Member Info for romaron

Hi Nuri, you wrote "You might ignore Timmy at your pearl!" - I'm sure he's a diamond geezer.

Amigo is the flawed and hopeless case. Something to do with feckless individuals borrowing from their relatives (effectively) and poor governance. The founder of Amigo is a convicted criminal I believe. Chalk and cheese.

Hi Timmy - looks like you're not going to see Amigo at 20p.

Hi Therapist - your post seems to have been hijacked. For good orders sake I have placed the miscreants in the Filter bin.

https://www.londonstockexchange.com/stock/66WS/provident-financial-plc/company-page

Still a YTM c. 9 percent. Perhaps they'll buy some with the deposits from Vanquis. They've done it before.

-25% is a bounce?

Locked in a corner shop with a dead prostitute? Spin - say nothing and sign nothing. You could be locked up for a lot longer.

Hi Rustolph - CCD has been a dead duck for some time but as you say the "No win - no fee" brigade have brought many companies to their knees. I had a car accident and a year later the company asked me for more details. I guessed (correctly) that they had been approached by a "No win - no fee" company and said I would help them in any way I could [self-interest for premiums]. I was rear ended but the camera facing forward helped. They try it on endlessly.
Back to CCD. Where are these borrowers going now? Klarna is the latest poster baby and will likely go the same way once debts build. Klarna is filling a vacuum that Covid created but the world will rebound and so will borrowing. They will cover some purchases but don't underestimate the experience and stretch of PFG. The underserved still remain. Vanquis and Moneybarn remain valuable assets. Impairments can be reversed. Not a good day but I'm hanging on to mine.
I don't believe that PFG did receive most complaints in percentage terms to lending but the offer of free money from a no win-no fee company is irresistible to the feckless. You can also read into this that PFG are putting pressure back on the FCA. If you make it unviable there is little option but to withdraw from a market. We're still not through Covid and when the all-clear is blown there'll be a demand for credit. Klarna isn't the answer.

I've found a major flaw in this video. It is based on an impossible scenario. They try to say that with a FCF of $70WTI most companies could buy back all their outstanding shares and debt in 5 years. Take a company we know something about; let's say EnQuest.
I can easily see us paying off debt but surely the share price is a variable. I'm not selling at 23p however much AB wants them. Obviously the future is unknown but the more it looked like we could do it then for the equation to have any semblance of reality then surely the MC keeps rising. We're roughly at $1.7bn today. At a Brent of (say) $75 you could clear it in 2 years from now. However, the aim isn't zero and along the way there'll be new developments/projects and dividends. I doubt there's any chance of net debt & shares being cleared. However, there's a good chance of the share price being North of £2 if this happens.

*I don't need £2. I only really need the optician, the chemist and Greggs in my life. It's all about the specs, drugs and sausage rolls. Be Lucky.

Jan- why bother? It takes a special type to indiscriminately barge into message boards with the sole intention of attention grabbing. It's schoolboy behaviour that most of us have grown out of. There is a button for them!

Hi MO, glad you're OK. Your urbanity and knowledge has been sorely missed.

Now this is lazy. I don't even know if the rigs he's referring to are shale. I'm guessing they mostly are but there'll be a few conventional rigs in the mix.

Hi E- my reading of it is that there is a delayed reaction to almost anything to do with oil. People take today's figure and extrapolate out. That is just wrong. FX often goes through periods of glut and drought which are often the total opposite of a week or so down the road and they react much quicker than oil and to central bank tinkering.
It doesn't mean that shale won't return but there is a big lag and of course there are people who believe that the age of fossil fuel is finished. They're wrong as well but supporters fall by the wayside. It is even more about financing than ever. Not saying Art Berman is spot on but I agree with his thinking.

Speaks for itself:

https://twitter.com/aeberman12/status/1370718981137567744/photo/1

Just an observation. Last night there was a Bloomberg TV sidebar that said HYNs were back to their July lows. Well ours aren't. They're around 40 percent higher than July. If you go back further to March then we are 180 percent up.
Just waiting for the equity to carry the load from here.
These are significant indicators. It is always about finance. Just look at JOG.

I concur. The problem though isn't shorts. Basically the whole edifice just doesn't hold enough energy stocks. They didn't short them; they just sold out. Some of these dumb ESG funds have even closed the door on being able to get back in. The financial world acts as though everybody around the world drives an EV and we'll never fly again. It won't be easy after preaching environmental concerns to suddenly increase your exposure to fossil fuels.
Some people will try and pretend it won't affect them but passive funds and indexes will show their culpability in destroying investor's wealth. Old-fashioned FCF never went out of fashion!

Mousetraps: sorry - SOLD OUT

No you don't. You want to read posts that make you feel warm inside and richer as the price climbs. That's what we all want!
At least we're getting outliers talking about $100 plus for oil so who knows? Most operation updates in the sector these days seem to underwhelm so I'm not building my hopes up. I'll be happy with a steady increase. I'd like to see 28p a month from now.
A small confession. I bought more. I cannot sell. It could be a condition.

Not many people know that Shania Twain's dads name was Chu Chu.

The fact that we live at the bottom of a deep gravity well, on the surface of a gas-covered planet going around a nuclear fireball 90 million miles away and think this to be normal, is obviously some indication of how skewed our perspective tends to be. -Douglas Adams, author (11 Mar 1952-2001)

Not Morgan. Doing my usual intensive research I randomly came across this:
"? DGO stands as the largest independent producer on the London Stock Exchange ("LSE")"
It was from the 8 March RNS of Diversified Gas & Oil PLC. The only point I can make is that the bar is set at c.103 MBoepd. Why say it? They produce in the Appalachian Basin. It is confusing how these companies wander around the different markets around the world. The quote is just meaningless hyperbole imo.

*Juan, you up for an exciting game of Dominoes when lockdown ends?

I never knew that Pelle. So you and Norway were once one. Bit like us and Scotland. Says it all really.
The influence in Waldorf is still strongly Norwegian imo. There are better tax breaks in the UK part of the NS so that may well explain the move. Isn't hindsight wonderful!

Blimey gkb- I thought you were older than me judging from your posts. Stuck in a 50's mindset and reminiscing about the "Empire".