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HL. State not available for online trading. Thanks very much for the notice
22.4p pre-open?
Hopefully the first of many bullish presentations, we can all listen in as well
Showing £431.25 on Iweb so we all will be rich LOL
There is also a 10p spread with offer at 30p. Would not pay much attention to IG yet. Let the count down begin
what price tssz?
yes its HBR, its showing fine on ADVFN
Can't find it...can anyone advise?
Thanks and GLA.
In short - Good luck everyone.
big drop
Rookie
The creditors have been dumping shares via shorts for the last few weeks. The]is has resulted in shorts increasing to 176 million.
The problem is that there were only 1 billion pmo shares in issue and there are 3 billion creditor shares. Accordingly it was only possible to pre-sell a certain number of shares as you have to borrow them first. Most PI shares cannot be lent so there just was not enough capacity to short more.
This is going to be really interesting and I have set my top up buy at 20p.
All about keeping good press now.
Onwards and upwards
im £1300 a pt lets have a good day for once ha
https://www.youtube.com/watch?v=8D-u4P7-FOA
Initial price estimate I would think, they don’t want to be seen saying 35p and it hovering lower for a while
Cheers happy, I hope you continue ( to be happy ) GL.
23p? An insult
Bladesman
$2.9bn net debt but c.200kboepd production and probably $1bn FCF. They will be in a position to pay a handsome dividend. Totally different scale to PMO alone.
They do have their challenges to address but so too many opportunities. Terrific leverage to oil and gas prices and an upstream pure play unlike the majors, which I own.
I will buy more on any dips.
Best
Happy
The opening price of 23p will last a nano second, so irrelevant esp today when no one knows the trading pattern. Nothing is nailed on
Some initial thoughts;
Free cash flow (FCF) breakeven of $30-35 /boe looks attractive but they do not give an absolute FCF forecast for end-2021 or target for net debt reduction etc. (sorry, I've only skimmed the prospectus a while back!). One can try to extrapolate but I hope they provide more information on the webcast.
They do have declining assets but there is significant optionality in the portfolio. Tolmount, Sea Lion, Zama etc. Also I expect infill drilling of mature assets such as Catcher to give some excellent near-term production opportunities at low capex.
No corporation tax to pay for years. They can finally do what TD tried but could never quite deliver: accelerate use of tax losses.
The group will qualify for the FTSE-100 so we should see plenty of interest from funds including index trackers. I think the shareholding base will change significantly over time.
Best
Happy
Pmo,s core business is managing debt, so all back to square one! Brilliant.
That’s a bad as Pmo debt v production
Morning all. bit disappointed to see LSE havnt had the gumption to rebrand this page to HBR. But this is consistent,ie pmo still lagging behind. Gla today and beyond.
SK. Not as good as 27-28 which is what I was expecting. But marginally better than 22 which I was dreading. We will find out soon enough. GLA