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Happy, you’re right CFFO is consistently good over last few years. Unfortunately, what Shel do with that enormous pile of cash seems to be more driven by avoiding negative PR and political comment than rewarding shareholders. If they’re too scared to give lots of it back to shareholders in dividends then I just don’t see a reason for share price increases.
15% of not much doesn’t get us back to previous divi levels anytime soon.
Lots more reward out there if you can’t rely on SP growth.
2nd quarter results report completion of $3.6Bn of buybacks - yet SP still off recent highs! They’re now about to chuck another $4Bn down the same hole.
Only good news I can see is debt reduced by $4Bn.
Still out and watching here but can’t see any good reason to buy in now (especially if Char is).
Simms - please learn to read the RNS before you type your normal rubbish.
It’s not 15Mn for services, it’s for services, equipment, commissioning and licensing!
Otherwise your normal repeat of blah blah blah rose tinted glasses blah blah blah jam tomorrow blah blah blah everything’s great blah blah blah.
Just looked up share prophets on EQT. In 2018 or so they were saying EQT's funding was questionable, they couldn't see when any income streams would actually begin and that EQT communications were atrocious.
Much like C909 indeed, but then again much like the view of significant numbers of shareholders here and indeed, very much like historical fact over last 5 years.
Andii - how have you lost money? Given your certainty on the rosy future and eternal trust in funded broker notes , I can't believe you'd sell up, so surely only a temporary paper loss for you - or a buying opportunity!
A couple of posts with potentially optimistic outcomes.
Politicians do like to make announcements on foreign visits. If Turkey were going to reopen the pipeline then the Turkish PM announcing it in Iraq is good for PR / votes.
Whose oil is KRG passing to Baghdad in Morbox’s article? Is it from ventures where Genel have a stake, if so then limited production still ongoing so monies owing to us might be racking up.
Thanks Spot.
So the much touted Tier 1 partner has chosen to invest in NPT rather than VLS. Time to change those PowerPoint background slides VLS.
I said at AGM that neither of the much touted Teir 1 partners (BA or Bechtel) actually contributed any funding (BA with a meaningless off take option and Bechtel merely acting as a subcontractor). Looks like I was correct!
MCSquares,
Share price rises following dividend cut!!!!!
Are you watching the same markets?
Shell price didn't exactly soar when they cut dividend did it? £24 to about £10 from memory.
If you don't like the way they run the company don't invest - there are loads of other companies with smaller debts and smaller dividends.
Most Shareholders like the business model.
Nothing official from Genel since 11 May Trading and Ops update.
No sales, no income and I guess no production since pipeline closed. No news on cashburn or attempts to purchase their way to diversification.
Is no news better for the share price than the truth?
Not sure why it’s great news. This is not an id x type deal it’s having some Irish one man band act as an EQT salesman in Ireland. No record of success evident online and his strategy is “shaping” - we need finance, not some environmental shaping.
Nothing to see here other than time not spent on refinancing Italy.
Focus EQT focus!
Can't read it all as it's behind a firewall but if the headline is correct why no RNS?
If IAG are going to fund a VLS Teeside production facility that's game changing news.
Girlfriend's car insurance.
Admiral renewal quote £645
Aviva Zero for exactly same cover £291
So they're offering good deals for new customers. Buying / managing policy online all very simple - no need to talk to anyone and very quick.
Capitals for a longer post are quite expensive so be appreciative of VLS saving a few pennies.
All looked pretty small with an even balance of buys and sells before 1000 so was wondering where the uptick had come from. Several chunky sells after 1000 (260k, 85k and 174k) but price not dropping. Someone knows more than me (well probably lots of people).
Great to see the rise, slightly frustrating not to understand what is driving it :-)
Not bothered rather than naive! If a buyback announcement without buying supports share price (it recovered a bit and hasn’t dropped below 85p again) then I’ll take that.
I’ve got a £500 automatic overdraft I never use, a credit card limit of £20k but never spend more than £800 a month and a bike that can do 160 but has
never been over 120.
Sometimes it’s nice to have that margin of performance / finance that might come in handy even if you don’t need to use it.
If you trust Rusty to run the company let him do it, if you don’t then invest where you’re more comfortable.
After issue of the RNS they have the flexibility to buyback or not.
Without an RNS they wouldn't have had that flexibility.
Your maths might well be correct but DEC never said they'd buy the maximum allowed and you're basing your buying rate on a single day's trading - not necessarily the only way to forecast future buying (if there is any).
As Trek says:
The Buyback RNS states: "Under the Programme, the Company, at its discretion and on occasion, may (subject to applicable law) purchase its Shares in open market transactions depending on market conditions, share price, trading volume, and other factors."
It then gives a max number of shares and a max value of purchased shares - there is no stated minimum. The company is also free to pursue this CoA until mid 2024.
I don't see any breach of the RNS - and most shareholders here appear quite happy with BBs when market conditions are suitable but would prefer a better use of the money where opportunity presents.
Why might DEC want to influence its share price?
Cos it’s a performance metric for directors.
Cos directors own lots of shares.
Cos it increases market cap prior to a potential listing.
Cos if it’s done prudently, cognisant if low prices, exchange rates and big dividends it’s profitable.
How many reasons do you want?