Member Info for NewKOTB

What is significant of the buying today as I see it was not the 10% rise per se, but the number of high value transactions .... one's being over £10k a pop ... not the type of money you throw around when your investment just hit an ATH.

As Shaw Taylor would say, 'keep 'em peeled' !

aimo & dyor

What would BOE have been 'worth' only a few years ago when NBP was 8p/therm ?

Also, at £600m would still only value our reserves at ~£10boe, considerably lower than historic going rate and lower than AA's latest deal that came in at ~£14boe. The CoH for SQZ at 450p/s would represent around 30% of the deal, so only paying for ~70% in net terms. Deal could of course be an equity / cash offer, which no doubt AA would have ran the figures to ensure his personal equity remains substantial.

450p/s would see an ATH for SQZ holders, proving a healthy return for all holders plus represent a bargain for KIST and yet another great deal for AA to grow his reputation and that of KIST.

Of course, 450p/s math would work the same for anyone interested in SQZ atm utilising our own cash to fund our own takeover..

aimo & dyor

sasa,

Also, 450p would represent a net cost of ~£600m come completion date, would he be able to pull that one off, could well do as we don't know how much deferred cash he will get from the West of Shetland deal, effective from 1/1/22. During which time when we experienced unprecedented rise on commods, of which vast majority of revenue will be ring-fenced from WFT .

aimo & dyor

sasa,

"for him but using our cash to defray the net cost.."

That has been an issue afaic for some time ... many months ago I posted, in depth, how 'cheaply' you could get SQZ as currently ~55% of the equity of SQZ consists of cash. Remember, we have zero debt which makes a massive difference when putting an approach package together ... An acquirer would be buying cash with cash, or even buying cash with debt. Not something AA is afraid of doing as he has shown in the past. AA is a master of the financial markets and seeing deals that others can't. But as you say "Intriguing rise for KIST today.." atb

aimo & dyor

... special delivery is en-route, close those shorts.

Well, this morning KIST blasted through to a new ATH, (£380m MCap), whilst SQZ need to gain +48% to return to our ATH.

Is it time for our own leadership challenge at SQZ, now ACW has stepped down .... AA would work wonders with the resources available at SQZ.

aimo & dyor

New ATH .... :-)

PI vultures > PE vultures ...

He also worked with / for Todd Kozel.... !

Boris Johnson will resign as Conservative leader today - he will continue as Prime Minister until the autumn.

A Conservative leadership race will take place this summer and a new Prime Minister will be in place in time for the Tory party conference in October.

Boris Johnson will resign as prime minister today, the BBC has been told

Boris Johnson will resign as prime minister today, the BBC has been told ..

Before sunset clause ever kicks in vast majority of NS centered players will have been takeover due to the fallout caused by the windfall tax. Company valuation have plummeted, all this will mean is PI vultures will pick up bargains and then conceal their 'true' profits with magical accountancy whilst extracting maximum returns for minimum expenditure. UK gov's £5bn in tax will never materialize and UK based and owned O&G industry will be no more, all within 3 years unless something changes. WFT has to go and maybe replaced with a true windfall tax of a one-off payment, say an additional ~15% on profits for 2022. Zahawi, now is you time to shine, esp if you become PM

aimo & dyor

Michael Gove

Given the way over past two sessions oil & gas stocks have been hammered for KIST to finish well up yesterday and up today speaks volumes ... for me a surprise delivery is en-route.

aimo & dyor

What about this one ...... unbelievable what's happening today ! Big guns are out,

"Nadhim Zahawi, who only yesterday accepted the role of chancellor after Rishi Sunak resigned, is among the delegation that is set to tell Boris Johnson to resign, the BBC understands..."

"The BBC has been told that Business Secretary Kwasi Kwarteng is also calling on Boris Johnson to resign, and has said so to the chief whip..."

What about this one ...... unbelievable what's happening today ! Big guns are out

"Nadhim Zahawi, who only yesterday accepted the role of chancellor after Rishi Sunak resigned, is among the delegation that is set to tell Boris Johnson to resign, the BBC understands..."

"The BBC has been told that Business Secretary Kwasi Kwarteng is also calling on Boris Johnson to resign, and has said so to the chief whip..."

Boris quote just now ... "Johnson told the committee that he was having a "terrific" week"... the guy is fully detached from reality, no morals and lies out of his rear to suit his own agenda, period. aimo of course

Question is who would replace him, not Sunak I hope.

The 'fun-de-mentals' are sound here ...

That is, if you are having fun then you are mental !

On a serious note, change your old £50 notes now as they will be worthless in a few weeks time, hopefully not HBR.

For a company in HBR position, so long as they can demonstrate that debt continues to fall as rapidly in the 2nd half of 2022, regardless of WFT we should be back over 450p in next to no time. Production and revenue is solid afaic.

aimo