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Shocking trading update in current market environment! If they can just break even in the strongest recruitment surge in over a generation they are fooked when things revert back to normal demand levels! How can management get this so wrong??
Probably the most undervalued market on the FTSE today!
I really do not understand the market reaction to this. I feel like it could be an opportunity to buy more.
Hard to believe isn't it!
How did you see that?
Market being to short term
Just listened in to the Trading Update conference call. Huge USA potential and the fact that the management (and largest share owners) are willing to front load investment and take a bit of short term pain for long term gain is very encouraging.
In addition, other premium mixers market share growth is slowing and in some instances even declining. Schweppes have just lost shelf space with Sainsburys for their premium tonic as it was not performing.
New products in the pipeline.
Net cash position, strong margins and growth opportunity outside of UK.
Was 14%, now closer to 20%
I have added a further 30% to my position this Am too.
True, bu there is always a lag when it comes to marketing spend and revenue growth. Expect a significant snap back to revenue growth in the US and other growth markets in the future.
Can someone please screenshot the Sunday Times article for those of us who do not have a subscription?
Many Thanks
Feel like this morning is an opportunity to load up. This share is now massively de-risked. Good luck to all.
What is the bidding process end date?
The potential of PMO if they done a swap between Zama and North Sea assets and taking advantage of those tax credits. Could be a huge game changer!!
Yep, Chinese economy hurting most likely due to Trump's tariffs....World economy is definitely feeling the brunt of Trump. Making everyone poorer!
Well said! Clearly a highly intelligent and capable woman with total dedication to her work!
Yeah but API is just bullshit.
Can someone please explain this to me?
Hargreaves Lansdown is showing a trade on PMO that was done at 5:04pm today: 100,000 shares at 60.68p.
How does this happen when the markets close at 4:30pm?
Thanks in advance.
It will be 30% of total production for 2019 spread over the year, however, I think it will be more heavily weighted towards the front end of the year for 2 reasons:
- The oil market was inverted until the recent crash so makes sense to sell the highest prices which would be for earlier production.
- More liquidity for hedge in the closer months.
Ok, so this is the first post I have made on this forum. One thing I have noticed is the significant change in sentiment on this share in just 2 months, it is textbook trading psychology stuff right here. I am going to outlay my thoughts:
Bullish:
- Catcher oil field running well, albeit at the lower end of forward guidance.
- Low operating costs
- Paying down debt, however, slower than the market had hoped for.
- Zama oil field
- Oil prices should eb relatively supportive from the New Year due to OPEC cuts
- Ridiculously low valuation
- 30% of production hedged at $70
Bearish
- Falling oil prices due to oversupply in near term
- Huge debt levels still overhanging the company
Everyone seems to be massively concerned about PMO potentially bidding for further North Sea Assets, however, as has been mentioned by other posters, the lenders will only allow such purchases if they make sense on paper. Maybe these purchases will be synergistic with their current North Sea portfolio and result in cost savings whilst increasing revenue thus enabling faster debt reduction?
Maybe they will sell Zama and invest the money in the North Sea?
One thing for sure, this company's fundamentals have improved dramatically in the past 3 years and I do believe this sell off is more an opportunity than something to worry about. Just wish I wasn't so overweight PMO already!
Steakeater