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While I agree inflation is at all time high and there is an impact on margins and spending however a lot of it must be priced in at current SP. ASOS recently send out a memo to all it's supplier asking for 2% discount if I am correct + slight increase in prices so the net profit should be as per the last update. Russia situation hasn't helped things as 4% of the revenues comes from the region.
Even with the worst case scenarios a lot must be priced in already so hopefully this should start to rise soon......12th April not long now...
why no info on FCF at current Brent?
Genl, GKP, HBR, TLW all provided info on fcf at various Brent level for 2022....AB doesn't want to commit on anything....
I can only assume Bond negotiation still ongoing and Banks want higher interest now....
Knowing AB I would based all my calculations around 45k just to be on the safe side in the event any outage work getting extended.....Even with low production figure the FCF generated will be higher than the current MCAP!....
I reckon market waiting confirmation on production guidance, hedging and bond updates.....As long as there are no surprises we should be getting in the 30's very soon....I hope AB hedges more for 2023 & 2024 taking advantage of the high brent price.
Just want swedish to stop fiddling with the SP on the daily basis...