Member Info for ALGU

RKH awarded compensation of EUR 190mm + interest since 2016 for breach of italian government's obligations.

This sets a huge precedent for other EU countries where governments hamper companies, could have big repercussions for PVR/LOGP

RKH awarded compensation of EUR 190mm + interest since 2016 for breach of italian government's obligations.

This sets a huge precedent for other EU countries where governments hamper companies, could have big repercussions for PVR/LOGP

Welcome summary by the board: "Despite the well-publicised concerns about the macro-environment, demand for our products remains robust with client registration of interest lists continuing to extend."

Most current trading updates from other companies only highlight the doom and gloom of slowdown, inflation etc and how it's affecting their business. Not WOSG, which seems to be a hedge against that sentiment and poor performance, let's hope the SP starts to reflects that.

It would also be quite telling if it's a buy!

A return to good sentiment in the SP in recent days. Farm out may not be announced during the summer so perhaps it's people getting in on the basis something may come once parties return to work September/end of Q3

Agreed. As i like to mention on here from time to time, BLVN's share continues to be valued at virtually nothing, basically due to the delays and uncertainty around the project. But a few years ago, the other half of BLVN's share they didn't hold on to was farmed out for $200m, which using even the most rudimentary arbitrage is about 15x our market cap today. Perenco's move has now added some certainty back into the project, roll on a closing of that value gap...

Perenco would never have bought in if this was a dead duck. Hence, there must be some value to BLVN too. The key is getting that FID payment over the line. From there, the future looks quite rosy

Anything that mildly misses forecasts or even just points out the bleeding obvious that the current macro outlook isn't great gets hammered in this climate. Strong fundamentals don't seem to be a defence. Frustrating, but volatility creates long term buying opportunities

MCAP only £6 million

probably for the same reason that it was oversold from highs of 310p a few weeks ago based on no news but downwards market sentiment. And if anything the realisation that we're nearer to a potential farm out deal materialising with the SP having drifted back in the interim.

The FEVR valuation has always been a discussion point. I first bought in 2016 at c.500p when a lot of people were saying it was far too expensive, it then went on to almost 4000p. Clearly the story's changed and growth has slowed, margins are tighter with inflation and costs increases. The valuation conversation will likely continue forever. Inflation will no doubt create volatility in the short term. But FEVR has always seemed to be a well run company with no debt and cash generative. The brand is strong and still defines the premium mixer category. However good Schweppes' premium products are or become, i just can't see a brand reversal. Short term there are challenges, but long term I like FEVR. All IMHO.

Although it doesn't look like the windfall tax will adversely affect JOG - if anything it may be a positive for the investment in the GBA - it was nonetheless a distraction going on in the background. Now that it's been passed hopefully that's a distraction out of the way and the farm-in parties can put it behind them and focus on finalising the deal

Same here

When this delisted a year ago the price of brent was $75, today it's $104, a rise of c.40%. So based on that alone the SP here should be sitting nearer to c.56p. And that's without any of the impact of the transaction factored in.

The price spiked this morning to the mid 50s and has dropped back completely, presumably investors locked in for the last year have decided to cash in their chips and not wait for a further rise, but hopefully true value gets recognised soon. No doubt those sitting on the sidelines who have seen the IC article tip to 82p may see this as a buying opp given this morning's retrace

What price will this be at when restoration occurs? Surely much higher than 39p.

* NewAge's share

I wonder if the price paid for NewAge's by Perenco will end up in the public domain. The % share they are buying is i recall pretty much the same % at BLVN's share of Etinde. So if that price gets released i wonder if it could put a rocket under BLVN as some indicator of the true value here. Given the delays in recent years, BLVN's share continues to be valued at virtually nothing - while it's worth remembering that a few years ago the other half of BLVN's share they didn't hold on to was farmed out for $200m.

Would be great to get past 300p this afternoon - looks like it may - and then consolidate above that tomorrow, ahead of the weekend.

Thanks Alsoppc, makes sense. Hopefully any prospective investor in JOG will see longer term than 2025, once JOG's revenues are on stream, when with any luck the levy will have ceased.

Alsoppc, when you say your worry is big oil instead of having their hand forced to invest will just pull out and invest instead somewhere less hostile to oilcos, what would be the benefit to these companies (presumably the windfall tax is applicable to UK/HMRC taxable companies)? For the likes of BP, Shell etc, if they took their investment elsewhere (outside the UK) they would still have to pay windfall on their overall profits even if those profits derived from elsewhere. From what I can see this tax is on all profits, not UK profits alone. They wouldn't be able to offset that foreign investment against their UK windfall tax. Whereas, if they invested in the UK they would. For that reason the risk of UK companies pulling out and investing overseas doesn't seem likely to me, but I'm no tax lawyer and this is just high level thinking and welcome thoughts.