Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
@ Buchanan - " And yet to others, the Tories have moved too far to the right... they certainly have on social issues where they try to out Farage Farage "
Well on unrestrained legal immigration they've exceeded even Blair's 'Open Door' policy and this whole unchecked 'Trans' onslaught with school children being taught there are 100 different genders has all occurred under the Tories - in fact Mordaunt as Equalities Minister was as woke a politician you could find - while it was May who tried to railroad thru the policy that a person would be able to change their gender simply by assertion without medical assessment.
At the 59th minute of the 23rd hour ( when defeat is guaranteed) it is true they have suddenly started making some caricature noises like bringing back National Service but I see them left wing on social issues as well as economic issues.
Re: Cyril2 - " If Starmer wins and pursues labour's destructive policies I shall be leaving the country. There will be nothing left here worth fighting for."
But we musn't forget the Conservatives destructive policies of the last 14 years either - I say that as someone who resigned from that Party some months back - I've had enough - they are unrecognisable as a Conservative Party - they have joined Labour on the Centre-Left.- it was Theresa May who gave us 'Net Zero 2050 ' to boost 'her legacy (ego) ' without a thought as to what this would mean to the economic health of the UK.
Further from WH Ireland:
" On balance we view the update as favourable in that it formalises the JV partners position relative to the forthcoming election and ultimately the UK’s oil & gas fiscal regime – all of which is natural and had been understood, we believe, by the market. We are not surprised, but comforted, by the statements made in relation to the good progress being made to advance the field to FDP approval/sanction. We reiterate our 705p fair value estimate for Jersey Oil & Gas. "
Extract From WH Ireland today :
" WHI View: We expect that the fiscal policy for the UK North Sea following the UK General Election will be favourable for domestic energy security, HMRC tax revenues, UK jobs and the production of energy on a low carbon emissions basis. In effect, we anticipate the UK Government will provide fiscal clarity such that the operator of the Buchan redevelopment will have sufficient confidence in the fiscal regime to progress with project sanction. We remind investors of our view that the Buchan field is overwhelmingly the best undeveloped oilfield of its kind in the UK North Sea in terms of it being of considerable scale and low-risk. Specifically, the field is estimated to contain 70 million boe (95% oil) and it benefits from 36 years of production history. In our opinion, the field’s petrophysical characteristics provide very high confidence that the reservoir will respond favourably to a water flood strategy. The point is that the Buchan field has always had, in our opinion, the odds stacked overwhelmingly in its favour – that hasn’t changed. "
Hi Rollo - re: " The allowances that we are all concerned about are not a tax "
Agreed - but they are what RR may choose to regard as " a tax loophole " - the closing of which has the same effect as a tax rise.
Re Milario - " so O&G will be around for a good while yet but the taxing part is the key."
But Labour are announcing taxes they will NOT put up - so those not mentioned had better watch out because new gov. will be desperate for more money
Hello Dick - " We closed the loophole after discussing the matter for some time. "
And now your objecting to others doing the same.
Itsriskthat:
Yes, but Neo and Serica might be not go ahead if they lose their Investment Allowances
Accurately expressed Greener101.
Would that be the tennis or the golf ?
Serica clearly has confidence in the profitability of future NS projects.
. 'The Labour party has proposed increasing the total tax rate to 78 per cent and removing tax relief on new projects, which it has described as a loophole.'
' NEW ' PROJECTS - Can we nail this term down ? Not existing at present ??
Greener - is that a good or bad sign ?
Re- DU - re politicians present and going forward.
Ms Atkins - absolutely agree - she is ghastly - as though she knows she is way out of her depth, but determined to maintain her personal position, she utters the words that have been scripted for her to maintain her position.
Politicians General: Again I agree ; Ignorance, self -preservation, and malice seems to be the order of the day.
Because I worked for a City company for a long time ( not as a professional finance person) I became interested, reading lots of stuff on City pages, money advice columns, etc, and have done 'reasonably ' on investing
Have done the 'right' things, ISA's, diversification of investments, successful momentum investing ( i.e. reading what's on the move and getting in even when 'up' has been well underway and making profit).
Feel I have done - 'satisfactorily' - maybe very marginally better than that.
Over the same period a friend who inherited some money took the view that he knew nothing about investments and really found it all too confusing and he bought ( for his own 2nd use and investment) a small newly built house on a
development on the Essex coast in what was once a very small industrial area - not particularly fashionable.
He's way ahead of me on profitability, and despite the fact all future governments are going to be getting their claws into 2nd home profits, given the levels of immigration and the impact on house prices - maybe that is the way to go - especially if one opts for a rental income.
Thank you for that information Dick.
I'd take £5.60 as well.
Thanks for the education Dick .
Do JOG, NEO, or Serica, have any other tax allowances they can set off against income other than the Enhanced Investment Allowance ?
The current gloom still leaves some questions one of which is why Neo and Serica went ahead with their Farm-Ins if future prospects were so bad due to government taxation.
The EPL 12 month time extension in the 2024 budget and Labour’s announcement they will extend the rate from 75% to 78% years look like a very MARGINAL further deterioration in prospects for oil companies, and insignificant compared to what came before and very unlikely to change how oil companies view their prospects.
The previous change was the very SIGNIFICANT hike (surcharge 25% to 35%) from 65% to 75% was announced by Hunt in the 2022 Autumn Statement and its lifetime being extended from Dec 2025 until March 2028.
That was a hugely significant negative change AND YET :
Long after that tax regime was put in place, firstly NEO in April 2023, and then SERICA in November 2023 announced their FARM-IN deals with JOG.
Both NEO and SERICA obviously knew what the existing ‘ MAJOR NEGATIVE ‘ tax situation was and the further ‘MINOR NEGATIVE’ change of its extension for another 12 months and Labour prospects of a further 3% hike could hardly have changed the BIG PICTURE for these companies.
So its hard to see why these two companies would duck out of FID having dived into FARM-INS,
since their taxation prospects since have not greatly changed.
ZEUS sticking with a total risked NAV of 616P
Todays JOG RNS seems positive, here's a sample
"Our industry as a whole is engaging with the major political parties and other key stakeholders in more detail than ever before, with a clear narrative on the benefits of backing low carbon, homegrown energy resources. We continue to monitor the political landscape closely and we believe that there is a path forward to unlock the considerable benefits that the GBA project can deliver for the UK economy. "