Member Info for Ribeye

i wonder what the open short positions are on SDRY? Asking for a friend on Reddit.....

Further reduced risk here on this basis - risk was already low, and potential rewards are significant in terms of both income and capital growth.

"Harworth Group plc

Year-end Trading Update:
COMPLETION OF PLANNED TRANSACTIONS AND A FOCUS ON BEDS AND SHEDS UNDERPINS STRONG 2020 FINANCIAL PERFORMANCE

Harworth Group plc ("Harworth" or "the Group"), a leading regenerator of land and property for development and investment, today provides a trading update for the year ended 31 December 2020 ahead of its preliminary results which will be announced on 16 March 2021.

The Group has delivered a strong operational performance in the second half of the year despite Covid-19 restrictions. This, coupled with the indicative outcome of the independent valuation of the land and property portfolio, means that we anticipate that the financial performance resulting in Group EPRA NDV at 31 December 2020 will be ahead of our expectations.

Highlights for the period from 1 October to 31 December 2020 include:"

Good point, although the book value the mention normally related to to non-income generating land for housing/building that wasn't producing income at the time of sale.

Hi tickhilltim - I look at 'book value' as confirming the NAV, which is 40% greater the market cap......it underpins the SP nicely.

Hi Blownout - Download the VOX market app, and set up alerts on your watchlist.

I get the RNSs to my phone.

Looks like another significant sale of land for housing in today's RNS. That £33m land sales for nearly 800 houses at or ahead of book values!

Also £26m spent on Saturn Park in Mersey side with a rental yield of 8% and development potential.

The lack of interest on here and the other place is also interesting.....no pumps, no dumps......what's NOT to love?

Yeah - we have a total population of 85k people. My practice is 30k and we're working in a group with 4 others and we've annexed a local community centre!

I have no concerns whatsoever about GPs and the NHS delivering the vaccine rapidly in the UK. The risks are:

1) There's not enough vaccine available (unlikely to be a constant problem given orders in place)
2) The vaccine isn't as effective as we expect (unlikely but the main risk as a I see it).
3) Someone proves that the vaccine is just Bill Gates' microchips and mashed up foetus (hahahaha!)

Vaccine take up is REALLY good in the 80+ age group......so the wnakers on Facebook talking about microchips are in the small minority!

I'm starting to deliver covid vaccines this Saturday. My mates started yesterday.

We're taking it slow to get used to the IT system we're forced to use, but we'll still do 480 doses.

In the New Year we'll ramp it up to 1000 per day. My guess is (I you give me enough vaccine) I can vaccinate 2 thirds of our adult population of 65k people (twice) time by the end of May. AZ vaccine in January will make it easier - could get done quicker! I can do it without disrupting the General Practice service either (which is 50% busier YoY right now).

Normal is back on the horizon.

If you think that oil and gas is about 'petrol and diesel', you are in the wrong place mate.

Registration starts in 10 minutes, run along to you'll get detention.

The B1 well was assessing the 'slope' was it not?

My understanding was that it was looking at the South East extremes to delineate the reservoir. If it had hit, and the inference was that the actually field was well bigger than P10, then the share price would have gone DOWN because because it would cost a few million more to appraise the hundered of millions of additional BOEs that that would have discovered.

The Sidetrack was heading back down dip into safe territory with a completion to better handle both liquid and gas phases for testing (compared with A2 which was designed for just gas)?

Good point RNSTanslator

I wasn't implying that that you just plug in the gas to the main easily. However, we know its a rural area with exisiting buried infrastructure - perhaps it's easier to put in (short) lines along side the exiting ones i.e to the SSE facility on the coast a few miles away?

Liquids (oil) are easier I suppose - they can be tankered to the refinery acroos the humber as per Wressle.

Also good point about the NPV10 - I can't remember seeing that count on sale of an asset in the 12 years I've been interested in this area.

The one thing I'm really foxed about is condensate. Can that be tankered? My A-Level inorganic chemistry brain (25+yrs ago) suggests thats a bit tickier than oil.

Nice summaries RNStranslator and MrInvestment.

For me there's the added 'value' from location of the asset. The damn MAIN gas line from the coast to Humberside runs THROUGH the West Newton field boudary (Between WNA and B well sites). This literally knocks MILLIONs of quid and MONTHS off the development to revenue potentially, not including the proximity to the end user!

I rember the glory days of Rockhopper which 10-bagged after discovering oil in the Falklands - oil that's still in the gorund 10 years laterand won't be developed in the next 2 years at least. OFFSHORE is expensive to produce.

I suspect a lot of people buying and selling shares right now haven't even looked a map!

There's more near term news coming in terms of confirmed porosity and permeability I would expect. Those kind of numbers as hard facts tend to concentrate the minds of serious people because they allow you to infer the size of the asset, and therefore its value.

Little bit of a land sell in Doncaster - 0.6 cares for a Burger King!

https://www.insidermedia.com/news/yorkshire/harworth-group-sells-land-for-drive-thru-restaurant?utm_source=yorkshire_newsletter&utm_campaign=yorkshire_news_tracker&utm_medium=property_article

Lots and lots of buys this am with prce ticked down still.

Nice 40k director buy yesterday too.

The Mercia Mudstone is at 900m I think. The side track should have been initiated BELOW that according to the data on Twitter.

I could not agree more that this is an excellent deal for all, not least UJO shareholders. 110k Return over the year, and EDR have probably saved that amount on 'finance fees' if they'd gone for a placing. This way the money stays within the partnership.

heheh! Can't beat a bit of S****horpe!!

Its a LOT more than 260k.....its multiple of that.

Also that's a conservative recovery rate.

I still love the ***** on the 'flags' bit! Good old LSE filter. PEN1STONE!!