The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://uk.reuters.com/article/idUKL8N2DL10D'
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Possible Dividends _____ extract
* PROSPERITY HAS PROPOSED ACHIEVING A REGULAR PAYOUT OF 50% OF UNDERLYING NET EARNINGS ON A SEMI-ANNUAL BASIS, SUBJECT TO A HARD CEILING OF A NET DEBT/ADJUSTED EBITDA RATIO LOWER THAN 2.0X
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* PROSPERITY HAS ALSO PROPOSED MAKING AN ANNUAL SPECIAL DIVIDEND
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Meeting 30 June 2020
Interesting the open offer is 2,131,151 shares (out of 13,481,744)
2.1 million is almost the same as market traded on 23 Jan 2020 a One in Hundred day
the price action was :-
23/01/20 open 370 hi 420.00 lo 322.50 close 344.00 volume 2,131,727
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More interesting 23 January 2020 we also had the RNS:-
End of Formal Sale Process and Trading Update
Pavel founded the company with Peter Hambro ... then called Peter Hambro Mining
He took a furlough period to be a Senator in Upper House of Russian Parliament
On return company was renamed Petropavlosk (Peter and Paul)
He remained during the Hambro debacle and rebuilt the company
Pavel was lost under Viktor Vekselberg but returned when Viktor left
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Pavel knows the politics of the company and Russia.
Pavel has been the key man in developing the POX hub
Daily Trading on Friday was a one in a hundred day for volume
Stats from 31/12/2018
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Maximum_________243,557,833___5 Nov 2019
One in 100 day__ 68,167,181____________Friday 73,323,906
Q3 High_________ 11,685,674
Q2 Median_________4,327,055
Q1 Low____________2,257,654
Minimum_____________202,501
Todays Telegraph
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https://www.telegraph.co.uk/business/2020/05/31/mining-giants-petropavlovsk-ugc-explore-merger/
Additional shares for Open Offer ... share price action looks good and company seem keen to get more investment
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Holders electing to take up their full entitlement also have the option to apply for additional shares be submitted by 4 June 2020 otherwise the default election option will be applied…. monies will be debited after the 4 June 2020 and new shares are due to be allotted on or around the 10 June 2020.
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Source my brokers notes.
FWIW ______Open Offer detail published so far: ______1 for 13 @ 2.90 possible ???
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Record Date for entitlements under the Open Offer____20 May 2020
Publication of Notice of the Open Offer _____________26 May 2020
Recommended latest time and date 4.30 p.m._________3 June 2020
Latest time for depositing Open Offer 3.00 p.m.________4 June 2020
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https://www.prnewswire.com/news-releases/walibi-holland-announces-virtual-queuing-partnership-with-accesso-to-facilitate-social-distancing-301056747.html
extract
'Last year accesso's patented virtual queuing technology empowered over 38 million guests to step out of lines at theme parks around the world. In light of the need for social distancing, accesso will now extend its range of use-cases to specific deployments around social distancing.
More Press
https://www.prnewswire.com/news-releases/holiday-world--splashin-safari-expands-partnership-with-accesso-to-implement-virtual-queuing-301057641.html
‘Holiday World & Splashin' Safari® Expands Partnership with accesso® to Implement Virtual Queuing
extract
accesso's virtual queuing technology dynamically adjusts to unpredictable variables such as guest flow and operational changes, allowing venues to employ real-time capacity optimization and real-time communication with guests via their own mobile device.
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Using accesso's virtual queuing system is quick and easy. After selecting a ride or attraction on their mobile device, guests will be placed in a virtual queue and a countdown will begin. When it's their turn to ride, guests will be notified to proceed to the attraction. Park attendants will conduct a contactless scan of the QR code on the guest's smartphone to redeem the ride reservation.
Last year sum of divi rates____145.79___as paid
This year sum of divi rates_____52.00___estimate
Difference______________________93.79____ A
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Share price opened___________1,419,00
Current price________________1,327.00
Difference______________________92.00____ B
A minus B …. NOT A LOT
'Last year sum of divi rates____145.79___as paid
This year sum of divi rates_____52.00___estimate
Difference______________________93.79____ A
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Share price opened___________1,419,00
Current price________________1,327.00
Difference______________________92.00____ B
A minus B …. NOT A LOT
Once upon a time in the long ago and far away (2008) BARC after a crisis was with SP at 185
in two week’s it dived to 50 and a week later recovered to around 100 to 115
where it stayed for a month before in next two weeks diving to 60
then the happy ever after happened, in the next two months as it rose to original 300 level
Just a wild thought about how the Drill Ship, Caspian Explorer, may earn something towards its berthing fees. She is a sizeable vessel with oil storage capacity. It’s carrying capacity is 8844 t DWT, For scale 10 barrels of Oil weighs roughly one ton
Contango, which allows the traders to make easy money by storing currently priced crude cheap oil, storing it, and selling it forward.
