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RKH Share Chat - RSS Feed

Rockhopper Share Chat (RKH)



Share Price: 56.00Bid: 55.25Ask: 56.00Change: 0.00 (0.00%)No Movement on Rockhopper
Spread: 0.75Spread as %: 1.36%Open: 54.50High: 56.00Low: 53.25Yesterday’s Close: 56.00


Share Discussion for Rockhopper (RKH)


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cookiecrew
Posts: 6,527
Off Topic
Opinion:No Opinion
Price:96.00
View Thread (3)
RE: mVesting
9 May '14
Totally agree with your take on government not turning there nose up,I honestly think they will be quietly throwing money in here and FOGL to make sure it comes to fruition in the coming years think of the revenue they will recieve !!
 
jaskk
Posts: 74
Observation
Opinion:No Opinion
Price:96.25
View Thread (3)
mVesting
9 May '14
whilst I agree with your NAV on cash in the bank, this doesn't take into account the known reserves of which Premier Oil paid $1 billion for 60 percent. That to my mind values the remaining 40 percent at $666 million which at an exchange rate of 1.68 is about £397 million. If you add that to the £195 million you get £592 million which is twice the current market cap. This also doesn't take into account any exploration upside, which could be significant. So at the moment we are very cheap compared to NAV. The last valuation was for it to cost $5.2 billion for phase 1 which consists of extracting 293 million barrels which gives a break even cost of circa $17.75 per barrell !!!! I m sure the UK Government with its massive debt pile wont be turning its nose away from that tax take, especially if Scotland leave the UK and with oil price likely to rise in the years to come
mVesting
Posts: 146
Observation
Opinion:No Opinion
Price:96.75
£275 vs £219
9 May '14
Not one to post much or interact, mainly just sharing my opinion, useful as it may or may not be.

It is quite clear of the potential of RKH as a company but at this price there are two additional positives for investors:

- Market Cap = £275m, NAV = £220m of which £195m is cash (rough (but accurate enough) figures depending on source)

1 = Downside is in reality limited to 20% (which is the NAV) or worst case 30% (which is the cash) - This may be quite a drawdown for some but it is unusual to have this guarantee with many investments, even more so in a company with great potential (and let's be realistic RKH is mainly about potential at present)
2 = This makes RKH very attractive to a bid approach

Yes = I am invested from 97.5

I know I am maybe pointing out the obvious, but I have not seen this posted here after a quick scan of the chat, just thought this may help others.
lizzardchipzz
Posts: 2,020
Answer
Opinion:Strong Buy
Price:96.75
View Thread (3)
RE: Blue day
9 May '14
tfish ... I think you misunderstood, I'm very bullish here ...

Bagged a load more today at sub £1 ... Last time I bought sub £1 was at 44p pre discovery.

What a journey 1st time round ... "Oh happy days" as a poster used to say at the time and still does I think!

Not sure you'll get another chance at buying sub £1 after the weekend
tfish
Posts: 2,316
Off Topic
Opinion:No Opinion
Price:96.75
View Thread (3)
RE: Blue day
8 May '14
We wont see £1 again eeeh Lizzy?
lizzardchipzz
Posts: 2,020
Observation
Opinion:No Opinion
Price:96.75
View Thread (3)
Blue day
8 May '14
Back on track for the excitement next week ...

All aboard, the train leaves shortly ...
Dezzatheflash
Posts: 40
Observation
Opinion:No Opinion
Price:96.75
Have a look at the II bb. V
8 May '14
interesting stuff. Surprised to see nothing about it here but its in essence looking like good news ....so cheer up fellas....and top up. Ta ra
lizzardchipzz
Posts: 2,020
Observation
Opinion:No Opinion
Price:95.75
wow
7 May '14
Didn't expect such a sell off with rig news in the pipeline ...

Will be having a few more tomorrow ... sub £1 it seems!!
jaffas
Posts: 229
Off Topic
Opinion:No Opinion
Price:95.75
How low
7 May '14
Didn't think I see it this low,, I'm invested I here not good
tfish
Posts: 2,316
Off Topic
Opinion:No Opinion
Price:98.00
RKH
7 May '14
New Broker rating of HOLD.





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