Member Info for Infor

I'll part with mine at 500. Anyone interested?

Seems to me normal market forces are not being allowed to prevail here. Wonder if Kistos are interested in making a bid at this price!

Someone's willing to buy at 421 and report it. Must be part of his/her renumeration package or a prior agreement between two parties.

2022-07-26T14:42:41.480 GBX 421.39 440000 1854116.00 Off-Book XOFF P ECHO

Yeah but them europeans will still need their gas.

What was the date and time on that trade?

At these prices, definitely debt free by the end of 2022. Putin has not stopped playing his games, OPEC will keep maximising prices.

27 days to go.......

Agreed, all the fundamentals are in place and without all the boardroom shenanigans, the SP would easily be over 450 by now.

UK Natural Gas 350p!

I believe Noble have to realise some of their assets now in order to survive.

I think at best the buyback may offset the impact of the 'Noble Dump'. It explains a lot thats happened (or not happened) recently, but in the medium term this will come good - I AM SURE.

It gets worse: Noble are paying interest payments-in-kind (“PIK”) on bonds issued by its subsidiary and have an amount outstanding of $549,089,540 which is costing them 10%, i.e. $55,000,000 per annum!

Might be the reason for our low SP:
https://www.noblegroupholdings.com/documentation/

I think Noble are hanging by a thread, so they may have to dump some more shares. No wonder the SP is ridiculously low.

The 'new' Noble have to finance a $450,000,000 trade finance facility, so what better way than sell a few Harbour shares:

Following completion of the EIG distribution, NGHL (through Noble New Asset Co Limited) expects to hold a total of 79,352,666 shares of Harbour, representing approximately 8.66% of the issued share capital of Harbour. These shares will be directly held by the NGHL Group and no longer held through EIG. The pro forma shareholding percentage is expected to differ from the 8.31% “look through” interest previously disclosed as a result of various factors including “catch-up” distributions to NGHL under the EIG holding structure, distributions recently paid out and the expenses of the
EIG platform under the holding structure.
There will be no restrictions on a potential disposal of any of the Harbour shares received by the NGHL Group as part of this distribution by EIG. The NGHL Group will consider any such transaction(s) in due course, with a view to maximising the value of its holdings.

Don't you just love him:
'The Nord Stream pipeline stood at 40% of capacity, the same as before the maintenance works but still well below levels this year. Also, Russia’s President Putin warned that flows through the pipeline could be slashed to just 20% of capacity later this month unless a spat over sanctioned parts is resolved.'

It's not uncommon for the EIG's of this world to want to part exit and reinvest and line some pockets, when's the best time to do this? Just before the announcement of good results otherwise it may look a bit odd and have an even more damaging effEct on the SP. We know about Noble's motives and it was a shame they were part of it in the first place. But we are hearing it from Linda:
'At $100/bbl and 200p/therm average prices for 2022, we expect to generate between $1.5 and $1.7 billion of free cash flow (after tax and the $200 million dividend payment) with the potential to be debt free in 2023. '

7.4m shares transacted at 11.50am, so they've got rid of a chunk of them, maybe things may settle down a bit.

It's been listed here a few times but never the less worth repeating:
'At $100/bbl and 200p/therm average prices for 2022, we expect to generate between $1.5 and $1.7 billion of free cash flow (after tax and the $200 million dividend payment) with the potential to be debt free in 2023. As a result, we have significant optionality over our future capital allocation, including for meaningful value accretive transactions and additional shareholder returns.'
So with UK Natural Gas currently at 310p, Brent at $104, both averaging over 200p and $100 YTD, it's looking very good. Imagine what this share will be worth when HBR are debt free!