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From what just said ....
Discussions is on going, sticking point is what they are offering so far, discussing is getting more intensive recently and looking favourable. Aim is 10 well development from existing pad in the first half of 2024, which to me means they have to agree the JV very soon to order the kit.
Current production numbers 350,000 with 600m of the 1500m of water / consolidate removed, he believes all the 350 is all coming from the new frack zones 5-6 and the water is coming from the old frack zones 1-4, which will be blocked off again if needed. 350 is not the flow rate yet.
We already know they are very good.
IAG under valued IMHO, being held to ransom by a conservative finial salary pension scheme, that will have to change its position Dec 23. I suspect we will get the start of dividends in 24, and more share buy backs.
I think there is little they can say to make this go lower, completely under valued, they need to focus on Cambay delivery nothing else maters in the short medium term and there will be no long term if they don't deliver!
I have been reading the detailed accounts and can see cost of sales raising with thin margins, as passenger number increased.
The final salary Pension schemes are in surplus Dec-22, it was the deficit 1.65b the year before, that made BA agree to no dividends for 2 years with the NPS, it is ridiculous that this schemes are so big now they dictate how companies can operate these days.
BA debt is floating not fixed, it might be hedged elsewhere of course, hundreds of pages in the reports.
I have noticed the lack of info on the JV in recent weeks from the company, it has not been mentioned at all.
I wonder if they could not agree terms they were happy with, so this presentation might be to help find more JV partner options. and or as a way to push the existing conversations forward to higher numbers, by public saying what is on offer.
This the sort of news that should send IAG share flying, Heathrow is BA's hub airport, if the Heathrow is packed BA planes are packed.
You only got to look at the prices they are asking for flights compared to pre-covid to see they must be making huge profits and generating massive cash flows. When will BA be able to start paying dividends to group again.....
My holding is down £75k since the last results, little rhyme or reason for this drop even at that level is was very much undervalued.
Absolutely nothing major has gone wrong to warrant it.
This share is giving me grey hairs!
I am just hoping for a second big pay day on JV announcement, which for many reasons has taken considerably longer than certainly I but many others reckoned would off. That delay and devalued the potential of that payday considerably.
I just have two shares I am waiting on, to be able to relax with my retirement funds sorted, but this all became much more pressured for me, as my business has been mortally wounded due to a policy change by Electricity supply companies in the UK. this in turn has moved my business retirement date forward from 2026 to 2024.
It all to play for still and I am hoping this share will make a big jump on JV announcement in the next 8-9weeks, but it has a habit of throwing something new in the works!
I don't know if anyone has noticed the lack of talk on JVs in recent RNSs, include the year end report, i am expecting/hoping that to be set right in the interview shortly.