The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Mike!! Great to hear your in infa! I tweeted you about it when u asked for your share pick for 2019 :D
bigmj, your 8.3m should about see the end of the .6p warrants. also there is no immediate hurry to sell the .48p warrants. A couple of years left , I think. Right spud?
Come back ( if only for balance
Good Boy !! And may I say on behalf of all the LTH's here,a good call and decent of you to post the information .OK we could do with some dosh but the current expenditure is covered and the future is indeed rosy ..even more so if Mr Mcadder's weather forecast is accurate !!
Hi Guys, I can tell you I hold 8.3m of the outstanding.6 warrants and an even greater number of the .48 warrants , not planning on selling anytime soon , the future looks very interesting here
Still moving in the right direction on few trades
https://www.bloomberg.com/news/articles/2019-01-08/-beast-from-the-east-chill-may-boost-energy-demand-in-europe
The same weather pattern that caused a Siberian blast of cold air dubbed the “beast-from-the-east” could re-emerge in Europe at the end of this month, boosting demand for energy.
A sudden stratospheric warming appeared at the start of January, which usually results in a rush of cold air eastward a few weeks later. A similar system blasted the European Union with its biggest chill since 2010 in early 2018, tripling the spot natural gas over the course of a week, sending electricity higher.
Warrants excerised, opportunitys taken, follow through about to materialse. Long term partners amalgamated Trust in JWs SS INFA. imho. :-)
https://timera-energy.com/5-energy-market-surprises-for-2019
Gas storage closures
A number of higher cost, less flexible European storage assets are in trouble. The funeral bells have been ringing for five years. Owners have been holding on in the hope of a market recovery, deferring maintenance and investment decisions in an attempt to keep carrying costs to a minimum. 2019 may be the year that a significant volume of storage capacity is finally pulled off line.
TTF seasonal price spreads have remained stubbornly stuck between 1-2 €/MWh for most of the last five years, barely covering the variable costs of cycling seasonal storage. Many asset owners have managed to hang on due to a combination of:
Long term contracts at more favourable terms (many of which are now expiring)
Hopes of a market recovery
Hopes of regulatory reform to support storage (e.g. changes to system charges).
1 - any further closures of storage facilities will play into our hands and imo will effectively guarantee Islandmagee becoming one big energy hub ideally placed to provide available storage of gas to the UK and Europe especially with the proposed twinning of pipeline and over 1.5 bcm of potential storage.
2 - Islandmagee is to become an efficient modern fast response facility which imo will help secure it's future as other older less efficient facilities close down. Plus the reduced Capex costs put us in a strong position.
3 - As mentioned at the recent investor presentation meeting in London the economics of the facility are to be based on not annual price fluctuations but daily price fluctuations. No wonder gas traders would love to trade gas from us!
Bring on the project equity funding......
From RNS
"Market participants, i.e. producers, traders, network operators and consumers, are all now willing to pay for gas storage at rates that make these projects commercially viable"
Looking forward to hearing who our off takers will be, no wonder we are looking at the extra caverns
Makes no difference what they were as they were all soaked up in a good volume day, be they buys or sells. Cracking consolidating day imo, and the sp rallied and held, good sign for the upcoming days and weeks, with no negative news on the horizon this I believe will start heading back up.
Now where is that financing news? Early 2019? Could be anytime?
Mr T
Complacency about domestic gas supply ‘simply wrong’
Written by Corin Taylor, Director at UK Onshore Oil and Gas - 07/01/2019
This cold New Year’s week brought news that LNG imports to the UK in December were at their highest level in more than three years, with more LNG arriving in the fourth quarter of last year than in the rest of the year combined.
This cold New Year’s week brought news that LNG imports to the UK in December were at their highest level in more than three years, with more LNG arriving in the fourth quarter of last year than in the rest of the year combined.
So it was surprising to read a piece by Fitch Solutions on Thursday, which claimed that there is less urgency to develop a new domestic source of gas. For this complacency is quite simply wrong, on numerous counts.
First, the UK will continue to become more dependent on imported gas to meet demand, at the same time as emissions continue to fall. Even with the short term increase in North Sea output, all forecasts envisage a substantial fall in offshore production, and consequently a major increase in the UK’s import dependency – up from around 50% today to over 70% by the early 2030s.
Second, whatever the Brexit outcome, we cannot continue to rely on our European neighbours for our gas supply to the same extent. The Netherlands is already a net gas importer, and production at the Groningen field will fall to under 5 billion cubic metres by 2023. At the same time, Norwegian production is forecast to fall by 25% by 2030, with increasing competition from the continent for the remaining Norwegian gas – a new pipeline to transport gas from Norway through Denmark to Poland is set to open in 2022.
Third, without new domestic supplies, meeting gas demand could lead to higher prices for households and businesses. The Government’s recent security of supply assessment made clear that gas demand could only be met “if GB consumers are willing to pay for it”. And even then, larger consumers may be asked to reduce demand. During the Beast from the East last March, National Grid issued a gas deficit warning, same-day prices rose seven-fold, and INEOS agreed to reduce gas consumption at its Runcorn plant by 20%. This hardly inspires confidence that the UK gas market will always remain “fundamentally well supplied”.
You can work it out by looking back at the buys and sells when the trade is time stamped.
The 20k one is a buy, there is also a 5 mill delayed showing on nex looks like another buy to me to go with the other 5mill!!
Circa 90 mill volume today! A lot of selling (warrants) but also a lot of accumulating going on
Fantastic! !!
Sorry £100K
I pressed 'show more deals; and it doubled them up ! LOL
Still loads though!
£200K of late sales ???!!!!
WTF ! are they all sells as marked?
they will be presold so at a guess the warrants from today will have a conversion notice on Wed or Thurs of this week
You're a wise bird, Loosegoose, I shall endeavour to be calmer thinking of your words. Sooner or later this project will be understood by many more than at present. Holding for the long term.
Warrants got ate the shit out of
Nice to be back. Just follow the longer term trend and normally more money is made than trying to sell at peaks and buy into dips. As good as the trading "feels", more often than not less money is made than just sitting and watching. Many of us are in for the long haul with decent holdings - the long term story and potential is yet to be understood by many. The daily or intra-day ups and downs are very irrelevant for me.
Streuth what a day. Very pleased to have held on. The detailed RNS today gives clarity and reassurance, great stuff. What a massive project this is.
Nice for those that managed to buy this morning... I tried but no luck until 1.14 which in hindsight was still a cheap topup. Didn't take it though... gl
You could see it coming Spud!
Been building a stake here for a while and added more this morning before the rise.
That's some turnaround!!
Elevator going up!