Member Info for schlemiel

The buying is accelerating now

862k buy, full ask

"While it’s unusual for a retailer to offer financing to rivals, Frasers clearly sees an opportunity given how consumers are increasingly using buy now, pay later as a purchasing channel. It means Frasers could still clean up even if people are not buying its physical products."

This is "not going to be an easy battle to win", he said, with Klarna and PayPal (NASDAQ:PYPL) already established partners for retailers around the world in BNPL.

"However, Frasers might still have a chance to muscle in on the market, particularly as its service to retailers is free unlike some of the big-name rivals."

Read more on Proactive Investors UK

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Proactive Investors - The THG (LON:THG) update and its new Frasers partnership could be important for both sides, said analysts.

Following the news of the tie-up this morning, Liberum analyst Wayne Brown said "things continue to head in the right direction" for THG, while Dan Coatsworth, analyst at AJ Bell, said the Frasers-THG deal could be "strategically important" for Mike Ashley’s empire.

THG provides hints but lacks detail

Brown, who has a 220p target price on THG versus the current 62p, says the trading update from THG showed continued growth in its Beauty arm, along with "underlying momentum improvement" in THG Nutrition and THG Ingenuity were the key take-aways from recent trading.

For the group overall, revenue guidance remains unchanged at 2-5%, but he said the company "will ultimately be judged on EBITDA and FCF progress – we see no changes for now".

THG trades at a less than one times forecast sales and 9.1 times EBITDA, he added, "reflective of the limited FCF generation now".

However, he said there is "a clear path to FCF improvement as profit margins improve over-time and capex demands recede".

"The bears will call out lack of detail in the update today, but this is an AGM update and full details due at the time of the interims."

Frasers eyes BNPL profits

Meanwhile, THG agreed terms on a new partnership with Frasers, the owner of Sports Direct (LON:FRAS), House of Fraser and Flannels chains, including selling its luxury website brands, including Coggles.com.

The multi-year deal also includes providing online and logistical support for Frasers in Australia, and integrating Frasers Plus, a 'credit and loyalty' platform that acts as a buy-now-pay-later system, into Ingenuity's online checkout as its first external partner.

Coatsworth said this, might on the face of it "not seem exciting" but noted that rival retailer Next made £163 million profit from its credit offering over the past financial year.

"That’s a decent contribution to its group profit and certainly something that will have caught Frasers’ eye," he said, with the addition of THG as a partner giving it "a shop window to show off its skills and potentially encourage more shopkeepers to sign up".

Ingenuity is used by THG 's Beauty and Nutrition websites, plus a number of external clients, including Kraft-Heinz, Mondelez (NASDAQ:MDLZ), Coca-Cola (NYSE:KO), Holland & Barratt and Disney.

"Frasers is hoping third party retailers will use its buy now, pay later product as that would provide an additional income stream."

Coatsworth also noted that the many stakes in smaller retailers built up by Ashley and Frasers in recent years, including AO, Boohoo (LON:BOOH), ASOS (LON:ASOS), Hugo Boss, Currys (LON:CURY) and Mulberry, might feed into this.

"As a major shareholder, it should be able to command an audience with the people running these businesses, and that provides an opportunity to try and sell them its buy now, pay later pr

2 x 500k buys at full ask

the buying is there but we just need this latent seller to feck off

The seller's still lurking but he's got a limited line of stock so the selling will come to an end at some point. The aim is to catch the turn

I bet this ends blue

'Under the deal, Frasers has sold its portfolio of luxury goods websites, including www.coggles.com, to the Frasers Group'. That doesn't make sense. Surely it should say THG not Frasers

The big man from Newcastle says yes

Nice rns, that it is

Nm

If the Ceyhan export route opens up again then this debate will become to a degree immaterial assuming of course all of the IOC's current contractual arrangements and other issues are settled accordingly

Carpentaria Highway major upgrade

The Australian Government and Northern Territory Government are delivering major upgrades to sections of the Carpentaria Highway.

The Carpentaria Highway is a key access road to the Beetaloo Sub-basin, Borroloola and an important service route for the pastoral, tourism, agricultural and mining sectors.

The road is also a key route for supplies and transport for Glencore’s McArthur River Mine.

This is a $150 million project, jointly funded over four years ($120 million from the Australian Government and $30 million from the Northern Territory Government).

Aim

Upgrades to the Carpentaria Highway will complement multiple strategic projects currently underway that aim to bring the Territory’s vision to become a world-class gas production, manufacturing and services hub to reality.

Current works

Exact Contracting is continuing to deliver upgrades along Carpentaria Highway.

Stage 2 construction is taking place between chainage 50 km to 109 km and is expected to be complete in late 2024.

Construction is taking place 7 days a week between the hours of 6am to 6pm. Some night works may be required.

Detours and traffic management will be in place at times throughout the project.

Completed works

Stage 1 works included design and construction from chainage 2 km to chainage 50 km.

Stage 1 works also included design work for stage 2.

https://dipl.nt.gov.au/projects/carpentaria-highway

Map

How do you know it's SEE?

ta

S2

I suspect it's some concern around shares being bought back into Treasury when they should be cancelled. The idea that this Treasury stock will be used to enrich (in various ways) senior management and board members at the expense of smaller shareholders, further dilution.

'BNamericas: How many projects are there in the portfolio?

Delaune: We have 13 projects and 24 concessions. Three projects are limestone: Unacota in Cotopaxi, La Tronera in Chimborazo and Isimanchi in Zamora Chinchipe.

Additionally, we have the Tola Norte iron ore project in Esmeraldas. The other projects are polymetallic, gold, silver and copper, the main ones being in the provinces of Imbabura, Zamora Chinchipe and Azuay.

We also have three projects in the north: Río Magdalena, Playa Rica and Espejo, for which we have an agreement with Cornerstone, which was acquired by SolGold.

We’re holding working groups with SolGold to resolve some legal issues.'

https://www.bnamericas.com/en/interviews/the-ambitious-objectives-of-ecuadors-state-mining-company

A pretty good day all things considered. The churn is in progress with lower volumes which does suggest those that want out are close to leaving. And still some decent, chunky buying at points through the day.

Https://www.publish.csiro.au/ep/pdf/EP23055

From mid-May 2024

ABSTRACT

There is a huge unconventional shale gas resource in the remote heart of the Northern Territory with the potential to trigger big new gas developments in Darwin, including export liquefied natural gas (LNG), and underpin the chronically undersupplied East Coast market. And yet despite this promise, the Beetaloo is not universally viewed as a viable commercial project. Nonetheless, the Beetaloo is one of the hottest topics in Australia’s upstream sector, and two of its key operators, Tamboran and Empire, are closing in on final investment decision (FID) for initial gas production. So why are many in the market still sceptical the play will work? To create a definitive answer, we investigate the key factors required to make the Beetaloo commercially viable. We

will evaluate what a Beetaloo gas project could look like across a range of resource sizes, estimated ultimate recovery (EUR) from analogue production profiles, and well costs. The work aims to understand the key cost barriers and price hurdles that need to be broached for economic success. From here we can determine the full range of economic pitfalls and potential rewards that lie in wait for ambitious Beetaloo operators.

cont...

The dividend resumption and buy back has been instigated by GKP's optimism that exports could be back up and running in the not too distant future?

just a thought

Https://uk.advfn.com/stock-market/london/gulf-keystone-petroleum-GKP/share-news/Result-of-AGM/94083476