Member Info for MakeSomeMoney

Nice surprise. You don't see a 12% rise very often on a share like this. Happy to keep holding here. £5 next stop. Well done to the LTH! I think we are finally about to reap the rewards after a long long wait

Ouch...down 9%. I'm glad I held back on my top-up...wanted to see the trading update. Will look to add more once the dust has settled.

Not been in since PMO days . I made my Oil play gains in TLW and ENQ over the last couple of years but as of this morning all Oil money is in HBR. This looks way undervalued even with the noise of the Windfall tax....should be closer £5! GL all.

Back in at 250p. Can't believe I got back in at such a low price. Way over done. Decent update today.

Announcement this morning. I'm calling the bottom here!

Onwards and upwards.

David Duffy, Chief Executive Officer, said: "As Virgin Money continues to deliver against its strategic objectives and maintain a strong capital base, I am pleased to confirm the launch of our inaugural share buyback programme. Buybacks will play a significant role in the capital return policy we announced in May, as the Company targets profitable growth and distributes excess capital. Today's announcement marks an important step in that journey."

Sell off overdone IMO.

I'm back in here with half my stake. SP seems to have bottomed, good performance today. if it drops back I will be ready to add. GL all.

Mel - You may be right but I feel there is still going to be a few opps to buy lower here and elsewhere. I may be tempted to dip my toe with half of my intended stake next week... But also looking to increase my existing positions in itv, Smith and nephew... And looking for an entry in ulvr too. Plenty bargains out there!!

Mel - I too have sold out my STAN holding recently for a tidy profit and will be looking to re-invest that in here once market has settled.

Wow that seems an overreaction. One of my best buys during Pandemic buying at 69p and selling 325p. I will be keeping an eye on where this settles and may be tempted back in but really didn't want any more exposure to retail. Will watch from sidelines for now but its a good well run company and the results on first glance do not seem a disaster.

I sold out a few weeks ago... but surprised to see this drop back so sharply. Anyone know why?

I wanted to keep as much in cash as possible for next few months but I'm tempted to get back in if it goes much lower.

Is this really how it works? Not my understanding! But I could be wrong!

https://www.energyvoice.com/oilandgas/north-sea/419127/cost-of-new-north-sea-pilot-oilfield-could-be-reduced-by-75-by-tax-incentives/

Chancellor Rishi Sunak has said the government’s windfall tax measures are likely to fall away if oil prices sink below $70 per barrel. Idiot

Marshall Wace are shorting now so may stagnate from this level in short term ... And having over 40% gains a good time to take some money off table. This share has been good to me over the years and will look for a re-entry later in year. GL all.

Patience. Takeovers rarely happen overnight when a stock is undervalued. There will be more twists and turns for sure and this is likely to take months not weeks. Strap in, enjoy the ride... We have already come along way from sub 80p but still a long way to go.

Good to see Sunday Times article calling out the Tax for what it is. Pressure must be increasing now:

Sunak’s oil and gas windfall tax is worse than the one proposed by Labour, both in quantum and structure. It will raise an estimated £5 billion versus £2 billion, and it comes with a fiddly add-on — more of which in a moment. Global giants such as BP and Shell will shrug it off, but for minnows specialising in the North Sea it could be existential. Shares in EnQuest, which has sunk about £5 billion into the cold waters north east of Aberdeen over the past decade, fell by almost 20 per cent last week.

There was justified muttering in Downing Street that a windfall tax would be “unconservative”, so Sunak’s comes with a twist. There is an allowance that means for every £1 they invest in the North Sea from now on, operators will get a 91p tax saving. It is unlikely to cover up the bitter taste of all that previous investment being taxed more harshly and the predictability of the regime going up in smoke. One industry veteran says: “In terms of industrial vandalism, we may have reached a new level.”

All going according to plan. What's the next move MM?

Onwards and upwards. patience will be rewarded here soon enough.

Therapist : There is an argument to say develop NS to benefit from the incentive (suffer less from the levy) or say frikk you and go elsewhere. Oil keeps rising and there is another U Turn in the offing.

Whilst it encourages investment, there is no easy oil in NS any more. If Enq invest in Bressay and Bentley now to reduce tax what guarantees are there that by the time they are online the poo will make it worthwhile... And obviously then there is the fact that the precedent has been set.... If poo is really high then will Tax be hiked in another way to suit the government agenda at that time. Whichever way you look at it the upside is capped with little protection on the down side.

I think you misread Rom. The FTSE 100 ref is to Shell:

North Sea specialist EnQuest is drawing up plans to expand outside UK waters in an early sign of the impact of the Chancellor’s levy on oil and gas companies.

It came as Shell warned that the tax puts a decade of investment at risk.

The FTSE 100 oil giant, which is also understood to have raised its concerns directly with the Government, said: “In its current form the levy creates uncertainty about the investment climate for North Sea oil and gas for the coming years.

Journos maybe getting it wrong but it is clear that the Enq team have been busy getting their message out since announcement.

I expect AB will be seething and working with the other NS oilers to tell the government what they think. They will not take this lying down. I'm so angry I was forced to sell this morning when we had patiently waited and put our money at serious risk when nobody cared about us and others going to the wall during covid.

I still cannot believe what they have done. Absolutely bonkers and ridiculously unfair on the smaller NS focused producers