Member Info for DiveCentre

Sonofthebull

I know the late Andy Kay would have agree with you but this is arguable. The regulatory body NSTA, and you know what NS stands for, controls the area west of Shetland. Also if you look for north sea boundaries you will find they extend north to 62N and west to 4W which takes in all the current operations west of Shetland.

broomtree
This may help
https://groceries.morrisons.com/products/saxa-table-salt-113204011

Kever

You are naive to the point of stupidity if you expect members to forget what happened two years ago

Thanks to all who replied. My main concerns are the amount of debt and questions that have been raised about capping. If anyone doubted my motives I can assure you it was a genuine request for information. I will be doing more research, and await the trading update.

I have spent some time watching DEC because of the attractive dividend but have yet to take the plunge.
It looked good when the sp was 110p and even better when it was 100p and now at 90p the yield is very enticing. But the great yield is not so good if the capital value continues to drop, and you have to ask why does the sp continues to fall when the yield makes it look like such an attractive prospect.

I am aware of the Bloomberg report and thinking maybe institutions are reducing.

Interested to hear views.

Broomtree

Maris and Prax are selling this deal on the basis that P6 is in danger of imminent failure. How likely is that?

Kever

Did you read this bit:

The Deferred Consideration Units are complex instruments and a number of factors will determine whether any amount will actually be paid to Scheme Shareholders by way of the Deferred Consideration Units. The minimum payment under the Deferred Consideration Units could be zero.

Repeat:
could be zero

Kever

Did you read this bit:

The Deferred Consideration Units are complex instruments and a number of factors will determine whether any amount will actually be paid to Scheme Shareholders by way of the Deferred Consideration Units. The minimum payment under the Deferred Consideration Units

Repeat:
could be zero

“Prax is currently in a number of other acquisition processes for upstream assets.”
Where does it say “close to buying at least 2 producing assets”
Fantasy.

"Prax are close to buying at least 2 producing assets to use the HUR tax credits. "

Is this public knowledge? If it is were has it been published?
Is it insider knowledge in which case see posting rule 5 b.
Or is it speculative rubbish.

fandg2
I place no faith in anything Kever says. He makes it up as he goes along, and I very much doubt he is talking to RB. If RB is talking to other shareholders he needs to be careful what he says because the takeover rules still apply and the Court could reject the deal if it is found the rules have been broken.

machin

"While I disagree profoundly with Kever's position, I respect it."

Do we know really know what Kever's position is? . Previously he was against the deal.
I have zero respect and I disregard everything he has to say. He is abusive and provocative and makes claims which if true can only be based on insider knowledge. I see his original 14p offer post has been taken down.

This is from the Times today:
“Ministers have been urged by MPs, economists and motoring groups to rethink plans to ban the sale of new petrol and diesel cars by 2030.”

https://www.thetimes.co.uk/article/ditch-unrealistic-pledge-to-ban-petrol-cars-by-2030-ministers-told-hhgfck8zg

From the posting rules:

Please note some users may not behave properly and may post content that is misleading, untrue or offensive.

It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.

Someone has admitted to being a liar.
Do not hesitate to report any posts which are in breach of the rules.

everhopeful

"Cap gains on Share profits should be a sliding scale the longer you are in the less you pay."
There used to be Taper Relief which did exactly this but the tax rate was also higher. It was abolished in 2008 and the tax rate was reduced.

It is quite obvious that Management are concerned the deal could fail. Why else have they gone to the trouble of the presentation meeting and Q&A and why were yesterdays RNS’s declaring Prax will not improve their offer.
Maris claims that the only alternative is an orderly wind down, but is it? Bernstein may not be happy if the deal fails but he has to be pragmatic. Will he accept the orderly wind down or look for an alternative?

RodneyT

HUR have given up the licences for Warwick Lincoln and Halifax. The only licence they still hold is Lancaster and yet on the Company website they still have the nerve to declare:

"Hurricane’s strategy is to create shareholder value through monetising the reserves and resources associated with naturally fractured basement reservoirs within its portfolio."

It would be a good joke if it wasn’t so sad.

No idea why HUR have written to the HMRC.

If you don’t know why you must be an idiot.

Are HL feeding me duff info ?

Yes.

So why have HUR written to HMRC for a definitive answer?

"I have it in writing from HL that DCU payments are free of tax in a SIPP. That is good enough for me."

Of course they will be tax free just as any other dividends and gains made in a SIPP are tax free, BUT will you be able to keep your DCU’s in a SIPP or in an ISA long enough to receive any future dividends and gains. That is the question which has yet to be answered and if the answer is no what will happen. As I see it providers will have to sell all SIPP and ISA held DCU’s within 30 days Please correct me if anyone knows better but as far as I am aware investments held in SIPP’s and or ISA’s cannot be transferred to the beneficial owner so they have to be sold. There will then be a mass sale of the DCU’s by all the providers and how is that going to affect their value? Investors will get a pittance and nothing like the potential returns promised. And Maris and Chaffe won’t give a damm.