This FTSE 250 stock is down 85%. Is it the next Sirius Minerals?

first_img Roland Head | Wednesday, 4th March, 2020 | More on: TLW Simply click below to discover how you can take advantage of this. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Addresscenter_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. This FTSE 250 stock is down 85%. Is it the next Sirius Minerals? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! North Yorkshire potash miner Sirius Minerals has been a crushing disappointment for its shareholders. Many small investors have been left nursing painful losses.Today, I want to look at another popular FTSE 250 resource group, Tullow Oil (LSE: TLW). A chain of operational and financial problems have caused the Tullow share price to fall by 85% over the last year. At a last-seen price of about 34p, TLW stock is now trading close to its all-time lows. Are the shares a bargain, or could this company be the next Sirius Minerals?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…One big differenceThere’s one big difference between Sirius and Tullow. Sirius has no revenue and needs about $3bn to start production. By contrast, Tullow Oil is expected to generate revenue of about $1.6bn in 2020, netting a profit of $132m, according to City forecasts. Based on this figure, Tullow shares trade on just five times forecast earnings.That certainly looks cheap. My only concern is that it might be too cheap. Is the market telling us something?Debt problemsUnlike Sirius, Tullow was able to borrow money to develop its big assets, the Jubilee and TEN oil fields. The only problem is that now these fields are in production, they aren’t producing as much oil (or cash) as expected.The group’s free cash flow fell from $390m to $350m in 2019. This gives us a rough measure of how much debt Tullow can repay each year. The only problem is that in 2020, free cash flow is expected to fall to just $150m.Tullow’s net debt was $2.8bn at the end of 2019, down from $3.1bn at the end of 2018. However, with production and cash flow expected to fall in 2020, cutting debt further could be more difficult.Investors who own the firm’s bonds — or loans — are starting to price in the risk they won’t get all of their money back. Tullow’s bonds currently trade at 20-30% below their face value. If the firm’s troubles worsen, investors who own these bonds will have first call on the firm’s cash and assets. Shareholders will be at the back of the queue.What I’d do nowAlthough I don’t expect Tullow to go bust, I do think shareholders could face another cash call. This could see shareholders face significant dilution and further losses.In my view, anyone buying Tullow shares today is effectively betting that the price of oil will rise significantly. This would probably bail out the company and provide a much-needed cash boost. However, from what I can see, there’s no good reason for the price of oil to rise much above $60 at the moment.I see Tullow shares as a high-risk punt that’s best avoided. For exposure to oil, I’d much rather buy shares in the oil majors. BP and Royal Dutch Shell both have diversified operations and much stronger finances than Tullow.Despite this, the market sell-off has left both of these London oil giants trading on around 10 times forecast earnings, with a dividend yield of around 8%. In my view, this is probably too cheap.I bought more Shell stock for my portfolio last week. I believe the shares are likely to recover once the coronavirus outbreak moderates. BP and Shell both look like buys to me at current levels. Roland Head owns shares of Royal Dutch Shell B. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Roland Headlast_img read more

