Member Info for onedb

The tax grab becomes way less of an issue given it is only imposed on UK assets Am not worried about that too much in fact with the enlarged firm HBR has clearly showed to both governments that they will be investing abroad and away from the taxable greedy hands of both the parties . Funny how politicians only ever have 1 solution ie Tax tax tax ! Useless cl*wns

Only 16 days ago Stifel had a 545p target . Its clear that when the deal is completed and all in integrated that target will be revised upwards so with a 24months view . Some of the assets held in the current portfolio are impressive . I didn't see much accounting for that in GS view . Is Mr Slim a client of theirs ? just speculating but nothing surprises me . The poor sell whilst the rich buy . Then one wonders why... yet its interesting that a big player keeps adding whilst small fish sell

Well I get momentum but today's price action negates all the BASF deal . Back to square one with rising BRent too .

Even below the silly bearish GS 280 view and in spite of a multi billionaire adding , he is rich for a reason after all he adds when down not vice versa Yet retail knows best ....

Am humbly hoping this washout is completing so I can load up too and bring the average sub 300 , maybe this is a gift

Trend is strong and one of those I enjoy following and staying in.

Holding and not selling this one . Steady going that is the way I like it ,

All good Romaron

Plus I know you are a rare gent on these bbs

In the US a while ago Hertz announced strong cuts for it EV fleet too . Seems to be a universal rejection

Try and get a good mechanic when something goes wrong , hard enough with a petrol engine , kiss good by any chance with an EV

From future cash flows generated .

So its simple 15% = 46m 100% = 306 Ie way above current market cap

This is the official RNS :

Sale of 15% interest in Bressay and EnQuest Producer FPSO

EnQuest PLC ('together with its subsidiaries, 'EnQuest'), an independent energy company with operations in the UK North Sea and Malaysia, is pleased to announce that it has today reached agreement with Viaro Energy's subsidiary, RockRose UKCS 10 Ltd ('RockRose'), to sell a 15% working interest in each of the Bressay field and the EnQuest Producer floating production, storage and offloading vessel ('FPSO'), both located in the UK North Sea.

Under the terms of the agreement, total consideration in respect of the Bressay field and FPSO is £46.0 million and will involve an initial payment by RockRose to EnQuest of £34.75 million, which will be used for general corporate purposes, with the remaining £11.25 million to be paid from future Bressay cash flows. RockRose will pay its equity share of capital expenditure associated with the Bressay development, pursuant to an agreed schedule and approvals.

The 11.25 is not what Bressay was worth but a figure to be paid for future cash flows .

The point I made sticks , 15% of the above is around 90m higher than current market cap.

15% of Bressay was sold for £46m , now is am right that values the asset at 306m . look at today's valuation and to the maths as this one is simple . We are valued way less than 1 asset . Funny days if only am 7p away now from break even ! pfffftt

BoE keeps Bank Rate at 5.25%

Rate-setters split three ways in vote

Two MPC members backed a rate hike, one wanted a cut

Bailey says inflation moving in "right direction"

Investors continue to expect four rate cuts this year

In Summary that is it , 5yrs moved down a bit more today , so with rentals doing the heavy lifting last year and maintaining this year too Sales may surprise to the upside this year and I get a feeling they will , rates are coming down after all , 3.721% the 5y a moment ago

Will take a look at the latest offerings from the banks but GB 5years down quite a bit today 3.77% as I type .

Should be a good time for those wanting to buy a home in London , money is turning very cheap again

They wanted 120 I think it was last year , wrote in a letter etc etc .

With things having improved since and on track to deliver their goals 120 now would probably be disappointing to them .

From a pure technical point of view Foxtons has moved up fast last 3 months and the best thing we can see is a slow and steady up trend . Anything crazy will push Foxtons to far , I prefer 1 or 2 p up a week sort of scenario and that to avoid strong pull backs . We'll get there but its a 14 months to 18months and lowering UK rates scenario . In my view , Still its a great if not super return if it turns out to be correct

Look at 2 and 5 year rates today and on they are on their 3rd day down , resuming the recent downtrend . All good news for those reducing the cost of their mortgages or getting a new one . Rates down is all good news to Foxtons for their sales team. Slowly but steady up here.

Stevo12

Strange that BP and Shell have no caring in the world for it with BP and Shell out performing ENQ for all of 2023 .

Taxes are always the lazy way for a governments to grab money. Even there they fail as anyone who earns a lot of money immediately has tax advice .

I will never support any of these insane taxes on any business. Its like supporting a crime cartel

We had that 21st of Dec spike that brought us well out of 2 standard deviations so that was not sustainable ( rises like that ) Now its more within the norm and I don't see why this is not going to move up slow and steady Momentum suggests to me that is the pathway . Up slow and steady as there is a lot of upside momemtum wise

I'd be very happy with tha bull case scenario of 127 , (base case 62)

I still think that give it 12 months and we'll be moving towards that . Its only a matter of time as Foxtons is steadily growing and steadily doing all the right things .Let it continue Who knows what a 3 year outlook would be ?

Expectations are high and should be vis a vis TTM PE ratio

A drop in rates will see Sales booming too not just rentals. Unless it gets taken over nobody here will get rich over night but with the usual ups and downs I sense the trend here will be up over the next 12months . Especially as we see today 2 and 5ys once again losing steam on the upside and sense that gentle moves down ( not quick drops ) will be the game for 2024 with some pauses and some months even some rises in rates but over all i sense we will be seeing lower mortgages this year

Gentle rise and steady with no need for the share to have crazy strong days only to retrace , let it head up slowly and steadily

To 69 . Remember that today's results would imply that profits were 19% above their very own forecast for 2023

Looking good I say that 76p level highs of 2021 are not that far off I say from their forecast

No gap needs closing today . High yesterday 290.5 low today 287.6

Sorry

Humour aside am looking forward to the update and rates coming down . am mortgage free but have several investments that would benefit from lower rates overall . Bumpy year with ups and downs but general trend for rates 'should' be down Good for the government and national debt repayment too not just houses