Member Info for Sm66

Two offers of circa 220p were rejected as the management felt it undervalued the business.

This is certainly an opportunity for management to speak up in support.

Loads of small auto trades bringing the bid down, shorts recently increased, must have buddies in Deloitte? They can use the bots to hold the price down whilst they exit. I’d wait and see where the land lies early next week.

Stew

This low was always on the cards without the company renewing the contract or fixing the turbine.

MM’s are free to create spikes and troughs without a clear direction from management.

Revenue and pre tax profit are forecast to be within 1 or 2 million of 2023 results and yet the SP has been obliterated from £10 down to £3.80. I’ve averaged down here as it appears completely over done.

But what do I Know

GLA

Also, there are valid concerns about the route to Europe through the Red Sea and the additional costs of routing around the cape. It’s all pointing towards a further increase in the price of oil.

Meanwhile, oil just popped over $75 and rising.

USA won’t support an Israel attack on Iranian nuclear plants, nothing about their Oil.

0.96

Duster

It does but with a big IF

And yesterdays RNS added another IF(dilution)

I’m simply saying what I see as it transpires. I do still hold a free float and would like to buy more but not until the contract is extended.

Most recent rise was simply a pump and dump and frankly a very nice one.

There was a red flag in that RNS, possible fund raise.

The plant is still not running at full capacity and the 10 year extension is still under review.

If all the ducks line up I’ve no doubt the SP will fly however it’s still a gamble for now.

12% ish drop in revenue creating a 20% drop in SP from an already subdued SP appears to be the usual overreaction by the market.

Totally overdone drop IMHO.

Before any ridicule, I’m aware the SP was 10p during the pandemic but consider that an outlier

Jmax

Seeing as you’re the expert on here with predicting Tullow SP action, when do you think the next spike will occur given oil is starting to creep up and winter is coming? Or do you think 22 isn’t the bottom?

I hope you’re right

I’ve just purchased another 104666 shares @1.63 bringing my average down to 1.72

RNS proves nothing has changed, could result in the SP dropping lower than it was last week, perhaps even 5p range? Still not clear what caused the spike but the company has answered the questions and the risk is still there. Remains a gamble for now.

I’d hope 50p initially then back up to the one year high of 141p and beyond

The bottom is 6-7p without an update!

Sorry and not deramping but look at the sp action over the past 3-4 months. Not sure what took us up to 19p recently as the company are silent? You would think that if the government rejected the extension then it would be in the public domain by the contract deadline. That’s possibly why the recent rise happened ie: no news is good news.

Antonvb

I share your views completely and personally enjoy the roller coaster ride even if it it makes holding temporarily painful . It’s all just a game of nerves really

If you look at the company’s past performance with communication you’ll see it’s not great. It is however odd that the contract expired on August 20th and here we are 9 days later without an update. Until we receive clear confirmation this remains a gamble. My average is 7.38 and honestly I halved my holding at 14.1 so practically I’m now holding free shares with nothing to loose. If the contract is extended then I for one will be piling back in as what appears to be a depressed share price largely due to AXA exiting a few months back and a very low float, fair value is north of 100p and perhaps 150-200p with the extension.

This looks like there’s very little volume and a deeply depressed share price. Good enough for me to add and bring my average down to 4.09. Have to wait and see how this pans out now.