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"Wish they wouldn't do this, missed this last night, seems to becoming the norm for AIM co's these days though !"
Pharos are main market, not AIM.
More funds for the ill conceived Egypt venture! Just have to hope it does the trick, can’t help but think reinstating the dividend is still some years off.
Wish they wouldn't do this, missed this last night, seems to becoming the norm for AIM co's these days though !
Oh well, managed to increase my holding by x5 this morning bringing my average down below 40p, time will tell, been in here Since SOCO days early 2016 !
Good luck all !
Looks like a positive raise rather than a desperate placing. I'm quite happy with it.
To be fair the management have all put their hand in their pocket with latest cash raise (this morning's RNS).
the plan as laid out on their website (updated yesterday) makes sense - we could all argue whether a cash raise is the way to go but this management has a good track record re dividends generally and debt.
short term pain for longer term gains seems to be the message
Late rns after hours yesterday,well below market share price.drop coming me thinks,never like after hours rns.recent recovery in share price then nice big raise.shoddy management.
Hi Lucky, also invested here. Do wonder if divi is likely given cash raise?
Bit like taking with one hand and giving with the other?
I have bought into this one. Really undervalued.
If you value Egypt at zero, Vietnam is a great asset worth much more than the current SP.
Company is cash generative and should be in a position to start paying dividends later in year.
Looks like a share value dilution of 12.5% in return for a planned increase in output and profitability.
If you believe the board - cream tomorrow instead of jam today!
Good spot
I’ve had a scan through that, not all of it makes sense to me
What’s others thoughts on the capital raising?
the following stages will help ----
1) Oil price / Gas price
2) Returning Dividend this year
3) Confirmation that reserves are up 40% - 3rd Party Auditor
4) In the 3rd Quarter exploration starts again - any results qtr 4 (year end).
Close your eyes with this investment and check again in 6 months. If you are looking for an in and out quickly - wrong share.
all of course imho ----yada yada ....
Hi All
I have recently invested in Pharos as believe it is so undervalued compared to other energy stock. The RNS today was extremely positive but seen hardly a change in price.
Does anyone know what is expected from this company to make this stock price go up alot?
What are everyone’s thoughts on tomorrow?
imminently IMO will be a BIG improvement has to be with oil prices well off lows
Comeonvog I gave my honest opinion and wasn’t rude. Why attack somebody like that? Are you one of the old chaps that have been trading for years and are down 80 percent on your portfolio? Well beat of luck to you.
y11-shx Can always tell when a poster reply's with limited intelligence, they have to incorporate words and sentences that the original poster used. Back to school for you and find something original to reply with son.
This chat is so hostile no wonder nobody says anything!
Comeonvog you must feel like a right spare part at the moment. Talking a load of crap I think not! Especially when so obvious. “Now off you trot” who says that? Are you really really old? Let the grow up buy this stock lol. Have you tried sudoku my great great granddad swears by it for brain exercise! Now trot off old man and let the fresh brains take over!
y11-shx I think you are talking a load of old crap, Now off you trot and let the grown ups buy this stock. This move higher next week.
Oil rose into close of trading makes this even more compelling buy
I agree mid term worth more but short term I see lower share price. World has more lockdown measures. Vaccine real positive affects are 4-6 months away.
crude up 2% Pharos must see a break higher soon
crude oil +1.5%
pressure building here convinced dark pool trading off book ............... then boom! 30p
this is priced the same as when oil was $15! last march 2020
Should be nearer 40p
One foot through the door