Member Info for Spikeyj

market seems sanguine.

i am not a fan of porsche’s tedious posts knocking UK markets in general,
which seldom add anything imv to discussion of AV more specifically.
but just in the interests of some balance, thought i’d post this link from
sunday times today which does touches on porsche’s overall position:

https://www.thetimes.co.uk/article/red-tape-is-choking-the-ftse-bosses-warn-hhtrksp68?shareToken=a38365641caad47805f6e622585a7328

not keen to see oil & gas prices sustained too high .. amongst other issues, it
might tempt a chancellor to slap a windfall tax down … might or might not
make economic sense, but it would play well with the electorate, and they
are starting to look at the faltering polls and look ahead to the next GE.

oh dear, just spotted, a tempus recommendation, usually the kiss of death:

https://www.thetimes.co.uk/article/green-energy-with-golden-prospects-for-sse-clbjrmgvb?shareToken=4a767f922770f718e701afa964320b67

https://www.thetimes.co.uk/article/astrazeneca-amplifies-its-vaccine-pipeline-with-partner-vaxequity-tsvw2wsdk?shareToken=7e424d8b29f585ae967d5bc57a6677fa

added a few

excellent news, yet again! - AZN has a combination of skill & luck that
poor GSK must seriously envy, with emma still so seriously under siege.

my guess, they will largely use share buy-back for 80-90%, but
may also give a special cash dividend for the balance. bwtfdik.

(personally speaking, i’m not too fussed about
buyback vs divi, either good from my perspective.)

… completed my little stakebuilding.

now all i have to do is sit back and wait for the takeover,
lol, only another 18 months or so to go, in my dreams.

those delayed full year results are due within days.

i thought they would have done a placement by now, it but
seems i was wrong. the results should make it clearer whether
that’s because they have a much better cash position that i think,
or because they have failed to drum up any appetite for a placing.

in anticipation of those delayed full year results (to end dec 2020), to
refresh our memories, some figures from *PREVIOUS* full year results:

total number of shares for calculation of fully diluted NAV
(ordinary shares in issue + dilutive warrants) = 78, 302, 811

combined daily production from aje-4 & aje-5st2 = 2,967 bopd.

& also in the full results RNS last year, osa said that there were:
“… plans to triple production from 3,000 bpd to 9,000 bpd in 2021…”
(? so how are they getting on with that, then?)

revenue = £2,519,000
operating costs = £2,444,000
‘admin’ expenses = £1,721,000 [includes osa & BoD’s pay and perks]

loss for the year = £1,673,000
total “comprehensive income” = minus £1,945,000

(delayed full years results due by 30th sept latest, tho’ the RNS announcing that
delay said that the company was aiming to publish the results before that date.)

… meanwhile, still no sign of that CPR which was meant to take 4-6 weeks …

… liking the view from up here.

how about green shield stamps?

small recovery, even despite evergrande missing payment,
so that’s nice, but yes indeed, what a lousy week in which
to get the far east funded raise sorted, very unlucky timing.

i am very pleasantly surprised by the degree of s/p from the permian sale.
i thought it was good news, but thought that the market would already have
priced in more expectation in relation to this. nice surprise for me this am.

9.5 billion cash in hand no bad thing. (if
we are lucky, they can hide it from HMRC.)

… lingering concerns re delta and other variants,
serious problems with everglade debts & looming
collapse, with potential knock-on for chinese markets
more broadly (on top of recent concerns about CCP
interference / tighter regulation of tech & finance),
nagging concerns about inflation, then add in some
domestic probs re supply chains, brexit, labour supply.

take your pick, there’s a lot of trouble around. ?are we
heading towards slippery slope of market correction,
or a Q4 climbing a wall of worry? - place your bets, lol.

… and flipped a few of those extra
8050s for a 5% trade back into SSE.

(remaining plenty long in both, but too hard
to resist banking some of that quick turn.)

s/p nice enough considering wider market sentiment.

glad i sliced that 25%, but in hindsight, lol, more would have been better!
interesting decisions whether to buy that slice back, or e.g to increase jxn.

https://www.thetimes.co.uk/article/hedge-fund-elliott-blows-the-winds-of-change-at-sse-zrb8z66s6?shareToken=8629bba8cf88a53faa1832d7488e4e1e