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After such a great RNS late last Friday anyone care to explain why this has hardly moved up.
Luck counts When you say “trapped PIs like you”... that led me to ask what averages fellow investors invested at? And what sort of exit price you’d be looking for ? Question is open for anyone
Yes newkotb I like the fact that institutional investors own a significant chunk ! There’s a positive and negative side to that though... if the II wanted out, then the share price will get absolutely mauled! ! One other thing I don’t like is the fact they are looking for a new ceo! Why not just give the job to Allan Booth? He is 1st class!! If anyone can get Ophir sold at a premium it’s him!
The market just wanted to mark OPHR down on uncertainty and probably knew about the Santos deal so wanted in at lowest price.
Proposed Santos deal, now announced, we will see a swift return to high 40's.
Don't forget the top 10 shareholders as at end June 2018 held +60% of the shares. Standard Life have already shown their support by increasing their holdings significantly several time in the past few weeks. I'm sure we will see others follow their lead.
If someone knows why the market is punishing OPHIR so much, let me know ( answers on a post card) ! Surly it can’t be due to dissolving one LnG and delays with Fortuna! The market doesn’t care about that asset and is valuing it at ZERO!
I’ve been reviewing presentations, RNSs and annual reports and something just doesn’t add up! Everything I have read makes this company way too cheap ! Comparing it to it’s peers it’s cheap on every single metric (2P, 2C, production, revenue, cost per bbl etc etc )! Why on earth is a company with these assets trading at less than £300 million? This makes me feel uneasy and concerned! Unless there is something we haven’t been informed out ! Usually when something falls this relentlessly, there’s usually something rotten in the state of Denmark!
Worth reading the CPR for the Santos deal.
Once passed at the General Meeting we should build back to the 80p range by Q1 2019.
In the mean time, a swift return to the high 40's is nailed on imo.
http://tools.morningstar.co.uk/tsweu6nqxu/globaldocuments/document/documentHandler.ashx?DocumentId=179922565
To me this looks like a good deal and finally a step in the right direction.
Just started looking into OPHR this morning and whilst looking at the management team noticed that a certain ALLAN BOOTH was running the show ! I have very happy memories from the Encore days ! Allan made me a very happy investor ! I held the share for less than 6 months and more than doubled my money! This guy is an industry veteran, deal maker and a very shrewd operator!
Good news for you Nk
Nearly hit my 40p friday
Any way good luck
NHF
Excellent RNS,looks like the climb back north has begun.
Had Ophir when it listed and I made decent money around the £5-6 region !! Haven’t followed the company since but looks like a history of bad performance, poor management and under delivery has completely destroyed the company ! Now trading at less than 10% what I sold for, I’m tempted to have a little punt! Will do some research over the WE and may be go for some next week! Can someone give me a brief synopsis of how we got here to get my research started ? Cheers
Sold, give up, piece of sh*t. Hope it goes up for those left in
Pretty much lost for words. Will this ever stop dropping.
"This is relentless!..."
Cool peeps, down only 0.29%.
Return to high 40's soon.
Just added a few more.
This is relentless!
Cant say any more
How true , or will be removed
I have just had a warning message, ha ha , for posting the truth,
Very immature moderators
Hope your post is not removed mate
Think you defo got it right
Can not say any more
The lack of anything from the Board is unbelievable, I'm not sure what to make of it? It is almost borderline dodgy. Are they trying to drive the share price down so they look more appealing for suitors? It's been 3 months since they mentioned Santos and still nothing, very weird.
Agree.
Although they are still getting paid.
I think the best option is for shareholders to contact the major shareholders and ask them to make the changes, if not why not.
At what point if and when this useless bunch of management step up and do something or say something. How much does this have to drop each day until they have to stop and intervene. I realise me moaning wont have any impact but this is bordering on incompetence now
China plans to pour almost $7 billion into floating liquefied natural gas (FLNG) projects in Africa, betting on a largely untested technology in the hope that energy markets will recover by the time they start production in the early 2020s.
Western banks are wary due to the depressed state of the shipping and gas markets, as well as the technical difficulties of pumping gas extracted from below the ocean floor, chilling it into liquid form on a floating platform and transferring it into tankers for export.
China, however, is making a strategic push into FLNG, aiming to become the lowest cost seller of the complex floating plants and lead the global rollout of a technique that remains in its infancy, with only one project in commercial production so far.
The country needs gas as a cleaner alternative to coal under a drive to improve air quality in its cities, and has already lent $12 billion to Russia's conventional Yamal LNG project in the Arctic as U.S. sanctions scared away Western banks.
It has also lent or committed almost $4 billion to three FLNG schemes off the African coast. In two more African projects costing a total of $3 billion (2.36 billion pounds), it plans not only to provide the funding, but also build the production platforms.
"We see a real commitment to FLNG in China both from the construction side and from the LNG consumption side where decreasing costs mean potentially lower cost LNG," said Steve Lowden, chairman of Jersey-based NewAge which is planning FLNG projects off Congo Republic and Cameroon.
China already dominates the global market for solar panels and is a major supplier of coal-fired power plants, aided by easy money, cheaper labour and state support.
Now, with Beijing pushing President Xi Jinping's "Belt and Road" vision of expanding trade links between Asia, Africa and Europe, it is turning to FLNG to bring high technology work to its shipyards and create jobs - a strategic priority.
FLNG is also attractive to resource-rich but debt-burdened African countries. Projects can sail into place, drop anchor, and begin exporting for much less than the cost of onshore plants, the price of which quadrupled in the decade to 2013.
That, at least, is the theory. The reality is that the technology remains complex. Royal Dutch Shell's (RDSa.L) mammoth Prelude FLNG plant, for example will be aboard the world's biggest floating structure, but must squeeze the equipment into a quarter of the space occupied by an LNG plant on dry land.
Wave motion and ocean currents add to the difficulties.
The $12.6 billion Prelude project, which is due to start operating off Australia in 2018, is typical of those conceived during the era of high energy prices. However, spot LNG prices have fallen 70 percent since early 2014 and are expected to remain under pressure or drop further due to extra supply from new conventional plants in Australia and the United States.
Despite this, some producers and buyers are ba
Bounce just off 40p imo, then back to high 40's
what a piece of s**t this dog of a company is. More fool me for holding
I think the way the price has dived over the last few months, it has us a bit paranoid now!
The way I see it going now is once Santos deal is done we will see a turn around in the fortunes of Ophir?