Member Info for Ammu123

Thames Water has named its partner contractors for the first two lots in its £2.6bn AMP7 capital work programme.
Barhale @Barhaleltd , Galliford Try @gallifordtry and Kier @kierconstruct have secured places on both lots covering the whole Thames area. ????????

Current mcap is a joke.
Markets is not helping the sp but should recover soon to 170-180 region.

another 42% today?

There is no guarantee.
How many times we’ve seen shares going below it’s placing value.

Manipulation or 30p shares been sold whilst in profit.
I did say that last week and got told of...

Bfath hurry up you won’t have a lot to ‘pile in’ after your entry in Aston Martin at 50p lol.....

UT

Current sp is a joke when you take into consideration the cash position, the industry and no debt.
I do know margins are low however this shouldn’t be sub 200p.

This is going to 30p....unfortunately

Never mind just seen the article.

Pmo go back to BP and get a better deal as with current poo it looks like an expensive purchase.
Aramco going back to Sabic deal to see if they can get it cheaper.

I’ve seen your posts on tlw too.
Don’t get me started lol

Looking for a trade but at current sp...
Why should I pay in the 40’s when placing shares was at 30p and been sold for a profit ?

Yes I am a very worried shorter....lol

They will keep selling as long as the sp is above 30p....

Will this be RNS?

Yes that’s an important point I missed thanks Jan.
He and his fund has actually bought milllions worth...
let’s hope for a better week ahead as we need to break this 12p ASAP.

Hi Jan,
I’ve only recently been converted to enquest from pmo and this is mainly due to recent changes. Pmo with its potential acquisition which would result in most likely dilution for existing shareholders. Since I am not sure what sp the dilution will occur I am staying away.
Enquest with its recent Capex cut and closure of the old fields has resulted in massive saving and reduction of fcf to 25.
Both tlw and pmo has a higher fcf this year of around 35 hence medium term enquest is a better buy.
This is all IMO and many obviously could disagree....

“We have to prepare for the worst and hope for the best. If prices come back to $50 or $40 , which I do feel they will, we will have fantastic cash flows."

Hitman1a,
You need to remember big companies like shell, bp, total have a higher fcf than enquest so need oil in the region of 50-60. Even if Brent stays at 40-45 we should be making decent fcf...
Pmo & tullow fcf is about 35 for remainder of the year with hedges and ours is 25.....
With current Brent sp should be in the region of 14-15p.