Member Info for MPO818

DU thank you for sharing the link - I watched and listened to the whole program, with your highlighted time links firmly in mind. Good to hear Malcy mentioning Buchan, which he remains positive over. AA's personal stake in KIST is most impressive and their recent expansion into OMAN is good news for shareholders. His final summary on what he and other directors look out for when considering future investments is also positive for their shareholders. The JOG directors also have decent skin in the company, although they do not appear very transparent regarding their own shareholders. My personal hope is that Serica come to our rescue, I'm tired of this investment. Have a relaxing and peaceful Christmas.

This is their protection when causing a crisis that doesn't exist.

IMPORTANT LEGAL DISCLAIMER

THIS REPORT AND ALL STATEMENTS CONTAINED HEREIN ARE THE OPINIONS OF GRIZZLY RESEARCH LLC AND ARE NOT STATEMENTS OF FACT.

Excellent interview. History of turning a £7m company into a £100m+ company. The explanation concerning the partnering with a S&P 500 company indicates to me that they may well take AFC out. Wilsons overall attitude to business is very refreshing when compared to Bond, 2026 could be very interesting for LTH's.

Fahrenheit451

I have a rolling sub for the digital version of the FT, cost £153 pa - I consider that excellent value, last time I bought the actual paper (weekend) I'm sure it was over £2.

Varnish, your view is correct, however the value of those tax losses to others will probably not match the value our greedy directors want for their shares and whilst they have £10m+ to milk their over generous salaries (for doing exactly what) for the next few years, I feel LTH are somewhat stuffed.

I hope I am proved wrong - I should have cashed out at 160p, and moved to another bus.

I have fired off a couple of emails to Laura Kuenssberg highlighting Starmer's inept understanding of the WFT, Wonder if it will be followed up.

"Staggering ineptitude" or perhaps just plain criminal - Perhaps it was explained to him by a certain lady from account or even worse his energy minister. Do any of them understand the policy.

The company closed the issued RNS on 27/11/25 with:

With clarity on the longer-term tax regime now provided, the Company will be working with the Buchan joint venture partners, NEO Next Energy and Serica Energy, to assess the impact of these changes on the Buchan project.

"Working with" I think means having a chat. On the budget announcement the shares rallied to 164p, and as I write they they are 82p. I hope the "working with" is sometime very soon. I the meantime perhaps another 50% (or more) cut in costs should be on the agenda.

Some straight (truthful) talking there DU. The directors are really well paid for just sitting on their hand, they have significant skin in the game and I just do not see them putting this up for sale.

What a great interview, "We are as confident today as we were yesterday and a week ago as to the outcome". The 20%+ slump of yesterday would never of happened had that interview had taken place ahead of the RNS.

No mention of "modest oil flows" in the interview, maybe they wanted that poor market reaction - exciting times ahead.

Https://www.telegraph.co.uk/business/2025/12/01/bp-abandons-uk-green-energy-plant-in-blow-to-miliband/

Does this impact ITM

Filtered - I suggest JS and others do the same, he just doesn't understand the situation, though maybe just wants a lower price.

From the news and all the media reports, if this war does actually come to an end the EPL could end much sooner that 2030. One would assume (tongue in cheek) Europe will not rush out and buy Russian gas, but like with Russian oil many Far Eastern countries will jump on that boat, bringing down (considerably) world gas prices.

As for the OGPM once it comes into being, I'm sure all the companies involved in the CNS would relish the opportunity to hedge future production in the high 80"s (pence or dollars) and happily pay 40% tax. Both Cavendish and Zeus remain positive on JOG so the ball is in NEO's court. Serica can over come the BP acquisition disappointment by simple giving me 2 SQZ shares for my 1 JOG share - job done.

Under the EPL oil and gas are treated the same and both have to fall below their set levels for the EPL to stop.

Under the OGPM, oil and gas are treated independently and will only come into being as and when prices exceed their target prices.

Oil has been below $71.40 for a good while whilst gas remains stubbornly above its required level. I hope DU's view prevails, but clarification is needed - what a dam awful budget and I feel the OBR mistake earlier today was intentional.

Also show a great lack of concern for UK industry and employment.

"It will be between £2 and £5. Trust me!"

Right again wetherboy, but it was to a stupid question.

"If it ain't broke don't fix it" unless it is a wind turbine or solar panel.

Duncan78

"I have concerns of a negative PE ratio and the fact that Ceres doesn't seem profitable atm."

None of the companies involved in "renewable projects" have positive PE ratio's and none are profitable. IMO what is initially important in driving the share price is the pipeline of work. The cream will float to the top when the pipeline progresses to approved firm orders and material revenue begins to flow. Ceres appears to be in the right place at the right time, with a strong cash position and not a lot of shares in issue (compared to the likes of ITM, AFC and other US companies). If history repeats this could mutibag quite quickly. But as always, DYOR.

2 x 250k buys - shorts closing / institutional buys ??

Just a generally poor day in the market and the UK government does another U turn. Not a lot of difference between buys and sells and after the recent strength some profit taking is normal.