We would love to hear your thoughts about our site and services, please take our survey here.
£40k buy just after hours, suspect that's a proportion of the short being covered. Disappointing for those spooked into selling, but that's AIM
There is no evidence that they are losing money. They are a very low cost producer in Vietnam and given that 50% of production this year is hedged at $53, then Egypt losses would need to be astronomical to An overall be loss.. I think that highly unlikely.
You may well be correct. A distinct lack of meaningful cost data in past years accounts and the 2020 agm update makes it very difficult to draw conclusions. At least not paying a divi preserves cash. It may well be that the Egytian venture ends up crippling the business.
SSE announces commitment to significant investment in wind farms, hopefully that will translate into work for H&W.
Hopeingmore, don’t see how you come to that conclusion. Cash operating cost $12/bbl and expectation is 25% reduction in operating costs. With hedging in place and rising oil price this must surely bode well despite Egypt
What a waste of money the ill conceived Egyptian venture is proving to be
In the absence of news on ML it seems likely the sp will drift down below 0.3p providing a great entry point opportunity. If so I would be very tempted to add another 2 mill
interesting feature on this programme today discussed studies underway to mix hydrogen and bio-methane with natural gas to reduce carbon levels and prolong the use of the existing grid infrastructure which would be prohibitively expensive to replace. This would obviously lengthen the life for natural gas requirements and thus storage facilities.
As SD's work has demonstrated that, despite the huge volume of shares on issue, this stock is very tightly held by investors who, like myself, have been around and accumulating for quite some time - a consequence of which is that many of us are sitting on losses. When news lands, which it undoubtedly will, there will be a clamour for the little stock available as I don't see many considering selling until the SP has risen significantly.
I’m holding 18 million, having come this far I have no intention to sell, **** or bust for me!
Ventilators production, anyone know whether H&W has any involvement?
My share holding now decimated to a few hundred quid in value. Not worth selling but doubt I’ll ever see a return. Painful lesson learned.
Not long before testing 40p and some, only to be expected after 50% divi cut
Nobody is making any real money out of this, it’s just a reflection of a switch away from investing in fossil fuels. Long term outlook for oil is not good and producers like Trinity need to be realistic and give something to share holders before it’s too late. The Board seem fixated on growing the business, so come the next spike I will be selling with no intention of buying back in on the subsequent drop.
Radio 4 news item that protection agreement for protection of Titanic grave site will be announced today in N Ireland where ship built. Small item , all adds to positive exposure for H&W.
Pleased I learnt from past experience and so sold a proportion of my holding at 13p. I have no plans to buy them back and live in hope that when we eventually get an update there is a commitment to an affordable dividend. 2p would not go amis!
Checked in this evening expecting to see a couple of posts pertaining to new Chair appointment and prospects for the week ahead, wow what a surprise? Leesa certainly knows what buttons to press?
I’ll add my two penny worth. As I recall going back 15 months ago when Arum demonstrated a compelling business case for gas storage at IM, it was predicated on a continuously fluctuating price of Gas to which IM would be able to be particularly responsive - buying and storing when price drops and selling into the market as prices recover. Subsequent to that, the FEED demonstrated a lower build cost and H&W opportunities are likely to bring further savings, thereby strengthening the business case.
Typically strategic infrastructure projects where there is a strategic/social benefit often only seem to gain momentum after the pain has been felt and fingers pointed. I hope that on this occasion government displays the good sense and foresight to act before it is pushed, particularly as IM represents a win win for all apart from seemingly Leesa and Naz!