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Amerisur Share Chat (AMER)



Share Price: 62.00Bid: 61.00Ask: 61.75Change: 0.00 (0.00%)No Movement on Amerisur
Spread: 0.75Spread as %: 1.23%Open: 61.75High: 62.50Low: 60.50Yesterday’s Close: 62.00



Share Discussion for Amerisur (AMER)


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Muel
Posts: 2,671
Off Topic
Opinion:No Opinion
Price:53.50
View Thread (2)
RE: Muel
17 Apr '13
Yeah good point. You may see a better return with Giles Clarke's other venture ..Ironveld (IRON). I'm not in there yet but production of 1mln tonnes of pig iron would bring revenue of over $300mln (so over $200mln per annum) Current market cap £15million ...that's undervalued ! Got to get over a few hurdles to production first I imagine. But their recent admission to aim raised £3m in 2012 so cash in the bank shouldn't be a problem yet.
 
bluevan
Posts: 228
Off Topic
Opinion:No Opinion
Price:53.50
market cap is
17 Apr '13
share price times shares in issue ,
Yantan
Posts: 542
Off Topic
Opinion:No Opinion
Price:53.00
View Thread (5)
RE: Looks extremely good to me but ..
17 Apr '13
Chinas growth 'turning down' doyou mean 7.88% growth? with their size that is still a lot of extra commodities which will more than make up for USA fracking do you not think? Though I take your point that they need to increase revenue. How much above7000 could they produce without the export limitations?
Laureate
Posts: 2,338
Off Topic
Opinion:No Opinion
Price:54.00
Phsar
17 Apr '13
Talk about putting a dampner on things! Don't forget this is oil 'exploration' here. Revenue's great, but it's not a true indicator of value. 2P reserves of 30MMBO on one productive field, plus potential for circa 900MMBO on 3 other sites... 80% of which is in Paraguay (where the FARC will be doing bloody well to be that loose). Add to that, World leading Chair and CEO and there you have your market cap.

By the way - I assume you are going to sell out completely having done your calculations? Or do you not hold here in the first place?
PhsarKandalPP
Posts: 68
Off Topic
Opinion:Strong Buy
Price:54.00
View Thread (5)
RE: Looks extremely good to me but ..
17 Apr '13
Could well be, Mule. Let's see if the market anticipates your insight.

Let's see again: SP of 20p reduces market cap to around £220M (with a revenue of $42m).

Or maybe £100M makes AMER's value more comfortable and less ridiculous.

In which case, SP will settle around 8p.

Could be about right. After all, oil's less than $100 pb these days and maybe heading to $90 or even $50. There's all that cheap fracking in the US of A. China's turning down - and FARC's still on the loose. ;-)
Laureate
Posts: 2,338
Off Topic
Opinion:No Opinion
Price:54.00
View Thread (2)
Muel
17 Apr '13
Correct - one for the long term. Thought with fully funded developments in 2013, I still plan on seeing a steady rise on my investment in the short to medium timeframe.
Muel
Posts: 2,671
Off Topic
Opinion:No Opinion
Price:54.25
View Thread (2)
RE: muel
17 Apr '13
That's very optimistic Laureate and I see your point, but this market doesn't seem to take that into account. Or maybe it's just the AIM market..with SKR (feasibility study showing a resource value of $22billion) market cap of £25 million haha (very different comparison there, they have a lot of costs to occur before any production).

Great long term hold here then??
Laureate
Posts: 2,338
Off Topic
Opinion:No Opinion
Price:53.50
View Thread (2)
muel
17 Apr '13
I'm rather hoping the issue with revenue is a short term one. Once we can get the oil to market (barges and pipelines both in the offing) and stop choking back the wells, then AMER will start to show its true colours. I see the market cap as more reflective of the huge potential here, rather than current production figures.
Muel
Posts: 2,671
Off Topic
Opinion:No Opinion
Price:52.50
View Thread (5)
RE: Looks extremely good to me but ..
17 Apr '13
Does that not make a market cap of £544mln with a revenue of $42mln look ridiculously overvalued right now?
Laureate
Posts: 2,338
Off Topic
Opinion:No Opinion
Price:52.50
Jake
17 Apr '13
I really don't know! That's the exciting thing about it. With a 6 fold increase in eps our P/E has dropped massively. Problem is I am too new to this game to know where this could go. Based on past performance, though, and future potential (which is huge with a capital H), it is not one that I am going to be selling out of in the short term; so rises over the next few days are slightly academic (barring the fact they will give me some money to put into SRT and possible APC... and possibly IRON... happy days!). I still reckon it could do 20% today...it has a very firm band of followers hwo have been in and out.



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