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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Petrotal Corporation | PTAL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -1.56% | 31.50 | 14:54:50 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 32.00 | 31.50 | 32.00 | 31.50 | 32.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 20/02/2025 | Final | USD | 0.015 | 28/02/2025 | 28/02/2025 | 14/03/2025 |
| 20/11/2024 | Interim | USD | 0.015 | 29/11/2024 | 29/11/2024 | 13/12/2024 |
| 12/08/2024 | Interim | USD | 0.015 | 30/08/2024 | 30/08/2024 | 13/09/2024 |
| 14/02/2024 | Final | USD | 0.02 | 28/02/2024 | 29/02/2024 | 15/03/2024 |
| 13/11/2023 | Interim | USD | 0.02 | 29/11/2023 | 30/11/2023 | 15/12/2023 |
| 08/08/2023 | Interim | USD | 0.025 | 30/08/2023 | 31/08/2023 | 15/09/2023 |
| 30/03/2023 | Interim | USD | 0.015 | 30/05/2023 | 31/05/2023 | 15/06/2023 |
| Top Posts |
|---|
Posted at 16/4/2025 14:48 by loafingchard Ok I know the NR301 Canadian tax withholding form has been done to death here. I have always applied the form NR301 (and American W8-BEN form) to my accounts at Jarvis stockbrokers without issue and received my Canadian dividends at the reduced tax rate of 15%. All good until now, Jarvis / X-O appears to be going down the swanny. So now I'm looking for a new broker who does not charge a recurring monthly management fee, has low trading commissions and WILL allow use of the Canadian and American tax withholding forms. Are iWeb associated with a high street bank? Some brokers such as Jarvis are happy to apply NR301 Canadian withholding tax form and the American W8-BEN withholding tax form to the XO ISA so foreign dividends are taxed at 15% as opposed to 30% without the forms.From what I understand, other brokers such as those which are stockbroking arms of high street banks do not allow use of the W8-BEN or NR301 to reduce dividend tax on American / Canadian shares.Correct me if I'm wrong, any advice welcome. I'm sure others will have the same issue.Cheers for your help. |
Posted at 04/4/2025 14:41 by taurusthebear Looks like 30p to be tested again. I'm not that bothered as I have less than half my liquid assets in shares. I won't add further as that way I rule out the twin poisons of the stock market, fear and greed.However, partly care of PTAL divis, I will have 20k to move to my ISA next week. I'll let the dust settle on this Trump-induced fiasco before adding to my PTAL holding, as long as oil stays above $60. If not, no deal. |
Posted at 20/3/2025 17:22 by king suarez "Thanks Daniel,I know forecasting isn't an exact science! It does say on p32 of the PTAL presentation: " • Free cash flow numbers are net of working capital adjustments of ~$20-25 million, interest income (~$2 million) and lease expense (~$12 million)" So not sure about the working capital assumption? I see, so the $18.6m looks to be 2023 and 2024 combined tax expense figures, which you are assuming is being paid in 2025 - why not add this to the $34.9m 'cash tax' figure in the summary so that it is then reconcilable? I see that you have done a similar thing with the difference between $34.9m and the 2025 tax charge - pushing this into 2027, but you have added this to the 'cash tax' figure for the year, which makes more sense to me! As investors we're just trying to understand to what degree the dividend is covered in this low oil price environment. Regards, X" |
Posted at 20/3/2025 17:21 by king suarez So here is my conversation:"Hi Daniel, Hope you are well. Just looking at your note on PTAL... 1) I assume the 'Change to forecasts' table on page 2 should be for 2025 & 2026 E not 2024 & 2025, otherwise the figures don't tie in with the rest of your analysis? 2) Can I ask how you derive FCF of $12.3m for 2025? The company presentation states they expect $60m FCF @ $75 Brent on EBITDA of c$245m. You have a lowered Brent target of $70 (fair) contributing to EBITDA of $230m, but FCF of only $12.3m? On the lowered EBITDA of $15m you forecast $5m less tax paid in 2025 than PTAL (fair) so the net change should be around $10m lower than PTAL forecast? I cannot reconcile your EBITDA number to the operating profit of just $155.5m? Ordinarily it would be something simple like EBITDA less tax less working capital adjustments - which would be $230m, less $35m, less $20m, which would give $175.5m not $155.5m? Your 2026/2027 numbers make perfect sense so I am confused. Is there a large adjustment not presented in your summary for 2025? I wonder if perhaps you have double counted erosion control (in opex) somewhere? The company stated in their 2025 presentation that the forecast FCF already includes adjustments for working capital. If we look at the company presentation slide on page 32 and lower the Brent price to $70 as you have done, then FCF is forecast closer to $35m - am I missing something obvious?! Thanks!" |
