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Midas..
Listened to the presentation again!
The hard work has been done, the money has been spent, the worldwide automated vertically integrated distribution centres are in place with potential capacity multiples of current levels.
Capex will now decrease substantially along with exceptional expenses and EBITDA increase accordingly. Profit margins will increase as input costs have dropped significantly.
The future is bright, the future is THG !
HTTps://citywire.com/investment-trust-insider/news/expert-view-british-american-tobacco-mobico-888-holdings-pphe-hotel-and-serco/a2424877?re=112535&refea=1341638
Mobico’s weakening shares move Liberum to upgrade
Liberum has upgraded Mobico (MCG), previously National Express, after a weakening in the shares of the transport group.
Analyst Gerald Khoo upgraded his recommendation from ‘hold’ to ‘buy’ but kept the target price at 100p on the public transport operator, which was trading at 84p on Friday.
‘Mobico is a good company in what ought to be an attractive industry, but with some current trading challenges and a highly leveraged balance sheet,’ Khoo said.
‘If management can overcome short-term issues and meet earnings expectation over the next two years, we see scope for a material rerating.’
The recent share price weakness has, for now, ‘shifted the risk-reward balance favourably’, leading to Khoo’s upgrade
Baghdad agrees to provide Erbil’s financial entitlement
(Rudaw: July 27 2023 - 14 mins ago)
"A statement from the KRG delegation in the early hours of Thursday said that the two sides reached an agreement on the implementation of the Kurdistan Region-related Articles in the budget during the meeting.
“Within that framework, a joint memorandum was signed between the two delegations to immediately start funding the Kurdistan Region,” it added.
The federal government delegation is yet to comment on the new agreement.
KRG Spokesperson Peshawa Hawramani said in a social media post that, as a result of the agreement, the salaries of the Kurdistan Region’s public servant salaries will be distributed as soon as possible.
Iraq passed its highly-contentious federal budget in June after months of discussions. The KRG has appealed several points in the federal budget law relating to the Kurdistan Region, including Articles 11, 12, and 13, which detail the Region’s share and the management of its oil, claiming they were drafted “unlawfully and unconstitutionally.”
The budget law obliges the KRG to sell 400,000 barrels of crude oil through Iraq’s national oil marketing body and if the suspension of exports continues, Iraq will take Kurdish oil for its internal use.
Turkey stopped the flow of Kurdish oil through the Iraq-Turkey pipeline after a Paris arbitration court on March 23 ruled in favor of Baghdad, saying Ankara had breached a 1973 pipeline agreement when it allowed the Kurdistan Region to begin independent oil exports in 2014.
The Region’s oil exports have yet to resume and the federal budget is expected to be implemented later this month. The KRG, which heavily relies on oil revenues, now is reliant on local income and money sent by Baghdad as debt to pay its civil servants."
hTtps://www.rudaw.net/english/middleeast/iraq/27072023
This is big news...
#Iraqi Prime Minister Mohammed Shia al-Sudani met with the Ambassador of #Turkey to Iraq, Ali Konay. They discussed ways to enhance cooperation between the two nations and the forthcoming visit of Turkish President Recep Tayyip Erdogan to Iraq, underscoring the importance of furthering ties between the neighboring countries - statement
#Iraqi Prime Minister Mohammed Shia al-Sudani met with the Ambassador of #Turkey to Iraq, Ali Konay. They discussed ways to enhance cooperation between the two nations and the forthcoming visit of Turkish President Recep Tayyip Erdogan to Iraq, underscoring the importance of furthering ties between the neighboring countries - statement
KRG Delegation in Baghdad Discusse Payments of Oil Companies in Kurdistan
ERBIL — A Kurdistan Regional Government (KRG) delegation on Tuesday held a number of meetings with Iraqi counterparts in Baghdad, highlighting the implementation of the federal budget law among other topics.
The KRG said in a press release that the Kurdish delegation met with officials at the Iraqi Prime Minister's office "to discuss a range of significant topics."
"The meeting included discussions on finance, the budget allocation for the Kurdistan Region, reconciliation of previous months' balances, and non-oil revenues. They also addressed the funding of the Peshmerga forces and petrodollar issues," the press release added.
After the meeting, the KRG delegation went to the State Organization for Marketing of Oil (SOMO) for discussions concerning oil exports from Kurdistan Region, in accordance with the provisions stated in the public budget law. The meeting also emphasized the timely payments to oil companies operating in Region.
"Next, the delegation proceeded to the Ministry of Planning of Iraq to deliberate on the budget share dedicated to investment and development within the governorates of the Kurdistan Region," the press release noted.
Finally, the delegation paid a visit to Ammar Subhi Khalaf, the newly appointed head of The Board of Supreme Audit of Iraq, to extend their congratulations on his recent appointment
This is fantastic news for Ceres
https://www.reuters.com/business/energy/bosch-ups-investment-hydrogen-begins-fuel-cell-power-module-production-2023-07-13/
Doosan has secured a domestic supply chain and laid the foundations for growth beyond the 10kW system into higher power applications. South Korea is one of the biggest shipbuilding nations in the world, and Doosan has signed a letter of intent with Shell and the shipping division of Hyundai Heavy Industries, looking to apply Ceres’ SOFC technology to auxiliary and even prime propulsion in ships.
Https://www.ceres.tech/technology/ceres-power/marine-motive/
Ceres’ systems produce electrical power at very high efficiency and have the added advantage of being able to be integrated with heat recovery systems to provide heat to vessels.
Analysts at Berenberg reiterated their 'buy' recommendation and 1,155p target price for shares of Ceres Power following a technology teach-in with the outfit on its solid oxide electrolyser offering.
The company, which develops fuel cells for power generation and electrolysers for green hydrogen, provided greater detail on its SOEC products, the market opportunity and its strategic and commercial roadmap, they said.
So too, one of Ceres's key partners, Shell, had given further details about its expectations from the demonstration and the overall market.
"We came away more positive about Ceres's real differentiation in the space, even against its SOEC peers, and that electrolysis offers a significant second leg to the story for which the market current ascribes little-to-no value," the analysts said.
They conceded that the market focus in the short-term would be on its China joint ventures.
Looking past that nonetheless, they anticipated that the business would keep adding new licence partners in order to expand its footprint by regions, increase its manufacturing capacity and thus its high-margin stream of royalty revenues.
"We make no changes to our forecasts or valuation at this stage and retain our Buy rating."