordinary people of the UK.
Please could you rethink the energy strategy by talking to knowledgable industry people like Amjad Bseisu who if you haven’t already met I can vouch by saying if I can talk to him face to face then I’m sure you would have much more vocabulary between you than a simple Yorkshireman.
Either way, good luck and I hope you get a seat at the table because I’m no fan of the current setup despite coming from conservative background.
Thank you for reading an