Member Info for Fibonacci112

It creates great opportunities to buy other assets or companies

Estimate in the Times today that it will cost HBR $107M in 2022 and $268m in 2023

https://www.cnbc.com/amp/2014/02/24/warren-buffetts-three-fundamentals-of-investing.html

Ignore the chatter

I don't think we will see a price correction until after the dividend is paid and the capital reduction is approved. I further suspect that the agreement amongst the Chrysaor shareholders and PMO debt holders at the time of the purchase of PMO was that there would be a lock in period with preagreed capital reduction prices. I suspect that £5 is that price. No point in cancelling shares pregnant with dividend prior to payment of the same.

Agree

I think the connection with £5 may have more to do with the price at which some of the Chrysaor shareholding might be bought back pursuant to the forthcoming capital reduction.

It will be interesting to see how close to £5 HBR stays prior to the share buyback being approved

Bit difficult for R to sell Mongolia to C. Mongolia is a sovereign state.

In spite of the oil price, the drags on share price are:

1. Share overhang
2 Tolmount
3 Not knowing what the oil price hedges are set at vs the market price of oil
4 No current dividend resolution

2-4 will resolve in the very near future. Activity in relation to 1 may also start from 31 March.

There is no suggestion whatsoever in any of the articles that HBR is buying the Shell assets. That hare was set running by HC, presumably on a misread of the Daily Mail article, which he later corrected.

As matters stand, there is still the share overhang and the lack of a resolution on dividends weighing down on the share price.

There isn’t anything in the articles saying that HBR is buying these assets. The articles refer to Chryasor (now HBR) as having previously bought Shell assets.

"this bad boy will be down tomorrow."

I do love it when you go all in on this share. It's almost as if with your prediction at 08.20 the market decided to do you over. As always happens.

You could. It's in the Sun.

"$78 WTI today's target. SP 340s."

And again the market does the total opposite of your prediction.

But it isn’t PMO. It’s a new entity which has got different assets, different shareholders (including a bunch of former debt holders converted to equity who seemingly have different strategies in relation to what they are holding), legacy hedges, and it hasn’t had a full year of coverage yet. Until such time as it has published its first year results, perhaps stop ****ting the bed in public, because it’s embarrassing.l and makes you look like a novice investor.

"50DMA @ 365p about to go."

It is quite astonishing the way in which the market instantly does the total opposite of what you predict. Not just on this occasion, but every single time. It's a gift.

Alternatively, as usual, you are completely wrong.

" I’m not expecting anything from these useless technocrats for months or more likely years, at which point those Italian crooks will find a loophole to delay it for years more....the technocrats and lawyers have a vested interest in keeping this charade running as long as possible"

Disagree. The RKH lawyers have a vested interest in getting it finished ASAP. This is sitting on their WIP ledger, unpaid, until it settles and pays.

It is an oil exploration company and when MOG was purchased it was not unlawful to drill. That is the whole point of the arbitration.

Indeed. AIM RemCos are non-statutory and implement best practice recommendations from a variety of sources. They are a Committee of the Board, they act as a check on it and they are bound by CA 2006 obligations.