Member Info for oxygen

Always a lot going on at Avacta, just now need to deliver before that credit card needs repaying. Holding but no longer buying as suspect Traders fatigue will now prevail until next news arrives.

Post Brexit the Gov. has also screwed your chances of settling down abroad without having to jump thro quite a few hoops !

Don’t forget they’ve already stated FY Results ending 2/23 have an EBITDA expectation thats in line with the market consensus, with Revenues likely to have declined approx 12% YoY, so if there are any shocks it’s likely to be on the Outlook for 23/24. Given a further 25bp Interest Rate hike now looks baked in for May, I suspect this is where they will be rather cautious , which generally doesn’t go down well by the Market !

Thought we were promised 150p by lunchtime from those in the Know …..it certainly beats reading the Beano here !

Well that “highly preliminary proposal “ will have quite a few caveats attached so any indicative valuation will currently be rather meaningless. All we do know is if it goes nowhere, this drops like a stone

Not sure you’ll see any Director buys now given their latest Growth Share Plan albeit wouldn’t surprise if they’ll feeling those hurdle SP’s still can’t be achieved before retirement. Inflation is a killer.

The guys only got himself to blame for accepting such an inflated IPO price that was quickly Shorted down to its rightful level. The City ain’t there to help anyone other than themselves….like many before, MM’s been chewed up and bled dry. He needs to get out….but needs others support and that’s his dilemma.

Interesting change in sentiment over last few days, this could still swing higher as weaker hands will already have departed.

Think positive, they’ve paid over £150m in taxes during the year, wonder how may on Benefit Payments are Customers ?

Apollo aren’t quite as naive as many seem to think, you just need to understand where they see valve in THG and these results shouldn’t deter.

Impressive performance including significant reduction in Debt over 6 months, clearly all helped by being at the forefront within the rapidly growing EV Market.
Just hope the SP doesn’t take off before having a chance to load up more !

The disappointment here is that originally the EPL was introduced to capture the genuine windfall profits that very high Oil Prices could generate, post Russians invasion. It’s now seemingly turned into a Fossil Fuel levy, the chances of it ever being withdrawn looking rather slim, and certainly not under Labour.

Most here are surely LTH’s so why bother about the SP until you wish to sell. Personally would be delighted to see this 50% lower to acquire more, but suspect that won’t now happen.

Anyone who’s read “ Empire of Pain” about the Sackler Dynasty / OxyContin, will realise not everyone puts the patient first. That said it will take deep pockets if anyone wished to stifle progress here.

Suspect Gareth Penny is the dark horse here and may well have already cleared ‘ Becher’s Brook’ with that clear out !

Thought this to be a well balanced comment from their Chairman today “ In the meantime, however, the Government has raised taxes on the offshore industry to a level which does not reflect current prices or provide for a price floor level. This has impacted the smaller companies disproportionately far more than the international companies and is likely to become unsustainable given that prices are now very materially below the levels envisaged when the tax rises were introduced. Combined, this has had a material effect on the share prices of companies such as Serica and puts a question mark over the financing of many North Sea projects.” The pressure is mounting !

Webcast is filed under 2022 .

During the Q &A Session it was Ian Wood who mentioned 2024 as the Dividend / Buy Back date. Likely was a slip by IW but not corrected by AB, so one assumes that is the timeline they are working with. It’s also my timeline !

Whilst our destiny is tied to POO we can be thankful the Cartel will protect us ! Interestingly our average realised OP c. $103bbl for 2022 was achieved , pre hedges, which was no doubt influenced by Krakens premium….not many Producers can deliver stuff straight for usage as VLSFO ! . UK Motorists won’t be happy soon !

As we’ve come to expect, AB’s delivers another measured and un-emotive commentary ( unlike you get on Bulletin Boards ) which contain much interesting detail, like Golden Eagle paid back costs achieved within c.14 months etc etc. On balance decided to renew my commitment for another 18months, by which time I expect to be receiving Dividends !