Member Info for CommandoKai

With a looney Labour party likely around the corner next year, talking about even higher communist "windfall taxes" and no tax breaks, I wouldnt consider investing anything in the N.S. right now and nor will most companies I imagine.

I hope they stay focused on Canada, plenty they can spend money on there with great IRR's.

I knew if I got out there'd be good news, only took 2 weeks and lost me 20K to buy back in for 12000 less shares, lovely :/

Has given it another buy rating today: https://www.investorschronicle.co.uk/ideas/2023/09/19/a-robust-outlook-makes-this-legal-stock-a-buy/

Not sure what time it was posted, in or out of market hours, maybe give the share another boost tomorrow and when it makes it in to the paper edition either this Friday or next.

Unfortuntely I can only see the first part, any subscriber wanna let slip if he gave a target price at the end please?

But remember that's only a 1 year target I believe.

For 43k this morning was my buy incase anyone was wondering, already had a load at 85p avg, but needed somewhere to recoup 70k losses from disasterous GKP trade, should have swictched to here back when it was still around 70p, might take a while but I'm looking for £3 quid eventually and hopefully is gonna get a kick up with the results and fair accounting next week.

I feel much more comfortable holding these than waiting for middle east negotiations to play out, uncorrelated to the economic situation, Chairman with huge skin in the game, great ROIC and a bit of a divi better than most bank accounts, yup I'll be sleeping better tonight.

I dont think Iraq are losing 1.1bn while the pipeline is closed, because they have OPEC quotas limiting them, they have just ramped up production from their southern fields instead to max out their qutoa, so Iraq have no incentive to get the pipeline open in a hurry and share the profits with the KRG while they can get all the profit from the south, apart from they might get their 1.5 billion court award sooner, but if they really hate the kurds they will just let them sweat as long as they like knowing they can get that 1.5bil whenever.

Having said all that I'm praying they've let them sweat long enough now and it could all change in a news flash, but it's wishful thinking for sure so I have to call this a sell at the moment, and look to jump back in once things change even though likely to miss the initial pop, I hate it but that's the decision Ive come to after waiting far too long already, and swallowed a £70k loss even after divis. The bright side for those brave/crazy enough to stick in there is with my luck it probably will get resovled next week now and jump 50%, if I stayed in it was going broke for sure.

Good luck anyway, I'll be watching the situation with interest, ready to kick myself no doubt.

backed up another truck and picked up £260kish this time, he must have a lot of confidence with good reason to be constantly pumping in large sums like this, serious skin in the game, just what we want to see!
I'm still topping up with any spare dividends that come in as long as this is below a quid, I have an initial target of £3 in 2-3 years and could go double that further out with any luck, plus not really affected by any recession, at least not business wise, may keep the share price supressed of course until the value cant be ignored any longer on some big results.

Clear as mud, more tax complications and red tape, sounds like they are trying to force oil and gas investment to beome inefficient offshore windfarms instead to keep the Guardian and BBC happy, which they never will be.
I just hope this communist craze doesnt catch on with other countries, that will think: Well if the UK is getting away with it why dont we?
Otherwise any other energy/resource shares we hold outside the UK could be hit as well.

I just hope this stupid Govenment hasnt encouraged other countries to start this windfall tax BS, many will think if the UK is doing it, we can get away with it too.

Indeed, I was already over exposed here, but with the communist windfall tax increase today I've given up on Serica and moved it all in here as well, sure it will be very volatile, but oil prices will take off sooner or later with the lack of supply and investment.
It now makes up 25% of my whole portfolio, fortune favours the brave... I hope.

Yeah, but gone so even dumber Labour can take over and probably take the tax to 90%, but pointless voting for so-called Conservatives any more, they have conserved NOTHING, they are allowing the country to be invaded meanwhile they are slapping random taxes on business to steal their profits.
Vote Reform or another small party, not that they can win, but its the only way to protest with this rigged voting system.

WTF are they playing at, 75% tax!?!
But they "dont want to deter investment", oh I'm sure businesses want to operate in the harsh and risky North Sea for a poxy 25% of their efforts, this undermines the whole invesment case for Serica while this nonsense is in place, the risk/reward balance is now not worth it in my opinion, think I'm going to move in to GKP with its huge quarterly dividends, it's unhedged exposure to the oil price and no random communist taxes.
Where is the windfall tax on the damn drugs companies that made huge profits tricking the public in to having their useless at best, dangerous at worse, "vaccines"!? Oh of course they dont touch them because they made a lot of money off them no doubt with secret deals.

If I were them, I'd not increase the monthly dividend amount, just keep it the same, but pay it each of the 12 months of 2023 instead of the 10 months previously, so by the end of the year it would equate to a 20% increase in the total amount.
I would prefer that as it rewards longer term consistent holders and its more straight forward doing one every month, rather than an increased 10 months of payments.
But as long as it goes up some way I'm not too bothered how they choose to do it.

The Chairman just swooped up another tranche, 770k shares no less, well over half a million quid, if that's not a vote of confidence I dont know what is!
Plus the CEO picked up a not insignificant £50k+ worth, considering he already has a massive holding about 8% of the company already, he wouldnt be adding more if things were going badly methinks.
I will be following their lead and topping up as other dividends come in if the price stays under a quid.

I hope the rate is based after the big drop caused by the mini budget today and not before, it just went off a cliff which is good news for any divis paid in $.
I think I'm going to top up some more here at the end of today even though I'm already over exposed.
Yes, it could quite easily drop more in the short term, but cash is getting crushed by both inflation and the exchange rate battering, may as well be in a commodity like oil with limited supply that will take off again eventually, with the big dollar dividends on offer here, with no company debt, onshore, with low costs.
If it wasnt for the jurisdiction risk this would be too good to be true, but after even an alleged conservative government slapped on a communist windfall tax for UK oil and gas, there is jurisdiction risk everywhere now so this big discount seems like a bargain to me.
Glad to see the back of globalist Sunak anyway, Truss may not be the brightest, but at least she has bigger balls than he had for ignoring what Labour and the media demands.

Pop did clarify his earlier statement, which I think may have mislead people, so to be clear again, you cant just transfer shares in to an ISA and avoid CGT if they have made a profit outside of the ISA, it will count towrds your CGT allowance at least and may mean there is tax to pay if you go over your CGT allowance of £12,300 profit for the tax year.

Thanks, bit worried about the "most" part and not ALL, but surely SLE would try to ensure they do or at least have warned us if they dont qualify.
It sounds like the current shares just get marked by the company to receive the first one or two dividends, dont see why that would change their ISA status now youve pointed out its just an attachment and not a share replacement for a whole new type, maybe there is a slight chance the dividends might fall outside the ISA, which although would be a shame wouldnt really bother me too much, it was the main investment being de-ISA'ed, as warrants are, that I was more concerned with, but I think you've put my mind at rest on that one.

Can anyone confirm if we can hold the new preference shares/preferred stock in an ISA?
I cant seem to find a clear answer online, just one article from 2009 saying you cant hold preference shares in an ISA.
Have the rules changed since then or were they just wrong?
Has anyone held preference shares from another company in their ISA before?
I dont wanna be buying these in my ISA only to discover they get kicked out when they become preference shares.

Yup, they dont like making money at Halifax, virtue signalling is far more important.
https://www.youtube.com/watch?v=Kz3Qq3yP4Xg

Oh I take it back about HL, charges dont look as bad as I remembered, unless you hold funds.

I guess HL have to earn their sky high charges some how, maybe it'll arrive later today for the rest of us then.