Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Must say I would only be tempted back in myself at the low 130's level, although might not get there, of course.
Also watching to see if we get any inside buying. Nothing like some meaty purchases to demonstrate the old maxim of actions speaking louder than words... GLA.
Perhaps disappointing would be a less succinct word to use Ivor. Anyway yes not great - there doesn't seem to be that many major players in this market and yet profits seem elusive. I'm neither a buyer nor a seller on this news. I think they need to welcome a buyer (for the company).
Nothing about debt.
Nothing about return to free cash flow. "simplification" will mean reduction.
no comment
Seems to want to go to the 132p level again - add be glad
Only me it seems as I anticipated the rejection and sold majority of shares at the time. This have been a great accretive for me. Even managed a cheeky trim and a buyback already today.
Can't imagine any shareholders are happy after rejecting Apollo last year.
WIll do & happy to.
MaryBr
If you are buying dips then I suspect you'll get plenty of opportunity to do so today as this is going to go south
Crap results again.
I like this quote, maybe a divi by 2025……. “From 2025, our sustainable free cash flow generation, combined with proceeds from disposals, will provide increased flexibility in our capital allocation policy”
I suspect job cuts will be encapsulated in the statement
"....we have launched a simplification programme to drive efficiency and support further margin expansion"
No capital allocation until 25.
And negative FCF for year end.
No mention of job cuts though.
WG. First impression is that their recovery is on track, perhaps a tad, ahead but the old problem cash flow is still there. We knew payments had to be made but now there is a self investment (improvement) programme which in going to require cash before it starts to save money. I will come back if there is anything worth saying after the video presentation at 9 a.m. I see they are getting a new CFO.
Buying any dips.
We are therefore upgrading our outlook, with 2024 guidance now towards the top end of our medium-term targets and 2025 expected to exceed those targets. Ultimately, our priority remains sustainable cash generation and we expect to deliver significant free cash flow from 2025."
If you want a laugh, check out the CNN fake news on Trump - not going bust today or any other day. Another Donald win.
Puns most welcome to cheer up a dreary Monday morning!
Yes, not comparing org's here, just how even a positive results RNS leads to chaos at the moment. Fingers crossed Woody will surprise tomorrow.
Think PRU is based on China outlook and OCDO is a basket case (excuse the pun).
GLA
Judging by recent RNS' from other companies, even a positive result will no doubt see -10 to -15% (OCDO, PRU etc).
Should be a fun one, especially if the improvement is confirmed. 120 or 170p place your bets.
Standing by ready to add or trim as usual. Good luck all.
@ Asleep
FYI
https://www.shiftingshares.com/what-is-an-uncrossing-trade/
If a large fund is buying up shares to add to its portfolio, that's good news isn't it?
What's the story with them? Sorry not up to speed.
Probably Fidelity?
GLA, whatever happens on Tuesday!!!!
Somebody is confident at £1.45.
@Aucuba
I hear you too.
Many stocks retrace, from last November the stock market has risen and floated most boats but shares move indivually not collectively. I called s&p 5k and Dow 40k about 8 months or more ago. Check back. This creates opportunities. I now call for FTSE 8600 as the US cools off though that move is not yet finished.
Some like RR. took a long time to bottom and plenty of opportunity to gain a foothold though not without ri sk at the time. Now RR. is in a different phase. WG. Is still in that ebb & flow, disrupted by the Apollo bids.
WG. Will get through the bottoming to. No need to avoid stocks that fall. Just believe in the recovery and give it time.
WG. gave several false starts and yes luck played a part with the Apollo bids, however the snooker rack system leads to adds and trims and that protect the downside, rather successfully allowing the option to remain in a stock even after a shock drop.
All I try to do is reply earnestly to genuine questions and will not be swayed by derogation from others (not talking about you).
This may yet have a profit warning ⚠️ which will be an add if it happens. I prefer to believe that next week will be positive here but either was will add & trim as usual.
GLA, great weekend.
Mx