6 Apr '20 - 13:33 - 315 of 315 Edit
0 0 0
Huge Trading Volume earlier today all listed as buys in 3 minute time slot
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Date Time___________Price______Shares_________Value
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11:03:12 06-Apr-2020__285.00 __2,550,000_____£7,267,500.00
11:02:01 06-Apr-2020 _285.00___1,059,865_____£3,020,615.25
11:01:47 06-Apr-2020 _285.00_____501,000_____£1,427,850.00
11:00:00 06-Apr-2020__285.00___1,000,000_____£2,850,000.00
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Shares in Issue 87m
Daily Trading Volume stats from Jul 2017
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Max____________2,096,198______22/08/2017
One in 100 day___849,948
Q3________________78,603
Median____________30,267______middle of sorted sample
Q1________________14,120
FCA Moratorium on publication of results and we have a FY style Trading Update which reads reasonably well.
WG currently has a potential greater upside and lower downside than most FTSE 100 shares.
Table below has historic share price statistics since 31Dec2018
Wood Group on the left_________Royal Dutch Shell on the right
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WG._______Price__The % Chng____RDSB_______Price____The % Chng
Maximum___598.60__258.6%_______Broker_____2,680.00___117.8%
Broker_____586.00__251.0%_______Maximum___2,620.00___112.9%
Top 5%____553.70__231.7%_______Top 5%______2,591.38___110.6%
Q3________512.40__206.9%_______Q3__________2,458.88____99.8%
Median____412.35__147.0%_______Median______2,334.50____89.7%
Q1________373.15__123.5%_______Q1_________2,251.63_____83.0%
Bottom 5%_321.10___92.3%_______Bottom 5%__1,646.60_____33.8%
Current____166.95____0.0%_______Current_____1,230.60______0.0%
Minimum__135.45__(18.9%)_______Minimum______916.80____(25.5%)
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Not perfectly compatible but roughly similar companies. In this illustration Wood Group wins as it does against many others.
DYOR ____ I think the isolation is getting through to me
Virus started early this years and this Oil Crisis started in late February so both were known knowns when the FY report was published. There are US$7bn dollars of orders on the books for this year and few, if any, are in industries which are under threat except the 35% in the Oil business. The Company wishes to rebuild its investor base. A PANIC cutting of its dividend this early would destroy the confidence it wishes to build. IMHO:- A keep "calm and carry on" attitude would help restore the badly damaged share price.
Wood remains committed to its progressive dividend policy which takes into account future cashflows and earnings. This is a key foundation of the Wood investment case which has been sustained through the challenging conditions in our core markets over the last few years.
Source :-March 10 2020 Final results extract
Probable strategy for Shell. Contango, allows the traders to make easy money by buying crude cheap, storing it, and selling it forward. In 2016, for example, Shell was using $1 billion in finance for its Contango trades
https://www.msn.com/en-us/money/markets/in-saudi-russia-price-war-the-big-winners-are-oil-traders/ar-BB112Grn?ocid=FinanceShimLayer
Past performance is no guide etc
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Not for nervous investors but a rough guide
to the last Big dipper ride of RDSB
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Started in Late 2014 _______________at over 2,500
Bottomed Early Jan 2016_________at around 1,300
Bounced by Mid Jan 2017----to a level around 2,300
after peak in May 2018___________at around 2,800
Price remained___________ ____held around 2,300 held until Jan 2020
Earlier I have posted about the disciplined trading for this share recently. Below is the raw data for this week which you can see the speed and work out the acceleration / deceleration (not a lot) between sample periods. Minutes are time from 8.00am
Monday
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Minutes__Trades____Volume____Trades persec_Lot size
ito time__Number____Total_____average______average
20_____ ___47_________676,678____25.53________4,397 ____early trades
60_____ __148_______2,824,549 __24.32 ______19,085
180____ __772______14,905,814 __13.99 ______19,308
300____ 1,094______20,943,760 __16.45 ______19,144
420_____1,440______28,035,953 __17.50 ______19,469
480_____1,701______33,039,002___16.93 ______19,423
510_____1,951______37,502,183___15.32 ______19,222 _____at Bell
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Tuesday
20________97________1,617,405 ___12.37______16,674
60_______170________3,387,120 ___21.18______19,924
120______268________5,072,351 ___26.87______18,927
180______608_______12,464,627 __17.76______20,501
240______858_______18,802,353 __16.78______21,914
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In earlier posts I noted much faster Trades per second with one every 2 seconds in the first hour in late January and 6 February. But ordinary trading trades more take at 15 seconds and automatic trades can be much faster.
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For scale Median volumes per day is 8.7 million with q1 at 6 million and q3 at 13 million based on stats from 1 Jan 2018.
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Since 26 Jan to 10 Feb total volume is 421 million which assume each deal was a discrete buy or sell means 210 shares changed hands or over 10% of issued shares. High price 23.9 Low Price 15.4
IMHO there has been a disciplined and organised trading policy in place since 26 Jan 2020