Member Info for chilting

Some of the numbers in clothing in particular are not that great but in the circumstances this was expected.
But, the potential for the whole business shines through - once we see the back of the pandemic this business will fly.

Interesting - I wonder if they will use Ocado Solutions for their logistics.

https://www.petgazette.biz/176078-paws-holdings-raises-7m-for-ambitious-growth-plans/

L7
Yes, I noticed all of that - she is certainly now on her way to Singapore and as you say with at least 1000k of Kraken oil.
The load from storage isn't Kraken crude - unless its been in Rotterdam since early Spring - because the Kraken loads from mid April onwards have all gone east.
The rest of the load is probably crude that can be blended with the Kraken crude to make bunkering fuel - I wonder if they can blend it aboard Habrut by simply pumping the crude between different tanks on board the tanker - that might explain why they loaded in the sequence that they did???

romaron
If these loads for Singapore are sold when they reach Singapore it will make a MASSIVE DIFFERENCE to Enquest's finances.
The first load left in mid April, just before Brent dipped to $20, by mid June when it was probably sold Brent had recovered back to around $40.
It could mean that Enquest weren't getting income from Kraken for a couple of months during late Spring but it would also mean that they have unsold Kraken crude from maybe November still to sell as Brent increases in price.

In situations like this, when it is necessary to get the major shareholder on board, there is a tendency to compensate the larger shareholders with extra shares at the expense of the smaller shareholders.
Best to wait on the sidelines until after the fundraise - if it goes ahead.

Yes, you are talking about massive capital expenditure - $791 million is being funded by Norway for 80% of the Northern Lights project for example - but Enquest don't need to get involved in the funding.

Enquest are decommissioning fields and then abandoning them - they have the expertise.

But there is another option instead of decommissioning, use them for carbon capture.

Enquest's role would be to manage the carbon capture fields - a fantastic opportunity without capital outlay.

To say that long term holders are disappointed with the performance of their investment over the last 3 years is probably an understatement, but what can be done about it.

We all know that when Brent rises the SP rises and there is money to be made. But when Brent falls we are back with the same old sluggish monotony.

So, what can be done to improve Enquest's fortunes and push up the SP - the answer as it happens is probably more lucrative than oil, it is carbon capture. There is big money to be made here.

Large companies and Governments are being pushed to reduce carbon emissions, one way of doing that is to capture the emissions and store them underground. The geology under the north sea is perfect for carbon capture and oil installations and pipelines can easily be adapted to handle the process.

So, AB why don't you get in on the action, it would secure the future of the company and make Enquest and much more investable option for all - its the one way we would see the 60p party.

https://uk.reuters.com/article/total-carboncapture/north-sea-could-shift-from-oil-reservoir-to-co2-store-says-total-ceo-idUKKBN28P1UM

Yes, and it seems that their premium products sold well - that bodes very well for M&S's trading update tomorrow.

Yes, this is excellent - much better than I expected this week.

It seems that the only physical asset changing hands will be the stock so the price will probably be fairly low.
So with stock to sell and a good trading name plus a good design team profits should roll in as soon as soon as stock hits the shelves.

It is slowly improving and we could still get the spike back towards 20p but volume still isn't great.
The traders are still more interested in how much 5% of PMO is worth and with Brent rising are pilling in there this morning.

There are basically two current problems.

Lack of cash flow - the loan facility should cover that as long as the current lockdown doesn't carry on for to long.

Write down in value of property portfolio due to pandemic - this has reduced the market cap and could make it more difficult to raise funds if more working capital is needed. Maybe this would make an equity raise more likely and with the SP depressed that could increase the pain of dilution.

Basically - like the rest of us - MAB just need to see the back of the pandemic. At the moment, unfortunately its probably not a buy, but this is a great company and will be an excellent investment when we see the back of the pandemic.

Maybe the following timetable for opening is feasible -
Bristol - February
Andover - May
Purfleet - August.
On the assumption that the same team of senior staff will oversea all three openings and that it will take 3 months to integrate each CFC into the organisation. That would also give adequate time to ramp up for next Christmas.

Very welcome news - the Jaeger brand is an excellent asset - obviously the retail space isn't needed - hopefully the Jaeger creative team is also part of the deal - maybe even Philip Day's daughter.

No definite confirmation - also remember the financial reporting has been out of kilter because of coronavirus.

Regarding Andover.
Ocado said that it would take about a year to rebuild.
Planning permission was granted on 28th Feb 2020.
The developer Glencar had made great progress on 18th May 2020 when the article below was published.

https://glencar.com/great-progress-at-ocado-andover-cfc/

I have to admit that I don't look at the financials that much - apart from dilution - gut instinct, potential, global economy and the market the company is trading in is more important.

shaggers
Just a matter of a week or two???

Saying the SP should rally and it actually rallying are two entirely different things - unfortunately volume is back to its normal dismal level today, so we are back in the doldrums.

Morningstar and IC are good but tend to be very cautious to the point that they become useless.
Fool is beyond contempt.
Use the former as a guide for analysis but make your own decisions.

All I am saying is that the rise in the SP since the beginning of December has been overdone and that the SP could fall back to around the 1000 mark before it continues the long term upward trend.

Also we haven't seen any notifications of major holdings that would indicate that institutions are buying to hold so December's rise is probably just a result of sentiment.