George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Announced in March 2023 was the 8mil contract, hopefully we see a variation increase soon on that contracted maybe another 1 or 2mill
Lots of news coming out on cop28 and the methane pledge from oil majors and countries. This can only be good news for plexus https://www.nbcnews.com/news/amp/rcna127496
According to the guardian article just recently out, The North Sea has just under 300 active oil and gasfields, but more than half of them will have ended production by 2030. This leaves plexus in a position to develop the P&A pipeline and grow this area of revenue.
Along with this The Government is taking further steps to support the UK’s transition to net zero by confirming new licensing opportunities in the North Sea with 27 licenses granted this month. Legislation will be set out later this week in the King’s Speech which will require the North Sea Transition Authority (NSTA) to invite applications for new production license on an annual basis. Each annual licensing round will only take place if key tests are met that support the transition to net zero. The first test is that the UK must be projected to import more oil and gas from other countries than it produces at home.
The second is that the carbon emissions associated with the production of UK gas are lower than the equivalent emissions from imported liquefied natural gas.
This is an excellent opportunity.
https://www.gov.uk/government/news/new-opportunities-for-north-sea-oil-and-gas
I’m long and heavy into Boohoo but don’t be misguided by the glamour of Dubai! Middle East won’t be bringing massive numbers, all it will do is increase margins by being able to charge more, volume will be low and a market difficult to break. Brand sensitive in these countries, why buy PLT when you can by Gucci! Their Instagram for MENA is rubbish as it’s not dual language that needs to be sorted before they make any decent gains from the Middle East. FYI I live in the Middle East!
ACboom good to see I’m not the only one checking the website traffic regularly. I actually emailed EVE a number of months ago as I’m also Long and wanting the share price to rally! I suggested they look into social more. Here is their response from directly from Cheryl!
Thank you so much for your e-mail. It’s a great question you ask. Social media is an interesting channel which, for many categories can drive a lot of direct value. However, finding the right way to make investment of time and energy in this channel pay back for big ticket, high research categories such as beds and bedroom is difficult.
There are two parts to your question – so called ‘organic’ posts – where we post things on our social channels, and ‘paid’ where we run paid facebook advertising (apologies if I’m teaching you to suck eggs – I often make the mistake of falling into marketing speak!).
Facbook and Instagram have spent some time reworking their algorithm such that the reach of any post we place on our own channels is in the realm of 1-3% of our total followership. As such, content such as this becomes difficult to justify the time and effort we put into creating it – we have limited resources, and creating ‘content’ to reach no more than a few 1000 people is not a good use of our time. You’ll see many big brands have similarly stopped creating ‘organic’ social posts due to this – Nike for example have not posted since January 2018.
‘Paid’ facebook advertising we do run, and ran until earlier this year. We stopped investing in facebook and Instagram from July 1st however as part of the #StopHateForProfit campaign along with over 1,000 other brands, including Adidas, Ben & Jerry's, Coca-Cola, Fcuk, Ford, Honda, HP, Microsoft, Pepsi, Starbucks and Volkswagen.
The reduction in investment has had no discernible impact on our sales (as our interim results verify) though we do intend to return to a low level facebook investment in the near future.
Asos smash boohoo on website traffic, organic traffic, paid search, keywords etc. It’s a good move shifting down the SEO route to steal that search traffic, doesn’t matter which company it is as long as they know their stuff.
Fully agree, I was sat on 30k profit on Boohoo a few weeks ago, news fell on Sunday and I was sitting 20k down! Take your profit. You can always scale back in slowly. I have a small holding here and going to ride it out as long as possible though.
I’m long on Eve. Website traffic for retail looks slightly lower than last month. Eve is down 11% traffic organic compared to last month. Paid traffic is up. There was a spike last month but traffic seems consistent from the last highs in May. I’m a little bit on the fence on sales at the moment unless there’s a big uptick in traffic. Not exact science so could be wrong!
Dibs61, 4-5p then?
Been on this board reading the daily posts and fully in boohoo. I took a look at their TikTok yesterday for PLT and boohoo for the first time. It’s insane how good they are on digital. I’m 36, thinking I’m still young but the world of 16-24 is worlds apart. They will keep buying, parents will buy for them, grandparents will give them Xmas money. Im happy to ride out the next few years with a long term holding I am confident they will keep delivering the numbers.
Look at the retail figures out today al looks positive for Boohoo. The trend is still at December levels for the past 4 months.
In August, the proportion of online spending was at 28.1%; this is a slight fall from the 28.9% reported in July. We also see falls in the value of online retail sales when compared with July, at negative 2.5%. Declines seen across all sectors except clothing and household goods.
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/august2020