Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Never heard of them b4 thanks they get my vote, if it counted.Need the masses to wake up and revert to the Magna Carta and revolt,Because nothing is going to stop what these psychopaths are planning.
Then have our own RESET ;-)
jeff,
Exactly , the funny thing is they were lower during the 2 big wars.. let that sink in .
Government becomes bigger and bigger and it never solves anything as it needs to keep on creating a reason to exist.
I detest them all . You know what's funny ? in the last council elections I don't know anyone that voted , I then checked turnout , the biggest winner was Party Apathy . People are fed up with sub par service and being taxed for anything . Especially those who pay taxes ( Also its a minority around 10% that pays most of it anyways. ) Its shocking . What are the other 90% doing ? Not much
Tax was only every introduced on the masses to pay for the napoleonic war.It was then scrapped and then reintroduced in the 1803 war.Was all supposed to be temporary.
How to create a good slave get him to pay his captors so he doesn't think hes a slave and chuck him a tv set ;-)
Funny old world were living in
You do realise that if you tax the bank or whoever that money loss to the banks will be passed onto the consumer ?
There should be no windfall tax on any firm - period !
Your pensions are all aligned to the performance of markets. A tax will be detrimental to them Its like a turkey voting for Christmas ! Then we hear people complaining about pensions etc and under performance or under funding Well there are mad people out there that believe that you can tax a productive asset that is paying for your pension and still retain the same pension performance ! good luck with that alchemy
I probably need to go live elsewhere as nothing seems to cheer me up, least of all this atmosphere of envy and taxation.
Pearls, you are bang on right!
" the point is that the oil companies are a soft obvious target for the government, but actually the surplus profit the banks will soon be making as they ratchet up the interest rates on mortgages should more be more than double the oil profits. Why then should the banks get away with charging more for everyone's loans and not paying a windfall tax? A bank windfall tax will probably bring in between 2 - 3 times what the government will get from the oil companies, many of whom are international in their operations, so how effective will such a tax be on them, anyway? The Banks on the other hand, are a much more captive market...."
Why only tax energy companies? why not banks? Definitely banks are making huge loads with high mortgage rates and they should be taxed on their profits. I hope the petition letter from all energy companies have mentioned this point!
Any tax on energy companies will lead to less investment by the energy companies and that would lead to even higher oil prices fueling the inflation. Bojo can't expect energy companies to invest and at the same time tax them. It is the banks who need to be taxed.
Why short it this time round, weigh the debt rapidly being paid off? ….maybe the Neptune deal is back on the cards…? But should be accretive surely although gives Neptune holders a way to crystallise cash
Another interesting stat :
March 21 , Brent at 70% HBR 600s
May 22 Brent 113$ and great year to date average with $1bn less in debt HBR in the low 400s
there is nothing here that suggests fundamentals are playing any part in this
Just money moving around the wheel.The banks are getting a spin which is a positive you need them to be moving up and stay up for the mrkts to find a bottom.
;-)
Hi Pearl ,
I get what you are saying but am fervently anti tax. Its a system for which you take away from productive systems to systems that will squander it. We have seen the rise and rise of taxation with promises to sort things out . Has that ever happened ? They can tax everyone at 99% and it still won't change a thing . They will squander it all.
I believe in minimum tax and find that if a firm as carried losses this kind of taxation is preposterous on so many levels.
It won't incentivise growth in other projects, green ones or not, and will in fact make it detrimental to run a business.
One thing is for sure they have lost me a voter for good. (Which won't mean I will vote for the other misfits but simply refuse to vote to have inept governments one after another . )
Strike123,
It always was being shorted 6.48% stock out on loan on Euroclear at end April up from 3.64% end March
ondb, the point is that the oil companies are a soft obvious target for the government, but actually the surplus profit the banks will soon be making as they ratchet up the interest rates on mortgages should more be more than double the oil profits. Why then should the banks get away with charging more for everyone's loans and not paying a windfall tax? A bank windfall tax will probably bring in between 2 - 3 times what the government will get from the oil companies, many of whom are international in their operations, so how effective will such a tax be on them, anyway? The Banks on the other hand, are a much more captive market....
corriedog, clearly the answer today is that you sell on those numbers.
