Member Info for WilyCoyote

Nearly 42 million sold - almost 60 million bought - that's impressive for a FTSE 100 company

I suspect many of those buys were sellers coming back in

An earlier post stated that' removing the share buyback will leave BP with the lowest total shareholder return of the major oil companies'

The sell-off would make sense - if the sellers had jumped ship - and bought in to those other 6 oilers - not sure if the numbers show that

The reality here? - It seems the MMs saw an opportunity for a tree shake - and scored big time

All these write-downs - do they reduce the tax payable to the UK govt?

So - BP have chosen an under-performing executive - to lead their under-performing company - sounds like a perfect fit

Managed to ignore BP. - some seriously bad sentiment aimed at this company - I'm keen to jump in here - but maybe not just yet

I started watching Greggs share price a few days ago - when it jumped to the top of the shorters table - sitting at 9%.

The price had come down from £17 to almost £14 just a few weeks ago - but has almost completed a price recovery in the last 2 weeks.

Now today - JPMorgan have started covering Greggs - giving them a rating of 'overweight' - and a price of £21 - but the shorters are holding firm!

Analysts all have their own agendas - and they won't be telling us what those agendas are

Analysts get it wrong all the time.

----

Those same analysts who 'got it wrong' - are probably buying on the dip - somebody certainly is!

Shorters have reduced their exposure quite a bit - this share price spike must be getting them nervous

Not sure what it's worth - but it may be contributing to this bounce:

11 insurers, including Aviva and Legal & General, were given a clean bill of health by the Bank of England - after being tested with an imagined market meltdown that would have wiped out almost £9bn of their capital'

According to the BOE, even if billions of bonds were downgraded to junk and the stock market crashed, they would still hold 154pc of the regulated amount of capital required in a crisis – down from 185pc before the scenario.

And why not?

---------

Because no one would want to buy them at that price - and the MMs would be stuck with them - waiting for the eventual pay-out

It just came to me today - that if the MMs let the price rise to 30p - everyone - every single PI would sell.

This would mean they get their money in 2 working days - instead of having to wait for the pay-out

The old saying of 'Never invest more than you are prepared to lose' certainly holds here.

-----------------

No one told ice

@Graff Can you please let us know when the rival bidders will make their move?

-------------------

I suspect it will be just AFTER the shorters panic - most likely date is the 12th of Never

....by keeping the share price at 50% LOWER than the bid price - but there are posters here who still believe a miracle is coming SMH

The market is most definitely unsure about something because the SP should be higher.

---------------

I agree

The rampers will say "It's because they are rejecting the 30p price" - but if THAT was true - the price would have increased above that 30p offer - reflecting the 'true' value of the company.

Unfortunately - that true value is there for all to see

May have rules limiting exposure to distressed or suspended names, prompting sales upon relisting.

------------

It's hard to believe that Blackrock - with trillions invested across the world - are concerned about some, or all of their Wood investment.

And if they ARE concerned - why give up votes? - Why not vote for the 30p deal - and recoup a much as possible?

Seems more selling today (we will find out Monday. Do II's think the the 75% threshold will not be achieved?

------------

Seems strange that some institutions are reducing their holdings - AND thereby reducing their voting rights.

It's logical to assume that SOME large buyers at this stage - are coming in to get their hands on those votes - to achieve what - is anyone's guess.

Blackrock sold to someone, there must be a TR-1 coming soon possibly Sidara or even a rival bidder.

-------------------

58 million sold today - 16 million bought - at the moment - it looks like the MMs are holding them

As for the panicking shorters - LOL

Sidara will buy Wood hook, line and sinker for 30p.

------------------------------------------

If the market price doesn't rise to - or around - the offer price - Sidara will start to wonder what others can see - that they missed

All that is clear - right now - is that the market thinks this company is worth 20p

The market calling BS on the 30p offer.

--------------------------------------------------

Yes - it looks like the market is saying the shares aren't worth 30p

Just asking