Speech: Condemning Russia’s use of force on Ukrainian vessels

first_imgThank you Mr President. May I just start by saying that I was disappointed by the Russian Representative’s explanation of vote in the previous round, as he himself stated he did not actually make an explanation of vote, but a substantive statement. In so doing Russia showed contempt for the Security Council and its Members by not accepting a procedural vote by this Council. Russia has regularly discussed Ukraine here under a different agenda item. In this instance Russia deliberately chose a provocative title for the meeting which they knew they would lose. I ask myself why. And I assume that Russia knows how weak its position of substance is and so hoped to turn attention on process and play victim.Well, it will not work Mr President, because yesterday – by Moscow’s own admission – Russian vessels opened fire on and seized three Ukrainian vessels approaching the Sea of Azov. We are deeply concerned about the six injured Ukrainians and 23 Ukrainians who have been detained by the Russian Federation and we call for their immediate release.Mr President we condemn Russia’s deplorable use of military force. This further demonstrates Russia’s ongoing contempt for Ukraine’s sovereignty and territorial integrity and its contempt for the global rules-based international system which this organisation serves to uphold. It follows on from Russia’s illegal annexation of Crimea in 2014 and its construction of Kerch Bridge in May this year which constitutes a further violation of Ukraine’s sovereignty and territorial integrity.Yesterday’s action follows months of Russian harassment of international shipping in the Sea of Azov, presumably aimed at destabilising the Ukrainian economy. Russia’s actions are not in conformity with the United Nations Convention on the Law of the Sea and the 2003 Russia-Ukraine Bilateral Agreement which provides for freedom of passage for each state’s vessels in the Sea of Azov including military ships. Russia’s actions must stop immediately. International shipping must be allowed free passage in the Sea of Azov. All parties must exercise restraint.Mr President we have seen this game before. Russia wants to consolidate its illegal annexation of Crimea and annex the Sea of Azov. Russia seems to hope that the international community will simply acquiesce and accept this as a new reality. Well we will not. The United Kingdom’s position is clear: we do not and will not recognise the illegal annexation of the Crimean peninsula by Russia.The General Assembly made its position clear in its resolution of the 27 March 2014 and we continue to fully support Ukraine’s sovereignty and territorial integrity within its internationally recognised borders and territorial waters. This is why on 31 July the European Union sanctioned six new entities in connection with Russia opening the Kerch Bridge. We continue to work closely with international partners to ensure that sanctions remain in place as long as Russia’s control of the peninsula continues.Russia’s illegal annexation constitutes a deliberate violation of a number of international agreements and commitments including Article 2 of the United Nations Charter, the Helsinki Final Act, the Budapest Memorandum and the 1997 Russia-Ukraine Treaty of Friendship. But this is just the start. Russia’s actions are also causing human suffering. Appalling human rights abuses in the Crimean Peninsula continue with the widespread persecution of minority groups such as the Crimean Tatars. The Crimean Tatars face regular harassment and risk arrest, detentions and threats to seize their property. They have had their rights of worship, assembly and expression restricted. The Crimean Tatars are not the only people suffering at the hands of Russia. Anyone who expresses even mild discontent or voices their opposition to this illegal annexation risks being charged with extremism and given a lengthy prison sentence, forcing many into exile. Russia continues to ignore calls by the General Assembly for the United Nations High Commissioner for Human Rights to visit Crimea.Mr President we remain clear in our support of the rules-based international system which Russia continues to flout. Russia must not be allowed to rewrite history by establishing new realities on the ground. But this is sadly not the first time Russia has indulged in such reckless and provocative acts this year. Russia was responsible for a chemical weapons attack on British soil and its agents were caught red-handed in The Hague. Russia has steadily increased tension in the Sea of Azov and has now – by its own admission – fired on Ukrainian ships, injuring sailors on board. These are not the actions of a responsible country dedicated to the maintenance of international peace and security and to upholding the United Nations Charter. As my Prime Minister recently made clear, like others here today we remain open to a different relationship with Russia: one where Russia desists from these attacks that undermine international treaties and international security and desists from actions which undermine the territorial integrity of its neighbours and instead acts together with the international community to fulfil the common responsibilities we share as Permanent Members of the United Nations Security Council. And we hope that the Russian state chooses to take this path. However, Russia’s actions over the weekend do not give much ground for hope.Thank you Mr President.last_img read more

As Gait’s 1st ‘blue chip’ recruit, Tumolo living up to hype for SU women’s lacrosse

