Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Deltic update today….
This in an update from Deltic today re UKCS (I don’t hold).
It shows why even Nigeria is so much more appealing fiscally and regulatory!
Meanwhile the UK will pay more for imported energy including transition fuels like gas from Russia and support that with coal and further US/Qatar HC imports as its ‘greener’ than using UKCS and in parallel generating an internal transition economy with uk jobs and paying uk taxes.
Oh I have zero political allegiances they are all imo useless!!
“ The feedback from Deltic's Pensacola farm-out process has indicated that the continual tinkering with the Energy Profits Levy and resultant fiscal uncertainty created by the current government, along with recent rhetoric emanating from the Labour Party, have had a severely negative effect on the ability of UK Exploration and Production (E&P) companies to commit to long term investments in the North Sea. This has resulted in many operators diverting capital away from the UKCS or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola.
Against this hostile political environment, and despite the Company's best efforts, Deltic have not yet been able to secure a farm-out partner for Pensacola and although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024. We remain of the view that Pensacola represents an excellent value-driven opportunity for the right partner and would be willing to engage with any additional potential partners.”
Trek
FTSE100 UP 0.15%
https://www.ig.com/uk/indices/markets-indices/ftse-100
https://www.baha.com/Europe-mostly-lower-in-premarket-amid-earnings-data/news/details/61952494?internal=1
A better article from the BBC. About time these state back companies were held to account and the corrupt indigenous governments that support them called out!
https://www.bbc.co.uk/news/world-68896707
Trek
Nomlungu yes nice cheese 🧀
Our favourite Swedish cheese, Västerbotten, is known as the King of Cheese – because it’s utterly delicious.
It was created in 1872 by mistake when dairymaid Ulrika Eleonora Lindström was wooed by the milkman and accidentally left the cheese at the Burträsk Dairy to spoil while she went out for, erm, cuddles. They shelved the spoiled cheese anyway and tasted it over a year later, realising the mistake had resulted in an amazing discovery. The dairy has tried to make Västerbotten in other locations, but no matter what they try to do, it never tastes the same as when it’s made in the town of Burträsk.
We’ve been stocking Västerbotten cheese at ScandiKitchen since the day we opened, so we like to think of ourselves as small time Västerbotten pioneers in the UK! Perhaps this is why the makers asked me to give some classes on how to use Västerbotten in everyday cooking.
Here are some of the recipes I created. I highly recommend you make Västerbotten crème – it may seem the most simple of the lot, but it’s worth it.
Västerbotten is on sale online, and also in smaller packs at Ocado and in selected Waitrose stores. And if you haven’t got time to make any of these recipes, then a bit of grated Västerbotten in some mash tastes amazing.
Västerbotten... lovely cheese; a bit dear but worth the extra few quid. It seems to have got a lot more expensive thanks to Brexit.
Https://www.nytimes.com/2023/12/08/world/europe/stinkiest-cheese-minger-scotland.html
Anglo shareholders will be hoping for a counter-offer from other bidders — Rio Tinto or Glencore are thought most likely — or a revised offer from BHP. An offer which excludes the unbundling of Kumba and Amplats would be more attractive, and the recent recovery of the shares of the two unloved assets suggests the market is expecting such a move.
Glencore may be more comfortable with SA risk, given it has coal, vanadium and chrome interests in the country. Rio Tinto’s interests are narrower in the form of Richards Bay Minerals, from which it bought out BHP in 2012.
BHP will of course have thought through the game theory and will have a revised offer plan, though the jettisoning of the two SA subsidiaries seems non-negotiable. There is also real risk that none of that happens, and Anglo’s go-alone strategy continues, with its share price succumbing to gravity.
https://www.businesslive.co.za/bd/opinion/columnists/2024-04-29-stuart-theobald-what-happens-next-in-the-anglo-bhp-bid-could-be-high-drama/
Https://www.axios.com/2024/04/29/private-equity-deals-defy-interest-rates
Anglo American up after report BHP considering better offer
USA BANK COLLAPSES
https://www.youtube.com/watch?v=NUjyAtygl_U
Data from Calastone shows monthly outflows from UK-focused equity funds hit their highest in more than a year in March, the 34th consecutive month of net selling by investors.
The UK left the EU on 31 January 2020 at 11.00 pm
‼️38 MONTHS AGO‼️
Troajan yes PE is a real worry 2.
The trend for taking listed companies private has been rising year on year in the us.
https://insight.factset.com/a-decade-of-growth-for-u.s.-private-equity
Evi
the takeover process,seems to be in steroid overdrive atm.
i guess,being too cheap,is the culprit
PE' ratios,are half,of what they are,over the pond
Troajan the us investment funds talking everything they can grap atm delisting to take it private the trend has been going on for a decade or more. Arm was softbank biggest scoop
Evi....cheers,no doubt,it'll be sold to the yanks,next week.loll
LDG The Company had acquired approximately 10.3% of the share capital of Alliance Pharma Plc (AIM: APH LN) ("Alliance") for a consideration of £33.4m. The number of Alliance shares held by the Company was 55,593,562. Alliance is an international healthcare group founded in 1996 and headquartered in the United Kingdom. The company acquires, markets and distributes consumer healthcare and prescription medicine products. The Company elected to receive the Alliance final dividend in shares to bring the holding at the financial year end, including trades during the period, to 56,758,071 Alliance shares or 10.51% of the issued share capital.
Evi
dunno,so are they associated with the aviation sector then.
Tro i for šime aph boeing the owner of ldg shares 10pc holding.
APH....and about £400k+ just in,30 mins at the end of the day
Lvcg
0.50 looks to be the bottom..near az dammit
https://www.lse.co.uk/SharePrice.html?shareprice=LVCG&share=Live-Company