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SDX Sdx Energy Plc

3.65
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sdx Energy Plc LSE:SDX London Ordinary Share GB00BJ5JNL69 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.65 3.50 3.80 3.65 3.65 3.65 1,591,725 07:43:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sdx Energy Share Discussion Threads

Showing 2176 to 2200 of 10325 messages
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DateSubjectAuthorDiscuss
27/4/2017
12:24
Rightly or wrongly, the Company issued the announcement on their website and simultaneously mailed it to registered users, in effect in place of the rns that couldn't be released on a public holiday.
I had already researched the news stream services in Canada, in case it was solely released there, prior to market opening.
The only way the field can be absolutely level, if a stock is dual listed, is if the announcement is made when both markets are open. I believe most people are not in favour of that procedure.

captain james t kirk
27/4/2017
12:07
Capt Kirk

No I did not receive an email re the press release.
On Bank Holiday Monday I was catching up after returning from holiday and started by looking at the SDX website where the news release featured on the home page but was NOT listed on the news page with regulatory news items. I presume that it is the latter that drives automatic emails to news subscribers. I then posted the news here.

NEO26
No again. The RNS was released here on the TUESDAY morning not the Monday morning. That's precisely my point.


So sequence of events:-
> press release posted to SDX home page but NOT newsflow page and not anywhere else findable by a Google search
> within minutes - I find the press release by pure chance and post it here
> a few hours later - regulatory announcement in Canada
> 24 hours later - RNS in UK


Now my beef is that whilst all this is in line with the letter of the regulations - all UK market participants were informed by RNS at 7am on the Tuesday before the market opened. It is not, in my opinion, in line with the spirit of the regs which aim to ensure a level playing field.

People in the UK who heard about the gas discovery by chance by reading the SDX home page or by reading this ADVFN thread were given an advantage over other people. They were given several hours for further research and analysis before the Canadian market announcement was made - so they had an advantage over the Canucks. And they could then deal on the Canadian market that Monday so they had an advantage over other UK investors. Even without these two advantages such people were able to get themselves ready to rumble first thing Tuesday whilst others might still be digesting that morning's RNS.

SDX was already my biggest position before the announcement, and normally I would be disinclined to increase an overweight position. However, having had lots of time to analyse and prepare, I placed an automatic limit order to buy more shares which was executed at around 8:02 Tuesday. I am not unhappy with the result.

My point is that whilst it was open to any investor or potential investor to do what I did and read the co's homepage and/or ADVFN, it remains true that a "normal" investor depending on
1) RNS services
2) email updates from SDX's newsflow service
3) Google

would not have heard the news until 7am Tuesday - some 24 hours after it was first available. I feel that is not really ideal. Whilst our putative "normal" investor would still have had an hour to gird their loins, I enjoyed the advantage of 24 hours loin girding time, so my loins were definitely better girded than Mr average.

I don't want to make a big deal of this. I just think it could have been done a little better.

tournesol
27/4/2017
11:43
It's not just an SDX thing though, it's something I've noticed over the years in Canada. Here's another random example, AOI,
thegreatgeraldo
27/4/2017
11:42
I'll be spending this Bank Holiday Monday at Chartwell in Kent - the family home of Winston Churchill and now a memorial to that great man.

I do not want to commit lese majeste but I think that one of his wonderful and most famous phrases might apply to SDX following their transformative recent acquisition and the successful gas discovery.

"This is not the end.
It is not even the beginning of the end.
But it is the end of the beginning."

tournesol
27/4/2017
11:37
The 2am timestamp Toronto time came from the press release (5 hours ahead of the RNS in Toronto which itself is 5 hours ahead of BST) so no need to waste any more time on it.
bountyhunter
27/4/2017
11:17
Sedar have it timed at 08:14:44. When I've nothing better to do, must look in to where the 02:00 time stamp comes from. Maybe vanmorrison can shed some light on it....
thegreatgeraldo
27/4/2017
10:49
That's the press release not the RNS
bountyhunter
27/4/2017
10:41
2:00am EDT time stamp here,



Whatever time, it was obviously pre-open in Toronto

thegreatgeraldo
27/4/2017
10:29
The RNS was released in Toronto at 7am which is midday our time.



