Member Info for Infor

The company we merge with!

Any new WT is not going to affect us, we get 91% offset anyway. It will be the guys profiting further down the supply. Not sure why the SP has been trashed when in 6 months time we're going to have more cash than our Market Cap! We need a merger.

At this price, interim dividend works out at 2.29% - not bad. 11 days to go.

You can just imagine them; just come back from a champagne lunch somewhere, ok boys lets trash the SP...

Thought they may have gone away :(

Can you explain this other than some sort of downward pressure?
https://www.google.com/finance/quote/HBR:LON?hl=en&comparison=LON%3ABP%2CLON%3ASHEL&window=5D

Cash and equivalents was £258,318,000 as at 31/06/22, £102,984,00 as at 31/12/21, so conservatively added another £200,000,000 but does not include the security with hedge counterparties (not sure of the discrepancy here between the balance sheet and written statement):
' As of 23 September 2022, the Company held cash and cash equivalents of £282.6 million plus a further £199.8 million lodged as security with hedge counterparties.'
'In addition, this does not factor in the substantial benefits to be realised from the far larger volumes of unhedged gas sales should actual prices for those future periods match such forward pricing. The proportion of projected gas production hedged is estimated to fall close to 20% for 2H 2022 and to around 10% for 1H 2023.'
So if you include the £199.8 million lodged as security with hedge counterparties, yeah it could be £650,000,000, which makes the SP even more daft!

I got out for now, I'm just worried about this pattern emerging. Grown up stocks in the same business should follow each other e.g. HBR, BP and Shell. Any gaps that appear are for a reason e.g. Shell's Q3 warning, but eventually they follow the same pattern. With HBR's SP we've seen a growing gap appear each day since our friends appear with their 0.8% plus the fact there is sufficient time for them to do their deeds and out again before the Q3 update in three weeks time. Also sentiment is very subdued making for low trading volumes, ripe for our shorting friends. I'll be back, but when is the big question.

Drop I believe is due to perceived uncertainty in stocks generally. Totally ignoring the fundamentals of a sound investment. At least we are not being shorted like HBR at the moment, their price has been trashed more than ours.

Market Cap of £923m. Cash and equivalents likely to be approx £458m year end, so in the year SQZ will have generated approx £366m. Question: where else can you get this sort of return? This SP is mad! Just looking forward to the mega bounce and dividend.

Our friends might have dumped 500,000 shares so far today, and may have about 6m shares to play with. It's enough to open that gap below 'normal' trading. I wish I was called James Thompson and wore short trousers in the City, easy game this!

Nice article and we have known this all along. Quarterly report in 3 weeks which should encourage more interest in the stock In the mean time I am concerned about the distraction of the other markets and investors following sentiment and sitting on their hands and creating low volumes of trade (after hours trading was comparatively small yesterday), let alone the shorting pressure just now. Interesting how a 2% gap yesterday, and a 5% gap over the last 5 days has opened up between us and BP which I put down to our shorting friends. We've seen an 11% decline in the SP over the last month when actually the forward pricing has held up well for HBR. Have we bottomed out this time round?

There is a lot riding on North Eigg If nothing else it revalues SQZ and they have a great future alone. If it doesn't come off then I think their only sensible option would be to merge with someone like HBR.

I think the market is following sentiment and do not realise what a strong position SQZ are in, especially if North Eigg proves successful.

This is why they need some of their cash and feel they cannot afford a buyback:
'Outstanding hedging is below 20% of projected gas production for Q4 2022, falling to around 10% for 1H 2023 with negligible amounts remaining thereafter. The combination of hedge expiry and realisation of monthly sales revenues should boost cash resources whilst reducing cash security requirements over the remainder of the year. This does not rule out short term price surges, and consequent increases in cash security, in the near term.'
Whilst this is an amazing position to be in, extreme gas price volatility has led to continued requirement for significant margin calls.

Could be £600m by year end

World's going mad, Market Cap of £973m with cash equivalents of approx £400m.

Yeah so why not put your money into a business that generates cash!

No other reason other than UK's first frost, NG 300p, Brent $94 - what do you expect!

the Kistos bid seems to have been quickly forgotten. Looks very good now. SQZ have got to be a target for a merger to move them forward. The market obviously don't think they are going anywhere by themselves.