Member Info for Stupmy

Anyone know what that is or for how long it's been planned. Just looked at WG financial calenard that's marked in for the 13 Nov (Sunday?) .

It is tight and the volume is very low. Sometimes precedes a change in direction.

MOASS Rick!!!

Auction as the price rose too much too fast. It's a good thing in this case if you're long. Not so much if you're short.

Volume since 3pm. Some short closure? FOMO getting PI's to jump in? Very interesting for the moment.

Looks exciting now

Volume is clearly down, and has shown a beautiful down trend since the drop. That suggests that the seller is no longer rushing. Worth considering though that even now, the volume is much higher than the average day before this leg down and that for the moment the SP continues to fall. I've stated that I've been buying so I'm bullish, but I have found a rationale for the SP to fall to 40p. I don't think that will happen and I had to work hard to shoe some stuff in to get to that figure (so it's probably bs). But the SP is still falling, so the selling has not finished. The source of the selling is open to interpretation. My head is spinning over the Franklin position, I don't remember seeing that before. Technically, if they bought before the RNS, I'd imagine (without checking) that the comment from Thunder regarding the potential inclusion into the FTSE 250 and subsequent impossibility of that, could have caught someone out. However, that was not an attempt to offload in a considered way. It was a desperate move of some type so overall I'd say it's not related to the FTSE 250 argument. I assume it's not possible that it was a fat finger problem?

Hindhead, HTG is doing really well of late (I know it's come off a bit), but around COVID, it was in a mess. I have idea if they would have the stomach for a merger until they've fully sorted their own difficulties. However, it might well be a similar case here as at HTG, you've seen what happened to the HTG SP once the POO picked up and drilling acitvity restarted in earnest. All to play for.

I'd normally say that it's not pointless to try to guess the bottom (difficult though), in this case I have no idea as the price is so far off, I have no historical comparisons. I can only go back to about the year 2000. I'm having to work differently which means try to estimate when buyers start to take control. I'm with you Sheltie on this one, I have no rational basis on how to guess at the bottom.

That is so true Ice, human nature appears to need instant gratification. I guess to a greater or lesser extent, we're all touched by that, but it's so important to work to control it and overcome it. Time and patience are such a massive part of this business. The hardest part of earning money on the markets is sitting around and doing nothing! So the hard work is sitting, not what they teach you in school!!

You keep saying this Xhita, but the price is off almost 6% from it's peak. The best active fund managers often can't attain 6%. That's consistent with 87% of active managers not beating the US500 tracker funds. So, two points (check my maths on this one): 1) beating the market is difficult. 2) trading specific markets (eg. EZJ) is difficult. 3) it's possible and 6% is not trivial, it's not 'a couple of percent'.

For what it's worth, and as previously stated, when you stick to what you know, your value on this board is high. But trying to trivialise everything that doesn't fit with what you know, is not helpful.

For the record, I'm not invested in EZJ

'15.65 to sell atm......the bottom must be near,but where?'

14p or lower is my guess Troajan. Previously stated on this board and laughed out of court. I still hold my view. No position yet, as patience is critical in this game. As an aside, so many stocks have come up that I'm spoiled for choice a bit. It has been my intention for a while to buy more CPI, but there are also other stocks starting to look quite tempting. That said, if the wider markets continue to sell off (FTSE is off about 5% from it's highs) then we'll see better prices all over the shop!!

I have a feeling I know!

https://www.bbc.com/news/articles/cly2dxqd1pyo.amp

HBR has exposure to both Rosebank and to Jackdaw I believe. Rosebank through infrastructure (Brae area), but 15 % non-operated interest in Rosebank (gas). Shell operate, the UK government say they gave the green light illegally.

Jackdaw looks to be the problem!!

It never stops, the fun in on the stock market. I'm even more convinced now that we'll see 235 or lower and probably 220 or lower. Keep some powder dry cowboys there is more fun to come

You have to love Britain don't you!!

Not pretty, but undescores the incompetence of this and the last regime. Enq as far I understand is not directly involved in Rosebank or in Jackdaw? Is there an indirect link that might affect our SP?

He was appointed in April 2024. How did he acquire the shares? Was it part of his sign on package or did he purchase them. I'd imagine he didn't purchase them that quickly. Also, if he did sell that many shares (I haven't checked this) if it's shown he had prior knowledge of whatever comes out of the review, I'd imagine it's a very bad sign. Simply linking the two events together (his share sales as a CFO within 2 wks of signing on (1 week even), doesn't seem likely related to a fundamental issue in the company. He'd have had to find it quickly? Doubt there's a connection, but interesting info if true.

SG logic can be an early victim of the emotional games played on us by the markets, particularly as none of us can see into the future. Anything can happen, no outcome is impossible, but experience suggests to me, at this price, we've a good chance of getting out without too much blood-letting. You've got to feel for those holding from higher up though,.

I guess the fact it's an 'independent' review is designed to calm the market (although that hasn't happened in this case) as it's the most honest way to investigate something. Until we hear more, might as well assume that it's a bit like Rowan Atkinson's sketch where KPMG (the blind man), is in a dark room looking for a black cat that isn't there. At least let's hope it's not there.

I really do think we're off to 235 or lower. Interesting pattern to the selling though, which makes me wonder whether it's driven by institutions/pensions. Compare the selling over unrelated sectors from early November. Similar patterns for HBR, EZJ, HFDS, CPI... I could go on. On each bb, folk are worried about the individual company involved (as it's where they've invested their time and money). But I'd argue this is institutional selling that might be calling a top on the market. EZJ vs HBR? POO dropping can easily be viewed as relevant to HBR dropping, but it should have an opposite effect on an airline. If it really starts to sell off hard, we'll either sell up and suck it up, or hold and be trapped for a period. But this is not company specific stuff in my view. I bought more this morning and will continue to buy until we reach a point where I take a profit (or loss, but fingers crossed a profit). It might mean I'm 'off work' for a few months as things settle/recover and allow me to release invested money, but that's ok for me. If there isn't a general market sell off, I guess we'll see a reversal quite quickly.

I still see the SP dropping now to 235 or below, possibly (probably) 222 or below.

Yes I've suffered myself one way or another. Hide your chips (and your bridies is my advice). Consider eating them before you leave the bakery or in the car with the windows up. I once had blood drawn following 'interest' by a bird!

I've also had one sh it on my windscreen. I didn't take her out a second time.

Was it not KPMG who initiated this review by Deloitte?