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Just sold again. And right on Que it shoots to 27p. I will wait a few days and get back it at 25.5 again.
Mine is the same
I bought back earlier and now trying to sell but it won’t give me a quote. Very strange no problem selling any other shares.
I sold out today at 26p with a nice profit. Phar moves to slow for a me at the moment. I will be back in at 25p if it happens if not gl all holding.
It should - I think if the share traded between 32p and 38p it would be fair. Then hopefully the divi returns which is part of the reason I invested in the first place. If plans remain on track, then a reasonably active remainder of the year.
Agree, problem here is no news is the news!
Pharos under 25p. Not great, is it. Hopefully the farm out at a non-terrible valuation and the prospect of things finally moving in Egypt will get people interested. This should be at least 35p.
Bought back in today at 23.9 after selling at 25.5 a couple of weeks ago. I missed my phar and had to wait patiently to get them back.
I
They’ve been looking for a while to farm out the Egypt asset to enable faster development and increase production towards an initial target of 12,000bopd (obviously the farm in partner gets a share of that so a lot will come down to exactly what deal, if any, they end up securing). I believe that the change to the fiscal terms will be the trigger though which enables a farm out to happen.
Rns states farm out Bids for El Fayum not whole company ? what am I missing?
I would be annoyed if they paid a dividend so soon after issuing equity below 20p and farming out 30% of Egypt..
will start the real ascent?
it was a gift at 50p.
I reckon we will see that 2p dividend soon. 25p will look like when tlw was 25p :)
After that fantastic RNS this share price is a gift. We will see 35p "soon" .
"Company has been encouraged by the level of interest and is currently reviewing a number of attractive bids."
this could take it to 30p
Positive RNS this morning - confirming close to maximum saving previously announced. Looking forward to a positive 'farm out' agreement.
Sorry,because I have small holding here.
I don't think anyone could disagree with that. But you could have applied that to 50 other stocks in the last 48 hrs.
Why drop your pearls of wisdom on this stock?
Much of rise due higher oil prices,notice oil moving much lower pharos following.
Also there seem to be rather a lot of them for a company of this size and the have just added another one.
fair point...saving of 750k + a year always welcome but am always intrigued by timing/ reasons.....New internally promoted CFO will presumably not get this money. Positive reasons.. could include stepping back of aging top management...negative could be.. we need the cash......I suppose April 7th will reveal more!
Look at their salaries and additional awards shown in the published accounts.
Still think they should be taking more?
Hi, am invested here since 16p. any thoughts on senior management salary reductions announced this week? call me suspicious but part of me prefers when top management makes a wedge!