Posted at 20/3/2025 12:16 by king suarez Sorry, I'm struggling a bit...I don't know how to reconcile Zeus forecast EBITDA to operating cash flow. It should just be EBITDA - tax +/- working capital adjustments, but in the case of their 2025 it simply doesn't work. It LOOKS to me like, Zeus have adjusted EBITA TWICE for $20m working capital, then taken off tax to get to the operating cash flow figure of $155.5m - then deducted the same $140m capex, then presumably something else to end at $12.3m FCF. They go from EBITDA of $230m to operating cash flow of just $155.m with only $35m 'cash tax' paid (and a $20m working cap adjustment) - so there is a rather large adjustment(s) being made somewhere that is not presented in their summary? PTAL in their presentation state that the FCF of $60m at $75 Brent is already net of working capital adjustments. So although ZEUS have only a $15m downgrade in EBITDA (due to oil price) they also have $35m v PTAL $40m tax forecast as a result, so the net difference should only be $10m, not $47.7m as it is. |
Posted at 28/2/2025 10:34 by king suarez Exd is today, 28th:"Dividend Timetable Update Further to the Company's announcement on 20 February 2025, the LSE has requested that the ex-dividend date on AIM is aligned with that driven by the Company's TSX listing and accordingly the ex-dividend date on AIM has been amended to 28 February 2025. All other details of the dividend payment schedule remain the same." |
Posted at 20/2/2025 07:17 by this_is_me PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) is pleased to announce that its Board of Directors has declared a cash dividend of USD $0.015 per common share for the first quarter of 2025.The Q1 2025 dividend is based on Q4 2024 financial results and will be paid according to the following timetable: · Ex-Dividend date (AIM): February 27, 2025 · Ex-Dividend date (TSX): February 28, 2025 · Record date: February 28, 2025 · Payment date: March 14, 2025 |
Posted at 15/1/2025 15:51 by mount teide Hi eringael/RA - hope both you and you're investments are doing well and, like me you're enjoying PTAL's recent return to what is still a very good share-price entry point for a new 2-3 year investment in the company.Sold half my original holdings in PTAL and TXP for reasons posted at the time. PTAL(Local Community Unrest Threat) and TXP(Poor execution of the monetisation of the discoveries by the management). Re-purchased the PTAL shares I'd sold after the disruption threat declined a few years ago - currently hold 1.0m. Only post infrequently nowadays on PTAL, TXP and a number of other Advfn threads where i have a shareholding, as they either attract mostly little or low interest from others(the three shipping industry shareholdings and PTAL spring to mind), or too many day traders posting inane nonsense crafted to suit their latest trade(happened repeatedly at TXP where I still hold 1.2m - sold the other half at circa 80.0p). |
Posted at 08/1/2025 14:01 by arlington chetwynd talbott Try some comparative TXP and PTAL charts. They look even worse (for you) if you factor in the PTAL dividend. |
Posted at 16/12/2024 13:11 by bozzy_s I know it's probably just a few hundred pounds per RNS, but PTAL haven't covered themselves in glory with this latest dividend announcement. The 1st RNS was correct (ex-div 28th Nov, record date 29th Nov). They then issued a 2nd RNS with the wrong ex-div date.And today they've had to issue a 3rd RNS which hasn't fully corrected the 2nd one, but just confirms the original was correct (record date 29th Nov, which means ex-div must have been 28th Nov - they could've added this for clarity). Ex-div is always a Thursday for normal dividend payments. The rare exceptions occur with returns of capital, and very very rarely for special dividends. |
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