Member Info for rylidan

Absolutely superb that they've paid a Q4 2c dividend. Equates to a 15% yield for full year. Expecting 2024 to be even better.

Shorters don't normally fight against a buy back. No such luck here. Reduce the dividend and switch half to buy back IMO. Good for anyone who pays tax on their dividends.

So in less we've gone from being a great buy, to being a great sell? What about the recent reassuring RNS! Being played with I reckon, so time to take advantage soon and add to my collection.

GLA

Buy backs taking effect in lower volumes, as expected. The panic is subsiding, and we should climb slowly past 60p, towards 70p, I hope!

Oil reserves RNS. Not showing here yet!

Sorry for the spam while I'm watching the Africa Cup final. On 26 Jan Blackrock held net 5.26% CREI, and 5.22% API. On 9 Feb they held 4.91% CREI but 5.71% API. Allow for the .78 factor on API and I think you'll find their overall position is about the same. They look confident this deal is going through IMO.

GLA

They still own almost 5% of CREI. Reckon they may need to increase their stake if its related to a tracker fund, and they are doing that by buying API. The combined company will be considerably larger than CREI now, and attract more institutional holders IMO.

Look at the forms from Blackrock. They are buying API and selling CREI using cash settled derivatives. I believe they could be making a profit on the price differential. As I stated earlier.

Cheers

GLA

Take a look at the trades. It's mainly the funds playing with the shareprice and manipulating a profit pre merger. I reckon it will correct as soon as the merger goes through. Just my opinion. I have a good size holding in both shares and have voted for. It was an easy decision.

I am sometimes perplexed by the share price movements here. I saw no real reason why we stopped rising at 50p ish, and then why we fell from 48p to 43p.

Just looked at the OTC market data. It appears the US market shorted PTAL at those exact points. Currently over 6m shares short, which they need to buy back at some point. With a strong update this week I'll be now watching the short data closely, as there should be considerable demand after another 2c dividend IMO.

Yep and looking back previous announcements have been on 13th 8th and 11th the month before dividend. So looks very much like next week. In which case with the excellent production recently and stable oil price, 2c is looking more likely. Here's hoping!

GLA

9% dividends and an annual 4% increase in the share price. Try and beat that with a GILT

Just finished watching the presentation. Very interesting to see the company in context.

A few take aways for me.

Mentioned that he hoped they may be able to pay 2c in March, but does depend on how the cash is in early March. Did say investors like the base 1.5c dividend with a top up if possible.

Wants to maintain a $60m cash buffer, with no debt.

Mentioned a couple of times towards the end the target of a $2B MCAP and how that could be achieved. My calculation is by the time we get there we will have less than 800k shares, ie. £2.50 a share.

Committed to buy backs as well.

Some nice background videos and graphs!

GLA

Forms are out with HL. You can vote on their website. Very easy!

Brent also up to almost $82. All looking good this quarter.

Could you stop posting Sotolo until you buy back in or close your short? Not at all interested in this shorters whinging over something that was previously announced, thank you.

Cheers

A lot of blood on the carpet today from the shorters here.

GLA onwards and upwards

Last day to buy and get the 1p dividend. CREI already x dividend. Equivalent price is 51.7 when divided by 0.78 gives 66.28p. Assuming the deal progresses, which appears very likely IMO.

GLA

TBH it would be nice if the shareprice stayed nice and low while the buy back was in progress.

This has always been advertised as a minimum 5 year hold. I'm lucky enough to have had this on my radar for a while and feel this is an ideal time to accumulate a long term position. I have a strong feeling we won't stay under 60p for all that long. As soon as the current issues are resolved this should climb back up quickly. All IMO.

GLA