Member Info for hxulcolrdoh

I think it is referring to this content

https://www.youtube.com/watch?v=a3CNvUmn2sw

Something the Secretary of State for Energy Security and Net Zero should read (but won't)

https://www.woodmac.com/news/opinion/uk-critical-role-in-europe-integrated-oil-system

Thanks for additional input Putup!

Thanks for info Putup.

Given a current TNAV of a £362m, a target mid teen ROTE would imply an after tax profit circa £54m.

I'd not expect the TNAV to reduce. If it got bigger then this implies more profit.

I've rarely seen two individuals as experienced/capable/switched on as the current CFO and CEO (unlike the clowns they replaced). Famous last words, I don't think they will under deliver.

Hi Putup,

My primary information tends to be the company's accounts but I'm interested in all opinions if you cared to post a helpful link.

At the interim's the NAV was £435m / 170p ps so we can conclude that the KBW figures are junk.

The NAV is at a historic low (but the business has been in transition and I'm not sure what the projections would be).

Like RKW it is my biggest holding. I'm not expecting any fireworks but I am expecting that by 2027 it valued substantially higher.

On the subject of the FCA consultation,

"we do not believe the proposed redress methodology appropriately reflects actual customer loss or would deliver a proportionate and fair outcome in its current form.

2nd December

Mixing my metaphors,

Rachel has run that many flags up the flagpole in an attempt to test the waters God only knows what she will do. The sky is clouding over with chickens coming home to roost.

Johncut - excellent youtube podcast.

It should be compulsory listening for policy makers.

Or to put it another way what Adonis pay $1 for, other shareholders pay $2.42 for.

The nice thing from the point of view of Adonis of the many hats is that after other shareholders have funded something like 68.5% of Tharisa's KMH project costs he will be looking forward to a 52.6% interest in the KMH output.

KMH costs for Adonis : $232m x 40.75% less $31.5m farm in = $63.04m

KMH costs for others : $232m x 59.25% = $137.46m

KMH interest for Adonis : (80% x 40.75%) + 20% = 52.6%

From the point of view of the outgoing party I still would have thought it better to deal directly with the incoming party (SAVE would be behind them).

From the point of view of the company I can see the attraction of the choreography ie either

a) If receivables arrive then $10m was simply 'resting in their account'/usable for immediate cash needs and the receivables can be used to redeem and cancel the shares of the outgoing party.

b) If the receivables don't arrive then the company has $10m but one or more third parties will have to acquire the outgoing 6.77%.

I'd probably bet on 'b'. Generally like the heavily discounted return to market raise of March it does smack of liquidity issues.

If the shares are bought from the group mentioned and are cancelled then the group mentioned would be reduced to 67.76%

Though the transaction does look odd. Why raise funds by issuing shares to A @7p only to use the proceeds to cancel the shares of B @7p

Would it not have been simpler for A to buy the shares directly from B @7p.

When I see posts speculating on take outs.

I note that the board plus major shareholders currently own 69.94% of the 2,120,654,235 shares issued.

If Resolution 1 at the Nov 28th General Meeting (ie the proposal to buy back 143,565,582 shares, reducing share capital to 1,977,088,653 shares) is passed then this group would subsequently own 75.02% of issued shares.

On the one hand I'd not have thought this group would act as one. On the other is it random coincidence that if they did the the numbers would put them in a position where theoretically they could take the company private by a scheme of arrangement.

The typical SAVE poster seems to be well informed and articulate but an incorrigible optimist.

Initially it was FOMO w.r.t a growth story. At the present time it is FOMO w.r.t to a recovery story.

Despite 10 years of failure the next 12 months are going to witness a transformational breakout.

Sadly past performance probably is an indicator of future performance.

@ Jackarmy,

Vote for me. You can have what you want. If it is not affordable we'll simply borrow the money and pass the bill onto the next generation. Not your problem.

For the political classes this system has been working very well since 15 August 1971 and will continue to work until it doesn't (probably quite soon).

While all have benefited from the immorality of the system typically those work and save would not vote for it. Unfortunately in our democracy the innumerate (who are particularly present in the political classes) tend to outnumber the numerate.

"favourable terms to NIPCO, is an example that makes me feel that AK has, over recent years, learned - the hard way - that he's got to more wholeheartedly play by the local rules to be successful in Africa. "

I was trying not to post but that made me chuckle.

I think AK went native along time ago.

There will be a General Meeting on Friday 28 November at 9.30 a.m. at the offices of Burness Paull LLP, Level 3, 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ

https://www.savannah-energy.com/investors/general-meeting/

Meanwhile the nothing to do with GenCo bond has been issued.

https://www.cnbcafrica.com/2025/nigeria-sells-2-35-billion-of-eurobonds-celebrates-strong-demand

Looks like sure and steady progress.