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So did I, having read the agreement, it is too ambiguous and complicated. Who knows where the oil price will be when or if it completes. In the meantime there is always the risk that shares could be suspended again. I think that's why they put in the sweetener with regards to preference shares, to encourage people not to sell. I think the safer oil play bet at the moment, will be one of the majors who pay dividends.
Am I correct in understanding that the current hedges that have worked against Tullow in this high price environment, would be null and void when they merge ? They certainly won't need the hedges as the debt problem will be sorted.
I’m more concerned that the percentage of unlisted companies keeps growing ( currently over circa 30 % ? ) due to redemptions. Having already been bitten by the Woodford funds due to a similar problem, could the same be happening here ? Not a prediction, just a question ?
There is a story in the newspapers asking for a boycott of Holland and Barratt due to its Russian owner. Maybe the reason for the fall. Too much uncertainty to hold anything at the moment.
Deal won't happen as will need shareholder approval. Good time to top up.
Share prices are too easily manipulated ( think share buybacks etc ) and they need to concentrate on the fundamentals of running a company. The share price is secondary and whilst many maybe unhappy with it, they need to concentrate more on those fundamentals and whether the company is making money/progressing.
Reuters report behind recent gold rise
https://www.reuters.com/world/china/exclusive-china-opens-its-borders-billions-dollars-gold-imports-sources-2021-04-16/
Released late Friday via Reuters and what is probably behind gold rise
https://www.reuters.com/world/china/exclusive-china-opens-its-borders-billions-dollars-gold-imports-sources-2021-04-16/
Thanks for that lol. Good luck with the short !! ( not )
It's not just vaping that will be the future, but also cannabis and they mention canaboid use. Smoking may not be for everybody, but just like alcohol, sugar etc it should be a personal choice, regardless of where you stand, everything in life is a balance. Even too much exercise is bad for you ( or certainly the body/nervous system ) !!
People don't buy shares anymore based on fundamentals or to hold. It seems technicals and short term plays are more important to the new generation. I would look to buy at under £40 at the next technical support level. This is a good company and long term will do well.
Interesting that Warren Buffett has recently bought into Pfizer. One of only two stocks since the crash last year. Certainly nice to know that the new JV healthcare division will have the backing of someone with deep pockets who tends to be a buy and hold investor.
Free cash flow up 20% in 4th quarter and up 7% in full year. Pretty impressive give COVID and likely to improve further as lockdowns end and years COVID jabs begin.
Not sure, but could be a rollover of debt at better rates. Great time to take on low interest fixed long term debt whilst rates are so low if you can get it, knowing that inflation will eventually erode its value.
It is a great company. The problem is the strength of sterling. I sold out this morning as I believe sterling has a lot further to recover/gain against the dollar and this will continue to fall. The bottom maybe when a Brexit deal is announced and sterling spikes. Then ( and its only a guess ) might be the time to buy.
Amazon opening online pharmacy is the reason for the dip in sector.
Debt levels are far too high and they are selling assets into a weak oil price and at the same time as many of the oil majors who are also going down the renewable route. They paid down debt last quarter by issuing bonds, not through profit. The market cap is now the same as their debt level. There is a huge amount of uncertainty with Covid, US election and Brexit ( whether a deal is done or not ) When Warren Buffett a long time bear on Gold buys in, you know the world economy is in trouble. To counter that if Trump gets in, ( Biden will be a disaster for the majors ) I suspect this will do well - but for how long ?