Member Info for TheFarEnd

Interesting conversation on here this afternoon with DT having a go on his take on trading.
What comes over is that he obviously hasn't got, or developed a system of his own that works for him, it's just more sound bites with links to the usual TA sites followed by DYOR. He obviously hasn't or doesn't appear to have been at this game that long.
I'll be interested to know what in his 'EXPERT' opinion are the factors that denote a buy / sell sign for a particular share and his success rate. He comes across here as being always right and by that count is never wrong. The way he tries to add Kudos (apart from all the dross that he collects from various news outlets) is quite lacking in any individual thinking.
Just an observation.

P.s. there will be no reply as he supposedly has me on filter, he doesn't like posters questioning some of his contributions on here, but I guess he will try and address this post sometime later.

Blunder woman, about sums up the Swedish government's actions lol.

What's occurring, this is more volatile of late and it's not volume related.
I can see they're a lot more optimistic over the North sea.
BTW, the subject is nothing related to a well known contributer on here :-)

It's not unusual for the SP to drift down to the offer price and beyond, especially as the fund raise is not for, known acquisitions with their own income stream.
Unfortunate, but there are so many unknowns at present.

If I remember correctly, after the last election she backed Lofven to form a government after failing herself,
she'll tow the line if appointed.
Can't recall her doing any favours for BEM in the past but seemed to make a bit of noise.
Correct me if I'm wrong somebody.

You can't keep bringing this one out snige, we've done it already, lefty propaganda long since dispelled just like the so called expert who was found out.
"deaths both exaggerated due to a one week delay in implementing lock down."

Merkats EOY comp. Some newcomers to this BB think these predictions are serious, it's not about that, primary it's to raise money for good causes.
For example I've had 90/90.5p for a few years now, did I think it would reach 90p with, at that time with Brexit to play out, err no.
It's a bit of fun for charity.

The question about being alive applies to us all Alamal, this application went from an orderly set process to a farce and is slowly turning into a tragedy. Tragedy for the shareholders, the Sami or the incumbent government remains to be seen.
Sounds like you've been very happy 'with your lot' long may it continue, ATB.

67k in the early sixties was a lot of money then Alamal (still a tidy sum today) equivalent to c£1.2m today. I could have bought half the village for that!
You must have had a decent income to be able to afford that.

You never know after its a thumbs up, might even get to meet CSP at Kallak.
I can just imagine him in Jokkmokk saying "what local people" surrounded by despondent Sami. :-))
BTW, I wonder how many of those substantial shares he's holding he actually bought and how many we paid for along the line.

Hi bigsmoke, purely on the basis of the 33p offer valuation of Saga vs the same valuation post the cash raised including the additional shares issued.
Notwithstanding the fact that we have an additional £150m (before expenses) capital.
In other words a like for like market capitalisation.

Back of a fag packet calc, if this fund raising goes ahead c19p SP will be the new 33p declined offer price.
Assuming the offer is fully subscribed another 820m additional issued shares, ballpark figures.
I'm down the pub ATM so I'll stand corrected if it's wrong. :-))

Whenever this saga is concluded (some hope ATM) I wonder how many on here will sit back and think that was worth it. Of course it all depends on the outcome but some here (including me) have been posting on this BB for 10 years.
I can't wait to close the book on Beowulf and move on, I won't be invested here after a decision on Kallak, one decade on a tiny exploration company is enough for anyone.

P.s. I just know some will miss it, lol.

"Firstly, Sir Roger will put in £60m at 27p. That is not dilution, that is the opposite of dilution, because although this will give PIs a smaller % of the business, it’s now a more valuable business (to put it mildly), so there’s a net benefit to PIs. That’s why the SP has risen from its recent lows."

Pianista, you are missing the point about dilution.
At least by your own admission you've now accepted that PI's will have a smaller percentage of the business, thats called dilution.
Additional incoming monies mean additional shares, unfortunately raising funds at this low SP means considerably more, your % holding has nothing to do with valuation.

With, as it seems, the additional funds intended for debt relief (although beneficial to Saga's hopefully short term problems) going forward the future appears somewhat uncertain ATM. The SP can quickly diminish to the issue price c15p and beyond, it's not something that can be talked about as a support value.
Just saying.

Pianista, as I've already pointed on here, out you cannot avoid dilution.
Several on here have said including you, "if you maintain the same percentage as you had before there's no dilution," that maybe so.
However, as I stated earlier, theoretically there will not be the shares available to achieve this.
Perhaps you would like to tell us how investors can avoid dilution, as you keep reminding us?

Good stuff max, you're right, there's a lot of gullible folks about.

"Be aware of some the posts here from all sort of traders with selfish agenda."
Anything said on this BB will have zero effect on price movements.
Liquidity is not a problem here.
Just saying.

Banking is a cyclical industry. The COVID-19 pandemic is expected to lead to a large number of bad loans, and banks have had to set aside considerable amounts of money for them. Low interest rates are also straining profits. The lower the interest rate, the less a bank makes on its lending, while profit margins on the loans provided get squeezed.
Year-to-date, the FTSE 100 is still down more than 20%. Yet, the banking sector has taken even a more dramatic fall. HSBC Holdings (LON:HSBA), (NYSE:HSBC) is the largest of the five banking groups by market value listed in the FTSE 100, the UK's main equity index. The others are Lloyds Banking Group (LON:LLOY), (NYSE:LYG), Barclays (LON:BARC), (NYSE:BCS), NatWest Group (LON:NWG), (NYSE:NWG) and Standard Chartered (LON:STAN), (OTC:SCBFF).

Here's how these five banks fared so far in 2020.
• HSBA: down 47%
• LLOY: down 46%
• BARC: down 41%
• NWG: down 54%
• STAN: down 29%
These declines highlight investor sentiment in banking shares remains fragile. In fact, the sector has been one of the most volatile and worst-performing in the UK for close to two decades. Yet, many investors included banks in their portfolios until earlier this year due to their relatively high dividends.
But on March 31, the Bank of England's Prudential Regulation Authority (PRA) requested all UK-based banks suspend plans to return money to shareholders. Thus, they won't be paying dividends or buying back shares, at least for the time being.

Copied from Investing, may be of some use.

It's only proposed ATM and will be subject to shareholder approval.
Not in 10 days, but yes.

With approaching 2 billion shares after this fund raising I'm curious to know how you arrive at a valuation of 70p per share especially after a few months?
Sure we would all like to see it, but by that time most would have rushed to the exit by then.