anyone got any ideas about the block trades that went through today?

website: http://www.sterlingenergyplc.com/



weather: www.nhc.noaa.gov/refresh/graphics_at4+shtml/084938.shtml?50wind120

You could always report me to Ian.

Will you refer him to the posts where I've been offensive and used bad language? Or just to the posts where I've offered a contrarian opinion?

Hilary, if this was a game of football with two opposing teams, you would be the player on the pitch deliberately kicking the ball out of touch whenever it was passed to you just for the hell of it.

you know what i am laughing right now because i think that is a perfect analogy.
you're right, you are not being offensive, you are just disrupting play.

"My Mates" say this is a perfect buying opportunity.

I agree for what it is worth and I am now cracking open the kids piggy banks and the wifes handbag!

Hmmm....... pork for dinner then!

As I said in previous postings I have really enjoyed the postings here untill now that is. I'm a pretty laid back guy and my motto is 'Love & Peace'.
I find it hard to understand how someone can almost enjoy seeing others loose money just so they can say 'I told you so'.
I didn't realise how easy it was that someone you've never meet or spoken too
could get up you nose.

MS

OK all,

Seems to be getting a little heated on here - can we all calm down a little please? Lets get back onto the subject if we can and not individuals.

Thanks

Ian

oooohh lovely. lamb chops for me with that lovely new worcester sauce which i have to say is delicious!

I think we you have ALL taken your eyes off the ball! Jeez!

delete WE

Prop,

I did hear that there are a group of traders who scour the bulletin boards looking for threads which contain the highest number of posts. High post content = large number of muppet retail investors waiting to be fleeced = great shorting opportunity. That's the theory anyway.

We're running at well over 2,000 posts here now.

I'm still trying to get through that old bone the dog doesn't want.

MS

PS. Well said Ian

For what it is worth HNR I think has been the target of shorters too.

It has really struggled since Capitaine and Dorade1.

The Tiof news has sent it into reverse with no justification.

If people fall into the Shorters trap, then they, (The Shorters), stand to make a fortune.

All make your own minds up what to do, I am in long for at least Q1 2006 maybe for many more years on any profit, so I do not care if it is shorted out or not.

In the meantime, I will continue to research and post ALL relevant information good or bad, because I have a firm belief in this stock no matter what!

As nameh3 says we have all taken our eyes off the ball.

Over 2000 posts and nearly all recipes

Righty, I am going to peel some spuds, decided on steak pie and 3 veg with mash and a nice gravy.

Ever tried cranberry juice with lemonade half and half?

Delicious!

Aldi do the best lemeonade imho at 25p for 2 litres and it does not lose it's fizz!

Worth a trip.

Do we have a shorting campaign going on at the moment. I am trying to find the bottom in order to buy. Unless of course, someone can give a valid and concrete reason for the selling, in which case I won't!

pete from an earlier entry



Short sellers were on the prowl yesterday and dealers reported they were busy attacking two stocks in particular. The car dealer Pendragon was the worst affected, falling 8p to 267p, with those shorting the stock taking the view that all is not rosy at the group and that it is struggling amid tough trading conditions. Suggestions that business is not booming for car dealers was no surprise to those who follow the sector closely. They noted that back in September, HR Owen, a Pendragon rival, was forced to issue a profit warning.

It was less clear why shorters were targeting Sterling Energy, down 0.25p to 17.75p. The oil explorer has had a great run over the past year on hopes that its assets in Mauritania will eventually prove to be very profitable.
http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=585739

Must say I rather like the ability to post the banners....... look nice don't they?

Ian, cheers for the comments. somehow i think a certain persons last post (2038) sums up her "value added" idea of posting.

SWW - i think the powers that be at moneyam would think this is the last thread things would get out of hand! it just takes one to rock the boat!

anyway as far as i am concerned it is back to newsflow, discussions and the frequent dinner recommendations.

SWW Thanks once again. I have these long term at 17.61 and have just been quoted 16.85 to buy. My finger is hovering on the button but I guess that when we do reach bottom there will be plenty of time to sense the moment. Also holding PCI, PRE and AFG. Thrills and spills stocks, all of them!

I refer back to this post:

StarFrog - 11 Nov'04 - 13:01 - 1621 of 2043 edit

I might be missing the point here but if SEY have had to issue new shares to raise the 97m (amounting to 41% of the new combined shares in issue) won't we then see a drop in the share price on the 19th to match this dilution of the market cap? Obviously I'm hoping not. But isn't this a fundamental matter?

Of course, if the sp does drop it will represent a new buying opportunity.

PS Hilary, I'm a muppet.

PPS I've always intended to be long, very long, on this one and am not at all bothered by todays drop. If shorties make some money of it, then good luck to them.

Well plenty of posts to catch up on here.

Ok,so we are down today and there seems to be some shorting or talk of shorting going around, big deal. Personally I couldn't care less if some are short. I guess the shorters feel they may make a quick buck, well that's up to them.

Me, I continue to look at where the company is going to be over the next few years, not where the sp will be in a few weeks or a month. I've taken a long term view of this and continue to do so. I'm in this until 2006 at least so short term sp movements don't really concern me.

So Hilary say's she is shorting this. Fair enough, that's her call. I'm not going to attack her for doing so, not my style.

Anyway, I hope this board will not descend into chaos because of talk of shorting.

Starfrog.

this is NOT a one for one rights issue where you would expect the price to halve when the issue size is doubled. This is a placement at almost the existing market price which implies that those who purchase in the placement are paying the same as a current holders shares are worth (or there abouts).

In a rights issue, if you chose not to take up your rights and didn't sell your nil paids then (in a 1:1) the share price would indeed halve on the dilution of new stock.

i know i am repeating myself but really want the point to be understood!

proptrade - thanks for that, you've explained that nicely. However, and I'm sure that I'm still wrong here (hoping!), the placing was to raise money to give to the Mauritanian government to secure the licensing deal. Therefore, the money raised is not in the company's coffers, per se. But, the number of shares in circulation has nearly doubled. Since the market cap of the company hasn't changed but the shares in issue have, surely the notional asset value (or SP) decreases?