focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
''...expectations of a continuing strong performance and we are encouraged that the Investors Chronicle, and the Peel Hunt analysis to which it refers, both hold Serica as a recommended buy on the basis of their analysis. ''
IC view ''...a solid position and the higher oil price should drive up sales in the second half. Buy.''
Macro events always trump gas/oil sectors/companies and sp's are affected accordingly as all markets and sectors have seen a drop over past week there is nothing Kist specific in the share price movement alone ....markets will test holders with low tolerance, it's what they do on occasions.
Https://twitter.com/surprised_trade/status/1709496480183050305
new broker note out re Serenity opportunity ... WHI View: Value for the Serenity area is not included in our 25.6p fair value estimate for i3 Energy and therefore, the field represents potential upside
broker raises target to 25p+ with Serentity upside not included in original target providing further upside
And SQZ ha sno shortage of buyers for oil at higher prices than just three months ago, with hedges falling off going forward and OPEC ensuring demand outstrips supply...winter will no doubt see gas prices leap over coming weeks too, so unlike many sectors demand is good, business outlook is good and SQZ will be generating, profits, cash, divis etc
With respect upomega, it's the general market overall that has dropped across all sectors, oil and gas stocks have been included in the drop as market algo's push sp's down acrosss the board.
Thankfully, unlike many sectors, oil stocks are typically generating, profits, free cash flow, have cash balances and are paying very decent dividends, there are few other sectors that tick all those boxes
Although markets are currently sliding overall, from an investor view we can only seek out, profitable, cash generating, divi paying, (no/little debt) stocks that will eventually see fundamentals win out
Rising global demand for energy and oil is set to keep crude oil prices elevated, OPEC’s Secretary General Haitham Al Ghais told the BBC in an interview published on Tuesday.
Oil demand is expected to rise by around 2.4 million barrels per day (bpd) this year compared to 2022, and by another 2 million bpd next year, Al Ghais said.
“For next year we see demand continuing to grow north of 2 million barrels a day - of course, all subject to some of the uncertainties in the global market,” said the top official of OPEC, whose members are currently cutting supply to the market under the OPEC+ agreement.
he supply cuts from OPEC+, including Saudi Arabia’s 1-million-bpd extra cut, have tightened the oil market in recent weeks and sent oil prices to as high as $95 per barrel Brent last week—the highest level so far this year.
This week, oil prices have tumbled due to the rising U.S. dollar and concerns about higher-for-longer interest rates.
OPEC is more concerned about the underinvestment in the oil sector, Al Ghais told the BBC, adding that the calls for a halt in investments are dangerous.
Earlier this year, Ghais said that global primary energy demand is expected to surge by 23% by 2045 and that all sources will be needed to meet the demand growth.
OPEC’s outlook for 2045 sees global oil demand rising to 110 million bpd, with oil still representing about 29% of the energy mix.
Investments in the oil industry alone need to be $500 billion each year between now and 2045, for a cumulative $12.1 trillion through 2045,
Last month, OPEC rebuked the International Energy Agency (IEA) for claiming that oil and gas demand would peak this decade and for calling the “beginning of the end of fossil fuels.”
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Secretary-General-Sees-Oil-Prices-Staying-High.html
Rising global demand for energy and oil is set to keep crude oil prices elevated, OPEC’s Secretary General Haitham Al Ghais told the BBC in an interview published on Tuesday.
Oil demand is expected to rise by around 2.4 million barrels per day (bpd) this year compared to 2022, and by another 2 million bpd next year, Al Ghais said.
“For next year we see demand continuing to grow north of 2 million barrels a day - of course, all subject to some of the uncertainties in the global market,” said the top official of OPEC, whose members are currently cutting supply to the market under the OPEC+ agreement.
he supply cuts from OPEC+, including Saudi Arabia’s 1-million-bpd extra cut, have tightened the oil market in recent weeks and sent oil prices to as high as $95 per barrel Brent last week—the highest level so far this year.
This week, oil prices have tumbled due to the rising U.S. dollar and concerns about higher-for-longer interest rates.
OPEC is more concerned about the underinvestment in the oil sector, Al Ghais told the BBC, adding that the calls for a halt in investments are dangerous.
Earlier this year, Ghais said that global primary energy demand is expected to surge by 23% by 2045 and that all sources will be needed to meet the demand growth.
OPEC’s outlook for 2045 sees global oil demand rising to 110 million bpd, with oil still representing about 29% of the energy mix.
