Member Info for shamI89

I Reckon sellers may have sold out today , I have been keeping an eye on sells and every day they have been selling about 500000 shares , but today today we only had two sells and total sells amounted to 150000 shares or 9k worth , we normally see some sells after 16:20, so fingers crossed.

Only one sell today so far and nothing on nex either.

Anywhere until June as most of countries have extended their lockdowns to June , assuming that there is no wave 2. However proposed production cuts are 10 mbpd and glut is about 35mbpd, which does not bode well.

Nobody knows answer to that to be honest , right now two institutional sellers are selling and that is dragging the price down. Positive news which we are expecting are RNS that institutional sellers have sold all of their holdings, end of year financial statement which could be good as company has admitted that some parts of it have gained 40% mote buisness this year and company in involved in making some parts of ventilators and other medical products.Company is talking to pension trustees and final outcome could come at anytime.But dyor.

Volume has kind of dried up since Thursday , now either sellers are waiting for volume to pick up to sell into rise or they have run out of shares.I have got a feeling that we will get confirmation RNS soon .

Not sure about other major shareholders selling as we have not been notified of them yet, I still think that these two have sold majority of shares as volume only picked up on 6 and both of these nearly sold 9% of company on that day. But lets wait and see constant selling is dragging share price down but let see how long that lasts.

Both of these istitutional investors had 6.87 % and 6.5% on 6, you can refer to their holding RNS and at the bottom can find number of shares , they were holding at the time of RNS, peel hunt was holding ?4751855 shares on 6 April and lake street was holding 4941679 on that day.so I hope that answers your questions.Another way of finding out number of trades that are not being shown would be type car in search box and that would take you to car.L?GB

Sorry I was meant to say pre-determined sells.We have been seeing some persistent 15k sells around 6 for some days.If my theory about 4/5 million a day is right then that should take each of them ten days to sell their holdings.Problem is not all buys/sells are shown on lse , some of these are only visible on NEX exchange.

Think they had roughly 94 millions between them on 6th April, volume was really hight on 6,7,8 and 9, so my estimate is that they have sold a big chunk of these on them days.There have been some pre-determined big buys , but my guess is that they are selling 4/5 million each day.Problem is not every sell can be linked to ii as there must be some pis selling too.

Unless we get an RNS that institutional sellers have sold, we are going nowhere.They are killing any rise with relentless selling.Volume we have seen over last week would have been enough to cause at least 100% rise on normal days. This share has some legs and we can wait and see.

I felt that something was not right and pointed out that major shareholders/lenders are trying to take over the company cheaply. One hundred two hundred millions were nothing for candy brothers and co and mine would have dirt cheap at that price too but it kind of shows billionaire's mentality .One good thing small private holders have done is initiation of action group and their voice can no longer be ignored.I hope that all of you get your investment plus profit back.Regards

That idiot MBS did want to end this oil war with Russia and was forced into agreement by Trump.However SA was producing 10 mbpd in March and increased their production to 12 mbpd in April and after a "deal" decided to take 2.5 mbpd off table.So SA has only cut 5% of its total production effectively , Trump is having a hard time convincing shale producers to cut production and might get taken to court for imposing any cuts.Russia , SA and USA were three main players behind this deal , two of them are struggling to keep their part of deal, why would third keep it? Worst of all they wanted some countries to cut 25% of daily production .This iditiot MBS would crash the oil market and would be first person to face the consequences.

Reckon institutional sellers have done selling, may be we will get an RNS today or tomorrow.

20/25 mbpd, strange they were struggling to divide 6 million mbpd among other countries.Oil wells are not something with a tap which you can turn on/off at anytime. Market was expecting 15 mbpd but that has not happened .Even 10 mbpd has not been agreed , but I am watching it carefully, as corona virus has cripled world economy and we are not even sure when will it go away.

35 mbpd, propsed cuts are expected to be 10 mbpd and that still leaves us with 25 mbpd extra oil and within two months would be big enough to push the price further down.Italy and Spain are opening tomorrow and world would be looking at them anguishly .

though but next week should be interesting, hopefully we will get an update on agreement with pension trustees and eoy update plus notifications that noth of institutional sellers have sold their holdings.Have a great extended weekend all

Peel hunt had 5% before I think and doubled its holding on 5 March and added further stock on 3 April.So dont think they lost any money,however bakerstreet built most of their stake in last two years.

It is company's main broker as well.

Peel Hunt and lake street.

Kind of hard to tell,my guess is as good as yours, they had roughly 94 million to sell on 6th and that is probably why we saw sp swinging from 8 to 6.It has been stable around 7 mark since then, so either buying volume is strong enough to absorb them sells or selling has dried.They are not selling in big value trades and may be selling in small blocks . Could there be a bad news which we don't know about?I don't know .