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Oh please MPO don’t make it sound like my £4 talk is unrealistic! I’m having enough trouble as it is :)) happy Thursday all. Should have sold and now doubled?!!! Good links alsop thanks so much. Happy Thursday all!
JOG opened at 332p (from YAHOO)
Will we ever see this again??
Nice little summary https://www.offshore-technology.com/projects/buchan-horst-oil-field-uk/?cf-view
Dividends after 78% tax. How much would that be?
Onthe6
You presume to think what other holders will be happy with.
Not wise.
There's a thing. Never use a left angle bracket (or 'less than' character) in your post as it will be truncated there.
Cyril 2 - " ...for what it's worth, here's mine. To the original question you bet it's worth 7 quid - "
I agree - let those want to get out at £2- go and dont worry about huge SP fluctations - those that would grab at £4- goodbye, you've been nice travelling companions
If no takeover - Oil will flow - big dividends will paid - and then there will be takeover bids
For some reason I got truncated in mid flow. Most uncomfortable. I went on to write........ at less than £8 and since then a great deal has been achieved. I see the issues as almost entirely political. Labour and the current lot communicate in words of one syllable to rally the tabloid reading masses. For many 'just stop oil' is a coherent strategy. There is another discourse only accessible to those prepared to apply effort and intellect. Once Labour get into power the front bench, most of whom have no real world experience of government, will be confronted with the actual realities. This is how u-turns happen.
For some reason I got truncated in mid flow. Most uncomfortable. I went on to write........ at
Onthe6: " Of course I pray that the £7 talk will come to pass and I can dine with Einstein. 699 actually. Enjoy your day all."
Prayer as an investment strategy - could put IC and lots of others out of business - and cheaper than a Wealth Manager.
For some reason I got truncated in mid flow. Most uncomfortable. I went on to write........ at
Of course I pray that the £7 talk will come to pass and I can dine with Einstein. 699 actually. Enjoy your day all.
Think most long time holders will be happy with £4. Bad investment unless bought in in the pennies. Agree with alibro.
Thing is if this gets to £2, those bought in recently around 150p, 160p will be selling then it’s back down again. The only way for our board to make sone money is to sell the company.
...for what it's worth, here's mine. To the original question you bet it's worth 7 quid - and some! Years ago I stated I wouldn't sell out at
This is what was announced woth respect to contracts for the refurb Onthe6 https://www.pressandjournal.co.uk/fp/business/6269212/pivotal-work-on-giant-western-isles-vessel-is-happy-landing-for-apollo/
Labour must tread carefully on road towards UK’s clean, green future - https://on.ft.com/48i8fOc via @FT
Apologies was trying to post that. In short, if Labour kill the investment allowance you get redundancies like pit closures in 1980s
Maybe they will remove investment allowance but give a huge tax break on jobs, so even things out. Or quietly walk.
But for some it has nonetheless burst the bubble created by Labour’s overtures to win over investors. As one oil and gas executive put it:
Labour has been hawking itself around the City saying we are on the side of business and we want you to invest in the UK — then a few days later they are U-turning.
It’s a bad day for investors in the UK . . . Everything I’ve heard since Friday suggests they are rushing to the exit.
The sector’s backlash against higher taxes is to be expected, yet there is a lot at stake. The UK still gets about 75 per cent of its energy from oil and gas, and efforts to move towards cleaner energy are proving difficult and slow.
Transactions heating up since late last week because of the end of tax year. Presume will continue this whole week.
I don't believe Neo has committed much capex yet other than the success fee to JOG and operating costs of the project team. I do believe we will see movement on that soon.
I thought Neo has awarded the engineering work to a company? Or that’s just a study or conceptual work? It’s nothing to do with the physical side of the project? That will be later after fid? Too many dumb questions I know.
Tis an interesting question.
One thing I don't understand, is why someone would pay cash out of retained profits for oil revs, and not simply get a massive tax deduction on CAPEX to say, get incremental oil revs from existing assets. Obviously there is an answer to this and I'm happy to be sh@t on by some of the more experienced posters on this board. It's not enough to be right, it's that others must fail etc.
Another ponderance in my tiny mind is that can a contingent offer be made? Say on FID, or even first oil? Is that a thing in M&A? Take out the management team and essentially you have a financial derivate, so why not? Might be nice to snap off the target now when atmospherics are rubbish.
One thing I'd add is that if we want to see first oil Q4 2026, we're going to need to see activity pretty sharpish. Rig contracts (or at least options) need signing, long lead time items like er, infill tube thingys and errrr 'well heads' need ordering, building etc. These will likely be released by RNS and this must close the value gap? I see no risk from regulator, only a tiny risk from a partner getting cold feet - but these items would confirm that would not be true beyond all reasonable doubt.
Where is an M&A banker when you need one.
Dear Einstein, thank you for wise words to my very dumb question. All explained very nicely :-) 699p dinner on me, remember? Better than hot cross buns I promise. .
Dear onthe6, in my opinion, from a very damp forecourt, you may be conflating 2 things.
Share price might reflect some notion of the discounted value of the company’s ‘worth’- future earnings etc. (Dick would be more precise.) What a company might be prepared to offer for JOG, once FID is announced, is a very different string of sausages. FID may be the definitive step in value promotion in the JOG ‘odyssey’. Post FID, when the value can be attributed to reserves and production start-up date is less risky, if JOG lasts that long, the share price could well be north of your magic £7 and a buyer would need to pay a premium.
My fear is that a company looks at all of the runes and takes a low-ball punt pre-FID.
Not many dead bugs on the windshields in this weather…..
Hi all hope you all had a good Easter!
Just to ask for all your opinion. All brokers reckon our worth is around £7 per share and most believe takeover is fairly likely post fdp, fid.. now question is would the buyer pay £7 or half of that as they would need to make a profit? Greener? Einstein? Silly a question as it might seem but would appreciate your takes on this.
Morning Dick. I'm privileged to be the butt of your wit. ;-)
My holding might be small but that means gains are good by comparison. It also means if things go tits up like happened (more than once) before I won't have lost my shirt and the Mrs will still get fed.
My investing strategy might not have reached your levels of glory but so far it's holding it's own. I first bought JOG 7 years ago and I'm still around which is more than can be said for most of the so called 'long term investors' who have disappeared shirtless.
The way I see it there are only two ways to make a decent profit in JOG.
1, buy at the start when the price was pennies. You may have managed that trick but the rest of us are a bit late.
2. Buy when it is cheap and sell when it is expensive.
How to define cheap is the trick here and rightly or wrongly I've decided 150 is a good price.
How to define expensive is the next trick which I still have to figure out but the last 5 years would suggest anything over 250
Why am I bothering to mention any of this?
Unlike most posters here I am not convinced JOG will make me rich, history would suggest the opposite is more likely so perhaps these words might act as a warning to someone out there thinking of pouring all their life savings into one basket.