Member Info for Ammu123

117
103 next

Hi Kitty,
Thanks. What’s the debt/ liability like ?

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020

· Continuing to safely execute our projects and operations worldwide

· On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021

· Trading and awards materially impacted by COVID-19 and the sharp fall in

· Reported net loss (2) of US$78 million

· New order intake (3) of US$1.0 billion year to date

· Net debt (4) of US$29 million at 30 June 2020

· Announcing net zero emissions target and 30% gender diversity target by 2030

This is hilarious....

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020

· Continuing to safely execute our projects and operations worldwide

· On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021

· Trading and awards materially impacted by COVID-19 and the sharp fall in oil and

· Reported net loss (2) of US$78 million

· New order intake (3) of US$1.0 billion year to date

· Net debt (4) of US$29 million at 30 June 2020

· Announcing net zero emissions target and 30% gender diversity target by 2030

Oh so BP did a trading update and it was badddd
Why is Petrofac down ??

Totally agree ironhide....

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020

· Continuing to safely execute our projects and operations worldwide

· On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021

· Trading and awards materially impacted by COVID-19 and the sharp fall in oil price

· Reported net loss (2) of US$78 million

· New order intake (3) of US$1.0 billion year to date

· Net debt (4) of US$29 million at 30 June 2020

· Announcing net zero emissions target and 30% gender diversity target by 2030

23p target ?

But yeah let’s blame it on the shorters!!
Nothing to do with the 100m ++ loss to be reported lol...

But yeah everything is fine and let’s blame it on the shorters lol..

Group trading

Financial performance in the second half of 2020 has continued to be impacted by COVID-19. In addition, lower oil prices coupled with the uncertain near-term outlook have resulted in a wide-ranging delay in the award of new projects across the industry as well as in a more challenging commercial backdrop. As a result, management continues to expect to report lower Group revenue of approximately US$4.0 billion and full-year profitability materially lower than in 2019. The Group also remains on track to reduce gross overhead and project support costs by at least US$125 million in 2020 (2).



Looking forward, it remains unclear how long business activity in our industry will be impacted by market conditions. Low order intake over recent years will result in a decline in revenue next year. The Group has therefore announced a further set of measures to right-size the organisation. These will result in total estimated gross savings of US$250 million in 2021, which will seek to protect the business from lower revenues and ongoing pressures on margins. These actions will also create a leaner, more competitive business whilst preserving our core capabilities.

Back to 103 ?

Is happening?
Back to 103 ?

COVID CORPORATE FINANCING FACILITY

Petrofac has today issued GBP300 million in commercial paper with a maturity of 12 months under the Covid Corporate
Financing Facility, the maximum amount it is eligible to issue under this facility.


ENDS

Centrica PLC Trading Update
14/01/2021 7:00am
UK Regulatory (RNS & others)

TIDMCNA

RNS Number : 6072L

Centrica PLC

14 January 2021

We currently expect to report 2020 full year adjusted earnings per share from continuing and discontinued operations(1) ahead of current market consensus(2) . 2020 closing Group net debt is expected to be approximately GBP2.8bn, a reduction of over 10% in the year. This is before including net proceeds of GBP2.7bn from the sale of Direct Energy (which closed on 5 January 2021), the bulk of which will be used to reduce net debt and make a contribution to the Group's defined benefit pension schemes.

The Company is due to release its 2020 Preliminary Results on 25 February 2021.

But you just did lol....

RESULTS FOR THE SIX MONTHSED 30 JUNE 2020

-- Continuing to safely execute our projects and operations worldwide
-- On track to deliver US$125 million of cost savings in 2020 and up to US$200 million in 2021
-- Trading and awards materially impacted by COVID-19 and the sharp fall in oil and gas prices

-- Reported net loss (2) of US$78 million
-- New order intake (3) of US$1.0 billion year to date
-- Net debt (4) of US$29 million at 30 June 2020
-- Announcing net zero emissions target and 30% gender diversi

Anyone who knows me know I never short...

800m penalty?
How will that be funded ?