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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
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
Plenty of space to do so technically
Slowly but steady am enjoying these rises
Trend in the last 100 days or so has been very good and shows no signs of stopping in my view
Back to 2021 highs of circa 76p ? Slowly I hope so . with a longer view of 100p plus
It is but I may lower my average as frankly speaking the RNS today is about a third or so of the company not the whole thing. So in many ways its an opportunity ! I was so close to my average 330 yet will lower it even more for when we pass 500 and go way above I will be the one laughing . Plus I like the divi which I constantly re-invest . Let them sell I will pounce on these very soon day or max tomorrow
I hope people realise this is just the Harbour legacy update as its not the overall new acquisition picture which is detaching itself from UK tax grab .
Crazy as it was only yesterday that I posted the Bank of America note . Short memories by so many ..... Never changes
Was out yesterday mid morning source :
https://www.proactiveinvestors.co.uk/companies/news/1038432/ftse-100-live-stocks-slide-weighed-by-astrazeneca-downgrade-1038432.html
10:48am: Harbour Energy jumps as BofA hikes price target
One stock bucking the weaker market is Harbour Energy PLC (LSE:HBR), up 5.1%.
Bank of America has raised its price target to 500p from 460p, and reiterated its ‘buy’ rating, after taking a closer look at the proposed acquisition of Wintershall.
“We like what we see,” said analysts at BofA in a research note.
BofA estimates around 35% free cash-flow yields across 2024 and 2025 using $80/Brent and $10/mmbtu European gas prices.
It notes the “problematic” UK production mix (fiscal and regulatory unknowns) goes from around 90% to around 30%.
“The proposed transaction offers major geographic diversification and expands Harbours production base >2.5x towards ~500kboe/d,” the bank explained.
“Reserve life metrics are improved, opex and capex intensity reduced,” and it expects the Wintershall portfolio to generate the full $2.15 billion (and change) cash price tag with its own FCF if the deal closed at year-end 2024.
“We see a major re-rating opportunity,” BofA said.
The City seems to agree with shares marked up sharply today.
Of the acquisition is that our over barrel breakeven and gas equivalent have falling by quite a bit . Today's oil price may have had X margin on the old Harbour but the newly acquired reduce the X nicely . Not to forget
Jeffrey1979
If your view comes true I finally get rid of the red on this position , at long last too . The divi reinvestments will for once be above average for me if you are right lol
Was just looking at the 5 year gilts closing in on 3.6% ! Despite all the stress for those renewing at historically low and close to zero rates, one should admit that rates are still very low , I remember when they were high and this isn't the case . We are getting low again which in turn will be bullish economy and property
As long as its 120-150 plus I multi bag and can live with that lol
On a more short term view , my post on the retrace and reload to what think will be new highs ( recently hit) sticks . am comfortable that we'll pass the recent highs Lets see as I hold
I suspect momentum is about to re gather and re-test the recent highs a pullback was necessary as too stretched but now it isn't anymore and on a healthy uptrend could re-test the highs and go through them as it has space to do so . I prefer a slow up trend personally .
Of note the healthy gilt auction today was good . Wonder if it will put pressure on rates to decrease hence positive for real estate
All my divis I set to re-invest which has helped trim the overall averaged price and increase my stake here Am actually happy to continue to do that and compound as much as possible even more so now with the huge firm its turning into and great resource spread , lowered cost of capital and resources and credit rating leap forward. Above all most of the assets away from the UK tax grab which combined with the recent discoveries and Mexico and INdonesia becoming giants in our portfolio am more than ecstatic to hold and add . This is not a sell for me and will look to multiply my average share price as well as get a great value play with the divis