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

Sterling Energy PLC
05 September 2005



Sterling Energy PLC (the 'Company')

Holding in Company


The Company was informed on 2 September 2005 by The Goldman Sachs Group, Inc.
('GS Inc') that, at the close of business on 30 August 2005, GS Inc, no longer
had a notifiable interest in the issued share capital of the Company.

SWW,

They only had 3.09% to start with, so they haven't necessarily sold a large quantity, although they may have, and that may have been what has held the price back.

I was encouraged by the rise in price immediately after this was announced, one of the best ever sine I have held SEY.

Erm, I think this is a new announcent, different from yesterday, and please do not shoot the messenger.

I'm just doin' my job Sir...

afternoon all....dull day again. SWW, good to have you back as hopefully as investor! even a cheeky amount is better than being out...

SWW,

Sorry that IS yesterday's RNS.

This is today's;

Amevscap have added to their already considerable holding in SEY.
---------------------------------------------------------------------------


Amvescap PLC


FORM SAR 3

DISCLOSURE OF ACQUISITIONS
(Rule 3 of The Rules Governing Substantial Acquisitions of Shares)


Name of acquirer AMVESCAP PLC
--------------------------------------------------------------------------------------------------------
Beneficial owner, if different from above

--------------------------------------------------------------------------------------------------------
Names of any other persons acting by
agreement or understanding (see SAR 5)
--------------------------------------------------------------------------------------------------------
Company dealt in STERLING ENERGY PLC
--------------------------------------------------------------------------------------------------------
Class of voting shares (eg ordinary shares) ORDINARY 1P
--------------------------------------------------------------------------------------------------------
Date of acquisition 5 SEPTEMBER 2005
--------------------------------------------------------------------------------------------------------



Number of shares acquired 700,000
--------------------------------------------------------------------------------------------------------
Number of rights over shares acquired #
--------------------------------------------------------------------------------------------------------
Nature of rights over shares
--------------------------------------------------------------------------------------------------------



Total holding of voting shares (and
percentage of total voting shares in issue)251,429,322 ( 18.04% )
--------------------------------------------------------------------------------------------------------
Total holding of rights over shares (and
percentage of total voting shares in issue)
--------------------------------------------------------------------------------------------------------
Combined total holding (and percentage) of
voting shares and rights over shares 251,429,322 ( 18.04% )
--------------------------------------------------------------------------------------------------------



Date of disclosure 6 SEPTEMBER 2005
--------------------------------------------------------------------------------------------------------
Contact name ON BEHALF OF AMVESCAP PLC
--------------------------------------------------------------------------------------------------------
Telephone number 020 7065 4000
--------------------------------------------------------------------------------------------------------


# See the definition of 'rights over shares' in the Definitions Section of the
SARs.

For details of the SARs disclosure requirements, see SARs 3 and 5 and their
Notes which can be viewed on the Takeover Panel's website at

www.thetakeoverpanel.org.uk

SWW,

In fact I wonder whether Amevscap have bought those shares sold by Goldman?

If they have then it could be stakebuilding with SEY as a t/o target when they are still cheaper than many others.

So it is.

Tol' yer I was word blind..............

Can't get numbers rite either.

SWW,

lol!

a couple of very large trades at 16:30 today, which taking into account yesterday's jump, and prices, I have down as two buys.

Andy,
They look like two sells to me - not that that is any bother at the moment. Large stakes are changing hands at high prices and that can only be good for us. Someone clearly wants a lot of stock. Perhaps the talk of a bid from Woodside is not so fanciful after all. It would make a sensible fit and with Chinguetti about to flow now wouild be the time to make a move. Exciting times.

Pond life,

On today's trades I would agree with you. but due to their size, I wondered whether they could have been delayed from yesterday?

Until 13:00 yesterday, the offer was 20p.

Anyway, as you rightly say, large number of shares are changing hands, and the price was up yesterday, and held today, so maybe a bid is coming?

I would prefer another year before any bid, to secure my BATR!

I also thionk there may be a bid on the way.......................

As previously stated, Woodie would be the number 1 suspects for me.

Interesting to see that Amvescap added to their already substantial holding here with the 700k. That is a decent sized holding they are building here. Not going to get too excited about a possible bid approach, if for some reason it was going to happen, would rather it was later than sooner, ie - next year. Bit of a low volume day so far today.

i think they bought it direct from goldman...simple sales call to an existing holder...

Well if that was the case and GS wanted to get under 3%, then it's an easy way for them to do so.

exactly, and also avoid hitting the mkt. thats the way the big trades tend to work and how companies shift blocks of stocks. when you use bloomberg you have an almost up to date list of largest holders so it is an easy call to make!

i have a free bberg trial at the moment. i didn't realise how much i missed it!

bloomberg trial of what?

their bloomberg terminal. it is the best system but cost US$1700 a month for a minimum 2 years to subscribe. give you a clue, i won't be taking that up right now!

the system is fast, informative and you basically see everything the market sees at the identical moment. like level 2 but with all the bells, whistles and their messaging system to other guys round the market is awesome (i have got in touch with some punters i haven't spoken with in ages).

anything you need to know re holders i have now...please just ask...

Who is holding all the Cheese?