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PL has spouted the same guff for the last 10yrs or more without a great deal of success, the only time he has moved the company forward is by buying it at shareholders expense in all forms while making a more than justified return on his loan to the company. My only other aim stock has just agreed a 30m loan at 5% to one of its shareholders bit of a difference
Problem with PPC is even the Fake News missed the increases in production target!!!
Aparky thanks a lot ha. I hope youre not including me in that haha
Well there we have it AIM in a nutshell from the last few posts excluding northern. Fake news it's all fake news, :):)
Hi Stockable,
Interesting that you compare PPC to UKOG ,being in both i think PPC is a much better company than UKOG. Lately UKOG has been ramped to death on twitter and nigh on doubled its SP on a possibility of planning application (failed).
It also a few years ago went from 0.8 p to 11 p on nothing more than rumours and ramps.
Point being i never see any ramping about PPC just moaning about the company and Levine.Get online and ramp the company get investors looking in , people do buy in without much research its human nature FOMO
Wow! I think everyone has been taking the positive pills today. Long may it continue - here's hoping lots of people start to buy into the company and its story and the company will start to reward its long term shareholders!
Atb,
Northern
No matter what the sp is, the companies that are on board invested in ppc are some serious players. Traf is a good pair strategically and no one throws millions at anything if they are not convinced it will come good
and here's me thinking I get too optimistic from time to time! Thanks Thebhoys - must admit I keep believing that PL will produce the goods - the thing I've struggled with is the sp - so I am hoping that his continued strategy will mean the company turns a corner and we then start to build production and the sp and once we have a critical mass lots of things will take care of themselves.
Atb,
Northern
NortherMagic you will get a shed load of negativity because it’s an AIM based company and obviously an oiler. Take no notice because have the ppl that open their gobs and criticise are just manic depressants that love to see others miserable. My outlook in life is, “ if you can’t do someone a good turn certainly don’t do them a bad turn.” If you’ve got any concerns, your confidence is wilting a little just post a message and one of us diehards will certainly be in touch. Onwards and upwards pal.
Good post Stockade. The company is undervalued regardless of luck what you have to keep in mind is the assets that PPC have which you have mentioned. P.L knows what he’s doing and like he said,” I’m looking forward to the challenges ahead.” I have absolutely no doubt he is and will prevail. All good things come to those who wait. I have purchased an additional 200,000 over the last 2days to bring my average down to 4.7p. I don’t care if my average was at 8p why, because this is a temporary setback that happens from time to time and we’ve got an experienced bod that know what they’re doing, were they’re going and have shareholders interest at heart moving forward. This is not IMO but a matter of fact.
Thanks also for this Stockable - further positive news and shows the undervaluation. Here's hoping what PL has in mind is going to give further impetus to the sp and a re rating would help. Paraguay at some point - not for a while admittedly will come back into the calculations, so yes a few pushes from the tailwinds and hopefully the sp will show some good progress.
Atb,
Northern
Hi NorthernMagic, regardless of what anyone may think of President, it does seem to be rather subjectively valued by the market. As I write, on a price to sales ratio basis, President is at 0.91 while UKOG (2019 Production: 135 BOPD ) is on a ratio of 183.19 The former has a market cap of around £30.12 million while the latter is valued at around £39.02 million.
As comeonvog pointed out, this is an unloved sector and, I would suggest, an increasingly under-researched sector (While Argentina is an economically unloved country, at least for the moment). But I think that President should continue doing what it’s doing and building a business focusing on low-cost oil and increasingly gas. Around that benefiting from its operational gearing. It has its own pipeline to get gas out of Estancia Vieja. It owns assets that will allow increased production at little extra cost.
Having said all that, I have been an investor since it acquired the Chevron assets in 2017. Taking that as a starting point probably gives me a different perspective compared to many long-term shareholders. The company has grown substantially since 2017 but has faced two major external problems: Argentina’s economic woes and the collapse of the oil price. That’s reflected in the stock's performance. But, as I mentioned before, it needs a little luck - tailwinds rather than headwinds.