The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The contingent consideration is not debt.
Maybe they want to shut down all energy production due to this global climate warming change nonsense so everyone freezes to death.
So if oil falls to say $65 and the 35% tax is removed would Enquest in a better position than if oil is $80 and the tax is in place.
EV keeps going down here. Mainstream media dont understand the shell and bp are operating outside the North Sea.
Doesn’t Enquest have revenue in usd and a large chunk of costs in gbp.
Given we hold so much cash these rate increases should be favourable
Are they really going to try another episode of covid - I thought the narrative was it’s either eating or heatings
Sounds like his approximate value is just under 60p. I’ve been churning out some numbers post interims and think it’ll be debt free a bit sooner than 18 months. Tax credits, dollar strength and
I guess the fall today is linked to the rate increases and enq's debt, given where the poo is I don't think a refi is needed, weren't talking about optionality in the Q&A. This time next yr debt free producing 50k and it'll still probably be sub 30p.
Net debt current at 0.8bn ratio reaching that 0.5x at year end. Net cash position round corner and even ticking the climate nonsense box. I thought higher interest rates were supposed to favour value shares on the dcf.
60p party with dividends would be nice. Reckon we’ll see the 0.5x leverage around Christmas time.
There’s say $800m on the balance sheet now and ebitda this year is going to be say $1.2bn that’s 0.66 x now. No shareholder returns for years and years and still we wait.
First it was 1,5x now it’s 0.5x then it’ll be debt free then it’ll be net cash for acquisitions. It a complete joke shareholder returns now should be the message!
I just don’t understand why the emphasis needs to be solely paying down debt. The debt has come down a lot now and a refinance should be fine given the cash generation. It’s fine to have debt on the balance sheet but why not reward loyal shareholders and also pay down the debt.
Another day where EV remains on 1x ebitda
Not sure why they are holding so much cash
Why do they hold so much cash?
Zelenski addressing Glastonbury - war is peace and all the other dystopian quotes from 1984
Like I say it’s inverted logic and until people wake up to what’s going on it’s going to get ever more crazy. It’s one crisis after the next and I wouldn’t be surprised if they try and do a climate lockdown. I do think they will raise the price of fuel so high that the masses will be prices out of travel then there’s that money saving expert lunatic that keeps on saying it’s a choice between eating and heating.
It’s all part of this green new deal reset agenda. The 65% tax was clearly planned - nobody in their right mind would tax that high in a supply shortage if they had any sense they would be throwing incentives at the sector to boost production. Instead we are in this inverted world where opposite logic is applied to almost everything.