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Check out the new web site. Looks great and shows a real commitment to start growing the company and the share price.
Perhaps they have intention t? play in a new role apart from petroleum (but at least included) like renewable ie wind, voltaic etc.?
For this reason they want to delete the "petroleum" from the title using a new name though...
I guess 'Energy' rather than 'Petroleum' is more appropriate?
???? name change ??? any concerns ??? not much detail
$35m impairment reversal was due to the reserves upgrade back in 2018. Its accounting and signed off in the audit
That announcement regarding reversal was made in April 19. Old news not weighing on share price. Like JKX the main issue has probably been the low gas price.
"Crazy no value attributed to its assets lol" - if you believe those asset values... do you believe the reversal of the $35m impairment is legitimate?
Gas up 10% today aswel.
"Since the deregulation of the gas supply market in Ukraine in October 2015, the market price for gas has broadly correlated to the price of imported gas, which generally reflects trends in European gas prices."
Crazy no value attributed to its assets lol
Must be the most undervalued stock in the O&G sector. Must be a desperate seller in the background.
yep no trades for a couple of days and bang springs to life(downwards!)
What time frame for 40p?
What the fk is going on with this sp 9 A trades in the last minute to force the price down .
How risky is it for Regal to be owned (54%) by Ukrainian billionaire and politician Vadym Novynskyi?
The reversal of a $35m impairment is highly unusual... I'm wondering whether someone had a gun to their head while they "reconsidered" the impairment...
Yes we know the state of oil but with a decent amount of cash building up where should we expect to see the SP/ M cap
40 sp is where I’d expect
Has the worm started too turn at last.
turned up.
lets hope we have some realism brought back to the SP
IMO Baron tends to only sing when he's winning.
WTI, JKX, RPT, PDL, ALM and many others have not done so well.
I've noticed he's removed the tickers of his holdings on his twitter page - it was probably a cause of embarrassment.
A much-hyped balance sheet analyst who doesn't necessarily understand the markets of the stocks he promotes. IMO.
on the rise,
JKX on the rise
RPT dormant.
He posted 18th March
When was this?
And I must say @barondaytrading knows his stuff.
I suspect that with #RPT trading at such a discount to cash ($63m/£52M cash vs a £34M market cap)whilst boasting one of the cleanest balances sheets out there (not just no debt but a 15x multiple on *current* assets/liabilities and 14x assets/liabilities, it returns to radars
I really don’t get it cleanest balance sheet you will see. Suspect lack of share buybacks, no div, director’s not putting hands in pockets doesn’t help. But really has to be a target has to be a takeover target down here.
Very quiet time on this board and trade wise. Just the one today
What are people’s thoughts on this and a takeover
Held for a year or so up to the 60s but didn’t sell out ..
Cash pile building nicely here but I’m not sure there’s much going for us at the moment