Member Info for NAV_Mike

Indeed....the case for bullishness is getting stronger all the while

Now if people could just keep their fingers off the sell button as christmas closes in, that would be nice :)

Now we see the reason behind the HALO acquition......

A co-investor and presumably tax losses that can be utilised in the future deals

I rather like this good news malarky :)

Do we know what there next project is likely to be? After all weve gone a whole hour without an excellent RNS!

....and forgive my naivity, but do we take it that these new partners are nothing to do with the industy partner who couldnt cough up the money that was promised in the past?

Seems like a very beneficial way to sort the Shell Loan and get a free carry on Earlham/Orwell

Im sure more knowledgeable people than I will be able a detailed analysis, but lets hope this jump starts rerate of some form going into 2025

Werent we due to get a holdings RNS re our new 5% holder? Or do foreign investors regard these rules as optional lol?

Not sure the last one is a sell actually because actual spread at the time was 26.3 - 27.2

Well the nondescipt RNS may have woken up the price (or just coincidence)

Whatever....lets hope we are back on the path to double figures again

Looking on Companies House at past filed accounts it looks like it was consistently losing £20m+ a year due to impairment charges on its exploration costs. Was part of the HALO Group which helped it stay in business (until it didnt lol)

If it didnt hold any licences, I cant see for the life of me what was the reason for buying the company. If it had key personnel, you could just headhunt them without buying the share capital

Will be interesting to see what the rationale was...

...why we have acquired HALO from its liquidators when it "does not currently hold any licences."

If they wanted a vehicle for some new project, surely just form a newco without any past problems/baggage?

Intriguing...

Receiveables financing + debt collection is usually known as factoring. A simpler form minus the debt collection is known as Invoice Discounting

Either way its funding facility secured on sales debts

For those that dont understand invoice factoring, it is effectively a debt facility secured on sales receiveables, with debt collection facilities provided as part of the package.

Factoring costs usually comprise a processing fee on each invoice approved for funding, together with usual borrowing costs on monies advanced. Needless to say factoring companies have a selection of other fees they can throw into the mix as well.

Every deal is different, but the lender may well purchase some of SEE's existing debts as well as new debts going forward. The companies I have used with clients tend to lend around 70% of invoice value within 48 hours, subject to credit quality and a good spread of debt between customers (ie not too concentrated)

I rather like factoring as long as it is with a reputable company. I have seen ropier ones spoil customer relationships with heavy handed debt collection procedures.

I imagine if SEE say $10m it will be an overall facility and will depend if any existing debts are purchase - it may take time to grow to that level depending on approved sales

This algo action has appeared on the day where Trump's newly announced tariffs have spooked the global trade markets. The link may be tenuous currently, but anything that pottentially disrupts the car market wont be seen as positive imho

In other words, a good day to generate some negative sentiment if youre inclined to....

Is this damn company actually doing anything?

Coming up for three months since its last RNS and no news on the Shell debt or the progress on other projects. Do they actually remember they have shareholders?

Well in the end HBR reverted to its normal Friday performance

Markets flying, but it got steadily worse throughout the day. Must be all those profits from yesterday to take lol.

Edit - just seen UG gas has 'plunged' to only 116p/thm - that must be it!

Alternatively price getting back to reality with Brent $74+ and UK Gas at a one year high of 120p/thm

Well they are always so quick to drop the price. Had a good day yesterday on reasonable volume only to lose most of it on a nothing day.

Very frustating

NSS

Wasnt criticizing mate but I think the scale of buybacks required to give BASF an exit would cripple cashflow for several years

Ordinarily I would say a secondary placing would be more likely, however it would require a share price far higher than current if BASF were not to accept a sizeable loss on the placed shares

This is getting perverse.....oil up $2 and UK gas now 118p/thm yet not a flicker of improvement in the HBR share price

Sorry....where has it been said that HBR will do a share buyback to cancel the BASF shares?

I would think a secondary placing would be more likely in the future share price permitting ofc