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GKP Gulf Keystone Petroleum Ltd

134.60
-4.40 (-3.17%)
Last Updated: 14:48:13
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.40 -3.17% 134.60 134.40 134.80 139.80 134.50 139.60 1,621,495 14:48:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 123.51M -11.5M -0.0517 -26.50 304.75M
Gulf Keystone Petroleum Ltd is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker GKP. The last closing price for Gulf Keystone Petroleum was 139p. Over the last year, Gulf Keystone Petroleum shares have traded in a share price range of 81.70p to 148.00p.

Gulf Keystone Petroleum currently has 222,443,000 shares in issue. The market capitalisation of Gulf Keystone Petroleum is £304.75 million. Gulf Keystone Petroleum has a price to earnings ratio (PE ratio) of -26.50.

Gulf Keystone Petroleum Share Discussion Threads

Showing 706501 to 706520 of 708200 messages
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DateSubjectAuthorDiscuss
18/5/2024
17:59
IG are a business. A bookie has hedge risk management depts. They have decided to many people on their books are futures GKP bets, and effectively they cannot hedge and offer that bet..

It means we are most probably a very volatile share (I call it the gamblers share).

They think we are unstable to their books and have decided to reduce risk.. they don't study the ins and outs of gkp.

That is all.

mmt1
18/5/2024
17:43
They make mkts in everything.But apparently they could not make mkt in little old insignificant gkp.Lol.There is a huge long position there.
redbed
18/5/2024
17:40
For info:

IG are a predominanitly old fashioned booky, well they started that way. I used to hold effectively a fairly hefty sum in SIA/PHAR - I know they hedged it... they even gave me the option to to transfer shares to them for a percent of cash on book rested with them time at LIBOR daily which I took... I had a personal account manager at the time called Al. I haven't checked, but redbed could be right.. Could understand why ig don't take bets on gkp yet ci do... probably due to to someone having a large spread bet on gkp they don't wish to close and are happy to roll..

mmt1
18/5/2024
16:56
GKP has been 'in play' since 2012.
I know this sounds idiotic to most, but the city knew the outcome from the first 2009 oil strike........

GLAlongs!!

johnbuysghost
18/5/2024
16:41
Bob doth protest too much lol.Bob doesn't understand what is happening here..Antitakeover DefensesIn response to these hostile takeover techniques, targets usually devise the following defenses:1. Stock repurchaseStock repurchase (aka self-tender offer) is a purchase by the target of its own-issued shares from its shareholders. This is an effective defense that successfully passed such prominent antitakeover defense cases as Unitrin above and Unocal Corp. v. Mesa Petroleum Co.
redbed
18/5/2024
16:14
Yes if a company chooses to buy all of their own shares then this is defence tactic. Which is I believe what happened in the example you cited. That clearly isn't happening here. Either way, I don't pretend to know everything, and frankly there is no point arguing with someone who spams the board constantly with takeover and share price to the moon predictions that never materialise. A part of me is in admiration that you can keep it going on such a constant basis.Shortsqueezer, the share price rise is multifactorial, but it's likely related to fact that the majority of people recognise that this is a sensible move by management and demonstrates good leadership. It also underpins the price for a while, so less risk of big drops. Also the company results show it as producing 7 million free cash flow per month with no debt. The share buyback is part of the rise, but there are lots of other positives to want to buy into the company right now. Hopefully this continues.
bobgray51
18/5/2024
15:27
V interesting. Thanks
shortsqueezer
18/5/2024
14:56
Makes sense but how are you working out the free float? There has never seemed to be any difficulty buying as far back as I can remember
shortsqueezer
18/5/2024
14:37
SS it correlates when you think that probably only around 5% maximum of the stock is liquidly tradeable if that!!!.That's why this defence tactic is going to force the price up / force a public bid / increase ultimate price paid.
worldquant
18/5/2024
14:33
Bob doesn't understand what is happening here..Antitakeover DefensesIn response to these hostile takeover techniques, targets usually devise the following defenses:1. Stock repurchaseStock repurchase (aka self-tender offer) is a purchase by the target of its own-issued shares from its shareholders. This is an effective defense that successfully passed such prominent antitakeover defense cases as Unitrin above and Unocal Corp. v. Mesa Petroleum Co.
worldquant
18/5/2024
14:15
Totally agree.
grouchomarx
18/5/2024
14:13
It's a takeover by stealth and the BOD have got wind of it imo.
johnbuysghost
18/5/2024
14:04
I can see that. But we've only bought just over 300k but the share price has risen over 10 percent. That doesn't correlate Not that I'm complaining.
shortsqueezer
18/5/2024
13:40
This is one of two ways to return value to share holders. If the price of the stock is overvalued, then dividends are better for shareholders. If undervalued then buybacks are better. It's as simple as that. Occasionally buybacks can and are used to artificially inflate a stocks price so that management hit their performance targets. But this is not the case here. Management are being very sensible. There is no ulterior motive or anything shady. And it's not some kind of takeover defence or order book working. The stock is relatively liquid. It trades several million shares a day, every day. Buying 10 million of stock and cancelling these shares makes everyone who owns shares in the company richer. We all benefit. When the pipeline opens we will doubly benefit.
bobgray51
18/5/2024
13:33
The process to elect a new speaker is starting. "Source: The penalty for any MP who causes trouble during the speaker of the parliament selection session may include his dismissal from Parliament." Looks like they might actually get it sorted this time around. Here's hoping.
bobgray51
18/5/2024
13:23
Would it not make more sense to keep them in treasury though? Assuming they would still carry voting rights?
shortsqueezer
18/5/2024
12:31
Just Stop Oilman. 👌

🇧🇲📏📏 8207;📏Ԃ07;

0ili0
18/5/2024
12:25
Thanks for the info. In other news Geoff Hurst just scored a hat trick in the world cup final and Argentina have invaded the Falklands.
pittcock
18/5/2024
12:25
Just read this for the second time and it appears a bit confusing. So the initial buy is for £10000000 worth but have stated that they may buy up to 22 plus million shares. Also on the one hand they say they will be held in treasury but then go on to say they will be cancelled. That's how it appears anyway.
shortsqueezer
18/5/2024
12:10
Gulf Keystone Petroleum Limited (LSE:GKP) commences share repurchases on May 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 16, 2023. As per the mandate, the company is authorized to repurchase up to 22,244,365 shares, representing 10% of its issued share capital. The minimum price, exclusive of expenses, which may be paid, is the nominal value per share. The maximum price which may be paid for any such ordinary share is the higher of 5% above the average of the middle market quotations for the ordinary shares in the company as derived from the London Stock Exchange Daily Official List for the 5 business days immediately preceding the date on which such ordinary shares are contracted to be purchased and the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange Daily Official List at the time the purchase is carried out. The repurchased shares will be held as treasury shares. The plan will be valid up to the conclusion of the next Annual General Meeting of the company in 2024. As on May 18, 2023, the company had 222,443,655 shares in issue and no shares in its treasury. On May 13, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares pursuant to the contract with Peel Hunt LLP and Canaccord Genuity Limited. The repurchased shares will be cancelled. The repurchases program will commence immediately and run to the earlier of its completion or the Company's 2024 Annual General Meeting on 21 June 2024.
r9505571
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