Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Crazy drop this morning and usual nonsense headlines, so a 28% drop in profit in comparison to previous year, that year was up 57% on previous year ...so over 2 years looks pretty steady despite all the craziness in the world!
Strong oil odours at surface BS I smell that at my local tescoe petrol station ..I might just go and submit a drilling application.! ….if that fails , I’ll start a cleaning company as someone must have spilt some oil!
Half the rampers are probably on the board of UKOG..If they need to raise further funds Im sure we will get some pictures of shinny new equipment soon , its Quite appropriate a Turkey of an oil company is drilling in Turkey!
Chips I heard one US analyst saying that companies on the Dow pay less dividends than on the FTSE100 which would effect the index value..The FTSE is seen more for income as opposed to capital appreciation...I haven't compared the two
I think the banks have been very clever with their wording in the final results, they want to avoid our "communist" government being pressured by the Labour front bench into taking higher one off taxes! A high level dividend would lead to crazy newspaper paper headlines on banks profiteering (even though most people would benefit through their own pension schemes)
Could it be the UK Government set a huge sell order for results day, and at the same time in lloyds; the resulting sales would trigger stop losses as the pice fell, increasing the fall ??
From what little I know..the drop seems well over done, profits only came in a little under projections, and that is after the fine in the US, if we can get through the next months without fines or nonsense then the next set of numbers should be more positive . The downside I can see is the Dividend which at 7.5p is only 4.36% return on current share price ...for the share price at £2 that would only be 3.75% ..PIs can earn a better income without the risk!
With the increase in interest rates, UK banks are currently good value and must be in for a re-rate. Bad debt provision will certainly rise as repossessions and defaults rise but we should expect good results in the next round of earnings .
Lloy and Barc still to get to pre Ukraine invasion levels, NWG are there and that was all well before the round of interest rate rises. Inflation should down quickly in 2023 and its scandalous that petrol and diesel has taken so long to start falling - the cost of fuel feeds into the cost of all goods. If only we had a chancellor with a pair of xxxx , as there should be a one off tax on energy companies who financially benefit form this madness!
ANGS is please to announce it has drilled to 2765m and hit 115,000,000 shares ...following a successful side track , and with the compressor, the company expects to hit another 245,000,000 shares in the new year
George Lucan has sought advice from FSA to change the company profile from an Energy company to an Share Issuer and writes Brockham has the potential to issue a further 500,000,000 shares in the coming months
It has nothing to do with the global markets falling that the share price here is falling, if anything with the global situation of raising energy costs this should be flying!
The reason is .... a complete lack of credible information/data from angs, few people really trust what they say, and with good reason given their history of misleading statements . The history of ANGS is of a company constantly hyping assets without every delivering. If they issued a "Humpty Dumpty rescue RNS" there would be lots of pics of JCBS and cranes on site with future timescales...but would they ever get the Humpty back on the wall ??
That was a typically pointless AiM RNS basically reading....."come back in 2 weeks and we can tell you what was delayed and went wrong " or am I getting cynical in my old age ??
Share price still 1.90 ..which says it all really !!
2022 Gas producer with share price of 1.80p!!! ....I know I will get abuse and accused of being negative and all kinds of nonsense ...the share price doesn't lie, forget the BS of "they want your shares" ...."im not giving mine away" .."I can see a tree shake coming" ....."wait for the sidetrack" and all the other nonsense.....there are just sells coming though in bucketloads and company BOD who provides as clear an answer to a question as Liz Truss!! .. If you asked them how much revenue their creating from gas sales....the answer would start . .." when the sidetracks complete were hoping to get ....There has been a straight answer to any question ...its a lifestyle company for the board !!!
Beechknot ..How much free revenue for angs is the million dollar question ..we need an RNS to clarify
The drop today could be easily putdown to trading & stops hit ..this has risen quickly and many PIs will will take the profit ..and look to get back in on the drop
Until the company puts out concrete data and not crazy videos of working equipment then there is no reason to be positive!! ....which idiot fell for the amateur video on Twitter...Videos of machinery doing something lol its just another smoke screen to buy more time !!!