George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
AviLease, a jet lessor owned by Saudi Arabia's Public Investment Fund (PIF), is said to be in advanced talks to buy Standard Chartered (LON:STAN)'s aviation finance business in a deal which could be valued at 3.5 billion euros ($3.75 billion), Bloomberg News reported on Monday.
Loving the solid SP rise here. Rewarding patience finally. Plenty left to go IMO. Won't take much for this to get to 220p providing markets are steady.
Agree Jimmy. No need for this. You both add valuable input here... No need to have a spat over nothing here. Move on... HTG on the up ;)
Agree... General market drift could still see this touch 200p... Personally I think we have bounced here but like you say separating out what you want to happen vs what is actually happening is not easy! Either way comfortable to continue to hold... The real action here will be later in the year I think.
Stupmy.. I can see why you would say the news today may not result in a material sp increase on its own (certainly not in the short term) ... But I don't see why it would be used in any negative light to close a gap.
Positive news flow continues. Management recognising the dire SP performance and making a concerted effort to change sentiment. CMA later in year and I wonder if they consider US ADRs again.
This will eventually turn and bounce big...cant stay at these levels for much longer imo.
Agree Mary. When this moves it moves quick. I still think the cash flow guidance was pounced on and used to drive SP lower... I think management are well aware and on todays update they were again quick to state guidance in that regards remains unchanged. Second half of this year should see cash position improve, CMD later in H2 so for me this is set up nicely now... And hopefully bottom seen.
Nice reaction to the news this morning. The SP needed something to change the sentiment. Hopefully the start of a big bounce up. GL
Carrington - Agree re blackrock. Looking at SP action this morning they are probably unwinding that position now!!...amazing rise particularly when you consider it is a bad day on the market. Enjoy the G&T ;)
Happy Days... +11% :)
It has been a long road....but it looks like the market is waking up to what most of us have been saying here for a while. Covid wiped out some key competitors, M&S is taking share from likes of Debenhams...the new concept food hall in the newer stores seems to be a massive hit. Also the hot food counters in the Food halls and partnership with Costa...both seem to be a hit... whenever I have been trade always seemed to be good and that is during the cost of living crisis. It has been said on here many times that the demographic shopping in M&S would continue to prioritise spend on quality food and the experience of an M&S shop...these results seem to back up the theory.
I think there is a lot more to come. The management are doing all the right things...unlike JL/Waitrose...MKS is on the up and I expect for the SP this is only the start.
Solid results. Well done LTH. Future looks bright for MS
https://www.telegraph.co.uk/business/2023/04/30/oil-companies-freeze-north-sea-investing-windfall-tax/
The boards on lse have been saying this since it's inception but my god when you read the article it is barely believable how any sane government could do this.
Ex-div today
Yep agree cta which says to me they are quietly confident of beating expectations this year but too early to commit to that atm. This one needs patience but will come good later in year imo
Some clarification on cash position :
As previously indicated, working capital has increased in the quarter consistent with the ramp up in activity, with the Group moving into a net debt position in the period. Working capital is expected to peak during H1 2023, with net debt in the range $30m - $50m targeted by the end of June 2023, followed by cash generation in H2 2023, with management targeting positive cash and bank by year-end.
I dont think it was the downgrade as such Stupmy. It was the results that triggered this. And we discussed here at the time it may have been down to cash flow levels. I don't think it is a worry, certainly not bad enough to warrant such a sell off.
We are due a trading statement in a couple of weeks...I would hope these concerns are addressed then.
That's about as good as it gets on results day for ENQ holders. Usually SP is hammered good bad or indifferent.
Onwards and upwards from here. Gl
Adamplant.... 4 posts of drivel is see on HBR too. Ignore
Thanks for the explanations on GE poor performance. Wow dry hole on a well known reservoir... That's disappointing and now i understand your point mrc with not being operator.
Sorry catching up on news missed... The OPEC cuts caught me off guard! I need to read up on last few updates again... I seem to remember some better news on Magnus.
Anyway.. Tomorrow we break 20p...onwards and upwards
on what basis mrc?
Did we get done over on this deal. iirc it was a significant drop in production against what was pitched at purchase of the asset. Thanks