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I wonder what the FY results will look like. I suspect they will have to take into account the current world situation. My guess is that the dividend will be suspended.
I just hope they don't come up with any write offs ...
The best we can hope for is probably some decent operational new ... but I am not counting on it.
What do you guys think?
Hello my friend Hasiba ( not being sarcastic)!
I agree it is a bit puzzling/worrying that the government is taking a completely different route to controlling the virus. I guess there must be some good scientific arguments for it and that BJ is not taking a gamble on this (not my belief actually). The fact that UK has quite a lot less "emergency" beds than other european contries might havd something to do with it.
A couple of my friends that work at St Georges and Kingston hospitals as consultants (in unrelated specialities Liver and Rhumatology)told me they spent last week preparing for a large influx of cases.
As said by others, there is not need to panic but let s not get complacent either.
Stay safe all.
Tartine.
Well for what it is worth, I am considering buying some more ....
You guys kept saying it was a bargain at 190 p, which I was not so sure about. I believe at 110p it might be. I view this as a call on the KRG resuming payments soon. If they do it will go back up pretty sharply I think. If they dont, we have more or kess our market cap in cash (ok, not quite but close enough).
I am surprised you are thinking of selling now ...
Not an investment advice by the way.
DYOR
GLA
Tartine
We must be more or less is Cash in the bank = Market Cap territory? Anybody remembers what was our cash position? From memory it must be more or less 500 million USD which is not far off our market cap.
Assets for free then ...
Well this dividend does not look so good just now.
I agree with Ocelot ... difficult to know what to make if it.
The main problem (mentionned below by another poster) is not getting paid.
We did not get paid with oil at 69USD, the chance of getting our money now the KRG is getting close to 33% less money ... is getting slimmer.
The main problem with this is that the narrative for the share is not getting better; every time there is a difficulty we dont get paid.
We will see but I disagree that we are in a much better place than others ... better than some ... but not getting paid for any company is death sooner or later.
Ok not the time to panic as the SP is too low to do anything (apart from buying if you like gambling).
GLA
Tartine.
If the payments don't get sorted soon, splashing the cash might not be the best option. It is potentially a very testing time fir the oil industry in general. IOC in Iraq if they don't get paid will get decimated ... Genel included.
I hope the FY results will give us some indication, as opposed to tell us that all is under control etc ... transformational and the rest.
Not long to wait now, even if I don't really expect them to tell us anything different. Let's hope we don't get our usual share of write down (which could happen really ... I am think Morrocco or maybe Miran And BB)
GLA
Tartine
(And good luck to Wales ... but it will be tough probably. Twickenham always is)
Even at £3.00, I dont think the main holders would do a deal. They have been holding for so long, they are definitely waiting for something (I am not sure what) and it is not make a few% on their current holdings (Especially as a lot of them have much higher acquisition costs).
My guess is that all these big boys are waiting for the gas. At present you get 6/7% yield, why would you rush and sell.
I cant see it happen but who knows??