Member Info for Bladesman

Reported after close. Looking good.

Despite draws reported by the agencies this week. Looking positive

Tex and TR, be patient and you WILL be rewarded. 2020 will be our year !

Let's face it, lth's wont be celebrating until we get a re rate and the SP is well above 1.00 per share. Its on the cards but the wait in excruciatingly long!

re Zama news

This is will be Jan not pre Christmas. Apols for my over exuberant anticipation

Update Pmo.
The answer to this question depends on whether pmo sells the UK entity which owns zama ( a pmo subsidiary) or the asset which may well attract a higher price but would attract Mexican capital gains tax. This will not be known until until all bids are in and evaluated post 6 dec. Look for news pre Christmas.

What is known is there has been considerable interest from the market in the sale hence the extended deadline to evaluate them all.
PMO did quote 4bn of tax losses though that can be used against future UK corporation tax charges.
Hope his helps

Morning All, The UK has a tax treaty agreed with Mexico which means companies who operate and invest in both jurisdictions, eg noth Sea and gulf of Mexico, pay tax in only one place. In pmo's case mostly likely UK. It is also possible under UK tax laws, PMO can utilise previous year's tax losses against future profits. If this were possible that would extremely beneficial. I'll ask PMO to confirm this possibility and report back if not flouting any fca reporting regs.

Thanks Manics. This is supported by the reuters article https://www.reuters.com/article/us-imo-shipping-usa-refiners-idUSKCN1TB2CJ
Better Brent prices in Q4 of this year. Cheers

Thank TR. I'm going to check tax status of zama sale proceeds ie whether previous tax losses can be utilised on sale profit . On hols at present back on Wed. Cheers

Maybe but best to check with IR at PMO. I'll ask and post the answer. gla.

Grippa, I do believe that pmo has substantial tax losses from previous years that can be used to offset against future profits, including sales of assets. Thereby increasing the value of the sale (and profits) even further. Those with better understanding of finance rules can verify. I wonder if those that value the pmo sp (or under value) pmo are aware ?

Thank you Jonny for the post re the momentum article. It is very reassuring as a long term shareholder that my patience, and that of many others, may well yet be rewarded handsomely. I look forward to the realisation on pmo's true value in 2020 at or above 150p. Gla PMO lth's.

Whilst its tempting to criticise GS and their tactics/morals, after all they are conducting themselves in a way allowed by the market.

What we need is PMO BoD to have an effective strategy to deal with this practice for the benefit of LTH's of PMO stock . For the life of me, I have no idea whether they are even concerned never mind have a plan .

Excellent news re BG. . If PMO can add some more long term II holders, then we are all set fair

One would think that if PMO execs are drumming up support amongst II's in the US, (whom we must assume are very knowledgeable about how markets operate and know that PMO is significant shorted) that they should have thought through this problem and have a good answer to it. If they do have a good answer, it would be great to know what that is ! Otherwise, why would an II invest in a heavily shorted stock ?

I hear this statement on the board a lot "GS Manipulating the SP". No one ever explains exactly how this alleged manipulation process works. Does anyone know, in which case Id be very interested to read, or its just a way of deflecting blame for making a bad stock selection decision onto someone else ?

This week would be nice and possible

But they can't hold it down forever given the inexorable improvement in the fundamentals. At some point there will be a break through, it's case of when, not if.

I don't believe that day (PI) traders can keep the SP down to the extent it is suppressed far below its true value. Forces far larger are at work , nothing to do with it being a Friday imo.

Last Friday ( before the KSA/Aramco attack) :-
PMO closed at 85.28 and Brent closed at 59.71
Now: PMO is 88.72 and Brent 64.03 ie up $4 !
C'mon PMO you can do better than that ?!