The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
bit more Austin Maxi 'till RRE sees a more realistic value atm dana ;)
£23.23
"The company anticipates full tax relief on all abandonment expenditure at a rate of at least 40% given it is fully covered by tax paid history."
... not enough attention is paid to this when decoms are 'discussed' (read: used as an excuse to deramp) imo.
a drink as well :)
Agree dana... that's the three of us aligned then. A dink or two in 2022 on the cards :)
you could ask our very clever friend, he's quite handy with the fibs these days ... tho he is understandably busy with work at the moment. I agree we should end back up there ... given joke of a price anywhere near these levels.
good to see you've not lost your kiss of death posting touch dana ;)
Andrew's holding also bodes well for the divi... you would be keen on keeping 85p when you hold 3.5m of them.
correct dana... of course it is a new and different ex-div date for the April final than it was for the Oct interim.
MARCH 27, 2020 / 8:53 AM / UPDATED 3 HOURS AGO
MOSCOW (Reuters) - A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus.
https://www.reuters.com/article/us-oil-opec-russia-rdif-exclusive/exclusive-russia-calls-for-new-enlarged-opec-deal-to-tackle-oil-demand-collapse-idUSKBN21E13T
I'm sure he'll get a ventilator if needs be.
https://twitter.com/i/status/1243496858095411200
just a rumour but hearing that the old secretary was taken to hospital with CV19... been put on a new Dyson ventilator and is now picking up well.
of course... they wouldn't just be lying as they have been all along.
NewKOTB ... I hear that one symptom of CV19 can result in a loss of sense of humour so I hope you are OK.
Prudent ... Huge cut in opex right there.
Sadly, I suspect we will pay for it with a lot more than just tax increases. The orange one is a stone cold mental case.
Thats cash at hand Degsy ... fair valuation is much higher
You have to DYOR work out what our actual oil output is (less the gas) ... then work out what it will cost if that oil is sold at, say for example, an average of $3 loss per barrel... even for an entire year.
You may be very very surprised at how small that number is in the general scheme of things.
We have around $300m unrestricted cash.
Capex is adjustable.
Was it Buffet that said... "the cure for $25 oil is $25 oil" ?
Rockrose is very robust.
Thats if you believe the 'just the old and weak at risk' narrative Dana....which is nonsense.
I believe Soberman sold out on the way down... some in the teens as he mentioned selling some at the time. As much as he consistently demonstrated what an unpleasant character he is, at least he has had the decency not to be posting since being out... unlike some low life script flippers.