Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Who you refering to??
JL ... big correction/crash will come from a recession... follow the 2y 10y spread for that... currently around 25 but consistently in a downtrend during the past 2 years ... once negative, get the Fudge out...
Meanwhile enjoy the swings we've been witnessing lately...
Remember world economies cannot sustain $100 oil... once we reach that price, it wont last... inflationally pressure from POO coupled with QT environement will accelerate 2y 10y trend... followed by the fall of the house of cards...
China, US and Europe cannot sustain $100 POO (were not in a QE environment but QT)... although probability of reaching $100 in the near tern is quite high, it would not last.
2y 10y spread in the 20's ... and consistently decreasing over the past couple of years. Any inflationary pressure (mainly from oil) would only accelerate this downward trend... and boom, recession => demand destruction... back to square one...
Careful what you wish for...
So yea you're righ Geo... £5 based on Poo probably a pipedream...
...like a stone...
... hopefully will get some support from Tuesday/Wednesday inventory numbers...
otherwise... ouch....
Yellowcake
There is no worry about a big drop in in SP because of what's happening in Turkey... worst case would be some pressure if Bilgrim increase their sells...
Genel is still producing Oil and exporting via Cehyan and getting paid in US$...
But i think Gas project likely to be delayed just because the main prospective investors in the project (Turkey, Russia and even Azerbedjian) are low/limited on foreign currency... unless of course they pay their share of the gas development in Lira or Ruble which is very highly unlikely).
So not expecting any sharp increase from Gas news either until this whole Emerging Markets currency crisis is over (not anytime soon since the US is keen on punishng both Russia and Turkey). Freakin Yanks!!
Meanwhile SP shoud benefit from increasing oil production and prices... but that performance will only be in line with market trend...
Hi Thunder, ...yes liquidity issues (and yes its a hedge for now but not sustainable)
Bilgin invests in Utilities, it owns them... feedstock of these utilities (mainly gas) denominatecd in US$ while income denominated in Lira.
Turkish FX rates have more than double recently which means income has halved and cost of input doubled as utilities will have to pay in US$.
Almost the entire Bilgrim balance sheet is Lira denominated since all the Group's investments are in Turkey... Genel is one of the few if not only Foreign currency investment they have (+ its liquid).
Unless FX rates reverse, Bilgin will have to draw on its limited foreign currency reserves (including Genel shares)
Energy prices and mainly gas prices are soaring in Turkey... Utilities need Foreign currency to purchse... their Turkish lira if converted into lira would deplete their coffers since FX rate is spiralling downwards. Better preserve Turkish lira to pay for salaries and admin expenses in local currency.
Reduction in stake comes to no surprise as it generated Foreign currency to pay for gas... more expected if situation worsens.
Downside of all this... any plans to invest in Kurdistan are now put on hold since Turkish companies are now low on Foreign currencies (i dont think Kurdistan or Genel would accept the Lira as payment)... Same goes for Russia (with sanctions looming and targeting Foreign currency avalability).
Need to dump the $$$ and trade in local currency... one day... but sooner than everyone thinks..
Addiicton to sanctions... reminds me of the Spanish Emprire when it started sanctioning the Ducth as they grew stronger economically... you what happened after... The Ducth Empire...
Will not be different this time..
Grumps... i think you spent way too much time with him...
Reality is that he was in for quick multi-million stint ... while all PIs still living in hope of a dream that was sold to them by Indro and predecessors... all this under the cover of "value creation and capital return"...
Wonder how Indro's been spending your monies... especially that £1m goodbye bonus ..
Chinese tariffs:
- decrease in US exports
- less inventory draws / more inventory builts in the US.
- increasing WTI/Brent spreads...
- More upward pressure on Brent (not WTI)
Yellowcake...
Nie!!! Quite a bit in common here Candid...
USA: UEC
Canada: FCU, GXU, SYH, CVV, AL
Australia: VMY
LSE: YCA of course
Almost fully loaded... confident about all except for AL (ALX Uranium)... purely went for it on the back of its micro cap <$10m... been eyeing ISO for a while now... but not sure if i shoudl replace AL by ISO...
What made you choose ISO?
Cheers
ROS you should seriously stop insulting people... you can be blocked for it you know...
I really hope all the best for you... Genuinely so...
Indeed ROS, May god have mercy on those poor souls... Especially your dear buddy MRD...
Yellowcake
Sometimes you gotta listen to the kid...
...Great reuslts + Iran sancions... timed to perfection!!
i hunt for opportunities and ask serious questions before specilating (unfortunatly these question hurt the emotionally involved)... if i only get dreams and aspirations from holders as a rationale for owning a stock then i propbably walk away...
i look for people smarter than me so can follow there footsteps... doesnt look like all find any here...
Its very simple marsh, Major shortsellers owning stock + CFDs, and random fund with funny name and no track record of any succesful investement doesnt sound good (at all),
So if you can't answer these simple questions, then its alright ... no need for a history lesson of why you are on here... i really dont give a f***...
I'm sure it must have been a tough and extremely frustrating ride trying to keep the dream alive here over the years... but honestly try thinking with your head...
i can always be wrong if u answer my questions...
...or is it one of those u gotta believe kinda investments??
No shame in either
capital return ... looks more like a dream...
Holdings RNS... Who the hell are these guys Beach and Sand funds??
And Polygone??... they are major short-sellers... why would they own WTG (some kinda hedge?)
Many of these own this through CFDs... anyone knows why?
Remember, these guys have been increasing holding on the way down... never ever seen funds average down like this over 3 years... especially not by owning CFDs...
This is dodgy AF...