Member Info for Thunder2040

I agree talk of dividends and buy backs when loss making and indebted does give the sense they are a bit clueless ...should pay down debt next year I agree

If they can do 1 quarter where they actually meet guidance it will double lol

Americans can buy now if they want they don't have to wait until this afternoon ;)

Very odd, would be keen to hear why that was not as expected unless CFO departure spooked some..markets are acting very oddly

Inline with underlying operating profit guidance lol, P/E of 4 with forcast growth?

Has my full attention that one I must say

People must have just cottoned on that Thunder has bought in this morning haha

I do wonder you know with so many American funds buying if something is afoot here. Price is approx what they paid for media monks alone...

Snapper name me one bank that provides these guarantees within the MENA region please...exactly you can't, because you know nothing about this. ADNOC is a sovereign wealth dev fund...why would they sniff at paying £100m on a contract worth billions? You need to take a step back and ask yourself whose interest is it in to prevent all the contracts going ahead...you are too narrow minded to see it in my view today

Snapper are you still here parroting everything you read in the news..really need to open your eyes and look forward

Just for those banging on about the bond price, the spread is explaining all that daily movement

I don't think ADNOC would buy on the open market but a lot of things don't make total sense. First issue I had and still have is the shorts were selling a month before the RNS..good guess or leaky...I think PIs probably just out bought the hedge funds last few days, how much more ammo do they have though I would not know..but it's funny they have closed nothing really at 15p..must be aiming for zero..good luck to them, I will take my chances versus that thesis

Would be a logical name in the frame..I just don't think PIs alone could take it up 30% against a short sale of that size, maybe I underestimate the wealth out there

The plot thickens slightly with those short disclosures from yesterday, I think they clearly tried to hammer it but someone else was buying in big which I find very interesting indeed...I do just wonder if we are going to see a TR1 from a institution building a stake for themselves or someone else...there are as a lot said in yesterday's RNS about non controlling interests..that really does intruigue me a lot but have not got enough conviction to guess on here who that could involve tbh

Snapper I am well versed with accounts but the market prices on the future and the worm has turned the last 12 months for the better I am sure of that...this funding issue is a blip and the shorts have literally charged at it head on...it's fallen too far too fast

Maybe I changed his mind and it's been him buying this up past 23p as we spoke lol

Snapper is fine, I respect his views here, but we are worlds apart on where we see this going...nothing wrong with that, I am confident

So you think the accounts are bent? Which parts?

To be cashflow neutral they needed $200m in H2...it's in the interim accounts release...they have said half of this was expected to come as advance payments...if the cash had come in they would have been back to year end 2022 position for net debt...which did not cause a problem. I think part of this is credit conditions have tightened and the H2 legacy overruns spooked banks on doing the guarantees which is logical..but the forward order book is also immensely valuable they gave lots of levers to pull so ramming the share price down from 80p to 15p in a week is frankly scaremongering...it will rerate to somewhere in the middle shortly

You refer to book value of equity which means little in this kinda gig...the liquidity is the main issue here and the contracts are too important not to go ahead for sake of £100m or £200m