Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Sorry, that should say page 33 not 32.
I keep thinking about the paying off debt VS buyback argument. Surely the most financially sound approach given that divis are currently about 4 X higher than the interest on much of the debt would be -
Hold the divi at 17.5c for a couple of years (disconnecting it from FCF)
Use surplus FCF for BBs rather than additional debt repayment, releasing further FCF from the reduced dividend liability, allowing further BBs.
After a couple of years, maybe review the divi rate but generally continue this approach until such time as there is near parity between dividend % rate and interest repayment % rate, then once this exists switch the strategy from BBs to additional debt repayment.
I agree Jim, irrespective of whether or not the company can afford to increase the current divi it's now at such an absurdly high % that it's deterring investors and adversely affecting the SP. However with most of their interest payments fixed at circa 5% vs divis at circa 20% surely BBs are a better option for them as every £ spent reduces annual liability by 20p with a BB VS 5p through interest?
It's odd that SP is about 35% higher in Nigeria than in London. Given that SP is influenced mainly by supply and demand (and sometimes market manipulation) you'd expect Nigerians just to buy London listed stock instead and parity would be maintained, at least approximately? I assume there are no laws in Nigeria to prevent individuals or institutions from owning shares traded on foreign exchanges?
Ukraine's Infrastructure Minister Oleksandr Kubrakov confirmed the incident on social media, adding that the ship was supposed to be transporting iron ore to China.
https://www.bbc.co.uk/news/world-europe-67360440
i agree it's unlikely he would have gone to acapulco. regardless of the hurricane, us state dept advises it's citizens against travel to the state of guerrero. more likely he would have gone to *****ana roo on the gulf coast which is much closer to alabama and is considered much safer.
Hopefully just dotting the I's and crossing the T's on the agreement with their new backer, whoever they are.......
NATURAL GAS NEWS Jun 2, 2023 6:15:am
Great Eastern Energy Corporation (GEECL), an Indian coalbed methane (CBM) producer, plans to invest approximately $700mn over the next few years to increase gas output at its Raniganj (South) block, CEO Prashant Modi tells NGW. “We are going ahead with an efficiency capital expenditure programme in this financial year [FY2024]. This is expected to increase gas production from the existing CBM wells. We plan to further undertake drilling of another 144 CBM wells starting next financial year,” he said. “Thereafter, subject to government approval, the company may undertake d...
https://www.naturalgasworld.com/geecl-to-invest-700mn-to-boost-cbm-output-in-india-interview-105445
Well I hope they can pull it off. I'd be delighted if they re-listed then got taken over at anything >£1 / share
I note that the company's data has now been removed from LSE and there are no results when you insert the name in the company search box. The only way I of returning to this chat appears to be by using the direct link https://www.lse.co.uk/ShareChat.html?ShareTicker=GEEC&share=Great-Eastern
I'd be surprised if they were negotiating a further loan, debt level is already too high. More likely to be further shareholder dilution IMO