UK 19:27 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Bidder Worldview has made it clear that Petroceltic (PCI) equity is worthless and the fact that the debt trades at 35 cents in the dollar shows that it is right. As such the 3p per share offer from Sunny Hill ( aka Worldview) is the best outcome for idiots who own these shares. That the Bulletin Board Morons are in denial - see HERE - is no shock but leading City brokers? WTF. Prepare to meet an analyst who makes an amoeba look like a multi-brained frigging genius.
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Comments
Duck and Dive
So why are the MMs still happily accommodating sellers at 10p?
Drunken Sailor
This is AFREN and the white knight all over again!
How much do you want to bet PCI hits 18p on Mon? That bet has got to be worth at least 2 bags of salt and vinegar.
Do BMO and Cenkos have clients who want to get out? Must have!
D&D MMs will take sells at any price that gives them a turn when there are enough buyers prepared to pay more. The spread only widens to 100% or more when MMs do not want any to take anymore shares because there are no buyers only sellers. You can’t blame MMs they just provide a market and take their cut for doing it.