Member Info for JG68

So why are we barely above Oct 7 lows?

What is the market seeing that has caused this to slide from June through 2 good TUs, a strategic sale at profit , special dividend etc etc ?

Is this not a typical overreaction by the market.

Circa 20% fall when profit before tax still guided at 700 mill. Seems very harsh

Yeah apologies got that 250 figure wrong.

Panamapete

I knows it's a large payment but you have to consider that if the 1 bill target, 250 mill will be a special in addition to current 30 c p quarter payments this year, so you add on 250 to 486 already distributed which comes to 736 divis including this year's up to including the current one plus the special.

By my calculations that leaves 264 mill to be distributed for the remainder ( last 2 quarters )of this year and the whole of next year.

That is a dividend cut from current levels next year. See below

Including the Q2 2024 dividend, approximately $486 million will have been returned to shareholders since payments began.

o Energean reiterates its commitment to the existing dividend policy, which targets to return $1 billion to shareholders by the end of 2025. The Group expects to redefine its dividend policy upon Transaction closing.

Certainly not flying.

I think it's obvious that from what they've said a divi cut is coming in 25 if they stick to that target of 1 bill return to shareholders by end of 25.

Just to add if 1 bill is their target for divis, including the 250 mill special that means a divi cut in 25, because they will have returned 700 mill circa with the special

I'm a bit confused if they're selling off those 3 divisions to focus on Israel and Morocco, isn't anchois update bad news really.

And redefining dividend policy is concerning too and at what cost to the sp.

Oh dear.

From Enogs results

Anchois (Morocco) drilling operations continue, with preliminary analysis indicating volumes found in the Anchois-3 well are lower than pre-drill estimates. Further updates to follow once Anchois-3 ST drilling operations and ongoing technical evaluation are complete.

This constant decline over months now is beginning to worry me.

This and Chariot both falling every day.

I'm bracing for bad news here given the share price is almost where it was after Oct 7th.

Rewinding to where we were before c1 disposal.

We know already that there will be a cash outflow of 70-90 mill this fy 24.

We know that many of the exceptionals which will result in that outflow are non recurring.

So given that revenues will be lower this fy and there will be cash outflows purely on an operational basis, the fy results aren't going to be good, definitely not stonking!!

This assumes the c1 monies are used for debt reduction and growth.

Imo the outlook statement next March after a few months of the new year will be crucial.

At some point the market will have to start forward looking, but CPI it's simply not yet.

Hope it's not the start of another slide down.

We so need a meeting guidance TU in October, not a repeat of last year.

Awful day, ftse 100/250 both flying back, half my portfolio red. Mainly energy cos and 1 transport Co.

I give up caring now, we can't get a decent break here, other than the new cfo.

Write these off for another year

Scrap that, found it again

Sorry got it wrong, been panicking all night because I rely on it so much.

It's cgtcalculator.com

I need some help.

I was using the above website to work out all my gains/losses/averages when selling and buying back within 30 days to comply with the rule, for submitting my self assessment.

Given the number of trades sometimes involved each year and the times I've sold and bought back in 30 days, it was invaluable tool to work it all out for me, abd then submit the computation with my self assessment.

I find working out the price paid etc when trading within 30 days very confusing.

Anyway the websites gone and I have the entire years trades fir 23/24 to get done but am unable to grasp how to do this correctly.

Can anyone signpost me to a website or tool for inputting trades dates, stock, number of shares, price paid, dealing fee and stamp duty which I have all on a spreadsheet , to work out the numbers?

Or are there specific accountants that deal with this sort of stock specific computations?

Much appreciated

Point taken, and tbh I'm bored and feels like such a waste of time since no investment there.

Aimmaster

Totally agree with your view here.

When US recession confirmed could easily see year lows 102 or even 90s.

Drahi selling his shares to another tycoon is like swapping deck chairs on the Titanic.

Foreign ownership under labour won't happen, cost of living just beginning.

Maybe 110 UBS price is optimistic.

Maximising

I know exactly what you mean!!

It's the 30 day rule and how different platforms record your trades / averages that's baffled me.

I've for example had 20k shares in shoezone averaged at 1.75 and sold 10k at 1.75, then rebought 10k at 1.40 within the next 30 days. So theoretically I've paid 3.5k less for the same amount of shares, and theoretically reducing my average down to 157.5 however after the trade is completed my AJB app says that I have 20k shares still at 1.75 and shows that I'm 7k down.

But I'm not I say to myself, I've got 3.5k cash and the same shares. So after a period if time and doing it with various shares you lose track.

They tell me it's because how they're required to record trades / amounts for HMRC accounting purposes. But II records it as it is ignoring the 30 day rule.

I think Mary is probably the Godmother of add and trim, and probably has a system to not confuse herself.

When it comes to doing my CGT return each year there would hundreds of trades to go through (outside Isa/Sipp) to determine correct averages for accurate profit/loss hmrc purposes. So I've found a website capitalgainscalculator.com that enables you to put each trade in a specific format (and I often have hundreds all copy and pasted in this exact format) and paste into the cgt.com calculator, and it produces a whole computation of your whole years trades, profits, losses, tax owed, holdings retained at year end etc etc.

I would never be able to work it all out outside isa/sipp.

I don't do this too much in my isa because I'm well down overall and have 1 large holding of 1 stock that I just hold and am waiting for that stock to recoup my overall loss in my isa.

Hooe this helps and is what you were referring to.