Member Info for r1234

Waiting to see what the interim divi is, I'm hoping for at least 4p. Anything more than that and the SP should respond. If we match last years 8.7p I'll be very happy.

Putin invaded Ukraine to stop them developing their own massive oil and gas fields and selling to Europe, effectively cutting Russia's huge income which I believe is 60% of their GDP. It's nothing to do with NATO, it's all about money.

Yes sanctions are hurting us, but at least we are not (yet) paying in blood like the poor Ukrainians. Anyone who excuses Putin and the carnage he has caused, I have no words for you.

I hold my shares with ii in an ISA and asked about the open offer, this is the reply I got:

We'll be issuing a Corporate Action notice about this later today. If you check the Corporate Actions section of your account this evening you will see a Notice about the Open Offer and you'll be able to make your election.

In terms of the warrants, they'll be recorded on your account like any other holding and you'd need to phone in if you wanted to exercise them in future.

From the presentation:

SHAREHOLDER DIVIDENDS
Dividend policy states a minimum distribution of 30% of Centamin FCF1
2022 dividend intention: minimum 5 US cents

1. Group free cash flow, after Sukari profit share split and Group investing activities, before dividend distribution 2. Fin al dividend subject to Board recommendation and shareholder approval.

This may be what is supporting the share price above 7p. People buying in so that they can take part in the Offer and get access to the warrants.

My understanding is that for every 2 shares you buy in the offer you get 1 warrant (equal to 1 share) which you can optionally buy for 9p no matter what the share price is at that time up until 31.12.2023.

'Each Warrant gives the holder the right to subscribe for one new Ordinary Share at a price of 9 pence per Ordinary Share (the "Strike Price") at any time from the issue of the Warrants up to (and including) 5.00 p.m. on 31 December 2023 (the "Warrant Exercise Period"). '

But what if we got very little from OM, the SP would tank and we would have to issue many times the shares to get the £5M.

Anybody know if an OM pay out would be subject to the WFT?

In accordance with your request, we have estimated the unrisked contingent and prospective oil resources, as of
April 30, 2022, to the Potential Acquisition interest in certain discoveries and prospects located in the Sea Lion Main
Complex (SLMC) and the Isobel Complex, offshore Falkland Islands.

My reading of it is that the contingent resources (2C 712mmbbl) include Isobel, the prospective resources do not.

It includes Isobel.
Not sure if I'm comparing like with like but the 2C seems to have been raised from just under 600 to just over 700.

If like me you can't translate, scroll down to the second half of this document
https://mayafiles.tase.co.il/rpdf/1450001-1451000/P1450060-00.pdf

Pros and cons. If you were in Russia would you dare criticise Putin using your real name?

Whichever company you trade your shares through should provide you with a Consolidated Tax Certificate at year end to help you fill out your tax return.

I believe the special dividend is treated as any other dividend, but if it really is a return of capital then you may be liable for CGT (high threshold here though (£12,500 I think)).

Compare shareholder returns to peers.

Same 16p dividend as BP, but BP are also buying back shares. Both are paying off debt.
At £4.14 BP yield is far better than HBR.
Does that make BP under valued or HBR over valued, I don't know.

SHEL divi is 4.5x HBR, share price is 5x, so HBR is better value (but again SHEL also buying back).

So you look to the future and say HBR will do better as hedging is removed/updated and they will soon be debt free. Well until then your money could possibly be working harder elsewhere? (Given the increased CAPEX for the next 3 quarters my guess is that debt will still be about £1B at year end).

Markets like certainty. IMO

23 August 2022 (or thereabouts)

This was all discussed ages ago and the opinion of most posters was that an out of court settlement would be avoided by RKH because they would no longer have the enforcement protection of the court and wouldn't be able to stop Italy playing games. An in court settlement means the case WILL be settled.

Steady as she goes.

https://www.londonstockexchange.com/news-article/SYNT/q1-2022-trading-update/15428712

Whilst macroeconomic conditions remain uncertain, we are encouraged by the underlying trading conditions and a strong Q1 performance with continued margin growth reflecting our ability to successfully manage the inflationary environment.

Accordingly, our full year outlook is unchanged. The Board remains confident that the benefits of recent acquisitions, continued investment in new capacity and our proven growth strategy will underpin sustainable profit growth in the coming years.

https://www.lse.co.uk/rns/RIO/notice-of-dividend-currency-exchange-rates-6omljpws1kcjc2j.html

I think this is how it works?

On 23 February 2022, Rio Tinto announced a final dividend of 417.00 US cents per share.
Rio Tinto Limited shareholders to be paid: A final dividend of 577.04 Australian cents.
Rio Tinto plc shareholders to be paid: a final dividend of 306.72 British pence.

The above as per the USD exchange rates on that day.

Rio Tinto Limited shareholders who elected to be paid in GBP got 577.04 x 0.57400 = 331.22 British pence
Rio Tinto plc shareholders who elected to be paid in AUD got 306.72 x 1.74215 = 534.35 Australian cents

The above as the GBP/AUD exchange rate on 12th April. So it's down to luck on exchange rate movements.

So an OM payout within the next 6 months would be timely.