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Why would you sell out at this price? The share price was 37p in Jan. I’ve managed to average down to 42p now. So no risk now.
Florence141414 - I think so, but these guys are so dodgy you have to give the document a very detailed read. I'm lucky that my 20,000 shares are all freebies, but this really stinks. Ukraine really is the most crooked country in the world
21.9% free float, 23.3% being bought back
I think that means that anyone who wants 42p a share can get 42p a share, right?
Yep so again i can't see why not buying at 39p.
Sold out and moved on
imo they just delist and you hold shares in a private co I think, which is not a good idea imho
It is thats how many are in free float
How are they going to find enough sellers at that price?
i thought the company is offering to buy back all the shares for 42p?
Also explains all the selling later above 42p. A number of people new of these plans weeks ago. Leaky Leaky.
I say otherwise !!
because there is no guarantee that you will be lucky to sell your shares in the auction at 42p.
Why would you not buy the ask right now at 39p a share??
This is being stolen from us!!
Still NT @HL to buy although you can sell,they want your shares.Yes this should be at least 55-60p I think it will be very soon imo
should be back in the 50's where it belongs
Cant buy a bean,are the results of the drll imminent
NT cant buy must be demand
Not long now before this takes off imo
That’s an interesting thought, although I’ve no idea how likely it could be. So, assuming all shares could be bought back in and cancelled, who would be left owning the business? Wouldn’t a 20% shareholder be just as cancelled as a 0.001% one?
Thordon says "The real SP value will settle once dividends are restarted."
Dividends are possible but so is a share buyback. The enterprise value of JKX, which is market capitalisation plus provisions for rental fees minus cash, could turn negative before long. If that occurred JKX could buyback all its shares in issue and satisfy future rental fee claims and be cash positive and free of provisions as a private business.
You don't have to believe that the current gas price in Ukraine of $935 / Mcm is sustainable for this to happen, only that the gas prices being paid by Moldova and Bulgaria on new contracts signed with Gazprom are setting a new baseline for the future gas prices this winter season. The Gazprom prices agreed are $535 / Mcm and $450 / Mcm. These compare to a gas price $431 / Mcm realised by JKX in Q3. In effect the latest Q3 price is going to be the baseline this winter.
Calculation of JKX baseline cashflows in Q4 and Q1 says that sometime in the New Year the enterprise value of JKX will turn negative unless the share price appreciates substantially.
Hopefully we have it the bottom and will slowly head north from now on
The real SP value will settle once dividends are restarted , at present have to agree the P/E is below 1 when the sector is on a average P/E of 18.
Whichever way you look at it still cheap shares
Likewise ,one month gone already only 2 months and the next figures will be out.Im sure the sellers will be back soon.Best be ahead of the game imo
Although hesitant have added once more. Nothing, of course, is a foregone conclusion but near-term JKX prospects must be better than average.