Member Info for ShaunCod

I'll be honest and say I'm not too bothered. I'm hoping/expecting for HBR to look for opportunities abroad instead of the NS due to the high rate of tax. Renewable energy is good for the UK however we will still need fossil fuels. In a lot of countries.

Agreed. With the increase of revenue, profit that won't be UK taxed and the strength of the dollar suits HBR. I'm guessing that HBR don't want to see much of a profit from its UK arm to help drive down tax due. I am unclear with the 'profit tax' if that is similar to corporation tax which dividends/buybacks and paying off debt is post corporation tax. I'm assuming it's the same but if anyone is sure?

However HBR will have a substantial enough profit to help pay with all of this, similar prior to the reverse takeover. I always see the silver lining as the gas prices since we make a great profit now on this (as compared to years ago).

No matter what, the dividend is good enough to keep me very happy with HBR and long may it continue.

But why would the SP rise on this update? Its solid but what was expected. I see the SP rising next year when we have proper results and seeing how much cash is being made. This has always been a long term hold but it means I can add to my holding and earn from the excellent dividend before it does increase.

I'm hoping for buybacks in the near future once the profit starts rolling in.

The overall profit of 100 million. Add to that the dividend. Add to that the share buybacks. Add to that the forward paying of tax. Add to that the costs of the deal.

Its quite clearly over 100 million of 'profit'. HBR have done well for the shareholders to offset some of the tax purposes.

What's the panic? There have been no results yet so the market won't know how to price HBR accordingly yet. I think in January when the final update for the year will be something that moves the share price.

I'm happy with the excellent dividend returns and not in a rush to sell so for me the lower end is better so I can add to my holdings. Since I've been in since the prem days way back, I've found that panicking over day to day/month to month share price is not worth it.

HBR is making good money. With a good dividend. Long may it continue.

What's the panic? There have been no results yet so the market won't know how to price HBR accordingly yet. I think in January when the final update for the year will be something that moves the share price.

I'm happy with the excellent dividend returns and not in a rush to sell so for me the lower end is better so I can add to my holdings. Since I've been in since the prem days way back, I've found that panicking over day to day/month to month increas

Show your skills by getting the SP correct next Friday or the nearest one to it. Entries close Monday 8am.

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Clued £2.90

Coll £2.65

ShaunCod £2.71

NSS £2.78

Persilchat £2.85

Manc £2.97

theancient £3.04

Show your skills by getting the SP correct next Friday or the nearest one to it. Entries close Monday 8am.

Please copy and paste and insert your entry in numerical order. Come you dethrone Bots....

Clued £2.90

Coll £2.65

Fraggsta £2.71

NSS £2.78

Persilchat £2.85

Manc £2.97

theancient £3.04

Even with oil dropping, HBR are still making a significant profit (especially on the outside UK oil and gas after tac).

I'm looking forward to out first set of quarter year production/results to see how much profit is being made that can grow HBR to an even bigger company/investment opportunity

I wouldn't be surprised if this ends up listed in the US after the move away from primarily UK assets due to the takeover. There seems to be more support in the US for oil and gas and it would be beneficial to the company as a whole.

Tullow also doesn't give a 200 million dividend. Tullow happens to be massively in debt. Tullow isn't about to aquire a purchase in a transformational deal.

Great news. Shows strength in this share if the shorter are pulling out.

Lovely long term buy

I also had mine in 2 separate accounts

This is where I don't agree fully. Profits were used to pay the debt and share buybacks as well as the windfall tax. Now that the debt is lower and can't really throw all the profit into that will there be more share buybacks in aid to keep profit low?

Decent RNS by Harbour.

Above the guidance for production but HBR are keeping the guidance range the same

Reduction of $100 in debt down to 0.1 billion

Dea ongoing as planned.

Not expecting fireworks but solid update.

Im guessing it may be due to the budget. Obviously the increase to the windfall tax etc etc. It may have been priced in but we will see

BASF have said they want out for definite. They are removing all upstream oil from their portfolios and its what they are aiming to do no matter the potential. No matter because there will be buyers and maybe share buybacks in the future.

I see how you mention management failure. I believe it's good management as prices that have been mooted for the areas harbour have been linked with have been very high. I'd rather have a purchase that was value for money and the right option for us to take.we are very quick to criticise the management of companies on these message boards. There will only be a limited number of M and A available. In areas where tax is a lot lower so the prices are a lot higher to purchase due to the high oil prices. And with the tax on profits for UK fields being high them it isn't really as attractive and easy to purchase at present in my eyes. I'd rather good management with a sensible price than a kneejerk purchase because Mike wants an M and A now.

I'd rather be a company that produces and RNS because it is relevant rather than 'fluffy'. In fact companies that produce fluffy RNS worry me more

Our share porice has been hampered for sure by the government money making scheme. However I agree with the buybacks as the share price is such a low level that for long term holders it has the potential to be a very clever way of thinking. Including a natural increase of the dividend by the removal of shares.

I am at a paper loss and a fairly significant one however I am not panicking. There are plenty of wells producing oil and gas in harbours hand and some being developed abroad. We are debt free. If they manage to build a pot behind them and purchase/takeover etc with the money they have accumulated then all the better as i would rather purchase with free cash than using debt facilities that at present are becoming unworkable (reduction of debt ceiling and also interest rates). Furthermore with the more damaging hedges over the next couple of years to expire makes it a good long term plan to buyback shares. I hope for more soon.