Member Info for STOCKBUSTER

According to AI

"While they have a strong Middle Eastern presence, their regional airport stores are currently listed for Jordan, Kuwait, and Oman, not DXB."

Yes I think you correct Dan, Extraxt from the telegraph last Oct.

"Ben Marlow

Associate Editor

Ben Marlow

Ben Marlow is an Associate Editor and Columnist at The Telegraph. See more

Published 12 October 2025 3:05pm BST

A London-listed oil explorer once celebrated for its exploits in far-flung waters is in danger of defaulting on its debts, credit experts have warned.

Faced with having to make a giant $1.3bn (£1bn) bond repayment from a dwindling cash pile of less than $200m, Tullow Oil has suffered a further debt downgrade from S&P Global, one of the three main ratings agencies.

The bond falls due in May next year, with the company reportedly trying to persuade lenders to agree to a refinancing.

Amid fears of a cash crunch, S&P has slashed Tullow’s credit rating from CCC+ to CCC, a move that plunges it deeper into junk territory and risks pushing the debt-laden company’s borrowing costs even higher.

S&P also raised the possibility of a further downgrade “if the company’s liquidity continues to deteriorate”.

With Tullow grappling with mounting financial pressures, the ratings agency said it “does not expect Tullow Oil to have sufficient liquidity to repay” the $1.3bn bond next year.

Flavius, for me, I am not in this for the long term anymre, as been burnt too many times in this. But I do believe if this situation in Iran carries on for a number of months, then the oil price is sure to rise towards the 100 doller mark. If that was to happen, I would hope even this makes it to 20 -25p, at which point I will looking to take any profit that I may have gained. Here is hoping. But all at the expense of innocent people dying. God Bless. JMHO.

Atleast the news means we live to fight another day, and the company is still trading with all share holders holding intact.

Buglet11, well done for taking a profit, I took most of mine around the 400 mark unfotunately like you, and let a few ride since, obviously not making as much as one could have, hindsight is a wonderful thing. But profit is profit.

"As previously announced, Harbour intends to move its distributions policy to a payout ratio approach. Details of the new policy will be provided on 5 March alongside the Company's 2025 Full Year Results"

Does this statement in the RNS yesterday, "moving to ration approach" mean that the dividend is likely to be cut for 2026? I'm I reading that correctly?

Yes surprised this has NOT gone to 140 on open. Lets see when brokers start upgrade their targets.

Yes surprised this has gone to 140 on open. Lets see when brokers start upgrade their targets.

Looks all good to me. Let''s see what the market thinks on pem today, with double trouble Tarrifs in the background.

Fingers fully crossed SC.

Still no clues or leaks as to what is the likely outcome tomorrow at 7am RNS....

Well done Bots, all the best for your retirement.

It will be great if we hit 166 after the update on the 21st...here's hoping. GLA

I think we will only see a rise in share price, if the improvement has continued and trading was good over the festive period.

The surprise is how it has dropped from the price it hit on the last update in Dec, which stated that they had made a good start leading into Christmas.

Just hope it is good news and no surprises, as I am very heavy in this.

I think we will only see a rise in share price, if the improvement has continued and trading was good over the festive period. Just hope it is good news, as heavy in this.

So what does that mean interms of the money borrowed from Glencore if they were to merge with Rio Tinto, good or bad in terms of agreeing finance?

British Bulls have today turned to "BUY". Will we see 150 soon?

Like you Laidback, I expect this up and 300 this year...well here is hoping as I added more today in anticipation.

The proof wil be in the pudding on the update due on 21st Jan 2026 by Currys, hope for us it is positive, unless ofcourse you are short.

Looks like the market does not believe that Currys can sustain their good progress, with the backdrop of recent news on other traders on the high street, as all this has done since hitting 145 on the trading update on 18 Dec 25, is drop. A bit disappointing, hope they did have a good christmas period, as if they did not, this will drop like since all other economic indicators point to a softening in consumer buying. I understand the announcement is on 21 Jan 26 in regards current trading up to and including Dec 25.