Member Info for H-hi

PMO bonds are not plunging so it is safe to say the company is better prepared this time to service its debt. As for the SP, sub 50 would be a good entry for another OPEC intervention.

I guess Corbyn will issue bonds to nationalise RMG at 340p per share.........not a bad return from here!

Come on give us our 20p or better still 30p so we can get out.

Mandrill,

Smart money must be seeking VOD, those hurting from ASOS, RMG just to name a few must be thinking about VOD. MrD ran into PMO and got whacked big time......VOD is the love of my life right now!

Santa could still be on his way this year............can we clear 160p and finish the year above 170p?

Stops being hunted definitely............leverage is bad.

Montecristo,

I think centrica needs the headline customer numbers to grow, why not keep the complaining poor people on the cheapest tariff before they run to daily mail, socialist politicians and communist Ofgem. Rich people in wealthy postcodes won’t even have time to compare prices.
10 bankrupt energy suppliers mean Ofgem is a useless organisation that needs to be re-purposed.

Surely Brent has to fall more to close the gap..........how is oil plunging even with the problems in Venezuela, Iran and Libya?

Deutsche..........hmmm! Same bank that has been performing so bad that the German govt is planning to force an arranged marriage.

Economy and innovation will dictate oil price, a cleaner petrol engine ( not fake one) is needed ASAP to guarantee increase in automotive demand beyond 2040. OPEC should give grants to companies that can make oil attractive to green / eco fantasists!
Oil price has to be sidelined for now while focusing on increasing demand and making oil look greener. Solar & wind is getting so much subsidy from oil which is bad as it improves their market / innovation while oil gets bad press.

I still think only big diversified oil companies will survive.

Wow, these thickos splash money to reward failure! New public company structure must be introduced........dumb CEOs and their minions should not be paid any bonus, just basic £200,000 salary. They can always invest their salary in shares and pick up divi.

Dogger,

You’re so harsh, these are the real workers and they even have to pay 30p each unlike the King of Failure Darby who get free shares. These options look expensive as we are very close to 30p anyway.

No need to panic if holding VOD shares, zero leverage, no borrowed money. The brokers and shorters work together to force losses..............all our shares are held in nominee accounts so shorts know how vulnerable retail traders are.

Longish,

The good thing about cash and gilts is that it gives you buying power in case of juicy bargains. A guy stuck with 1 year 1.5% fixed cash savings all year would be happy to use that cash to buy stocks in January while we have been losing sleep and money.

Auson,

Like we all know most markets are built and priced on confidence. Most companies sell oil way below spot prices. PMO won’t tell you why the SP sank to 19p, when you have oil gushing from every corner then you need to give some discount to buyers......now PMO will brag to the shareholders about their $70 hedges but won’t say anything about the sub $40 hedges! I don’t see BP shouting their hedges......nah, they are traders as well as producers.

Auson,

Back in 2015, a debt free / low debt PMO would have honoured only those juicy forward contracts and not produce new oil for under $40 per barrel. A low debt PMO would have snapped up bargain producing assets. Zama this, Sea lion that...............if it ain’t producing already then more money is needed so the creditors own them not the shareholders. PMO needs to raise $500 million from shareholders to reduce their finance costs.

Recession is definitely on right now, demand will slow but oil producers won’t be able to stop producing.........huge debts to service means they must keep oil flowing or else they will get liquidated.

That is the fair value when the hype about fast fashion evaporates..............

Longish,

You are right about VOD as a defensive company but it has fallen too much already and can still fall 20% - 30% along with the general market. Cash, bonds or gold (doesn’t yield but good to hold) are the best options now........I trade gilt ETF (tax free) with just 3% - 5% trading range all year with 1.4% yield.
6 months interest rate on cash could hit 1% soon, that is another option........HL is pushing savings platform big time. Stocks will lose out from fresh investors as they stay in cash / bonds.

How many customers of those collapsed energy suppliers have you managed to switch to BG?