Member Info for SmoothOperater

Plenty more near-term recovery to come here.

Acceptance period for the offer commenced on 14 July 2023 and is due to close in mid-August.

Outlook is looking good.

Wasn't the best but the drop was over done, so it should continue to rise.

Interimz tomorrow !

Interimz tomorrow!

Jockeying for positions before the interims

Going to be interesting !

Expecting the outlook to be strong !

It's turned the corner, overall it's going in the right direction now , slower rise is a stronger one ;)

Getting better everyday !

Long may it continue

Acquisition completion next couple of weeks !

Agree yes I'm loving the buy backs ! News tomorrow ?

Studying the RNS, there are clues to follow.

IOG is trying to negotiate another short term waiver with the bondholders.

Perenco Bacton terminal will be closed for about a week for annual maintenance.

There has been a notable reduction in production.

Couple together the above circumstances and the problem is revealed.

The company is trying to negotiate a second short term waiver with less favourable below guidance/threshold figures for August '23 in comparison to July '23 there could be up to a third less revenue/production for the month.

The company is indeed in default based on the Events of Default specified in Clause 14.1 of the Bond Terms. As a result of the default, the Bond Trustee has the authority, under Clause 14.3, to take certain actions to protect the interests of the Bondholders. These actions may include:

Acceleration of the Bonds: The Bond Trustee can declare that the Outstanding Bonds, along with accrued interest and other amounts, be immediately due and payable. This means that the entire bond amount becomes payable immediately instead of waiting for the maturity date.

Exercise of Rights and Remedies: The Bond Trustee can also exercise its rights, remedies, powers, or discretions under the Finance Documents to recover the outstanding amounts.

To address the default situation, the company is likely negotiating with the bondholders to find a solution and possibly avoid an outright acceleration. They may be exploring options such as refinancing, restructuring the debt, or obtaining additional funds to meet their obligations.

It's essential to note that the specific outcome of the negotiations will depend on the terms of the Finance Documents, the cooperation of the bondholders, and the willingness of the company to remedy the default situation.

Should be a good read

Plenty more upside in the tank

https://simplywall.st/stocks/gb/capital-goods/lse-rr./rolls-royce-holdings-shares/news/an-intrinsic-calculation-for-rolls-royce-holdings-plc-lonrr

There is definitely a good crossover to RR with their RNS !

Thiss will be fine as fluctuations in the mortgage the mortgage market should be expected and quite a bit is priced in here !