Member Info for lsetown

There have been a lot of dividends over that time though.

There are about 70 billion shares in issue and the final dividend was supposed to be 2.14p so I reckon about £1.5 billion

Just looking at the 2019 Rockrose accounts there is a $1.3 billion dollar liability listed and net assets of only $0.153 billion

They are much more affected by the oil price than Rockhopper.

There are large decommissioning costs and pension liabilities to consider with Rockrose. They probably need $50+ dollar oil - similar to Rockhopper in Sea-Lion - but Rockhopper have a possible fallback of OM arbitration. In theory we have a lot more oil here, but whether Sea Lion goes ahead and we get to see it is another question!

I bought some more of these in the last few days.
Mainly because I love the pizza and it must come back!

Lloyds have an end to the PPI payments and still have this years dividend cash. The government business support scheme doesn't look to me to force outlandish liabilities on lenders. I guess it all depends on how the economy turns around but I personally don't think it impossible that in a few years Lloyds is earning closer to £5 billion per year and the market cap. is now only £20 billion. Even if you think they could afford the dividend going forward then it yields 12%.

There are so many unknowns with bloody shares though aren't there - I think I should stop dabbling and come back in 5 years to see what happened. Rockhopper will be my first to look at!

What will I do with the extra free time?

Get a life I hope!!

Cheers.

DYOR

fecm - if you assume things will get back to normal soon, both Lloyds and Wetherspoons look cheap to me. Both are under half their peak share price and in theory were growing.

(I am probably wrong though! DYOR)

lol. I have up and down days on this share too and also have a lot invested here - but please make sure that any more money you spend here Gozzie you are prepared to lose!

It's a nice position to be in when you know and accept the possible downside to zero.

(Significant upside is still here IMHO).

£5 would be a great price, but will it get there?

If not will you miss out?

It's the low share price that is attracting them - the market cap. is around cash value and there are events that could re-rate the company upwards.

Things could still change here imho.

A good OM award and some time for Italy to get over this horrid disease. Oil prices to stabilise and Navitas to sign. FIG to agree the new partners and kill-off our CGT liability. That would change our value significantly.

Sea Lion may still get funding in say 2021 and if so we have hundreds of millions of barrels with production costs supplied (albeit via a loan with interest!)

£5.00 to £0.03 to £1.00+ is possible I reckon.

lol

Have you read the article?

Really all he says is that Tesco rang him up and asked for staff. He told staff they could go there or choose the furlough instead. Eitherway they will have precedence when the company re-hires. Doesn't seem unfair to me.

Yes - I thought it friendly really from Wetherspoons. You can get a job at Tesco's - I know that they want staff as they asked me. But if you prefer you can 'furlough' at home. Eitherway you will be at the top of the list for a job when we re-open.

If it gets back to normal then it's double your money in a year. DYOR.

Zero visibility short-term but I reckon there is a good chance everything will be back up and running by early 2021.

Loads of shops are shutting - Mcdonalds is the latest to say it is closing.

Is UK McDonalds going to go bust? I doubt it.

Is Wetherspoons going to go bust? I doubt it.

They are both great businesses.

No, it's fatigue from the relentless share falls.

"Of course in hindsight people should have sold here this morning when I advised them to"

How smug and trite.

Long-term though, say 2021 onwards, what is to stop this company being valued just the same as it was a couple of months ago?

That's double from here.

Why? The revenue stops but the staff will be paid for. 3 or so months later everything resumes.

I think your idea is generally a good one Yanbu-Arabia. All the parties will benefit if they come together and agree to find a way to go ahead.

So how to raise the $1.6 billion?

I think a really good idea would be for the FIG to now explicitly offer to share their tax revenues with the UK government in return for funding.

If FIG offered say a 50%:50% split (which I don't think is unfair considering the continuing UK support for the islands) then we could probably keep the same overall tax regime.

All parties to the deal should benefit hugely.