Member Info for TerryM1

Unfortunately Europe and UK have brought this on themselves, the countries with gas UK, Holland etc have taxed O&G gas production to destruction and Norway not much better. Take a look at SQL or Kistos SP down by around 2/3s.

Still Ed Milibrain will be able to solve all this with his new wind turbines and solar panels brought over from China on diesel powered ships all produced with energy from coal fired power stations which will create 600,000 UK jobs unpacking these and putting them together.

Fishinggardener

Will be ready with finger on the keyboard at 8am on Monday morning but suspect will jump too much, don't want to overpay as it is just a the bid approach at present and could spike and go down a bit in the coming days.

Also need to be a bit wary as MMs often have large spreads first thing and with the potential bid adding risk would not be surprised to see very large spread for a short time.

In a way this is not good for me as I bought these a time ago when around NAV which was a lot higher then and not topped up (like I have other ones) so what every happens will be a loss, however can recycle the funds into other REITs with big discount so in the end a win. I did make a large top up to PHP and this will drag PHP SP up a bit and as far as I know leave only PHP in this business but of course there will be the PE and other funds with these assets.

The way it is going there will be a lot of these ITs/REITs taken over or liquidated shrinking the market so can only be good for the ones left. In time (perhaps a long time) we may see these go back to premium when the fund raising will start again which is good as I made easy money buying in the raise and sell out most of holdings after a few months when the SP recovered then get to option to do it again in 6 months to year or so. This has helped me deal with other losses in particular DEC.

Fishinggardener

Fishinggardener

AGR which is one of my REITs I mentioned is now in play, bid just come in after LSE close, it has a NAV of around 50p and issued a lot of low priced long term debt which will add value and is not included in the NAV. Monday will be interesting and temped to add if price still a lot less than 50p, 39p after big rise no doubt due to leak. Will probably drag PHP up.

Ken23

Last time it was at £2.64 was 2003, need I say more.

At current exchange rate quarterly dividends are around 23p, given current SP looks like you may have a decent chance if you pick your time right, will be interesting to see if £13 is support point after ex divi, £13.20 seems to be it now.

Not sure about BBs and special dividends suspect any free cash goes towards more acquisitions or reduction in debt.

Yep US positive but a bit too late for me as bought a few to trade and would be happy to get out of the trade at current US price. Have to wait to Monday to see it it can hold up.

Savage_KeyboardR

Off he goes again, he has now taken to telling people on the PNN after a very successfully RI when SP is now £4.72.

"I fully expect the SP to drop below the RI price £2.64p"

The SP has not been this low since 2003, says it all.

Savage_KeyboardR

I did read your posts, after RI finished you posted

"All unsold (albeit underwritten) RI shares outstandimg will at the other side of the process (post RI) be put back onto the trading market (usually they're drip fed daily, for what can be many weeks/months after..."

As I is not the case when for RIs where SP is above rights price which this share is well above that end of RI.

As to what the SP will be at some point in time in the future who knows but below £2.64, very unlikely.

As far as CPI goes you have been posting multiple times a day annoying everyone with FUD telling them they are making big mistakes. This for a share you do not own, have never owned, will not buy, will not short and have no connection with CPI, the big question everyone on CPI board is asking is then why are posting probably into the hundreds of messages, one question you refuse to answer.

"So DEC should buy more wells now???? 😊😊😊😊"

If you want the SP to plummet!

Https://oilprice.com/Energy/Coal/The-End-of-Coal-Is-Nowhere-In-Sight.html

Https://oilprice.com/Energy/Natural-Gas/Shell-Sees-LNG-Boom-Through-2030.html

"So what does the underwriter do with all those shares they've given a gurantee to purchase?"

As I said, If the shares are trading above the RI price they are sold in the market soon after close of RI and excess funds returned to the owner of the nil paid rights, this happens not long after close of the RI not

"drip fed daily, for what can be many weeks/months after..."

Otherwise the owners of the lapse nil paid rights would not see their money for "many weeks/months" which is not the case, it is paid out shortly after RI is finished. This has happened to me when I partially took up another RI, some RIs have a tail swallowing option which means shares are sold as soon as nil paid rights stop trading. The overhang on the SP because of the lapse rights is very soon over, I suspect all lapsed nil paid rights have already been sold. The time table will be somewhere in the RI documents. The underwriters would not want funds tied up for weeks/months due to COF and the company would not either as will be passed back to them as part of the underwriting costs.

The market will anticipate all of this and build this into the SP when RI is announced and said in previous post I would expect the SP to recover/rise after the end of the RI which is what is happening, unless the Labour Government mount an all out attack on water companies or trash the economy a lot worse than already or a black swan event there is very little/if any chance of the SP dropping to RI price, that is part of the reason it is set so low.

