The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Great read, concise and full of facts.
The diagram showing existing and planned fsru projects around Europe is great. It will help sway public/political opinion. "Everyone else is doing it".
BTW mag mell is worth Billions over its lifespan.
I agree with you GRH, seen many come and go.
Whenever I find a company I'm confident in, my intention is to build a large position over a period of Time unless the fundamentals/story changes.
The markets are crashing hard, no more inflated price to earnings ratios. There's a not better time to hold a share that is sat on huge gas reserves. There's a lot of money on the sidelines waiting for a winner amongst all this turmoil.
@keith
Mou1 data hasnt changed. Prd has fallen in April like most of the market. I don't agree that means the market now assumes the data is dodgy. Its impatience and people liquidating from markets. Prd was doing well whilst most portfolios were beating beaten up.
The data is out there for you to look at.
Personally i would rather wait for Paul's preferred funding arrangement. Knowing him he won't take notice of the share price and the noise on chat boards.
There's a shortage/delay of everything. For example with chip shortages the big players like apple although they have priority of supply are still feeling it.
I imagine long lead items required will be on back order. The supply will have been taken by the major oilers. They've been asked to increase thier outputs to help increasing prices after being forced to reduce during the lockdowns. They can easily outbid small player like us.
Patience and conviction in your investments, there's bleeding across all the market.
Still holding 1 mil shares. The gas is there and not going anywhere.
Mem of course it is, but when someone does a 180 from bullish/cult following to bearish it doesn't sit well with me.
Especially when nothing has happened. Also this isn't the first 180degree.
I've held since ipo and will continue to hold. All long term holders know any given timeline is an approximate at best. Paul would rather not give any dates because the chance of delays is high in this sector. (He admits this in a video update). However the market expects it and so he reluctantly gave an estimated timeline. Unspringinly the timeline has passed and now folks are throwing thier toys out of thier prams.
So it appears nothing has changed except some holders growing restless because things didn't happened as quickly as they wished. That's life
I've seen many come and go on this board, mem changes his tone depending on his position. Sefton, sell the rest of your holding and good riddance. No point being indecisive.
Great Post phoebus, the numbers truly are staggering.
I'm highly confident the board will deliver and the special divis will be life changing. I can comfortably leave my investment aside.
General markets wise it's a crazy time. The US markets have only had 3 green weeks year to date. It's good to have an independent play like PRD in your portfolio.
The shareprice will hover around these levels till they're cleared. Consider it a new support level and a buying opportunity before the next leg up. We've been here before.
4% dilution is not bothersome as the proceeds are clearly being effectively used.
@polemic
You mean what's the chance the morrocon goverment shoots itself in the foot and prevents any future private investment into the kingdom for the sake of a few billion?
Well that shows me your level of intellect and understanding of these matters. You're clearly a pessimist with nothing of substance to critique the company and so make it up. Therefore reading your posts is a waste of my time. On to filter list.
The morrocon goverment is more likely to be a gas purchaser to secure thier security of supply. Gas in morroco is pegged to the price of oil and so that increases the value of our reserves.
Latest 2 rns were great and pretty self explanatory. Trinidad development was intersting, with oil prices booming it can't hurt to get some revenues in and strengthen our hand when fram is up for renewal. At current oil prices, the Trinidadian goverment benefits from the supplemental Petroleum tax.
Easily a 10 bagger from here and that's before the special divi. 300mil m cap.
Patience is a virtue.
@grh
Evryone is aware of Ukraines natural resources. They also didn't take on any former Soviet debt following the collapse. That was all transfered to Moscow.
So they have abundant natural resources and little debt yet this isn't reflected in their economy. Its ranked 135 for gdp per captia.
Screams of corruption.
@footandmouth I agree. It was obvious to everyone he wouldn't.
@grh let's agree to disagree.
"All the time they were pondering how they might appease him...whilst he was building up his own forces to full strength...
He even convinced some idiots that he was merely moving his troops we prelude to all going back home for a slap up breakfast..."
What a load of rubbish. I'm talking about something that's been going on for decades. It appears you've conned yourself GRH.
You have fallen for the views put out by our media and politicians. Not surprising for old folks.
To clarify I'm not justifying putins actions, what I'm trying to say is there is blame on both sides.
No leader should be able to go to war without the majority backing of their citizens. Defending oneself is different. Ukraine shoud've held a referendum asking if the public is happy to risk war with Russia in pursuit of nato membership.
Great Post spectre.
Good luck to you daughter I'm sure her battlegroup won't be utilised. Mobilising to show support is one thing.
Nukes will prevent nato from getting involved. They've provided relative stability between major powers for decades now.
The US and Russia both know they can't attack each other physically. There lies the conundrum.
Our press has as usual been biased. Ukraine has been trying to join nato for a very long time now. Putin has always opposed this as he does not want American troops and their missile defense system placed on his border. It doesn't take much to convert it from a defensive to offensive weapon.
This war could've been avoided if the USA agreed to putins demands that Ukraine can't ever joint NATO. Those that disagree consider for a minute, what if Russia declared they were joining a military partnership with mexico and are going to place their weapons and troops there. How would the USA react?
Nato is obsolete, the loss of Ukrainian lives is not worth it. How many Ukrainian citizens would agree this war is worth it to try join nato? Ignoring the fact that Ukraine stands no chance against the Russian war machine.