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Share Name Share Symbol Market Type Share ISIN Share Description
Kistos Plc LSE:KIST London Ordinary Share GB00BLF7NX68 ORD GBP0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -1.27% 467.50 460.00 470.00 474.50 465.00 467.50 52,653 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers - - - - 387

Kistos Share Discussion Threads

Showing 1726 to 1750 of 1750 messages
Chat Pages: 70  69  68  67  66  65  64  63  62  61  60  59  Older
DateSubjectAuthorDiscuss
05/12/2022
12:08
SKYSHIP.........you can do it if you want but I started this thread because of PRO and his silly restrictions.

Today there are a few posts that mention that SQZ shareholders would be better off if they had given in to the recent Kistos offer.

We may never know how AA still feels but will he be the one to try and consolidate the North Sea gas/il sector which seems to be in a muddle - muddle on tax and muddle on what some should do with the cash.

HBR buys its shares back and pays a dividend.........and the same goes for SQZ and even Kistos is ready to do this as and when.

But what about the rest of the sector?

When the blood flows that is the time to buy - especially as we the world needs gas and oil for years to come.

anley
05/12/2022
11:27
Total pulls investment from North Sea in response to Sunak’s windfall tax --
https://finance.yahoo.com/news/total-pulls-investment-north-sea-194114179.html

ashkv
04/12/2022
16:07
That’s very rude & totally bang out of order, sorry but I have to say!
Who the hell do you think you are with an attitude like that?
An apology is in order

adg
04/12/2022
10:10
Billy Ray posted this interesting article over on the other thread:
==================================================================

https://www.telegraph.co.uk/politics/2022/11/26/water-windfall-tax-energy-industry-will-collapse-jeremy-hunt/


Chancellor told he risks 'destroying' North Sea production altogether after increasing the levy from 25 to 35pc

ByCamilla Turner, CHIEF POLITICAL CORRESPONDENT26 November 2022 • 7:00pm

Jeremy Hunt’s windfall tax on oil and gas giants must be watered down to avoid industry collapse, Tory MPs have warned.

The Chancellor has been told that his so-called energy profits levy is “too blunt an instrument” in its current form and risks “destroying” North Sea production altogether.

It comes amid warnings from companies involved in North Sea oil and gas exploration that the sheer level of taxation now poses an "existential threat" to their industry and will lead to investment becoming "unviable".

Mr Hunt and Rishi Sunak, the Prime Minister, have faced criticism that the Autumn Statement did not include enough measures to spur economic growth.

Mr Hunt increased the windfall tax on North Sea oil and gas producers from 25 to 35 per cent, while also announcing it would be in place until 2028 rather than 2025, adding £19.4 billion to the existing bill.


MPs believe that unless a “sensible” floor price is agreed, energy firms will be “crippled” with higher taxes even when their profits fall.

Discussions are underway among rebel MPs about drafting an amendment to the Finance Bill - which is expected to be returned to parliament this week - to address this point. Some backbenchers have written to the Chancellor to express their concern about the windfall tax, while others have made their disquiet clear to the chief whip.

Sir John Redwood MP told The Telegraph that the windfall tax in its current form is “excessive” and will “damage the industry” as he urged ministers to “see sense”.
“We need to get as much oil and gas out of the North Sea as possible,” he said. “I don't believe it is a windfall tax if it doesn't stop when profits fall - it is just another tax on business, another tax on a business that is temporarily generating a lot of income but in the past has had heavy losses.”

Craig Mackinlay MP, the chairman of Net Zero Scrutiny Group, added: “We want more domestically derived energy. You do not get more domestically derived energy by taxing it more.

“While some of the supersize companies can accept they have had it pretty good for a while, what if those good times don't last? What happens if you have a more modest, normal profit? Are we going to still tax at 75 per cent? It is too blunt an instrument.”

Bob Seely MP said he is concerned about the security of oil and gas supply over the next decade, explaining: “We need that supply. There is no question about that. If we get this wrong and North Sea production collapses, a series of very bad things happen. For sure, we need to get tax from the industry, but we need to do so without destroying it.”

Separately, the Association of British Independent Exploration Companies has warned the Chancellor that the windfall tax on energy companies poses an "existential threat" to the industry.

Robin Allan, the association’s chairman, wrote to Mr Hunt arguing that taxing his members at 75 per cent will wipe out the industry “and with it, those jobs and our nation’s energy security”.

In the letter he went on to say that “UK Upstream companies can no longer shoulder this extreme open-ended tax burden”.

Arguing for the introduction of a price-floor, Mr Allan said: “Without such a mechanism and to continue down the path of the current anticipated 75 per cent rate, further investment in the UK has become unviable and so begins a rapid onset of the decline of the North Sea”.

skyship
04/12/2022
10:03
ANLEY - If you're going to start a thread then do learn how to do it properly.

Please go back to the Header - press EDIT - then at the very least add charts and company news.

