Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Today, HBR has to undoubtedly be one of the most Undervalued/Oversold Share trading in all FTSE, IMHO, and now with diversified high potential PMO inherited assets included, no debt, plus a very decent dividend yield here, hence, anticipating some long awaited updates here in coming days while given current global environment, share price cannot stay at these illogically ultra low levels for much longer!
Now with Gold closing in again on the $2000 resistance, considering what’s going on in the Middle East, and with Fed likely nearing the end of it’s interest rate hiking cycle. thereby, potentially leading to even higher Gold prices ahead, way undervalued/oversold PAF here looks like a grand bargain at anything less than 20p minimum (with analysts PT currently set at 25p!), all of course IMHO, please DYOR.
HL - Now the Most Undervalued/Oversold Share in the FTSE, IMHO, and with decent dividend yield along with an attractive PE for a FTSE 100 company, DYOR!
Harbour Energy plc's (LON:HBR) Intrinsic Value Is Potentially 99% Above Its Share Price
Using the 2 Stage Free Cash Flow to Equity, Harbour Energy fair value estimate is UK£5.23
https://uk.sports.yahoo.com/news/harbour-energy-plcs-lon-hbr-095555930.html
Dana Confirms New Hydrocarbon Find in UK North Sea
Dana Petroleum has confirmed a new hydrocarbon discovery in the UK North Sea, in a statement sent to Rigzone.
“Dana Petroleum, as operator, is pleased to confirm the discovery of hydrocarbons within the UK Southern Gas Basin ‘Earn’ prospect that sits immediately to the west of the Tolmount field,” Andrew Jones, the company’s head of communications and stakeholder relations, told Rigzone.
“All components of the petroleum system have been proven by well 42/27-4. The reservoir is gas saturated with thickness and properties within our pre-drill range of expectations,” Jones added.
The Dana Petroleum representative noted that net thickness, quality, and fluid content of the Permian age Leman Sandstone reservoir section have been evaluated using a series of logs, cores, and pressure measurements.
Jones added that Dana Petroleum is now executing a side-track, dubbed 42/27-4Z, “in order to confirm our understanding of the scale of this accumulation and to potentially establish commerciality”.
Dana Petroleum is a 50 percent partner, along with operator Harbour Energy, in the Tolmount Southern North Sea gas development, Dana notes on its website.
Following start up in April 2022, the Tolmount gas field reached plateau rates of around 20,000 barrels of oil equivalent per day, net to Harbour, in June 2022, and cash payback in September, less than six months after first production, Harbour states on its site.
In a release posted on the UK Department for Energy Security and Net Zero website last month, the UK government noted that it backs new oil and gas to safeguard the UK and grow the economy.
“While the government is scaling up homegrown clean energy sources such as offshore wind and nuclear, the UK still relies on oil and gas and this will continue to be the case over the coming decades,” the release said.
“As the government takes forward a pragmatic, proportionate and realistic response to the path to net zero, a key part of this will be maintaining our domestic oil and gas industry which underpins our energy security and boosts the UK economy,” it added.
In that release, the highlighted that the oil and gas industry adds GBP 17 billion ($20.65 billion) annually to the economy, supports around 200,000 jobs, and will provide around GBP 50 billion ($60.75 billion) in tax revenue over the next five years, which it said can be used to support the shift to cleaner forms of energy.
Harbour Energy plc's (LON:HBR) Intrinsic Value Is Potentially 99% Above Its Share Price
Using the 2 Stage Free Cash Flow to Equity, Harbour Energy fair value estimate is UK£5.23
https://uk.sports.yahoo.com/news/harbour-energy-plcs-lon-hbr-095555930.html
Https://www.ft.com/content/e29f4c22-57a3-48c7-826e-210bfabf4334
Metro’s woes bare how current bank rules can distort competition
Challenger banks face disadvantages over calculation of required capital buffers
Change Agenda:
Two key ASOS execs exit the business, one arrives - report
It’s a busy time on the senior jobs front at ASOS. The departure of two directors will see the online fashion retailer reshuffle its product team as part of a wider turnaround programme. Meanwhile, the retailer also has a new lead director of its venture brands.
Menswear product director Stefan Pesticcio is set to exit at the end of the year after 17 years with the retailer, while brands director James Barron will leave at the end of October.
Their replacements have yet to be chosen but will come from within the company, a Retail Week report said. However, sportswear and outdoors director Tim Phipps will manage the global brands in the interim.
Meanwhile, founder and ex-CEO of Mango’s sustainable fashion brand Alter Made Alejandra Mur joined the business as director of Topshop, Topman and venture brands at the end of last month.
Her appointment coincides with Elena Martínez Ortiz’s recent promotion, from womenswear director to senior product director.
An ASOS spokesperson told Retail Week: “This is part of a wider change to our product teams which we’re incredibly excited about.
“Refreshing our leadership team and culture was a core part of the strategy José [Antonio Ramos Calamonte] set out last year and we’ve made these changes to align our organisational structure to our strategic priorities and to support our obsession with speed and execution of our Driving Change agenda.”
