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Hope you well mate. GDG is the company to be in imp. Bought back in yesterday after rns! Should be cash positive year end.
The RNS might just stop the slide here. I thought it wArranted a lift to 330-340 but obviously missed something. May be our boat will come in and I need success here to boost Greka Drilling where I'm stu***d!
RNS KeywordCompanyEPIC/TIDMSEDOL/ISINNews Price Announcements Fundamentals News Article RSS Green Dragon Gas Ltd (GDG) Add to Alerts list Print Mail a friend Monday 17 August, 2015 Green Dragon Gas Ltd Interim results RNS Number : 1850W Green Dragon Gas Ltd 17 August 2015 17 August 2015 GREEN DRAGON GAS LTD. ("Green Dragon" or the "the Company") Interim results for the six months ended 30 June 2015 Green Dragon Gas Ltd. (LSE:GDG), the leading independent gas producer with operations in China, is pleased to announce its unaudited interim results for the six months ended 30 June 2015. Financial Highlights · Revenue increased 8% to US$ 16.8m (H1 2014: US$ 15.5m) - follows an increase in Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) sales, and in the weighted average CNG price in Greka retail stations, as previously announced · Gross profit increased 121% to US$ 11.9m (H1 2014: US$ 5.4m) - increased gas sale volumes at stable prices, while costs lower due to fixed costs spread over larger volumes · Cash of US$ 49.4m at 30 June 2015 (US$ 80.0m at 31 December 2014) · Capital expenditure increased to US$ 19.4m (H1 2014: US$ 7.8m) - in accordance with this year's objective and focus on infrastructure investment and drilling to deliver increased production · Net loss from continuing operations decreased by 98% to US$ 1.4m (H1 2014: US$ 69.3m) Outlook · Continued focus on infrastructure investment to enable production and sales from drilled wells · 30 well LiFaBriC drilling programme on track: - 18 wells drilled and 8 LiFaBriCs connected to infrastructure in H1, with a further 14 wells planned for H2 2015 · Exit rate at end of H1 of 10.15 Bcf per year and on track to reach 12 Bcf per year annual production target · Gas pricing to remain unaffected by any Chinese market volatility or potential future Chinese Yuan devaluation Randeep S. Grewal, Chairman and Founder of Green Dragon, commented: "We are pleased to announce another set of strong financial results from Green Dragon Gas, following the gradual ramp-up in our production and sales through the first six months of 2015. In addition, we have continued to benefit from a uniquely strong pricing position environment in the context of the on-going volatility in the sector, due to our strategic position in the high demand Chinese gas market. The increase in capital expenditure in the first half reflects the progress in our current continuing drilling campaign. A significant number of vertical wells were drilled during H1 and we are excited to commence our LiFaBriC drilling campaign in H2. In addition we have benefitted from investment in infrastructure allowing us to sell gas produced by existing wells, increasing production to achieve an H1 exit rate of 10.15 Bcf per year and giving us full confidenc
Thermlin that is some interesting reading but now after the agm I await a downsize estimation inline with it's neutral news given at the agm for gdl and gel would you concur the same given gdl and gel news of the essar contract on hold and other negatives mentioned in the agm etc
And so far today every trade a sell. Don't people read??...
This is the consensus target with an upside potential of 390%
Green Dragon Gas Ltd (LON:GDG) Rating Reiterated Cantor Fitzgerald have a GBX 832.00 PT on the stock. The PT gives a potential upside of 171.45% from Green Dragon Gas Ltd (LON:GDG)’s previous close. This rating was revealed to clients and investors in analysts note on Thursday, 23 July. LON:GDG is at the moment trading 1.14% higher at GBX 300.50 as of 11:21 London time. Green Dragon Gas Ltd’s stock is down -31.7% in the past 200 days. It has underperformed the S&P500, which has risen 7.43% in the same time period. According to data compiled by Thomson Reuters, Green Dragon Gas Ltd (LON:GDG)’s stock is covered by 4 equity analysts across the Street, with 0 analysts giving it a Sell rating, 5 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is GBX 1475, which reflects an upside potential of 390.85% over the current price. Read more: http://www.octafinance.com/green-dragon-gas-ltd-longdg-stock-buy-rating-maintained-at-cantor-fitzgerald-the-price-objective-is-set-to-gbx-832-00/112479/#ixzz3gnBD3HeJ
Twitter gdg is sparking great news on time and on schedule
Under £3 must be cheap....a decent AGM could bring 350 which is where I thought we should be.
I think its top up time again ! With the lack of reporting to the market the sp has drifted down and now represents excellent value IMO. I am unable to attend the AGM today so if any do please do post the salient points.
starting to look like a buy for me now at sub £3!
I will have to look into their twitter, thanks for the heads up. First off, I am not an expert on the "G-group" and I would suggest you do not act on my view alone. With that disclaimer out of the way; logic suggests that an increase in GDG funds should result in further investments, in turn leading to increased business for GEL.
Did you know gdg has Twitter there is some great info on.there quick question does profits in gdg mean profits in GEL trickle down an all that ?
I'd imagine that there will not be much movement until there is evidence of a strong increase in sales (rather than just a projected increase).
Hells bells
not showing just gone through
what's this nonsensical spread about?
?
Looking good for a run now up towards dizzy heights.
In China overnight / today. They will already have seen and heard what the plans are and how its progressing. Looks good.
thats better like Merlin says, get your selves sorted and add that "0" on the end LOL. You know its coming - finally !
Paid 3.42 for a few. Pretty bullish statement and once further announcements are made should I agree impact positivley the whole group given the price of CBM in China is not impacted by global pricing.
Looking good for the whole group.
Now that's what I call a spread ! Come on MMs sort this out now
19-Mar-15 16:32:36 336.50 4,000 Sell* 335.00 324.25 13.46k O Just a blip and seemingly accepted by the trader ?