Member Info for Muchaboutmoney

https://www.ii.co.uk/analysis-commentary/chart-week-latest-share-price-forecast-lloyds-bank-ii523509

Yup... Morgan Stanley more than happy to buy up to £2bn of shares from anyone crazy enough to sell at these prices....

Interesting to see the share price rising fast today yet only 9m shares were bought back.

Looks like they have had to throttle back the purchases to stop the share price rising inexorably.

Bodes well for the next few days and the lead up to the interest rate rise pencilled in for Thursday.

Trading up 1.40p at 10.70p as I write.

Something afoot?

Which begs the question why are you here in that case Goza as I assume you are invested?

And why is your take that Premier’s reasons for not proceeding were technical rather than financial when we all know that Premier was technically insolvent, couldn’t afford it and were ultimately forced into the arms of Harbour?

You’re saying that Premier farmed in but technically it was beyond them and that they therefore wasted millions of pounds in the process?

Tony Durrant was extremely keen on Sealion but was prevented due to the amount of debt Premier had.

If you are the insider you claim to be, then you have an incredibly poor grasp of the history of Sealion and why it has not yet been developed…..

Goza…… suggest you do some reading up.

Premier spent hundreds of millions and had a team of over 100 people working on Sealion. They even had the helicopter contracts drawn up and ready to go. Well design, drilling ship design, it’s all complete and effectively mothballed.

Unfortunately their huge debt prevented them from being able to raise the finance and announce FID and when oil prices fell they were forced into the arms of Harbour.

Not wishing to be rude but please read up before making comments like this.

Sorry LTI

I did of course mean that following another £1bn buy back at these prices we would be left with 60bn shares and not the 60m I stated….doh!

Albeit due to something none of us would have wished to have seen, the world and oil market are in a very different place than they were 12 months ago.

Personally I would be shocked if Sam and Co don’t start to see a steady stream of interested parties looking to farm into Sealion over the next few weeks and months. Form zero to hero as they say.

With Ombrina Mare imminent the next 6 months could deliver all that we have dreamed of and more.

The oil majors pulling out of Russia and needing to find new areas ripe for production in a low tax and politically stable environment will struggle to find a more appetising morsel than a ready to go Sealion.

By my calculation they are going to be through the buy back in 70 working days.

At these prices I would support them keeping on buying until the price recovers and we are down to 60 m shares in issue. Sod the dividends. Just keep on buying the shares and cancelling them. At 40p another £1bn will get shot of another 2.5bn shares.

Make no mistake this is going to have a very beneficial affect on the capital structure of the company and future dividends and PE ratios etc.

Spot on LTI ... whilst the current crisis is a terrible state of affairs, from the perspective of buying back the shares, its an absolutely perfect scenario which is seeing them buying £25m a day at the moment at a considerable discount to book.

Its effectively like swapping 90p of change for a pound coin on a daily basis at these prices.

Terrible events but a wonderful opportunity to keep mopping up all these cheap shares and cancel them.

I would imagine Morgan Stanley have never had a more perfectly timed buy-back fall into their laps.

Seems to be putting a floor under the share price and bodes well for the future when things are sorted and the market starts to recover.

https://www.ft.com/content/b02ae9da-feae-4120-9db9-fa6341f661ab

Here's the link ... worth reading the comments below the article too.

This is the kind of piece that comes out shortly before an announcement of some sort so could be very timely.

Andy day now we should know.....

Worth remembering Lloyds didn’t pay a penny of bonuses to their staff last year.

The only bank to do this.

Big fan of Alistair ... worth a read ..... 77p anyone?
https://www.ii.co.uk/analysis-commentary/analysis-why-im-optimistic-about-lloyds-bank-shares-ii522808

The infamous trade of 1 share at 16:35 which has so often led to a key RNS the following trading day.

Make of it what you will but an interesting indicator based in past experience. OM award imminent?

Hey Slownsteady

Let's see what the reaction is after the interest rate rise tomorrow.

For me it's the perfect starter ahead of the results.

Much

Got to be a screaming buy on the back of the expected rise tomorrow followed by the 15 trading days until the year end results.

I expect to see us though 60p by the end of the month and beyond if the results and divi are as good as anticipated.

Remember that these forecasts won't take into account interest rate rises that are coming down the track.

With each 0.25% rise putting £350m on Lloyds bottom line, year end rates of 1.5% could mean an extra £1.5bn of profit.

First rate rise expected Thursday which should see us through 55p and headed to 60p for the results end of month.

Perhaps a Rockhopper request pending Ombrina mare which is of course imminent?

Clearly once they know the extent of the award, and they understand fully their cash position, coming to an agreement becomes much easier.

Also a possibility that Harbour decide to re-enter the fold but not as lead operator with oil at $90 and the North Sea becoming an increasingly hostile place to operate given UK anti fossil fuel sentiment.