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....."price" not "place" Fat Fingered Typist

As Key Group holdings were one of main movers in recent short attack - their closure/ massive reduction may well be pointing to a jump in place..... or else they know something ............

Key group holdings took their short stake down to .32% from a high of 1.03 on 23 May......

RdR - 4 me the key risk to shorters is a bid... the more they hold back the sp the bigger the risk....unless of course they are indirectly involved in the bidding vehicle...... We have seen how some HF have been playing bkth sides of the credit derivative and debt purchase game...simply because they have deep enough pockets.

Ask yourself...what is to stop a number of HF acting togeather to short shares and force down sp whilst behind the scenes funding a PE form to launch a low ball bid ????????

Second day in a row that sp has spiked just before US open..... MM are expecting some news from US methinks....

that something very positive is happening behind the scenes ?

There were a couple of interesting aspects to the spike in sp: 1. Timing - just before the US markets were opening. 2. No major volumes So MM were spurred on by WHO traded rather than volume. I suspect that buyer was expecting an RNS to hit market at US open That all indicates to me that there is some chunky munkey news in pipeline and this sp is primed to BLOW..... GLA

The big boys ( short sharks like AQR) seem to be using the smaller fish as an opportunity to close the shorts they have held for a long time (9-22 months), which indicates that they see this pull back as having hit its floor and are ytilising the bigger fool (small fish) as their opportunity to exit. That is also limiting the benefit to the small shorters..... might also be indicate that they know that at these levels PFC is very much biddable. Onwards and upwards. GLA

I was in PAYS and like PFC shorters piled in, long and short of it was we wound getting taken over and sp rocketed yet the shorts all managed to close in the few weeks leading up to the bid. Now how did they manage that.....blue horseshoe loves endicot steel......... I suspect we may be seeing something similar here

Pruce manipulation has been so common in the market that it has its own special regulation called....MAD....or market abuse directive. It wouldn't exist if manipulation didn't exist...... which by the way is illegal... the difficulty is it only gets found out when there is a whistleblower....othwrwise the regulators are too xxxxxxxx( insert appropriate phrase) to initiate an investigation. Prime examples of when they have inveatigated and found marketwide rigging : Libor fixing, FX rate rigging, to name but a few

Have a look at shell - down 2.9% today.....nuff said

If.....only1....... thank you, that is another reason why the shorters are taking a massive punt.... with oil at this level the upside risk on sp is massive.....more than double where it is now and not far off 3 times. .... exactly why a bid could appear out of left field ... at these levels I suspect we will see more and more RNS on project wins (few big ones in the mix as noted by others) as oil producing firms have deferred projects when oil price were down at $30........ we are also now moving into green projects (wind etc.....) It is the shorters that need to square the circle....if they are smart.

.......and I forgot speculation that a bidder might be in the wings waiting to pounce........

Agreed - lets take a look this time next week when we will be in divi re-investment mode - shorters will have to deepwn that hole all the way to china to offset a rise in sp......and all the time a potential bidder could pounce...... that is why big boys have been reducing their short......... theae other guys look to be taking a very big gamble rather than a calculated risk... * CEO back * Deep sea vessel sold * other upstream assets on the block ( rising oil price near 5 yr high) * solid pipeline and $1.7bn win for 2018/19. * Oil back up at a 4 yr high and supply down due to ongoing global politics

An increased short of 0.29% coincided with a 5% decrease in sp... If there was full re-investment of the div (3%+) by investors at 600p+ we might well see sp rise to 700p in mext few weeks and shorters going further into a hole or forced to close at even higher prices due to a short squeeze..... happy days

Rye bay have not done so well on this short to date, they came late to the party and shorted first in Nov 2017 when sp was around 4.25, they built up a short over the next 6 wks and then started to reduce crystalising over �1mn in losses (based on my math), and when sp hit 650 their open short was a paper loss of �4mn. The increased short now looks like a classic double down on a loosing trade.......imagone if a bid materialised at �8..... they would have ship very heavy losses.....

It would be ironic if Rye-bay short attack triggered a bid ans sp shot up by 30%+

The long term yield on BBB USA bonds is 5.6% - so 6% was a bit low IMHO on a company that investors may not know v well. Especially whenit does its business primarily in the ME off an oil price that has yet to show sustainability....... personally I would question the advise of the firms advisors that set the coupon. Very shabby to have acted as promoter of bonds and then not have right buyers turn up on the day, they should have known what coupon would have got it away. Fortunately we have the cash reserves. In a few weeks this will be a dot on the graph and sp will march on

Who said there was no Santa Claus - screaming buy !! The balancesheet net assets are unchanged - cash available instead of bond and it impacts sp by -13% The silver lining here being that when the upstream business of �1.2bn is realisedvia a sale for a 20-30% premium to the carry value - then sp should increase by 50-80% IMHO - otherwise we are open to a takeover bid Roll on the disposal programme