By Peter Brailey | Monday 6 July 2020
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.
Rockrose Energy (RRE) today announced an agreed all cash takeover at 1850p, which is a substantial premium to Fridays close of 1130p. I did not like elements of the business and called it a sell back in March and avoid at the May Share show in my chat with Tom Winnifrith. Given the share price was around 706p on the first call and 900p at the second– I think that’s called getting it very wrong. I talked Tom out of buying the shares and so have cost him £9,000 and as a result my career with Shareprophets hangs in the balance.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen