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My head in the sand-ish view this morning is that I didn't bother reading the RNS only the naturally crappy sp. A high Olivia price and all those bbls being produced and sold were wasted on me- the sp is still as flaccid and limp as my men's clinic expectations.
Jack-up rig- jack-sh*t. Time for Rola Cola as the Asti Spumante, as of yet , ain't happenin. GLA
again SK, your message has been filtered out.
I do this because you add no value to a discussion.
Nothing wrong with disagreeing with another person on here but brutally honest, you add no value.
I understand what you're saying jw61.... I really do but the facts are still the facts and we see this in the share price.
The share price has trended sideways for the last 2 months, even though oil has gone through the roof.
The debt is ok for the size of this company. Share consolidation is ok though it raises a flag for me.
The 2 things that will put this stock on the map; dividends and an M&A.
the M&A probably wont happen with most oil companies making money hand over fist.
I taper my position down till there is a dividend announcement, but I already bought when this stock dropped to 17p but Im no mug, why would a firm put its money in HBR when all other oil companies have been making it rain, no overhang and a dividend to compensate you for the risk you take.
I only read the Rns and didn’t see the accompanying presentation, but on reading it I feel more positive especially the divi near term comment.
correction - page 17
Divi is also mentioned on pages14 and 21
On page 21 its headed "2021 priority" so I would interpret that as some time this year.
The lock up doesn't end until 30 Sep.
Even so I believe there's a big difference between wanted shares and unwanted shares. One would expect most (but obviously not all) EIG and Chrysaor investors to want to stay in (since they approved the deal. I expect tghey will want a return on investment as well. Unlike the PMO creditors who sold unwanted shares to get their cash back as soon as the merger happened .
Still 1 Billion of those unwanted shares to go, but after that the full share allocation will be no different from any other listed company with a full float.
Sorry Saur K, I cant see your message.
Im assuming youre on the thread running your mouth about something
For me this is an issue of timeline.
You have to keep investors invested.
If you dont then the price will drop. Instead of premier investors getting 30p they will get 20p after a huge price drop.
The dividend is really to keep investors sweet.
Also investments are relative. Would I invest in HBR at 10p, heck yea, at 20.... maybe. at 25p with a huge overhang, probably not, at 25p with a dividend, I could be swayed.
Ask yourself why institutions havent invested, I say that without a near dividend pretty soon, theres a huge down draft after the lockup period comes. So why buy at 20p when you can buy at 15p.
Are you ok Soder?
You seem upset.
I think do want the company to commit to a dividend. We have been talking dividend for a while now.
The point of the dividend and the wait is important for me, and I'll explain sweet cheeks.
The Divi should be done at the latest, by end July.
when the lockup is done, new shares come online, by virtue of more shares being available the price can be depressed and vol increased.
We have already seen this with shares coming online.
The dividend brings in investors to mitigate price loss and reduce vol.
Soder, I believe u are correct and would expect a first half statement in August.
What a dip ****. The mention of dividends is in the presentation that came alongside the rns. You saw that right?
But….you do realise these aren’t earnings right? It’s a trading update around the AGM. Name me one company in the history of time that has announced a divi at the agm? I’ll wait.
Well you have a point... kinda.
We only had about 23% of shares tradable by investors.
Now we will have about another third tradable in 3 months and then the floodgates would be open for the rest in 9 months.
My point is, theres a lot of shares coming online and we saw shares dumped on the market and lowering the sp to 17p
From the presentation "Expectation of a dividend near-term" slide 2
Why when oil is going through the roof….private equity company have themselves a future cash cow with a very different outlook than 2020.
In my opinion, this is really I think this is really a vehicle for EIG and the other investors to get out.
We were expecting a dividend but I think this will only come after the lockup period.
good point..... I will have to take some money off the table.
This company is starting to look messy.
This is my first .... and last post on this board.... for the foreseeable future at least.
Just sold my small holding in this share, and made a very small profit.
Reason:
- this morning's RNS made no mention of dividends despite when the merger occurred they intimated that dividends would be on the cards, this is now unlikely to happen until the next annual results at the earliest.
- with the consolidation on the cards, I'm not going through that again. Have been through it with two other companies and have only seen the share price tank on both occasions after consolidation, my fear is the same will happen to this share and I'm not prepared to go through it again.
So goodbye HBR, a short acquaintance with you, I'm sticking my money where I am assured of dividends and where the share price will hold up.
Good luck to everyone with this share, I hope I'm wrong about the post consolidation price, but recent other experiences tell me I am unlikely to be.
DYOR!