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Outstanding results today.
I guess it was priced in. Honestly expected 8-9% up today.
Got to love the markets.
50 years Totol. Very, very well done .No price better than happiness.
I agree with you, we are defintely going through a volatile period. I dont think that's held to just investments. Just look at how long a Prime minister lasts now.
It is the internet that has hyper sensitized everything.
Something will break in time.
Forecast for 2024 is 21.4p.
Puts Lgen at 10% dividend for next year at the current sp.
Surely this has to underpin the sp at some point, and I appreciate there has been some chatter of hitting 200p, but that would give a forward yield of nearly 11% which sounds
Insane.
Really pleased for MKS holders, and at least we will end up with one decent company left on the high street.
Interestung dilemma though, the predominant customer base of MKS are retired,mortgage free and with savings.
The BoE through its rate increases are literally taking money out of the 25-35 year olds pockets and passing on to another age group.
Don't get me wrong, retirees deserve a golden sunset, i am concerned with how uneven the inflationary battleground is playing out.
Money week has LGEN at 21.4p dividend for 2024.
At today's sp that would offer a dividend of 9.5%.
RSI on the chart needs still a little more before we bottom, and looking at the last few years, 1st to 2nd week in July offers the final collapse before the dividend rally.
Also looking like US markets are primed for a down turn, and as per usual, the US goes up, the ftse does nothing, but of course the US goes down and so does the ftse.
If we get anything around 215p, it will be back up the truck time for me.
Current average 6% underwater if you were to look to sell today.
GL with your positions everyone and thanks to the few who do add content on here.
A few articles out there discussing the possible changes to pension fund investment limitations. Completey out of my depth on this one, but would suggest that would also allow LGEN better access to the markets with the funds under management. No real guidance out there, and its quite hard to see where LGEN currently position themselves. Possibly the growth strategy that LGEN needs to move the SP out of the low place we currently sit.
Thoughts apprexiated.
LGEN has averaged between 230-280p for the past 8 years. Pretty damn safe pair of hands.
Div likely increasing as someone posted earlier to +20p next year.
Growth wise, I hope we are taking full advantage of private companies divesting DBP schemes.
Regarding the sale of six oil blocks, namely blocks 3/05, 15/06, 18, 23, 27 and 31, the executive director of Sonangol, Joaquim Fernandes, stressed that the prospect of initial revenue is around 860 million of dollars (804.2 million euros), which could reach around 1.1 billion dollars (one billion euros).
Joaquim Fernandes said that the companies for the sale of the blocks had already been decided, namely block 3/05 to Afentra (24%), 06/15 to the Namcor/Sequa/Petrolog consortium (10%), 18 to the Somoil/Sirius consortium (8 ,28%), 23 to the consortium Namcor/Sequa/Petrolog (40%) and Afentra (40%), 27 (Somoil/Sirius (25%) and Namcor/Sequa/Petrolog (35%), and 31 to Somoil/Sirius (10%).
According to the administrator, negotiations are currently underway for the purchase and sale contracts and subsequently the risk payment procedures.
Paul Mcdade said this was going to take a while as due diligence and oversite is now a lot more thorough given the history of corruption, something that the new government is working openly to snuff out.
Isabel dos Santos was ordered to return $500 million in 2020/21. ( I think shares, but still), and it demonstrates the path the country is on.
It is going to take time.
Total Extends All Block 17 Production Licenses December 16, 2019
Total, Equinor, ExxonMobil and BP have signed an agreement with national oil, gas and biofuels agency ANPG and state-owned Sonangol of Angola, to extend their consortium’s production licenses to 2045.
Block 17 has been a true success story, with almost 3 billion barrels of oil produced since 2001.
Currently producing around 440,000 barrels of oil equivalent per day.
Well at least extensions are getting granted. Sadly no sight of how long the process took.
CABGOC Secures Renewal of Block 0 Concession in Angola Through 2050
Source Press Release
Company Chevron Corporation, ENI S.p.A., Sonangol, TotalEnergies SE
Date December 06, 2021
The agreement extends the concession for 20 years, through 2050.
CABGOC 39.2 percent
Sonangol EP 41 percent
TotalEnergies 10 percent
Eni Angola Production B.V. 9.8 percent
Daily production 89,000 barrels of liquids and 340 million cubic feet of natural gas.