The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Cash position increased ... that’s pretty amazing in this climate.
Put Sepl share price in tandem with RDSB say and and you will find it has essentially tracked the oil majors down with a higher beta ...
.... so the risk reward here is a juicer dividend to reflect slightly more risk given the location ....
.... a lot of talk I’m seeing about a deficit in the gas market going forwards with producers going off line.
But it’s oil and risky .... when Sepl blows it can hit £1 from here in a week .... or not.
Don’t forget that Sepl were also hedged to an oil price of $45 with some of their output .... I don’t know about gas .... but that oil hedge was a good move .... it was announced in a recent RNS of results pre April 24th cuz that is when I bought back in.
To be fair it’s easy to work out the financials ....March April had the dip in oil price but late April , May and June it went back up to 40s so if you add that along with improved flow rates from elcrest I think they will be solid.
Also as H mentioned I think the ANOH gas funding is long overdue. That will be a game changer but with 57,000 bopd currently I don’t see why the sp has not even flinched for many months. This will never get to 100,000 bopd without an offer being made .... with ANOH it gets close to 100k Bopd but either way it certainly should not be mid 50s regardless how good the divi is to TOD. Lol.
The state companies NNPC and NNDC could swallow sep for peanuts and offer the board jobs in the enlarged Company. It’s coming. Just you watch.
So I’m hopeful this is a good sign then doom, well time will tell your thoughts doom on this are.... ...
But more seriously .... seems to be an institution trading In the background .... the MMs needed Level II to complete my trade so they have no stock to play with.
Took £10k off the table the other day at 60p given that a there was a big buyer on LII .... bought back 57p today.
3p can't complain .... lots of activity across LII today ... let's hope people have not been leaking the negatives before results .. that's the name of the insider game though.
GLA
Munch yeah all ok here, still working, hoping to get away very soon. If eland were still around I guess the shares maybe around the 50p mark myself. I did some scenarios with sepl at on paper lately and figured out that they diversify with eland purely because of the undiscovered resources still untouched in some of there licenses, also the added bonus of 18k bopd currently being achieved to date and with the shallow low cost oil extraction it was a no brainier for seplat to me. They also have a cash kickback by 2024 I think which isn’t to be sniffed at. Seplats game changer will be the anoh gas plant which currently we as shareholders are waiting to hear news about the anoh gas plant funding to me this will be a game changer for the company, along with the generous divi it’s not a bad little producer. The Nigerian government are very keen to get the countries power grid up and running so hopefully we we get some sort of positive news on Wednesday. As for a take over if it ever happens minimum for me is £3.00 because of its licenses and potential as a producer. As always good luck munch regards H.
H. How r u fella ?
That £1.66 don’t mean anything anymore. Maxwell time’s that sale to perfection , however if Eland were still trading then they would have fallen to 20p in the crash that took place.
Royal bank of Scotland paid 47 BILLION for ABN AMRO .... 6 months later Lehman brothers went bust and rest we know is history.
If anything they blundered by buying ELA, should have stayed cash positive and debt free and progressed ANOH which would have been in Production by now.
Either way with $7 operating costs this is a cash cow and am hoping for increase in divi payments and also funding for ANOH. It won’t happen ..... my opinion is they are in talks already and will be bought out cheaply. £1.30 does it
Well I have just spotted half year results are due to be published 29th July, hopefully we can get a indication of how the company is performing.
Munch I applaud your enthusiasm but may I point out Seplat bought eland for £1.66 so your guide to me is way under what I would value the shares at if there ever was a takeover. To me we are waiting on stability in the market and the long awaited funding news for anoh. We know Seplat are still pumping and supplying gas at steady rates, so patients is key. Regards h.
These have takeover written all
Over them. They have been stagnate for months. Looking at takeover price around £1.30 which would represent 110% increase. It’s on.
The MMs will know the positions of retail investors, and their trading habits on masse ... and have a great advantage as a result.
So invariably bluff in share trading .... 13% a year till 100p is the upside risk ... I’m happy with that.
There were two such trades ... who knows ... another fat finger error or a spoof to goad people into selling?
Africa based funds are increasing their positions here ... They flop around ... but show value eventually ... see Sylvania Platinum ... played around with this share between 6-9-6-14p for 4 years .... now 40p.
Market ....
340k done today. At 58p. I just topped up 16k shares.