Member Info for NAV_Mike

Well that would be well worth Trump having dragged world economies into the toilet......not!

Also interesting that HBR has been pummelled so close to the settlement date for the 150m BASF disposal. (26/5)

I realise thats almost certainly coincidence, but as long term holder, my cynicism tends to go off the charts :)

Anyone have knowedge of whether the trades at 20.65 were buys, or sells above mid?

Im guessing buys, which would explain this going NT to buy

Is this the mash-down ahead of FTSE100 inclusion I was expecting, or just a pure reaction to the oil price and a rapidly deteriorating chart? Its sickening how we struggled and failed to pass £3 in almost perfect circumstances, yet get thoroughly smacked down at the first hint of an oil market turn

Are we still in the running for a FTSE100 place?

I fully agree that the next results should be stellar, but August is a lifetime away in a traders toy like HBR.

(No Im not bearish, just intensely disappointed at where weve ended up after $110+ oil

IG are currently showing Brent at $95.50 ish. No idea where on the curve they get their prices from though

Looks like another excuse to punish HBR in the week to come. If feels to me like the market 'operators' would be happy to get the share price back to a level where they could pretend the Iran conflict bever happened

We know HBR is going great guns, but as with most of HBR history, its usuall crawl higher, smack down lower

Purely from a balance sheet accounting point of view its Debit Shares in Issue, Credit Debt so Net Assets would reduce by say the $1.5bn Sekforde stated

However its the investment metrics such as EPS and yield that would be improved significantly, leading in theory to a higher share price. The problem is, HBR is not a share seemingly tied to those metrics, moreso its global events and trading skullduggery that moves it

Personally, I would prefer to see the BASF stake dispersed among several large instis who are comitted to HBR, rather than taking on more debt. However thats just a personal view and Im sure others may disagree :)

Also we would have to consider how it is funded. If it is through more debt, then short term the market may not like it. However once the numbers have been crunched and analysts can be sure of a long term benefit, then all should be good.

(As with all HBR buybacks, the benefit is usually theoretical....a BASF one however may be different)

I agree about a US listing, however keep in mind the chancellor (Cruella Deville?) is supposedly targeting their oil trading operations, not their production divisions.

Not sure if HBR actively engage in trading....

Well you know things are dead when its been NT to sell all week

(and no not looking to do so, was just trying to see a quote)

NSS

Aye...the concern I have in the back of my mind is that the two previous companies I was invested in that got promoted, saw a price decline to start off as those greedy index fund managers dont like paying top dollar for stocks they have to buy

Aye....would be nice to get a positive update to stop the bored sellers

A minnow like this needs to maintain the interest in between results announcements.

Meoryou

Thanks mate....told you I hadnt woken up lol.

Interesting times, and most encouraging to think BASF probably might not be an impassable roadblock going forward. Ive said recently that the price was likely being held down for BASF reasons, and if transactions of this size are being arranged the buyers would likely not want a price racing upwards. Who knows eh?

I obviously havent woken up yet....where the BW Group info come from? Is it linked to the Alton Capital transaction?

Havent they just.....we have yet to see that 10% reduction pass throught the market. Did it go straight to someone else?

Regardless of that, very postive imo....less to deal with going forward

Sorry didnt want to moan, but I think its pretty pi ss poor that a publicly listed company cannot get this sorted promptly

Have cleared caches and rebooted twice....still the same result. Not a good look for anyone looking to check out the company

Grrrrr

Yup Chrome and Firefox both show the red screen warning and now my AV is also blocking access

Should have written down the exact warning message but it was something like "scipt:INF/susp which is often a false positive caused by bad HTML code

Well you certainly wouldnt let them lapse if they were 'in the money'

What you do with the resulting shares would depend on your Sareum outloook, and how many of the warrant shares you could pay for outright (should you want to)

Well there has to be a reason why the market so persistently sells HBR down in the face of excellent figures and high oil/gas prices. As Ive said before, I think its linked to potential secondaruy placings which will predominantly means BASF

Nothing else makes sense - even our beloved EPL doesnt explain this ridiculous underperformance

Would have thought that the most likely scenario HBD, but makes the upward move yesterday somewhat strange if those shares were hitting the market?

On the flip side, a buy of that size would certainly account for yesterdays move

(Am I being indecisive....Im not sure lol)

Meoryou

Thanks for that...should have spotted that myself!

So, using rounded up numbers.....they were issued 175m, could have sold 52.5m (30%) but looks like they actually sold maybe 44m. Leaves a theoretical 8.5m shares to be placed, but could just as easily be shares they didnt want to sell.

About right?