Member Info for sandancer

I wouldn't say I'm a bean counter but I did look at this yesterday - we would need to get to about £3-20 - so still a long way off.

I agree - we could be adding jobs in the North Sea not cutting them.

Unfortunately Rachel Reeves and Ed Miliband have other ideas......

The mention of Israeli Institutions as investors suggests that they have approached existing Navitas investors to take part in the placing. They will already have good knowledge of development and are being offered anther chunk of the upside at effectively zero risk, as the proceeds are ringfenced and will be returned if FID is not achieved by next March. Existing shareholders are left shouldering all the risk as clearly should FID not be achieved by that date the share price is then likely to be back on the floor.

Hopefully this structure for the fundraising has been put into place for expediency, to ensure that funding is in place quickly to meet required timescales.

Should it turn out that the new institutional investors are also Navitas Investors it will be interesting to see how that develops in the future - will there be a push for Navitas to simply take over RKH in the longer term?

Exactly. At the lowest point in the Covid fiasco, when Premier looked like it might be going bust, and it was still 50% higher than where we are now!

(and yes it is a bit silly - and yes its not really the same company - but in terms of money invested by long term holders that is exactly where we are).

We've never been this low! Ever!

I assume when Linda was pushing the transformational deal, it wasn't a transformation from a debt free company into a low market cap, high debt basket case that she had in mind.

For those of us unfortunate to be still here from Premier Oil days where has she managed to get the share price? Far below where it was in spring 2020 with $30 brent and uncertainty as to whether the company could even survive.

It's not exactly an achievement to be proud of.

People on here are sometimes critical of Jet2 because they think that the company is run too conservatively.

Well here we are and times are getting harder and we are going to get squeezed a bit. But if we are going to be squeezed a bit others will be really hurting. This gives us the chance to come back stronger in the future.

If I was feeling generous (which I'm not) you could say that looking at the share price performance over the past 12 months this time last year the share price still reflected a lot of the gains following the announcement of the deal. This then tailed off - at the time it seemed like the share price was treading water waiting for the deal to go through. But here we are with the deal complete and shareholders are worse off than we were before. As DBNO points out we are now at 12 month lows - we are now back to levels last seen in October / November 2023. I can't see any other oil companies whose share price is at 12 month lows now - even the dog that is BP is doing better. So what is it exactly that we have achieved? With Harbour it always seems like the promise that there will be jam tomorrow. I think come announcement of the full results Linda has some serious explaining to do.

Dan - whilst I agree that the problem with the windfall tax extends back to Sunak and Hunt I don't think its fair to dismiss Reeve's interventions as a minor adjustment. The change in the rate from 35% to 38% may have been small, but it is the removal of the 29% investment allowance which will have far more impact. By the looks of it the year end results are going to be clobbered again as a result - 'Pre- and post-tax income anticipated to be impacted by material non-cash accounting charges largely driven by adverse changes to the UK fiscal regime'. I hardly think this statement has exactly helped the share price today.

Bobster £2.92

Sandancer £3.05

ShaunCod £3.12

Bots £3.20

theancient £3.35

NSS £3.45

AlexT £3.50

kign £3.60

I will add my tuppence worth on this subject of oil prices - which is why the upper and lower levels of the oil price always seem to be stated in absolute term irrespective of inflation. $100 oil in 2010 should be $160 today once you allow for inflation. Same with the windfall tax where it is suggested that $80 to $100 is still historically an above average oil price. Maybe in absolute terms it is at the higher end, but allowing for inflation over time it really isn't.

Another encouraging update today and a nice bump up in the share price.

As a shareholder who has been in and out of CNC a few times over the years its good to see that we finally seem to have an excellent management team who are able to realize the potential of the business. I'm very happy to let this run and see how we develop further.

Indeed for all the promise at the start of the year for Harbour 2024 is going to go out not with a bang but a whimper.

Still there's always 2025........can the trading update in January bring us some news that might kickstart the share price?

It appears that this sorry tale has finally reached its denouement...... except that it's still far from clear that this is indeed the end. There may be the outline of a deal there - but will it actually be implemented?

When a company makes an announcement like Petrofac did back in March they really do mean it. They are not bluffing, and no there really isn't a secret takeover just waiting to happen. If anything, the outcome, if indeed it is the outcome, is probably even worse than many were predicting.

