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Hi Northern. Yes - I hope for good news on thursday. Fingers crossed.
Morning squif,I'm sure AB will step up to the mark whenever his timetable for getting a return on his investment comes around, unfortunately it does not coincide with ours at the moment ,we just have to be patient,put our faith in the company and the fundamentals and top up when possible like he is. It's a gamble but one which just might pay off and i put my trust in my own choice of investments.
When was the last CMD Enquest had anyone please ???
Maybe AB will actually promote enquest this time !!
He has bought plenty of shares recently so I'm sure he wants a decent return of them.
I still think his average is in the 40s ??
Well our pelle. I personally think that ab would be better stepping up to be majority owner only and get a CEO who can market the company properly but that is my opinion. We all have our different skillsets and marketing is not ABs forte
Hi Hitman
I agree with your answer.
Ans : because the II don't believe Enquest can do it.
And thats the missmatch between AB and market, and then its not enough say look at numbers and send a vague guidance.
Thats what I hope will change on Thursday
Unfortunately Enq haven’t had the best of luck over the last five years, along with a complete shambles from Bumi, that through us in the bin for most investors and made us in investable for II’s. I do blame most of it on Bumi who now are reeling the rewards for Enquest sorting out their mess... how unfair to be frank.
It’s time AB made Enquest look attractive towards the large investors and the only way to do that is a plan of action set out to achieve dividends. The market wants a clear view of where we are heading.
No more keeping the cards tight to their chest.
Begs the question why don't the II's manipulate it upwards, make a killing then bail( do the opposite of what GballSachs are doing to PMO) we all know they only think as far as a profit, I don't think they are sitting there thinking ooooo that might go wrong again or that well might slow down, it sucks and the company just watches while the fundamentals are miscalculated BWTFDIK
Hi Pelle, I looked because I wondered if we had any competition on Thursday and we do. Centrica have a trading statement and may say something about the proposed sale of Spirit Energy https://uk.reuters.com/article/us-spirit-energy-m-a/centrica-swm-launch-sale-of-north-sea-oil-producer-spirit-energy-document-idUKKBN1XL19S
With the paucity of sell side analysts I hope there are still enough to go around. The Centrica news may be of interest if they mention Spirit.
In the past few years I thought the company handled the PR well. If you have nothing positive to say, say nothing. Or, in the words of lawyers, say 'no comment' and I bet the Duke of York wishes he hadn't bowed to the court of public opinion at the weekend. It was better for EnQuest to work in the shadows without the distraction of pandering to those with short term horizons in a long term cyclical industry. I believe we are beginning to motor and we have a good story to tell. The company does have a measured approach which is professional but I don't like it that TLW & PMO get more publicity than us when we have the better, more positive story imo. Myself and hitman did try and get into the CMD but were unsuccessful; i.e. they ignored our request. We cannot sneak in because they know us.
I know after the 2018 AGM, AB said the SP was low due to the lack of II.. but I remember the SP was about 36p at the time before the RI.. Indeed a member of the audience suggested what if the Kraken repairs took longer than anticipated , eg 1 year more, and AB replied he would be disappointed.. well it's taken about 1.5years to fix Kraken.. albeit I would say it wasn't built right in the first place.. At the time I thought another few months.
So CMD day might be the first stepping stone to a recovery path... but why would an II buy into this without a dividend or capital appreciation... At the 2018 AGM, they said dividends could be available in the medium term.. so it's too early for those, so its capital appreciation which might get emphasised at the CMD via debt reduction and excess to reserves in 2020.. Which begs the question.. why is the SP still struggling ? Ans : because the II don't believe Enquest can do it.
When AB is ready and finally wants our Mcap to move higher I’m sure it will
So after taking the p155 out of me and a few others for moaning about Enquest IR not being loud mouthed you’ve joined the club !
Now your finally feeling a little frustration like the rest of us. Why don’t you email IR and have a moan like I have about it.
Romaron, it’s bit strange in my opinion.
Who finds it hidden under financial calendar?
Why not front page or mention it together with the last report?
No time mention or that it will be weblink.
I am excited about this event that take place every 5 years.
Last Monday I posted that Tullow and Premier were making Trading Statements on Wednesday and Thursday. I get the info from the Monday 'The week ahead' column in The Times. Nothing earth shattering but worth noting imo. Today it writes that Aviva is having a CMD on Wednesday this week. I checked Thursday and there is nothing for us. Now, I doubt our CMD is cancelled but I have written in the past 'build it and they will come'. That doesn't mean you have to whisper it and the odd sign can be helpful. Is this indicative that our IR is slacking or the advisors. Or could it be we have dropped below a market cap that they don't report on? |Are we trying to keep it a secret?
Wednesday: Tullow Oil
Thursday: Premier Oil
Could be something to glean across to EnQuest. If nothing else Pelle will have fun with the ratios.