Member Info for stuGGTTH

Don't tell him Pike!

Couldn't help myself, the silence is deafening

It must surely be in Ithaca's thoughts that there is likely to be policy re-thinks on taxation levels and new drilling at some point, whether it be from the current administration or those who may succeed them - it makes ITH a really decent investment at this point, for those prepared to hold, considering the plans the company have in place.

By my reckoning a dividend of 13.6% is on offer currently too, which I will compound for the foreseeable

Stu

This is copied from the RNS on 20th August regarding H1 2025 results -

- First interim 2025 dividend of $167 million declared today, representing dividend per share of $0.101, supporting the reaffirmation of the Group's FY 2025 dividend target of $500 million

- Expected acceleration of second interim 2025 dividend to December 2025, of $133 million, due to strong year-to-date performance and cash generation totalling $500 million of cash distributions in 2025

I'm also a bit perplexed at the seemingly depressed share price here, it's not particularly speculative surely and the company seems to be going the right way about things in every respect, I'll just hold patiently

@surprised, good info thanks

However, I make ITH dividend at over 13%, the November 2024 announcement was stated as a Special Dividend which most platforms do not include in a trailing dividend figure - ITH have already guided that the plan to replicate the $500m payout again this year

https://www.lse.co.uk/rns/ITH/announcement-of-2024-special-dividend-9u4jc61nnxqfijw.html

Stu

Https://www.telegraph.co.uk/business/2025/09/11/dale-vince-urges-ed-miliband-to-subsidise-north-sea-oil-gas/?recomm_id=3652f5c2-1528-4817-821f-fdd0613c9075

Stu

Thanks Futurehire, I presume the shorts are 'screwed' if the share does not trade again, to be your meaning - so it would most definitely be in their best interests that the suspension is lifted? Along with long retail shareholders, Institutionals, employee scheme shareholders - in fact everyone except Sidara and apparently the BOD - Interesting

Stu

Thank you Eden, could the 'financial statements' (Accounts) be released without Wood requesting that the suspension be lifted, however - giving Sidara the opportunity of the buy out, without market movement?

If the Accounts are published though, there may be interest from other parties, surely, due to the greater clarity that would give

If Sidara take over Wood at 30p per share, without the suspension being lifted, where do open short positions stand?

Dick Turpin at least had the decency to wear a mask

Amazing to be the first poster here, the plan is to compound the dividend in my ISA until retirement, thereafter receiving a decent monthly payment.

It speaks volumes that between Wood, Sidara and the Regulating body, no-one realised they had extended to a Bank Holiday, a comedy of errors surely

Or is it that they couldn't care less about ordinary shareholders who are awaiting news?

I don't use Telegram, would someone kindly keep us up to date here on LSE?

Thanks in advance

Please see attachment

https://www.telegraph.co.uk/business/2025/08/22/norway-makes-one-of-biggest-north-sea-discoveries-in-decade/

Stu

Ithaca Financial Calendar has 20th August for H1 2025 Results, dividend will probably be announced then??

https://investors.ithacaenergy.com/news-events/financial-calendar

I'm sure they have stated that annual dividend is likely to be $500m again, so I'm imagining a repeat of the three dividends in 2024

Https://api.investi.com.au/api/announcements/svm/e5c8df7a-883.pdf

Possible RNS incoming

Personally I'm wondering if Wood and the Auditors have differing views on the interpretation of the annual Accounts, given what needs to be restated from previous years, causing a delay

Have the FCA become a 'referee' of sorts, and could this be, again, time consuming??

Answers on a postcard please

Stu

At least the SP held steady lol

Agreed Marty, not exactly a business related RNS but Sovereign seem to be making all the right moves

SVML for sure, just under 20% owned by RIO

Stu