Member Info for RichTheNewbie

Yeah, I imagine they’ve just got themselves into a pickle where they’d never have started/announced a dividend now, but feel they have to continue the one they already started, for appearances sake, even if it’s like robbing Peter to pay Paul at the mo.

Oh this pesky dividend….still feels silly to be using cash on it right now (and doubly so on a pointlessly small one that nobody would invest for).
A good rule of thumb is that if the dividend is less than half the normal spread of a stock….it’s a total waste of money!

Knowbody: yeah. To be fair in these markets who knows. Often being short-termist and tight-fisted is rewarded at the moment even if it's not the best strategy long term! So, could be taken as a positive :)

FRAS (frasers) have bought misguided for £20m. Not sure that’ll go down well here. Seems cheap and competitor kept alive.

Yeah just under 143 to just over 138 at present.
Or roughly 6.9 to 7.15 in old money
Brokers probably just chancing their arm that a few dingos will sell them some shares for well under the price they were trading at yesterday ;)

January: yeah I hadn't replied previously as I didn't think your numbers were right but I'm yet to be sure (hence why I was reading the board to see if someone said something that would convince me). It looked like you thought the tax was on net profits rather than the profit before any tax offsetting/deductions.

Pelle:
If the new tax is roughly 25% of operating profit on top of other taxes (as it doesn't allow offsetting against tax losses etc), if you're saying you're allowed £56m for H2 just for the new tax, does this mean you're saying that the operating profit you expect for H2 is about £400m? Or £800m for the year ballpark?

Pelle - How do you work out net debt that low after the recent tax rise? If that's the case the company should be plastering it on the front page of every presentation. I suspect it's not even close to right though.
Elitesky - think I'd have got more sense out of some thick paté! patethic,sry.

You're not being serious about a dividend surely!? That would be bonkers right now. Every penny should head towards reducing their debt pile and once that's at a much more healthy level that would be a time to consider it.

"What if the govt increases the windfall tax?"

Don't be silly, this tax is unpopular enough already with traditional Tories, and puts the tax total up to 65%

There's more chance of you being elected the next president of the US than them raising it any more.

If anything, companies like EnQuest will be lobbying hard for exceptions to be made, like maybe having debt/interest payments counted as a deduction before the tax calculation is made (I know that's what I'd be lobbying for in their shoes). After all Sunak does want to encourage more domestic oil (for obvious reasons).....he's just gone about it in a very stupid way.....no change there then from the worst Tory set of politicians in history.

Most people’s opinions are probably better than BS automated sites like Simply Wall St…;)

The best time for consolidation (in my view) is always when the company is stable rather than pre-production and more speculative / prone to SP swings that might result. So I’d say once Araguaia is generating lots of cash then it might be worth considering.

I was looking for something a bit more material than that ;) as historically that wouldn’t happen on most goldies who’d fall with the gold price rather than rising with the market.

Not followed this for a while but just looked in to see how it was doing with gold tanking to find it up. Is there any obvious reason for this that I’ve missed or just the market being unpredictable as usual?

payments being = payments being better
(Obviously)

Whilst I think the divi here was a bit premature (even pointless) I do agree with the principle of more regular dividend payments being whatever the stock to prevent the trading up/down around ex-div times. The more the divi is cut up the more pointless that is and encourages holding.

Away at the moment so can’t see live trading, other than the IG mobile prices, but doing better than I expected this morning, all things considered.

And drunken mystic smeg here called the quick flush. Wasn’t sure it was going to be that quick. Might be a decent buying time on gold (bottom of its downward trend channel) but could be minorly painful here in the morning. Still not sure if that’ll be the final dip but probably more like 50/50 now in my mind.

We’re all thinking the same things but I’m not sure I’m as decided in my view as to they can’t/won’t. Logically you are of course correct and I’ve argued myself they can’t or at least can’t keep doing it and turning off the taps to high degrees, and further that it’s their usual noises and bluff. However on much more recent times I can’t help wondering if they might still do it a bit more than we might think based on political noises…but then later ease off / row back once it doesn’t work as it obviously won’t.
For this reason I’m still 2/3rds cash. I hold very little right now but have been buying ITV because I think they’ll be able to pay their planned progressive div from 5p and the lower the price the more ridiculous that yield is and doubly that the takeover chance will exponentially rise. Despite the current hatred for anything associated with streaming (which is overblown and overattributed to them anyway).
Apologies for the off-topic at the end but it’s in the spirit of kindness as no amount of LSE punter buying will influence the price and is my current best “safe” bet on a 2-4 year basis.

Looking like gold wants a final flush down (imo). If you manage to time it right then that could be the opportunity time on this or other goldies (assuming you’re of the view it will rebound and start heading up, which I do, but calling the bottom in these markets are more difficult than ever with people being hammered in one thing seemingly leading to people freeing up money from gold / covering).

Tony: it’s not Singida which I’m questioning but trying to better understand the future years left at NGLM and whether the estimated production numbers are optimistic or realistic.
Would just like a bit more detail from the company on this, just in basic terms like the kind of tonnage they’ll be aiming for in future years of halves and the grade. I.e have they planned for steadily declining grades with steadily increasing tonnage/processing to offset it, etc.
Of course this isn’t the exciting stuff - but would be nice to hear detail on their base case without new discoveries.