Member Info for gulfharbour

To be reviewed every 3 weeks

Kettle... "a bit negative" lol

£3.25

I agree GB46.
Boris and Sunak will want lots of staycations within the UK this year to help the domestic economy recover especially hotels and hospitality.
In parallel to that business travel can restart so I expect travel corridors to include USA and other close trading partners.

and having the shares in an ISA or SIPP wrapper removes any CGT or tax on dividends.

And from the September RNS:
"More definitive estimates of the range of reserves and resources will be made available in an updated CPR in Q1 2021"
If the BOD wish to release the promised update before the market opens they have 23 mins left!

Couldn't agree more Daltry.
Investor comms are no better under this BOD than the previous muppets

Averaging down may be an option for those with only a small initial investment, but for those like me that have a fairly significant (for me) investment at a high average, it could be throwing good money after bad.
I'm sitting on my hands in the hope that the increased POO will result in much improved cash reserves, plus the potential for a significant re-rate should the results of the CPR be positive

It is probably not a big surprise to anyone that there has been a retrace from the highs over 400p given the fast up-tick from the low 200s' only a couple of months ago.
My thinking is that this will probably drift somewhere around these levels for at least a couple of weeks or until we get more definitive news about relaxation of travel.
This could easily drop further into 350s or 360s but I would definitely top up if we got back to those levels, even though I already have a lot (for me) of Saga.
My biggest concern is that irrespective of any UK goods news we will still be held back by ongoing bad news from non-UK sources especially the EU 3rd covid wave and the EU pathetic response to the vaccination program.

I just had another small GSK top up based on dividend yield and my expectations of SP growth from the current levels.
It does seem strange that the SP is slightly down on a day that the market receives such a positive piece of news.

Dividends don't trigger a tax event for any share held in ISA or SIPP wrappers and I'm afraid I have to agree with Apharius view about buybacks being a waste of time.

I'm waiting for funds to arrive to buy more LGEN so I hope the SP doesn't move up too fast

I'd love the board to return some money to shareholders but not by share buyback which I've never seen have a lasting positive impact on a share price.
Payment by way of an increased divi or special divi would be most welcome however!

Sundezena,
I'm not a fan of share buybacks because they smack of a board that has run out of ideas.
The only time I would support a buyback is if the board genuinely believes the SP at the time of the buyback significantly undervalued the company

Go on then Anapa, what is your justification for 208p?

Each to their own Goose but I would not have considered selling IAG right now.
Obviously that is just my personal opinion but it is based on a number of factors including success and speed of the vaccine rollout and continuing reductions in deaths, hospitalisations and infection rates.
Tomorrow Covid briefing by BOJO should be positive and among other things I am hoping for news of some sort of covid passport.
However the only way that covid passport will have any impact is if it is adopted by a significant number of nations e.g. UK and all main European countries at a minimum - therefore I am really hoping that behind the scenes UK is in advanced dialogue with the EU on this point.
If that happens I expect IAG and a number of other companies in the travel sector including EZJ, CCL and SAGA could all be big beneficiaries!

In my view HUR have been lucky with the POO increases over past 3 months and it will be good to see the effect on the cash generation when the next update is received.
The issue with that hope is that I suspect the BOD have hedged by forward selling all the production at historic prices in which case we will see no immediate benefit.
Until there is a clear development plan and an update on reserves I expect the SP will continue to be very volatile.
Presumably we are currently in a closed period while development and reserves planning is ongoing, but once out of closed period I expect the BOD to dip their hands in their own pockets to prove that they believe the HUR story rather than just sitting on the sidelines.

I'm with twiglett.
I would hope and expect that SAGA could experience a big initial jump of at least 25% (maybe to 370-380ish) followed by the inevitable profit-taking to reduce down to a new level around 340-350 while the market waited for the next update.

I'm in the same boat Gary.
Current SP feels like a good entry point and I am definitely considering adding more for the div, but I also have concerns over whether the current div levels really will be maintained.
It's a bit of a dilemma atm.

Fever, I agree about the lack of BOD purchases.
If they really have confidence in this company I would expect to see share purchases as soon as any closed period rules end.