Member Info for chinch

If you look at what is happening in Italy, France and Spain 12 weeks seems way too short. Have a look at Sky News and the article they have done in an Italian hospital - frightening

As an insurance broker closing businesses would not result in an insurance claim. The only way an insurance policy would respond is if it is covered in the policy. Unfortunately after the SARS outbreak in 2003 95% of insurers pulled the cover back to only include specified diseases such as mumps, chicken pox and others that could be dealt with fairly quickly. It’s been so badly reported in the media (no surprise) and what this pandemic is doing is creating fear and fake news.

We’re still a long way to be out of the woods yet with this virus and things could get very ugly. IMO the numbers we see look to be the ones in hospital as they are tested, others have it but are not tested and just stay at home. The numbers I’m sure are far higher and that’s why the government is throwing everything at this crisis because they know the severe implications financially.

Finally and imo this loan deal could be not as good as everyone thinks. I‘ve seen clients leverage to the hilt due to low interest rates and don’t have any spare cash and are in debt. The loan will still have to be underwritten by a bank and if the case isn’t good enough they’re not going to give a single penny.

I’ll hold here until the storm blows over which could be 6 months, a year - who knows? 12 weeks like Bojo was saying looks highly optimistic since only a couple of days ago it was said that 20,000 deaths was going to be a good result.

Atb and stay safe everyone

Just wish itv could get rid of some more debt. Companies with high debt are going to struggle big time. The government loans sound like a good idea but that will be debt on debt

Wonder if we’re still going to get a div? Some companies cancelling special and normal div due to market conditions. Time will tell and not long to go to results.

GLA

SP holding very well glad to see. With div and special div at some stage what’s not to like. This is a lot better than most of my other Ftse 100 shares which have tanked.

GLA

Great post as usual :). Everyone keep calm and carry on

According to bbc news the epicentre in Wuhan are closing temporary hospitals that were built, number of cases and deaths going down. It seems if you take enough preventive measures this virus can be controlled. Time to take money out of cash and buy cheap. Remember what Buffet said and he was not wrong

Companies should be queuing up for SQZ to buy them. Surely with the price of oil collapsing there will be some targets out there - perhaps just what we’ve been waiting for! Companies with high debt will go bust

Thought we were going to get a special div following that sale :)

Ftse due to open 415 Pts down. Hold tight everyone

Ftse due to open down 70pts and the Dow down 385pts

I’m glad people have bought in and probably why wouldn’t you at these prices. However, with the virus hanging around for at least another month and BKR not due to come back online for at least another 5 weeks, I’ll refrain from buying for another few weeks so hopefully the dust settles a bit.

I think you need to read the presentation again. There are 3 capital projects to be worked upon as per presentation. Can’t remember you’ll have to look. As for the SP, did anyone actually think it might go up or stay the same as the largest asset we have is not producing?? Nice to see some loading up for either div or when BKR is back up and running.

There will always be bumps in the road with an O&G Company and this is one of them. Hold your nerve or sell but don’t moan - we are where we are

I still think 2-3p Sas. Maiden div, bkr down at the moment and we’ll need some money if any prospective deal comes along. Could always look to do a special div if things improve. Not long now until we know.
Gla

You’re so impatient! Some people on this board have held for 10 years! There is 3 capital projects happening in the next 18 months to 2 years : Columbus, Rhum 3 and North eigg. Even if there wasn’t an acquisition still plenty to look forward to. Patience has always been the key after the bkr deal

Would this mean a special div?

Along with SQZ being a great share to the vast majority of us, this board was full of information and respect to all posters. Let’s hope we can keep it this way.....

Was bound to happen - let’s hope it’s fixed quickly

I think the majority say that so PI’s buy in which then increases the div to the directors. However, SQZ bod have rewarded LTH handsomely over the years so would probably back up this statement.

Always good to reread some of the detail from previous statements by the board. Also updates on other areas as well but I wouldn’t have thought there would be much progress otherwise we would have heard by now.

I’ve just been thinking over the last week that there could be big movements in the share price towards end of 2020/21 due to the nature that we will be drilling. They could be fantastic results or damp squids like Rowallan. Please BOD if you are reading this, take over existing assets not drilling to prevent boom or bust in the SP