Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Div increased slightly :)
NSTAbz, well from looking at the SP the market has also been disappointed with WOOD management over the last few years as well! But yeah it seems that maybe WOOD was rotten from the core, no pun intended :) However I like many are looking at a company which is trading at 0.2 P/S in a sector where norm is 1 P/S. Yes its a value trap but now being 80% down from the highs and some kind of a new turnaround strategy being attempted I have risked a few shekels!
NSTAbz kinda getting disgruntled employee vibes there, but I was mainly referring to top management like the new CEO and other new top execs. I understand you probably referring to middle management and absolutely that happens to most companies, talent does not equal position of authority unfortunately
I mean lets be real, broker forecasts are generally bs, especially UBS CS and Barcalys tbh. I don't think I have ever seen a broker actually get things bang on most of the time. IMO company is in a tricky place but thats reflected in SP.
IMO fair value is 180
yup guidance is really good, they expect CET1 to lower by 1.5% so lots more buybacks on the way :)
Sekforde I apologise, dumb was the wrong word, irresponsible fits better :) But seriously it would still be wrong if the shares had doubled! Like I'm not trying to preach to the wicked, but 100% in one volatile asset for a pension is just crazy. I hope that the SP recovers for your friend's wife sake.
lol, adjusted results are the real results, the reported results of 1/2 Billion are just accounting reconciliation of derivative contracts. Results were indeed excellent, although Seagreen delay is costing us
No I have been reading Lloyds annual report, Natwest annual report and Barclays annual report. They now have ESG targets linked to Staff bonuses and integrated into the company ethos. The banks need a rebrand and ESG sustainable lending seems to be the new look. You have recently seen HSBC fired a senior employee because for simply calling ESG what it is, bull****. I honestly believe that smaller O&G companies are now at a severe disadvantage to larger companies because the banks are going to slowly strangle them of financing ability. HBR are getting net debt free for a many reasons, but I suspect one of them is they recognise the banks are being told to terminate all relationships with oil companies. The days of a quick pivot and free lending are over when it comes to oil and HBR are going to remain without finance for the foreseeable future. With this crazy tax on FCF I honestly am not surprised at the SP as even if Oil holds up, HBR is too much of a risk for larger players.
It's quite simple really, HBR gets 90% of its revenue from the UK, to say that we will diversify away from the UK is going to take a long, long time. The only way around that is to take out massive debt and acquire loads of overseas assets or buy a large chunk of a business. Big problem with that is A) What investor would willingly lend HBR money against its current business in the North Sea given the current backdrop of events B) O&G assets currently richly priced ala current energy crisis so acquisition would not be value for money. Current HBR overseas assets are I'm afraid unable to sufficiently diversify the revenue mix. Falkland sale is now looking like a mistake IMO...
"hat if they put it up to 75% we will leave" LMAO Pray tell how are you going to take all the Oil in the North Sea with you when you "leave"? Like it or not Cook needs to work with the UK government and issuing these petty letters threatening to reduce investment only serve to confirm that the O&G companies are extremely vulnerable to the current windfall tax/public anger at perceived profiteering. Look I get it, HBR was not profiteering, but Joe Bloggs sees petrol price go up and then news runs endless doomloop of how oil companies burning down the world and this is the result.
I'm sorry but that letter does not help HBR look better in the current situation. She references how HBR share price is now much lower than international counterparts... How is this a legitimate complaint about the EPL? Surely saying to the British people we need to keep more money to invest in the future of O&G in North Sea to ensure we don't depend on regimes like Qatar that don't represent our values. Instead she highlight ohh poor me and my golden handshake of $6.2 Million is going down in value and I don't like it! Please let me get richer while you freeze in your home. IMO highlight issues about security not bs about how shareholder value is hurt, nobody cares about oil company shareholders.