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I personally believe the company will regularly update us frequently with positive operations and should shift the share price back to the 3-4ps early in the year. Obviously it all depends on the results but I can see this shift back over 10p very easily. Anyone getting at these prices have been given a gift.
Agree with your near-term 3-4p forecast and am personally hoping for a bit higher.
Agree, too, that the company will be keen to keep the market informed of developments re both Balcombe and Saltfleetby.
I have averaged down a lot since we have been at these prices, 3-4p will be a good taster before hopefully we start producing some nice oil and gas and push back over the 10-20p mark. Then off course it’ll take time to gradually shift slowly but surely to the 30p mark. I really believe in the bod since Vonk left it seems it took months to clear out his mistakes and had decisions before the shift up. 5 2 steps back, hopefully now 10 forward!
I have been here for 2 years invested, if you’re not invested I suggest you grow up and post somewhere else instead of attacking forum members.
IVS
Im intrigued as to how you get your valuations?
How much Oil do you expect from Balcombe and Gas from Salfleetby are you expecting?
You may not have noticed there is also the £1 million diluttion starting in the next couple of days?
Putting the BOD sponsored cheerleader nonsense aside... yawn...yawn... jam tomorrow... all empty promises as usual.
Let's remind potential investors of the FACTS:
1)Angus have recently entered into an arrangement with RiverFort YA (death spiral finance) and they will greedily be selling into any rise until well into the New Year.
2) There will be no oil or gas (if there EVER is any) until well into 2020... so in all likelihood Angus will need another placing before then to keep on paying their inflated salaries.
3) In the meantime there is NO liquidity and ZERO trust in management who - to date - have an un-broken 100% record of failure!
4) GL has calculated a Net Present Value "right now" for Saltfleetby of 4p per Angus share.
I won't attack you but suggest DYOR if you are very smart.. For example, you would perhaps understand basic facts such as it is the same team. Secondly, three members of the BOD left including two independent members who are both considered oil experts. Thirdly, you can't even describe what exactly was the problem other than the know facts of JTP's double dealing and board room shenanigans.
This is line tells me all I need to know, ' if you’re not invested I suggest you grow up and post somewhere else instead of attacking forum members.' apparently you think BBs are only for ramping...
However NPV is not how you value a share price. And given there are no cash flows for at least a year and the asset price is one quid, I'm calculating the NPV to be 0.
"GL has calculated a Net Present Value "right now" for Saltfleetby of 4p per Angus share."
You might as well say: GL has calculated that unicorns are real and living in the woodland behind Balcombe - because both statements are so far removed from reality as to be laughable!
If still in doubt... just check out the share graph this year since Lucan took over at the helm (under Toxic Tidswell's instructions)... and the current SP of course.
Oh dear... I'm guessing Mr Market doesn't believe any of Lucan's promises either!
wealdpwr,
The whole point of discounting forecast cash flows is to arrive at a value NOW (a Net Present Value) for cash flows forecast over coming years.
Your NPV of 0 means, therefore, that you are forecasting zero cash flows in the future.
Personally, I suspect GL is better informed on this one than yourself, (but, of course, you are welcome to your own opinion).
I think you should look up the definitions of 'now 'and 'present' and 'NPV'.
YL
I would add:
Up to 20% of the outstanding principal may be converted into shares in Angus Energy before 31 December 2019. - RNS October 2019
10% down, 10 more to go....
I've already presented you with Wikipedia's definition of NPV, but you objected to it, but it had been copied and pasted.
I've already presented you with Wikipedia's definition of NPV, but you objected to it, BECAUSE it had been copied and pasted.
Ocelot...
Anguish Energy have historically been "excellent" at generating expectation for an inflated share price... they tried it with Lidsey... FAILURE.... Brockham.... FAILURE... Balcombe.... DELAY (and likely FAILURE)... Saltfleetby (better known as Pound land Gas Field) Really?
Their only "NEAR" success was Horse Hill... Just about says it all doesn't it: The one discovery that could have earned them real income, that they had to give away because they were operationally incompetent and therefore incapable of extracting oil from it themselves!)
...after so many failed promises, are we HONESTLY still expected to believe that this one isn't just another Frog - but a prince in disguise!?!?!
Dear Oh Dear! Well... I guess we are in pantomime season!!!!!
Nothing to add to that gem...
Investopedia's defintion:
What is Net Present Value (NPV)?
Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project...
Postalot,
Thanks for the cut and paste. You continuously prove you do not understand how to value a share price and the appropriate utilization of NPV. Carry on.
wealdpwr,
But you're the one who has spoken of an NPV of 0! (see your post of 14:47).
Angus should have a minus NPV figure based on cash in-flow versus cash outflow?
Our Bod know how to spend... they just can't seem to generate any income with it!
So I had another look at the natural gas price again. however this time i looked at the Ofgem figures that Anguish have presented in the presentation and it turns out I was actually correct Gas is Trading at Half what they have done the sums on.......So forget whatever GL has told you its completely out of date. (see below same graph as presentation slide)
https://www.ofgem.gov.uk/data-portal/all-charts/policy-area/gas-wholesale-markets
http://www.angusenergy.co.uk/wp-content/uploads/2019/06/Saltfleetby-Gas-Field-rev14.pdf
O and the http://www.angusenergy.co.uk/investors/share-structure-significant-shareholders/ page is blank so expect incoming news.
ANGUS's forecasts are based on an average natural gas price over the last 10 years.
The conservative scenario assumes production over 10 years, the optimistic scenario, over 12 years.
And only Anguish could go to shareholders with this" transformational deal" when the price is the lowest in those 10 years.
IT COST £1 FOR A REASON!!!