The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
The SP should be reacting to the falling debt, bit like a set of scales but its not. Surely at some point this has to start doesn't it ?. We can't have $3.5b worth of plant, $3b in Tax credits, Production at 44k, buybacks and a massive reduction in lease costs and still only have a Mcap of £300m can we
The first phase of the Programme will be carried out through an agreement with Merrill Lynch International ("Merrill Lynch"), pursuant to which Merrill Lynch shall purchase Ordinary Shares as principal (and not as agent of the Company) for the subsequent sale on to, and purchase by, the Company. This agreement will initially run from 29 April 2024 to 30 June 2024 (subject to no regulatory objections or concerns arising), for an aggregate consideration of up to, but no greater than, $15 million. Merrill Lynch will make its trading decisions in relation to the Ordinary Shares independently of, and uninfluenced by, the Company. While the Company has launched the Programme, there is no certainty on the volume of ordinary shares that may be purchased or any certainty on the pace and quantum of purchases.
if you disagree with anything coming from the left you are branded as a far right extremist and that tars you with being a ****** now, they've done a good job with this propaganda campaign is working
bit like the knife crime victims moaning about their kids being killed but when stop and search was bought in they jumped up and down calling it ******.
red ed going down the same route and will blame someone else for the blackouts and the mega expensive electricity when the subsidies run out.
my god we need to get back to some sort of normality and common sense in this country before these politicians and university lecturers and the media really frack it up.
I don't think they will and the remaining cash will be passed on to the second stage
like I said they could have bought a fair chunk yesterday but chose not to.
Do they want a cheaper price or are they trying their luck by not paying more than 16.2p
They could damage the SP if not careful and would Enquest be happy with a lower mcap but a higher number of cancelled shares ?
ML is adding to the downward pressure on the SP. ML could have bought a fair amount yesterday between 16.2 and 16.4 but chose not to.
I think we need to stop thinking this first small offering of buybacks will return any shareholder value.
We need to wait for next year when the company is in a much better position to pay far bigger returns.