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aandi
Yes, I agree that the SP ideally needs to be higher before Eqtec starts doing partnership deals but long term it has to be better than continuing to go to investors for cash.

Hopefully the results, that are presumably due this month, will push the SP back positive again, but we certainly cannot rely on that - the macro is giving all growth companies a very hard time at the moment - realistically the SP could be in the mire for a long while yet.

My feeling is that the BOD would probably welcome a takeover from private equity, especially if they could retain their roles in the company.

Clearly there will be a need to keep existing carbon based energy assets online to maintain energy supplies - no argument there.

But, a lot of the renewables technology is now very well advanced and will be making a very significant contribution to European energy supplies by 2030 - probably enough to cancel out the effect of doing without supplies of oil and gas from Russia.

The UK is well ahead of the curve with its offshore wind capacity for example and will be producing more green hydrogen that even the Government expects.

EU countries can expect good supplies of imported green hydrogen by 2030, probably converted into Ammonia, from North Arica and the Middle East that has been manufactured using solar power.

This idea that renewables is a distant dream is just plain wrong, but oil and gas still has a big part to play as part of the mix, as does nuclear, especially when it is locally produced in Europe.

Simms
The third option is probably the most attractive for investors - although it does involve dilution - that is, inward investment by a partner taking a percentage in newly created shares.

Its something that always works well for growth companies - for example Ceres with Bosch and Ocado with Kroger.

The SP usually rises, even though there is dilution, because of the massive positive benefits having a partner creates.

Clearly fuel price inflation has impacted Breedon and is probably the sole reason for the dip in SP this year.

No reason to sell though, this is a great company with excellent management - still a good bet for a long term hold and when the energy market stabilises a strong buy.

The fall in volume and volatility seems to indicted that staying level in the most likely and acceptable outcome.

Sentiment has been badly dented by inflation fears, as we see with Tesco today - very good results but SP down sharply on guidance.
Hopefully M&S can buck the trend, but we have to be realistic.

These analysts need to keep up - things are changing rapidly now - green hydrogen has a major role to play in energy provision as early as 2030.

https://www.supplychainbrain.com/articles/34862-russias-war-supercharges-push-to-make-new-green-fuel

I guess Marshall Wace see MKS as range bound for the foreseeable future and will just follow the small peaks and troughs with their short.

Being realistic they are probably right - 140 to 165p for the rest of the year.

Hello Jimjam
This board is all about the exchange of views - that's the best way to come to valid conclusions - so I will never be offended.

I work in retail myself - in an affluent area that is very fertile ground for M&S and Ocado - its early days, but I think customers are starting to rein in their spending - many have large houses that are expensive to heat, so that doesn't help.

We will have to see how it pans out, so much depends on this wretched war in Ukraine, that has really unbalanced things - I still live in hope of the Russian people getting rid of Putin.

Clearly retail sales are starting to be pulled back by inflation and consumers are starting to cut back on purchasing non essentials and just concentrating on core needs.

I think M&S are better placed than most with their target market of the affluent middle classes and I guess higher earners may take the step down to M&S from Harrods for example, but profits will probably start to fall now as sales fall and margins are eroded. Hopefully, later in the year we would have turned the corner and inflation will start to fall back.

This is from ASOS results this morning -
"Greater risk in H2 than normal as the full impact of recent inflationary pressure on consumers and the potential impact on discretionary spend are yet to be felt"

The good news is that Brent is trending down and could go lower, maybe even $90-95.
A combination of economic woes, Chinese lockdown and US reserves being released, has for the time being tempered demand.
However, when the US stops releasing reserves Brent could rise back well over $100 again - say in June - but that's a long way off and anything could happen in the meantime.

https://dug.com/green-hydrogen-makes-low-carbon-steel-a-reality/#:~:text=Cleaning%20up%20steel.&text=During%20the%20process%2C%20green%20hydrogen,nearly%20emission%2Dfree%20steel%20production.

I remember seeing an interview with Phil Caldwell about two years ago when he predicted that Green Hydrogen would become cost effective by about 2025.

Now that Gas has gone up 450% it seems Phil was right and the tipping point has come even earlier than expected because of the Ukrainian war.

We now need to see some action.

What better starting point would it be for green hydrogen to replace the need for the coal mine planned in Cumbria - Green Hydrogen can be used in steel production - steel production is responsible for 8% of global CO2 emmisions.

https://dug.com/green-hydrogen-makes-low-carbon-steel-a-reality/#:~:text=Cleaning%20up%20steel.&text=During%20the%20process%2C%20green%20hydrogen,nearly%20emission%2Dfree%20steel%20production.

Boris is certainly lacking when it comes to the detail and he is very media led, but he does have very good leadership qualities and he did well leading the country through the early days of Covid, even if he did blot his copybook later.

He is in my view, much better than his two predecessors and I don't see a better option as PM.

A great weekend made even better by seeing Boris Johnson paying a visit to Kyiv and offering the Ukrainian people our full support.

Yes, totally agree Crocqman, this is a great long term investment with plenty on the go.
I just have a modest amount invested in an ISA with two other small caps and will be adding now that we are in the new tax year - its a no brainer with the SP so low at the moment.

Its easy to see the potential here now with global oil demand outstripping supply - Enquest clearly has a chance to clear debt and the SP could easily breach the fabled 60p - but what then?

We have I think the potential for the mother of all oil spikes followed by a very deep dip in oil prices as supply recovers.

The combination of countries looking for energy independence, the rise of renewables and global warming fears will initially stoke supply and then bring demand crashing down as supply outstrips demand, energy alternatives reduce demand for oil and politicians are forced by public opinion to change tack back to saving the planet.

North Sea oil clearly needs oil prices to stay high because of the higher than the global average exploration, extraction and decommissioning costs. So looking past the short term bonanza for North Sea oil, is there a future?

Maybe AB would be better clearing the debts, taking his cut and selling Enquest to the highest bidder at the top of the market later in the year or has he intentions to spend spend spend?

" how do they justify the ones for the CFO? what does he do? "

Think of Boris without Rishi - the country would be bankrupt in no time!

Now this is good news!!!

https://edition.cnn.com/2022/04/07/investing/premarket-stocks-trading/index.html?Type=Store&bt_ee=d0S5HlHAN7fWNA%2Bf2cIPw337EXpP4Gd%2Bq123lG6Njb%2B3i6ZxCQHex7PgcrCxbX%2BD&bt_ts=1649365595360

UK Strawberries 12 months of the year - first crop likely Winter 2023.

This is a significant development, the market for Strawberries in the UK is difficult to supply, even in the summer, especially with the labour problems post Brexit.

Details here -
http://www.fruitnet.com/fpj/article/188014/berry-gardens-in-vertical-farming-trial-with-jfc