I did the same last year. Isa over the phone. Transfared from my trading account to a Isa account. In shares already bought. It shows up a couple of days later. I have done the same today with just over 1 mill. Let you know when it shows up. Cheers zeps
could be higher production therefore that's why i say 10% is conservative workers could well be on a bonus to get gas out a quick as possible as FRR knows what money that was raised for doing infrastructure , piping and production gives them a certain amount of time , so they could be rushing to get as much gas out as possible in 2 months before june and the news dates coming up !!
You watch. Quick rise last week , back to where it was. Placing coming you bet ya bottom dollar. Seen this type of action just after good news before. I feel it in my water. I should have sold at .76 with a small loss. And buy in. At this low sp bad mistake on my behalve.
Many thanks for the calc's mate, my maffs is pants and have ploughed my hard earned in here over the past 2 1/2 years based on research, Block 12 potential, gut instinct and a good helping of advice and knowledge passed to me from the Usual Suspects on this bb :-) Tis a shame FRR doesn't employ you and many of the other good folk who post here because if they did the SP would look a whole lot better than it does this evening! Imagine if FRR employed Bugsy in the PR Department for example and Coggy as their resident Chaplain - the SP would be in the pennies through diligent scouring on the tinternet to find key words and events to use in RNS's and protected by the big man upstairs (not that I'm religious, far from it). Ok time to visit the fridge, pour an ice cold one and settle down to watch my beloved Sunderland away to Spurs - we need minimum a draw (pretty please :) ATVB. VW
10% is what Rockhopper publish use in their annual accounts (I think).
When I was researching I think the industry standard was to use between 8% and 23%, depending on what stage the company was at. My personal opinion would be that 10% is too low as there is still a lot of risk in the overall company, but 18% is probably on the high side. Just used those two figures as potential examples, so agree with what you are saying about the sp.
I used the first option available to me and the easiest which was to Bed & ISA online. As you described my sell and buy were done at the same time literally.
My transactions show up on the shares traded section here on lse. My last transaction was for 4k and in total I've only "lost" 66k shares which equates to roughly £400 which isn't too bad a thing considering the potential savings!!!
Assuming the £3.1m is received annually in perpetuity without any growth, then the net present value of the cash flow at both a 10% and 18% rate of return is calculated* as follows:
10%: £31.0m 18%: £17.2m
Assuming roughly 2.5bn shares in issue, and assuming nothing else changes, then the above should increase the share price as follows:
10%: 1.24p per share 18%: 0.69p per share
Obviously this is a rough estimate and doesn't take into account admin costs etc, but these were being paid anyway prior to the production RNS, so I would still have expected a substantial rise on where we were trading last week.
------------------------------------------------------------------------------------------------------------------------ *note for those who are interested, the calculation for a perpetual investment is as follows:
NPV = (annual cash flow) / (required rate of return)
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