Member Info for TrekMadone

Wbi debts called in due to losses.

Problem is when one bank pulls others want more to lend for risk or they stay away.

Sometimes the finances can disconnect from the story. They have receivables to keep them going for a while but the next package if history repeats will be death spiral to the vultures. The sp will be played so they get out with their cash at the expense of pi’s. Avoid imo.

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Trek

I added yesterday at 231.4

Trek

Just saw that mick also fed looking at another one or now two hikes so could see 5,75.

From cnbc….

“ Wall Street is closely following economic data for a read on where the Federal Reserve might take interest rates at its policy meeting in early May. More than 86% of traders are calling for a 25 basis point hike at the next policy meeting, according to CME Group’s FedWatch tool.

Strong data could signal a resilient economy and convince the central bank it has more hiking to do to temper high inflation. Last month, some traders called for a pause in hiking after turmoil rattled the banking sector.…”

“ Atlanta Federal Reserve President Raphael Bostic told CNBC that he sees one more rate hike of 25 basis points, before pausing to see its impact on the economy. That would take the U.S. Federal Funds rate to 5% to 5.25%.

Bostic’s words come as St. Louis Federal Reserve President James Bullard told Reuters that he favors a higher terminal rate of between 5.50% and 5.75%”

5.75 would be a killer imo. I doubt they’d go that far but the fed tend to threaten to spook the markets. Gold could have peaked for a while now.

Just as things were ticking up we could be heading for a stay away in May.

That’s when a lot of XD’s come in. I am hoping to get some cash out and switch off until after the summer.

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Trek

Increased from 4.57, if Morningstar is to be believed as their data is often out.

https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P00019P42%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00019P42&ClientFund=0&CurrencyId=BAS

Still good to know I am not the only one buying!

I really believe this could prove to be ‘hindsight is a wonderful thing’ scenario if the macro plays out as predicted!

For now a vote of confidence. Insti’s sell for many reasons but mostly buy for one!

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Trek

This could have a global inflationary impact. Rice prod hit by weather, war and costs.

https://www.cnbc.com/2023/04/19/global-rice-shortage-is-set-to-be-the-largest-in-20-years-heres-why.html

We eat a lot and pick up the big bag in Tesco, I think it’s around 7kg. Worth packing one away as dates are usually more than a year out.

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Trek

Hardly surprising Wagner admits to shooting a child and killing prisoners!

https://www.theguardian.com/world/2023/apr/18/wagner-mercenary-admits-tossing-grenades-at-injured-ukrainian-pows

Trek

Is it? $787m but the perpetrators of malicious false information walk free. The money will be replaced and money seems to buy reputation. Murdoch should’ve done time for treason. He knew full well Fox News was pushing his dirty tricks.

Such high profile cases as this should be picked up by the people and justice served.

https://www.bbc.co.uk/news/world-us-canada-65318654

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Trek

See, 575k of indicative sells reported as late trades. SP unchanged.

Changing of the guard!

This price won’t last imo. Once that seller clears it’ll pop. Been good volumes her lately. News will get out soon!

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Trek

I used to hold em at around 20p. They’re a great company. Amazing tech not just medical but also bio detection. They even have wearables to alert say agents or anyone to bio hazard, neutrons etc.

It’s pretty crap the Sp collapse to where it is. You’d think they would be sponsored by UK plc to provide hazard detection across the whole country and networked. It’ll take a disaster or a dirty bomb before the risk is taken seriously.

As always we have the tech and know how here and don’t use it!

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Trek

Doesn’t matter. It’s a trade and the SP is recovering. It’s likely a sell but someone has taken them on their books.

There is still a overhang from the placing but plenty of basement buyers. When it clears it’ll really pop imo!

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Trek

Not sure if posted before ‘good’ footage

https://youtu.be/pkZ4o1VQASg

Trek

London stock exchange…… woke!

‘At these rates, no one will need the Prime Minister’s new plan to boost numeracy to count the number of companies still listed on the London market. The fingers of one hand will be more than enough to tot up the total. The direction of travel is a disaster. The London equity market is in a steep decline – and the government needs to take action, quickly.’