Investments in the oil industry alone need to be $500 billion each year between now and 2045, for a cumulative $12.1 trillion through 2045,
Last month, OPEC rebuked the International Energy Agency (IEA) for claiming that oil and gas demand would peak this decade and for calling the “beginning of the end of fossil fuels.”
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Secretary-General-Sees-Oil-Prices-Staying-High.html
Admission of the New Ordinary Shares and readmission of the Existing Ordinary Shares to the standard segment of the FCA Official List and to trading on the LSE's main market for listed securities is expected to occur, and dealings are expected to commence on the London Stock Exchange, at 8:00 a.m. on 6 November 2023.
I3 announces its 3rd Quarter 2023 dividend totalling £3.083 million and confirms the following:
Dividend: 0.2565 pence/share for the quarter
Ex-Dividend Date: 12 October 2023
Record Date: 13 October 2023
Payment date: 27 October 2023
The Prospectus has been produced in connection with the proposed acquisition by the Company of the entire issued share capital of MVI Ireland, MVI holds the entire issued share capital in Assat, LLC ("Assat"), which holds the Karaberd Operating Licence in respect of the Karaberd gold mine, located in northern Armenia, together with ore crushing facilities located between Vanadzor and Karaberd
Under the Framework Agreement, the First Additional Consideration Event shall occur once IMC has reached a total market capitalisation of £100 million and substantially retained that value for 90 days, in which case a further 68,509,748 Ordinary Shares shall be issued and allotted to the Seller; and the Second Additional Consideration Event shall occur once IMC has reached a total market capitalisation of £200 million and substantially retained that value for 90 days,
Subject to the Resolutions being passed by the EGM, Completion of the Acquisition pursuant to the Framework Agreement is expected to occur on 2 November 2023.
Once met a British oil exec in Lagos. The day before, he’d been to a disastrous party at a top minister’s house. The invitation said ‘Fancy dress compulsory’. He had no fancy dress, but was an enthusiastic scuba diver and by chance had his gear with him. He dressed up, took a cab to the house, rather surprising the driver, squelched up the drive in wet-suit, mask & fins, climbed the steps, and found himself in the midst of the party. All the men were wearing dinner jackets, since in Nigeria ‘fancy dress’ means ‘black tie’. He fled back down the drive and understandably had problems getting a cab to take him back to his hotel.
https://twitter.com/JohnSimpsonNews/status/1708226561860620784
Https://www.thetimes.co.uk/article/share-tip-cvs-vet-chain-should-keep-investors-purring-8nk25d037
''Shares in CVS Group — which owns about 500 veterinary surgeries in the UK, the Netherlands and Ireland — crashed 36 per cent last month when the Competition & Markets Authority (CMA) announced a review of vets’ fees “amid concerns that pet owners may not be getting a good deal”.
The market has bet that CVS, as well as rival chains such as Pets at Home, will face regulatory action. And so Aim-listed CVS, whose shares were changing hands for more than £25 apiece in September 2021, is now priced at about £16. This left the firm’s chief executive, Richard Fairman, in a strange position last month: presiding over CVS’s full-year results, he had to play down profits that he would ordinarily have shown off.
The numbers were good ... CVS’s revenues, which stem from labs for diagnostic services, pet crematoriums and an online pet pharmacy business, as well as vet practices) rose 10 per cent to £608 million for the year to July, while pre-tax profit was up by 50 per cent to £54 million..He dismissed fears over potential intervention by the CMA, claiming it was a shortage of vets, pushing up wages, that had sent bills soaring, as well as inflation.
Analysts agree, seeing the sell-off in the wake of the CMA’s announcement as overdone. Seb Jantet at Liberum said: “There is a good chance the CMA will conclude that there isn’t a case to answer …
The shares are trading at a forward price/earnings multiple of under 16 for 2023 — lower than historic averages and also throwing open the prospect of an opportunistic private equity bid.
Buy CVS.''
In general buy backs are instigated when a company generates good free cash flow and percieves the share price as cheap and in time it should provide investors with an increase in value on their holdings.....I have not seen a date when HSBC will commence the second tranche but would expect it to be imminent, particularly with the share price at current levels as they can mop a great deal more ..........in fact I added to my holding yesterday, seemed rude not to :-)
A £50 million share buyback programme (the "Programme"). The Programme will be undertaken in two tranches.
Under the terms of the engagement with Numis, the First Tranche Programme will be for maximum aggregate consideration of £25 million. The First Tranche Programme will commence today, 26 June 2023, and will end on or before 29 September 2023.
The second tranche of the Programme is expected to be undertaken by HSBC Bank plc.