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Ha ha ha. You really don’t know the answer do you? You really are completely devoid of even the most basic knowledge of equity investments and the fundamentals. There are beginners and then there’s Ollie and Kurgan.
I do believe I have just called their bluff and demonstrated to everyone that they are completely clueless.
Oh and for the record, I went to a comprehensive in Wiltshire so no special privileges here. Self made and self taught re the markets albeit with a banking background.
I’ll post the answer tomorrow for you and we can compare the market cap of a company with an almost identical number of shares in issue that makes around what we will be making in 5 years time.
The market cap and share price will shock you to the core and make you realise that ÂŁ7 is actually very conservative if this all comes off.
Guys ... if you can’t answer this your credibility on this board is going to be shot to pieces. This is like asking a mechanic how many wheels there are on a car and him not knowing the answer.
If you can’t answer this you really shouldn’t be playing with shares.
OMG and FFS it’s not hard........ do you need me to give you the answer?
Here’s a clue. All you have to do is multiply 2 numbers together..... question is, which 2?
Kurgan / Ollie,
Quick question for you to see if you are as delinquent as you appear. Ow this is basic stuff but a I have to ask you.
What would ÂŁ5 a share value Rockhopper at in terms of market cap?
And you’re looking at £7 a share for the record minimum on production.
Absolute *******s Kurgan.
Are you really saying that RKH will be worth just ÂŁ450m if it is producing 30k barrels a day and making ÂŁ250m a year?
That’s EPS of 60p which would mean on a pound it would be on a PE of under 2! Lol
That’s a seven fold discount to the market which averages 14 and completely discounts Isobel and Ombrina Mare.
You really don’t have a clue about how stocks are valued do you?
My view is that it will either multibag, be bought out for a decent increase on the current price or disappear into a puff of dust.
Serious question - do people who know about this stock think it will multibag this year?
Found The Times article.
It's behind the paywall but it was on the 1st December by Sam Chambers and is called "Premier oil battles against the naysayers"...
I'm sure I read a negative story about PMO in The Times last weekend as well, maybe another one who should take care about who they listen to or claim they have knowledge of. It's hard not to come to the conclusion there has maybe been a concerted effort to damage PMO.
As a further thought it's hard not to come to the conclusion we are nearing a tipping point for both companies. It's either a round of news of further extensions and the usual guff we have been getting for years about kicking the can down the road (which will kill even Nigoil's enthusiasm for this share) or it's going to go full bore bonkers. It's the binary situation we all know but it's apparent the answers to how this will all work out will come soon.
As another comment, a bit of a Sunday evening thought, I've noted a few folk making (not unreasonably) fairly muted "oooh this might hit ÂŁ1" predictions on the future share price sometimes sparking a bit of a commentariat pile on of name calling.
But...given the share price previously hit more that ÂŁ5 on less information and no confirmation of FID it does allow for a momentary lapse into a thousand yard stare out the window....
Spot on rpoodle. Completely concur.
My hope is that a few investors with deep pockets see an a opportunity here to buy into Premier on the Zama news and take it higher forcing ARCM to start closing their shorts in a classic bear squeeze.
Imagine having to cover 25% of a company’s share in a rising market.
There is the potential to take Premier to well over ÂŁ2.50 if ARCM get taken to the cleaners and are forced to close their position. Could be an absolute massacre.
The market doesn’t take prisoners.
This is all quite compelling, for multiple reasons.
First, the Telegraph needs to be careful here. It’s clearly being fed info from the hedge fund, ARCM, that is facing enormous losses on its short (built up, it should be noted, contrary to the reporting rules on the LSE) and obviously is the primary beneficiary from scare stories about Premier. You’d have thought the Telegraph team would have done some due diligence on the info being fed to them.
Second, assuming Premier’s Tweet is right, this is promising for Sea Lion. It’s probable (albeit not certain) that Sea Lion financing is a component of the lenders’ agreement currently under discussion, assuming certain guarantees (ECA participation, perhaps a farm-in?). Which could mean FID in H1 2020, if the refinancing is successful.
Whatever the case, I’d think Tony Durant will get the better of ARCM given his financial background and, more fundamentally, Premier’s continued strong performance. I certainly hope so: not only obviously is Premier’s success essential to Sea Lion, but ARCM’s tactics are frankly appalling—it’s made an appalling trading error, and is seeking to tear down a well-run, 85-year old company in an effort to mask its own incompetence. For the sake of capitalism, I hope ARCM goes to the wall....
From PMOs Twitter feed at 16:47, 15th Dec, 2019
Premier notes today’s media speculation that a certain group of its lenders are demanding the further disposal of assets. This is factually incorrect and misleading. Premier continues to expect to conclude refinancing discussions in Q1 2020.