‘This could still be turned around. The government should ditch the absurd layers of corporate governance regulation that have built up over the years and replace them with a simple requirement to publish audited statements. Whether the CEO had too much power, whether there were enough women on the board, whether it met sustainability or environmental targets or whether it was socially inclusive enough could just be left to the managers and the shareholders to work out between themselves. At a stroke, that would make London the simplest equity market to raise capital in. After that, the Treasury should relax the rules on pension funds and tweak the tax system to encourage investing in London listed shares again. Right now, only 6 per cent of UK pension fund money goes into shares quoted in this country. Get that up to 30 or 40 per cent and a huge amount of cash would be released. ”

https://www.spectator.co.uk/article/the-london-stock-market-risks-sinking-into-irrelevance/

Still cheap then and looks like getting cheaper!

Seems odd the index is up today when the big hitters are down. Insurers, banks, pharma. Just really BP & ULVR up. Odd.

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Trek

Points well made Trot,

23 should be good as 85% hedged at 3.83Mcf. The thing to work out is what the breakeven gas price is and how much do they need to sell to cover operations.

DEC is a low cost producer and increased volume of sales last year. Take away the hedging and I have a price in mind closer to $1 at current volumes where they are still evens. Anywhere at $2 with their cash margins is well in the money as long as the demand is there.

There’s plans to increase export from US beyond Freeport it’s in the last ppt.

But absolutely profitability is dependent on gas prices beyond a year. But DEC have been here before and delivered across the cycle. Remember covid.

But all said the reality is the SP hasn’t been this low in the 90’s before. Even rebased it’s still low.

I have added at these levels and my average is around 94p now so I obviously see things through a different lense than those in higher.

I am also happy if the SP goes no where and just pays the yield as I have decided to just stick now and may reinvest other dividends into here.

Good luck.

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Trek

evi,

Thanks just done it and cancelled!! Still get two months free!

Trek

MRW - I loved their extra hot onion bajees stopped making em now. Also their garlic bread baguette was the best until they recently changed the recipe now it’s dense! That just leave their cous cous, extra large tub always with a good date but not worth popping in just for that!

ESP as they are most expensive….

https://www.dailyrecord.co.uk/lifestyle/morrisons-overtakes-tesco-priciest-supermarket-28967182

Waitrose and sainsbury aside! Not on my pension!

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Trek

Lots of 20 & 25k unknowns today so close to mid point. It’s likely that shares are still being offloaded following the placing. Some participants will hedge their own stock. Whatever they can do to mitigate risk.

Certainly something is keeping the price down on this volume.

Will need to hold above 35p before it really moves as low 30p buyers can lock in an easy profit probably targeting 35-36p and then clear out any leftover placing shares.

I think the bigger gains will come once 36p sticks.

Just need to get these traders clear then we should find a new trading range until news takes over.

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Trek

They and PFC never recovered from covid share price wise. Not surprised to see WG go must be lots of opportunities there for the right management team!

Thanks for posting the broker note on DEST tro, it’s great to get them after one has bought at 30.02p!

Got 7.5C divi today at SEPL another 2.5c (US) divi due in May making 10c in less that 2 months and the SP has held range.

Sepl Has enough cash to more than double its divi! Also the Exxon deal should be announced soon 2H23. If it goes through they increase boe by 3x with almost zero expense due to delays. If it doesn’t go through they get money back. So either another acquisition or another special divi!

Gotta have stomach for trading range though. Try for close to 100p. I sold 20k shares at 114 having bought a load in the 80’s up to 108. Still have plenty for longer term hold but you get lots of trading nibbles along the way!

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Trek

Told ya all!

Still early days get in below the financiers at 35p, 50p, 65p now fully financed and a JV!

Two huge top slice chances ahead for multibagger!

Someone else has done all the heavy lifting!

We are aweful!

Eazzy beans! Lol!

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Trek

“ Wow.. So far not even a penny drop.
Weird, I'm kind of happy with all outcomes.”

Oil held 80’s, opec cuts, China growth etc

So many majors are up and smaller ones like KOS, GKP etc up more.

So we have the divi out by missing a lift today. Could all change tomorrow and we play catch up!

Great post herminator, thanks for sharing!

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Trek

Well I was hoping for sub 30p but I think that brief window has now passed. Grabbed a few more having sold elsewhere to add. Hoping to flip another trade into here while it’s still below 35 and ahead of newsflow.

Expecting a little run as the results and broker news pops across people’s desks. Still way under the radar this one as folk chase more well known biotech stocks. Just look at the post counters!.

The financial footings and phase 3 deal sets this one apart from many imo and gives same potential huge upside but much less risk!

Also lots of potential inflexion points ahead to free carry into the Phase 3 read out imo even over 60p!

Usual caveats

Trek