Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Sorry typo - meant 2 million shares, not £2m.
I said I wouldn't reply, but just out of interest I did a dummy buy for £2m shares. Quote was 34.61p.
Kind of proves my earlier point, but you just carry on talking crap.......
Look at the L2 books for any share, go down the list of orders to where your 2 million sells would take you and you will see the price is much lower than the current bid price.
Your ignorance knows no bounds it seems. Either that or you are just trying to be deceitful. Either way I won't waste any more time conversing with you.
BigN, all you are proving with these ridiculous "I can't sell x amount of shares" posts is your complete ignorance on how the L2 order books work.
More utter nonsense.
There are very few shares where you could sell or indeed buy 5 million shares in one transaction. I would suggest that you could easily sell them in 5 batches of 1 million.
I can't buy or sell 5 million BP shares either - perhaps you should go on there and let them know too.......
You can't buy 5 million either - what's your point exactly ?
No worries Starboard. I took offence at being likened to BigN :-)
If you look on short tracker you can see for yourself. I didn't realise you needed spoon feeding.
Always a good sign
BigN,
You posted this 3 weeks ago -
"Does look positive . I took another 10000 at 33.417. Good find."
Would be interested to know what has fundamentally changed in the last 3 weeks, apart from you selling out and wanting to buy back in lower.....
The debt isn't due until 2025 and 2026. The general consensus is an average POO of $100 over the next year, maybe going even higher.
Just because its at $73 today - due to a short term market meltdown - doesn't make it indicative of the future average.
More rubbish from Happy. The company is in a much stronger position now than it was for the last round of financing, and the oil price is way higher. Also the debt will be nearly half what it is now when refinancing is due.
Andoman,
The company is working to a plan, which is ahead of schedule. The debt level is where it was always planned to be at this stage.
Rahul is investing in low risk CAPEX spends to increase production, rather than pay off the debt quicker. The company must see this as a better long term financial option as the debt is completely manageable, and is expected to be greatly reduced by 2025. Inflation will also help with that.
The SP manipulation, low volumes and the general market downtrend are all factors here, but the fundamentals of the company haven't changed and are on track to deliver against the plan.
Happy, the bonds are trading higher than they were in January. They are certainly not trading at distressed levels.
And why do they need 'emergency equity' ?? That's right, they don't.
More rubbish from the clowns that 'have no interest in TLW' yet feel the need 'enlighten us'
The whole market has had a bad week so far, this is not TLW specific.
HappyInvestor, not one to let facts get in the way of a good argument…….
What they actually said in the webinar was that they can flex the Capex down if the oil price drops.
This current drop in oil price is down to the SVP fiasco that has spooked the markets. Will be back over $80 very soon no doubt.
Petal,
You could argue that in a time of high inflation, it is better to invest in companies with a larger, yet manageable debt as they are likely to offer higher returns.
The argument about your money being worth less when you sell, due to inflation, is irrelevant - it's worth the same if you are selling TLW shares , BP shares or if it's just sitting in the bank.
With revenues forecast to increase this year and hedges dropping off, I wouldn’t be surprised if the debt was reduced below 1.5b by this time next year.
What ‘fact’ did you base your comment on this morning that stated we would finish red today ?
You’d best get another new account set up then to start the ramping :-)