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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


Global Pet. Share Chat (GBP)



Share Price: 1.625Bid: 1.50Ask: 1.75Change: 0.00 (0.00%)No Movement on Global Pet.
Spread: 0.25Spread as %: 16.67%Open: 1.625High: 1.625Low: 1.625Yesterday’s Close: 1.625


Share Discussion for Global Pet.


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wraith
Posts: 4,430
Off Topic
Opinion:No Opinion
Price:1.625
RE: re GBP
Tue 14:52
Your welcome Weissy,... would be nice to get some good news here on the attractive assets mentioned, now things appear to be looking up.

BW
 
Weissy
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.625
RE: re GBP
Tue 13:35
Thanks wraith. Nice bit of news. Note i pinched and put on the Trin bb.
Thanks
wraith
Posts: 4,430
Observation
Opinion:Hold
Price:1.625
RE: re GBP
Tue 05:12
Sanibel,.. this FT Article dated February 6, 2017, gives some encouragement on the Oil Price outlook;-

Oil futures
Hedge funds make record bet on rising oil prices
Investors back Opec’s supply cuts and seek protection against risk of inflation;- https://www.ft.com/content/a74ca966-ec77-11e6-ba01-119a44939bb6

With the Oil Price Outlook improving I'm hoping good progress is being made, with the attractive assets mentioned, materializing into a key investment sooner rather than latter,....they'v had plenty of time to assess what's on Offer, so I'm looking forward to having sight of the attractive assets mentioned, in the form of an acquisition made by GBP.

BW
CV7Blue
Posts: 404
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.75
Weissy
16 Feb '17
I couldn't have worded that any better ...
Money grabbing directors who just sit on there arses collecting big salaries.
Weissy
Posts: 2,845
Off Topic
Opinion:No Opinion
Price:1.625
RE: re GBP
25 Jan '17
I think the gravy train will continue to roll on. Lets hope with the poo upturn that they actually make use of the cash instead of ******* it up the wall on ludicrous salaries and sitting on hands. Plenty of distressed sellers still that they could have invested in already. Just my opinion of course.
wraith
Posts: 4,430
Observation
Opinion:Hold
Price:1.625
RE: re GBP
25 Jan '17
They indicate;-

" We have continued over the latter period to engage with counterparties holding what we consider to be attractive assets, and remain confident of making a key investment in due course."

that does not read as soon to me.

BW
Sanibel
Posts: 3,106
Off Topic
Opinion:No Opinion
Price:1.625
re GBP
25 Jan '17
I hope you are right and if so something should be happening soon as oil is predicted to rise.
wraith
Posts: 4,430
Observation
Opinion:Hold
Price:1.75
RE: GBP
25 Jan '17
Sanibel,.....Management at GBP in my view to date, have been correct in taking a cautious approach regarding asset acquisition, ........they have come through the Oil Sector downturn very well, Cash in tact at the right time, ready to take advantage of an upturn (ie: Investing in an asset at the right time in the cycle).

BW
Sanibel
Posts: 3,106
Off Topic
Opinion:No Opinion
Price:1.75
GBP
25 Jan '17
Yes but exactly what is this company actually doing ?
wraith
Posts: 4,430
Observation
Opinion:Hold
Price:1.75
RE: GBP
25 Jan '17
GBP appear to be in a very strong cash position,..... from yesterdays RNS dated Tue, 24th Jan 2017;-

"Business Development

The ability to raise the finance necessary for funding asset development following an acquisition has remained challenging in the context of the relative slump in the commodity price since 2014. However, oil prices increased in the latter part of 2016, and market conditions for E&P financings have shown some improvement recently.

Global remains in a strong cash position in comparison to many of its peers, and is thus well placed to fund work activity on its Namibian acreage, its Italian application interests (subject to award), and to implement a change of focus through acquisition. We have continued over the latter period to engage with counterparties holding what we consider to be attractive assets, and remain confident of making a key investment in due course."

BW




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