Member Info for DrPatience

Noel, I can only suggest you read the underlying UK Fires report, as The Expose really is twisting this to fit their own sensational story.

In the exec summary, this is the core question posed, which the group of academics then attempts to answer (I have no view on whether that's accurate; it may well be)

"In response, this report starts from TODAY'S technologies: if we really want to reach zero emissions in thirty years time, what does that involve?"

The big omission is what future tech can do. It does however only point out what it would take to get to net zero WITHOUT new innovation.

In shipping for example, the industry is innovation big time to develop new, green fuels, capture carbon, new engine designs and types, etc. Green shipping corridors are being identified where the infrastructure can be developed to produce and handle new zero emission fuels. Batteries are not an option for long haul shipping, neither is it for airplanes.

Their list is not what is going to happen, as that effectively would be a collapse of the world as we know it. Either there will been enough new tech developed to meet the net zero vision or if not, the net zero target will not be met; hence by default relaxed. It's good to have goals though, as that's how you stimulate innovation. We, as humans, are pretty good at it! The underlying real problem us that we are too many people using limited natural resources.

You're surely taking the mickey, right Noel?

Ajs, thanks, my rational side tells me you are probably right!!

L10, cookoo has little constructive info or arguments to put forward add here. Not sure why he bothers. It must be some sort of reverse psychology since he is holding a handful of shares and really should want them to go up, but talks them down all the time (with no real substance, I should add).

Sorry to hear he is ill though - wishing for a speedy recovery. I am filtered, so he will sadly not see this!

BAdA, as you said that the selling started :-)

It's everybody's guess right now...it's currently a mix of fear of Labour, the general market being cautious and lack of real tangible news from DELT and/or partners. News will come obviously in due course. Hopefully good news.

I keep coming back to the underlying facts, hence why I am hanging around with hope.

LWHL, if the SP falls back to 130p then I will happily be adding! However, I cannot see it. They run a fairly tight ship commercially, with sufficient sums set aside for loan defaults. The biggest risk is them doing something stupid again: dodgy trading, breaking regulations etc. They have done it so many times in recent years...it's a disgrace!

The bank is otherwise making decent money and well capitalized. Good interest spread also help.

I suspect 200+ p within a year.

Thanks useful Stargate, although I am a patient trader basing decisions on business fundamentals (so cycles of months or more often years), but very interesting and I will track :-)

May need to learn chart reading!

Louis: Yes pretty much! Probably more psychological, than real, see below.

Noel: Thanks, article worth a read. Encouring clarifications for those with licences under their belt in my view. DELT has enough to work with and the GMB grievance is about the slow decline of the workforce. Indeed, Sir Starmer said:

"And I want to be absolutely clear: Oil and gas are going to be part of the mix for decades to come, into the 2050s."

Many analysts are predicting shortages and large price hikes of gas next winter (again). Let's see if that can be ignored before Labour potentially takes power later in 2024.

I prefer to stay out of the crap slinging, but I presume BadA made the statement as he made a buy, which showed at a sell? Maybe BadA can confirm?

I guess that's technically possible depending on where the price landed between buyer and seller, even though BadA went in with a buy order?!

I agree from a logical perspective with what Noel is saying, but I just don't know for sure if there is enough liquidity to make any such conclusions with confidence. I also don't really subscribe to the many conspiracy theories circulating around large holder and MM manipulating prices. Happy to learn from anybody with more insights than me.

Cookoo spreading conspiracy drivel again. Nothing constructive to say obviously.

Just wait for news - good news it goes up - bad news the other way. Now just trading randomly - it means nothing and downwards pressure driven by politial scaremongering. I believe in real news, nothing else. The gas assets are there, all up for grabs and exploitation.

I agree, it's looking good. I am just really unsure what's a reasonable target price. 600-800 in a year's time?

Would welcome views from others but will also need to dig into numbers and future prospects as things are becoming clearer re the future direction.

Thanks Exploration, yes that's probably correct. Whatever news comes from Delt re the specific fields will need to be coordinated with and vetted by the operators. However, not sure that's sad, it's just the way it works, I guess.

Of course, other news may come re licences and monetisation straight from Delt.

It's an exciting industry both technically and commercially, but things move slowly, slowly due to nature of these projects. As long as they keep adding value, then I am OK to wait.

Indeed, today's RNS is also good news for stability and getting back to some sort of normality.

SE18, I don't think anybody really knows, but Capricorn will have both rights and obligations in the context of Delt. I think they currently will be trying to offload to someone else, but time will tell. I have personally put this in the bottom drawer for now. If Delt can further upvalue and/ monetise Selene and Pensacola, that's more than sufficient for now and worth a hell of a lot more than then current share price! We really need some news!!

More licences could be announced within 2-4 weeks also, although I doubt it will do much for the share price. We need real news on progress with Selene and Pensacola!

EmeraldC, well you never know, but for me an unlikely scenario!

1) Shell are superb at what they do; gaming a JV partner is not part of that!

2) I cannot see any large holder being interested in any bids at this level; even 100-200% above this level!! It would make no sense, as they clearly have confidence in the the Delt assets.

Investigations and planning takes time, that's the real issue + many small investors are now (and to an extent understandable) pooing themselves having listened to Labour's green ideas, without appreciating that they are not planning to shut down the whole North Sea immediately, but merely stop future licensing rounds. Anyway, that's my interpretation having scrutinized recent articles and interviews covering this topic. I guess others may not agree; they are the sellers!

Yes, indeed a wise move by the CEO. I would be slightly surprised if we don't see more buys from chair, non-execs etc. If you genuinely believe in the business, then this is a very good top up price and it's always good the management team + board have meaningful personal skin in the game; over and above the options they have.

Thanks Selecta6 and no need to apologize! It's always good to talk and exchange frank views with serious, fellow investors !!

Selecta6: I don't think it's pedantic to be honest; it makes quite a big difference how you declare it.

There is nothing in the case notes talking about how the shares were received as having anything to do with the central argument. Hence, I am still leaning towards it being a dividend (UK residents only).

I guess everybody can do as they see fit, in reality one can in good faith get it wrong unless you involve a tax advisor, who may or may not know either...

Have a great day!

Thanks all!

Without the "Alexander Beard v HMRC [2022] " I would also have been quite happy to conclude it is a capital return.

However, unless HMRC loses the appeal case, then it seems to be considered a dividend for UK residents. The case summary does explain HMRC case. If they win, then that's it forever...

In reality, HMRC rarely looks into the details of such tax returns for smaller investors and as long as it is done in good faith either way, I feel it will be corrected without penalties.

Thanks for your honesty Rooster.

Your average is pretty much the same as the very large holders, so I am very hopeful any silly bids will be bounced off!! It's also in the management team's interest.