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This looks like trolling at a very weird level.
Axa possibly? But who is buying?
Interesting!
The Board is aware of the significant discount that the Company's shares trade at relative to its net asset value (NAV) per share, despite the strong operational and financial momentum of the business.
The Board regularly reviews capital allocation to optimise long-term returns for shareholders; reflecting this Wentworth has increased its interim dividend by 10% compared with 2020 and anticipates growth in the final dividend in respect of the year ended 31 December 2021. Given the wide discount referred to above, the Board believes that share buybacks are also an appropriate means of returning value, whilst maximising sustainable long term growth for shareholders, given the enhancement to NAV, earnings and dividends per share that will result from reducing the number of shares in issue.
Accordingly, the Company today announces the commencement of the Programme, for the repurchase of its ordinary shares of up to a total value of £2.0 million. Subject to certain restrictions, the Programme is being made available to eligible shareholders who are on the Company's register of members at 6pm (UK time) on 16 December 2021. The Programme is expected to continue until the start of the Company's 2022 Annual General Meeting, which is expected to be held in June 2022. If shares are available at a discount, the Company may opportunistically look to acquire them, in order to achieve the objectives of the Programme.
OMG....
obviously somebody is exposed to brain drain as well.
So you can still read om Xtranvestor, just not write?
Maybe good for business in the short run, most likely not in the long run.
...and "speeding up" Kinyerezi I expension, which was supposed to be 95% 2,5 years ago....give me a break :-)
Have you considered that they might plan to operate something in the near future?
https://twitter.com/OilGasTracker/status/1451074985880137729
Fixed.
Mnazi Bay field is said to have resources up to 5 TCF. (https://www.tpdc.co.tz/wp-content/uploads/2015/04/OIL-and-GAS-EXPLORATION.pdf)
There are drilling plans, but there need at least to be a renewed PSA first. There are several very interesting prospects, where WEN has 40% exploration equity.
https://wp-wentworth-2020.s3.eu-west-2.amazonaws.com/media/2020/11/19095819/180716-Wentworth-Corporate-Presentation-July-2018-v9-Final-revised.pdf
Astrol. Yours writings looks very similar with the person who was finally kicked out of XI forum, after treats and name calling to critical WEN owners and a message to admin that "I know a torpedo who owes me some services".
Also same behavior at Hegnar forum couple of years ago.
Sounds familiar?
Even though I dont share the same negative views as mick here, I find your writings pretty weird, astrol.
Why shouldnt it, as an owner, to be critical to the administration of your investment? Thats just a crazy thing to ask about his "agenda". As far as I know, mick is a million+ shareholder. Who are you to ask him to shut up?
What do "70000" refer to?
WEN produce natural gas, not oil.
They get paid USD 3.24 per MMBtu in 2021 for gas sold to TPDC. Around 5 USD for gas sold to Tanesco.
Turns out that it was the biggest owner, Substainable Capital that sold 55% of their shares on Wednesday..
In a "normal" share this would lead to a big drop in SP. What will happen in WEN?
Sorry for Norwegian auto-correct by the way...:-) Almost 9.6 million shares changed owner, it should be.
23.5 p is not bad isolated for 9.6 million shares. However, far from what he has before regarding the "real" value.
Almost 9.6 million svares changed penger om Wednesday. How come no RNS regarding this?
Can this be considered as the government has (finally) started to distance themselves from the Stiegler project?
Hopefully cancelled within reasonable tim?