Member Info for LucifersConsigle

It should have entered "I think not". The barrage of ad content on this site is making its use very challenging.

"Every party"??? Greens? LibDems? I thin k

For those not aware, Allan Gray is a (highly rated) South African asset manager (not a person).

All well and good. I am a long-term investor. I have held HBR and SEPL for about 5 years now. You know, one producer in a nice stable jurisdiction and one, pushing the risk boat out, in a frontier market. Haha. Outcome? SEPL has delivered great value (350% up over 5 years); HBR great value destruction. Lessons to be learnt from this experience.

@Dark _Knight2020 ... Threatened sanctions against Indian refiners that are refiining Russian oil

Agree. These things are a sideshow. Total return to shareholders is hardly award-worthy.

And nobody cares. No value whatoever attributed to any asset exposed to Miliband risk.

On a day of crazy price movements, this is just another one that makes no sense. HBR reports in sterling and oil price pretty flat in sterling terms. Also, of course, HBR is about gas as well as oil. Of course US oilers are up today, notwithstanding marginal drop in oil price. Lots of noise, but probably good prep for the next 4 years.

@tmnky, to quote an earlier post in the thread "I had forgotten that letter one only have 6 months to convert their non voting shares to ordinary share. Perhaps they are involved in the current goings on. They only have just over 4 months to convert".

So, clearly, there is some confusion. I do apologise for offending you by trying to help someone o the board out.

For the benefit of those on the board who have misunderstood the LetterOne situation, it is this :- they can convert their shares to ordinaries when the "sanctions situation" concerning their shareholders resolves. Until then, they have economic participation rights but no other shareholder rights. The 6 month issue relates to the lockup period i.e. no Wintershall Dea party may sell HBR ord shares until 6 months have expired. It does not affect the LetterOne conversion rights. The point was if by some miracle they were able to convert within the 6 month lockup period, the lockup would apply to the converted shares.

The mind truly boggles. They are being removed from EU sanctions lists because the basis was spurious and unfounded, as they successfully showed. But this is the UK, where individual liberties seemengly no longer count for anything. The UK courts refused to look into whether UK ministers had valid grounds for sanctioning them. Get your heads around that, sports fans. That is just for starters, the rest is just the usual Guradian ideological rubbish.

They are truly beneath contempt.

WAY more stable than the UK, certyainly.

Has the actual agreement itself ever been published? Does anyone know where it can be found?

Norway is high tax, but it is consistent, predictable, reliable , in marked contrast to the UK, which is frankly, a banana monarchy.

Concur, really useful sensible commentary. Makes the effort of sifting through the drivel that is posted on these boards worthwhile.

So, we can expect details concerning a UK stocks only ISA. So that punters can invest in stocks in poorly run companies (like LGEN) traded on a dog of an exchange, based in an atrophying economy. Can't wait.

SEPL price enjoying a nice uplift today. At least some of my investments are in stable, predictable jurisdictions like Ngeria. A decent hedge against the populist mess that is the UK ...

Clearly the market is looking for a FCF yield of over 100%! FTSE is a joke.

Share price ticks up nearly 1% ... the LSE is a dead market.