Just echoing the previous sentiments. Can’t understand this dropping on the lead up to the drill. Been watching for months and luckily haven’t bought yet. Hit or miss perfectly describes this. Have been caught and scorched with various small oillies over the years but fancy tossing the dice on this one. G.l. all.
The talk on other sites is that it’s ‘auto bots’ that are selling and this would appear to be borne out by the quantity of small/ tiny sells over the last few months. I agree that possibly one or a number of parties are driving the price lower for whatever reason ? It has always been a very volatile share and the light at the end of the tunnel is getting dimmer and dimmer…
Hi Kern, All in the same boat. Have lost 20% of my portfolio over the last few weeks. Made a purchase today, the first in months, that being Lloyds. Scary and expensive times ahead. I also thought that Oxb was going to drop below the £3.00 level but lets hope that the market settles .
Hi Kern, $5 million a year is a hefty wad of cash to find and that is only the interest. Going to be loss making this year I believe. I hate being pessimistic about Oxb but I was really lucky to get out when I did because unless they land a major contract I can see no upside. Cashburn has got to be, or should be, a major concern so these small ‘undisclosed’ contracts aren’t exciting the market. Hopefully I will be proved wrong..
Getting ‘ mopped up’ might be this company’s saving grace. Nothing else seems to be working. For all their contracts where is the money the market desperately wants to see?
Metom….great price,eh. Fancy buying back in again? On a serious note the sp is shocking . You did well to get out when you did. Roughly 7p in old money before the consolidation. Scary..
Some brokers are very slow and can give themselves up to 10 days! Same as CJ mine was paid yesterday and reinvested today, for what its worth… over 20% wiped from my portfolio over the last few days thanks to Liz.. sure it’s only money…
Broomfielder… Knowing what the budget had in store I take it you sold your NWG holding when it hit the £2.70’s not like the rest of us senseless clowns..
Johnnyboy26…it’s all smoke and mirrors but you are right in that a consolidation and special dividend do not benefit the pi in the short term. This is merely a means for the company to reduce the shares in issue which “hopefully” over the longer term benefits everyone with an increase in the share price. It looks great on paper getting a 16.8p Divi but ultimately it depends on market performance. Your share price average is also raised with the additional purchase but on the bright side mine were repurchased in and around £2.70 whilst you still have the cash in your account.
Another bad day at the office. Can’t even blame this on shorters. Where and when is the turning point ? Is this merely seen as a vaccine manufacturer, by the market, but with nothing to manufacture. Need a miracle..
From the Halifax re the special Divi..” Stamp Duty has been charged on the purchase at a rate of 0.5 percent.On this occasion only we have not charged any dealing commission for the reinvestment.” Still no sign of it in the dealing history although complete.
Spoke with Halifax and they said they had some issues with the Divi reinvestment and had been unable to remove cash from accounts after they had added the share entitlement. Should be sorted later….