Member Info for Hudsteve

My thoughts of today.

The has been some news on DW today that BASF is on a major cost-cutting drive due to the high energy prices however we know they are looking to reduce.

Where they were at above 35% they would need to make a formal takeover offer the company. Which they now won't need to do.

Above 25% they can block special resolutions , so will they keep it at this level or will they look to reduce further by further sales or we now have a resolution that HBR can but off them.

One issue with the company shares for me is a lack of volume, it spiked a bit today however not even near the 3 months average.

What we don't know about the new shareholder is are they here for the long term, have they been transferred to the finance part of BW as a form of funding?

I completely understand 2p is a lot as I don't normally try and make much more £200. The only issue is pressing button at the same time you could potentially been taking away some blocks of lower shares. I'll have to load level 2 and see availability as well.

I was worried about that, but I seem to be getting good prices I'll run a few tests then as typically trade about £9k a time.

Have you looked in T212, seems very good for international shares no fees. Offer on the MSE website. I do a bit of trading and they pay far quicker when I take profits.

If you are talking about the 42p announced in Nov I think and de listed start of Jan, I received my money less than 2 weeks later. Did you complete a form with your broker to tender your shares. You are best bringing this up with your broker.

Does anyone know much about the Russian pegged gas prices, does this ever get reviewed or change, if so when?

I may be wrong however I thought we have 1 case won against the gov and 1 loss which is being appealed. They don't think they'll get the money of the gov though.

The only other issue I beleive is the price of gas is russia, I'm not sure why it's so low to compared to trading prices.

As a company that produces prodominantly gas, which prices are up over 30% in the last month month, I really can't understand how this hasn't moved quicker and higher. Hopefully a production update in the next fortnight showing a return to growth of extraction.

That is the my reason for my investment, the market cap to production is bonkers. The companies debt free so no issues which we have seen with other oilers have recently and having difficulty refinancing. The only unknown is the last Ukraine licence fees case. As the company is making so many $s at the moment I would love to see a share buyback, 50k a day seems more than manageable and would bring much needed liquidity.

The fact is the oil price is increasing which in turn will bring in more revenue and profits.

We haven't lost out as shareholders. The company have options with excess capital, even though we own more of a percentage doesn't mean the share is worth more. In the long term if profits increase it generally will help drive the share price upwards. From what I see when large companies announce buy backs the stock does increase, due to increased buying pressure.

They can also look at dividends (which I would prefer) and investing the cash, diverservifying away from kurdistan I think would also be a good option.

They are buying. 816m dollars of assets, 500m raised through rights. With the current payments of 300m per year and the new assets, seems like Premier can pay off the extended debt facility by Nov 2023,

On the IR website it has the bond due dates and interest rates. The next bond is due 21st July, £200m which I doubt very much they will have FCF to pay off. I cannot see how people can compare this company to TC, AA is growing turnover, has very different cost base and not the same change in market. I personally would like to see them use their brand to start something new where they could take market share easily.

With the RNS today, Albert Bridge Capital LLP now having over 10% of the vote, where previously was 5%. I don't see how the SP has been falling like it has over the last month whilst they have bought and taken contracts?

Lord of Burnley, change of address to a regus office. This maybe cheaper for the rent, could be the only benefit.

If I was ramping I would say the Air Conditioning is fantastic in Regus so the Ariana Team can cool down properly after returning from the hot gold corridor.

80p or lower in next month, realisation that the company is taking contracts on that are loss making, current customers not accepting price rises. Whole of teles under pressure. Cheerio invest I.

It seems some joker at TT HQ thinks their TV product matches the likes of Sky and Virgin and had a clever idea of trying to charge £4 extra to access talktalk TV, which many people would pay a little bit more than that for a few channels, however no HD on 'sky' channels. It seems like TT can't keep up with the number of cancellations, I hear the TV service is mainly free view with a few added extras so after the budget market. I wonder if this price increase will back fire on the probably smallish revenue they seem to get from TV, gotta be brave to buy this one, going short for me.

If you google 1000 cubic feet gas cost, you’ll soon realise that it is nothing to get excited about. Worth less that $100 a day if we had 41k cf a day produced.

I was wrong, director and wife buying in open market. Very nice.

By the looks of the quick trades I would expect bed and isa or something similar.

Is it me or is a 50% increase in gold production in the last quarter fantastic news? $3 million revenue per month and we own half of it?

If Salinbas Jorc is half as good then were talking about huge potential for this company.

What I like here:

Gold at $1252 - cash cost of our joint venture production was under US$600 per ounce

This shows the board are here for the shareholders and not "II's" or flip on 10% gains: While this cash-flow is not yet sufficient to satisfy the higher demands on capital required for the next round of exploration and development of Salinbas, it will enable us to proceed with our current work programmes and at a minimum meet our non-discretionary exploration spend. We will continue to appraise opportunities to undertake equity capital raises in the future, but since entering commercial production, we are expecting these to be conducted via the open offer route to existing shareholders.