Member Info for scaredycat

30 November 2020 The 180th Meeting of the OPEC Conference
1 December 2020 The 12th OPEC and non-OPEC Ministerial Meeting

Opening remarks on Friday included the impact of the pandemic:
'Investment dropped up to 30 per cent for this year, even more than in the 2014-2016 downturn, from which the oil industry was still recovering when COVID-19 struck, the Secretary General said, adding that the oil industry requires $12.6 trillion in investment to reduce volatility and avoid a possible future energy crisis.'

Think I heard Rahul say at CMD that TLW will reduce 2021 production where the capex saved increases the after tax cashflows, presumably to increase financing and other options!

2022 when Kenya is invested would take us to £2?
That assumes finance restructured toward the $1.0Bn/$1.5Bn net debt glide path.
RBL redetermination in January and should be clearer.
Uncertainty and volatility until then aimo

Nothing wrong with having debt in the long run. Cost of debt is lower than cost of equity in the long run.

Les says net debt $1.0Bn - $1.5Bn over the period 2021-30. That sound sensible to me and not a cliff face like debt is held out to be.

Looking forward to the next RNS turning the screw another thread

Come on Rahul, rns for Monday sort the shorts out

I am not a good TA but 9.30 to 9.40 anyone see the cats head poking up on the 1 minute chart?
I'm gonna call that the cats whiskers ;-)

I think we can expect news as Rahul will want to show he is/ can execute...not all at once but something otherwise he is a lot of hot air and I dont think he is..

25 or 26 maybe. Could be back at 32 toot suite imo

Think he gets an option to buy at 50p. If the SP is £1 or £2, thats a serious incentive to increase the SP steadily up from here imo

steady on aircooleddude LoL. I agree, he is not a pharmacist

the vision is set against african sovereign countries who need oil to develop their economies. Rahul is executing against that programme and has derisked it by shortening the payback ccyles imo

all about trust. Trust the management team or anonymous BB posters?

Great stuff, 17k.

Since £2 this stock has been more of a hobby than an investment but with the incentive to trade and get my money back!
£1 end of next year.
40p+ end of January if rbl goes well

Know0,
Thats a different article to the one I commented on but its useful too. Think Sage is doing a good job transitioning to the new model.
'Positives:
Recurring revenue now represents 90% of total revenue (FY19: 86%)
Progressive dividend policy
Negatives:
Organic operating profit margin of 22.1% (FY19: 23.8%)
Central & Southern European revenues fell by 2%'

https://www.fool.co.uk/investing/2020/11/20/why-the-sage-share-price-is-crashing-today/

Know0, you need to read it again LoL

'The good news is that renewal rates are extremely high. Today’s figures show 99% of subscription revenue was renewed last year, with 65% of the firm’s customers now choosing this option. In total, about 84% of the group’s revenue came from subscription payments last year.'

'There’s no way of knowing whether Sage shares will continue to fall. But today’s results don’t appear to suggest any serious concerns for shareholders.
The group’s operating profit margin of 21% is in line with historic averages. Borrowings are also low and Sage’s cash generation comfortably covers the dividend. Typically, this suggests a dividend cut is very unlikely.
Based on today’s results, Sage shares trade on 21 times earnings with a dividend yield of 2.9%. That’s a slightly cheaper rating than I’ve seen in recent months, reflecting the weaker outlook for 2021 profits.'

Div increase and good cashflows as more business from SaaS/ subscriptions.. internet economy and increased market penetration. All good imo

Voluntary redetermination in January is probably the most significant event imo.
Year end financial statements and funding outlook will hinge on that if I was an ii

Gladstone been shorting from much higher up. They hardly notice today imo. Might even try selling to rebase. Watch for their short interest over the mext week or so

Any prospect of a dividend?