Member Info for Scottabeme

When is the next trading announcement due?
If results match Next Stores announcement then I believe this share will benefit with a reappraisal to 150p at least.

What is happening with Ibstock as the price seems to be inexorably dropping even though market demand says that this should be rising as demand for bricks and cement increases ?

Correct me if I am totally wrong, but with China cracking down on their Bitcoin mining companies - is this not better for ARB as it means that there will be more opportunity to mine extra Bitcoin which the Chinese would have mined?

With the Oil price rising faster now the share price for BP is being held back as BP is perceived as past its sell by date with their recent foray to turn Green, however as a major player still in the international oil business BP stands to gain with the recent performance from sub $70 to currently marginally below $75, with the rise ready to shoot up to $85 imo quite sharply when lockdowns are lifted throughout Europe. What is little reported are that regions like Andacia in Spain are offering their residents 500 Euro cheques if they travel within Spain and stay for more than three nights, this is ensuring that families travel by road and contributes to the rise in oil prices. So yes I do expect the rise to be $85 shortly. This should equate into a substantial rise in BP share price which has lagged behind the other majors.

When the new planned LNG terminal in Vietnam comes into operation this will boost Vietnam supplies and ensure that Vietnam becomes one of the main energy players in Asia also, hopefully VOF have a share of this potential growth.

Noticed a couple of their shops recently being fuller than last year, hopefully when all lockdown restrictions are lifted this will increase. So the share price should or rather may double in the long term back to pre-pandemic prices.

Any idea why the NAV reached 500p and the Share price dropped today by 7p or 1.5%, seems a strange thing to happen when the price difference gap was already 10% from NAV.
This is still a good buy and definitely a long term bet which should easily better Scot Mortgage Trust.

Unfortunately, each and every RNS which this current board write only serves to destroy company value, the latest RNS could have been written with a more positive slant but unfortunately like every RNS in the past 18 months has been detrimental to shareholder value.

Unfortunately the "experts" placed into management positions may have been good at sniping from the sidelines, however when placed in the positions of being able to make decisions have instead decided to keep quiet.
So far every RNS has shown negativity and ineptitude from management, I can certainly see no change in this style of negativity until changes at the top occur. The management of Hurricane appear to have been promoted well ahead of their competence levels.

Well, yet again the board have released another RNS which has disastrously affected the share price.
In this RNS all that I read is "Well we want to drill this - but we are unsure, however we would really like to try this instead - but we are not competent enough to make a decision".
Total prevarication which tells us nothing except the board have no faith in drilling as they will have to close the well in during the sidetrack. Yes during the FPSO summer shutdown period will be the best time due to inclement weather in winter, but again even there they cannot decide if the weather is better in the summer or winter !!
How did these people ever get onto this boardroom if they cannot make decisions?

So you sold your Glencore shares just when Ivan Glassenberg predicted a super cyclical recovery period for their products?
Ouch !!

So you moved from Glencore just when Ivan Glassenberg predicted a cyclical recovery ?? Ouch.

So with only 359 million shares in play and the company stating that they wish to put more shares on the market - perhaps a 5 or 3 to 1 issue of new shares which will do two things increase the shares in play and make ARB prices slightly lower initially? Any other thoughts out there ?

Where do these crazy figures of $14.5MM profit per tanker export come from?
Firstly like every other oil company in order to stabilise cash flow every oil company sells some or even all of its projected oil flow at a rate dependent upon current or potential future prices in order to guarantee cashflow. With oil trading at $30 to $40 in 2020 then expect say 50% of cargo priced at $40 if they managed to bag a good deal at the time. The other 50% lets say it was to be sold on the spot market, this would indeed be a good deal given the volatility of oil prices in 2020.
So at top rate you average out at $50 per barrel.
Then you deduct lifting costs, the Aoka Mizu day rate costs and ancillary costs for onshore support, plus taxation.
The profit margins suddenly appear to be very tight.
However if they can push for another well and perhaps some flush production from the well they have closed in then they may at least increase profitability, but not by any major amount.

I think that you have indeed hit the nail on the head regarding Hurricane.
HUR appears to be one of those poker Stocks, take a gamble and then walk away until the dice falls.
Plus perhaps when and if any RNS is announced it will yet again cause the stock to tumble disastrously lower yet again.
With oil holding above $60, yesterday's surge should have resulted in either a slight rise today or a holding price of 4p.
However with the almost 10% current fall the market is realising that this is indeed a dog of a stock, so I agree fully with your assessment earlier.

Still nursing a 56% fall in price, but at long last perseverance has hopefully been rewarded.
I know talking to guys who done the drilling on this field several years ago that they were highly impressed with the results they discovered. I bought on their knowledge, then watched the boardroom changes and those RNS.

Well even I was surprised to see this share move upwards in a positive way at last, after all the drops have been nothing short of catastrophic. Now my only hope is that the BOD do not put out an RNS as so far their news has been dire on every occasion, so surely they cannot fault a correction at long last.

The share price is still affected by the last RNS release.
However with the price of oil on an upward trajectory surely the board now have to add a caveat RNS to state that the rising price of their product makes the case for further drilling in known oil bearing acreage now a much firmer rationale.
Also to state that the funding held in the bank will clear any long term debt by year end.
This will then create a re-rating of the share price and place the company on a better footing to proceed with long term planning. But the BOD need to show some form of leadership now.

Does anyone know of any underlying reason for the last few days of this share rising in value again lately ?
Although I still hold the opinion that it may continue to rise as long as the Directors do not put out an RNS again in the near future.
Or if they are putting out an RNS at least have someone review it, to at least ensure that there is some upside put into the message.

Well it is currently the Vietnamese TET holidays, so nothing is happening in Vietnam at the moment, but I do expect the share price to ramp back up again post - TET back to the 450 again.