Member Info for NAV_Mike

Well with Brent heading toward $82 and UK Gas at 116p/thm its odds on for a down day lol....this being HBR an all......

More likely they have exited from a close period and know just how good the Mitsubishi tie up is going to be

Yet despite this, theyve just taken 5p off the bid price in last 30 mins.

WTF? Whay do these traders see that we dont?

The trouble is, thanks presumably to Adams PLC being a forced seller, the Mitubishi tie-up and CES2025 have generated zero upwards momentum

Consequently, we are back in the realms of waiting for quarterly KPIs and those long-awaited new contracts.

Very frustrating!

All recent news has been positive, but we have now settled into no-news snooze period, which is fair enough I guess

Does anyone have timescales on the next expected newsflow? Or do we have to sit quietly and expect the unexpected?

All the recent news has been okay and the Mitsubishi tie up is a major step forward - so why not even a hint of upward momentum

Personally I think the issue price of their investment shares at 4.09p is proving a drag on the short term price and we need some positive sales/cash flow news to get things moving

According to the news page on this site, GS have a sell rating on Harbor (what?) but have graciously raised their target price from 255 to 260

Are they analysing a different company? jeez

Presumably needed due to increased number of shares in issue rather than selling down?

MMs in their usual benvolent way are showing this at 19-22 pre market. All for a non-core product jeez

Im a bit late to yesterdays parade and can only re-iterate whats been said. A strategic investment such as this from a tier-1 such as this with truly global reach, is infinitely better than a normal placing with financial instis. The synergies could be huge!

A couple of small points did come to mind though:

(i) Was the receiveable financing a red-herring all along or do we think they will take that facility as well? All the time they were talking about it, the Mitsubishi deal must have been happening in the background - so presumably there must be some substance to it?

(ii) The sheer number of shares in issue must start to be hindrance in terms of future EPS and dividends? How long before a major consolidation gets proposed, say 10 for 1? Not a great fan of these as they seem to have negative effect, but insti investors may prefer this

All in all a nice way to gallop into Christmas and a 2025 where SEE finally delivers. ATB one an all

I will be gobsmacked if those shares come onto the market via 'normal' selling

I think its far more likely that we will see a secondary placing(s). That number of shares being sold via normal channels would take months and be a dreadful drag on the share price.

We can but hope that the powers that be will find a more sophisticated means to give BASF & Co a timely exit without suffering a large loss against their notional 360p entry price

Whats the main attraction of Kosmos? Diversification? future propsects?

Im sure all would depend on price and deal structure but it does seem to be carrying a fair chunk of debt relative to production

Making out the bid had dropped, whilst still offering the same price to sell. Well okay 27.2p compared to 27.35 before

Do they get bored after a liquid lunch?

I think I also read that the new partner was going to reimburse the costs of appraising the HALO acquisition?

They do seem a wee bit more aggressive today to the downside. I never like it when they close the spread by pushing the offer lower

A distinct lack of FOMO currently. How the hell did we get to near 50p in the last few months when we had no data, just hopes?

Reading through the accounts again, the fact that cash reserves currently stand at £76k, means that funding will be required before long. Whether that comes via an equity raise, partner funding or a mix of both, remains to be seen

Take your pick I spose from:

Sell on news brigade

Pre-Xmas profit taking

Something iffy in the account Ive missed

Seems a bit overdone given its not huge volumes, but I guess selling into a thin pre-xmas market is not exactly what MMs want. Ive not been able to get any online quote for a couple of days

Likely to be v quiet unless the AGM generates any enthusiasm

Trades at 26.5p are buys

Nice reversal on the weekly candle chart, albeit from a stupidly low level

Most of the locusts seem to have moved onto their next target so dare we hope for a rally into 2025?

All very well talking about the 8% yield but the positives from that usually get negated by the accompanying capital loss.

2024 looks like we will see more of the same despite the company probably doing all it can in the current circumstances. Perhaps some debt reduction from non-core asset sales will please the city, or perhaps they just need to see some actual P&L numbers from the new entity?