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Hi Michael,
So I'm in the same boat as you more or less. A small silver lining for me is that I bought a chunk at 2.5p so if HUR hits 12-15p (I forget which) I breakeven. I think that is possible in 2 years if the finances are dealt with (that's CBs plus a drill). If it gets to that level then I'm probably going out because I don't think 30p+ is possible within 4-5 years without a miracle. I really hope I'm wrong? Why, because when I bought in at 45p, and 15p, etc this stock looked to have a strong future. I was holding for the long term - I've even got some in my SIPP. I'd love it if the HUR got back to what we thought it could be. Unfortunately I just can't see it right now. I suspect it'll get taken out before then anyway. GLA.
I lost over 15k when SXX was bought for 5p per share. Similar story with Carpetright, lost over 8k when it was bought by its creditors for 5p again....
I just hope Hurricane will recover. I don't want to be burned again... I invested £18K in HUR, now my shares are worth £2k.
I just can't see it how HUR will go back to 30s again... if so, how many years it will take.
FTM
“Hard to see a t/over in the teens frankly given the usual premia are based on 30 days and 60 days. and I cant see anyone paying 3-4 times the current sp”
Your statement may hold true when the underlying assets and value of the company are reflected in the share price prior to an offer being tabled. A premium is usually paid to sweeten / entice shareholders who feel that the share price is reasonable, the premium tips the balance in favour of accepting the offer and selling out.
Picking up a company on the “cheap” will only occur when the company is in financial difficulty – usually cashflow or imminent debt repayment that cannot be refinanced – example SXX.
The questions, therefore, are is Hurricane in financial difficulties, or do shareholders think the current share price reflect their perception of the underlying value of the company?
I think the answers are No!
Therefore, a takeover for cash is highly unlikely at the current SP-IMO
Could explain the reason why HUR SP is being kept so strangely low at the moment, easy to manipulate a very small market cap here wether with MMs assistance or other means, time will tell.
Hard to see a t/over in the teens frankly given the usual premia are based on 30 days and 60 days. and I cant see anyone paying 3-4 times the current sp
Wouldn't that be just dandy. Thanks are due to one of the most incompetent and spineless Board of Directors I've come across for ages. Thanks to their multiple failures we sit here with the sp at a barely believable 3.7p. Lets hope the CEO who has now had plenty of time to assess things comes up with a strategy that finally does this company and its acreage justice. If it happens it will be a combo of serendity and hopefully, him showing more commercial nous that his benighted Board.
HUR is by far the most oversold O&G share trading in the U.K. markets today, this very much fear driven major undervaluation here which already has Armageddon priced in cannot last long, and will be the prime reason (along with rapidly rising oil prices) for HUR becoming a truly massive Multibagger this year and beyond, IMOO, DYOR.
Only the bod knows what's in the next rns and when it lands. Were all only mere speculaters on here!
I'm sceptical of any rumours heard on these forums!
Imho things are looking good here and if there's a whimper of positivity in the next rns the share price will be well north of where we're at now!
You pay your money and you takes your chances!
why is the rns delayed? It was expected in February.
Once sentiment changes here I think even the most optimistic holders could be surprised by the upshot!
Gla
"Someone bought just over £18k at 3.90. Maybe a good sign."
Some chunky buys going through this morning and looks like someone is buying repeatedly in round figures 100k, 200k etc
Interesting
Someone bought just over £18k at 3.90. Maybe a good sign.