Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video 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.
This communist tax is a shame on our shambles of a government and demonstrates they dont care at all about capitalism. The sooner out the better...in the meantime HBR just need to not show huge profits and use them to pay down there debt faster and increase capex spend in the UK. Just bring these thing forward. The capital spend anyway is 1.3 billion this year in the UK alone..
Thanks Kign for the numbers.
Barclays,SSE and others are paying only 20% of their profits as tax whereas oils are paying 65%!
It is utter ridiculous. Can someone send this info to SKY News and ask Sunak to explain this injustice on TV?
Well, HBR should follow in ENQ's foodsteps: https://archive.ph/fHgKs
*Data from https://www.hl.co.uk/shares/shares-search-results/h/harbour-energy-plc-ord-gbp0.00002
*Revenue, profit before tax, tax paid calculated from "profit before tax - profit after tax from continuing operations", % calculated from tax paid/profit before tax:
HBR 2021 revenue: 3.48B, profit before tax: 314.5M, Tax paid: 213.4M (67.9%)
BP 2021 revenue: 157.739B, profit before tax: 15.227B, Tax paid: 6.74B (44.3%)
Legal & General 2021 revenue: 10.375B, profit before tax: 2.632B, tax paid: 0.589B (22.4%)
Barclays 2021 revenue: 21.94B, profit before tax: 8.414B, tax paid: 1.188B (14.1%)
SSE 2021 revenue 8.61B, profit before tax: 3.48B, tax paid: 0.88B (25.4%)
Amazon 2021 revenue: 469.822B, profit before tax 38.155B, tax paid: 4.791B (12.6%)
Google 2021 revenue: 257.637B, profit before tax: 90.734B, tax paid: 14.701B (16.2%)
Priceless
Oil set to surge this summer 10 thumbs up
Sp tanks because of..........
Now what do you think the next step will be if oil hits 150 200 mark
DB dont normally agree with you but lemmings couldnt be more accurate.
This just takes stupidity to a different level ;-).
agreed. to comment on the windfall tax once more... the good thing is that 1st: the tax is now priced in. 2nd there should be some fiscal stability now until the end of 2025.
—————————-
At the other end of the spectrum, Harbour Energy and Aim-listed Deltic (LSE: DELT) (not in the table above) are expected to escape rather lightly as both have plans to make large investments in the next few years. Later this year Deltic will start drilling with its partner Shell on the Pensacola North Sea prospect, a major potential natural gas resource.
Tax news was announced yesterday and we were down by 5% if I remember correctly and I thought that is the end of sell on the news and I held onto my losses. Could have minimized the losses by selling yesterday. If I top up another £10k now then my avg comes down to £4.20, I think. Not sure if I should act quickly before the bloody shorts take this further down?
I think Telegraph got their £800M wrong and that spooked many ?
This year’s energy profit is almost wiped out .
Not a windfall tax. Special windfall operation. That bunch in Downing Street need to go. Need a party refresh.
Brutal day, lost too much money , hopefully it will recover last week .
Well if your new to Harbour Energy it was a fantastic day. If your a long termer you've definatley had better days.
Not so sure it was all to do with the new tax as the amounts don't stack up to the SP drop but it certainly spooked a lot of people. And once the ball was rolling........
The thing is with Harbour Energy they do have a lot of guns sand if facing them to the North Sea isn't the way to look they have other options.
Worth remembering they asre producing over 200k BOPD and whilst this is very very unwelcome they will have the very best CFO in the business looking at how to get the best in terms of returns minimizing tax etc etc.
They just need to go back to their plans and see what works best for them.....
Onward and upwards to next week and hopefully a bit more stability....
There were a few who took delight in the pain of others today....I hope Life brings you everything you deserve.....
NSS