At least the potential new majority shareholders may be encouraged to read that the board recognise the importance of dividends to shareholders and plan to reinstate them as soon as the performance of the company has improved. Well yes I'm sure they do. They might like to ask the existing shareholders about that one.

They may also care to turn their attention to the way the board dismiss the existing shareholders. They warrant just three lines under the title 'other stakeholders' which advises that they will be left holding just 2 1/2 % of the enlarged share capital.

Still the board are taking it on the chin. And lucky for them all their hard work in the future will be rewarded with a new incentive programme which will make awards not exceeding 10% of the new share capital. Well I suppose the existing board did miss out due to the slight technical issue of their incompetence rendering their bonus shares worthless!

We are now coming up to a year since the Wintershall Dea deal was announced and despite all the progress the company has made in competing the deal the share price simply refuses to progress!

When the deal was announce the share price rose to 295 and then on to 312p by 22nd December. One year on with the deal completed we are languishing at a mere 243p. This is just 67% of the notional share price that was put on the deal at 360p.

They say patience is a virtue - but Harbour know how to truly test it.

I would sincerely hope we are above £5 in a years time, as that's little over 2% increase on where we are now. As for a lot high I guess we'll have to wait and see.

On the days performance DLG shareholders are going to be the happier - and I think if it was me I'd be saying thankyou very much and selling in the market today rather than wait around.

For Aviva shareholder it's looks like we are going to have to wait to see the benefits. For a start its clearly not yet a done deal, with regulatory hurdles to get over, and likely that the CMA will be looking at the deal. What will we have to offer to get the deal through. Aviva will be arguing that the combined group will offer synergies and opportunities for cost savings - but the CMA may well want to be convinced that it will be consumers rather than shareholder that will be picking up the lions share of these benefits.

I'm not unhappy with the deal, as it potentially continues the transformation of the business under Le Blanc, however it is going to require patience if we are to see the benefits.

I have to say this all looks like great fun - at least if your not actually a shareholder.

I was almost - almost - tempted to buy back some shares yesterday - just for the interest.

However sanity prevailed - I'm not sure that watching major shareholders taking slugs out of each other is the best basis for making an investment - and for the moment this still looks a sure fire way to loose money.

I've got to say I have little sympathy for Kamani, as the company often seemed to be run as a personal fiefdom, rather than a public company. This was OK when the share price was rising, but once it went wrong it went spectacularly wrong.

Anyway the board seem to have finally found an interest in shareholders - now that they need them to back them - unfortunately for them I think they've done little to deserve any loyalty. On the other hand what has Ashley ever done for anyone other than himself?

For the moment I think standing back and watching the shenanigans looks the best policy.

I think the most obvious reason must be that there was no Friday Club this week - so if we are lucky we might even finish the week up ;)

I would agree that the dividend isn't great, but the company is run with a degree of financial caution. In this business isn't a bad thing - above all you need resilience to see out the highs and the lows.

You also have to remember that there is a huge financial commitment in renewing the fleet which will take us from a cobbled together fleet of Boeing aircraft which is one of the oldest in the sector to a fleet of new Airbus aircraft which will be one of the most modern. The proportion of the fleet owned to leased will also increase. Passengers might not be too bothered about which aircraft they fly, but the newer fleet will offer higher passenger numbers, lower maintenance costs and better fuel efficiency which will help the bottom line in the long run. And the advantage of Airbus is at least we are getting the aircraft unlike Ryanair where deliveries from Boeing have been delayed.

These are good results!

It really doesn't look like we're going to make it into the FTSE 100 at the next reshuffle. All other things being equal the share price would need to be around 305p on 30th November to get to 90th position to qualify for automatic promotion and it doesn't look like that's going to happen.

This is a bit of a blow and I think the board will also be disappointed if this turns out to be the case, as when the deal was initially announced I'm seem to recall that they anticipated the company would be in the FTSE 100.

A small point - but even in the presentation yesterday I noted it the small print that the anticipated dividend yield was based on a share price of 300p which would have us within touching distance. If we were any where near the notional value of 360p then clearly we would have easily qualified.

Its difficult to argue with what they have done to transform the company and clearly its an ongoing process. The numbers yesterday we largely meaningless as they related generally to pre merger, and the pro-forma numbers are clearly just that. In some ways it might be worth letting this deal settle down so we can see what the actual numbers are as a combined entity - will that finally get us a better rating. But that's some time off so yet more patience required.

For those with less patience and dreams of sunnier climes - Talos are announcing results next week. Reverse takeover anyone?