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Thought it was supposed to be carnage everywhere today. Was an American bank causing all the trouble as well. Why does London always follow the yanks down but rarely follow up?
Or am I reading it wrong and the USA markets have crashed as well...
Got a top today for under a pound. Never thought I'd see that again. Apologies in advance as it will now probably tank even further. Have kept some powder dry just for that exact scenario though.
Dennis the only thing that could save the deal was the tax losses. Unless they are going to be used to offset most of the tax going forward then it was an even more shocking deal. When you look at what they paid per barrel, the only way you could even get your money back was with tax losses, let alone any profit.
As I'm moving money from premium bonds into my trading account. Should be there tomorrow. Once I've averaged up with my top up then we can carry on moving up.
Amazing how little I've won on premium bonds since they supposedly upped the prize fund compared to before. I swear it's a fiddle. Same with other family members who have the max amount or close to it.
Approx 10 percent yield here is just too good to ignore.
Looks like the great reveal is actually the great flop.
Are they still able to pull the deal or get a big reduction in the amount paid ?
Surely Tailwind aren't keeping their side of the bargain now....
85% of 2023 production hedged at an average natural gas price of $3.63.
With Henry Hub just over $2.00 at the mo that's a pretty good hedge.
just over a 14% yield in a SIPP or 12% in a normal account once you've filled in the W8 form.
At least that beats inflation. If they were so worried about dividend payments I can't see why they recently raised it but then WTFDIK?
If there isn't some amazing big reveal then who, in God's name, would actually defend this so called deal?
On all metrics it was absolutely appalling.
Tailwind was barely worth the debt it was holding, let alone actually paying anything extra for it.
To give cash as well as 29% of Serica is just so insane, if there isn't some amazing surprise forthcoming then shareholders have been totally and utterly sh@fted.
what this "big reveal" could be?
On what appears to be one of the worst deals in the history of the stock market, I'm struggling to think of what it could be.
A few hundred million that Tailwind had in the bank that we didn't know about? Tailwind production figures actually turn out to be 20k boepd higher than they were letting on?
Anyone else got any ideas?
does the yield here just get silly?
Regarding the gas price, I thought I3e had some pretty decent hedges in place or am I wrong on that ?
Nearly all of their production is hedged so the dividend doesn't suddenly become unsustainable just because the market has pushed the share price down so much.
IMO anyway.
The amount they are selling their gas for is what counts, not what the share price is.
Almost touching a 14% yield here. I need to know where the sellers are getting better than that.
Just look at it as a fantastic topping up opportunity.
HotChip i've literally just had to pick myself up from the floor as I've suddenly reaslied that i3e actually ended the day positive. Might have to do a few lines on the lottery later, although I'm sure normal service will be resumed tomorrow.
Can't complain too much as my average is around 7p though.
Seems to mean lower share price here. I thought now that we have more oil it shouldn't be like that?
Yeah I was doing what can be otherwise know as taking the mickey.
Although to be honest I'm probably not that far off the way the markets are these days.
Checking my stocks today and seeing all my oilies getting a hammering I assumed Brent was way down and back in the 70s.
It's currently showing 86 a barrel so who knows what's going on with the markets.
weekly dividends and a yearly yield of 25 %.
Doing that might get us to hit 22p I reckon.
Any higher and we're going to need daily dividends and a 50% yield and even then I'm not so sure.
Come on market makers you can move it back up now. JP Morgan have had their fill.
Seems like the people in favour of this so called deal don't actually have any reasons as to why it's a good deal, but that there might be something that comes to light when all the facts are known. What a strange way to conduct business that would be.
Norma would you like to buy my house for 3 times the asking price and not bother doing a survey either? It's a good deal, honest guv.
What could the big reveal possibly be that is so good though and why weren't they shouting it from the rooftops in the run up to the vote?
It's also very strange that an already massively undervalued company like Serica supposedly gets involved with such a great deal which should have made it even more undervalued...... yet the shareprice is languishing in the doldrums still.
Maybe Mitch could do the decent thing and put his hand in his own pocket so compensate shareholders if Serica isn't trading over 4 pounds by the end of 2023. If it's not then it's down to him so that's only fair.
Blimey that's some slim pickings there. Not keen on putting their hands in their pockets are they ?