Member Info for Infor

This is like a tyre with a slow puncture. Leaking downwards until a administration change at the Kremlin.

575k @ 363.40 bought

Must be good news for Harbour:UK natural gas futures broke above the 200-pence-a-therm mark, a level not seen in two months, following news that the damaged LNG export terminal in Texas could remain offline for longer than previously anticipated. The company said repair works would take months, and the facility would only be fully operational by late 2022. Roughly 68% of the LNG produced at Freeport LNG is shipped to the UK and the EU, and the facility accounts for nearly 17% of the US liquefaction capacity. On top of that, imports from top supplier Norway were curbed by outages, and Russia’s Gazprom warned of cutting as much as 40% of natural gas shipments to Germany through the key Nord Stream pipeline.

Just checking the chat was still working.

A year ago when the SP was this low, Brent was around $75. I don't get it!

Good post!

I know its been said before and with Brent @122 and likely to rise further this SP is daft to say the least:

As a low-cost, high volume producer Harbour is seeing substantial cash flow in 2022 but is always set to be among the companies hit most by the UK government’s new wind-fall tax.

“We calculate the new Energy Profit Levy increases Harbour's cash tax charge by US$2bn over the 3.5 year lifespan of the windfall tax,” analysts at Barclays said in a note.

“While that is a significant dent in 2023-24E free cash flow, the business continues to trade on a 2023E FCF yield >30% and the balance sheet can turn net cash during 2023.”

Harbour shares have fallen close to 25% in the past month as calls for the windfall tax grew louder and eventually became government policy.

Under the new regime oil and gas profits are taxed at 65%, up from 40%, though company’s were handed newly enhanced tax relief on new investments, with 91p of every £1 invested being available to claim.

Unlike before, when tax relief was claimed once returns on investments were realised with revenue the new scheme allows the relief to be claimed after the point of investment.

Let's be honest the 10% of the stock that are being dealt with here are having little impact on the share price currently. The SP is determined by the major shareholders after hours. Until they'v settled their positions this whole thing is a sham.

Bottom out at 384?

Massive sell off again after hours last night, they'll drop the price until these contracts are met.

We are still at Feb 25th SP when Brent was below $100! Madness.

Volume is so low, no wonder it ain't going anywhere. Price seems very sensitive to modest deals. Just need a couple of biggies......

Really small volumes. Calm before the storm?

It seems like there is a parallel market going on here. The real deals are being done outside of this market. This market is being run to frustrate and weed out the small investors. Those 3M shares changed hands a way over the SP at the time they were put through the system.

It doesn't tell you, probably a sell at that price.

What I don't get is why such a massive trade has little impact on the SP.

Sorry, they were entered incorrectly. They went through at 12.31

£6M traded at 11.31AM which do not show on the Google finance trading graph?

It could be some big after hour sells which they need to satisfy so encouraging buying.

All the big deals seem to have occurred after hours. I think they are trawling the bottom and triggering automatic sells so they can satisfy these large orders.