Member Info for sharegnomie

Well sold all my bpc holding this morning for a very small profit, as I suspected HL share holders have sold off and the price has dropped. Though it must be said not as much as I thought it would, I thought 10%, but I'm guessing the oil price rise is holding it up.
Figures for USA UK and Germany are out and we are heading for a big recession so I can't see oil consumption going back to where it was and I suspect it going to be a long one (I hope I'm wrong) If P1 comes in and I hope It does, unfortunately its looks like its going to do it right at the worst time just as this recession really takes hold. It seems to me that other stocks maybe be a better option.

Anyway good luck here hope it works out.

Sharegnomie

Well it looks like we are going into recession, but I'm hoping that this company will be fairly recession proof, I can't see how a recession could affect it that much. Its not as if its retail or a manufacturer, or will get any less income as a result. The only thing I can see that could be bad is if the trails fail and that's not got anything to do with whether we are in a recession or not.

But if anyone can think of any reason why a recession could affect it I would be interested to hear any thoughts

sharegnomie

I assume there is going to be a sell off tomorrow as all the HL cerp share holders can sell their bpc shares now. So can we expect a big bump down in the morning?

My HL account just updated Cerp have gone and BPC has been credited with the shares.

Lets see what the lunch time trade brings

Looks like a bit of profit taking but they are not big sells.

Any thoughts on the drop in price, stock market is up oil price is up? My cerp shares are still in my hl account

If I'm right it should mean the share price goes up again tomorrow because who ever went long will push the price up and now if other people realize what's going on they will invest as well.

sorry I cut and pasted the figures and got them the wrong way around

If you read the RNS you will know that Monecor increased its holding in VAL to 54,062,373 shares 8.263% from 6.413%
so I did a bit of checking and this company is big. they could buy val out 3 times over with the cash they have on hand and still have change. Monecor London Ltd. offers financial spread betting and derivate dealing services. The Company offers spread betting in a range of markets including stock indexes, currencies, shares, interest rates, and commodities.

So the question is why have they increased their holding? My thoughts are some one has gone long and Monecor have gone long as well. Which suggests to me that the stock is undervalued, probably by quite a bit, companies with their kind of money don't go buying stock in a small company like this unless they have a reason.

If anyone knows anything it would be helpful for any input

sharegnomie

anyone now much about this company Monecor

do you think that will move the share price up?

So we have to wait 2 weeks, that's ridiculous , HL could honor the cerp shares and trade back later. Bpc needs to get off its backside, they new this was coming they planned the merger.

I'm following the money lol but I bought in first in beginning of may just a small amount 500 pounds and did 10000 today good timing I hope.

mine is HL I'll let you know when and if it changes

will my Cerp shares flip over into bpc shares in my PF today?

Mr N I brought bpc and they are up 14% today as well

oh well just un zipped my trousers and brought 10 g of stock

yes I did, I can always buy back in but there were reasons why I sold which I never explained. There are several other things I could say but I will leave it for now. anyway good luck

P.S. what I said about the US economy is available of anyone t look up

Have you seen the U S GDP figures they are not good down 1/3 and that's Zoetics biggest market, so things are not good over there, and the package trump singed was 2/3 rds of the last one so less is being spent.
Zoetic is a lifestyle choice and not a necessity and with less money I suspect lifestyle choice products will not be high on the list of peoples priorities.
We will have to see what happens when the US market opens in a few hours but it may not be good.

Folks have any of you looked at the U S A's GDP figures? I think you need to!!!!

Down 32.9 % more than the great depression at 30% This could have a massive effect on things. Oil consumption being one.
I could be wrong and if so I will put my hands up now but if I'm right we will see a big drop on Monday in all the stock markets around the world.
That being the case how will this affect the Ukog stock price ?

Any thoughts folks?