The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Remember Noble acquired 8%, half of the 16% EIG gave away recently. It all depends on how liquid Noble are and what pressure they are under from their lenders :( Maybe the buy back will soak this up.
Noble restructured:
? Group cash balances of US$366 million and net debt of US$1,262 million as at 31 December 2021.
Loss making in 2021, relying on Harbour shares to generate cash.
'if there are no big dumps, there is/will be a shortage of shares (buyback and retention) therefore they have to create liquidity so expect some volatility on the journey upwards....'
Called it this morning. Still dumping going on from the newly acquired shareholders, probably Noble who are trying stay afloat:
? Noble Trading Co signed a binding Lock-Up Agreement with an Ad Hoc group of noteholders to support the deleveraging and reorganization(1) of Noble Holdings which is expected to complete by no later than 31 March 2022.
? Increase and extension of Trading Co Group’s Trade Finance Facility (“TFF”) from December 2021 until June 2023 and increased the size of the TFF from US$350 million to US$450 million to support its on-going trading operations.
? TerraCom and Noble Holdings have signed definitive agreements to restructure the terms of the Euroclear bond issued by TerraCom Bond maturity has been extended to 31 December 2022. The outstanding balance at 31 December 2021 was US$44 million and is expected to be fully repaid by end of 2022.
This explains some of the dumps!
We do reap what we sow. I hope that applies to the FCA and Britain as a whole. It is what it is. You said it then let it be as you have said in full measure. My prayer in Jesus name.
Here's the chartist...
All in my opinion. We close above short term resistance 385ish as of yesterday on the day candles.
In theory next resistance is above 500p.
Thing is HBR is very much affected by POO more than gas price, still imo...
Hence recent pull back together with POO volatility.
On balance leading to results there will be some upward momentum together with shares buy backs, but on result day it will all depend on what the management will say, more than financials and profit, which have been already anticipated from recent market update.
On one side we have POO under pressure (Iran nuclear deal, slowing economies and rate rise) also on techs POO seems to be looking for $80.
On the other hand we have result expectations, share buy back and potential news flow about Tax Levy been nullified by capex, including Liz Truss potentially becoming PM.
I have reduced on HBR and move cash into SQZ....should have done that much earlier.
I still think HBR have upward potential but past result day is 50/50 for a pull back. Long term into 2023 definitely making new high though...
Thanks, that is my prayer. I do hope the cheats reap what they deserve. In double portion.
nice...I think I'm only betting half a house :)
Not for me. I believe in taking risk. BP is excellent value too and has out performed Harbour in the last three months or so. But BP cannot double in a year whereas Harbour could. There are actually riskier options such as enquest which has huge debts relative to its size.
Sekforde, not trying to interfere, but would it not be wiser to spread your risk within the Oil and Energy sector, maybe some also in large oilies BP and SHEL on LSE and Chevron, etc.. in US markets, etc.., rather than all in HBR ? I've 18.5% portfolio in Oil incl 3.5% in HBR to give you my perspective. I believe in HBR especially next six months when EU stops buying Russian oil, Winter has set in, Truss as PM not changing WT, etc...
It would not affect my life. I am philosophical about risk and reward. I do not let losing money get me down. For many people it causes so much anguish I tell them not to do it at all. I am also aware of the fact that there is so much hope and expectation on these results that anything a tad short can cause mayhem.
Sekforde, Goldman Sachs have heard of HBR, they've given us a 609p price target !!
Not sure I agree with the scams bit Sekforde, especially after £2.98 and the news of all the cloak and daggers at exactly the same time.
You mention about it all being given to you but what affect would it really have on you and yourv life if you lost it all.
Not saying for 1 second you will as Im deep in Harbour (not your deep).
I was also in GKP from 70p to £4.20 and waiting for Exxon to buy us for £20 per share....And the rest is history....
Good Luck Mucker.....
Not sure I agree with the scams bit Sekforde, especially after £2.98 and the news of all the cloak and daggers at exactly the same time.
You mention about it all being given to you but what affect would it really have on you and yourv life if you lost it all.
Not saying for 1 second you will as Im deep in Harbour (not your deep).
I was also in GKP
Thotl, remember that the wheel always turns, we reap what we sow !! If Linda has done been a naughty girl let the future deal with her appropriately !! I'm more focused on HBR breaking through the 400p barrier, has bounced off it twice recently. What's so significant about 400p, any chartists out there ?
Who knows of can prove what goes on behind closed doors. I also believe that the 1 for 20 was a scam against PMO. Others have different interpretations. L Cooks cooking the books to Hubbie with shares at their lowest price too me was a scam. I cannot work out the reasoning but it stinks.
I really do not believe there have been any scams or market manipulation. I think there have been some forced sellers or bored sellers and not enough coverage of what is a fairly small company. Few people I speak to about investments have ever heard of Harbour. They will one day.
Hopefully the pattern within share has been broken. When you think it's going up it goes down. Surely there can be no more scams.
I look at it this way. The house I sold was yielding 5% gross on its value. It involved hassle. Dealing with tenants gas safety epc certificates etc. I never paid for it in the first place. It was given to me by my ever indulgent grandmother who loves bridge mathematics odds gambling etc. Looking at some of the good posts on Tolmount I am thinking the free cash flow could be way more than $1.7bn for 2022 which was the year of bad hedging. I am gambling with money that I do not deserve and I have never done anything for and that somehow makes it easier to be bolder especially when I see a 30% true yield on the horizon. I convince myself that I am honouring my grandmother by ruthlessly applying logic and mathematics. And to do it by gearing up with IG is too hard to resist when the fundamentals are so sound. But the 25th better not disappoint in any shape or form. Linda you have been warned.
Wow thats balls deep, thought I was bad at £250 a point
Sounds completely bonkers but i wish you the very very best.
I guess if your playing with the money you can afford it and have weighed up the risks.
I've got just over 43,000 shares and when it hit £2.98 I was really humpy. I think mainly due to knowing it wasnt' natural trading and wondering if when iot would behave normally. Average of £4.28 as a bought a load well over £5.00.
Onwards and upwards. Hopefully another few blue days as we March to results day.....
There are many REASONS TO BE CHEERFUL.....
NSS
On spread betting. It is the answer. 3000 a point is the equivalent of £1.2M at £4 a share. But you only need stake £300K. No tax payable on winnings and dividends credited gross to your account. I did sell a house and transferred it over. If Harbour goes to £5 the profit would be £270,000. if it falls to £3 the loss would be £330,000 if you close your position. You pay interest on £1.2M at about 3 %. Did have a good run on BP so the loss on Harbour now is not too bad.
I have brought down my average to 410. So still losing. But far better than a month ago. I was boasting to the world about how clever I was with those 500 plus punts. Horrible when Harbour touched 298. If only we could be sure about anything. But now all in on Harbour. No other positions.