Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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So 60p target hit ;o]
Decent trade if taken ;o]
BN.c
" Poker, when the debt comes due the banks will decide if they want to roll it over or not. If they think TLW is a high risk they will not roll-over. "
Calamari,
Maybe so.....but you said that the debt had to be paid back....not normally true...and...what do you think the company might do to maybe, just maybe move themselves away from being "high risk" ? ...sell an asset before the lenders have to make their decision?
"Poker, Tullow has to repay all that debt over the next 5 years. "
Calamari,
No they dont....name me a lender that wants all their loans paid off ? ...They wouldnt be in business.
The lenders dont want the loans paid off...they want them re-negotiated for the next period ....so that they can carry on earning interest payments on them.
60p is fair until carapa or kenya news. 40p yesterday was overkill.
These de-rampers are getting desperate. Burn shorters , burn...
pokerchips is normally on the money
“ Tullow would have to repay £300m worth of debt in 2021.
Tullow itself was stressing today that it has liquidity in excess of $1bn and no near-term debt maturities”
So no debt payment to be made before 2021 and with £1bn liquidity no fear of placing."
"Poker - the debt is the debt, they owe it and it's an obscene amount. "
Nickel
As i say..you havent looked at VOD,GLAXO,SHELL,BT etc etc.....then you can get into the territory of "obscene " amounts
Good god man....at the end of 2018 tullow had retained earnings of $650m and cash and ce of about $250m
Of course there are risks....but ...sell an asset and sort out the engineering issues in Ghana and things look better
You are seriously trying to make a crisis out of a drama
Poker - the debt is the debt, they owe it and it's an obscene amount. Let's assume they hit that free cash number for two years running... that's $300m and that's all used to reduce the debt number to $2.5bn. The key in between all this is the not just the mammoth risk that kicks in as a result of further production declines or a softening oil market but there's no scope to pass anything back to shareholders. That's why the dividend has been scrapped !
"Free cash in 2020 of $150m vs debt of $2.8bn. Do the maths... how many years will that take to pay back? "
Nickel,
Get a grip....you arent aiming to pay it all back...dont be daft..
Look at the debt of Vodafone, BT, Glaxo....HUGE ....are you seriously suggesting they are going to pay all that back....dont be daft.....no.... the world needs a debt market, and the world needs assets ...
Next year...they may well not pay any further debt off......but...they have enough retained earnings to pay their net interest for 2 years , so they arent going to go under....and in the mean time they have assets on the balance sheet awaiting sale
The rise will get sold into.
This got priced in yesterday remember?
debt circa 20x predicted 2020 free cash flow after capex. Can see this tanking again
$900 million coming end of Jan see the deal play. Jb
basically as long as the debt is being serviced the banks aint gonna cut their noses off to spite their face .
They are not that daft ,actually good business for them. Got a couple of years before any financial pressure so a lot can change in two years .
Yes - tiny amounts.
Free cash in 2020 of $150m vs debt of $2.8bn. Do the maths... how many years will that take to pay back? And that's assuming $60 oil for all those years and no declines in production which we know won't be the case. TLW is in major trouble whichever way you want to cut it
Thanks...I’ll take a novices view....I don’t think so, I’m buying in as many will do this morning!
fwiw
https://twitter.com/WavePattTraders/status/1203992797726101506/photo/1
if it helps
r's
BN.c
....wondering what other mismanagement is to be announced?
Looks like $900 million coming in Jan through the deal alone? JB
Tiny amounts;-))
The issue is the tiny amounts of free cash now being generated relative to the obscene debt load. If oil starts tumbling again or production fades quicker , TLW and it’s shareholders have had it. It’s as simple as that and the bearish narrative isn’t going to change now because of the numbers
Think a few on here need to wake -The banks or debt providers wont call there money in as they getting serviced and if they did foreclose the debt providers would lose out big time . So tlw is not going bust while it is paying its bills and that would be last resort .
Matt Wales. Stop spouting nonsense. It’s the same debt they had last week. The share price is irrelevant. Does the bank come and ask for your house back if you lose your job and have no money. Of course not. It’s only interested when you can’t pay the mortgage monthly payment. The nonsense here is staggering. It has debt. It earns money. It pays debt. That’s what businesses do. End of
mornin anon3
maybe yesterday's 38p would be a starter for ten for a small bounce to poss 50-60p at best [short term].........?
r's
BN.c