Member Info for NAV_Mike

So...is this an example of 'cliff-edge' taxation?

Brent averages $71.40 = no windfall tax

Brent averages $71.50 = additional 35% on the whole lot, or is there a gradual increase?

Sorry if a dumb question

Lots of 5k and 10k trades....all O trades and all looking like sells....I wonder who?

GordonAlbert

Sorry if this seems nosey, but is your IG account shares or spreadbet?

Spreadbet accounts are credited on xdiv day, share accounts should receive funds the day dividend is paid

If you already knew this then my apologies

Y11

Can you please stop responding to our resident nutjob? Most of us have him filtered and its only your replies that are giving him oxygen on this board

Well....our US friends certainly love to sell HBR dont they?

Popped out lunchtime with the share price at 240, and despite FTSE, Dow and Brent having a good day, we get sold back down to 235

Uninvestible? Maybe not in the morning, but come 1:30 its usually crap

Look - it is extremely common for directors to sell shares to cover tax liabilties on nil-cost options and rewards

Im not looking for an argument doc - it sucks and looks bad.....but is it rare? no

There are tax liabilities on the original vested shares and the dividend received on them. Shares were sold to cover the tax.

Nothing untoward in that, however how skint is she that she couldnt pay the tax bill without selling shares?

Aye fair enough.....perhaps Im just ultra peed off at the share price being pushed around by the stupidly small packets of shares traded

I do wonder if managment arent fussed by the share price if it gets the average buyback pricr lower. Its a kick in the nuts for us holders though as these long term yield and EPS bonuses seem further and further away with each drop in the price.

Sentiment seems appalling - 7p drop in the share price on a Brent mover from $78 to $77. Even on a good day earlier in the week we abruptly changed direction yet again around 249

Back when PMO was being shorted into the ground, price action followed a pretty predictable pattern....snuff out any upward momentum on good days for Brent, then aggressively push lower on any bad news, even if mild.

Im coming to the view that these sell-bots are being worked by the shorting crowd to protect their positions. Its not paranoia on my part - you only have to look a the bid/offer being constantly worked lower, even when volume is very low.

Yeah I could be talking BS and be completely wrong, but this does feel very reminiscent of when the convertibke holders had PMO by the balls. I honestly think that only meaningful action on the windfall tax is going to change things.....coz a really good trading update and an excellent find in Mexico have counted for feck all

On a spreadbet account with IG you would have had a credit adjustment applied to your account on the day the price went ex-dividend

I certainly did, and to the best of my knowledge its the way IG have always worked

In dollar terms we passe the one third completed stage today

Stats are:

20,335,820 shares repurchased at an average VWAP of 254.36p at a dollar cost of $67.482,500

Todays closing bid price of 243.6p means we are theoretically under water by circa £2.295m

Cheers...wasnt looking to score points :)

I just take the daily HBR disclosures and closing $/£ rate and whack them all onto a basic spreadsheet. Seems to do the job and is better than the scraps of paper i had last time out

Erm you are getting your $ and £ mixed up methinks.....

$3.16 average or circa £2.54 @ 1.245 exchange rate

I disagree but lets not clog up the board...

I think they will have spent as of today $64.4m buying back 20316079m shares

200/64.4 x 203160794 = 63.1m shares approx

Take that off shares in issue at start = 773m shares at finish

Its only a basic calculation and difference is only 4m shares so lets not argue :)

At current buyback rate and price I would estimate 773m shares remaing after this round of buybacks

Oil may be rising (quite a good day in fact) but good old HBR is going the opposite way. No upward momentum at all thanks to these damn sell bots

Aye from 245 to 240 in 90 mins, during which FTSE and Brent have firmed a little.

Doctor

I do agree that HBR management are probably the only buyer in town currently, but im not so sure EIG and their ilk are so likely to be the sellers. It feels more likely that a short position holder is keeping the price at a level they are happy with.

But WDIK eh? Fact is HBR is unloved and thats down to Sunak/Hunt as much as any sellers or shorters

Aye - if they manage to extract 510k today when the pre-auction volume was less than 1m then there cant be many other buyers about. Although I guess they could buy 'At market' in the auction to make up any shortfall

Yet another fabulous intra-day chart

Aye I guess you may be right. I think I trust Biden less than Trump these days. Okay Trump may have been unhinged, but Biden is relentlessly economic with the truth, and his profligate spending is highly dangerous imho

Looking at the pathetic volume, it make you wonder how management pickup the 510k shares daily unless they are the only sods buying. Perhaps if they are falling short during the day, they pick the balance up in the closing auction?