The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I think they are working on something positive personally. Good entry price for newbies.
Seems they have been cleaning up a few elements in preparation for something during Q4-Q1 like the ESG report out of nowhere and cleaning up their reserves.
Thanks Tony all great points and I agree a special dividend is unlikely and not well spent but this “special meeting” got me thinking.
In terms of U Turns as you say the Dividend last year, then saying they would not want to dilute equity for shareholders (or slightly if a good prospect becomes available) then set up an employee share scheme which does just that, maybe U Turn is the wrong wording but there is often a slight of hand.
I doubt they will buyback after Major has said a number of times he does not see the benefit. Maybe this will allow a special dividend however which was mentioned previously outside of the normal quarterly dividend cycle if they feel viable.
Having said that there is always one consistent mgt say one thing then do a U Turn.
Let’s hope it’s good news and not around some equity dilution which would need a special resolution from memory.
Fingers crossed!
Extended windfall tax till 2029 which was expected.
Seeing a kick up today with oil up a couple of %.
Modest rise today folks but at least a rise and hopefully we will see new money coming in soon.
Been low for a few weeks now despite oil rising….hoping to see a bit of momentum coming out of Q1 and ISA allowances allowing new investment for 2024 even in the 11’s stock is undervalued……
GGG I seem to remember that they said 2024 was going to focus on Oil and as such I am hoping the ratio of gas to oil reduces in their budget. This would improve our earnings vs 23 which is critical.
Tony great information thanks a lot for all the effort really appreciated.
Have bought more at these levels and will be reinvesting tomorrow the dividend so hope to see us back to mid 9’s especially if oil stay at the current level.
Nice end to the day this. Been watching for a while and average is 48 after taking some hits.
This will be rocketing into next week as news spreads so good luck all. Even at these prices now it’s looking good value especially as funding will be very likely approved on this result.
I get it’s a difficult one to give guidance. Very volatile prices at the moment and given relatively low prices will be showing year on year declines. How to put a positive spin on external factors and need China to show growth.
Need volume to increase and earnings to be the same or better with the efficiencies cited last year on cost reductions.
Significantly undervalue currently so should see some upwards movement back end of this week.
Bargain at these prices.
Have a Happy Christmas folks! Let’s hope this comes back to pre June levels soon🙏
I am no expert but seems based on certain price thresholds we get a kick up or price falls. Anything on the front months Crude Oil WTI
Mid 9’s today and back to 10’s tomorrow…..
Better day today folks…..really oversold at the moment and focus on Oil next year should help 2H…..news out of the US better and let’s hope China sees a turnaround.
I expect some opportunist buys near the end of the day at this price.
Should be back to mid 9’s by close tomorrow.
Agree Tony sensible given the situation and then capitalise 2H and revise plan. I would not overpromise and underdeliver but as long as Divi payable it’s good and they are covered.
Thanks A20 at these prices though a two year low it’s severely oversold and will need to correct soon. People will start buying in for the dividend at a silly price. Revenue hit should already be factored in so fingers crossed we are bottom at the moment.
It won’t stay here for long. Oil set to rise next year and most of the profit comes from oil….some good news would be welcome soon though!
Tony - Like I said I agree with much of what you say. The “barrage of bad news” was Serenity, No CFO, the dividend cut, then the share options, and at times when if they were more strategic it would not be so impactful. The saying “death by a thousand cuts springs to mind”. When there is a release it’s always coupled with negative news. Managing expectations is Mgt role.
Having said that the recent presentation was very good so credit for putting that on it’s important to connect with investors who will appreciate the undervalued stock.
Good bounce today so happy there is some claw back for the folks here!!