Member Info for Badgernator

They are hedged till the end of 2024. The investment in their solar panels was a shrewd move 15 of their locations have solar.

I don’t think it’s widely appreciated how big Lloyd’s is since the merger with Halifax. They are making billions whilst interest rates have been negligible. With the normalization of interest rates the scale of Lloyd’s profits will become obscene. The biggest problem Lloyds will have is the government doing windfall taxes because it’s an easy political gain.

Even though I’m Talking to myself. I just want to put it out there.
Debt free
Hedged energy costs till 2024
Just bought a Canadian business so now receiving foreign exchange bonus.
And anecdotally the one near me is still very busy.

Oh and they can’t even drill a shallow any more

Lower bopd than we were expecting lower prices than we were expecting and they are buying more of their own crap with our money, great.

Their break even is no more relevant than ours. It’s what another co. would value Casp at which matters. They have gained valuable knowledge regarding the deeps it’s just a matter of wether another competent oil firm thinks they could flow them.

Also if you were thinking of renting Boaty wouldn’t buying all of Caspian be more of a bargain?

Kk what do you think we are being held at 3p. I agree with your reasoning as to to why they aren’t taking us private but I’m at a loss to any other explanation. My biggest fear is them dumping some other asset on us. He played fair with mCboaty but he might figure Caspian owes him. If they do dilute us again to pay for another of his assets I’m out.

It’s all very strange but the sp is being held at 3p. Why?

I’m the current environment that was as good as could be hoped for. Sound business.

One thing I noticed was their energy costs are hedged through to the end of 2024.
With £40 million in the bank, if any hospitality survives I think Hollywood will be one of them.
Things may look bleak at the moment but recessions don’t last forever and by the time the economy has picked up so will the share price, so I’ve been buying and getting ready to hunker down and see out the next few months. The sp may go lower in the short run but This seems a well run business so I’m happy to park my money here.

Thanks for the reply. It just seems that in real terms Lloyd’s will not keep up with inflation.

Lit I understand depositors are getting screwed and the bank makes the difference between the interest it charges and the interest it receives but with inflation above the interest it’s charging why lend when they can get much higher returns with government backed bonds?

Can anyone explain. If inflation is at 10%+ but banks are lending money at 2.5% interest aren’t they in effect losing 8%+ per year? Why not buy inflation linked government bonds and sit on the money?

I’m going to be building a position here. The cost of living crisis is going to hurt disposable income but will people still want to bowl in a few years when the crisis abates? This will be a long term hold for me.

We’re getting the opportunity to get shares for less than Kuat paid, to clear his loan. He could have kept taking the interest, there was no pressure on him to convert the loan. A bet on Casp is a bet on him knowing what he’s doing.

Thanks for the reply tyrannosaurus, I was wondering because I too bought some more. The comms to us pi’s is terrible because the major players don’t care about the current sp or our opinions. They have let the sp slide and create uncertainty but Caspian must be making good money. At some point Kuat and co will want a pay day. That was my reasoning. Eventually, as we’ve been saying for years, they will want sp appreciation.

Do you mind me asking what made you buy?

So we think it’s the same seller? They’ve offloaded quite a lot now. Why would they sell now?

‘ I almost wish for world war 3’

Never felt as much like a mushroom