Member Info for shal1000

Good post miles, I'm sure pearls will ask the same question next week again. He should invest in BP they doing share buybacks, why are you here pearls.

Pearls why do you keep on asking the same question even though we have answered the question at the weekend. You are the most impatient poster I have come across. Hope you don't run a business.

Read my comment how currency also affects the share price with 1% down being very beneficial for bp/shell. Also note gas price is stable so the effect of oil price drop is diluted. Please DYOR before you post.

Just to note today's jump is partly due to oil and gas price rise today but they have fallen back by 1%sl since this morning. The major contributing factor is the currency has dropped by 1% hence why those more exposed to overseas trading like bp and shell are 1% more up than hbr etc. Look at all the market data before analysing!

It's 380 ie 19p old money - get your calculator out if you aren't good at mental arithmetics.

I agree soder

It's bouncing up today!

Hi Miles. Thanks for replying back on your view on dividends which seems reasonable. For the above I done the calcs and I also get 0.55 (I have a masters in maths and work in a very mathematical based role so pretty convinced with my calcs). I think the book value quoted hasn't updated on the websites. Its based on filings at 30 June - so guess they using book value of either Premier oil or chrysaor but not hbr as Harbour hasn't done any filings yet as far as I'm aware!

Otherwise simply wall street are showing that hbr is extremely undervalued and they are using a much higher discount rate of 9% than I would for a company like hbr.

Pearls if it makes you happy, I'm pretty sure there will be a dividend announced come capital markets day, else why would they call it that and have no dividends to give. Share buy back I'm not that fussed. I know you love share buy backs, and from my experience they only have a profound affect if they buy at least way more than 10%. Given the lock up carrying on till April 2022, this won't happen any time soon.

How much dividend are you expecting? My personal optimistic view is 20p per annum per share roughly in line with bp's sustainable dividends atm. This also reflects we had 10 pence eps based on 6 month and we know eps is hopefully going to much higher than 20p for the full 12 months.

Pearl's you just need patience, you will get a dividend hopefully next April.

I agree rookie. To some it might be an outdated business model, apart from this overhang issue which we cant do anything about it, I very confident in long term this is over 4 quid easily. Like I said before, hbr managed to generate a profit in a very messy hy1, that's something to really appreciate. They have cleaned up alot of mess so it going to be very profitable. We will have a bumpy road ahead probably till next April when all lock ups have been removed. So just sit tight be patient and forget about it. We have seen how important it is to have gas and oil given the crises in uk we had this week, so the likes of Harbour is here for a good decade or more!

If hbr can generate profit against in first 6 months against lower commodity prices, far more hedged amounts at stupid low prices, high maintence/repair costs and lower production due to downtime, imagine the profit for full year when hbr has now moved on from all these issues nd tolmount about to come on board. Its a no brainer. Expect full year profits of 500m post tax!

Pearls I guess you don't work for a big firm especially with good enterprise risk management in place, otherwise you would say sensible things. By December they will have a good idea what level they can pay, and budget it for 2022. If they promise something now and in the next 4 months they end up making huge losses and can't pay would you forgive them? How would stakeholders such as yourselves, regulators, etc, react towards hbr who will be accused of false promises. Take for example, Lloyds pre covid promised a special dividend, covid happened and it wiped out all their profits and never paid. Out of all the banks Lloyds fared the worst because they didn't keep their promise. I work in a department that sets out the planned dividends it can pay out over the next 12 months with 95% certainty and also as a rough idea for the next 10 years by conducting lots off stress and scenario testing to the current balance sheet. So please stop going on about dividends and buybacks. If you want dividends invest in Apple or someone else.

Sorry read my message back wanted to say dbno doesn't abuse but sk does

Partly agree - dbno intimates but does abuse. Sk did abuse me and said lot of awful things when he wrongly accused me of deleting his nonsense. I took a screenshot, and got that post deleted for abusive behaviour towards me. Sk is definitely not a nice person far from it.

Final count, buys exceeded sell, even though big sell of over 300k after hours showing up. Pure market makers manipulation today!

Hey, NF has been suspended temporarily due to some reporting him for him standing up to bullies such as dbno/sk. Lse board is twisted and corrupt we all know that. You can catch him on reditt - he is still posting there.

Pearls market makers are not institutional investors. Again today there is more buys than sells, so investors are buying what they see as a bargain to the price market makers are making to make a profit for themselves.

Hey luck. Good post just to add to that the presentation did say gas is 30% unhedged for the remainder of 2021 - kerching!

Harbour Energy Plc : Peel Hunt cuts target price to 414p from 425p

16p - you need a calculator mate. It's 18.5p atm. Forward hedges - you need to do research - they use swap hedges. Based on inaccuracies I can't take your views or comments seriously.