Member Info for 34adsaddsa

"Paying off debt should take priority over giving windfall profit as UK government tax"

As if they have a choice!

Because Jeremy Hunt is drinking your milkshake.

"If Brent oil price goes over $100 during 2023 for a period of months, then we should be debt clear at the end of 2023."

This won't either.

"Debt reduction of 42m per month is an average of the first 2 months of 2023. Would give a net debt of only 200m at year end."

This will not happen without changes to EPL.

($50M working capital reversal about to get it back to near $700M)

The longer this goes on, the less likely it and the less important it becomes. Labour will reverse it anyway.

I don't think it's going to happen.

Imagine caring about the number of shares in issue..

In the last 9 months, capex was greater than EBITDAX. They need liquidate or find a buyer FAST.

I think substantial shareholders must be feeling pretty narked at Aleph. No position for me yet but I'm watching closely..

God knows what's going on here. Doesn't seem like a very good time to sell given high-profile payment issues. If they're actually trying to liquidate and are planning to return cash to shareholders then that's bullish.

The CEOs are starting to grow some balls. If they'd done before the 25% we wouldn't have got into this mess.

Our magician in Peru is speaking!

I don't think so. More NS concentration is the last thing their shareholders want. The numbers make it worth doing - assuming they could get it done at a non-crazy premium - but it's not going to happen because the NS is probably the most disliked area to invest in the world atm. UK politics is in a feeble condition and they've ruined things.

Oh dear. They need to realise that they can't out-green Ed Miliband. The man is a fanatic. They need to make counter-arguments with a focus on energy security, investment, jobs, current account balance, keeping the lights on, actually having production to tax etc. They're hopeless.

This is in energy voice:

"A source told Energy Voice that oil and gas measures could follow next week, though this hasn’t been confirmed by the Government.

Nothing in the “Energy Security Plan” announcement last night mentioned support for the sector, despite Britain relying on fossil fuels for 75% of its energy.

Another industry insider suggested a package of measures linked to the windfall tax, or green lighting the Rosebank oilfield as trailed in the Guardian last week, would “give Ed Miliband a stick to beat them with”.

The UK Government has been contacted for confirmation of measures linked to the windfall tax, the venue and the Acorn CCS project."

65% over $70 is just too high. The collapse in investment is really serious and if they don't do something big, the UK will lose the skills/infrastructure to do proper NS projects.

I think the level itself may be quite high. The public don't know any difference between $70 or $80 and brent was over $90 before Putin invaded which is the sort of crude - pardon the pun - yardstick the media would use.

But yes, I think Honeycomb shareholders did get screwed. Pollen Street was valued as if they were already producing the sort of profits they were projecting in the future - that shouldn't have been accepted by Honeycomb management. All quite dodgy. Upside for people buying in around here is that we're now in the same hive as the people who screwed us. There aren't any special share classes so we should benefit from their nous.

I'm glad the preference shares got blocked. I don't think like the idea of the company having them and it shows Pollen Street management can't just do what ever they want.

I don't think it's now appropriate to think of it being at a "discount". I think of it as a investment trust trading at about NAV with an option on a private equity firm thrown in for free.

Share price downside is limited due to investment trust part unless the economy really collapses. If they can get private equity AUM up a chunk more then it'll start making lots of money and the shares and/or dividend will go up significantly.

Just delusional retail buying because they think this just means a few days without exports.

"A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul."

- Jesse Livermore