Member Info for Infor

Didn't join the meeting until late, did he answer the question regarding the late filing of dividend?

I think Mitch has to answer this as it rather sticks out as 'the elephant in the room' at the moment

I missed the deadline for presubmitting questions, maybe someone already has asked:
"'However, following the 2022 year-end, the directors said they became aware that a filing in respect of certain dividends paid in 2022 had not been made as required under the Companies Act.'
This seems very convenient. I wonder if it had been declared whether it would have had a bearing on the deal going through or not? Would really like to know who benefitted, how much and when?..."

"The farm out discussions are ongoing and the Company does not anticipate that the C-77H artificial lift implementation will have an impact on the farm out process being concluded."

Still stick with what i said last week, and the fact that Directors have exercised their options is a further indication of their short term approach and 'everyone else can f**k off' attitude:
"'However, following the 2022 year-end, the directors said they became aware that a filing in respect of certain dividends paid in 2022 had not been made as required under the Companies Act.'
This seems very convenient. I wonder if it had been declared whether it would have had a bearing on the deal going through or not? Would really like to know who benefitted, how much and when? I smell a rat or five. If you remember the Tailwind mob formed holding companies and paid themselves ~£100m in divis during 2021. Did they do the same in 2022? If we'd known about this would it have affected things? I think so. This should have been mentioned at the time and the full detail known. Also remember the loan stayed in place pretty much during this time.
I hope I am way off the mark, but if you smell a rat it's probably is one."

Up 33%
https://www.google.com/finance/quote/SYN:LON?hl=en

Don't be bitter Zag, weren't you aiming to buy back in at 0.8p?

I reduced my holding in HBR because of these exaggerated moves but it's got to come back in a sustainable grown up way but I have given up losing sleep over it for now. BP, Glencore and SLP have been good and had some fun with IOG. Deffo go back with IOG when the price has dropped back. Still waiting with SYN which I think will be a bigger mover soon, fingers crossed.

filtered jefff, not sure what he is spouting. He'll come back with a new name..lets think what hat could be mmmm

Harbour have committed to buyback approx. 100,000,000 shares, other shareholders include:

Citibank NA (New York) 144,574,081 17.4%
EIG Global Energy Partners LLC 134,684,040 16.2%
Noble Group Holdings Ltd. 79,352,666 9.54%
Fidelity Management & Research Co. LLC 43,671,560 5.25%
GIC Pte Ltd. (Investment Management) 34,201,685 4.11%
GIC Blue Holdings Pte Ltd. 32,984,730 3.96%
The Leona M. & Harry B. Helmsley Charitable Trust 27,224,309 3.27%
Marshfield Advisers LLC 25,150,482 3.02%
The Vanguard Group, Inc. 22,294,549 2.68%
Trinity Street Asset Management LLP 18,898,787 2.27%

Assuming the above aren't actively trading, that leaves about 24% or 210,000,000 shares in circulation which could explain how easy it is for our shorty friends to manipulate the price. When the price diverges away from BP as it has done again today (-4% difference) the only explanation must be downward pressure from short sellers. I suppose the only comfort is that at some stage they have to buy these back to close their positions. How many times have we seen this with Harbour?
As we've seen in the past, you just can't write this script!

They've drawn you in - who's going to jump first?

https://www.google.com/finance/quote/IOG:LON?hl=en&window=6M

It wasn't 5.60, I think it peaked briefly at about 5.40, google finance I think smoothes out the peaks over time.

Yeah, gosh doesn't time fly it must have been end of Feb early March when it reached 5.60. I've taken 16% profit this time round and probably got it wrong.

Can this rise continue? I thought it would last time it reached 5.60 a few weeks ago and didn't sell to see it fall back horribly - should have taken the profit then.

Mommur, don't you mean two weeks in Morecambe?

You are all talking as if you think they care. I normally trust my judgement and don't very often get it this wrong. I am still 22% down on this one and am still convinced the 'old' shareholders are been treated like scum and have been taken for a ride. I hope I m wrong - believe me but again the market has spoken after on the surface of it some 'good' results. Bur everything is down the road - the dividend (I'll be dead by then), no buyback, no real vision into the future and transition i.e. nothing for the IIs to get their teeth into and feel (like BP) yeah they are going places and will come out of this well and a world leader. It is very much short termism for the new gang including Mercuria, we are secondary! Why not pay the divi now like Harbour have done? Why not get involved in Carbon Capture or wind farms or something that has a future beyond North Sea. Initially I thought with their financial strength they would do something ambitious and not get into bed with a block who is good at setting up umpteen holding companies for you so you can hide your massive dividends.

'However, following the 2022 year-end, the directors said they became aware that a filing in respect of certain dividends paid in 2022 had not been made as required under the Companies Act.'
This seems very convenient. I wonder if it had been declared whether it would have had a bearing on the deal going through or not? Would really like to know who benefitted, how much and when? I smell a rat or five. If you remember the Tailwind mob formed holding companies and paid themselves ~£100m in divis during 2021. Did they do the same in 2022? If we'd known about this would it have affected things? I think so. This should have been mentioned at the time and the full detail known. Also remember the loan stayed in place pretty much during this time.
I hope I am way off the mark, but if you smell a rat it's probably is one.

I wonder whether he can be pressed on his? It's not something a plc does is 'forget to file'.

Thanks NQM,
"Div paid 27th of July
Ex div date 29th June"
So far ahead it's almost irrelevant. Another two fingers up to shareholder return. The lack of filing in respect of certain dividends bit, I would put 5 pence each way being a Tailwind matter involving our 'new management'. You can't announce another £100m divi for 2022 when you're about to sell the company full of debt can you? Wonder whether Tailwind 2022 accounts have been filed - can't be ****d to look I'm so p*ssed off.