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I think how much Lloyds end up paying is going to be driven by whether the commission the black horse paid was above or below the threshold / test figure setting out what was unreasonable.

You would hope that as a volume business, Lloyds commissions were reasonable.

So it’s either going to be a lot or virtually nothing.

Hopefully they will issue an RNS to iodate around liability in the next 24 hours.

Worth pointing out that in line with the uk the ADRs were down 3.5% before the judgement and ended up 4.24%. That’s a 7.75% rise on our close which brings us in at 80.4p Monday.

Any broker upgrades plus those waiting on the sidelines worried about the judgement who will now buy, bound to take it higher,

Sticky, not to split hairs but I said through 80p Monday, 85p Friday and then onto 92p in the coming weeks at which point we’ll probably see some further resistance.

In hysterics here….🤣

Brilliant Crofty…. A superb analogy if ever I saw one.,,,,,

Isobel isn’t exploration.

It’s an appraisal….

And people it’s just comedy before you go and tell on us for hurting your feelings….. 🙄

Ha ha ha..hilarious! 🤣

Ha ha ha. I hope the ambulance chasing parasites that call themselves lawyers and add no value other than to line their own pockets are having thoroughly awful weekends.

Hopefully there will be some P45s hitting the desks in the next few weeks after which they can hopefully turn their attention to more productive value adding growth focused activities.

The fact that the FCA are going to provide a response in 2 days rather than 6 weeks suggests that there is going to be no scheme.

Working with lenders to set up systems etc would take 6 weeks.

Saying there is no recourse and no grounds to claim takes 2 days. That is the route they appear to be taking.

I would imagine there will be a level in % terms of commission that is considered unacceptable under the CCA element of the judgement, however my hope would be that the levels of commission paid by the black horse falls within what is deemed to be acceptable.

In terms of share price action, 80p has been a major point of resistance on the charts for a long time. My expectations are that the share price will sail through this and break out heading onto an initial 87p then onto 92 p.

Next thing to worry about is a windfall tax from the lovely socialists in Westminster as a reward for success.

Thanks for the tutorial Mirasol.

As a commercial banker of 37 years I am lucky enough to have some first hand experiences of how it all works from the bankers perspective.

Trust me finance for Isobel with Sealion pumping 100k barrels a day at $75 Brent equivalent, will be a formality. Lenders will be biting their hands off to support as the borrowing will be financed from cash flow and covered multiple times over. Sealion will deliver profits of £1.5bn a year so plenty to fund Isobel.

Ultimately and all being well, we will get to see in a couple of years time how the market reacts but for the record, my prediction is an instant £2 uplift in the share price on a 1 billion barrel discovery.

It’s why I won’t be selling a single share until Isobel is appraised. It should be like the old days when the drilling commences and the bit begins to turn. The world and his wife will be gambling on a huge find.

thank you in the dark.

to confirm i stumbled across this share having been asked to look at it by a friend one friday who had just stuck £10k. the chart filled me with dread.

he subsequently sold straight out on the monday morning with a £400 loss at 15p.

having seen the writing on the wall, i shared my analysis and fears with this board as it would have been amiss of me to walk on by without bringing to peoples attention the fact that they were about to lose their shirts.

i would suggest some of the people on here read ‘the madness of the crowd’.

people like laura pop up all the time. **** sure narcissist who don’t have a clue however they are always good at telling you what you want to hear as you watch your wealth drain away.

Hey Nick,

Forgive me if I failed to make the point effectively.

My point was that once isobel is appraised and confirmed it will be valued as if FID had been made because the cash flow to develop it is available from sealion.

No will they or won’t they and can they raise the cash, or a repeat of the premier oil shenanigans.

Well well well.

Who’d have thought. Just popped into see what was happening only to see my prediction and warnings were spot on. Head and shoulders complete and back to 5p. Impressive even by my standards.

Having been chastised by board ‘expert’ Laura for my holdings in Rockhopper and Lloyds, I would invite people who are genuinely interested in making money to have a look at both.

Monday morning will be fun for Lloyds in particular.

Remember Laura, only a fool looks a gift horse in the mouth.

Hey Nick.

Agree with most of your analysis but Isobel same size or bigger adds 40p to 80p? Make that at least £2.

If we are producing and given the cash flow that Sealion will deliver, Isobel becomes inevitable financed by Sealion.

The share price would immediately re-rate up a couple of pounds as it will be a ‘when’ not ‘if’ unlike Sealion which remains an if even now.

My strategy has always been to exit most of my holding here on the back of a full Isobel appraisal and re-rating at which point a takeover by a major at a large premium also becomes highly likely.

People should be taking at Lewiston a 3 year view from here to maximise their gains.

It’s been a great week as my other major holding Lloyds is going to go through the roof Monday after the wonderful Supreme Court ruling.

Not really Falla.

It doesn't;t treat new wealth or growth. It just leaves the banks and shareholders with big hole in there balance sheets and lines the pockets of greedy lawyers.

It will cost us all collectively and stifle growth and the read across to things like sofa finance could be disastrous. the market could stop functioning overnight. Also expect the cost of car finance to jump as lender seek to recover losses.

Ultimately we all pay and no one actually gains from this stuff except the lawyers.

I have real concerns re the Supreme Court judgement.

Not because Lloyds or the other banks are in the wrong but because of the absurdity of the judiciary who seem to live in ivory towers with little or no understanding if what the plebs ie us have to put up with day after day.

The fact that they have scheduled the announcement for 16:35 fills me with dread. If it was going to be good news they would have just released the judgement when it was ready. The fact that it is after the markets have closed after Friday suggests something awful and they want to avoid market chaos.

No 77p up 7.5% hitting all time highs.

This is now hitting the radar across the land and with the US market about to open, I'll be shocked if we don't close at 85p or above tomorrow afternoon.

Sorry guys ... should have said balance sheet swollen by £130m

The discount this morning reflected the dilution so was just the market doing its job. Lets not get the =banlace sheet and assets are going to be swollen by circa £13m including the insurance pay out.

Since the people have bought on the basis that FID is practically nailed on and RKH know what they need to contribute from the lead Bank plans.

The risks associated are now black swan events, war, oil price collapse, Shenandoah oil spill etc

Yes we have 25% less of our company but are probably now 95% sure of FID and Sealion proceeding.