Member Info for surprised

They closed it off, can't sell or buy unless through NT.....

Can't buy any, goes to NT ...

Tax rebate of AS$ 2.1m, new joint venture signed with Ionic ahead of next weeks IP court case with Maxwell/Tesla (if not settled before 🧐) importantly states it's funded for 2024 on current business. broker has 7p target.

https://twitter.com/surprised_trade/status/1731955313396375737

''Oil and gas are absolutely certain to become incredibly short and very high priced........running out of hydrocarbons is like running out of civilization. All this oil trade, all these drugs, fertilizers, fungicides, etc. … they all come from hydrocarbons. And it is not at all clear that there is any substitute..''

''Oil and gas are absolutely certain to become incredibly short and very high priced........running out of hydrocarbons is like running out of civilization. All this oil trade, all these drugs, fertilizers, fungicides, etc. … they all come from hydrocarbons. And it is not at all clear that there is any substitute..''

Revenue rose 6.5% to GBP774.2 million from GBP727.2 million. Cost of sales increased 9.7% to GBP419.0 million from GBP382.1 million, while administrative expenses increased 9.6% to GBP248.6 million from GBP226.8 million.

The company maintained its interim dividend at 4.5 pence per share. It added that the first GBP25 million of its GBP50 million buyback programme has been completed, with the second GBP25 million tranche to start soon.

Pets At Home highlighted that it has transitioned its stores to the new Stafford distribution centre as it builds a new digital platform.

"The first half saw us move our store logistics operations into our new Stafford DC. This was the period of highest risk in our move to a single DC and the DC is now fulfilling deliveries to 100% of stores, with

availability having now normalised. However, in getting to this position, we experienced a period of disruption during Q2. From the early part of Q2, we saw a deterioration in our in-store availability from normal levels of around 95%, to around 80% at peak disruption," the company said.

Chief Executive Lyssa McGowan said: "As we stand today, through our point of peak investment, with the benefits of our new distribution centre and new digital platform still ahead of us, we look to the future with confidence that we can deliver our plan, to build the world's best pet care platform."

For the current financial year 2024, Pets At Home expects consumer sales to grow in line with its medium-term goal of 7% and expects an underlying pretax profit of GBP136 million, in line with current analyst consensus

Another high dividend. Production reverting to normal

• The 3Q23 production of 10,909 bbl/d and the liquidity position at the end of September had already been reported.

• Amazon river levels are now gradually increasing. Production in October was 11,808 bbl/d and is now 13,420 bbl/d. It is expected to reach ~20 mbbl/d consistently by the last week of November. PetroTal expects production of 14.5 mbbl/d in 4Q23, at the top end of the latest guidance (14-14.5 mbbl/d).

The current quarterly dividend of US$0.02 per share (US$0.08 per share per year) represents a dividend yield of 15%. The ongoing share buyback programme represents a further return of >2% per year.

We re-iterate our target price of £1.50 per share

And then 20 trades over one minute today, and nothing either side of that one minute 😳

Highlighting the opportunity in SQZ with current sp at lows against the fundamentals of cash in bank, low pe, very decent divi levels, profits and free cash flow generation included in a top 6 stocks to consider with potential for a much higher sp from current levels ....

Crude $77.9

brent $82.4

gas +2%

😉

Is there a .96p ? lol

Https://twitter.com/surprised_trade/status/1725458186293940470

If they win/settle out of court re IP case infringed by Maxwell it could multi bag from here, risk v reward looks tempting, broker latest is 7p target

Great podcast today regarding energy transition and the unaffordability of renewables (solar and wind) and the false 'net zero' narrative believed by politicians and investors that will bankrupt nations and individuals and the essential need for oil and gas.

https://twitter.com/surprised_trade/status/1725444766899265634

Shorting renwables (wind/solar) has been hugely profitable as the narrative of cheap wind is misleading & fundamentally politicians & investors don't understand power generation.

'No rationale person would build anymore wind or solar' states Barry Norris of UK hedge fund Argonaut Capital Partners,😳

Https://twitter.com/surprised_trade/status/1725197345250316485

Current price weakness is significantly oversold & oil markets may soon record a big rally....The shorts have returned to the oil markets with a vengeance & the scale of the current speculative downward move in oil is not justified by fundamental data

https://oilprice.com/Energy/Heating-Oil/Unwarranted-Demand-Pessimism-Could-Lead-To-Big-Oil-Price-Rally.html

Https://twitter.com/BloombergNRG/status/1725197267622052019

It doesn’t take a big bump in capital spending to sink an offshore wind project. Putting up turbines as tall as skyscrapers many miles out at sea is already a costly business due to the unique technical challenges and the need for specialized vessels that are often in limited supply. The turbines are much more expensive to produce now that steel and other materials are dearer.

Companies have faced cost increases of 40% in the space of 12 to 18 months, according to an executive at Swedish utility Vattenfall AB. Higher interest rates make it more expensive for wind developers to borrow their way out of trouble. That could make the returns on wind power investments less appealing, draining money from the sector.

In cloudy Britain, wind farms produce five times more electricity than a similar-sized solar farm. For some developers, the numbers no longer add up and they’re walking away.

Wind farms sprung up in Europe, China and the US as governments chased emissions-reduction targets. Then a series of setbacks — some self-inflicted, others not — has tipped an industry that’s critical to the world’s decarbonization goals into crisis.

Crude $79

brent $83

Https://oilprice.com/Energy/Energy-General/OPEC-Says-Demand-Concerns-Are-Overblown-As-Fundamentals-Stay-Strong.html

OPEC continues to believe that oil market fundamentals are strong, with the group suggesting recent negative sentiment is exaggerated.

Oil prices have slid dramatically in the last two weeks, with WTI now trading at $77.20 and Brent only slightly above $81.50.

OPEC now sees global oil demand growing by 2.5 million bpd this year, thanks to upward revisions to China’s oil demand in the second half.

OPEC continues to view the oil market fundamentals as strong with Chinese crude imports set to increase to a new annual record in 2023, the cartel said on Monday, describing the most recent negative market sentiment as exaggerated.

“Recent data confirms robust major global growth trends and healthy oil market fundamentals,” OPEC said in its closely-watched Monthly Oil Market Report (MOMR), echoing last week’s comments from Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman.

Last week, the energy minister of OPEC’s top producer and the world’s largest crude oil exporter, Saudi Arabia, said that oil demand continues to be robust and blamed speculators for the most recent drop in oil prices.

Https://oilprice.com/Latest-Energy-News/World-News/IEA-Raises-Oil-Demand-Outlook-For-2023-And-2024.html

global oil demand continues to exceed expectations, according to the International Energy Agency (IEA) which raised its demand growth forecasts for both 2023 and 2024.