Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
All it does is ensure international investment in the NS dries up, making us more dependent on russian oil and gas in the short to long term
Incredible...
Bathe in the glory of a conservative government imposing a windfall tax on industry 150% more than what a labour government would have imposed - you have to laugh
But I wouldn't want them to just desperately buy any old tosh that's for sale in the market, would rather wait and for it to be something of value
Consider Kist: about to pay for an asset in the uk ns, with further contingent payments, thats going to be taxed 25% more than they thought when they bought it !
Makes more sense to buy an asset for £400m outside of the NS
That's the problem with high taxation - investment decisions aren't constrained by borders
I don't know about that, I can foresee debt becoming much more costly in the short term, I've a suspicion we'll come up smelling of roses - cash is king
Yes I know that and you know that, but it doesn't work well on the front page of a tory tabloid
Tbf GA, they're doing what populists do... whatever it takes to stay in power and produce punchy headlines for the Daily Mail readers to dribble over
The Normal Gas Price will be when investment in the UK NS drops to 0% in about 3 years time at a guess
GLA
Polite note, all companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy, sqz no harder hit than the rest
Yes NewKOTB, but nobody on this forum seems to find that in the slightest bit odd other than me and you, they're all busy being hysterical
If anything this move by the gov ensures higher gas prices for longer
Getting tired of posting this but companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy
So sqz is no more ****** than any other NS o&g company by the windfall tax - and a polite note... cash in bank has already been taxed
There's something more to sqz's relentless daily drops spanning a month now
If sqz makes an acquisition now, it will be heavily discounted with this disaster brought to you courtesy of our populist government, £400m is going to buy much more (tbh I'd rather they bought something abroad seeing how inept our gov is)
The post where sqz was thought to be the most exposed to windfall tax was based on information contradicted by the details in the press release, companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy
Companies will not be able to offset previous losses or decommissioning expenditure against profits subject to the levy
No other oil and gas companies down today
No other o&g companies have fallen today, so strange the Sqz sp for the last whole month
Any asset Serica wants to buy, just got a hell of a lot cheaper today
Some hysteria in these posts considering you’re invested in a debt free company sitting on £400m, calm down Sqz is solid af
Seen someone post saying the high commod prices makes a new asset purchase by Sqz less likely, I don’t think this alters likelihood at all as acquisitions all have contingent payment clauses bolted on atm to ensure sellers are rewarded if commod prices remain elevated for a period after deal completion