Member Info for elmore

I doubt they would get anywhere near NTA for the company.

Growup, the industry is cyclical. I am sure you are well aware of this.

Is this a new purchase? Dont see an RNS.

Divi too low here in comparison to other renewables. I will look to buy here at 130p or lower.

Erm, Porche, PHNX have already RNS'd that they have absolutely no involvement whatsoever in LDI. Same does not apply to LGN though.

Pokerchips,

" LGEN was deeply involved in the LDI catastrophe, for which as CEO Sir Nigel is culpable.

nonsense ....the problems relating to LDI are with the buyers of them who may have underestimated their exposure to gilts...there is risk with them as with anything and it depends on whether the risks are fully managed by the buyer of the LDI product"

How much responsibility does LGEN have for selling the product? None whatever? The buyers may have understimated thier exposure to gilts, agreed. How much advice should LGEN have given then with respect to that before selling the financial product?

Indeed. 14 March was last years date. How these are trading at less than £7 is beyond me.

tony, your link in post 3156 is from 2021. a bit out of date?

Hardly likely to succeed.

The landscape had altered significantly since the KIST deal was rejected.

Increased windfall tax and NE is a duster.

Snap.

Added twice this week. 8% yield, terrific trading update a few days ago, no involvement at all with LDI. Bargain.

Got to pay the directors and keep the lights on somehow.

Two years is a long way off regarding windfall taxes. If the current tax regime leads to a significant fall in north sea investment then labour are unlikely to stick to thier current proposals knowing very well it will make things even worse.

The companies they are after are the real giants like BP and Shell though, as thier profits are mostly made overseas and taxed there, I dont see how labour will be able to tax it further. It may well force BP and Shell to move abroad and out of labours reach though.

Labour hot air in my view.

https://www.gov.uk/government/news/readout-of-the-chancellor-of-the-exchequer-jeremy-hunts-roundtable-with-the-oil-and-gas-industry

If you mean the outcome of todays meeting with Hunt the **** (as per Ms. Ridge) then there will be no change to the windfall tax.

This event was last night so I presume that Mitch Flegg didnt have anything of any particular interest to say.

Not a word in that report about what effect they think the windfall (which will probably become permanent) taxes on the company, unless I missed it?

Response from the company urgently needed.

Lets see what Sunak the socialist does with the windfall tax.................

Fiscal event now delayed until just one week before Kwarteng planned his. WTF was the fuss all about?

Good that they are buying this low down but, to be fair, most of it is money they made from selling into the tender offer much higher up.