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There are many many exceptions to this logic. Future earnings rather than revenue are the key hence the depressed share price as they are unfairly in my opinion being held under too much scrutiny.
A Lancaster 8 well and maybe more (WoSPS for example) plus some confidence in the EPS wells in their current state re water etc at EPS can change that future earnings view.
Questions are will they (8 could be a duster - sorry just saying) and when.
Agree with that. Revenue by itself is pretty meaningless. For me profit is the only realistic comparative.
A business can reduce its prices to below cost. It will no doubt increase revenue, possibly spectacularly, but wont make a profit
What is the point of comparing revenue to MCap? What does it show? A similar comparison is that Tesco has revenue of around £52 Bn but a MCap of circa £23 Bn.
If you want to make a comparison then perhaps try Op Cash Flow, EBITDA or operating profit.
The depressing thing is that I have to make a £3.5k capital loss between now and 5th April to avoid breaching my gains exemption for 2019/20 in my non ISA account. Yep, HUR is my only candidate! I have a s104 carrying cost of 29p in my non ISA HUR holdings so wont be hard! Would like to sell at a price meaning I have made a profit on my latest purchases (14.6p & 16.8p), if only for psychological reasons.
Haggis
'may yet be revisited in future'. That seems remarkably pessimistic, I hadn't realised there was any doubt. Have I missed something?
Black Hopper - very sound summary of where we are and why. I am 1 of the LTH who never foresaw the SP crashing to these levels, but have been able to average down by topping up at these bargain rates.
Good things come to those who wait!
Agree - it would be insane to sell at current prices before the common market day.
Share price should be at least 30-40p (last 9 months production and ramp up to 20K bopd are massive positive).
In addition Lincoln / Warwick may yet be revisited in future.
is now UNDER £300 mill
EPS at a basic level of 20,000 bopd, oil 60 bucks, 320 days to give 45 offline..... $384 mill
Quite similar. So basically the 'market' is valuing the rest of the company and all reserves etc etc at.......£0. I know this is super crude but it is BONKERS. I guess all you could say is the reliability of the EPS has not been proved yet as it has not run for long enough.
Now, if that's not crazy, show me what is. I'll buy when i can at this level. NO BRAINER.
Don't worry about TSD and Robone. All distressed shares have tools like this on their BB. Just idiots and not even very good ones.
This has to be HF manipulated. It will spring back up when the masters say 'go'. My guess would be in the next 15 days....but i think they would have thought of that already. They will play this like a fiddle but all you have to do is hold if you have bought down here.
I know this is not a whole lot of comfort to a LTH and if I was you I would be VERY CROSS. But that is the way it goes. Just be thankful you don't have shed loads of debt. Then it would be REALLY BAD.
This is a very rare looking opportunity on AIM. Not a tin pot outfit drilling and looking a placing the hell out of it..... serious assets producing serious amounts of oil AND, even if the have to P&A LC (I will say now I think they will get an extension...just my guess) they know exactly where to go back and drill for another 10K dry oil a day. Useful bit of info.
ATB BH