The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
sour puss and hairygash ?
So my new investing strategy... wait for Sour Kous Kous to mutter something... then do the complete opposite!
I would have made 7% today!
Oh dear Briansy. HC get to you?
Now 370 a share. Whoops.
@ Soder please carry on posting with your insights, we all are adult and can make judgement and make our own decisions. Don’t get put off by negative comments by those who is not even invested here and talking nonsense . Have no idea why do they waste time if they have no interest in the co unless they are paid agent by shorters/ hedge funds or they shorted the stock ?
Whos that directed at.
We have seen depressing comments from similar folks like you on Pfc , Rolls-Royce. For records I’m invested in all 3 including hbr… you can check my comments when sp was below £1. Now look at these stocks, both above £1.40 and a further to go. Just my view. Hbr will follow the same pattern soon, time will tell. Polite request if you are not invested don’t bother wasting time and making silly comments, if you have to post please put some facts or something useful for all of us invested. Few months ego same for Melrose n now look at sp .
Dyor
Took my chance to sell off on a bit of a rise today. Net loss of 200 quid on a 40K investment over nearly 6 months. Huge waste of time and nervous energy but a lesson learned. The stock market ain't for me! Enjoy the rollercoaster gents. I'm out.
Soder
Actually your lengthy post confirms my comments on the stick your head in the sand theory on those that believe HBR, that was PMO, is somehow a great investment. It ain't and your back of a fag packet analysis is pointless. I do not profess to understand the smoke and mirrors numbers from HBR latest crooked management but frankly neither do you. If your correct why are the MM's far cleverer than us not filling their boots with these bargain basement shares prices. Simple. Their to risky and lenders or bond holders, whatever, are the only winners. You wonna keep throwing good money at this then fine but get real with the posts ok. Not everything is rosy in the garden ok.
HC
Good comment Soder. I just hope some of these worthless city analysts agree with you.
I agree soder
Harrycash I think your post proves exactly what hat the problem is with this share in that people do t read or can’t understand the situation what happened around the reverse merger.
We completed a debt restructuring and debt for equity swap. As such Wr have no bond holders and the lenders agreed to swap part of their debt holding for equity. This new debt pays like 5 percent. That is **** all. Like truly **** all. Tullow for example just had to do a bond with a 10.5 percent coupon.
Then you talk about why we not awash with cash. They has been communicated. Hedging. A requirement under the loan agreements and restructuring docs will as to undertake hedging in near term. Harbour have communicated this and also exactly what the hedge profile is. They have given you the exact volume and price of hedges over next 3 years. If you can’t read this and convert daily production to annual and see what % of your verbal business is hedged over next 12 months is that their fault or yours?
More than half this biz is u hedged in 2022. At 80 oil and 100p plus a therm gas. Ebitda is going to be way way north of 3bn post tolmount. That’s transformational. And will mean that debt is under 1x ebitda.
I don’t care about the sp today. I don’t care tomorrow. I don’t care next week or next month. I guarantee you this sp will be meaningfully higher come mid next year.
It's bouncing up today!
Its just money moving around the wheel.For one to go up one goes down.
Bit of luck 340 was the resistance and bounce back from there.If not could see 300 but it will bounce back and go up and go down.And will continue like that until a major investors pile in.
Thats the gamble
ATB imo
What an oxymoron.
“HBR should be awash with money”
“HBR a cash cow”
Reading the mass of posts between those in obvious conflict leads me to.believe that most are consumed by a need to score points against others. 4sure none of us will agree on HBR but being honest on the bad newsflow seems a better plan than the 'head in the sand' approach.
Like a few others on this forum I've been around for a few years on the PMO/HBR merry go round. I've admitted my past mistakes on not jumping ship whilst PMO thinking things may improve under HBR. They haven't and it appears they won't. This is our money unwisely invested and to say otherwise is a mistake. Those that think this sinking ship will recover have my best wishes but for now think of this as a share you put in a dark drawer and forget it for maybe 5 years. If not just sell and take the loss.
With Brent at its highest level since 2008 and gas at all tome highs then HBR should be awash with money. It ain't and back of a fag packet analysis will not change the story. HBR is a cash cow for lenders and bond holders. Shareholders come at the back of the line so we need to accept that as fact. Pulling out of far flung oil fields us positive but expensive. If in place platforms ain't sold then they need to be decommisioned and the Capex on that is huge. Add in payback on voided leases and the end numbers could swallow any FCF for years to come. On that basis divi's etc are best forgotten.
All theory of course but yeeze stop with the mantra that HBR is a winner, it ain't.
HC