Member Info for outofideas

Looks like Warren Buffett made another good call dumping these dogs, wish I had.

Unfortunately Jeffrey, while we have a leader hell bent on overpaying in desperation for assets and diluting us shareholders at the same time, we have no chance, sick of the word patience to be honest, tomorrow never comes here,all we have is hope, and you can't spend that,gl all the same.

Hey Dan i have been here since the bad old PMO days, only thing that has changed is the name of the dog

Is basically an advanced profit warning, the market has shown what it thinks about it today, getting hammered down, why would you spend so much borrowed money to return less fcf?is this what they call negative growth?Linda,have a word with yourself ffs.

On the way

And HBR is in the doldrums,what is it going to do when the market corrects is the question, we were holding our own for a little while post NS acquisition,then all seems to have gone wrong on the announcement of the LLOG purchase, the market don't like it, it does seem expensive, hope the people in the know are proven right,how long before our friend DBNO makes an appearance.

I wonder what the analyst atJPM has been smoking

I see they bought 3 million back yesterday,up from the usual 900 thousand,would this money not be better spent bringing down the debt pile?Nagle needs to go and he knows it.

Living,thankfully Glencore is not a one trick pony and shouldn’t drop as much as pure copper plays.

Fog,it’s not an exemption,he has slapped 50% tariff on copper imports starting Friday,hopefully this is just a knee jerk reaction to the news.

Another 32497 shares just bought,these are surely going to breakout to the upside sooner rather than later.

I take time out regularly to read about how much in the hole I am with this stock,negative 27.5 k right now, absolute dog of a share,instead of the company wasting all this money on pointless buybacks which are doing nothing for the share price,why not divi it out to us shareholders as a special .

Unfortunately Eviking,you can’t polish a turd,1 step forward 2 steps back.

You would think so,it does trade oil but the performance of this share I think is very tied to the coal price,at these levels this is ripe for an approach,patience is the order of the day.

The government have said that if for 6 months the price of oil is at or below $71.40,and gas is at or below 54p per therm, then the EPL will cease, they arrived at these figures by taking an average price over the last 20 years, included in these are the years where the prices were astronomical, but only for a short time, as they have used them to come up with their averages we have little chance of it coming to an end, instead we are paying a windfall tax on normalised prices, squeezing the life blood out of NS and UKCS operators, at least Dick Turpin had the decency to wear a mask when he robbed you.

I agree,the slide here is unrelenting,we always seem to drop more than our peers though,Trumps tariffs aren't helping,as for the buybacks, the only good thing is at these levels they can buy a whole lot more for the 1 billion, which in the long term will work out better for share holders, unfortunately we just need to wait and hope things turn around,i wonder if Rio or BHP are getting interested at these levels?you would think we are ripe for an approach.

Got us in this mess buying elk valley coal assets, taking on massive debt just as coal has fallen off a cliff, taking our sp with it ,he needs to go, maybe that will stop the rot, not much chance of a takeover either with dirty coal in the mix.now it has broken below £3 there's no telling where it will bottom, can't even say the dividend is worth having, just nothing to cheer about atm,the only serious buyers of this are Glencore for what good this has done, taking shares off the book to inflate EPS,much prefer real earnings to do that,Nagle out, thats a good shout.

Thanks for clearing that up for me Sparkle1.

I have just spoken to Halifax share dealing who have informed me that they have not received any payment from Glencore as yet?I told them I found that hard to believe, was told I would have to speak with Glencore directly to try and resolve this,seems the Halifax are holding on to the cash to earn a little interest, will not be using them in the future.any one else having the same issue with the Halifax?

Surely with the floor prices set, at these levels the muppets deem as being the point at which the price is deemed a windfall, the tax should only be paid between the difference of the price down to the floor, ie,if the price of oil is $75 then the tax should be paid on the amount over the floor,75.00-7140 =3.60,so just tax the 3.60,should be done on the same basis as PAYE,40% unto the floor of 71.40,then extra 35% on the difference, lets face it, the way this is set up, every single profit made is being deemed as a windfall, although welcome, they are still way off the mark with this extortion.