Member Info for Scampthedog

"Taken advantage of the dip to add, importantly fully funded and key gas online RNS due end Jan / 1st wk Feb and oil production plus drillis soon to start."

What happens is the RNS does not come 1st

Looks like.

But not unusual in itself for this sort of thing to happen just before a company's quarterly results are announced.

Or perhaps it might just be one big seller hidden somewhere in the background; would not surprise me to see an RNS appearing very soon announcing that "Big D" has offloaded some stock.

He is overdue to take some profit I would think.

over the next few months...according to those in "the know" that is.

Why is the s.p falling so noticeably here then?

Maybe a report, read it from various sources today, that shows Schlumberger has returned better than expected revenues has something to do with it?

Apparently, they have just completed a much rewarding cost saving exercise...it included getting rid of certain "other" less favourable interests elsewhere; reigning themselves in, for lack of a better expression, somewhat.

Obviously, this includes what they flogged/palmed off to Block.

Mr P's big gamble?

Or more rather a case of calculated risk, based upon a shrewd, educated hunch, gleaned through many years of "hands on experience" perhaps?

Errrrrr...........hhmmmmm.

I await, along with the rest of you, for the next fast approaching, imminent update...and with bated breathe also it has to be mentioned.

In the meantime...ZZZzzzzzzzz.......

P.s: "Since taking over in July 2019, Le Peuch has focused on reshaping Schlumberger through thousands of job cuts, other steep cost cuts and divesting unprofitable businesses, actions that have been received well by Wall Street." REUTERS: Jan 22nd 2021.

big Red's speaking.

Zzz...Zzz...Zzz...ZZZZZZZZ!! Zzz...Zzz...Zzz...ZZZZZZZZ...Zzz...Zzz...

Its not about pettiness, Rural...It is about what is probable against that which is a complete polar opposite: that which is highly unlikely (due to it being complete nonsense!) to happen; Redceo's outlandish claims, back in 2019, of £5.50 per share for 2020 for instance...and that was before anyone had ever heard of covid. And even when covid struck us hard in the spring of last year the s.p got no where near his outlandish claim's.

Not sure how you define pettiness...but if it infers that you regard someone caustically remarking upon other peoples obviously ridiculous and nonsensical posts in an effort to show aforementioned idiots up as...well, just that -- idiots! then you may well regard contrary views backed up by personal experience and common sense as indeed -- pettiness!

I see it more as a case of readdressing the balance...shifting the weight more favourably in regard to the all important fulcrum. This being the correct balance that is...not some fanciful, dreamt up, forlorn hope born out of nothing less then total desperation.

Like errrr...Redceo, for instance.

By the way, Red, it is 2021...and we are still a long way off £5.50.

Lol.

Sounds plausible. More than just a grain of truth here I would have to say; regarding the manipulation of a share price that is.

Just not fully convinced that you can assure anyone about how Haydale is certain to be a roaring success though.

Based on what? Certainly not its financial record; which, by the way, has been nothing short of appalling.

Graphene is 100% certain to have a huge commercial future. But Haydale?

I would very much like to think so...but?

And by the way: last time the price spiked, as indeed it just has...was there not yet again another fund raise?

Because if another is on the immediate horizon...then these shares won't be worth spit.

and the "Shorters" of course.

I totally agree...strange times indeed.

It is just now a question of when to start taking profit.

As per usual most of us will probably hold just that little too long before deciding to sell; its always the same rueful reflection: "wish I had sold some yesterday".

Ah well. Sigh! As THEY say: foresight is such a marvellous thing.

Something that D.K obviously possesses in great abundance.

Moral of the tale: keep a close eye on the Big Man.

Bought myself another 500 shares when the price was 3.87...compliments of a little "top-slicing" on some other holdings...and an urgent prompting when following suit after being alerted to the latest machinations of the "Big Man".

Inside information Daniel?

Nah. Heavens above!! the very idea. Lol.

P.s Volumes have gone up through the roof again. The amount of London and Scottish mail is absolutely ridiculous. Actually...the Scottish mail is beyond all belief. Words fall me here...and that's a first on this site I can tell you.

use the money to pay a dividend?

Or has anyone any ideas what the money MIGHT be used for if not for paying a proposed (a half-hearted proposal that is) dividend?

Many thanks.

Many thanks.

(2A)A company may not reduce its share capital under subsection (1)(a) or (b) as part of a scheme by virtue of which a person, or a person together with its associates, is to acquire all the shares in the company or (where there is more than one class of shares in a company) all the shares of one or more classes, in each case other than shares that are already held by that person or its associates.
(2B)Subsection (2A) does not apply to a scheme under which—
(a)the company is to have a new parent undertaking,
(b)all or substantially all of the members of the company become members of the parent undertaking, and
(c)the members of the company are to hold proportions of the equity share capital of the parent undertaking in the same or substantially the same proportions as they hold the equity share capital of the company.

Can anyone explain to me why the share premium account was can cancelled?

Was there not a some sort of casual comment from the company that they MIGHT

mean we are all going to be rolling in it? Hesitate to mention exactly what we might be rolling in...but...

Or is it more likely that Mr P will shoot himself in the foot again? ...at close range of course.

Just so he cannot miss!

After all, he has managed to miss everything else so far.

I keep reading comments from people on here that there will not be a dividend paid out this year. Really?

Maybe not THIS financial year.

But in 2021?

Yes, most certainly a dividend could be paid. And paid in August I would hazard.

Maybe this is why people like D.K are happy to keep adding.

After all, 140,000,000 x even just 4p = a lot of dosh: £5,600,000 worth of dosh!

There has to be a very real chance of the s.p retreating quite markedly in the near future I would think myself.

However, I would also think that there is a very good chance it should stay above 3.30...this is as good as anywhere to build good solid fundamentals upon for the fast approaching future.

And if the s.p does indeed retreat to these levels I will be buying more and adding to what I still hold.

For me though the main question I am asking myself is: why has D.K bought again at these prices?

That is the reason I have not taken any profit of late.

It is an outside chance, a long shot in all reality...but...just maybe...there could just be a chance that GLS could be put up for sale.

If that happened then £4.00 a share would speedily become a far distant, quickly fading memory.

But still tempted to take some profit in all honesty; probably will regret it come results day...but that's investing for you I suppose.

C'est la vie!

I notice someone has endorsed your question with a "recommend".

They must have nothing better to do...obviously. Or nothing constructive to say is more likely.

I notice someone has endorsed your question with a "recommend".

They must have nothing better to do...obviously. Or nothing constructive to say is more likely.

I work indoors on a busy "cross-docking" operation...not out on the stump.

I work on the night shift (10-6).

I have to agree with the comments made and endorsed by other posties concerning "volumes" of late.

At this moment...a most noticeable decrease.

Rattled? Errr, no.

And I did not buy more shares at under 2.00?

When my average, when the s.p was two pound plus, was up in the 2.60s, why would I not start buying again with the share price well under £2.00?

I did not buy big...but I had a little peck on several occasions as it started to retreat; reminding myself not to be too greedy as the stock value could quite easily collapse...which in fact it did.

Admittedly I did not buy at £1.18; but there again I always buy back biggest into a falling stock AFTER it seems to me that it has finally found the bottom...never on the way down.

At one time I think I had over 12,000 shares (an insignificant amount compared to some of you) but sold some to diversify my portfolio. I now have 8,000 plus left which stands me at a profit of over £13,000.

I would sell again if it had not been for D.K'S latest buy-in.

I am "intrigued" by the timing.

No doubt, come results day, I might, more than likely, regret my decision.

C'est la vie!

And don't think for one moment the union will not be back come October for yet another hour...because it will.