Member Info for NAV_Mike

I will settle for anything that isnt a drop these days but c'mon.....FTSE +60, Brent almost touching $70 and all we can manage is a 1p improvement against yesterdays closing bid?

I honestly think the price is being managed somehow for buyback purposes (christ knows how). Either that or there is total market apathy toward HBR currently

Oh well hopefully next week we play catch up :)

.....has it been NT to sell? I just wanted to see if the effective price was rising or falling, but not possible.

Doesnt exactly inspire confidence that FOMO is about to kick in :)

Looks like my hopes for a 0.5p rise may have been optimistic :)

@Aberdee

No not at all.....ive made it clear I dont think they are beneficial to HBR especially small ones such as this

As for 'trumpeting'.....jeez wept? I run the weekly statistics spreadsheet and the other day I highlighted that the average daily spend was increasing. If that gets up your nose then filter me or eff-off!

Its the 12 month figure that is damning. Buying for a 9% yield is countered by a 17% capital loss.

The wider oil market is as much to blame but just shows that trumpeting about buybacks and improved dividend yield can be a false hope

Brent approaching $69 , so we could be good for a halfpenny rise. Then again, it is a Friday..... :)

Well the share price reaction is pretty much 'meh' to results that had been flagged in advance. However its the lack of unexpected bad news, and reiteration of targets that gives me hope for the rest of 2025 and beyond

Beginning to think we may need a little stimulus news wise, as waiting until the results feels a little too far out currently. Signes that bored sellers are re-appearing

Not asking for much, but may need something to keep the FOMO alive :)

@Aberdee

Fair enough if feel that way. though I fail to see how the buyback is "priced in" when there are at least 80+ days to go? Also, inreasing daily spend will shorten the actual length of the buyback period

Might be easier if you just filter me?

Looks like all the gloom doom and depression on this board during the week may well have been overdone (unless of course you think PM is going to lie right up to the last minute?

Not saying for one minute all is smelling of roses, but perhaps we might just believe they can hit their forecasts after all?

Looks like Monday's low figure might have been an anomaly, as the daily spend in 3 of the last 4 days has jumped to £765k+

These are the highest daily figures since this buyback started

Turnover of $11bn is irrelevant to the balance sheet if there are hypothetically $11.1bn of costs and tax.

The equity attributable to shareholders did not rise it fell, with the difference being due to subornitad loan note holders. In any event, the overall increase was purely down to a below the line adjustment re cash flow hedge valuations

Yes every weak management team, or at least those with figures that show a loss, will fall back on 'adjusted' figures to show everything is wonderful

As for statutory numbers not showing the true underlying positon, well thats the whole audit industry done for then.....

Lets leave it there, Im sure other people are weary of our disagreements

Jeez mate.....you are starting to sound somewhat pompous.

I am well aware what FCF is, however it isnt defined as you stated earlier, regardless of whether people understand it or not. As for after tax profit being 'meaningless' yeah righto.....A Balance Sheet will struggle to grow under your scenario, or doesent that matter either?

The last published full year accounts have turnover at $6bn. I used that figure as those are from the most recent fully audited accounts. The half year figures do indeed show a higher pro rata turnover figure, but once again, show a loss after tax and reduction in shareholder equity.

I am not negative on HBR, as I said, they are doing a lot of things right, however I dont believe the share price will accumulate much unless the company itself can grow

Well done.....buying at bid price. Lucky boy

That is just a statement of intent, made when the HBR share price was probably much higher than now. There is nothing there to suggest they have started exiting only that the merger would allow them to "gradually and optimally exit over the next few years".

Do you have any evidence whatsoever that BASF are reducing their stake in HBR? If you do then I apologise. Its possible yes, but you state it like its a provem fact

With respect "the sum available to shareholders after everything including tax is paid for" is not FCF it is Total Equity. If the company does not generate a profit after tax, total equity will not grow unless there are share issuances, M&A or some jiggery-pokery with hedging valuations.

Lets agree to differ eh, there doesnt appear to be much we agree on

I admire your optimism, but the unfortunate facts of the matter are that HBR currently stuggles to generate a net profit after tax despite turnover over $6bn. It has done so many things right, but capital growth in the share price will be hard to acheive imho without a significant exterior event such as EPL reduction or removal of the BASF stake

Well Brent up a buck/quarter off day lows and we stay asleep.....stuck in 3p intraday range

Is it me, or is the intra-day range (aside from last friday) contracting to very low levels?

Market apathy or price under tight control for the buyback?