Member Info for NAV_Mike

...that the lack of constant selling today might be signalling that the bottom has been reached?

Nothing to be happy about at 2.75p but at least buyers have returned, albeit modestly.

Hopefully we can stabilise now and perhaps be surprised by some positive news for once in the results/town hall meeting

(apologies if Ive jinxed things)

All the talk around the period of the last buy back operation was of improved EPS and yield metrics.....

Fat lot of good that has done us!

The vast majority of HBR's is now in the form of debt rather than bank lending, therefore repayment only really becomes a crunch issue as each bond maturity approaches

Unless HBR becomes unable to redeem existing bonds with the proceeds of new ones, or the new ones come with too high a coupon, then its not the same as being unable to make loan repayments etc

Ideally yes, you want to see debtt reducing but if they have to tread water for a while, their investment grade debt should help them do so

(and yes im peed off about todays events)

Xd on 10.04.25

At current 187p price thats an almost exact 11!% yield

10.5% yield now....getting absolutely silly - as it always seems to on a HBR results day

10% yield at £2.01 must surely offer some support

There goes anyone with stops at £2...

Share price is initially reacting to the loss after tax I would imagine, however volume is low so far.

Lots to digest in that RNS which wont be done quickly

Shareholder equity was $6.25bn or £4.89bn at current rates

Current market cap circa £3.1bn

Interersting that they will be seeking shareholder approval for an off-market buybacl of the BASF shares.

How exactly will they finance that?

Well as I expected, we ended up with an after tax loss due to a 108% tax rate (hahaha!). The gloomy part of me was expecting a larger loss though

I guess much will depend on whether the city deems these results supportive enough of a share price already at multi-year lows. Much reading and analysis to follow....

Results arent the absolute kitchen sink job I was fearing, but any benefits of the Wintershall deal dont exactly seem imminent

So because of an oil price shock that lasted 6-12 months, oil companies have to be screwed into the ground for another 5 years, and should be grateful for the certainty? jeez wept

Id love to see the government reaction if NS operators said no thank you and went into care and maintenance mode lol. (though not so much for the share price reaction)

So thanks to successive oil industry destoying governments, we have to pay 78% tax on non-existent 'windfall' profits for six months even if oil prices were to stay where they are now?

Are there no emergency measures in the small print, or is all this part of their renewables wet dream?

In light of $69.50 Brent (not $80) and the share price at multi year lows, I will be interested to see how they can possibly put a positive spin on things at the Capital Markets Day

I think only one poster here (Steve) has been consistently saying the Wintershall deal wasnt the golden goose, but Im not sure even he could have prediced the current debacle

Where would we be now if the deal never happened I wonder? Certainly not lumbered with $4bn+ of debt for sure

If this is the reaction of the markets to a small (138k bpd) reduction in the cuts, what the hell willl happen if they get serious about it?

Why do I sense the hand of Trump exerting pressure to get what he wants?

Nitro - a 'kitchen sink job' is where they put in every negative provision they can think of (ie future tax as they did before) in order to get them out of the way, and give them a clean start for the next accounting period

Trouble is, sentiment is so bad that might tip things over the edge

My bigger worry is will they also be forced into a goodwill/asset writedown because of the oil price drop and outlook. That could tip us into a headline loss before tax

Here we go again.....certainly more visible buys than sells today yet down we go

More delayed trades in the pipeline or just MMs milking PIs for all they can get?

If they have done a kichen sink job on the yeat end accounts, Thursday is going to be......interesting

(On top of all this fallout)

Trouble is, the selling shows no real sign of abating

Most of the AT trades have been hitting the bid and taking us lowe, including 4 lots of 300k. I know theres two sides to every AT trade, but its pretty obvious theres been some serious offloading over last few days

As the share accelerates its plunge, would a dividend cut be seen as prudent management or an acknowledgement that things have gone ti ts up?