Https://ww.fashionnetwork.com/news/Two-key-asos-execs-exit-the-business-one-arrives-report,1565772.html
OK, one last time!
Needless to say here that 75% tax is on “Profits” only, additionally, EPL now has a clearly defined floor for O&G prices while more importantly, company position has moved from one of significant debt to Zero debt in record time, all while paying healthy investor dividends and buying back shares, GL.
OK, one last time!
Needless to say here that 75% tax is on “Profits” only, additionally, EPL now has a clearly defined floor for O&G prices while more importantly, company position has moved from one of significant debt to Zero debt in record time, GL.
“Look at commodity prices and then look how little the SP has moved”
Then maybe it’s time for the SP to move/catch up if this time commodity prices sustainably remain elevated as it seems likely that they will IMO; HBR now has NO debt (and no creditors to force it to hedge at very unfavorable prices), as I said, you can never time entry perfectly but SP is a bargain today, that’s my opinion only and nothing to do with “you lot”, so no need to insult other posters genius whose here on HBR 24/7, lol! BTW, I have no beef with anyone here and certainly don’t plan to continue this discussion any further but will of course continue to post my opinion as will surely do others.
Yeah, oil and gold are both up and bullish with ongoing inflationary outlook, I did say that HBR is cheap (and safe!), you can never time a perfect entry but can build a stake overtime, ATB.
I agree, HL premium was just way too high and somehow market/investors have lost interest overtime, still expensive here for my liking but now on my watchlist, GLA.
Then I must have just bought your shares mate, as I’m now all in @257ish here, given O&G prices and present environment, I think HBR is a big bargain today and can have some very juicy upsides from this SP, I guess we’ll eventually find out!
ASOS plc with ticker (LON:ASC) now has a potential upside of 19.0% according to Barclays.
Barclays set a target price of 445 GBX for the company, which when compared to the ASOS plc share price of 374 GBX at opening today (10/10/2023) indicates a potential upside of 19.0%. Trading has ranged between 320 (52 week low) and 1,015 (52 week high) with an average of 765,840 shares exchanging hands daily. The market capitalisation at the time of writing is £465,619,704.
ASOS Plc is a United Kingdom-based is a global fashion retailer. The Company’s segments include the United Kingdom, Europe, the United States and the Rest of the World. It has approximately 17 brands, including ASOS Design, ASOS Edition, ASOS 4505, ASOS Luxe, As You, Collusion, Reclaimed Vintage, Weekend Collective, Topshop, Topman, Miss Selfridge, HIIT, Dark Future, Unrvlld Spply, Crooked Tongues, Day Social and Actual. The Company sells products across the world and has Websites focusing on the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, the Netherlands, Russia, Sweden, Denmark and Poland. The Company has a warehouse network, which includes over four fulfillment centers and approximately five returns centers. The Company’s local delivery and return options include next-day delivery and same-day delivery, dispatched from state-of-the-art fulfillment centers in the United Kingdom, the United States and Germany.
https://www.***************************/asos-plc-19.0-potential-upside-indicated-by-barclays/4121129068
Bank of England to review how it stress tests banks
LONDON (Reuters) – Britain’s banking system is well capitalised to withstand shocks the Bank of England said on Tuesday, adding that next year’s annual health check of major lenders will dispense with bank-by-bank results while a “stocktake” of stress testing takes place.
The BoE has been testing the resilience of banks such as Barclays, Lloyds, HSBC and NatWest to theoretical shocks annually for about a decade, typically publishing bank-by-bank results that analysts and markets scrutinise for vulnerabilities.
“The UK banking system is well capitalised, supported by strong recent profitability, and has high levels of liquidity,” the BoE’s Financial Policy Committee said in a statement.
Banks continue to have the ability to support households and businesses as they face a cost of living crisis and rising interest rates, the Bank said.
The BoE said that for 2024, its test would be “desk based” meaning banks would give the Bank details of their balance sheets, allowing it to test resilience using several scenarios.
Only aggregate results will be published, as was the case with an emergency “desk-based” stress test during the COVID-19 pandemic.
Stress tests were introduced after the global financial crisis of 2008 to help plug capital gaps, but in recent years, all banks have fared well, making them more of a tool to check for hidden vulnerabilities rather than determinant for capital levels.
Typically, banks are given one adverse scenario to test themselves against and the Bank said it still intends to return to this format in 2025.
In 2024, however, the Bank will “take stock and update” stress testing, looking at whether more banks should be added.
The BoE left its so-called countercyclical capital buffer, built up during steadier times for release in times of stress, at 2%, although some FPC members suggested a case for raising it.
The FPC also noted a wide range of business models among smaller and medium-sized lenders in Britain, adding that “a more challenging environment could affect these business models in different ways”.
The Bank sought this month to find buyers for struggling smaller lender Metro Bank before it announced a 325 million pound ($397.83 million) capital raise and 600 million pound debt refinancing on Sunday.
MTRO now requires a major cost management exercise/revamp here otherwise we’re back to square one!
https://amp.theguardian.com/business/2023/oct/09/metro-bank-costs-rescue-deal-customers-money