first_img Comments Published on March 10, 2010 at 12:00 pm Michelle Tumolo had narrowed her search down to two schools. As one of the top lacrosse recruits in the country, the senior attacker from Clearview Regional (N.J.) High School was deciding between Syracuse and Penn State.She was looking for a school with a nationally recognized athletic program. Both universities fit that criterion. She wanted a school that was far enough away from her Mullica Hill, N.J., home for privacy but not too far that it was in a new time zone. Again, both universities fit the bill.But then something hit her. No. 8 Syracuse (3-1) had something to offer her that the Nittany Lions could not.Gary Gait.‘I basically looked at SU and said to myself that it would be weird if I gave up this opportunity to play for (Syracuse head coach) Gary Gait.’AdvertisementThis is placeholder textLuckily for Gait, Tumolo passed on State College, Pa., and opted for Syracuse. So far this season, the freshman has lived up to the hype that accompanied her.Through four games, the 5-foot-4 attack is second on the team in points with 21. She has scored six goals and dished out a team-leading 15 assists. And after her first two games at the collegiate level, Tumolo was named Rookie of the Week by WomensLax.comNot a bad start to a career.Senior attack Halley Quillinan had the opportunity to play with Tumolo this past summer, and the senior was immediately impressed. Though Quillinan had heard about the kind of player Tumolo was, it wasn’t until she saw her in action that it really sunk in.‘The minute I saw her play in August I was excited that she was going to be a part of the team,’ Quillinan said. ‘I knew she was going to be a special player, and she’s just scratching the surface of her potential. She’s one of the best attackers in college lacrosse right now, and that’s pretty spectacular considering she’s only a freshman.’Tumolo’s effect on the Syracuse lacrosse program stretches far beyond her goal and assist statistics. From a long-term perspective, her signing is a part of the direction that Gait hopes his team is heading in.SU’s legendary head coach has said on numerous occasions that Tumolo was his first blue-chip recruit signee since he returned to Syracuse three years ago. Tumolo was ranked the No. 4 high school prospect by Inside Lacrosse coming out of high school. And he believes that he can continue to build from there.‘Everybody sets goals, and I have a goal every year to have a Top 10 recruit,’ Gait said. ‘Michelle is the first, and I think our next class certainly has that same level of player coming in. And I’ll look to continue that every year.’For the time being, however, Tumolo is making her presence felt on the field. As one of the key components to the team’s offense, she bears the responsibility of complementing both Quillinan and senior attack Christina Dove, one of the most successful scorers in the program’s history.But even with her immediate success, Tumolo remembers why she chose to spend her collegiate career at Syracuse. And she remembers that not just anybody believes that she can get the job done.One of the all-time greats believes that she can.‘It’s a really good feeling to hear (Gait) talk about me and have confidence in me,’ Tumolo said. ‘Because I’m only 18 and a freshman, it’s a great feeling to know that he believes in me. I just take it as a compliment and know that I can’t let him down.’[email protected]center_img Facebook Twitter Google+last_img read more

Video: Stephen Curry on difficulty of winning a closeout game

first_img[vemba-video id=”van/sc/2019/04/25/bang_d1cc6ea0-3556-4bd5-88ec-5ebdfbe5407b”]Closeout games aren’t easy. Stephen Curry can attest to that, having been through several of them.At a postgame news conference, he said they require a continuous focus that the the Golden State Warriors lacked Wednesday night in Game 5. He discussed what the team needed to do going to Game 6 in Los Angeles and even said that he was willing to go the distance to close out the series.The Warriors’ first-round …last_img read more

Maybe our best start in the last few years Lloris

first_imgAccording to the France national team captain and Tottenham Hotspur goalkeeper, his team is playing football very wellTottenham Hotspur is currently sitting in the fourth position of the English Premier League with 27 points.The Spurs is just 5 points away from leader Manchester City.And for France national team and Tottenham goalkeeper Hugo Lloris, this might be the best start in the last couple of years.Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“At the moment in the league, we are in a good position. It is maybe one of our best starts of the last few years,” he told Goal.“We are in a good position and we need to carry on in the same way and try to improve the way we play.”“We are still competitive and we will be ready for top four challenge,” he added.last_img read more

Mourinho unsure about new January signings

first_imgManchester United manager Jose Mourinho had admitted that he has no idea if the club will provide funds for him to spend in the January transfer window.After having been under intense scrutiny for United’s poor to the season, Mourinho would have loved to bring in reinforcement in January to strengthen the squad.But the Portuguese boss who has had a strenuous relationship with Chairman Ed Woodward has revealed that he not sure if he will have money to spend.“I don’t know. I don’t know if we are going to have new players – I would like to – but I don’t know if it is possible or not,” Mourinho told Sky Sports.harry maguire, manchester UnitedMaguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…“It depends on the club. I don’t know and, honestly, I’m focused on my job of playing Liverpool and next week playing Cardiff.“I’m not frustrated because my work is to demand from players that they give everything they have and what I demand – I only demand things that I can give myself.“So what I ask the players to do – that’s what I do. You have to work hard, you have to work on your limits. It’s my job.”last_img read more