imho23 Apr 2020 16:05
Hi all, not trying to ramp or deramp the share, just sharing some my opinion here.
Bought 100,000 @17.50 on Monday, added 50,000 @15.50 on Tuesday, had an order to add another 25,000 @15.00 same day but didn't get there.
Was very excited yesterday afternoon and couldn't believe my eyes this morning when I saw the RNSs. Decided to hold first when saw an opening at 32-34 but disappointed when it all started to slip below 27. No rebound followed so decided to exit fully this morning, 25,000 @ 26.25 and rest @26.01 average.
Although I am very excited to hear the news - I believe that the price will go down from here short-term, unfortunately. Oil market is not in a great right now, a lot of sentiment trading going on in here as well as PMO and GENL.
Fundamentals are definitely strong for TLW, fair value is much higher than where we actually are now and I want to re-enter at a later stage but will try to do so at a lower price.
Market seems to have balanced out at 26.00 for now and will stay +/- 5.00 until major news change the sentiment.
Huge number of shares traded today - around 7% of market cap :)
Good luck to all LTH.
Once again - just sharing my own opinion, which may be very wrong (or not).