Member Info for NICKTIMS

Sneedway, that is really interesting and helpful, together with the £75 million interest. I had completely missed that and appreciate your thoughts. I am surprised that you can take out a loan of £500 million and place this on the balance sheet as an asset, have been laughing about that one all morning! Very helpful thanks.

It seems that small shareholders are doing the buying, and, at the end of the day there are some large amounts sold. Does anyone have a view on whom the LARGE sellers are?

CHANGE OF PACE - 31/12/2022 mobico TOTAL liabilities 2.8 billion v's RR 35.46 billion.

This does not include assets.

Cineworld had massive debt, Mobico has debt which is comfortable to manage. At the next set of results the board anticipate a profit in the reagion of £200 - £215 million. Mobico pay a dividend and next year this could increase. Rolls Royce fell out of favour with considerable debt, however, i am sitting on a profit of 130% and look forward to a dividend in the future. Some stocks do fall out of favour, and, then, they go north with a vengeance. I categorise Mobico to be a stock which will perform very well within the next 12 months.

I too have added at 85.20 pence., will be more interested to know the price in one year from now. Purchased Rolls Royce at 89 pence and more than happy with the current result.

The results are really not good, however, I see this as a buying opportunity. I am an existing shareholder, and, have purchased these shares at a much higher price.

On the negative side I see very high wage increases and minimal share purchases by the board.

However, the losses appear to be turning into profits in the region of £200 -£215 million, and, a good dividend in the future. This post is my opinion and does not suggest advice in any way.

I attempted to purchase a spread bet (buy), however, the transaction was not permitted?

01 Aug 2022 Asher, Jeremy Benjamin Gerald Chairman of the Board, CEO 141,051,835.00 £0.0017 £246,840.71 509,798,300.00 shares.

It is encouraging to note that the Chairman has purchased these shares, clearly he is putting his money where his mouth is.

That is very interesting. Thanks for that.

https://www.malcysblog.com/2023/01/oil-price-petrotal-tower-coro-echo-capricornnewmed-and-finally/

Scroll down to Tower Resources, the upside could be substantial.

There were lots of interesting questions both during the meeting and after. In summary, the board are mainly old, I like this because age increases experience! Some of the Executives are younger I.e. 50 plus. The hedging strategy is a good one, they limit hedging since the price of gas has gone from 10 pence a therm to over 500 pence, i.e. excessively volatile, therefore difficult to predict. They played down the chances of a strike at the next drilling in the North Sea, and, rightly so. If successful, this could increase the reserves quite significantly, however, it would not be too serious if they don't. They have a 170 employees and are 85% gas, albeit the boe equivalent is usually quoted. Most of the healthy balance sheet has been created over the last four months (for obvious reasons). Smaller companies are better equipped to ensure greater production of existing assets, whilst, larger companies tend to go for the big ticket items e.g. Gulf of Mexico and can't be bothered with the hassle of aged wells. The government taxation of 65% initially caused concern, however, with aged wells, investment is required to keep them going, and, provided the 3 year taxation promise is kept,then, this will not materially alter Serica. Hope this post is of interest.

I attended the meeting, very interesting, an interim dividend of 6 pence, the right of the board for a share buy back should the board decide to do so, however, there is not an intention to do so at this moment in time. Opportunities may exist away from the North Sea due to the tax of 65% recently announced by the government. If this excessive tax ends in 2025, the investment of extracting gas from existing wells will not be of great significance. Serica is 85% gas.

The recent sizeable gas find in Anchovies 2 is a game changer. Gas takes time to bring into production, nevertheless, assuming gas prices remain high, this looks to be a speculative BUY.