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.
We are just such nice guys here at ShareProphets – we want to help out those least able to help themselves. And so we come to the case of Chris Oil (AKA Mrs Williams) and that holding of 48% of New World Oil and Gas (NEW) – as opposed to the 10% figure that Nomad and Broker Beaumont Cornish was happy to sign off just last week. Mrs Oil/Chris Williams (mix and match as appropriate) has a potential £7m problem – but YOU can help save him/her.
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Comments
DUCK AND DIVE
This is nonsense: a waste of your time and mine. ShareProphets must be woefully short of news and insight today.
TW Note: D&D - since when did you buy this site? If you have let me know and I shall quit at once,. If not then fuck off as you do not dictate what our writers opt to submit. If Nigel wants to submit this then I shall publish. I do not veto or vet our writers as I believe in free speech. So show me that you have bought ShareProphets and I quit,. Otherwise please do not try to tell us what we should or should not run. No-one is forcing you to read it.
wildrides
Naah …………… let the “do well” become a “nare do well” and get a useful dose of humility . He can then sue Fatty Cornish for his 7 million since presumably it was the nomad that wrongly advised him as to the safe limits of his position . All he has to do is sell down his stake anyways ……….. they wont take any action then .
Jason
If Chris Oil (& his drag persona Mrs Williams) owns 49% of the existing stock then regulators should force him to play by the rules not get a sympathy get of jail card. In fact I’d go further and say that as Chris tips shares and has the requisite brain cells to trade them he should be treated no differently to the brokers, NOMADs, fatcats etc this site regularly (properly) slams.
PS I wish you’d stop telling readers to F Off Tom ~ we get that it’s your site not ours but presumably you rely on us mere mortals visiting (for ad revenue) and buying your services (HSR, NF, books, shows) to help balance the books.
wildrides
Duck ,
you did very well with that one ……… he must have a “bag on” this AM to get a “fuck off” so early in the day ……. well done lad . Oakley must have been sick in his trowsers or summat similar .
Current gradation goes :- Tool , complete tool , wanker , complete wanker , fuck off , go fuck yourself .
DUCK AND DIVE
It’s because I love this site and its core values that I despair of its occasional excessive childishness. I want the regulators, the industry and your peers to take you seriously and not dismiss you as a joke.
And if it’s true that no-one has any control over what is uploaded for public consumption under your banner then I urge you to vest that responsibility in one of your less childish associates.
Andrew
You’ve got to fit cocksucker is in there somewhere Wilds. I have the image of a cranky alcoholic Professor, constantly irritated by having to mark inadequate essays and only content when gazing out of the window holding a glass of single malt and stroking his cat. This is what Britain needs. You can get a sterile sharebot with Simon Thompson.
wildrides
Andrew
dam …….. forgot about cocksucker ………… that must go after “ complete wanker” in the order.
I love your image of the cranky Prof marking crap essays ! I shall hold that image for ever now .
I love this site ……. it makes me laugh like a drain . Its second only to the Derick and Clive live recordings by Pete & Dud.
Malcolm Stacey
Chris Oil happens to be a very nice bloke. I like him a lot. Rather eccentric, true. But the boring City needs characters. Obviously he was unaware of this rule, or he would not have put himself in this position. I’ve been doing shares since the days contract notes were in Latin, and I’m not sure I knew it, either. Chris is a share-shifter like the rest of us and should, nay, must, be supported. I have no love for the City establishment and their ‘job’s worth’ regulations which so often let the real nasties get away with it.
Jason
Sorry Malcolm the takeover rules are commonly known I’m very surprised you claim to be unaware of them ~ surely some of the shares you’ve held over the years have been subject to takeover/merger talks? Normal investors don’t buy just shy off a controlling interest. Stupidity isn’t a defence nor is coming unstuck through greed.
ROB
Chrisoil is anything but a nice bloke. He’s a horror show of a human being who, among other things, told a cancer patient on one of the chat sites that he hoped she would die, wrote xenophobic filth on another site, and pretended to be a Shell employee in the 1990s. No one will, or should, have any sympathy for him.
tex
Give’em HELL Tom.
Muse
Totally agree he’s a bully and spends an huge amount of time telling everyone else that he is an “expert”. His share tips and sell rec’s are often mendacious in nature. Most of it seems to involve the “pump” whilst he quietly shifts his own position only informing of his sell when other are bemoaning being spiked yet again.
The amount of time he spends sounding off about takeovers with regard to his “tips” makes me convinced that he jolly well should have been aware.
He loves talking the talk now time to do the walk!
tex
PS, I’m going to swim over there from
Texas and put my cowboy boot in New
World Disorder’s arses. One word: Fraudsters.
Muse
P.S Malcolm Stacey I can’t believe you didn’t know that either although I do note that you say you aren’t sure whether you knew it or not.
I’m pretty sure you either do or you don’t and my bet is that the wily old fox’s memory slipped during the duration of your post!
Woody44
If he’d got to 51% he’d be in the clear. Anyway, the Panel can’t actually force him to make an offer – its claws are quite blunt these days (See Bryan Myerson and Principal Capital).
Malcolm, I believe you consider yourself to be a relatively sophisticated investor? Then you must at least have some understanding of the takeover rules, otherwise you should do yourself a favour and put all your savings in a discretionary broking account and do the rest of us a favour and steer clear of share tipping sites.
I’m often staggered by the lack of corporate finance knowledge on this website with all sorts of stuff made up about, among other things, the AIM Rules (TW), the rules of rights issues (BT). It makes you wonder what other stuff they make up!
My tip: take much of what you read on this site with a massive pinch of salt.
bwakem
He could just buy another 400m shares on the open market – pretty easy given the volumes being traded – then he could quite rightly claim to own the entire company which would mean he wouldn’t need to bid at all. 400m shares at 0.1p is only £400k.
DUCK AND DIVE
I’ve just been upgraded to ‘arsehole’. I think he knows he went too far.