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All investing is a waiting game. Imo the metrics are looking good here I can't see anything that anyone else can't see other than its vital stats suggest it's unvalued. Look I'm in at 24p If i sold now I'd be quite happy and what attracted me to the company back then was how it stood out like a sore thumb on valuation. The market has reacted positively but it took a while to realise. I still believe it has further to go and I think the market will realise too. In don't agree with you that the market is fully aware at all
“Just a waiting game to allow the true value of jkx to shine through”
Waiting for what? The market is fully aware of the cash position and likely cash generation over the rest of this year. What needs to change to get the market to see value at say 60p to 70p? What is it that you can see now, that the rest of market will only begin to see in the next few months? Don’t say cash generation because every single person can see that.
It was cash generation and net cash position that made this share such good value at sub 20p. It wasn’t unreasonable to think it ought to have been 35p at the time. The rise in gas prices quite rightly pushed this up to an oscillation between high 40s and low 50s. What is the driver for the next upward price move?
Fair play and good call on the day. But anyone who is not trading surely doesn't need to be worried by this share. Fundamentals look solid, we can make money when oil and gas is low and its looking like we'll be making a fortune while it's up at $80+ dollars. Just a waiting game to allow the true value of jkx to shine through.
Your comments of don't follow the herd and no has researched it are interesting. Apart from the court cases which they have fully updated us on and explained that money is left to one side I've not seen anything major.
Do any of you guys know the EV value for JKX? Thanks in advance
In effect it is doing nothing other than oscillating. Market is aware of cash generation and this is where it has sat itself. If you think there will be a greater appreciation of the cash position in the next few weeks / months, I guess you can buy in now. If you think this is how the market is valuing future cash generation, then you can stay out.
SP up and down like a *****'s knickers... 56p two trading days ago down -7p / -15%, can see 47p -45p coming before the 10-15% punters turn up again for a quick feel again. LOL.
Barry, the 10% of UNB owned by JKX and the $12 million the Ukrainian govt owe them is down as having zero value in JKX's accounts. So they are not really a problem, if either one pays off it will be a bonus. There is the problem of the court cases, but JKX now have more than enough money to cover them. Currently JKX are earning large amounts of cash, selling their Hungarian assets and hopefully selling their Russian ones. Things can go wrong - I think we all know that - but it's looking pretty good at the moment especially for those of us that bought when the price was much lower.