Member Info for Nacho99

Is there a take over offer I have not seen?

I can understand why a Government that needs money increases taxes on an industry that is making higher than usual profits because of a spike in prices but it also makes sense that if you later find that the additional tax reduces the total amount you get in tax is lower you should have a rethink.

I don't believe in gaps. Just my opinion.

Sekforde, "Nacho99. Not quite. The company is buying on the exchange. So BASF must be doing the same."

The resolution was to make "off-market purchases" so I would expect an make off-market purchase that matches the buyback (after the current buyback is completed).

As the following was authorised at the shareholder meeting: "Authorise the Company to make off-market purchases of own shares from BASF", I had been hoping that HBR and BASF would have done a deal to match the buybacks and it sounds like that is what is happening.

From the votes at the last shareholder meeting:

27: "Authorise the Company to make off-market purchases of own shares from BASF (d) (e)"

It will be interesting to see if/when any off-market purchases are made and how the price moves after any RNS.

Half year results are on the 7th.

I have to agree. I'm waiting for an interesting RNS after the results of the votes during the AGM. Too many people on here worrying about daily movements and not understanding what long term means.

Lower oil prices in the short could also end the levy early. Not sure if these numbers are the current number of last years but I found the following:

"The "Energy Profits Levy" (EPL), a tax on oil and gas profits, will be switched off if the 6-month average price for both oil and gas falls to or below the "Energy Security Investment Mechanism" (ESIM) threshold prices: $71.40 per barrel for oil and £0.54 per therm for gas"

NO, not yet. Wait until I reinvest my dividend.

There was never any need to threat with sanctions. A strong border helps both the US and Mexico.

The Mexicans also want a strong border to stop the drug cartels from getting weapons from the US.

It just takes the two governments to talk and work together like they have done in the past.

https://www.reuters.com/world/americas/mexico-honduras-guatemala-increase-troops-along-borders-white-house-official-2021-04-12/

I'm with MaryBr190 on this one. No need for a RNS unless there was a mistake in the numbers they posted in the RNS. My expectation is that the Divi will increase by 2 cents at the next update but I will be hoping the price here is as low as possible so I can reinvest the divi and top up my ISA at a great price. When the share price of a loss making company falls, run for the hills. When the share price of a profit making company that pays a good divi drops, reinvest. AIMO DYOR

Oil/gas companies are cyclical share. They will do their own thing compared with the general market. Use the low price to reinvest the divi if you are a long time holder.

I own some share in this company. I brought them at a much higher average price as they are now.

Yes I wanted the price to go up or I would have waited longer for the price to go down before I brought the shared.

So I have those shares and the price is down, I am fine. The company pays a good divi and makes a profit.

When the share price of a company losing money and not paying a divi goes down it is a time to worry.

When the share price of a company making money and paying a divi goes down it is a time to buy.

Enough said for the people who understand investing.

@KGinvest: The numbers in the update say "A $5/bbl change in 2025 Brent oil prices or a $1/mscf change in 2025 European gas prices impacts free cash flow by c.$115 million." Not sure where you got the 10% number from.

The divi has not changed. The next payment will be 13 cents.

The Divi is in cents, not pence. 13cents was 10.44p at the time.

Divi usually get's paid in April.

The divi is in cents, not pence.

There is no change to the Divi.