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Fully agree with both Stevo and RG. It will finaly stabilise and start moving forward.
Also look at TLW - whilst so cursed by SK , HBR is gaining, TLW so praised by SK is loosing today instead.
Stevo12's 10.23 post is the nearest to sense on this board for some time. The overhang impact has been a big surprise and the retrace from 33p to 18p unwelcome but a fabulous opportunity for LTH's to average down.
Boring is just what we want and HBR is going to be a grown up company that does not give a running commentary on speculation. These guys believe in optimising profit and thus per the launch presentation want to be 'investment grade' as this will see a company with low cost debt to fund the growth opportunities. Once the market sees proof that this is a low cost, high profits, investment grade offshore play the SP will move accordingly - so boring is good.
600m shares changed hands since 1 April. A good start to clearing the 3 billion creditor shares but still a long way to go.
I still think we will get volatility in the share price as we get to the mid to latter stages of clearing the creditor share overhang. However still looking good for a bright summer. I am planning to exit before first lock ins end on 1 October, but I will then be back in during 2022 as a long term staple of my portfolio. Inflation is coming and investments in commodities provides an excellent hedge.
Really like the alignment of management and shareholder interest at harbour.
sod that why not 22p. that still isn't alot to ask for.
20p today its not alot to ask for is it. can't even do that.
Personally I don't want harbour to be colourful, progressive or fun. I want them to be a disciplined and focussed investor in oil and gas assets, taking advantages of the majors’ current attempt to greenwash their core business. I want them to generate huge amounts of cash for the next 20 years+ and pay me substantial dividends. I don’t want management to try and do things they do not understand or have competency in. I want harbour to be a pure oil and gas play. I can invest in colourful and fun in other areas of my portfolio.
Give me a 10-15% cash return on current share prices from 2022 onwards and the share price will take care of itself. I want boring, repetitive cash flows . Investors will continue to invest in cash generative and high dividend businesses and oil and gas will be needed for the next 30-40 years minimum.
Maybe, consider modern art as an investment SK? That can be fun, progressive AND colourful!
Thank goodness you have exited then SK
Where is your next investment?
Rgds Sft
bag of s**t. should have bought UKOG instead i'd be up 15% by now.
Alleluja Stevo, Alleluja!
Until creditors p*** off from this SP, there will be no stability or steady growth. Keeping this SP at this level is brilliant strategy: getting off creditors with a good chunk of profit whilst regaining the control over the business. If that would be my decision, I would also start buying off shares from the marked and consolidating them at one point
Nice one Stevo. Patience is the key word.
We had a briefing from captain Cook and Captain Kirk 2 weeks ago. Have you watched the webcast? The impact of the creditor share overhang was discussed.
If you were expecting a daily update then I am afraid you are going to be disappointed. However, if there was a daily briefing let me put myself into Captain Cook’s shoes.
“ Dear loyal and discerning shareholders we sold another sh..t load of oil and gas today, none of our rigs have sunk and we have not polluted the the oceans. However those damn creditors keep selling their shares and until they have all p.ssed off our share price will continue to be depressed. By the way, I hold nearly 40m shares and Captain Kirk 260 million so we are as frustrated as you are, but the share price will be fine by the summer, just in time for us to start selling our shares.”
Replay above briefing every day fro next 6 weeks.
(sk) Why so many moaners and groaners on this page- That said the Filters are great too I don't have to read them anymore...Upwards and onwards HBR
SK you make the worst militant.
Nutjob suits you a hell of a lot better!
What do you want: Dancing bears, Clowns and Candy Floss? Like it. The reality is that most of us were a little bit shocked after the merger in that the new S.P. was slaughtered resulting in bigger losses for most including me. Now managed to get losses down to 8% after some trading deals in new Co. Will take a few weeks to get back to 25p level IMO until big sellers have gone but still money to be made in the trading ranges. Prefer this one to Tullow now that debt levels are being addressed.
What do you want: Dancing bears, Clowns and Candy Floss? Not sure what you are expecting. They have only just merged?
Rgds Sft
SK you need PoO and a "few" sales to work for you. At least you kept your BP shares and their dividend.
(-:
Rgds Sft
grz thats the stupidest ****e ive read in such a long time
Well with most of the AIM companies having average 3-5 billion shares and a SP of 0.10, with 18 billion shares the price should be ?
its just tested the 19p again bounced off it.
SK you back in for a few?
my share price streaming (ADVFN) is pants its not showing my buys.
Dear investors, Harbour company is strong. It only needs market confidence, oil & market stability. It will suddenly shoot up which will be unbelievable. It could be through any +ive rns or any buying trend or any other positive activity of harbour.........happy days not far......