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Overly conservative Ocelot. Aside from being grossly undervalued today, as clearly indicated by the board, we have so much more positives to look forward to in the near term.
- Brockham flows
- Balcombe appeal result and forward plan
- Revised CPO (I believe)
- Increasing gas and oil price forecast next 6 months
- strong operational cashflow
- stronger balance sheet month on month
- Director share purchases
- Acquisitions
- Gas storage plan development
- Takeover approach ?
The latter highly probable if the share price stays below 1p for much longer.
Oh good, that’s all right then. The only way Angus shares will get back to that level is if we have a very large sustained rise in the gas price. It will have little to do with EV/EBITDA. It will have everything to do with a gamble on gas prices. For which you’d do better in the derivatives market, where Martian levels of capital expenditure, royalties, dilution and unlucky bets by an increasingly expensive management team are not an issue.
CORRECTION of my post of 09/04 at 11:27:
If one assumes the EV/EBITDA multiple is currently about 2x, then a multiple of about 8x would give us a share price of about 1.30p.
I've just pulled up Singhie's most recent post on Angus (of 20/03) and his share price forecast was 1.34p and not 1.51p, as I indicated in my earlier post, so, by different routes, one arrives at almost exactly the same share price forecast.
I guess we will see, I was in this a few years ago and doubled my money when I sold it around 1.6p.
Im expecting can quadruple my money this time
""Been building a position here since yesterday. The SP is way oversold.""
Ermmm yeah right oooo,,, that was being spouted at 1.2p, 1p. 0.8p, 0.5p, 0.4p, and 0.3p !! without clear info on Trafigura deal and without a clear & formal word on what is being done where, and exactly how it is all to be funded then oversold is just YOUR speculative view lol...
Been building a position here since yesterday. The SP is way oversold.
Haha, painful isnt it! fingers crossed
Absolutely no idea, Barney182, a decision could come any time.
So do we have another 17 days at least before an answer do you think Ocelot?
The Easter legal term began yesterday and runs to 24/05. Below is an extract from Free Frack Balcombe's timeline:
November 2023
1st November 2023 Another round of fund raising is launched to fund our Appeal. Crowdfunding site launched at https://www.crowdjustice.com/case/stop-balcombe-oil/
October 2023
31st October 2023 We lodge our application for permission to appeal to the Court of Appeal.
15th October 2023 Judgement received from the High Court rejecting our judicial review. Our judicial review has been rejected.
July 2023
19th July 2023 The High Court heard a judicial review of the Planning Inspector’s decision to grant permission to Angus Energy to flow test for oil at Balcombe.
https://frackfreebalcombe.org.uk/latest-news/flow-test-diary/
CORRECTION: in 3/ "He speaks of considering drilling" instead of "considering drilling THEM", to make it clear they are not planning to drill 4 wells, the planning request for 4 wells is to provide them with a choice of options.
From 02:25 RH explains the capital projects at Saltfleetby currently being undertaken or planned.
1/ the booster compressor is on track, being constructed for the company in the US and planned for installation in Q4:
2/ noise abatement measures for the site, the compressor "hoods";
3/ working on a planning request for up to 4 new wells. He speaks of considering drilling probably from mid-2025 onwards.
Was there anything about how they’d pay for it all?
From 02:25 RH explains the capital projects at Saltfleetby currently being undertaken or planned.
1/ the booster compressor is on track, being constructed for the company in the US and planned for installation in Q4:
2/ noise abatement measures for the site, the compressor "hoods";
3/ working on a planning request for up to 4 new wells. He speaks of considering drilling them probably from mid-2025 onwards.
For those who haven't listened to RH's interview:
they are currently working on a planning request for up to 4 wells at Saltfleetby, in order to provide them with options when the time to drill comes:
now looking to drill from mid '25.
Welks,
I am not trying to convince anyone, Ocelot speculated that I had not watched it, and I have not, I couldn't give a fluck about pumpy webcasts etc,,, they have little to zero value.
I will let you know first, IF & WHEN I do punt this in the future lol.... as it stands right now, not a hope in hell until they state something factual regarding forward plans and funding for it.
NEXT !!!
Ocelot: dear oh dear. If you’re going to extrapolate in this way, would you explain the relevance of EV/EBITDA, please? And specifically, how it’s affected by rises in debt and by comparative interest rates. It seems to me that if Angus paid off all its debt, the EV/EBITDA would be even lower. Basically, all it tells you in Angus’s case is that the shares “look cheap” because there’s so many shares, whose price is low, and in spite of their having a ton of debt. Not because there’s any fundamental value in the company. Just that no one wants if because it’s so dodgy. The EV/EBITDA could easily get a fair bit lower. Unless they borrow a whole lot more money or sell billions more shares to whichever entities own that 42%.
Sorry, Bubblepoint.
BP trying to convince people he hasn't watched the presentation when his interest in the comments board is is borderline obsessive to put it mildy. Who you trying to kid. Your comments are like mini novels shouted from a soapbox
If one assumes the EV/EBITDA multiple is currently about 2x, then a multiple of about 8x would give us a share price of about 1.30p.
Not seen Singhie's figures just recently but, if I remember right, his share price forecast was 1.51p or thereabouts so, by different routes, one arrives at the same kind of share price.
To each his own, Bubblepoint.
Personally, I appreciate their efforts to communicate with investors and believe investor relations are important.
Personally, I appreciate it MORE when a company actually creates UPSIDE for it's retail punters, not simply undermine what they have to facilitate themselves. as said, actions speak louder than words, and there is a severe lack of real action, or even a decent plan.
Lol OP,,,, stay with it, your points are more than valid, and I am sure you will (as I will) change your view/tone WHEN the company changes theirs !!
To each his own, Bubblepoint.
Personally, I appreciate their efforts to communicate with investors and believe investor relations are important.
Bubblepoint: we seem to be overlapping! I think I’ll leave this to you for a while.
Ocelot: I’ve watched them and can’t recall their discussing how their growth plans are to be financed.
Ocelot,
I am not interested in words, they are "cheap", when they come up with a PROPER factual/actual plan that has timelines and funding method attached etc then I will listen/read their spiel, not interested in cheap nonsense, they are reserved for the more gullible.
Bubblepoint,
You have said you haven't watched the company's recent presentations, which is where they spoke of their growth prospects (although they also said these are still at an early stage).