Member Info for Malvolio

Dominant economic positions
Visser sees risks arising now that the Netherlands is no longer self-sufficient in the field of gas. 'This means less good insurance against special events, such as a cold winter, technical problems or geopolitical use of economic positions of power.'

With the loss of its own gas production in Groningen, gas storages are becoming increasingly important for security of supply in the Netherlands, but then they have to be filled. In this area, the Netherlands is becoming increasingly dependent on Russia, the largest supplier of natural gas to Europe.

'We have seen for some time that there is no rush from Russia to renew contracts and increase supply', says energy economist Van Cleef.

Insufficient attention to security of supply
'Just as the strength of each chain is determined by the weakest link, the security of supply of gas depends on geopolitical developments', says Hans Grünfeld, director of VEMW, the advocacy group for business energy users. 'If something substantial deteriorates in this, then there is cause for concern. As long as that's not the case, the market can provide excellent security of supply.'

Visser does not have the impression that security of supply in the Netherlands receives a lot of attention. "The Hague firmly believes in "the market"," he says. 'Only in the case of "market failure" does the Ministry of Economic Affairs & Climate Think it has a task. I consider this strategy unsuitable on a subject such as security of supply. You're almost always late.'

Interesting piece about Dutch N Sea sector from Dutch financial daily, FD Ochtendnieuws. Should bode well for Kistos
Growing concerns about gas supply to the Netherlands

In brief
• Gas storage in the Netherlands has not been so empty in years and the price of gas has quadrupled this year.
• Domestic gas production has been phased out, making the Netherlands more dependent on foreign countries.
• According to experts, this entails risks for security of supply.
Historically empty gas storages in the Netherlands combined with high natural gas prices and increasing dependence on Russia put pressure on the security of supply of gas in the Netherlands.
The sharp decline in natural gas production in Groningen has made the Netherlands dependent on foreign countries for the supply of natural gas. Now that the price of gas has quadrupled in a year and gas buffers in the Netherlands are low, the debate is turning to the future of gas supply in the Netherlands.
It is striking, for example, that the gas storages in Europe in which Russia injects Gazprom are empty. 'I don't know what the reason is that Gazprom hardly fills its stores', says Martien Visser, lecturer in energy transition at the Hanze University of Applied Sciences. 'Perhaps Gazprom is counting on the Nord Stream 2 gas pipeline to be ready soon and is now selling its natural gas at very high prices', says Visser.
7 million households
It has already become clear that this high price could mean a significantly higher gas bill for Dutch households this year, but experts warn that the security of supply of natural gas in the Netherlands should also receive much more attention.
With the exception of Austria, Dutch gas storages are now the emptiest of all countries in the EU. The filling rate is only 38%. In recent years, the storage rooms in the Netherlands were more than twice as full around this time.
Together, the storage rooms, located in Bergermeer, Norg and Grijpskerk, have a storage capacity that equals the annual gas needs of more than seven million households.
Extreme remedy
'Where previously we could always fall back on the Groningen field, this is no longer the case and the gas field will only be used as a last resort', says Hans van Cleef, energy economist at ABN Amro.
Security of supply of natural gas has become a responsibility of market participants with the liberalisation of the gas market, but 'there is now no one who has the responsibility that there is enough gas in stocks in north-west Europe', says gasunie's spokesman.

Whoops, shouldh've checked back

https://www.malcysblog.com/2021/07/oil-price-kistos-petrotal-predator-and-finally/

I asked for £2,000-worth, got £1,309-worth - ie 845 shares @ 155

It's not a speeding ticket. Speeding ticket is usually on lines of "Price is all over the shop today. We've no idea why."

I seem to have written that post in stereo. It's meant to be mono.

Fair play to PrimaryBid tecchies, I sent them a snotty email and got a reply fairly soon saying issue had been fixed and inviting me to try again.
I did so and it worked, after a bit of faffing about.
Still doesn't address the question of why no desktop version.

Fair play to PrimaryBid tecchies, I sent them a snotty email and they responded fairly quickly to say they'd fixed it and for me to try again.
I did so and after some fiddling about the transaction went through, so they've partly redeemed themselves.
It still leaves open the question of why no desktop version.

This app is absolutely dreadful on an Android phone app and I won't be using it again. After several frustrating attempts at inputting the requested info, lasting more than an hour, I finally got notification that I have subscribed - for precisely £100 quid's worth.
I am most uneasy at entrusting sensitive financial details to such a flawed app so I won't be using the service at all as the desktop version has only limited functionality.
Process apart, the whole concept is daft - absent a desktop alternative, how can anyone be expected to absorb a wodge of detailed legal information from a mobile phone screen?

This must be one of the first British takeovers of a European company of the new PB (post Brexit) era. Is anyone expecting any political kickback from Brussels?

Hi MB, I presume your current platform is Eqi. I have accounts with Eqi and III and have found III to be superior in every respect. There were some glitches with III divvy payments in its early years but these were put right at the time, which was several years ago.

Coming late to this so don't know if this has been touched on previously, so stop me if you've heard this one before ...
That FT piece, published last March, refers to EU Solvency 2 Directive.
Treasury is now reviewing legislation in light of Brexit.
Part of Solvency 2 relates to "risk margin buffer."
Recent piece in Investors' Chronicle quoted one source as estimating easing this buffer could give a 12 per cent one-off boost to book value of M&G whose life policies are in run-off .
The boost would be down to two factors - increase in earnings, and gain in value of business written pre-Solvency 2.

A particular bugbear - reticent meaning reluctant.

At first glance this IT has a lot going for - a decent and consistent NAV discount, a good track record, and comparatively cheap US exposure. But its share structure looks weird, at least to non-Canadian eyes.
It's not clear whether it's better to go for the London or Toronto shares and all the FX complications that the Canadian option would entail.
And it's not a member of the AIC, whose website says: "This company has units in issue. Each unit is made up of common stock and redeemable preference shares. The common and preferred shares are listed on Toronto Stock Exchange and, in the case of the common shares, the MAIN exchange of the LSE. Shares are not issued and redeemed by the Company like shares or units of a conventional mutual fund. ".
Am tempted, but all this is putting me off.

And its Immunocore holding has got off to a flying start on the Nasdaqtoday - currently about 45 dollars, up from 26 dollars.

Bozza trip postponed until later in the year.

Bozza to visit India soon. Hmm...
https://www.theguardian.com/world/2020/dec/15/boris-johnson-to-visit-india-in-january-in-bid-to-transform-g7

Don't think they'll receive nothing - it's more a question of when, and how much. Cairn's reserves of patience exceed mine.

Could be wrong, but I sold out of Cairn soon after the RNS dropped. Took the view that (1) winning the Indian argument is one thing, actually extracting the cash from Delhi is quite another. And (2) the special dividend is in the price. Had a couple of SDs over the years, and somehow the net outcome often falls below expectations. Nevertheless, good luck to all remaining.