Meridian Petroleum Share Discussion Threads

[william-just] 30/11/2009 10:07

SOGGY, most sold a fraction to take up the 25p offer and in effect enlarge there holdings, but most wont sell below £1.00
So the share shortage will go on.

[alwaysaloser] 30/11/2009 10:06

soggy

i am 50/50 as to which way this will go short term, as you say a lot of shares at 25p could be sold for a nice profit on tuesday. are the instis locked in ?

long term I see this as a great investment, but this week nothing would suprise me

imho

good luck
aal

[soggy] 30/11/2009 09:59

Pin - I'm not doubting that we're on a winner here, it's just a question of whether in the short term, like today or this week, there might be a flood of 25p shares hitting the market. Some people could offload a substantial tranche and the share price might in fact head down towards 25p. I hope not, but others more experienced in these matters might have a view...

[pingu08] 30/11/2009 09:55

Soggy-
IEC was placed @ 25p......

[all in eol] 30/11/2009 09:54

William-Just - 30 Nov'09 - 09:50 - 16532 of 16532

I think it's the mm's selling the overhang from last weeks 100k sell no?

[pingu08] 30/11/2009 09:54

W-J No, it's the automated systems that can't recognise buys or sells, they purely match them against bid & offer at time of trade, mm's don't mark them as buy or sell.

Should see some good action once confirmation of all EGM items passed

[soggy] 30/11/2009 09:53

While the rise just now is good - shows confidence - and there will indeed be a lot of return money which might be ploughed in, there's always the question of how many people will cash in their 25p shares for a quick 100% profit.

Anyone care to speculate when those will start to hit the market and whether it will stop the, now inevitable, rise?

[william-just] 30/11/2009 09:50

All buys are listed as sells it's the MM's playing games.

[masser] 30/11/2009 09:49

phew swampy, would have been a problem if the excess was more

I just bought some (showing as a sell)

[technohead] 30/11/2009 09:44

thanks AIE - got a bit confused as in the last 10 minutes prior to posting my Spread firm had updated my account to show the 1 - for - 3.

[swampydrill] 30/11/2009 09:35

I sent an e-mail asking for my full entitlement of 20k, followed this with another e-mail asking for a further 35k as part of the excess offer, turns out they took my last e-mail as my only instruction and thought i meant a total of 35k ie 20k entitlement and 15k excess. They tell me that they will always act on my last e-mail but the fact was they were both my last e-mail on different parts of the offer, H&L managed to do everthing seemlessly and for a lot more shares.

[masser] 30/11/2009 09:30

swampy what happened at selftrade?

[william-just] 30/11/2009 09:27

The above 52 are all buys

[all in eol] 30/11/2009 09:24

TechnoHead - 30 Nov'09 - 09:21 - 16525 of 16525

Mid is 53.25

[technohead] 30/11/2009 09:21

Don't have L2 - am I seeing something wrong - seeing a mid price of 63 currently ?

[all in eol] 30/11/2009 09:21

Enq, you had to buy back any of those shares you sold yet?

[technohead] 30/11/2009 09:18

I think "imminent" is a more likely term for the last day of MRP!

[investorjon] 30/11/2009 09:13

'quick'...not exactly the word some of us would use. But waiting this long, perhaps 6-18 months more seems like a walk in the park.

[swampydrill] 30/11/2009 08:40

May be quick for you Pingu but i have been waiting nearly 4 yrs for a profit, considering i was looking at a large loss, things are looking a lot brighter so although £1 will be nice, it won't be time for me to sell.

[pingu08] 30/11/2009 08:36

Will probably see a change in the investor base swampydrill, fair do's for those who got in on the low earlier this year to sell at £1 if they are happy to trade on quick small profits.

Wonder what share price the board are targetting for their first real placing?

[swampydrill] 30/11/2009 08:28

Lets get to £1 and see how many of this lot are still in.
Once we get the green light for all the changes today, i can see this going close to 60p today.

[investorjon] 30/11/2009 08:26

swampy. Where it went with IEC hopefully.

[swampydrill] 30/11/2009 08:24

IJ, depends where u think the share price is going.

[william-just] 30/11/2009 08:23

my 10k buy showing as a sell

[bloodhound] 30/11/2009 08:22

Well I knew this was going to happen, stuff all shares for PI's.

Good news for the company (and us eventually) bad news for my early retirement plans!

Bh.