Member Info for Banburyboy

Brixton far to right for Liz Truss - are you an Adolf Hitler man . Might only be me but Rees Mogg with a torch should do a good impression.
Truss has two weeks .

Correct onsolid that's my game - but only on Ministerial top up fortunately.

Brixton - balanced middle of road moderate like most of the population. Not unbalanced and closed minds like you. I guess your not brave enough to fight the corner for Truss. Wimp

The press conference was pathetic - serious question is there a single person from the right who frequent here think she should stay ? I don't think one of you are brave enough ?
I'm no Marxist have voted for all three parties but the quicker the Tories sack her better for them and country. Rishi would send the £ up to 1.20

Skier you sound like Donald Trump.
All you have missed is Starma heading up a Pedo ring.
The reality is the vast majority of the UK population are moderate happy with a smaller but better distributed pie and state intervention if it makes sense - sugar tax puplic awareness on energy etc.
The Marxists you talk about are in a minority as are the pro growth bexit at the expense of everything is the best thing ever to happen (it's done but it far from perfect) unyeiding individuals that frequent hete.

Longterminvester
Our stagflation forecast is worse than Germanys
The debate was about whether eu workers had a net contribution to growth. IFS measured it three times and concluded it gave our economy a significant advantage.
We couldhave that back without rejoining the EU.
Some numb skull on here confused a common labour market with unrelated issues about migration

Anthony I would very much like that to be the case. Unfettered EU Labour was a boon to this country and I think its very possible to revert to restoring some of that without rejoining the EU.
The vote as the hardliners on here is done and they are right..
For me the task is less unleashing the benefits of Brexit ( they are dubious) rather balancing the political reality of being out with all the good thing a single market brings. Saying it explicitly is political suicide but having associate membership of the EU would do more for Growth than all this Truss / Kwartong laboratory economics stuff and would be perceived by the markets as doing that.

Gate before you give me a good ****ing call be a socialist etc remember I'm a Tory :)

Gate if they ditch Truss they will have to call another election. Another to familer example of you engaging key pad before brain.
You know I invariably am right so here's what happens next according to those in the know.

1. 22 committe changes rules and have a confidence vote on Truss - she jumps or is pushed.
2. A caretaker is appointed by vote who commits to a further vote in a year and not to participate. Caretaker will act for the good of the country.
3. Caretaker is absolutely key as its a unifier for the dispearte parts of the party.
4. Unifier will resort to standard economic orthodoxy matching tax rises and public spending.
Long way to go for the Tories but ditching Truss and unifying around caretaker principle is seen as there only hope of salvaging something.

Checkin - don't think Bond holders can seize control as its a public offering.
Batfestv take your point on they can't redeem all bonds but with redemption date of May 24 and available cash set aside to redeem surely they should redeem what they can at £85 compared to £100 face value ?
Dianto I think this price is really attractive the only reason I'm not in is tied up .
The sum of the parts valuation is significantly above SP. Its financed until May 26 bond date and when markets improve is worth more than 80p
Many on here think it will go private and the great unknown is at what price .

Based on last RNS Sp now 50% cash probably moving up to 55% fast.

Real shame Batfest and the price of the 2026 bond has collapsed in the last few weeks since the question was posed.
Can't get a quote for 2024 bond £150m but assume discount will be less as closer to maturity. FD should be seriously challenged on 2024 bond as they have said repeatedly they will redeem from cash. If its trading below £80 its £100 which it could be as the interest rate is only 3% it would be criminaly neglect not to pay it now at less than £12m and save interest . Perhaps this is the skeleton in the cupboard re taking Private - benefits of early redemption accrue on ownership transfer to RDH rather than SHs ? And Dianti my cheerless freind before you ask I don't have a holding or a position , I would not know how to short, i do know a bit about the company and I'm just trying to up the debate from insults to shared intelligence. Really tempted at current prices but would need by oilers HBR and SQZ to deliver a big gain first .

Don't think there will be a cash call. Unless it unscrupulously linked to a low ball private offer. But RDH does not seem to be that type of guy.
Interestingly on the Frankfurt market the 2026. 5.5% bonds are trading at £68 as opposed to a face value of £100. If they could miracle up some cash not only would they save 4 years interest = £22 buta £32 headline saving. RDH will be looking at that eyes wide open.

27th Oct ex div 25th Nov payment. Few days !!

Talk on HBR of the above.
Looks a good fit for Serica.
The Tyra field recently reworkefbalone gives them a net 23k BOE per day. With a twenty five year life so huge increase in reserves.
The business is Norwegian owed in Danish waters and has some good forward hedges in at eur 200 + for gas.
I'm unclear how production would be taxed but as its outside UK North Sea it escapes 25%. So maximum UK tax is 40%.
The same could be said of lots of companies but seems a good fit for SQZ

Hi all
Have I missed something or is this all speculation.
Took a quick peep and three things strike me.
1. The Tyra feild is huge 60k boe equivalent a day 36.8% to Noroco. Major workover in 2022 increasing production by 90% with a 25 year life !! Historic production others have looked at might not reflect.
2. Oil hedges in around $65 but some great new gas hedges at $220+
3. It's currently in Danish waters but Norwegian owned. Speculation but production will be taxed by Denmark should we take control and those taxes will be claimed as releif against 40% normal uk rate. With luck earnings will escape 25% windfall unless Denmark has an equivalent. Anyone know ?

Thanks Horse - agreed 59% looks quite good. The SoA late announced cruises Jan - March seemed to be picking up well.
Checkin have you any detail on £100m of disposals ? Your latest post suggests buildings to .
Dianto - I've allways wanted Saga to do well. I would be delighted if it went to £3 tommorrow even if I was out. You have called this right so far, fair enough but you are not the most likable of posters.

I really hope you are right CR888 holders deserve a break.
Interesting in the 2.40 at York there is a horse called SAGA running. That might be a lucky omen

Dianto - I think you are being really harsh. I've posted for years. Hopefully objectively.
And yes certainly I got it hugely wrong for two years. You just seem to upset posters and are attempting the Donald Trump type deflection.

Hi Horse
They did themselves no favours by pulling the SoA 90 day cruise a few months back. In your last detailed update that was a real drag on the overall six months. Any evidence of a pick up on those SoA cruises on your latest data.
Came back in pre results at 1.36. Got out on a spike on results day at 1.17 don't know whether to laugh or cry based on the now !
Still think there is value here but worried about it going private. Whilst I don't think they need a fund raise, could they not take a macheiavellIan postion that a bombed share price resulting from a raise means taking it private is cheaper. If it was not for that real doubt I would be back in.