The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
'Godders' has rocked up. Someone has taken their short position. Lol.
I have no problem with reward for success, however, it is the excessive salaries and share options for the continued poor results that is the issue. Obviously the directors like the handsome remuneration. They also hold a considerable number of shares. Sam also started Rockhopper and I cannot see him wishing it to end in failure. These three points should still be driving this company forward to some degree. Ironically the deciding factors - the OM award and Harbour making a positive FID - are not in the directors' hands.
Absolutely Overts, and my comments were certainly not to pick a fight. Just I thought it interesting exactly what status being a share holder infers. And yes, I agree, as I aimed to highlight with the quote from the FT article.
With no intention of being a smart ar5e shareholders do not own the company (until recently I thought they did.) From John Kay (who I rather like).
Shareholders think they own the company — they are wrong:
https://www.ft.com/content/7bd1b20a-879b-11e5-90de-f44762bf9896
However, the following quote from that article highlights the problem with RKH's directors, "... the obligation of a company director is to promote the success of the company for the benefit of the members. The company comes first, the benefit to the members follows from its success."
Thank you for a nicer post Arfur_Uggins. I too see it as a partnership, and having lived in Northern Ireland, have clear understand where nationalistic division can take you. I have Scottish heritage and gave my son a Scottish name. I have no beef with Scots.
To me oil revenue is a soft target to support tax spend. My comments concerning Harbour would be sensible business practice looking forward given a known 'risk'.
Based on current Scottish Government spending ( with a deficit of 8.6% pre-Covid ) and what it has at its disposal to bring in revenue. The original White Paper from 2014 was quoting $120+ / barrel (from memory) and a key route to providing a slush fund for the new Scottish economy. Has oil now become unimportant?
If I were Habour I would be conscious of that fact that should the SNP get their way - and I sincerely hope they do not for many reasons - any oil revenue would be taxed to death. With this in mind, I would currently be looking to diversify into more tax beneficial and politically favourable locations ...
"If I recall correctly, bluehorse , Essex and his many aliases used to clog the old III boards with piffle, countless inane posts."
Essex is still here - just look at the posts from today. I am pretty sure I know who bluehorse is these days too. Would very much pay attention to the latter and certainly not the former.
The MM's weekend shampoo doesn't pay for itself.
Been about a while Arfur? Mystic Meg too.
Something has tickled the share price, that is for sure.
I cannot see how Export Finance can now be granted. It will be purely down to private money to get this over the line now. On the flipside, there is no way fossil fuel usage is going to decline in the near to medium term. Can anyone find half-reliable data to suggest otherwise?
This is AIM and I am not a professional investor so your back of a ciggie packet estimate is just as good as any I can come up with. Bottom line is if an award comes in then you would have thought there would a spike. Who really knows? A few lawyers and some bods at the ICSID (International Centre for Settlement of Investment Disputes).
Despite current fashionable thinking the use of oil in vast quantities is not going to change any time soon. Everything uses oil and the World's population is not getting any smaller. The question is will RKH get a suitably sized OM award to cover costs or get right royally. Make no mistake, this is a punt.
Wouldn't you love to work for LSE just to see the account details of these posters. Occasionally I hope that Karma does exist.
Perhaps we should all buy one share each at close of play!
Slightly off topic. Where is Godders? The miniscule rise put him off his tracks?
If the OM award comes and RKH are paid, then where would the pressure come from to sell? The whole point of the Navitas deal is to ensure RKH are covered until Phase 1 completion.
The BOD will be privy to the likely outcome of Ombrina Mare arbitration. If this is a low figure or nothing then the BOD have already squeezed RKH for what it can and the share price is toast. However, a reasonable result from OM would lift the share price and buy vital time. As Mogger pointed out the Falklands (and I presume that is just Sealion) is 43% of 2C. And what would this be with Isobel in the mix?
The brief £5 days were on the flow test results. The initial strike saw two days of large upswings to about £2 if I remember correctly.