Member Info for Temple_of_Doom

I’ll buy back £300 million ABDN for ABDN at half the price Goldman are charging.

;)

Curious that Seplat held today ..... took some off the table from sub 93.5p to take advantage of mayhem elsewhere but looked like a buyer in the background to me ....

.. is someone expecting good news?

;)

US hedge funds timing a lower price target to try and get shortest out ….

… higher salaries and inflation means more money needed to invest for retirement.

Might grab some more at 130 or just wait for the 100p

.. lowest I managed today was 92.86p

GLA

Russia, France , Ukraine and Germany spent 4 years trying to negotiate peace in the Donbas region but the agreement could not be signed because it needed a change in Ukraine constitution that required a super majority that Zelensky did not have.

The failure to reach a super majority was because some thought signing a peace treaty would be capitulation to Russia, whilst Zelensky with all the background noise shooting his mouth off about joining NATO and EU presumably wound up Putin for want of a better phrase leading to the invasion.

So this war is a failure all around to include the USA and UK supporting Ukraine joining NATO but doing little more than supplying arms ….

…. Spouting democratic rights is all very well …. Until someone points a gun …. and that is what Russia have done.

So …. Does the USA and UK want to fight for democracy or does it want the new kid on the block to do it’s fighting for the USA and UK?

So what we have, is the cowardly arrogance of democracy versus the mad dog dictator.

Not a good mix.

“ i've experienced one of its frequent downward gyrations, my research, my belief in the long term, the fundamentals has driven me to add, and retain top sliced profit into my holding”

Reads like trading to me …..

4 paragraphs of contradictions …. I blame the Brexit Tory example set by Johnson.

;)

I'm underwater since bailing late April this year ... with a few short term trades current average is around 102.5p since then.

Around this time last year I was selling at 98-105 but the £ is down 10% since then, and oil up almost 40% so the numbers peak for themselves, as Trek has also pointed to below.

Then there is ExxonMobile to be sorted.

You can be sure that had Ukraine war not started, and had Iran come on line, oil would be back down to $60 and no-one would be questioning the Seplat ExxonMobile transaction.

Equally, it doesn't make sense to renegotiate that ExxonMobile deal with oil prices where they are at now, and with the EU forging stronger Nigerian relations ...

.... but I do imagine Seplat will be obliged to pay a forfeit to Nigerian Government for its shrewd business transaction with ExxonMobile.

Guesswork of course.

Meanwhile, I loaded up one boot today and yesterday ..... with another boot ready to fill at 90p and below should the seller want to take Seplat lower.

GLA.

Here we go .... hold onto the hats.

I got a Seplat divi as well .... only a small amount .... but not been paying much attention here .... the past feww months.

Filled trading boots on again.

GLA.

Filling my boots today.

GLA

Another top up.

"Any thesis on this temple or just purely a gut feeling ? I hope the mms get burnt on his and seplat make a surprise positive announcement ??"

The positive annoucement is the interesting bet ....

"Seplat Energy is confident that the process to obtain all approvals on the acquisition of MPNU's entire share capital is being followed and will be achieved."

Look ... 80% of revenues come from oil because of a fixed price contract with government ending 2022 I think ....

.. after this time Nigeria will be replacing Russian gas supplies ... so with all the other news on the back burner ...

... let it fall and buy in on dips .... market it selling off and taking everything down with it .. including oil because of recession fears.

"Can anyone explain this anomaly???" Old discussion scroll back a couple of years to when Seplat was 55p.

.. because I have a sneaking suspicion, and it is only a suspicion, the Exxon deal will go through.

;)

I agree Trek ... but I'd still like to buy a bunch of Seplat shares at 100p and 90p .... Market Makers willing and all that.

Target is NAV of 44p .... IMO .... and keep fingers crossed the war ends quickly

If II is down with a share taking this level of beating , then I move onto spread betting to add more.

I think II system was down this afternoon I got enough today … always a chance of lower tomorrow .. talking about numbers would be bragging.

:)

"Doesn’t back up your thesis Temple lol"

Wot doesn't?

Grabbed more at 102.5p

:)

With every transaction there is a buyer and a seller so to label some trades "buys" is misleading .... shares changed hands. When this site posts "buys" it is mostly referring to retail investor buys from the MMs, who themselves may have an order to sell in the background that you don't know about.

If there are more "buys than sells" reported you don't know if someone is shorting a share, or a large holder is offloading shares via the MMs.

Sepl share price is going down, and will continue to go down, until it goes back up again. If you think 106.5 is cheap, then buy .. but be aware that 100p is cheaper ... obviously.