Member Info for Banburyboy

Thunderer - that was me. Crude but certainly not ridiculous.
FCF is a variation of a wide spectrum of company success measures.
Effective tax was 40% before WT and 65% after. So FCF falls by 41% (25/60). So crude but £1.5bn to £1.7bn is £0.9bn to £1bn. On static assumptions.

Granted capital investment gets added back but UK only.
Granted WT only kick in mid May 22
Granted oil and gas doing well.
But on the flip side
Dividends $ 200m and buy backs $200m need adding back and will be subject to WT.
Holding the share and agree this is undervalued but we need to know and probably will find out with results the impact of WT on the sensitivities as its material and will hurt.

Wisco - Bellway update was yesterday when we lost ground.
Something else has moved all House builders up today

I'm all in this share for the Dividend.
TU said 30th June cash was 0.78bn (June 21 - £1.32bn)
A reduction of 0.56bn
They suggested more investment in land £216m more than corresponding period and work in progress as sales lag.
Key number to look out for is work in progress assets £2,815m at 30th June 2021
Anything around £3,375m suggests stable cash generation and dividend for next year.
An early annoucement on dividend (still paid next year but in respect of H1) would really help.
looking forward with a degree of confidence
Banbury

Info a chunk will be paid off but remember more cap ex , buy backs and 5 weeks of 20% of revenue will be set aside for windfall tax. Not deramping - results will be good but they are unlikely to reduce debt at the rate they did in Q1. What I do agree is SP undervalued.

Good start not sure if this is a good or bad thing.

Oil Riches -Apologies thanks for clarification .
What's the chances of two Swindells being involved in AIM oil companies! Good luck to holders today

Swindles was involved in HAWK which went belly up with no return to SHs.
With AIM the risk is a sub optimal deal to SHs but big bucks for the Board.
Brought in at 2.34 and content but just a word of caution re Directors and Board.

Corn - I think your figures are more realistic. There is also the impact of the 20% windfall tax which from late May will put brakes on.
Great progress though $900m of debt eliminated in six months if your estimate is accurate.

Sjm that was very witty. Made me smile

Thanks NewKOTB definitely worth a look and the valuation starts with Five

Reading past RNS.s.
Jan 22 - the Congelese courts awarded RRR $4.5m against our ex JV partner. I'm assuming not enforceable ?
The asset was sold for $20m and the buyer has retained $15m pending arbitration. I guess the fact the buyer has this money is a least a small positive.

Specinvestor - yes me to.
Presumably the process was run by the Congolese Courts or Government - but not sure the Presidancy would be involved.
Helpful may be able to clarify ?

New KTOB
Value your insight but I think the reseach note posted by Toughnut is pretty good. Very clearly presented and balanced. First solid numbers I've seen .

Pearls
Thanks for posting. Great article and sums BJ up perfectly.
Also goes to show how out of touch the members are.
There is no seat in the country Boris could retain so Nardine giving up Bedfordshire would not help.
He's finished. The king is dead long live the King or in this case probably Queen.

Pearls complete nonsense.
The days of Boris winning are in the rear view - most Tories I know (moderates not the aged swivel heads like who choose the leader) consider him contemptible or beneath that.
Tories election prospects far better with any of the two in fact anyone but Boris.
He,s like Trump (not as bad a person) but brings out the opposition like no one else could. Libs / Labour would carve up Tory seats between them with BoJo gone Tories have a fighting chance of avoiding a rout

£3.63 to sell. Whys this so far behind. Why the jump ?

Have done many dummy buys and sells over the years to determine spread.
Five mins solid on H / L 1.41 to sell 1.4 to buy -strange

Wow
My buy in was 2.34 don't oftern have a run

Kurt - the fact Helpful is even posting given his closeness to AB is seriously worrying. Please reccomend this post if you wish to reccomend Helpful moves on from the bulletin board.

Another false dawn.
The fact RRR were negotiating with individualss purporting to be the other party but having no authority is priceless. First even for an AIM listed company to my knowldge. Keystone cops stuff:)