Member Info for HENRYKISS

Good to see Laura on fine form.

https://www.youtube.com/watch?v=y80o5K2hhVU

Crew Energy / Tourmaline deal precedent right?

The Board confirms that it is in advanced discussions with Gran Tierra Energy Inc. ("Gran Tierra") in relation to a possible offer and a further announcement will be made in due course.

https://money.tmx.com/quote/ITE/news/7531078234349965/Possible_Offer_for_i3_Energy

St Christopher's Place is a very attractive asset in the west end of London. I expect it will be key to unlocking the value of this reit.

About 30% of that TMX will be diluent (condensate) used to thin the tarry oil sands product.

Https://www.hellenicshippingnews.com/india-coal-inventories-drop-at-fastest-pace-in-two-years-boosting-imports/

Podcast with Tom Caddick of Nedgroup Investments.

A discussion that is highly relevant to BCPT investors...worth a listen..

https://www.realvision.com/podcast/next-big-trade/page/1

"Sunak eyes more Help to Buy"

https://twitter.com/AllieHBNews/status/1652789609506521089?s=20

https://quartr.com/companies/glencore-plc_4001

TECK just announced they refused an unsolicited offer from GLEN

The new rating list was announced on Budget day. There are some big reductions in the sort of secondary locations where SHOE trades. EG the BIshop Auckland store is revalued from £20,250 down to £12,500. https://www.tax.service.gov.uk/business-rates-find/valuations/start/731196104

Notably the transitional relief scheme has been dropped, so the occupier will see the full benefit of the rates reduction next year. I've scanned quite a few properties and the reductions vary widely but the general direction is a reduction in business rates liability for next year.

https://www.barchart.com/futures/quotes/LV*0/futures-prices

https://www.trafigura.com/press-releases/trafigura-signs-usd800-million-loan-agreement-guaranteed-by-the-federal-republic-of-germany/

"When it comes to assessing the best corporate deals of the year, it will be hard to beat the purchase by Glencore of two-thirds of the Cerrejon open-cut coal mine in northern Colombia.

The sellers of this asset, BHP and Anglo American, will easily qualify for the worst deal of the year given how much money they left on the table."

https://www.afr.com/chanticleer/bhp-anglo-on-the-wrong-side-of-deal-of-the-year-20221018-p5bqnt

Johnson's wife and advisors have delivered exception profits to us with their energy and foreign policies. Now let's watch Liz Truss do the same. Her bazooka of energy subsidies will be copied throughout Europe!

Could be some heavy index selling as the world realises Europe is accelerating into ruin?

Thanks for sharing. This magazine is not on my usual reading list. I think the article will attract a lot of interest from its readership cohort. The investors who like to make their own choices and do not source their ethics from a journalist will doubtless be looking hard at Thungela!

ESG - your money , my ethics

The post lockdown boom in full view

Total like-for-like (LFL) sales increased by +12.4% in July from a base of +23.9% for the equivalent month last year. Total
in-store LFLs rose by +22.9% this month from a base of +54.0% for July last year. Total non-store LFLs increased by +4.8%
from a base of +16.1% last year. July marks seventeen months of positive total LFL sales

https://www.bdo.co.uk/getmedia/20aa2b1e-282a-404d-81c3-b1911c244d87/BDO-High-Street-Sales-Tracker-July-2022.pdf.aspx

More than 20 European LNG projects have been announced or accelerated since March, with the potential to replace about 80% of total imports from Russia in 2021, according to FTI Consulting.

https://www.bloomberg.com/news/articles/2022-06-28/rich-nations-favor-lng-investment-in-u-turn-amid-energy-crisis

From the 27/4 trading statement, the Govt asked Drax to plan to keep the coal burning, so there is some thinking going on in the Dept of Energy.

"Drax continues to expect to formally close these two legacy coal units following the fulfilment of their Capacity Market obligations in September 2022 but remains committed to supporting security of supply in the UK. Drax has recently been asked by the UK Government to consider options for a limited extension of its coal operations and this remains under review.