Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Upomega,
"Surely we would have got better rates going forward...."
You would have thought so, only saving grace is, do SQZ need the loan details concluded in order to sign off a deal, however that is usually (as in debt financing) confirmed within the acquisition RNS not separately. Just appears a bit ar-se about face to me, i'm sure there's a financial benefit for SH's somewhere.
See our new financial 'advisors', Kirk Lovegrove and Company Ltd are the same company that provided strategic and acquisition advisory services for Tailwind on the deal with us !!
aimo & dyor
Flexmw,
"Shortest Serica Energy RNS to date.."
Yes, lacking on detail is an understatement, almost as if they (Mitch) have something to hide !
What conditions were met ( ie hedging details) and with whom, oh and what is our current draw-down.
aimo & dyor
" It makes sense to perform shutdown operations whilst the tax level remains high. .."
Absolutely, costs are then available to off-set against tax and also I think HBR are ahead of the curve by getting maximum allowance built up before Labour are able to move the goal posts. Once again HBR (Linda et al ) are leading the way in the fight against this ridiculous tax. Every major UK industry one by one have over the last 50 years fallen with UK steel being the latest, as things stand, NS O&G industry is not far behind.
aimo & dyor
Don’t see it being a problem, all HBR need to do is sell all local production into local market at going rate.
“ Germany will be dependent on natural gas for many years to come, so Wintershall Dea and its domestic gas production play an important role in the transformation of the energy system," Zukunft Gas head, Timm Kehler, said.…”
NQM,
From a simplistic viewpoint I would have thought SQZ would absolutely and without hesitation repay ~£14m of the $271m loan to ensure we drop to BELOW the 50% drawn to loan ratio and hence reduce exposure to required hedging until we actually need the RBL cash.
"The hedging requirement is halved if less than 50% of the amount available is drawn..."
Then again, I guess the hedging has been taken out via Mercuria so not in their interest for SQZ to be financially savvy, is it !!
One point worth noting is the hedging available EXCLUDES Rhum production which is circa ~30% of our production.
aimo & dyor
Power et al, FFS, you all talk utter doo-doo, it's less than a tiny 2% sold, soon to be replaced with additional stock options that will have an accumulative effect of actually increasing her holding overall. Added to which, "They must know something coming" would be insider trading.
aimo & dyor
Smyth111, me ramp, really, majority of my CHAR contain factual information unlike yours !!
Anyhow, now awaiting next RNS due soon that will tell us how we are doing on the other 2 pillars.
PS Good to see directors buying recently although a few more decent buys by them would not go amiss.
aimo & dyor
"Was there anything in the merger to stop the other 2 parties from buying.."
There is usually a clause to ensure interested parties are unable to acquire shares, however that wouldn't stop a third-party, which at a later date could do a 'deal' with such shares acquired once the deal has completed, although very unlikely imo.
Remember DD is being carried out and either party could withdraw at any point.
Full details will be disclosed within the prospectus and circular, which is expect to be published H1.
aimo & dyor
Go where exactly, on holiday, to the toilet, car-wash maybe or just PASS GO !!!
ML has no connection with DARK now other than as a bog standard shareholder, not unlike many on here !!! Just happens to hold more shares than most.