Member Info for NewKOTB

... Hong Kong & China !!! wft

Says it all I'm afraid, LSE is reflecting the UK, a lost cause !

aimo & dyor

Do they see a recovery or not playing out. For sure they will want another pound of flesh this morning and will work hard to sustain their profits, but once they start to close we will see a significant recovery in SP, not sure it will be as fast as some would like though, for me we are out of ICU and onto the main ward.

atb

aimo & dyor

"Personally I'm hoping for a hung parliament...!

Is that literally Mommur !! .. ;-)

Good weekend all.

aimo & dyor

"Somebody(s) BOUGHT 19,400,000 shares at 425.... Enough said"

That's >£84m, of course they wanted a discount, so would I ....

aimo & dyor

Fact, unknown investor/s are IN.

This is a secondary placing, ffs ..... SECONDARY

Way over done imo, shorters would have opened positions yesterday on RNS and forced the SP down this morning, just need them to close out which I guess, given the strength of recent few weeks of our SP will not be long.

aimo & dyor

Https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Energy-and-Resources/gx-er-oilandgas-indonesia.pdf

The effective tax rate is stated as circa 44%

Whimax, see we still have someone who's not willing to let the SP go quite yet.

Quick fire 'AT' sells to quash the rise ... :-(

aimo & dyor

Gap to close .... ~149p, added to which, RSI oversold.

"Add to that Mitch Fleggs in attendance.."

Running-up company expenses and handing out his CV too no doubt !

aimo & dyor

For £19 you could hop on a flight to Morocco from UK and see for yourself CHAR progress.

I'm sure there will already be eyes and ears on the ground that will manifest itself in the SP, shortly !

aimo & dyor

Maybe to simplistic!!….

Yes, indeed so !

So we have yet another iffy transaction from yesterday reported today :

14-Mar-24 16:19:06 7.50 1,100,000 Unknown* 7.55 7.68 82.50k O

14-Mar-24 16:19:06 7.50 -1,100,000 Unknown* 7.55 7.68 -82.50k O

Absolutely, what everyone outside of the industry fail to recognise is O&G extraction is not like any other industry. Massive upfront cost, high risk and dedicate years of commitment as such all is based upon the economic value over the life of the field. Removal or even reduction of allowance will bring forward CoP and hence substantially reduce tax received by HMG. As we all here know, O&G extraction can not be switched on / off at will, once CapEx is cut / removed, developments put on hold the economic value becomes questionable so you begin death cycle of the NS, investment will simply move overseas never to return. This transition has already begun imo.

All for what, a cross on a piece of paper !!

aimo & dyor

Think Simply Wall St have been sniffing something !!!

Would be nice to think they are on the ball rather than off their rocker, half that would do me !

aimo & dyor

That’s the real issue, not the amount of tax, albeit ridiculously high but the never ending uncertainty....

Aimo and dyor

You all know what to do

TIA

Martin, Good to see flights are on the up !

Aimo & dyor

Upomega,

Benchmark was based on 20 year average apparently, guess those years were never indexed linked for inflation when they did the calculations either.

Absolute joke the floor criteria imo and the industry as you mentioned appears to be accepting things as they are with very little pushback .

Aimo & dyor

Today’s SP closing price just goes to show how much of an inbred donkey of a market LSE actually is.

Aimo & dyor

Rellim,

HBR could easily make SQZ an offer and by utilising our corp tax losses alone would make good business sense given combined production HBR profit before and after tax could look totally different.

“Profit before tax reduced to $600 million, from $2.5 billion, and after-tax adjustments the company reported a $32 million profit..” for HBR

Should Labour not carry out their threat to close the “loophole” HBR could then package all NS assets circa ~200kboepd for a tidy sum and fully exit UK. But as you rightly stated, HBR may well have enough to be going on with atm.

aimo & door

Atb