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PHAR Pharos Energy Plc

23.00
-0.25 (-1.08%)
03 May 2024 - Closed
Delayed by 15 minutes
Pharos Energy Investors - PHAR

Pharos Energy Investors - PHAR

Share Name Share Symbol Market Stock Type
Pharos Energy Plc PHAR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.25 -1.08% 23.00 16:29:55
Open Price Low Price High Price Close Price Previous Close
23.20 23.00 23.70 23.00 23.25
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 05/4/2024 08:11 by glavey
Investor meet: what a vapid bunch they are and hardly a straight answer to any of the questions, just waffle. Well past retirement age, she ain't kiddin'.
Posted at 03/4/2024 13:39 by yasx
nigelpm3 Apr '24 - 13:09 - 8334 of 8336
0 0 0
Some horrendous questions in that investor meet call.
------------------------

From the other thread.

Nigel,

Just wait until you see the questions I put forward! Jann will certainly consider those horrendous!
Posted at 03/4/2024 13:09 by nigelpm
Some horrendous questions in that investor meet call.
Posted at 28/3/2024 09:22 by oilinvestoral
RNS: investor meet company next week. Glad they are still doing it.
Posted at 27/3/2024 08:30 by oilinvestoral
I only got 2/5 from the expected key points I was looking out for.Really disappointed about the meagre divi! Good news about the the $10m from EGPC & net cash position Progress in Vietnam seems slow ... both in 125 & the CNV/TGTGoing forward, a lot will rest on who the new CEO is and what his strategy is. I don't think Jann will do an investor meet co webinar following the sacking ...
Posted at 25/3/2024 13:34 by oilinvestoral
5 Key things I'm looking out for this week in the annual results update: 1. cash position in March will hopefully show the company is now net cash (for the first time since 2019 / since the Merlon cluster)! 2. Egypt receivables starting to stabilise or unwind! 3. Progress made with Block 125 discussions and clarity on drilling the well in 2025. 4. Confirmation of the start date of Vietnam drilling campaign. 5. A dividend of 1.25p/ share I am not holding my breath given the history of the company and the management team but would hope for at least 4/5 of the above!We should also get confirmation of another investor meet company webinar.
Posted at 23/1/2024 19:39 by oilinvestoral
Last year, Radoff owned over 30 million shares and he used them to vote against the directors. He now has over 60 million shares and I suspect he will once again vote against the directors. Unfortunately that's nowhere near enough! As I mentioned below in Post 1943, he needs at least double that. For reference; here are the AGM voting turnouts over past 3 years: 2023 237 million voted 2022 274 million voted 2021 218.5 million voted I suspect around 120 million should be close enough to achieve his desired outcome... Unfortunately, a lot of retail investors don't have enough to make a difference, we might be able to chip in with 10-12 million if we all voted but he really needs a couple of institutions or a few large family offices to chip in with 50 million + shares!
Posted at 22/9/2023 07:36 by cwa1
Investor presentation announced:-

nvestor Presentation 2023 via Investor Meet Company

Pharos Energy plc, an independent energy company, is pleased to announce that Jann Brown - CEO, Sue Rivett - CFO, Mohamed Sayed - Group Head of Technical & General Manager Middle East, Vincent Duignan - Group Exploration Manager & General Manager South East Asia, and Minh-Anh Nguyen - Senior IR & ESG Associate, will provide a live presentation relating to the Interim Results 2023 via Investor Meet Company on 04 October 2023 at 3:00pm BST.



The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00am the day before the meeting or at any time during the live presentation.



Investors can sign up to Investor Meet Company for free and add to meet Pharos Energy plc via:
Posted at 23/3/2023 08:19 by cwa1
Also...

23 March 2023

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

Investor Presentation

Pharos Energy plc, an independent energy company, is pleased to announce that Jann Brown - CEO, Sue Rivett - CFO, Mohamed Sayed - Group Head of Technical, and Minh-Anh Nguyen - Investor Relations Analyst, will provide a live Investor Presentation relating to the 2022 Preliminary Results via the Investor Meet Company platform on Thursday 30 March 2023 at 3:00pm BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet PHAROS ENERGY PLC via:



Investors who already follow PHAROS ENERGY PLC on the Investor Meet Company platform will automatically be invited.
Posted at 28/10/2022 13:58 by ashkv
Interesting article in the FT about $ earning dividend paying firms benefiting from weak sterling.

Weak pound adds £6bn to UK company dividends
Dollar payouts to shareholders worth more to investors as sterling slides

Joshua Oliver OCTOBER 26 2022


Investors in UK companies can expect to receive an additional £5.7bn of dividends this year because of the pound’s slide against the US dollar.

The extra cash underlines how a weaker UK currency benefits many British companies that earn a large share of their income abroad, as well as sterling-based investors whose portfolios have international exposure.

The pound hit a record low against the dollar last month following the UK government’s ill-fated plans for extensive and unfunded tax cuts. Even after recovering, it is still down 15 per cent this year.

But the pound’s decline will deliver a record boost to dividend income for British investors, increasing the sterling value of payouts from London-listed companies by almost 6 per cent this year, according to a widely-followed industry report by fund administration group Link.

“The exceptional weakness of the pound [has] enormously flattered the figures,” said Ian Stokes, managing director at Link Group. “As the dollar has soared in value, the translated value of dollar dividends has received a boost.”

Around two-fifths of UK-listed businesses declare their dividends in dollars or euros. Those income streams are now worth much more than they were last year, as the value of sterling has slipped to multi-decade lows.

The fall in sterling over the longer term stems partly from the dollar’s ascent. The greenback has been propelled higher by the Federal Reserve’s aggressive tightening of monetary policy this year. Higher interest rates typically draw in foreign capital as investors seek out more attractive returns.

The dollar has also been supported in recent months by its traditional status as a haven asset during times of economic and market stress.

But a weak pound also reflects investors’ worries about the future trajectory of the UK economy.

Still, a weaker currency does offer some silver linings for British investors. Sterling-based investors who own overseas assets, such as US stocks, have seen their portfolio hold up better during this year’s market sell-offs as the value of foreign assets increases in pound terms.

Dividend payouts — a crucial source of income for many retirees, pensions and charities — are another area where a weaker pound can be helpful to shareholders.

Companies like Shell and HSBC, which generate substantial overseas revenues, denominate their payouts to shareholders in dollars. But for investors who opt to take payment in sterling, the exchange rate uplift totalled £1.9bn in the third quarter, according to Link, which forecast a larger boost in the final three months of the year.

“On current trends, the boost in the fourth quarter is likely to be even larger and will bring an exchange-rate impact for 2022 roughly as big as during the global financial crisis,” Stokes said.

Link upgraded its forecast for total dividend payouts from companies listed on the main market of the London Stock Exchange, excluding investment trusts, to £97.5bn, an increase of 5.5 per cent from last year, supported by currency effects and higher payments from banks as well as oil and gas companies.
But UK payouts remain lower than pre-Covid levels, as many businesses took the opportunity during the pandemic to reset the amount of cash they return to shareholders.

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