Member Info for S34icknote

Which is the better play ???

Thoughts on Ith that is rallying well of its lows .

Big div 20 percent !

120 k production all North Sea .?

Vs

Harbour

8 percent div

485 k production

Diverse global portfolio

With the sale and two years divs provisions of 400 million are covered . Plus profit on top ? Say 75million is 475 million

Speculation of 150 million to 650 million required .

So by end of 2025 worst case is another 175 million

Or middle of the range and we are covered !

I guess it’s how much the share price has priced in ?

Company valued at 1.2 bn before crisis .

So minus 650 million worse case ? Is 550 million ?

Didn’t close brothers win there case in the county court ?

Why do they bunch all three cases together ?

Worldwide Transport takes 65 percent of oil , not production .
Stand corrected

Is it true 65 percent of oil is used in production ??

I keep hearing this .
I invested heavily in pharmas to buff against the decline or recession we will enter .
Many job lossss to come yet . Many business have collapsed .
Some will recover some not .

It will be the haves abd have nots and the unlucky ones !!

When cleaners and coffee machine attendants are asking how to get onto building trade cause their loosing their jobs !!!!

Offices are empty !!!!!

You can sell loads pressure building

The cashflow is enormous to market cap

Online doubled
Sales up 10.9 percent
Net debt 7 million. To net cash 4 million in last six months

15 Nov '20
E commerce development
The Group’s e-commerce channel has continued to grow over the Historical Period reflecting the
renewed focus on this channel.
The Group had online sales of £9.4m, £12.6m and £17.2m in FY16, FY17 and FY18, respectively, with an EBITDA contribution of £0.8m, £1.2m and £1.5m in FY16, FY17 and FY18, respective

2020 ebit May 2.5 m

Directors bought Halfords in jan at 1.50 they went to 49p and now 259p
Think the same will happen here over six months !
Lock down finished 2’ Dec
Big uplift to come at half year results 22 jan

Director buy in July 2020 !
That’s after covid in my book ??
Sadley hoyle loaded up in jan Feb 1.6 million I think
He is waiting for august payment from Huddersfield
But they may struggle in paining with no fan sales !
So not that worried
Sales in stores flat lining
Online lifting sales 10.9 like for like !
Online sales doubled !!!!
Overall sales down 7 Percent with 7 lost trading weeks !!!!

Following Farm-in Completion, but prior to 1 April 2021, Navitas can exercise a withdrawal right, subject to certain conditions including in the event that Phase 1 FID has not occurred.In the event that Navitas' board has failed to take a positive Phase 1 FID by 1 April 2021, or otherwise fails to secure its share of funding, Premier may elect to remove Navitas

Could get reinstatement if div in January

THats the beauty of this stock
No debt
Cash cow
Online in lockdown so absolutely no chance of going bust with furlong scheme in place

Would a takeover of rkh be more beneficial rather than kicking navartis in to touch being that rkh aren’t paying any costs ???

Online double last 19 weeks so could be 34 million pa now !!

E commerce development
The Group’s e-commerce channel has continued to grow over the Historical Period reflecting the
renewed focus on this channel.
The Group had online sales of £9.4m, £12.6m and £17.2m in FY16, FY17 and FY18, respectively, with an EBITDA contribution of £0.8m, £1.2m and £1.5m in FY16, FY17 and FY18, respectively.
The growth in e-commerce sales has been driven by a number of factors including:
? increased visitor numbers to the The Works website;
? improved conversion rates (that is, an increased percentage of visitors going on to make a purchase) driven by a number of website improvements including a store stock checker, a new server to enhance speed, one-click checkout in partnership with PayPal, web-layout improvements and a redesign of the mobile website; and
? improved Click & Collect functionality, making it more convenient for customers to collect their orders.
ESMA31
ESMA 27 ESMA 28

Endless selling 10 percent
-and covid sell off

They probably have bills to pay that haven’t been paid in time to go in the six month accounts .
Hence they are saying they have around 4 million that has inflated the cash balances in first half .

7 m debt to 8 million cash less 4 million favourable timings
That’s 11 m pa over sixth months
22 p a not inc Nov Dec months ??
For market cap 14 m - 4 m cash = 10 million
So cash flow in six months more than market cap
530 stores valued at 18 k each !!
And online business growing fast to suit !!!
Director buying in jan at 37/48p
Last a year at 68p
Normally paying a 3.5p. Pa div !!!
Lfl sales growing at 11 percent !!
Depressed by dumb institution selling out !!! And covid meltdown
Timber Halfords at 49p in March !!!!!
Premier foods at 18p in March !!!!!
William hill !!!!
Get the feeling the market will wake up soon !!!