The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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You could equally say the 10k buyer has returned. All this stock is being absorbed at the current bottom by someone. For every seller, there's a buyer.
Where do you see the bit about windfarms off Jersey/ France?
They built a team to extract oil from late life oil assets in the North Sea, and are now looking to get involved with windfarms off the coast of France/Jersey, do they have the expertise for this? and how much will it cost? It also says to me they're probably not looking to sell the business post FEED which despite all the confirmations everything is on track, albeit with no new information, with what to me is an indication they're not looking to sell I read it as a dissapointing update.
Thats probably Nick Robinson selling out.
Thought the annual results might steady the ship, apparently not, our 10k seller has returned.
It's quiet incredible that they pull out this sort of nonsense to be honest. Just focus on the job at hand - the lack of any timescales or ambition in today's RNS is the biggest dampener of sentiment.
"Throughout JOG's history, a key part of our strategy has been to identify and evaluate low cost, early-stage entry points into energy investment opportunities with the objective of adding value through maturation. Through our work on the Buchan redevelopment project we have forged important relationships with major players in offshore wind development. As a result, working alongside these sector experts, we are evaluating the Jersey Government's potential interest in creating a utility scale wind farm in the Channel Islands"
Not for me, thanks.
Running cost in excess of £ 3 million.
I was okay with continuing the Management Payroll for most part of 2024 if they were working on the FDP towards a sale.
If it's to investigate putting windmills up in Jersey then I'm not in favour and will be voting against any Management bonus'/ pay rises.
ZEUS sticking with a total risked NAV of 616P
Todays JOG RNS seems positive, here's a sample
"Our industry as a whole is engaging with the major political parties and other key stakeholders in more detail than ever before, with a clear narrative on the benefits of backing low carbon, homegrown energy resources. We continue to monitor the political landscape closely and we believe that there is a path forward to unlock the considerable benefits that the GBA project can deliver for the UK economy. "
I know its a bit early but take your lunch break now please - we've got two big lorry loads of stuff coming in at 11.15 and need you available.
The report James Murray asked for will be out soon. I have an email alert for it on gov website.
The moral, or practical argument will not make it into the brains of politicians. The fiscal one will (remember Liz Truss?). Labour is already leaking the fact they know they must rescind EPL or kill North Sea (see Hansard).
We're going to make it, but could be a scary journey until Lab clarifies tax policy. EPL removed 2027 is err.... very good for us.
This seems like a message to the politicians as much as shareholders. If only we could rely on them listening. I fear the benefits of homegrown energy as AB put’s it are too nuanced for them to change direction.
........."Why don’t you ask the company?".............
.........why don't you? Then you'll be able to tell us.......
I don't have much free time during working hours - shelf stacking at my local Morrisons takes up most of my waking hours
:-)
Re- DU - Ithaca and ENI
Last months IC carried article saying : -
" Despite regulatory uncertainty due to this years election and the energy profits levy extension , ITHACA and ENI are exploring a deal that would see the Italian energy giant swap its North Sea assets for a 39% stake in ITHACA.
This would further increase ITHACA'S EXPOSURE to North Sea at a time when others are looking elsewhere for growth "
So if ITHACA are positive on NS , they might fancy a tie up if NEO and SERICA dont come up with the investment.
Could be 2)
Maybe a state-controlled entity (as per those mentioned by Dick and why not Equinor (again, now it’s been technically derisked)) will take on the entire GBA.
Good idea. I hadn’t been thinking along those lines.🧐
Why don’t you ask the company? What are their tasks these days?
Einstein being Einstein might know the answer.
Sorry - forgot "below"............I meant companies like Ithaca, materially owned by Delek, which happens to be the biggest forecourt operator in Israel.
Can't see why Israel would be worried about certainty of supply - it's not as if anything untoward is happening there.............
ENI is another. China and S Korea might also be keeping their eye on what's happening in the North Sea and how much oil reserves are changing hands at. They'll be thinking long term..........
There's hope for us yet
.............is the whole Board still in place in what is now an oil junior with one asset - a working interest in a single field (effectively), albeit as decent-sized one.
I see two possibilities:
1) They're helping themselves to our money or
2) their skills and experience will be needed in closing a deal to sell JOG to a buyer who's less interested in tax than certainty of oil supply for countries whose leaders (politicians) put the interests of their country (or their owners - see below) before their own (votes for stealing our money to give to the feckless and idle to spend on things that make them belch and f.art). Ok not all of them - some spend it on holidays and going down the Bingo.
I'm hoping it's 2)
I would do.
Always follow the money, so don't hold your breath.
Labour will just put the wf tax rate up to 600% and disallow a few more expenses..............
Easy..........
Orange is the new black. $140 is the new $70. Simply put. Oil cos pray price either below $70 or above $140. Never in between. Great weekend!
Aminex
Take a look at Amine AEX. Also doing well
I’m sure most will know Final Results 23 are due shortly. Last years were published 24th May 2023.
Benitz will have to make some comment on the current state of play.
Still way off nr 200p eco got to though, however they still also have an oil discovery in their portfolio and v low cap considering! going to be some BIG farmouts there soon imo
There is probably no better risk vs reward oil exploration company than ECO right now with plays in Namibia & South Africa. SP up 55% in last month & still ridiculously underpriced. Check it out & get in now. SP rising daily.