Trades and observations from a British contrarian stock investor

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Wednesday, February 16, 2011

Bowleven below November placing price

Back in late November last year Bowleven (BLVN) successfully placed 22 million shares at 327p in record time. So at today's 325p we are below the placing price. The share price has slipped in recent weeks as JP Morgan and the BT pension fund have been offloading some of their stake (an RNS re BT's stake was released yesterday) presumably to derisk their portfolios with the significant share price increases in 2010.

But plenty of news to come in the coming months including the flow test results from the tertiary Sapele-1 sidetrack in the next 6 weeks or so.

Posted by Contrarian Investor UK at 9:07 AM
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2 comments:

  1. AnonymousFebruary 16, 2011 at 10:52 AM

    Get a twitter account and use it...it only takes seconds....you have a good blog.

    ReplyDelete
  2. Contrarian Investor UKFebruary 16, 2011 at 12:51 PM

    ContrarianUK twitter account now activated and posts will appear on blog homepage. Thanks for the advice.

    ReplyDelete

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