Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just wondering, is there any evidence that workers are being squeezed? Or are the Unions just taking for granted what the gummint are saying about the ”obscene” profits, the same ”obscene” profits that are so big that the likes of Enquest are close to the cliff?
Current total short position for Enquest is 2,2 % according to swedish Finansinspektionen. Citadel is the only short reporting position over 0,5 %, and the other are under 0,5 % hence unnamed.
https://www.fi.se/sv/vara-register/blankningsregistret/emittent/?id=2138008LJU6WFQWOXJ73
He mentions that there is still the potential for a price trigger in the spring budget. Now, that is on wednesday and given Enquests usually very careful stance, I look at that statement as very positive. Thoughts from others?
After thinking a bit, yes You are totally right Mansardman, we have been all too soft of the main man AB, probably because he is the biggest owner we give him him the benefit of the Doubt. But that is the the wrong way to look at it. We think tja because of that he will look after the shareholders. But obviously not. Duh!
If he had been an emplyoed CEO, I believe the critisism about not being shareholder friendly would have been fierce, as it should. Okey, I am inclined to give AB one more chance as the gentleman he tries to convey he is, but if he does not manage, not just try not try mind you, but manage to put communications and actions in place to support the SP, I will be the first to call for change of management.
Totally agree Kraken, we have given a life-line to the company several times and the company could have done so much more for share holders including communication on buy backs and distributions if not actual actions.
Kraken: I was also disapointed with lower production 2023 planned for 2023. However, they mention (apart from fast pay back drilling) M&A which utilises tax position etc. They also that EPL has affected growth ambitions….. in the UK. I think they plan to buy in somewhere (probably Malaysia) abroad. This will probably fix the growth.
Romaron: Yes! I am the furthest on the shallow currently dipping my right toe!
And yes, it is all to the good to keep things simple. That said, Stevos perspective can not be left without thought just because a strict interpretation of EV says that lease liabilities are not included. Why? Well, because people like Hosie might just use another way of calculating and then it affects their valuation and thus share price. I will use another billion as debt in a ”shadow” EV-calculation just for considering the ”Hosie-issue”. Still have a million shares.
I get the different opinions, and instead of another one arguing back and forth I would appreciate someone with a good handle on the numbers calculate what Stevos EV-value (or whatever you call it) would be.
Romaron,
I understand that backwardation is indicative of à tight market and thus a good sign. As I remember though during the 2005-2008 runup i oil, there was mostly contango. I believe the explanation then was big interest from commodity funds. As such, there could possibly be a future period of contango coming if we see such development again, and this without it being negative for either oil or stock price. You have lots of experience, any thoughts on this?