Member Info for Auson

Martinen,

He was on LPG previously, to be fair it sounds like it must be a massive house. But a new build so not like my draughty old victorian one.

Sunak just announced no bans on Oil and Gas

Romaron,

Guy on LBC right now says his new Mitsubishi 12kw airsource heat pump means his electric bills were £250 per month are now £900 per month for the last year or so.

Martinen,

I think you are probably right in your assumptions/ workings. I might reply to Craig at I.R. with some Swedish selling numbers. but I am not sure the company really believes Swedish de-listing will not hurt the share price.

Just heard back from I.R. apparently the holding in Sweden is 15% ( out of 22% float ) and approx 7.5% is retail.

They also refuted the weak SP as being influenced/ determined by Swedish de-listing. Time will tell I guess.

I think we have had enough volume so far that half of the retail holding for example could have been sold.

Pokerchips,

Yes meaning reduction in headcount will be possible.

Pokerchips,

Not sure I agree with you but if you are correct would SFOR not be more of a bet on Big Tech and the adoption of AI rather than the economy as a whole ?

There is almost no way it is going to finish blue today, much as I would like it too. But I do think it likely the bottom is now well and truly in.

It's always darkest before the dawn.

BrokeNSmoke,

The 500 people 'getting booted' as you put it has already happened. It was last year SFOR had over 9000 due to the acqusistions. All quite normal, although further reduction in headcount might happen.

Mrlong,

Metrobank is a complete non-business, they only make money on safety deposit boxes. Besides wasn't Metrobank founded by a Yorshire Terrier called ' Sir Duffiield' ( not a real Sir unlike Sir Martin )

Nuri123a,

I take it you won't be buying in then ..ever, thank you for taking the time to comment !

Thanks Troajan,

Sorrell usually has his finger on the pulse.

MaryBr190,

Well you got what you hoped for. Haven't been able to double up but I have increased my holding this morning in the mid 70s. I notice WPP lost £176.8 million in market cap this morning whilst we lost £138.74 million

There was also a £1m trade last night. Hard to tell if buys or sells due to price action and trade being after hours.

Its possible some details could be leaked from the update who but knows.

KnowYourCompany,

Thank you for your detailed reply, I just meant how much do winning bidders usually pay for blocks.

KnowYourCompany,

Whats sort of money do these blocks usually go for ?

Hi January24,

I have always thought the Oil price was based on pure speculation which of course is effected by the numbers and demand/ supply. I agree with you $100 would be un-expected and not too sustainable. Do we not think $90 to $95 is a good sweet spot especially for Enquest ?

With the Swedish selling I wonder if the SP would still be in the 14p range even if $100 comes. I think its also likely we could rise to 18,19,20p while Brent retraces to $89- $90 range.

MikeJE,

A good point however we have not had 10 years of 7% inflation to cancel out any compound interest effect. Although inflation cancels out any interest rate benefit for households I don't believe it is the same for governments. The amount Italy owe will increase substantially an that is all that matters.

Hi Martinen,

I think a reasonable assumption is minimum 1/3rd sell out, perhaps in terms of market pricing lets assume 50% sell asap. I make that a total of circa 141.75 million shares.

Since 5th Sept we have seen approx 99.5 million shares traded plus 2.3m so far today.

Stock on loan on Euro clear was recently 4.22% or 79.75 million shares might need to be bought back, obviously now in profit.

At a guess I would say perhaps 70m shares have been sold already.

Martinen,

Thanks for reply, I will see what I can find out re Swedbank's holding. Are you of the opinion that most Swedish holders will just sell ?

Sekforde,

Absolutely agree, the maintaining current production was for me a big one. Also although the few hundred grand is a red herring its the regulatory costs and compliance that I think is the real kicker with keeping the Swedish listing. Does anyone know what the Swedish tax position is on holding over seas stock, I think this could be a problem for many Swedish retail holders. ( Are Swedish retail holders circa 3.3% ? )

I also agree at 13% and the EPL any M&A targets don't look wise to me even if we can benefit from accelerated tax loss usage.

Once we get under 0.5x net debt to EBITDA I wonder if we could refinance at a better rate ? Looks like Harbour for instance definitely could !