Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Moy, on the dilution, they have added 140m shares. That was made up of issuing 55m new shares and taking the rest from those held in treasury. Why that particular ratio, and why issue new shares if you can use treasury shares.
Moy, I was just wondering the size of the next buyback. I had $1.5-2.0bn, but who knows.
Circa £400m left of this buyback to spend. I'm a tad surprised how resilient the share price has been since it paused.
That's an old figure. The cash in the bank at the year end will be a lot less. JSE entered 2022 with production of 20,000 boed, it exits with production under 10,000 boed. There is a fair chance when guidance for 2023 is given in the new year the FPSO Ventura will still be shut down, which will make the guidance a lottery. The share price has been grinding higher the last couple of weeks, but management have got to up their game. It's been an annus horribilis for shareholders.
Jtan, you seem to spend all your time on forums saying you don't understand why the share prices of companies you own aren't higher, and why the share price of a company you don't own, isn't lower. In a nutshell, you don't know how to invest. It's painful to read how inept you are.
Not every year is going to be like 2022 for BP shareholders. This year has seen 10% of its shares bought back by the company, a 10% dividend increase, $10bn+ reduction in debt and a noticeable change in sentiment. If 2023 brings a 5-6% buyback program, 5-6% dividend increase, BP keep chipping away at the debt and their are no serious operational mishaps, should see the shares becoming a reliable portfolio performer.
Even before the FPSO incident, the company had performed poorly against its peers. I'm taking nothing for granted, just as likely to get another negative RNS, as the one we're hoping for.
Happydays91, you've posted 5 times to date, and in one of those had to ask what the dividend was. You don't sound that serious an investor to me. Back in at £4.77.
Hello Moy, I'd expect another $500m buyback in Jan 23, like the one in Jan 22, to purchase all the shares issued in the year, maybe that's the logic behind the accelerated buyback. I've been in and out twice here over the last month, and am presently not invested. Sorry to hear about your loss.
Good news, BP bought back 1.1% of its shares in November.
Not so good news, they used 50% of the funds allocated for the buyback. Q3 was a textbook buyback, evenly distributed throughout. At the present spend, it will finish in December, leaving 5+ weeks till Feb 7 results.
It wouldn't surprise me if Sanderson was still in situ, stealing a living when the next World Cup comes round. Gawd knows how many shares will be in circulation by then. I'll have a conservative guess and say 200 billion.
That's debatable, but what isn't, is your inability to continue a thread, that's already started. It's not hard to do, give it a try sometime.
Why do you always start a new thread when you post. It makes the forum disjointed, harder to follow and makes you appear somewhat precious and conceited.
Lots of stock about, someone still selling. I hope it's not DLN again.
Bought £10k@88.
Bought 10k@87.4107.
The elusive CEO is going to be interviewed on the Ian King Business show on Sky News in the next 30 mins.
Bought 10k@92
No it's not, it's £$1.12bn. At $10,000 a tonne, easier to work out, $1.4bn.
Kounrad has always been the star of the show, but Sasa has been a solid performer. Copper looking like it might go on a bit of a run. 10 years left at Kounrad, 14,000 tonnes p/a at a very conservative $8,000 is $1bn.