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As a former holder here and someone who believes that tidal power has a future , though sadly not with this company in this form, I've scanned back at the cash postion since it became SAE in late 2019. By my reckoning the company has received almost £25 million in cash via rights, placings and loans . Current market cap.£14mill, says it all really .

Update............. I've been checking Shell's day by day stats on this current share buyback and they have taken approx 60 mill shares out of circulation at an average of roughly £15 so they have retired £900 mills worth of shares , ie nearly half the planned expenditure.
Immediate future effect on SP?

Hi all I have held a tangential holding in these via IPO and SUPP and have now bought a chunk to hold directly .Anyone else alert to the prospects here?

Gavster you're probably looking at the RNS of 21 sep, sadly for you prices have risen sharply since then , yesterday RDSB were paying over £16 to buy back.They have been (or rather their broker) has been buying back for about 40 trading days at ~1mill shares per day , during that time the SP has risen from 1400p to 1650p, although obviously other factors are at play.I reckon they are still no more than 30% (£600 mill of shares?) through their planned £2bill buyback program which if they continue , may well be part of the forces driving the SP higher.I do wonder if they may suspend or even abandon the buyback if the SP continues it's upward trajectory , either way , I think the trend is still distinctly upward , you have a tricky decision to make!

I am by nature a cautious investor but have traded a few of these auctions before and the pressure to clinch a deal sometimes drives a price well above expectations, in the case of MRW I suspect that the real estate element of the value is the one which can swing a bid of comfortably in excess of £3.I am also deeply cynical about the binding nature of
" promises " made by prospective owners. As a holder in the 230 price range it's a no lose situation.
GLA

Governments and their appointees now seem to be seeking to legislate for the general public's stupidity/lethargy/inertia, see energy price caps, bank switching rules, BT customer inaction.......It won't end well, there is a degree of personal responsibility in all transactions.

Paul... you are spot on, RR's debt at the end of the 2020 year was £3.6 bill and that will have grown and will still be growing(remember they said cash flow positve sometime in second half 2021 . So currently they will have debts of (my guess) £4.5 - £5.0bill. Using all the cash from recent sales will reduce that by less than half and having debt under control is a pre requisite to financing normal activity, which in RR's case will be significant , most of their business model is up front cost and long term return. I would pencil in no buybacks at least until 2023 similar to the divi policy and for the same reason.

Fleccy I am sure you are right . ISTM that any government anywhere on the planet will regard its domestic internet network as a matter of critical importance , not just in a military sense but for the evolution of warfare in the future -economic, biological,propaganda,media manipulation, misinformation........ The likelihood of openreach being controlled by a non-british entity is vanishingly small.

Busy news weekend for RR
B52 contract worth $2.6 billion over thirty years(I told you they wouldn't get it!!)
ITP sale in doubt( I did say my reading of the Spanish reports was rather more pessimistic than the translation)
ST article suggetsing that Mini Nukes are very much in the governments mind as a part of the CO2 zero effort.
All in all a positve weekend ,the positive news items are much more significant than the negatives BUT the positives are long term the negative is here and now.
SP reaction tomorrow is anyones guess but I will be adding, I hold quite a few at average in the seventies but regardless of short/medium term volatility this SP Is heading north over the next year or two and years are my time horizon not days.

Broadly speaking the other side of a spread bet will adjust for ANY known future action which affeccts the SP . I spent hours on the RR board some months ago trying to convince people that there is NO WAY to profit from an (ex divi ,Rights issue ,share split or consolidation, etc, etc) spread bet against a known event.

Falky What could go wrong...... Emergence of a virulent covid variant ,major accounting error, government windfall tax,sex scandal in the boardroom, flash price crash , fat finger trade by large holder at 4.5p...... all of which could cause a 10p crash in SP and £40k hit for you!

Mr Jim ,I agree that there is a long way to go here , I intend , absent another macro shock, to hold for the indefinite future , to collect a 5% + divi stream and I expect to see a 10% + per annum average SP rise over the next 5(?) years......

Mr jim pedantic I know and not my buy price (nor my sell price-it's not yet reached !)

BUT intraday low 22 Sept 20 23.59
intraday high 25 jul 21 47.22
so someone will be along shortly to tell us they bought and sold at those EXACT times!!!

MR Jim,, if you don't regard a 100% rise in the SP as correcting...........??

Four times as many shares in issue now, pre RI prices are irrelevant.

Mystic a handful of countries operate or could afford nuclear subs, US, UK, France the others are China and Russia neither of which are likely to buy RR powered subs!!

As a long term holder here I've been looking at the implications of the Permian sale , and not just from the point of view of a short-term boost to shareholders.
[All observations below are believed to be accurate but digging in to history is sometimes messy and different sources quote different values so remember that pinch of salt!]
Shell bought into the permian in 2012 by buying approx 620k acres from Chesapeake for $7bill, however within a couple of years they saw a much better deal in BG and pounced( as a BG shareholder I did really well but still think shell got a bargain in acquiring significant gas assets and so it has proved)Shell paid just under £50 bill for BG and part funded that by selling down some permian assets.
As far as I can tell the remainder of those assets , subject to the current deal were LOSS making for Shell over the last two years (and maybe longer) As any oil investee should know, fracking is a grossly inefficient way of oil extraction and involves injecting a continuous stream of money( as well as water and sand).
So,for Shell to have sold the residue of their Permian assets at a price higher than they paid for all of them and getting rid of a loss making investment is pretty good news, it aids in the migration away from more cash-intensive and oil based energy and that probably is being reflected in analysts views which is what , more than the prospect of a special divi, is driving the price higher.
Shell is still on a single figure P/E averaged over the last five years revenues(and prospective revenues), oil consumption is going to be with us for decades, and gas quite probably much longer , the transition to alternative energy has a long, long way to go in the worlds most populous countries and I hold here with no qualms about the future of my investment.

While i Know it won't convince those who don't understand the dictionary definition of "distribution" please see this,

https://www.reuters.com/business/shell-nears-deal-sell-texas-shale-assets-conocophillips-95-bln-wsj-2021-09-20/

and particularly this para.
"Shell will return $7 billion of the proceeds to shareholders as dividends on top of existing commitments, with the rest going to pay down debt, it said. Conoco also announced it would increase quarterly cash payments to shareholders by 7% from Dec. 1.

I really wouldn't count on RR winning the B52 contract, the US is now very much in "manufacture at home" mode and the current incumbents in this deal are Pratt and Whitney, based in Connecticut a Democrat state, RR facility is in Indiana , a Republican state and GE have a number of factories mostly in southern USA, republican territory. So , pork barrel politics being prevalent in the USA, P&W are hot favourites IMV, despite (or perhaps because of) being asked to tender a newer, more modern design than their original offering.RR's best hope is that the contract isn't signed until after the next election , which is very probable ,and a Republican win which is possible, my experince of Military contracts (in my case for IT solutions ) is that they are time consuming and interminably long. my best guess would be that the B52 deal will not be signed for several years and won't be generating profits for whoever wins for almost a decade . Thus , conclusion: irrelevant to the RR share price for a long, long, time and not factored in.

mags.... I can't say I'd noticed your previous posts or implied anything about them . While I invest for the long term , I also try to time my investments to a degree , almost always buying on sharply down days, as my investement aim is, and has been for a couple of decades now to achieve RPI plus 10% per annum(only missed three times in three decades). So a buy on a 3/4/5 % drop, not uncommon even for the FTSE and Nasdaq staples of my folio is a little help towards my annual target. Mind, as we all know a 3/4/5 % drop can be followed by another and another and...!!