Member Info for Charlie156

Bob, will you stop boring the pants off everyone. I can't describe the deflation, when I come on here and see there are 4 posts, only to find 3 of them are from you.

Geopolitical risks have always been a part of investing in CAML, and the higher dividend was needed to attract investors, but the SP is in irrational territory.

Finance costs were circa $40m in 24, so rapid deleveraging of the balance sheet is key, which needs Akatara to have minimal downtime. Stag is a basket case, and needs to be addressed. Montana's opex in 25 should reduce from $60 a barrel, but in this price environment will not be coining it. The rest of the portfolio is in reasonable shape, is the new unproven management team and in particular the recently appointed CFO, with the dodgy CV, fit for purpose.

Moy, BP said there will be a $1.75bn buyback carried out before reporting Q1 25 results, and at the CMD on Feb 26 will reveal their buyback plans for FY 25. Buybacks can only happen if the SP is not more than 5% above the average SP of the previous 5 days trading. The SP jumped 7% on Monday, so they weren't able to buy shares yesterday, but will be able to today.

I do not understand the downgrade by Canaccord, does anyone know the reasons put forward. For the first 6 weeks of 25, CAML's metal prices are substantially ahead of the same period in 24, as well as their cost base reduced by circa 10% due to dollar strength against the tenge/dollar, with a jump in net cash held at the year end to boot.

All before 12 today, as you predicted? I know you're an idiot, but there will be people here who unbelievably might give your posts some credence.

In the US, the pre market is showing BP shares up 6.4%, in line with here.

That's this buyback completed. 343.4m shares bought at an average of £4.046. Added to the previous quarter's buyback of 375.3m shares@£4.154, totals 718.7m shares@£4.102 average, a 4.5% reduction in the share capital over the last 6 months. There were 232.6m shares added in Dec 24.

I have no idea what will be said about buybacks tomorrow. The market is telling MA, that it prefers debt reduction over buybacks, and with the share price jump today I'm inclined to agree.

The market wants to know the year end cash position, more details on Akatara production and what the plan is for Stag. Opex costs for Stag were $75 a barrel in 2024 @2500bpd. Production was circa 2000bpd, they've deferred the infill planned for 2025 because the numbers don't work, so what's the plan?

You ain't going to get a stonking set of numbers from JSE for H2 24, for starters. Production up, oil price down, CWLH final payment offset by start of sporadic Akatara revenue. The market wants to see the debt paid down and no dramas. Less of the daily nonsense from our resident drama queen would also help.

Moy, on the present buyback they've acquired 220.2m shares at an average of 3.933 pounds. That leaves circa 500m sterling to spend over the next 18 business days, roughly 28 per day.

I'd long ago given up on Ms Thomson making a meaningful share purchase. From what I've heard of her on the results calls, she was lucky to get the job. Steady at best, BP could and should have done better.

JSE market cap 135m pounds, net debt $95m(Aug 24). PTAL m/c 350 pounds, cash in bank $115m(Dec 24). PTAL are making profits, paying a sustainable double digit dividend and have a world class CEO. JSE have yet to show they can make a return on their assets, have an unproven new management team in place and for the last 2.5 years have lost the confidence of the market through abject mismanagement. On that basis, PTAL are cheap in comparison, but as a JSE shareholder I continue to forlornly in hope.

30.6.23-$50.6m.

31.12.23-$57.2m.

30.6.24-$56.4m.

31.12.24-$67.6m.

Expecting news on results or before of plans to make a sizeable dent in the net debt figure. MA has shown his instinct for self preservation is high, and just as he listened to the market regarding renewables, I expect he's listened to the market regarding BP's debt.

Counting down from 3 to 1 is to date the only evidence you've shown of any mathematical skills.

Just been looking at the business BP acquired in May 2023 for $1.3bn. They continue to open new units, operate in 44 states, have 34 alone in Texas, and are on course for an EBITDA in 25 of $800m. They have a comprehensive highway offering for all road users, but what I didn't know is they also have casinos on site. Thanks to meoryou for all the informative articles posted throughout the year.

If such a letter is written at the end of H1 25 and H2 25, the share price and market will respond positively, unlike today's indifference. While present shareholders are encouraged, new investors continue to shun the company. The only part of the portfolio not mentioned was Stag, which has become the problem child for JSE.

Based on November's numbers, which were partially affected by river levels, I was expecting stronger Dec figures, looks like even beating the Nov data will be tight. Manolo said they'd update the market after 30 days of production from well 21, which hasn't happened. At some point in 25 the market will look ahead to all the investment Ptal has made, that will benefit its shareholders.

Roxi, I'll be investing my BP dividend in Ptal tomorrow. 25 could be a tricky year for the sector, but I have the time and resources to wait. Try not to be a bigger tool next year.