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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Whats me wonder does ANGUS not qualify for investment by some insto’s because of this ESG rubbish…..
But wtfdik
Angus recently told us that when gas prices are 124p they make £2.5 million per month from gas sales (see https://polaris.brighterir.com/public/angus_energy/news/rns/story/xel8qzr ).
Over the next six months, using the prices available at https://www.ice.com/products/910/UK-NBP-Natural-Gas-Futures/data?marketId=5419492&span=2 , the gas price now averages 133.7p per month (lower in July, higher in December). Therefore at the moment, it looks as though Angus is going, on average, to receive more than £2.5 million per month over the next six months. With low running costs (between £2.5 million and £3.5 million per year according the valuation reports), that’s a lot of profit and cash.
Sageman,anything you say dear pmsl!
Live mid price just broke 1.006
And Angus shares price does what with gas up 80+ %??
Thats mad AB76!
Makes me ponder, does a stock with a large PI base, always gets no reaction to fundamental news.
In a few stocks with large PI base and same situation.
Goes to show how irrational the market can be.
Showing 99p :-))))))))))
https://tradingeconomics.com/commodity/uk-natural-gas
I get live prices for July UK Gas on my free IG spread bet account, but I use Barchart for overall info, as it shows all months and you can even look back at closed futures from previous month/years.
https://www.barchart.com/futures/quotes/NFN23/overview
99.9p now. Angus were trading at 1.8p when gas prices were last this high (back in April) and there was no sidetrack production.
Thanks ocelot. Now that you’ve pointed it out, I can see that ICE’s prices are more up-to-date than the BBCs (which at the moment is a shame as the BBC is showing 96p and ICE 94.4p).
Whoops! ICE times ARE GMT, they say so.
Think ICE times are GMT (but haven't checked). If GMT, then the delay is about 10 minutes.
ICE provide more detail (primarily by attaching a particular month to the prices), but their prices appear to be delayed by an hour. The BBC https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas only delays prices by 15 minutes, but doesn’t make clear that the price it’s quoting is for July. Does anyone know what market price Angus receives for gas sold today (I appreciate that it doesn’t matter for the half of production that’s hedged)? Is that price published? Is it increasing (obviously it will in July, but it would be nice if we’re benefiting this week)?
Yes, ab76, July at 94p at present:
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5419492
It’s another turbulent day for gas prices. At 10am the price was down 9p to about 83p, but now it’s up 3p to just under 95p. Fortunately, the trend remains upwards (it was 54p on June 1st).
MULTIPLIER 66,964
FIXED PRICE £0.7597
MERCURIA PAYMENT TO ANGUS = £50,870
MULTIPLIER 66,964
SPOT PRICE £0.8434
ANGUS PAYMENT TO MERCURIA = £56,475
LOSS on SWAP is £5,605 (made up from a loss on swap 1 £26,992 and a profit on swap 2 £21,387)
-----------------------------------------------------------------------------------------------------------------------------------
DAILY PRODUCTION therms 98,080
SPOT PRICE per THERM £0.8434
GAS SALES PAYMENT BY SHELL TO ANGUS = £82,721
GAS SALES gross profit = £77,116
Month to date GAS SALES PROFIT £960,179
less Shell 1.5% and Ntsec 0.386p/therm
1)SAP used instead of NBP
Thanks Singhie :-)))))))))))
I agree HITS.. BV used to be somewhat rational but a lot less so recently.
Seem to have taken up the slack since adrian seems to be absent.
