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When is it due please, or is it now overdue? Thanks.
A few trades going through NEX:
https://www.nexexchange.com/member?securityid=18800
Yes it certainly is cheap down here, been held in this trading pattern for to long now. Come on bod let’s get this party started
Come on now ,let’s get going , this is so cheap :-))
Gas pruces are actually down on July by some 10% compared to June. Looking ugly, down 60% from last year highs
They have jumped quite a bit since June though
Either way, the recent results show just how much cash this company makes even at the lower end. This is very good value , it should have around $75m cash come end of 2019 , possibly more. And remember , that's without having any big financial liabilities on its book like Jkx , Rockrose , serica etc
I think rpt is holding it’s own and will grow for the rest of the year
Notice ukraine gas prices r low may not b helping with share price
Sentiment is a powerful thing. Once this starts gaining some ground again it won't take much to achieve that. The business has much more cash now than when the price last hit the mid 60s.
To get to 80 it has to be an acquisition - an acquisition that delivers material extra cashflows and reserves. The board making a comment about potentially new assets ahead is the first shareholders have heard of that. Really positive that they're finally looking at how to work their cash besides organic growth
Yes, suffered a loss on Nostrum, exited quite a while ago
Agree re Regal going back to 50-60, the only question is how shortly. The thing is I cant see how it can go to 80
RPT is the safer bet and can comfortably get back to the 50s and 60s again. A good cpr, improving gas prices will see to that no problem. I'm assuming you closed debt riden Nostrum Krok? My short playing out very well there
Long story short, JKX has a far greater chance to double in the next 6-9 months than RPT
That said, JKX has a far greater chance to half as well))
Looking forward to coming weeks here.
Nickel_ Investor - You paint a rosy and no doubt accurate picture of RPT's cash position but it is puzzling to note that despite a profitable future, over the past four or five days, sellers have exceeded buyers. There could be numerous reasons for this but I wonder if it is mainly due to impatience with the Board for failing to issue an investment plan for using the cash and also to the lack of a court decision on VAS?
Bangrak - JKX has significant liabitilies on its balance sheet, RPT doesn't . Happy to share that number with you if you haven't seen it already. RPT has significant cash reserves, JKX doesn't. JKX also still has debt , RPT doesn't. As for oil and Gas reserves , you don't seem aware that the bulk of JKXs reserves come from its Russian assets. Those Russian assets are making a fraction of the cashflows that its Ukrainian operations are. In fact, barely cash neutral in 2018. When you then focus on the Cash making Ukrainian reserves of JKX their 2P number is far less than RPTs. RPT have more than double JKX in Ukrainian reserves ! RPT have 50mmboe in 2Ps and that doesn't even include the VAS field ! So if you're interested in cashflows , RPT has substantially larger upside as it stands. Hope that helps - you will find the reserve numbers in the annual reports of both companies. RPT is in much better shape , have very strong upside from its Ukrainian operations. They are in the enviable position of being able to buy large assets that can multiply free cash even further
As for RRE, they will a huge liability on their balance sheet when they come back to the market. It will range somewhere between $0.5-1bn. That is cash that will need to be found down the road
The use of wording used by many posters on this board suggests we are in the company of a few 'experts'. We are blessed.
I would like to highlight something that has surprisingly been MISSED though by our 'superiors', or should I say dressed up as something else. From the official information disclosed by RPT, it is clear to me production fell in April, but returned to full capacity in May and June. I am sure you can all crunch the numbers and reach the same conclusion. Why do you think that might be? Maintenance of a particular well is a valid reason imo, a norm in any oil/gas field. Any offers?
Hi Bangrak, your net profit figure for RPT is incorrect.
Correct on one thing NI, JKX does not have the same cash yet, but far greater reserves and now they are producing a greater net profit, JKX is producing about £24m net profit (with new well) as of today and RPT £16m. The market does not value things on its liabilities alone. Suggesting anyone who may have switched into JKX now as having made a mistake is questionable, you were saying this was a good buy at 60p so let's not forget that questionable comment. We shall wait and see who is correct as we will on Cravens lot, but at today's date i say JKX is the better place for money of the two as that is 80-100p and this is about 50p if they keep VAS, no VAS and its 40p.....hence why it is sat at 40p I guess. I don't hold either, most of my funds are in RRE and they will stay there for most of 2019. Impartial & factual views from Krok, quite rare on a BB, nice to see.
Take a look at the RPT website
http://www.regalpetroleum.co.uk/uploads/regalpetroluemar2018.pdf
That info is available in today’s RNS.
I have been out of this stock for a while grounding, would you update me, where is the cash held and in what currency? Thanks
Rocker, I know it is painful, take it easy. Novinsky will come and he will take you over lol))) Like Pinchuk did in the past))
I say what I think is relevant. It’s not a world full of butterflies
If you listened to what I said in the past, you would have been much better off by now
For the record, I am not saying to switch to JKX now and never said since last December. When it was an obvious move
But JKX is a good example of how great performance been ignored by the market recently. Would not be surprised if RPT do not move much on VAS reserves and/or well result
We are back to 38, crazy
Cash is king. JKX do not have Regal's cash, JKX have a far greater liability number in their books, JKX have a much smaller reserve number allocated to their Ukrainian reserves. If you have switched into JKX, you may have made the wrong move - especially at a time when theirs no clarity regarding who is in charge. Regal is the stronger business with a far less complicated structure and able to execute a large acquisition - either outright or going even bigger by financing some with debt (the larger players in the market would probably like that)
Sure you not got a demo account mistaken it for real cash?
Great entry price for newbies, only downside was krok and his very negative posting everytime somthing positive is announced. Very Strange he says he owns £300,000 worth of stock which I personally think is a load of bol#@¥$!!! He always mentions jkx which is no where near better than regal. No debt, cash king , no liabilities, can't say the same about jkx can you!!! Your best of not posting your negative crap and stay on jkx board or try get a job there !!