Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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"). '
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.
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
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
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.
And OM news:
On 28 March 2022, the Company received the following update from the Chairman of the Panel considering the Ombrina Mare arbitration:
"The Tribunal anticipates that the proceedings will be closed in the next few weeks."
https://www.londonstockexchange.com/news-article/RKH/extension-of-heads-of-terms/15393910
Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that Rockhopper, Harbour Energy plc ("Harbour") and Navitas Petroleum LP ("Navitas") have extended the provisions of the previously signed heads of terms (announced on 8 December 2021) from 31 March 2022 to 30 April 2022. The main elements of the transaction have all been agreed, with a view to signing definitive documentation by this date.