RE: William Hill new rfinancial controller04 Apr 2020 10:33
virtual reality grand national 17.00 itv interesting all proceeds going to nhs this should get a nice bit of press towards bookies instead of the usual hostile stuff. we should all pick a horse on here bit of fun and helps nhs in process. mine is (beware of the bear) very apt for current market conditions.
RE: William Hill new rfinancial controller03 Apr 2020 20:48
ahha! the way i see it is your biggest gamble is the debt burden if they can survive wmh will end up being one of your best long term income stocks. my investment thesis has not changed 400p 2-3 years paying a 16p divi? beyond this i see wmh UK and wmh US being split and you will own both because of the premium to split. this is not ramping it is why i invested in the first place most uk investors are overlooking wmh progress in the states because the UK government has been very negative towards bookies but the yanks welcome us with open arms. wait until wmh inc has a bigger market cap than wmh UK. oh and your other biggest threat is betfred making a low ball offer. if you think i am delusional only time will tell but this is all the basis of my investment good luck
i see trump was up to he's market manipulation tricks on oil again with he's twitter he must be panicking for re election. stats show no president has been re elected when there's been a market crash on there watch.
it was meant as a broad picture of what could be yet to come not specific to bp in fact it's not specific to any one company. i just see more down side for the entire market the thing is we are in q1 earnings the impact of covid did not really show up from a financial point of view q2 will be a different story.
wolf the oil price will sure help but can you see any company's putting money into new projects i can't. the backlog will shrink. bp just withdrew 4billion worth of investment and more will follow i could be wrong but i just can't see easy ride from here.
never did get why investors think shorts will close out before a dividend i will never forget direct line years ago paid a divi of about 10p and went down 80p after a short attack that caught a few of guard.
DUBAI, April 2 (Reuters) – Oilfield services provider Petrofac is launching a redundancy programme that it expects will end up reducing staff numbers by 20% as it seeks to cope with plunging oil prices, according to a source and an internal email seen by Reuters.
The Britain-based company, which said redundancies would be voluntary but could become compulsory if not enough people took up the offer, said it might also consider reducing base salaries by at least 10% for many employees.
"The oil price slump can be expected to have a considerable impact on demand for our services in the short and medium term," Petrofac Group Chief Executive Ayman Asfari wrote in the email sent to staff on Thursday.
"We must act immediately and decisively to protect the future of our business," he wrote.
A source confirmed the content.
Petrofac, which designs, builds and operates oil and gas facilities, offered no immediate comment but said it would respond later on Thursday.
Brent crude lost about two-thirds of its value in the first quarter as demand plummeted due to measures to halt the spread of coronavirus and as Saudi Arabia and Russia battled for market share, pumping extra oil into an oversupplied market.
Other energy industry companies have been announcing a range of measures to deal with downturn, including major cost cuts.
The chief executive said the voluntary redundancy programme would be offered to employees for two weeks but said the company could consider compulsory layoffs after that period.
The company also planned a 50% reduction in its planned capital expenditure, Asfari wrote.
Petrofac "is likely to have to consider a reduction in the base salaries and allowances of at least 10% for many employees," the chief executive wrote.
The company was also exploring options to use government support to pay employees in countries where a programme had been put in place, he added.
i beg to differ wg is up 12% and most of that is due to there update true they have different setups but same industry what's the point of paying a dividend and the share price drops more than the divi due to the fact that key investors find it irresponsible to pay it. wait until the cracks start to really show in the economy then you will see how important it is for company's to have a good cash buffer.
ok that just made it harder so am i thinking correct that our investment in invinity is running at a lose we have 302,978,063 at a 1.65p share price a lose of 2.5m on the 5m investment i may of got this wrong so all input welcome.
this it what i would expect from us! Wood Group (John)plc - Covid-19 Update, Final Dividend And Agm Wood Plc - Actions Taken In Response To Covid-19, Withdrawal Of Final Dividend Recommendation And Postponement Of Agm Wood Plc - Entered 2020 With A Strong Balance Sheet Foundation With C$1.4bn Of Headroom Against Our Debt Facilities Wood Plc - Board, Executive Directors And Senior Leaders Have Elected To Take A Voluntary, Temporary 10% Reduction In Base Salary Wood Plc - Additional Group Of Employees Is Also Being Asked To Take A Reduction In Base Salary Wood Plc - Anticipate That Salary Reductions Will Generate Overhead Savings In 2020 Of C$40m Wood Plc - Employee Reductions Are Also Being Made In Certain Areas Reflecting Reduction In Operational Activity Wood Plc - Taken Decision To Pause Implementation Of Erp System, Other Discretionary Capex Expected To Generate A C$20 - 25m Reduction In 2020 Capex Wood Plc - Considers It Prudent And Appropriate To Withdraw Final Dividend Recommendation
we have USA jobless claims at at 13.30 so i have took this rise in pfc to sell some of i just can't see these numbers being pretty that being said the dow went up last time bizarre. lets hope pfc stays positive to oil rise today.