Click over to the old thread to see how it should be done.

https://uk.advfn.com/cmn/fbb/thread.php3?id=47380305

skyship
01/12/2022
14:26
https://www.telegraph.co.uk/politics/2022/11/26/water-windfall-tax-energy-industry-will-collapse-jeremy-hunt/


Chancellor told he risks 'destroying' North Sea production altogether after increasing the levy from 25 to 35pc
ByCamilla Turner, CHIEF POLITICAL CORRESPONDENT26 November 2022 • 7:00pm

Jeremy Hunt’s windfall tax on oil and gas giants must be watered down to avoid industry collapse, Tory MPs have warned.
The Chancellor has been told that his so-called energy profits levy is “too blunt an instrument” in its current form and risks “destroying” North Sea production altogether.
It comes amid warnings from companies involved in North Sea oil and gas exploration that the sheer level of taxation now poses an "existential threat" to their industry and will lead to investment becoming "unviable".
Mr Hunt and Rishi Sunak, the Prime Minister, have faced criticism that the Autumn Statement did not include enough measures to spur economic growth.
Mr Hunt increased the windfall tax on North Sea oil and gas producers from 25 to 35 per cent, while also announcing it would be in place until 2028 rather than 2025, adding £19.4 billion to the existing bill.
The Chancellor has been told that his so-called energy profits levy is 'too blunt an instrument' in its current form CREDIT: Zara Farrar
MPs believe that unless a “sensible” floor price is agreed, energy firms will be “crippled” with higher taxes even when their profits fall.
Discussions are underway among rebel MPs about drafting an amendment to the Finance Bill - which is expected to be returned to parliament this week - to address this point. Some backbenchers have written to the Chancellor to express their concern about the windfall tax, while others have made their disquiet clear to the chief whip.
Sir John Redwood MP told The Telegraph that the windfall tax in its current form is “excessive” and will “damage the industry” as he urged ministers to “see sense”.
“We need to get as much oil and gas out of the North Sea as possible,” he said. “I don't believe it is a windfall tax if it doesn't stop when profits fall - it is just another tax on business, another tax on a business that is temporarily generating a lot of income but in the past has had heavy losses.”
Craig Mackinlay MP, the chairman of Net Zero Scrutiny Group, added: “We want more domestically derived energy. You do not get more domestically derived energy by taxing it more.
“While some of the supersize companies can accept they have had it pretty good for a while, what if those good times don't last? What happens if you have a more modest, normal profit? Are we going to still tax at 75 per cent? It is too blunt an instrument.”
Bob Seely MP said he is concerned about the security of oil and gas supply over the next decade, explaining: “We need that supply. There is no question about that. If we get this wrong and North Sea production collapses, a series of very bad things happen. For sure, we need to get tax from the industry, but we need to do so without destroying it.”
Separately, the Association of British Independent Exploration Companies has warned the Chancellor that the windfall tax on energy companies poses an "existential threat" to the industry.
Robin Allan, the association’s chairman, wrote to Mr Hunt arguing that taxing his members at 75 per cent will wipe out the industry “and with it, those jobs and our nation’s energy security”.
In the letter he went on to say that “UK Upstream companies can no longer shoulder this extreme open-ended tax burden”.
Arguing for the introduction of a price-floor, Mr Allan said: “Without such a mechanism and to continue down the path of the current anticipated 75 per cent rate, further investment in the UK has become unviable and so begins a rapid onset of the decline of the North Sea”.
[Thanks to TerryM1 on the SQZ (other) bb]

billy ray
01/12/2022
09:50
hxxps://www.gbnews.uk/news/oil-exploration-firms-warn-of-complete-collapse-of-operations-in-the-north-sea/398281
billy ray
01/12/2022
09:46
Bought a few more
volsung
30/11/2022
14:03
TTF gas up 9% today.
blueball
29/11/2022
10:57
Https://www.voxmarkets.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-november-28-c9c4c18/
blueball
29/11/2022
07:58
Interesting pice from the Moram research note;

New structure: This week Kistos has announced a new structure, where it creates a Finance company. To our best interpretation of it, among other things, it will allow Kistos to sell the NBP natural gas at TTF prices. This would allow Kistos to pay taxes for the difference (TTF-NBP) as a financial product and not as natural gas. Specifically, if Kistos does that with a certain amount of NBP production, it would pay the EPL in the UK at the NBP price and the difference (TTF-NBP) as a financial product (no extra taxes for energy production). And we repeat, this is only our best interpretation of the report they published this week. We are not experts in this type of law.

adg
27/11/2022
15:18
Https://moram.eu/kistosplc/

Target price of 741p.

blueball
25/11/2022
11:06
Perfect bowl forming chart.
blueball
25/11/2022
10:34
Gas prices rising, EU cap on gas very high and cheap as hell
jeff114
25/11/2022
09:59
Why the sudden interest today?
bigalan3
24/11/2022
20:14
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=KIST.L

Stay long.

blueball
24/11/2022
16:25
anley - what do you expect the implications are of that for Kistos' tax bill?
mr. t
24/11/2022
15:25
Remember that the UK has Double Taxation agreements with EU countries.
anley
23/11/2022
18:00
TTF up 8% today.
blueball
23/11/2022
17:20
You're probably right about tax losses. Still even if they offset the 30% corporation tax only, that's still helpful.
mr. t
22/11/2022
18:53
Https://www.malcysblog.com/2022/11/oil-price-southern-kistos-coro-petrofac-and-finally/
blueball
22/11/2022
16:46
Surely the tax losses will only offset Corporation Tax liabilities. The Dutch WT will have to be paid in full (whatever it ends up as)
marvelman
22/11/2022
16:22
I like this comment on p. 38 of the circular:"The Group has significant tax losses carried forward available to offset future UK taxes due to the Total Acquisition. The Group is expected to benefit, to some extent, from the investment allowance under the Energy Profits Levy, through its planned capital investments program"I wasn't aware of the significant tax losses, it reads like the UK windfall tax may not be such a big issue....at least in the short term.
mr. t
22/11/2022
11:44
Over on LSE they are talking about HUR as a possible fit but why when they only have one well and with a shelf life and with decomisitioning costs
Have I got that wrong

vino
22/11/2022
09:36
Could it be so the holding co can be registered in tax friendly jurisdiction.
I don’t know these things like previous poster.

pjackson2
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