Harbour Energy Share Discussion Threads

[markymar] 19/3/2021 08:15

Buy on the dip Andy!

[stansmith3] 19/3/2021 06:48

andyyes our resident beauty therapist ( with his special version of TA that advocates ignoring debt, rights issues and macro events etc) is still up to his posting buy only trickspeople now seeing him for what he is

[andypop1] 18/3/2021 23:28

Stanley,
If there is a big dip tomorrow it will give the special one (dB) an opportunity to retro trade this, he can then tell us all about it after the event!

Marky,
Did the highly "qualified" city trader ever get back to you on where he sees this going?
If he didn't then we can only assume his 60p, or way higher, target still stands.

Good luck and night.

[andypop1] 18/3/2021 21:13

Melqart continued forward selling their creditor shares yesterday increasing their short by 0.21%.
The creditors are the biggest winners here!

[andypop1] 18/3/2021 21:06

A $90m outflow of cash at a realised oil price of $49.40, didn't they say they would be cashflow positive at $33 oil?
The sooner the deal completes the better as under the old regime the market couldn't trust a word printed in their official releases.

[stansmith3] 18/3/2021 19:25

looks like a big dip tomorrowgistyetmarky?

[shaf200] 18/3/2021 16:20

Buy the dips amigos...

[stansmith3] 18/3/2021 15:00

and there are a lot of them

[catsick] 18/3/2021 10:15

The shorts are not shorts , they are longs who are pre selling

[deanmatlazin] 18/3/2021 09:58

hoping for 50p . shorts need closing

[heialex1] 18/3/2021 09:32

Undoubtedly they would have wanted as large a loss as possible for this last set of results so they can maximise the tax losses in the new entityHarbour have done a fantastic deal

[markymar] 18/3/2021 09:01

Adg agreed but does it matter as PMO will not exist in 2 weeks timeI can still see 40p to 50p

[buywell3] 18/3/2021 07:57

US$ 1,302 million loss after tax

[markymar] 17/3/2021 23:22

ARCR were fraudulent and broke the law.....full stopThey in doing so with covid and low oil price backed PMO into a corner they could not get out of from the fraudulent way.Just remember Andy what comes around goes around

[andypop1] 17/3/2021 23:11

Stanley,
ARCM outsmarted the company, big Tone and the bull gang and should be commended, not criticised, for having the know-how and audacity to do so.
I honestly hope those who have been holding this long-term and claim to be in profit through averaging down escape at a minimum of break even despite what has been posted on here but more importantly I hope they have learnt to listen to the opinion of others.

Night.

[stansmith3] 17/3/2021 22:54

andyas i recall our team of experts predicted pmo had acrm by the balls and big tony had played a blinderwhat would follow would be a rapid rise to 100peven covid wouldnt stop itnope50,40,30,20,11pthen they realised they had it wrong, everyone else got the message at 40pbut then a wonderful thing happened, pmo rallied to 17p and they forgot all about the losses from 120pnow our team - who must be some of the worst ever investors to walk these boards would have us believe they are profitpull the other one

[andypop1] 17/3/2021 22:44

The shorting fools are cashing in their creditor shares for 30p rather than waiting for the much promised year end quid!

Marky,
It is showing on the company website.



ARCM may be locked in but that depends on whether the % is net or not, none of the other creditors are locked in and some of the smaller Chrysoar investors will be free to trade their shares.
It may turn out to be scaremongering, if that's what you want to call it, but isn't the purpose of these boards for us to share our knowledge and opinions?

When I think back to what has been posted on here over the last 18 months and where the share price is today, I'm happy to be accused of scaremongering.

Have a read of my post below, while not entirely accurate (I did say it was hypothetical) it was seen as scaremongering at the time, as were many of my other posts.

Good luck.



andypop1 - 10 Dec 2019 - 21:02:38 - 47163 of 53687 Premier - Charts and All - PMO
This short is fascinating and has the potential to put the company into administration if the reported debt held by the shorter is correct.
I don't believe it will or that the intention is to see the equity hit zero but the position they have created has to be admired and respected.

Let me give you one scenario of where they could have spent some of their reported $380m.

Take the retail bonds for example, they could well have been picking these up for under £40 during 2016 and around £80 in the run up to the 2017 refinancing so at an average of £60 they only needed to spend £75m for the crucial 25% of the votes needed to block any resolution at a bondholder meeting.
These bonds are now trading at or slightly above face value so potentially they are sat on a profit of £50m with the controlling vote and that is ignoring the coupon they will be receiving.

The above scenario is purely hypothetical but if they do have the controlling vote over £500m worth of the debt and one crucial financial instrument in the debt refinancing that has to be agreed and implemented by the end of May 2021 for potentially £75m or at worst full face value of £125m it makes you wonder where the rest of their reported $380m has gone?

This could only work on a heavily indebted company with limited scope to borrow due to the complexity surrounding the recent debt restructuring with several financial instruments interlinked where the senior debt of those instruments is equal, secured against assets held by subsidiaries of the holding company and had zero chance of being paid off at maturity.

This hedge fund appears to have played a blinder, it makes you wonder if they showed their hand as the negotiations have now begun.

This could make the convertible bondholders look like amateurs.

Good luck to the brave!

[markymar] 17/3/2021 22:09

Again Andy I am not sure if we will be an update due to stock market rules due to takeover

[markymar] 17/3/2021 22:07

I think you maybe scare mongering with all those shares coming on the market as I am sure they are locked in up to 6 months

[stansmith3] 17/3/2021 21:01

andywhat do these shorters know? have they not heard what is being claimed here?

[andypop1] 17/3/2021 20:39

A short update!
Mirrabella up 0.22% and Melqart up 0.32%, that's another 5 million rinsed on Monday and Tuesday.

[andypop1] 16/3/2021 21:30

Csm,
No they haven't, they increased every day last week, not quite the short squeeze that was predicted by many.

[sbb1x] 16/3/2021 20:13

Melqart Asset Management (UK) Ltd short position in PREMIER OIL PLC up 0.18% to 4.50% #PMO $PMO #LSE #StockMarket #Stocks #Shares #Business #Markets #Trading #News #Investing #Short https://t.co/vM411LdLkR