Member Info for JG68

Auson

Yes indeed do recall the bond price also falling off a cliff.

Thanks for the reassurance

This is exactly what happened at PFC, shorts increased gradually from 2% in October 23 to 10% by year end.

Let's just pray and hope they've got this wrong

So they've allowed 13.3 million for the remainder of potential remedial works.

Do people not think that's sufficient?

No director buying since 2022.

CEO has only ever made 1 purchase for 32k shares in 2022.

Maybe her salary isn't large enough.

OK fair enough Icecool.

So what is the consensus about realistically whether goodwill impairment ie the 850 at HY will form part of this review?

I know you don't think it will Icecool, but despite the wording in the RNS, can't see how an impairment of that scale won't be reviewed.

PFC won't go bust, more likely to be an even bigger d4e than already forecast.

Poor guidance from the BOD in September:

Group production guidance narrowed to 155 - 165 kboed (from 155-175 kboed) for 2024, to reflect year-to-date performance in Israel and the actual start-date and expected ramp-up to full production of Cassiopea (Italy). 115-125 kboed is associated with the continuing operations1.

Now 2 months later 150-155.

And this is how the market reacts.

You have to start questioning if it's worth holding for dividends when you get such significant capital depreciation.

Same happened in June.

Bear in mind the next dividend and the special whatever that is will also come off the Mcap.

So what will the price be by then.

This share is now striking me as too volatile in terms of market reactions than regular dividend stock.

There will also be a redefining of the policy to consider lost income from the sales, until Karish is producing gas in 27.

Really undecided here now

Genghis

Helen said at HY in the presentation that the buy case for the Canary business was more than justified

At least pets has been clear about the hit next year , 18 mill.

A slight reset going forward, dividend maintained, Eps still higher than when OP and net profit a fair bit lower.

Hopefully golden period to come

Would you not assume the 850 mill goodwill impairment is also under review?

JO

Aimless opened a short on Ether on Tuesday and it rose 10% yesterday!!

Aim you're lucky you closed your ether short!

"Market may well have been expecting what was coming and prepared themselves well to execute"

Possibly pokerchips, however i don't recall any significant rise when they guided 144 in August.

I think we are in one of those periods where any guidance downgrade, however small in the grand scheme of things, or even a meeting guidance but towards the lower end, ie JD, companies are being severely reprimanded by the market, probably over the top considering.

There's a whole list of them really, BME, Kingfisher, JD, now Pets, all of which you can argue are well run big guns, possibly it's the retail sector element couple with increased labour costs next year.

I'm adding in small tranches with these, rather than doubling or anything too weighty.

Pets a decent company, one could even argue almost a staple dominant player in its niche sector.

Https://www.proactiveinvestors.co.uk/companies/news/1061640/dr-martens-set-to-unveil-loss-as-all-eyes-on-outlook-in-results-1061640.html

More likely to be job cuts than pay rises and the NI additional costs, which we still don't know.

Funny how they close the ballot on Dec 17th date of the ore close TU.

Maybe some leaked info on FY results expectations given unite have said that CPI are profitable. What does that trouble maker Sharon white stilleto Graham know then.

I think it's quite appalling that there have no BOD buying shares since the CEOs 1 abd only purchase in May 2022 , 32k shares at 3.09.

Anyone feel they should set more of an example?

Incredible fir the BOD of a public company to show such little faith by putting no skin in the game.

JO

Another for Laura's filter box!

And just for the record, I'm not at a point of singing his praises, but my previous ranting at his performance generally, was mostly unjustified and letting out frustration.

Have you opened a short here aim?

Make up for Ether!!