"All unsold (albeit underwritten) RI shares outstandimg will at the other side of the process (post RI) be put back onto the trading market (usually they're drip fed daily, for what can be many weeks/months after..."

This is only the case if the shares are trading below RI price and in this case the underwriter will in effect buy the shares and pay the underwritten price to the Company.

If the shares are trading above the RI price as PNN are the lapse rights shares will be sold as fully paid in the market soon after close of RI, the the underwritten part of the price will be handed to the company and any excess funds less dealing costs returned to the owner of the nil paid rights, this happens not long after close of the RI. In this case those who let their rights lapse will see a return of about £2.00 in the not too distant future.

The answer is no, the UK need projects like this however it will just have to wait for another 4 1/2 years.

"I am not saying a large share dump at 17$. But sustained small trades as soon as it gets close. Enough to pull it back towards 16."

This is what I have started playing, buy in the low £13s and sell when above £13.55 and if trending up on a good day hope to get nearer to $17 equivalent in £s. Just wish I could also buy and sell DEC US shares.

Pete640

"TerryM1 -Do you really believe Ed milliband will have enough Wind and solar by 2029?"

It is difficult to predict what will happen, I do know Labour are brainless ideologues and will trash the UK trying, how far they get is another matter. The one think that is certain is that the UKs electricity generation will be in a terrible mess by 2029 (if not already), with no one wanting to build new generation, for renewables (TRIG stated they would not build any more in the UK even before this announcement) because of the chance Reform get power and tax them to destruction and fossil fuels because no one trusts Labour not to tax these to destruction and that is even if Labour allow it. There is going to be an almighty bun fight within Labour if they try. That only leaves the UK government to pick up the batten and costs and can’t see them building anything but renewables, we all know that will not end well on many levels. Labour are so stupid they think UK will generate 600,000 jobs from renewable, to do this will have a lot of people putting together and erecting the wind turbines and solar panels from China, can’t make them here as not enough energy, will overload the grid and far too expensive.

I have some renewables investments but one thing is sure will not be investing anything more in renewables or O&G in UK and very reluctant to invest in anything else in the UK, overall I will be pulling out my investments bit by bit from the UK unless of course the companies I have investments in don’t just move themselves.

Should have added there will be an upper limit on the SP because investors buy O&G companies for yield and DECs yield is stuck, falling in real terms against inflation for 3 years. Can't thing of another O&G company that are freezing dividends for 3 years.

MrG123

I total agree but no surprise there as I have been saying this all along.

Unfortunately the number of shares given away as part of the acquisitions are far more than the shorts at the peak and as you say will take a long time to clear especially with no Blackrock on the other side of the trade buying shares to make money lending them out. I suspect Rusty just wants to build an empire by being in charge of a lot bigger company no matter at what cost to shareholder value which is another reason SP is in the gutter.

I do think HH will be a bit more resilient now Worldwide gas prices going up and looking like a shortage with more export terminal coming on line.

IMO SP should be north of £22 but brought down because of Rusty's Shenanigans, without the Trump effect I dread to thing where we would be.

Jim

For what every reason we are not even close to breaking $17 now, when HH and Dow up we are falling, someone must be selling and from the look of it they are in the US.

Good results.

Just the usual buy on rumour sell on fact.

Or the news leaked out, those in the know bought, no more good news for a time so sell and move on to next leak, this is the LSE and with FCA in charge no checks are every done.

Saw Richard Tice say this earlier and also looks like Reform is after BESS, this will be difficult to achieve in the short term as by the time Reform can come to power most of the UK energy will be from wind/solar and mostly only gas backup left which is very expensive to run. The problem is renewable energy is not viable without subsidies and if they hit renewable energy by taking away subsides and put on more taxes (already a generator tax on renewables) this will put energy costs through the stratosphere (already through the roof) or they will just shut down which is not an option, it will require a whole new generation of power stations to be built very quickly as the gas backup ones are too expensive to run for anything but a short time.

In generally I like Reform’s polices but this is too much interference in the market (including farmers IHT solar tax), IMO the best course of action is to take away subsidies and additional taxes EPL etc, allow NS drilling and fracking and let the market decide, this will end up with renewable being phased out as the current kit comes to the end of it’s natural life with Nuclear, Gas, Coal and Oil taking over. The one thing we know from history is if you interfere with the market you do not get good results as this Labour government are finding out.

This will cause chaos for UK energy supply as nobody will want to put any money in renewable because of Reform and nobody will want to or be able to put any money in fossils fuels while Labour in power when there is already an issue without enough generation at present.

One thing we do know this will send Ed Milibrain apoplectic.

But of course unlocking Britain’s vast oil and gas reserves will bring great benefit to the UK, cheaper gas therefore cheaper energy, more income from gas and oil, more tax revenues, more jobs to name but a few and all done without increasing worlds C02 emission more than a faction of a % at most.