Member Info for redwineday

It's not. The comments under the story are spot on.

Another couple of weeks like today and I'll be in the black!

Biggest positive for me in this announcement is it looks like finally that they have a handle on forecasting, i.e. no surprises and cautious on outlook is also to have the possibility to over achieve whereas up till late last year it was all the other way around.

Well we won't have to wait much longer. FWIW I do think there will be more substantial buybacks.

What will be most important will be the outlook and I think in particular the margin forecast for the year. Here I am bit more optimistic as it's more under their control and we could see in the last qtr the headcount being reduced. I would have thought that they would be doing more on this to get the margin back up to 15% minimum. If the can improve the net margin to this level on even the same turnover you are adding 40-50m to the bottom line.

But then again I have been completely wrong on S4 since the first day I bought in so I clearly have no idea.

Yeah, you deserve a peerage for your altruism. Probably quite achievable with the current lot dishing them out...

Its a month old but nevertheless

https://www.cnbc.com/2024/02/05/digital-ads-show-signs-of-rebound-as-meta-amazon-point-to-growth.html

The ITV chief executive’s tone was a significant shift from her mood in July, when she was unable to provide any assurances about the health of the advertising market. “This is the worst advertising recession since the global financial crisis,” she said at the time. “We just can’t tell you it’s OK because we don’t know that yet.”

The boss of ITV believes that the advertising market is bouncing back from what she described last year as its worst recession since the global financial crisis.

Profits at Britain’s biggest free-to-air commercial broadcaster fell by more than half to £193 million before tax in 2023, from £501 million in the year before, mainly as a result of a downturn in spending on traditional television advertising.

But Dame Carolyn McCall’s belief that the outlook is now brightening was a boost for investors and its shares jumped by 12.2 per cent, or 7½p, to 68½p last night, a five-month high.

We’re definitely seeing more confidence in the advertising market,” McCall, 62, said. “Our first quarter is up 3 per cent year-on-year and also pleasingly up 3 per cent on 2019, which was the last normalised quarter before Covid.”

Auson

But the lendee has to sell the stock it has borrowed to be able to buy them back at a lower price later - no? Or do they use the stock borrowed as a hedge on a derivative?

All or mostly junior explorers are binary. By definition they are a bet on their acreage and the odds improved significantly on the back of yesterday's news.

I have been very critical of Gil in the past and I still think he deserves that criticism. However to be fair to him he has been keeping his head down of late and has delivered on this. Fair play.

This is now just a matter of time until the cost free spud .

What utter drivel. Have you even read anything about the resource? Clearly not....

So, ECO announces $20m cash coming its way and 2 free drills and SP ends up lower after 1 trading day. Only on the LSE. NASDAQ listing would have seen this triple...

Country is Donald Ducked...

Buy trade of 9 shares and MM drops the price by 10%!

I guess they just woke up to the fact that on TSX it dropped by 10% yesterday afternoon.

You mean £4 or bust

MM's seem determined to keep this below 60p. It keeps getting close and they let algos walk it back down. I wonder why!

Eco did much the same before the 2b drill. 18p 1 year out to 45p during the drill. 50p plus post spud this time looks more than reasonable given the bigger potential in the CPR and the fact that Total are doing the drilling.

Did your mates at Aces bar tell you all that. Lol....

I hope SMS has a bazooka primed for the presentation. Seems to me only something big can break the selling here.

*move to clean up

As I read it. $8m cash to Eco on completion. Another $5m when the permits are granted and 6.5m on spud. MY take on the market reaction, or lack of it is drilling is at least 1 year way. Only impact here is $13m this year. Relatively immaterial to the SP, so no rush to pile in.

Also, I suspect will see AOI more to clean up its stake in ECO and that could be anything from purchase to sale in the market, both SP moving events. I would think this will happen reasonably quickly as they must have been discussing it for a while knowing that this was going to happen.