Savannah Petroleum Share Discussion Threads

[andrewsr] 27/11/2019 17:47

ngms, you keep repeating your mantra about empires, but without some reasoning, it's meaningless. Aren't all companies trying to build an 'empire' of some kind, i.e. become bigger?

[ngms27] 27/11/2019 16:59

Empires destroy. In this case it's shareholder value.

[stockport loser] 27/11/2019 16:02

I thought I did well at 21p, unbelievable given the 2020 cash flow.

[bushman1] 27/11/2019 15:32

1,000,000 BUY

[spooky] 27/11/2019 15:28

I'm pretty surprised someone hasn't stepped in to pick up the loose stock following the deal.

[mount teide] 27/11/2019 15:25

Finally flushed out a little fruit 417k @ 19.1p

[mount teide] 27/11/2019 15:06

It didn't bear much fruit if the reported trades are a reliable guide.

[divmad] 27/11/2019 15:02

But I didn't expect it today.

[mount teide] 27/11/2019 14:52

L2: Orchestrated short attack under way

[buffythebuffoon] 27/11/2019 14:48

Apologies for the double posts.

Buffy

[buffythebuffoon] 27/11/2019 14:48

Apologies for the double posts.

Buffy

[mount teide] 27/11/2019 14:37

buffy - and the fact that their operating costs are funded entirely by the market they are supposedly regulating/providing oversight of!

[mount teide] 27/11/2019 14:35

Over a 12 month view - much higher or they will have been taken out by a sector heavyweight!

[buffythebuffoon] 27/11/2019 14:33

MT,

The answer is in the composition of the FCA board....

Buffy

[buffythebuffoon] 27/11/2019 14:33

MT,

The answer is in the composition of the FCA board....

Buffy

[tiers] 27/11/2019 14:25

Where do you all see we from here? Anyone? MT? Thanks.

[mount teide] 27/11/2019 12:48

Andrewsr - price manipulation is endemic to equity markets - that the FCA had the nerve to claim that they were doing a good job providing market oversight by reducing the amount of selling likely on the basis of using inside information before a placing announcement or buying before a takeover announcement from circa 30% to 20% of all trades over the last decade is outrageous! If they know that 20% of these trades are the result of people committing fraud - what are they doing about it?

'The manipulation would be a more plausible explanation, but why do it?'
To make money! If churning stocks up and down by 15-20% were not lucrative for the larger market players that do it through employing the use of sophisticated algo's it would not be happening.

Why did a group of hedge funds immediately prior to the announcement of the 7E takeover deal elect to covertly set up a 6.6% short on SAVP inside a month without triggering a single 0.5% notifiable position? The fact they carried it out so secretively in order to avoid triggering a notifiable short interest suggests very strongly it was done on the basis of using information not then in the public domain.

[andrewsr] 27/11/2019 11:49

Thanks MT. The price action seemed to suggest a lot of short term traders selling based on graphs, i.e. a down trend or triggering stop losses, but 5% short term traders shouldn't be significant. Otherwise, it seems very strange to be selling, probably at a loss, at this price level based on fundamentals, i.e. no negative news. The manipulation would be a more plausible explanation, but why do it?

[mount teide] 27/11/2019 10:51

HAF - 95% of PI's are long only investors and most are short term investors/traders who use stop losses.

One of my sons works at a CITY CFD and Spreadbet service provider as a senior trader - 96% of his firms clients lose money over the longer term and lots of it, from leveraged short term trading and 'limiting' their risk through the use of stop losses.


" the current share price constipation reflects that there are not enough people convinced by the fundamentals."

If this were the case why was the market recently prepared to pay up to 27p prior to the 7E deal completion announcement, when the fundamentals were not as attractive?

[haideralifool] 27/11/2019 10:22

MT surely this only works where buyers are going to be affected by charts.

So the current share price constipation reflects that there are not enough people convinced by the fundamentals.

[mount teide] 27/11/2019 10:17

Andrews - firstly they take control of the book by putting up many positions inside the MM's bid and offer prices - then employ stock 'churning' and the use of small auto trades to move the s/p.

For example, say they set the bid side of the book up with positions at 24p(25K), 23.9p(20k), 23.8p(20k), 23.7p(10k) and 23.60(1.5k) - while on the offer side they had positions at 24.5p, 24.6p, 24.7p and 24.8p.

If they wanted to move the price down, I've seen them absorb net buying pressure and then instantaneously remove all their positions above 23.6p on the bid, to execute a small auto trade(on their own 1.5k at 23.60p) to trigger the share price to tick down.