It's the website press release which was earlier.

bountyhunter
27/4/2017
10:21
I can only remember on Monday morning when I looked at one of the blogs it was around 7.30am it said "we have found gas" it was dells post.. :-)RNs was released early morning on Monday our time..
neo26
27/4/2017
10:18
What more can we ask for:-The company are really confident with 3d data. I mean very confident...The gas find has significantly derisked further 3-4 structures on this surveyed part of concession.The company are hopeful of an oil find, "watch this space". :-)If they find oil they have another prospect ready for drilling which has potential to have much more oil. Sd-1 deep.Cameron Snow is the man who knows the these trends very well, as he has worked for Apache in the past. Apache are producing in the aeb zone and Abu roash in western desert.Come on sdx...
neo26
27/4/2017
10:14
That is exactly what I said tournesol
deltrotter
27/4/2017
10:13
tournesol, in practice we get first dibs on news.... drilling news during market hours is bad form (it's a common lenigas trick), which means news is after hours in Canada or pre-open over here, one & the same thing... unless bank holidays intervene
thegreatgeraldo
27/4/2017
10:07
yes the press release was indeed earlier but the RNS not until some hours later;
here's hoping for an action replay as long as the news is good!! :)

I agree tournesol one would expect RNS news to be synchronized for a dual listed stock without news being released to the press ahead of an RNS but as long as the news is positive that's the main thing for me

bountyhunter
27/4/2017
10:04
The SD update was released at 2 of the clock Monday morning in Canada. I'll be checking before Canada opens next Monday as I missed it last time. Of course, the next update could justas easily be next Wednesday or Thursday ;-#))
thegreatgeraldo
27/4/2017
10:04
tournesol posted the comments on here at around 7.10am on Easter Monday whilst travelling back from Delhi. He would have received the Company announcement on his lap top or phone automatically as I assume he is signed up for Company news releases.
Isn't everybody ?

captain james t kirk
27/4/2017
10:04
Del

I think your memory is playing tricks on you

unless mine is doing the same, what happened was a news release appeared on the website on the Monday morning but there was no RNS - presumably because it was a bank holiday and our markets were closed

then later in our day there was an official announcement in Canada - effectively a Canadian RNS - that came before Canadian markets opened

next morning - Tuesday - there was an RNS in the

I think that all of the above was in line with the letter of the law as far as the regulations go, but it does not feel quite right to me. There are UK investors who hold shares on the Canadian market and whilst it is true that they could have checked Canadian announcements it feels wrong that there was a timelag between the announcement in Canada and the UK RNS. If I were responsible for corporate regulatory communications, I'd have released simultaneous RNS announcements in both markets. And if I had been concerned that UK investors might overlook an RNS on bank holiday Monday then I would either have held back the Canadian one or I'd have doubled up just to make sure by issuing in both places on both days. Better safe than sorry.

So, bank holiday or not, I'll be looking at announcements and price action in Canada this Monday.

tournesol
27/4/2017
09:58
edit - stand corrected, I've just found a link and the press release was Monday am although the RNS was later!
bountyhunter
27/4/2017
09:54
Monday as well - just checked, Toronto's open
thegreatgeraldo
27/4/2017
09:52
It was released Monday morning on SDX website and then via the regulatory news in Canada during the day....
deltrotter
27/4/2017
09:50
I think you mean 'Tuesday' should be interesting someuwin - I agree, that's the most likely date for an update :-)
...unless we get an update Monday night like we did last time if I remember correctly

bountyhunter
27/4/2017
09:32
SomeuwinThe interview was on a Tuesday and PW said something along the line of 2 weeks today we should be logged and reach TD.
neo26
27/4/2017
09:27
Would be very nice if history repeated itself someuwin.
soulsauce
27/4/2017
09:17
Bank holiday on Monday.

It was also a bank Holiday two weeks ago when SDX put up the news of the gas find on their website.

CEO said at that time that they expexted to report on any oil finds in two weeks time.

Monday should be interesting.

someuwin
27/4/2017
06:55
Yes, there's nothing new in the update simply a reinforcement of the bullish future at SDX and their focus on upping production to 20k boepd over the medium term (7 wells to be drilled etc)
gersemi
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