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It would certainly appear that some shrewd investors have sold out before the poo hit the fan and the rats deserted the now sinking ship.
Many years ago circa 2004 a poster was exposed as a market maker that poster was venomous viper.
A mm would know who was selling and if you go back onto the other thread around September venomous viper posted Dickupham was selling .
Dick advised me on here to sell as it might go to 10P i had already sold but foolishly bought back in at 134P after an rns.
We are not in a very good position here im sat on a big paper loss poor old Jim must be down over £100K .
Will ring the company tomorrow to respectfully request they put there web site in order before they end up misleading any more people .
Here we go again this is turning into an sp disaster for all concerned and the BOD can't even keep their list of major shareholders up to date .They removed legal and general from their list of shareholders after the RNS to say they were below 3% now they are back on with 4.55% .
What a joke can't even get that right I've messaged them 3 times all ignored absolute clowns!
Covid has changed everything things are no where what they were a year ago .Longboat will be dependant on raising funds to buy producing assets raising funds in this market is a completely different ball game.
I think 65P is on the cards here !
They've already given guidance there will be no farm out news this year other news can come at any time .
100K buy at 89.5 followed by a 200K at 87.5 overhang clearing here me thinks ?
Nice buys coming through now 25k and 20k at 90P
Not going to 65P more like 165P before the end of the year looks to have found the bottom on Level 2 the daily sells have stopped appearing in the closing auctions and the price is stabilising time to buy imo.
Feel sorry for Jim who bought 100k at 159 thats a horrible paper loss .The negativity and pessimism on these boards especially the other one is breath taking and is only helping to drive the share price down further.There is nothing anyone can do but wait for the sellers to clear and reassess at whatever the price has crashed to .Then decide if its worth the risk averaging down or just write it off or sell now before it gets any worse.
Hi All
I think we could be near the bottom RG held 9.4% towards the end of 2019 jog was around 170P when he started selling the sp crashed to 50P a loss of 120P.
L and G held 4.4% so call it roughly half and also started selling around the time Jim bought his 100K Jog was £1.60
So 50% of 120P is 60P knock 60P off 160 and you get £1 roughly where we are now .I will be surprised if it continues to tank from here.
JOG need the support of their shareholders in particular institutional ones as they provide the company with funding by subscribing to rights issues or placings to institutional investors.JOG are losing their shareholders Schroders and now Legal and General there is also imo another seller entered the market hence the rapid decline in the sp .We've already had an rns on the L and G holding below 3% so these daily drops point to yet another seller.
At this rate jog will hardly have any institutional shareholders left at a time when they need to raise funds making it far harder to raise them .Losing all your institutional investors is hardly a great selling point for new ones.
What should AB do well hold an institutional shareholders day where a presentation can be made to convince shareholders the company will deliver on its promises as clearly currently they don't think they will.
It might also attract new investors to replace the ones we are very quickly losing.
UT at 97P all institutional sellers are selling at any price
Probably going to go a lot lower there is more than Legal and General Bailing out here imo its dropping too fast and the last rns said legal and general were below 3% .The sp here is in very serious trouble if all the insti shareholders are selling out Dickuphams may drop to10P is a possibility now. AB needs to take action soon.
News can come at anytime Concept Select is in its final stages. Anyone heard how dickupham is I hope he is OK and on the mend.
Now that we've all got to go around wearing masks for the next 25 years ! It would appear the mms are wearing Dick Turpin Masks .They sold 200K yesterday and over 100k so far today without a flicker on level 2 .Whats going on here is there a small placing underway to strengthen the balance sheet up even though we are fully funded through 2021 ?
A lot better than a lot of companies on AIM
No debt £8.8 m at the bank market cap £24 million plus all the oil .
AB with 641942 and the coo with 1013590 both having recently increased their holdings have put their money where their mouths are take a lot of wages to pay for those shares don't rule out further purchases this week after the results either as the board are very confident .This share is extremely illiquid and small share trades move the price Legal and General have recently bailed out and its been one way selling traffic for at least 5 weeks with no buyers so there is no wonder we have dropped to a quid .
A few folk are going to be dancing with fireworks in their pants this week I really would not want to be taking the advice of British Bulls I mean what a bunch of morons advising their clients to short this stock when an announcement is guaranteed within 2 trading days with news that will most likely materially effect the price just another crock of way out west reckless gamblers that could very well get seriously burned.
Interim results are due by 30.9.20 so tomorrow or Wednesday.We will get an update on Concept Select as its now overdue .At the AGM in June things were progressing very well that was only 3 months ago has it all gone pear shaped in such a short space of time ? I would not want to be short here however the announcement is going to see either a steep rise or steep fall in the sp as AB will have to give guidance on what is material to the sp.
LOL news tomorrow or Wednesday mate you could do with doing some research .
Munchbox 54 Which producing assets are being sold at a 75% discount? If you could state actual values and then the price they were sold for to support your post that would be helpful.
"If market sells of 70-80P very possible here" what does that mean ?
Thanks
Hi there PC01
BP and Shell have significantly cut their dividends they are producers poo is $40 and they've recently released results that are not too great that's the reason for their sp falls
PMO TLW again producers but are laden with huge debts on the balance sheets are the companies still viable can they still repay the debt markets think not so down 90%
JOG has no debt the poo at this point is not really an issue yet the shares are tumbling everyday down 50%+ on this time last year. 2 major shareholders have dumped all their shares there has been no news summers over so the directors have failed there and yet the directors have doubled their salaries .We are in the midst of a Global Pandemic but if you refer to the business update in March we were assured in so many words this was not effected and we were on track if events to the contrary then an rns should have been released issuing guidance to state otherwise. Its all too common with AIM companies to keep quiet when things are not going according to plan then after the sp has fallen the company comes clean the sp crashes and pis lose all their money .I'm not saying this is the case here and I was harsh saying there must be something seriously wrong but imho something is not right otherwise the sp wouldn't be sliding everyday and notifiable holders in particular legal and general wouldnt be dumping their holdings at significant losses.AB should be keeping shareholders more up to speed then they might not be as keen to sell taking big losses and forcing the sp down a dark tunnel which in this market will be very hard to climb out of which will be an issue for JOG when the money runs out next year.