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I get the feeling that analysts are under estimating the hugely positive impact of higher interest rates on Lloyds and that the Bank is similarly down playing the extent to which profits are going to rise to prevent scrutiny in these difficult times.

If. Nationwide’s mortgage book can deliver record profits, what on earth is this going to do to Lloyds, not withstanding we are going to see an increase in impairments as the economy slows?

https://www.ft.com/content/1d0174a0-0770-4143-a36a-43bb1d8a0a80

Ahhhhh re-writing history again Flakey?

For the record… RKH 25p to 50p on an Ombrina Mare award of >$150m, £1 on receipt of funds, £1.50 on Navitas confirmation of FID and funding.

Production of 30,000 barrels per day with oil at $100.
£5 a share min.

Isobel follow on….the sky is the limit.

Borders and Southern. Headed for 2p.

If you think Fakey is bad on here you should read his drivel on the Bor board.

He’s taken his rubbish to new levels.

Thanks as always Hardup.

Has anyone else noticed that the volume of the buy backs is less on up days?

It’s as if they do t want to push the price up too far, instead preferring to buy when the selling gets going.

Dividend next Friday should see a significant amount of buying going on from DRIPs which could a break the downtrend.

Tosimon. The decision of the IEC Arbitrators s final and binding on all parties.

There is no right of appeal. If Italy don’t pay you file the claim in the US and start to seize Italian assets.

I agree with Spacehoppa. Likely that Italy will settle with the findings not published to prevent a precedent.

However Italy settling out of court won’t lead to a smaller payout. If anything it will be even higher as K & S can simply say no deal and publish leaving Italy exposed to numerous additional claims..

And that little rally my friends was the right shoulder of the infamous head and shoulders pattern.

Seen it a hundred times on Falkland stocks.

Enjoy the journey back to 2p. The only possible saviour here is Rockhopper getting a huge payout form Ombrina Mare and Navitas deciding to go ahead with the development of Sealion.

All boats rise with the tide.

Apologises.. should state that number of shares in issue is 69bn having fallen from 71bn since the buyback commenced.

Simple question for you in that case CSCI1962.

If I offered to sell you my wallet with £100 in it for £75 would you buy it from me?

If the answer is yes then you have no choice but to support the buyback and accept it is value adding until such time as the share price reaches 57p.

Number of share in issue is now 60bn and headed for 67bn by the end of the buy back.

That’s a 5% fall in shares in issue and a 5% increase in earnings attributable to each share. Make sense now?

Much

Not normally a fan of buybacks but this has to be one of the most successful ever.

With 56p book value, at these prices Lloyds is effectively buying back its stock at a 25% discount and cancelling it.

If they can keep chugging through at this rate for a couple of years they are really going to reduce the shares in issue and drive up EPS.

With interest rates rising and each 25 basis points putting £350m on the botom line something has to give here.

Absolute bargain.

He's a wealth Manager for Canaccord G Wealth Management.

Don't get me wrong, its great that he sees potential and is investing his fund but this ain't no stake building for a takeover. It's going to need more than his £0.5m invested to date to get the price really motoring unless he knows something.

If a takeover was brewing it would be someone like like Goldman or Morgan Stanley who would have been tasked with building a stake and acquiring the magic 29.9%

Hey Falky,

It's your cash. Just don't let those profits slip away......

Much

Agree Happy. That's where my money is,

This is a pump and dump if ever I saw one.

Very very odd ....

Border & Southern almost double in a day and some big trades in RKH at the end of the day.

Something definitely afoot given BP made enough today to develop Sealion 3 times over.

Pre tax £1.785 against a consensus forecast of £1.5bn

You can already see the positive impact of the base rate rises and with more to come this is looking increasingly undervalued.

NII is up 10% too.

Great set of results which sadly may be tarnished by the Dow dropping 800 points last night.

Agree Auon.

We go from a basket case that needs funding to a fully funded field developer with Navitas farmed in and oil at over $100.

OM will be a game changer in every way.

You have to ask who in their right mind would look to exit at this juncture and sell their shares?

Can't help but believe we'll see steady rise from here.

Worth noting that the $350m talked about previously is now $400m in relation to OM.

10 times the figures being spouted by a number on here who still can’t grasp that under the IEC you sue for both the costs of the project and also the profits that would have been enjoyed from the investment.

The international energy charter allows you to sue for both the cost of the development and the profits you would have made from it. Period.

https://www.theguardian.com/business/2021/jul/25/outrage-as-italy-faces-multimillion-pound-damages-to-uk-oil-firm

I think the Italians will seek to make a settlement that is acceptable to RKH in order to avoid a judgement and precedent.

Say £250m plus costs, matter closed with details kept private on both sides.

That is why you have heard nothing from the tribunal and also why the 30th April has been pencilled in for heads of terms.

Much