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Barry I know they’re big shareholders in the company but I’m not sure that effects JKX much! Even without that money the company is not exactly struggling…
The share has risen a lot in the last few months! You have to expect periods of consolidation! I’ve never been in a share which hasn’t at some point…
And let’s be honest here there’s not much to grumble about JKX at the moment! I’m sure people would air the negatives if there were lots but there’s really not.
Your post read like a pathetic ramp for another company which is not uncommon on these boards.
Barry first you stated there were no legals with ENW which is untrue,then you clutch at straws comparing one trading day to indicate the virtues of ENW, don't you think that's plain silly.Fact is ENW have huge CAPEX they need all the cash they can get hold of.The drilling depth I believe is three times that of jkx.Reading posts on ENW they seem rather disenchanted over the last set of figures.You keep to ENW and we will stick with this company
Riddle - you couldnt be further from the truth. I've been in and out of JKX and ENW for past 3.5 years, got in low and also got spiked and had to wait but averaged down at 16p-20p, and made plenty of profits on the way up. Dont worry about me mate, I'm doing fine! But yes there is a lot of negative comments on LSE BB. What I've said is all fact, its a shame no one does any proper research into the shareholders - Eclairs. I like JKX but there are negatives to this company that arent aired on this forum or twitter. Why is JKX down -3% today and ENW up 6%? same juristriction and both gas co's.
This sort of post is typical someone who is emotionally invested in another company and their lack of success results in them bashing other companies in the same space, in order to feel content. It happens a lot on this website unfortunately.
Looking at the chart we have had the dip with profit takers,new buyers coming in I think we may be ready for the next leg up imo
$12m is small fry in the great scheme of things,i wouldn't be surprised if jkx had a takeover in mind with all the cash they are generating.Interesting to see which share comes out best over the next couple of months,my bet is on jkx,each to their own gl
Tom - why dont you google "Kolomoisky Privat Bank". You really think Ukraine govt will pay JKX the £12m its claiming in the courts thats been on-going for years!!! ENW 'suspended oil field' is just political, they are and have been producing from it since the unfounded allegation. Last results werent underwhelming as the free cash went into the drilling, yes high cap ex because they have 4 wells being worked on. You cant get gas out the ground without drilling! JKX has declining fields hence reason to off load Russian wells that brings in little cash as prices are fixed. They'll be spending big bucks on capex soon enough! I've been in both jkx and enw. ENW doesnt get traded as much as JKX with 10% flippers.
Excuse me ENW do have legal ongoings, re the suspended oil field which is in dispute and awaiting court hearings.They also have huge CAPEX apparently because the drilling is so expensive and the last results were underwhelming and the sp dropped.I think I will stick here where better profits can be had.
There’s no doubt that that the huge gas price rise (which must have been a surprise to many) is filling the JKX coffers with cash but is the ‘weak link’ with JKX there declining output figures..?
I've lost confidence in this one, I see loads of tweets and messages aboout how great cash build is, and it is good but there are too many traders out there looking for a quick 10-15%. Price goes from 46-50p sells off, then 54p sells off back to 49/50p.
No one mentioning the biggerst holders Eclairs with 28% holding because no one does any research. The main guy owes Ukrainian govt $2bn over corrupt Privat bank. No way will Ukrainian govt give JKX the £12m its is in a legal battle for.
Personally feel ENW Enwell which is Ukrainian has 100% exposure to rising gas prices (unlike JKX only has 40%) is a better gas company also has $65m in bank, no debt, no legal cases.
Probably blue at the end of the day
Just a case of sitting on your hands here imo no imminent news due but the outlook is too good to miss.
Bit of profit taking expected. Soon be back up
Totally agree. There is risk with all shares but this looks as good as it gets. Quite pleased at the drop as it will enable me to top up cheap. I look at this as a short term variable rate savings bond where the capital is not protected but it may easily pay out 50% plus after Christmas.
Reminds me of RRE last year. Where a little patience gave me a great inflation busting return.
DYOR but for me this is a strong low risk buy.
To put these prices in in perspective, every single day adds cash equivalent to 0.3% of the current market cap for JKX. Over a quarter (91 days) adds 27.3% in pure cash. This means JKX is trading at a PE of below 1 at current gas prices.
Filling orders???
Assuming equal Ukrainian gas price sales rate in Q1 and current Q4, JKX will have already sold the same monetary value so far this quarter, as achieved in the entire Q1, as gas is 5X higher now.
We also know Ukrainian gas volume produced is even higher now.
Any idea what that 10% of UNB is worth? I found an article suggesting 725 million cubic meters of gas was produced.
Over twelve months of 2020, UNB has had the following achievements:
• UNB produced 725.4 million m3 of natural gas, 80.8 thousand tons of oil and condensate. Overall gas production at the Sakhalin Field was 844.3 million m3, while oil and gas condensate production was 86 thousand tons.
click the button below all will be known who they are
Sorry who are they
JKX 10% stake in Ukrnaftoburiene
https://unb.ua/news
I agree and have done the same.
https://hir.harvard.edu/ukraine-energy-reserves/
Perhaps spending some more time on the subject will re-educate me.
I have been thinking about the share price and company valuation over the pas few days and what has struck me, is not so much the cash pile that we are accumulating at a fast rate of knots, but the value of what is left if you strip this out.
We know from this weeks statement that we have over $50m in the coffers and that at current gas prices we must be bringing in about $10m a month. We are now half way through October so lets say we have $60m in the bank. This is equates to about £44m. At 51p we are valued at £90m but £44m of this is already in the bank so the business is actually only valued, from a trading point of view, at £46m!!!! For a business with quarterly cash generation of $15-£30m this is just plain ridiculous. Even at $15m a quarter, which would mean gas prices much less than they are now, we cover this £46m in cash generation in less than 12 months.
I will just leave that for people to ponder.
I now have a large holding here which I have accumulated over the last few weeks and this is probably the most optimistic I have been over a company in 20 years of investing!
Unless this is a Langbar, some of you may know what I mean by that reference, I can't see a downside.
At least , it's needed for someone to calculate the revenues from this production imo.