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.
The claim is in $US and NOT £Sterling, so you have to divide it by about 1.3 as well as deducting lawyers' fees and consider how long it'll take to extract from the Italian state, assuming a decent sum is awarded.
Much, yes that would translate to a shareprice increase of around 30p. Fingers crossed
Even if it was 40% then a £250m payment would still see £150m to RKH against a current mcap of £40m...
It has been discussed here a while back. I am not sure but I think the sources was from a past AGM. Much is correct that it is a sliding scale where the higher it goes the higher the fee, and from memory I think it is capped around 40%. Perhaps someone else here can give a fuller answer??
Where was this 40% mentioned?
Ofcourse, but in your example of a 250m£ Award, lawyers would take upwards of 40% if I remember correctly. So a re-rating is unlikely to get us to 45p IMO. I am optimistic about the outcome too, but let’s keep it real :-)
They’re Ona sliding scale and even if they are £25m it’s not going to be material. It’s only fair they take their share if the amounts are as high as is being speculated.
Much, I think you are forgetting the lawyer fees…
450m shares in issue. £250m equivalent payout gives you 45p cash per share.
And that places no value on Sealion……..
On what basis is this assessment made? Thanking you in anticipation
5 bag…. 45p straight up.
It's interesting how the Italian's are playing the environment card and seem to brush over the fact that they originally allowed the development to go ahead then were swayed by public opinion.
This will be the hurdle we have to get over with the development of SL, will FIG be swayed by environmentalists? especially the news is awash with floods and heat waves.
Come on HBR, lets get this party started, if you down commit to it this year, it's never going to happen.
LTT
If the amount of compensation awarded is even half that the guardian report then this could two bag
I think I will be a buyer in the morning, because the mist is clearing at last.
The arbitration process is coming to an end and you don't need to be a fly on the courtroom wall to see what's happening. The court has said it will deliver the outcome in July, so yes only a few trading days left. They haven't published it yet , so no RNS at 07.00. If the award (=decision in their language) had gone in Italy's favour, this would have been over perhaps a year ago, because there would be nothing else to consider, bar the fees!
I am now convinced that all this time has been spent working out the lost profit quantum, because if it was only sunk costs, those are a matter of public record and could have been announced months ago.
Lost profits in a dynamic oil price setting and complicated imaginary supply chain must be devilishly difficult to calculate and forecast with any measure of accuracy. I don't think the lawyers have been hammering the spreadsheets. A firm of consultants must have been engaged, and who knows how many iterations of the calculation have taken place, and they will have been cranking the handle to prolong it .
The sunk costs are a given, but lost profits must be more than nil, and frankly it does not matter how much they are from a share trading perspective, because as soon as a lost profits decision is made public, it's a licence to print money on the day.
Whether Italy agrees to pay the quantum is another matter altogether and might need bailiffs who will continue the saga.
But on the day of the announcement, there must be money to be made, surely?
Thankfully ...a bit of good of news for us LTH!
Daniel Slater, an analyst at stockbroker Arden Partners, says any windfall would be “tremendously helpful” for funding Rockhopper’s project off the coast of the Falklands – an as yet untapped oilfield containing 1.7bn barrels of oil