It seems PMO's old reputation lasts a long time.......
bloody hell it is now 430p!
It looks like FTSE100 companies are just being shorted irrespective of their fundamentals.
Any company that enters FTSE100 is getting battered except for miners.
It looks like the US funds with their trading desks in London are told to just short the FTSE100 stocks.
Just keep focus on fundamentals. FTSE 100 company on a p/e of 1.5 and an enterprise value of twice cash profit. Cautious and experienced management team who are unlikely to do something stupid.
Everything else is currently irrelevant.
Do you buy or sell on those numbers?
So this idea that a tax is hurting HBR is easily debunked as BB hysteria .
BP is off 2.73% of its years high
Shell is of 2.51%
Enq 6.48%
Wait for it ... HBR is down just over 20%
So what happens here ? HBR is seen as paying it all ? Of course not but pricing would suggest that
Brent is at 113$
Sept 2022 Gas = 210
Its clear am not looking at summer contracts for Gas
This gives debt free by Christmas . over $200m a month
Why is paranoia hitting this share price ? Its clear that its price action and not fundamentals A big case for TA being superior to fundamentals for trading. Based on what we are seeing the argument of TA > Fundamental analysis is clearly won
Why more tax they just slash the price of oil it has no buisnesses being where it is.
Then lock up Parliament and the bankers
Sorted ;-)
Pearls where do you stop ? Windfall tax on anyone that makes a profit ? I mean has taxation ever worked ? surely it hasn't given debt levels increase as wastage and the zillions spent of rubbish .
We had lower taxation during the wars ! Let that sink in . Tax is inefficient and certainly never sorts the issue out
I think it would make a lot more sense and be fairer if the windfall tax were to also apply to the banks. As the interest rate increases over the oncoming year[s] to combat inflation, the banks too, will be making surplus profits.
Application of windfall tax should be seen to be fair - a wider number of companies should therefore be charged.
The same ones that said Covid was?
Rookie1,
If you are correct then monkey pox will have to become another covid type pandemic, which the epidemiologists are saying it won't.
Exactly strike, another example of the controlled demolition of capatlism.
Now why would they want to do that if they really want to support buisness’s , encourage investment and bring energy prices down? Answer: they don’t
Bloomberg says UK energy firms beware. The government wants a larger part of your massive profits. Rishi Sunak told officials to put together plans for a possible windfall tax on more than £10 billion of excess profits earned by electricity generators, the FT reported. Wind farm operators would also have to pay. The plan is gaining political support but there's a worry that it might deter investment.
Investors are being put off by the calls for a windfall tax.
Despite the reasons why there shouldn’t be one.
Time will tell. Tucking these away until £6 minimum.
GLA
to be fair, there are no operators on the list: https://www.heraldscotland.com/news/homenews/20160495.windfall-tax-oil-gas-industry-calls-johnson-reject-proposal/
The 31 signatories are from: 3T Energy Group, Aker Offshore Wind, Apollo, Aubin Group, Baker Hughes, Bilfinger, Blade Energy Partners, Carjon-NRG, Dron Dickson, Exceed, Fennex, Global E&C, Halliburton, Hydrasun, ODE Asset Management, Offshore Water Management, Optimus Plus, PD&MS Group, Petrofac, Ponticelli, Prodrill Energy Resource Solutions, Semco Maritime, Stork, Subsea7, TechnipFMC, Tees Medical Services, Texo Group, Three60 Energy Group, Vysus Group, Wood, and Worley.
Oil and gas industry calls to reject windfall tax proposal in an open letter. Of the 31 signatories Harbour Energy is not one of them.