Member Info for MPO818

Total amount (aggregate): In 2023, four major UK banks (NatWest, Barclays, Lloyds, and Santander) collectively received more than £9 billion in interest on their BoE reserves. The total amount paid to all commercial banks across the system is higher still.

That AI generated

She has already said "there will be no WFT on banks profits.

But she has not mentioned the interest banks receive for the deposits they require to keep at the BOE. (so cutting their profits with taxes remaining the same)

Rumour has it tax free personal allowance will be cut.

But hey tomorrow (Monday) it could be a different story.

Https://www.telegraph.co.uk/politics/2025/11/12/ed-miliband-flies-to-brazil-climate-conference-twice/

Miliband and his colleagues adding significantly to Reeves black hole. What a hypocrite.

“While this outcome is of course disappointing, it was always known to be a possibility. Serica continues to actively pursue further M&A opportunities, as well as progress our attractive organic growth options, with a goal of diversifying the Company’s portfolio of assets, increasing production, and creating value for shareholders.“

Not really what Serica wanted but it was always open to pre-emption and so the M&A team are already on the next move, with the powerful combination of a strong balance sheet and tax shelter and a highly ambitious management team I’m sure it wont be long until we hear from them again.

Rocket79 - You wrote at 14.56 today:

"This is currently overvalued. I will be a buyer between 200p- 300p. Good luck"

Yet on 5th November you wrote

"Looking at Bloom Energy share price this has alot of catching up to do. This company has been compared to ARM. This will he worth billions with SOFC. Right place, right time."

Come on, the price has been yo-yoing around the past couple of days - how much have you lost.

"would be nice if Serica decided to use the cash to buy JOG instead"

Shares would do, I don't need the cash, I enjoy dividends.

All reported as buys - could these be SHORTS closing??

Must be sweating especially with jobs in SHORT supply.

The Wigan lady has probably been watch Coronation Street since she was in nappies, a very bitter socialist, god only knows who's side she will come down on.

Real rollercoaster sp today - starting on the FT loser board then moving to the FT leader board now back to the loser board. having closed last Friday at 268p some profit taking was inevitable. New analyst price targets may well be matched and then raised further in the coming weeks - exciting times.

Https://www.telegraph.co.uk/politics/2025/11/05/net-zero-tank-britain-economic-status-trump-warn-starmer-uk/

It did come over at CERES - Looks very very exciting for them.

JS - As you say Sunak (big ears) did bring in the tax. As I recall, initially he rejected the call for a WFT on the grounds it would damage investment in the sector. The noise from the opposition benches was loud and continuous and he weakened and reluctantly gave in to their demands. His opinion of the impact on investment in the sector was correct, the tax generated has not matched expectations and the sector has almost ground to a halt. Miliband continues with his NET ZERO nonsense, the cost of which is severely damaging the little industry that remains in the UK, he needs to be stopped.

Announcing another buy in to CNS - They must be confident that the tax treatment is going to be changed in a favourable manner - or are they being daft.

Reeves looked a nervous wreck making her 8am speech. When it came to questions from the floor - the most popular word was "erm" though she did mention "energy security" a few times.

Excellent podcast - potential game changer for 80M

Thanks for sharing.

" Maybe they'll soften it a bit or align O&G taxation with Norway."

There is a huge difference between the UK and Norway - Firstly they have a tiny population compared to the UK. Secondly the Norwegian government owns 67% of Equinor the biggest operator there and thirdly - read on to see what they do with the industry tax revenue.

Norway invests almost all of its oil tax revenues into a massive sovereign wealth fund called the Government Pension Fund Global, which holds investments abroad to avoid volatility in the domestic economy and secure funds for future generations. The government uses the returns from this fund, but not the principal, to finance public spending through an annual fiscal rule that allows spending to increase in downturns and decrease in upturns.

As we know the UK uses the proceeds to prop up the growing number of work shy in our once great nation.

Https://on.ft.com/4nqv0qv

The question is: If this proposal goes ahead and NEO approve the Buchan project when would first oil/gas be achieved??

This is a CEO's summary from a RNS on 80M (formerly Bluejay) I am only pointing out the mention of "The North Sea" in the 3rd sentence. I invested in this probably before JOG existed (in its current form) and had written the investment off many moons ago. Suddenly it has sprung back to life. With the US interest in Greenland, anything can happen.

"I first visited Jameson Land over a decade ago and was struck by its scale and geology. It truly is a remarkable project.

This latest report represents a major milestone for Jameson. It marks the first time the project has been formally recognised within the U.S. energy sector. Based on this report and the Pelican presentation, and on a P10 basis, Jameson now ranks as the thirteenth largest undeveloped oil accumulation globally, as filed with the SEC.

The significance of that cannot be overstated. Western Europe built its modern economies and sovereign wealth funds on North Sea oil, and it now appears that Greenland may host a comparable, and largely untapped, resource base.

With a listed and fully funded U.S. joint venture partner, soon to be renamed Greenland Energy Company, we are now positioned to drill and answer a question that has remained unresolved for more than sixty five years."

LTI

"UK stocks have been vastly undervalued for many many years - a little bit of catch up" - Totally agree

But with the highest inflation and energy costs in Europe, growing unemployment, a massive immigration problem and all 4 weeks before god only knows what Rachel will "grab" the strength is strange.

LTI

"FTSE 100 does not reflect the UK economy - most earning are abroad" - I agree

However the FTSE 250 is up 20% since April and the FTSE350 is up nigh on 25% in the same period - so the comment remains valid.