Member Info for valueseeker

Check out short tracker. Weirdly shorts increased on Friday ??????

Shorts are desperate to hold the line here

. If this goes they are TOAST...

On reflection I think 90 to 120 may do it this time..?

If they try to suppress the price even more into the close I shall consider another top up. Newspapers tomorrow will be in speculation overdrive. Some rumours of the indicative offer may also emerge later on or overnight?

One thing for sure. It's gonna be a lot more than 34/35p!!

They were offering over two quid less than a year ago!

So now we know what all the derivative trades were about... stake building on the quiet?...

Interesting article. Wood would be a good fit with Worsley, makes good sense...

Up days are invariably followed by a down day recently so I sold today in the high 26s. Looking to re- enter in the low 24s tomoz , maybe 23s as people close out for the weekend. Easy money lately This one is a traders dream atm.

Thank you for confirming ( despite the shorters casting doubts) Barclays has taken over 5% exposure in WG. Very lucrative if there is a opportunistic takeover approach.

Institutions are taking control. CEO may go next

They may have decided that takeover is best route forward...

Qualifications issue is distraction net outcome is what is important

Big buys at the close!

Barclays scooped up over 5%!

No reprieve until mgmt changes. City lost faith. Will continue to fall till heads roll. Isn't it obvious?

Laura and icecool - you are clueless. You clearly have no idea of how the mkt actually operates in the age of AI. Do you know anything about hedgies, quants and deep pools for example? Don't be so naive.

Black swan event will be announcement that company has received preliminary takeover approach( es) over

the weekend which board is considering.

Anyone thought that directors may have bought in Friday?

My point here is noone has a clue what will happen.

Mkt will looking to take out stops. May hit 10p early doors if the savage selling of Fri afternoon is anything to go by.

An early RNS will alter the playbook. Changes in the boardroom/ shuffles/ garden leave will be a game changer. Discussions must be going on now after leadership's record for the past six month.

Any takeover rumours/ talk will also see price rocket.

Without these however. Mkt will be looking to stop out all longs with a violent move down imo. This will also facilitate stake building in case of potential suitors revealing the hand later on.. Any fall to say 10p will be firm intermediate/ medium term bottom imo

Will prob open on extended auction. Margin traders need to be careful. Watch the stops.

However no one has a clue what will actually happen so best wait and see! lol aimo

I expect it to drop first thing. Probably 10 to 15p on the cards if no RNS first thing. Will probably buy at that point. Medium term probably a safe bet at that level imo

Interesting points on here

Same debt as when Apollo/ Sidara were offering 220 to 240!

Cost cutting/ assets sales to address neg cashflow this year

Cashflow positive next year.

No liquidity crunch ( 20 months till debt has to be rolled over)

By no means is the level of debt that substantial for the scale of the company

Better order book than when they bid 220/240 6.4 billion Vs 5.8 billion!

Interesting times

Captain Swag - the order book ( of 6.4 billion!) will be highly sought after by a competitor!

They may not have wanted it at 230/ 240 but with an SP of 29p now and a discount of 85 to 90%. !!! don't tell me they won't be taking a very keen interest ATM lol