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Yup Stumpy CPI .
On a different note we should be at the start of strong Oil seasonality (my model uses 25 years worth of data) from more or less now till June , should we get some momemtum in the share I will average down as it should be all coinciding . Oil seems to be doing well just need HBR now to start moving up . That RSI trendline may get broken once it does I feel we'll have the momentum we need to go higher
NAV_MIke was going to post the same . Oil holding up strong , market reaction to lowering inflation but not as much as forecast is a bit OTT in my view , forecast was 0.2% vs 0.3% with yoy down to 3.1% Today's down markets are a little too dramatic , yet Brent holding up well so . Its equities that are generally down not really a HBR thing in my view
I hold both but lets face calling HBR in an uptrend other than the last few weeks is quite rich , technically 200ma is up but open up the chart and its all down to the 21st of Dec big spike , uptrend...... sadly for me and other holders we'll need a lot more up days before we can really feel in an uptrend
Doesn't surprise me . You have some very rare hard working agents but most are just uneducated , lazy , and certainly not hard working without the qualifications or business skills to run anything . They see a tv show and think they are capable too as its made to look all so simple for the very few. The few CEOs like ours who are business savvy and a few others too will simply eventually dominate leaving a few boutique' agents who are generally high end specialists .
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
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
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