Member Info for Badgernator

Nothing seems to help the sp here. On the plays side I’m adding monthly and have a fair chunk in here now. I just wonder what the catalyst will be to get a rerating.

Simple answer finish any well

Hopefully, more bang for the buyback! I don’t believe UK banks are getting any credit for how strong they are. The stress tests they pass are Armageddon stuff. When they sail through this interest rate cycle I think it will become apparent they are cash cows and our biggest worry will be windfall taxes.

So a5 just needs a 400m side track. How long ago was the 3000+ bopd? So they could potentially double the current output yet have done nothing for years? It’s so bad it’s hardly believeable.

Uncertain in that case it makes paying a dividend even more ludicrous.

We all wanted clarity and its clear the bod are incompetent. Anyone attend GM? Hopefully they got told.

the buyback is essentially existing owners increasing their ownership of the company, because now the cake is getting shared fewer ways. you now own a larger percentage of lloyd’s. the cancelled shares no longer get their divi. either one of two things happen, either the sp rises until the board decides not to do buy backs or if we’re lucky the sp stays on its ****, they carry on with these buy backs and in a few years your divi will be multiples of what it is now. think of it like compounding.

IMO. Buy backs are purely away of avoiding political flak for rip off banks profiteering. I too would prefer a bigger dividend but if it avoids bad headlines then it’s a price I think is worth paying.

Has anyone watched’ how I met your mother’ Clive is a fat Barney, he’s obviously paid to just sign things and hasn’t got a clue what is happening at Caspian. He can’t even rns changes to the board. Shows how toothless the regulators are . If this comes good it will have absolutely nothing to do with Clive.

Didn’t the Al Marri take a loss? I thought they bought for 4.4p

It’s all very shady but it’s chicken feed numbers, if Putin hadn’t gone mad Caspian would be drowning in cash. We’ve had a relief rally today but this is all about 802 now. Even at current production the numbers look healthy if they can get production up the future is incredibly rosy.

Banks aren’t here to support people. If you are unhappy with your bank change banks if you think your saving rate is too low move your money. Personal responsibility has gone out the window. Some people think it’s the governments job to hold their hand.

When do we think we will resume trading? Clive thinks this week so I’m going with next Monday.

When did profit become a dirty word? Every company should make as much as it can it’s called capitalism. No one is forced to shop at tesco as long as the market it functioning properly then the good businesses make good profits. A lot of people in the Uk seem to resent any company that does well.

Any one else visualizing billy bunter furiously scribbling his homework?

Maybe the settlement is to put off a the ambulance chasers? If it’s not a lot then the rest won’t take these cases knowing there is no big mega money payday at the end.

That’s the question am I wrong or is the market?

The whole point in investing is seeing where the market is incorrectly valuing a company and then buying. I believe this is such a case, this is now my largest holding, and I will keep buying if it goes even lower. With a healthy dividend I hope this stays down so I can acquire more.

What more could you ask for? Well run company

If the dividend is cancelled some serious questions need to be answered regarding the competency of the management.

I avoid promoting Caspian on social media because of situations like this. How can you have faith in what a company says if it can’t even complete its stated dividend policy? Some may say unexpected costs have arisen. I would reply they in no way should have been relying on 802 given their past success rates with deeps.