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Yes the buybacks are welcome but it still baffles me the low amounts being bought back. i think there is roughly £80MN left of the already approved buyback fund, why not deploy a significant amount of that at current depressed sp?
TheTrotsky, you keep bringing up the discrepancy between DEC in-house plugging costs (~$25K) and third party (~$125K), it's very simple, the $125K wells were horizontal wells which by their very nature cost more to plug. These make up a very small proportion of DEC's portfolio, of which over 90%+ are vertical wells. so can you stop repeating this misconception. DEC's plugging estimates are valid and if anything over time they should be able to drive costs down as NXT LVL ramps up
The committee members are not correct, it is all old allegations that have been rehashed from years ago and have no foundation, nor do they have any power to do anything about it even if they found anything. It's a very obvious short attack, maybe with some very convenient political connections, amazed that anyone is taking it for any more than it is which is just opportunistic shorting. And talk of going to zero is absolutely ridiculous.
The price action here is odd. yes all shares in the sector are down, but this one more than most. given that by some measures this is the most widely bought share in the FTSE (at least by retail), and can't be many sellers down here, the relentless downward pressure suggests some kind of shenanigans. i don't doubt the fundamentals of the company, but if it's what i think is going on, usually is only seen on penny shares on AIM.
Brutal day in markets generally and we were not spared of course. The article about MA is just noise, all life insurers use this and PRA are not proposing to restrict or curtail its use under any circumstance.
In decent companies the directors will put their hand in their pocket to send a signal that the stock is undervalued and that is what has happened here. you have to go back a decade to find when the stock last traded down here and no doubt the fundamentals are much better than they were then
Wow talk about glass half empty. the IFRS17 results literally have no bearing on the running of the business, free cashflow or dividend cover. so i don't see why any savvy investor would care about them. if people are disappointed by them on 28th then it shows they really have no idea how the business works.
They have some historic leased PBSA assets they could sell, i would class those as non-core. or something from the traditional housebuilding side. where are you seeing increased finance cost? your net cash figure doesn't look right either.
i believe under previous "returns of capital" there was the option to receive it as income or capital under a B/C share arrangement, the exact level of taxation of course will depend on your personal circumstances. the details are on their website.
they don't pay dividends but have something else called a capital return plan which is basically the same thing, 110p each year for next 5 years at least.
you think a GM to approve management to issue 500m new shares is good news? not imo...
why is this down so much in last couple of days? no news that i can see?