BV, I will have work on my comedy to compete with you & your shareprice predictions..
i suppose you have no need for a belt with your trouser round your ankles, lying prostrate, waiting for your lord & saviour GL to show up so yea i will take the belt. Thanks
A NEW WORLD , ROOM TO GROW
PASSENGERS - The travelling was intresting but some1 got to the destination
https://www.youtube.com/watch?v=yacoT-MpBDQ
OUTPUT DATA 13.06.2023
13/06/2023 00:00 13/06/2023 System Entry Calorific Value, Saltfleetby, D+1 41.2700 ***ABOVE AVERAGE***
13/06/2023 00:00 13/06/2023 System Entry Energy, Saltfleetby, D+1 2,874,444.0000
13/06/2023 00:00 13/06/2023 System Entry Volume, Saltfleetby, D+1 0.2507 ***8.8534MMSCF/D***
Daily Output (Therms) = 98,080
Month To Date (Therms) = 1,302,756
Average Per Day (Therms) From 25.05.23= 100,798
F/C Monthly Hedge 1+2 Completion = 24/06/2023 01:07
F/C Monthly Therms = 2,604,715
Average Monthly Price Per Therm = £0.6643
F/C Hedge 1 + 2 Revenue = £1,526,106
F/C Market Revenue = £662,585
F/C Net Monthly Saltfleetby Gas Rev = £2,188,691
F/C Net Rev Less Disbursements = £2,155,861
Links To Source data Files =
https://tradingeconomics.com/commodity/uk-natural-gas
https://mip-prd-web.azurewebsites.net/DataItemExplorer
https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5351152
Assumption That The Hedge Requirement Is A Daily Pro Rata*
Daily Average Output Of 57,693 Therms To Complete The Monthly Hedge*
1) 3 Month Hedge Requirement Of 5,250,000 Therms / 91 Days: 01.04.2022 - 30.06.2023
2) 3 Month Hedge Requirement Of Additional 843,750 Therms / 91 Days: 01.04.2023 - 30.06.2023
Month Therms Revenue
Jan-23 1,909,995 £1,759,930.52
Feb-23 1,665,428 £1,481,677.39
Mar-23 1,833,268 £1,673,093.54
Apr-23 1,751,187 £1,264,570.11
May-23 2,604,715 £1,960,176.78
Jun-23 3,006,359 £2,188,691.13 Forecast
H1 2023 12,770,953 £10,328,139.48 Forecast
2023 Q2 Therms Revenue
Apr-23 1,751,187 £1,264,570.11
May-23 2,604,715 £1,960,176.78
Jun-23 3,006,359 £2,188,691.13 Forecast
Q2 2023 7,362,261 £5,413,438.03 Forecast
12 Month Share Price Forecast: 9.25mmscf/d
PE Factor = 5.00
Ord Shares = 3,590,393,701
FC Avg Therms / Day = 100,000.00
Debt Outstanding = £1,964,981.49
12 Mth Rev-Debt = £25,136,475.20
F/Cast Share Price (p) = 4.17
Based Upon Current Market Data and Responsible Debt Repayment Plan
Share Price Forecast Tracker (p)
Nov-23 2.09
Dec-23 2.55
Jan-24 2.91
Feb-24 3.28
Mar-24 3.61
Apr-24 3.95
May-24 4.14
Jun-24 4.17
Regards,
The above thread title is exactly why the negative Trolls come out.......!
IMO.....! :)
All the best (just a thought...........! :()
Unbalanced viewer I do not have multiple IDs and unlike some posters I post fairly infrequently.
As if by clockwork HITS, I was going to mention you in my last post using the word Cheerleaders on the other site. Posting here for 6 years burning the Midnight oil 7 days per week and owning no shares, NOW THAT'S LOSING THE PLOT CUCKOO!
"I hope I haven't missed anything LOL!"
Yes BV, you have. The plot. In fact, let alone missed it... you've clearly lost it.
(Why oh why does anyone over the age of 15 think that adding "LOL" to their posts in some way increases their weight or value?)
SB what a comedian, would you like a belt to hold your trousers up. Both got lucky on a spike, both underwater averaging down investing too much or their portfolio in Angus. Plus Angus are Unicorn or Rainbow chasing with Geothermal and i'm the head of the Cheerleader squad, I hope I haven't missed anything LOL!