Member Info for jmak1912

Brevity without clarity - dreamy.

everyone content, you moaning.

What a crap person you are.

"As a result of the implementation of our strategy and risk management processes, at year end FY22, our order book does not include any fixedprice construction contracts."

This particularly stood out. Clear that after 15 years of beating, contractors are back on top.

SP is not the company - its an unloved company in and unloved sector - people are unable to separate housebuilders / material suppliers and the rest. Costain seem to be well positioned to take advantage of the current trends.

PE surely must be taking a look at this.

Very robust results - management seem very disciplined and confident.

One thing that stood out "As a result of the implementation of our strategy and risk management processes, at year end FY22, our order book does not include any fixed-price construction contracts."

Its these sort of things which makes a QS choice as CEO a good one in this environment of inflation, delays and liquidity issues

I think from a negotiating position those holding have a reasonable piece of mind given that the ousted management are the ones selling - they know what the have done and the actual health of the company this should take anyway any extreme discount due to the risk of findings etc. Personally given their previous communications and actions, I don't think a quick few million would not temp them to sell quickly. They will want a solid price, they must be kicking themselves for taking those measures just to meet targets.

I wouldn't underestimate these sort of metrics. Really is one of the best metrics for a companies health, importantly it helps attract and negotiate with suppliers. Real benefit is tights markets like this.

I like how he questions who he is...Bob Holt?

Suppose it fits in with all the other unknowns!!

Notice this a few weeks ago, seems like a slow build. 47p and I'm blue, have a feeling this one is going to rise nice over the next few months 80p is my targeted out/reduction

Silverlight, you seems to be a bit too optimistic.

I like the comment regarding trading, appears despite headwinds they have managed to navigate the second half of the year well.

The framing of the RNS was solid - made no attempt to cover up / undersell the issues but ultimately they see a clear path forward.

Personally cant see a drop on resumption, but I think that's beholden to the macro. Would happily take 50p off Boo for the lot.

2025 as per the financial frame

what about the left phalange?

The only good sign was the drop in net debt by circa 5m (31 July - 21 Sept). Typically Q4 is strong so this could have been further improved.

Given the investment by Matt Moulding / Boo. I can see this being taken over.
50p wouldn't be a bad price for the amount of revenue / EBITDA.

Naturally this really depends on the nature of the issues but surely you'd think Boo would of had some inside track / DD prior to buying such a material stake.....

Police officer crashed his car you numptey.

I fear in future they will be looked back on quite favorably compared to the rest of us who simply don't care / do not wish to make any sacrifice.

Peaceful protest simply does not work - I feel this is our abolitionist / suffrage moment and we are on the wrong side of history.

In theory BP's every dollar spent is returning 12% per annum (based on div savings and assumed BB cause related SP growth v share reduction i.e. market cap doesn't increase) on each dollar spent on buybacks......

Based on the an assumption that BP could maintain the current rate of buybacks / SP increased in line with BB % and dividend remained at 3.65% of the SP (i.e. on average increase with BB%) then over a 10 year period you would have 30% annualised returns on your initial investment (not considering reinvestment of dividends. This is also assuming the market cap of the company does not grow based on the rest of the FCF! also interestingly the company would also be paying out less per annum in dividends in yr10.

People are really overlooking the impact of the compounding on this.....

If oil can stay above a $60 average for the next 10 years then this is simply the best place to have your money.

Anyone else noticed they are showing the Q3 2021 slides on the results presentation.....

I have always believed BP are overselling their green transition to appear the best of a bad bunch in environmentalist eyes. Watch what they do not what they say would be my advice.

Just to be clear as I raised the point - IBRK Interactive Brokers will on increase maintenance margin from 33% currently to;

75% on the 13 October 2022
100% on the 17 October 2022

They state the reason being -

1) Elevated volatility
2) FINRA Ready Market test

Maintenance margin increased from 33% to 100% on IBKR (on 17/10/22).....interesting timing

I feel the suspension has been timed in order for them to catch the H2 uplift so the bad news can be offset. I suppose it depends how bad the news is, however there are positive signals for trading / debt / stake taking.

It would probably be trading at 4p in this market!