RE: Malcy's BlogToday 08:14
At 8.1p and GBPUSD 1.235 Zero Debt firm SDX has a negative Enterprise Value if one takes into account Inventory and Investments (relatively liquid assets) - Insane...
Brent: $110.50
Share Price: 8.1
Shares Outstanding: 205,378,069
GBPUSD Exch Rate: 1.235
Market Cap GBP: £16,635,624
Market Cap USD: $20,544,995
Debt: $0
Cash (1 Feb 2022 Operational Update): $10,600,000
Inventory (From 2021 Full Year Results): $6,747,000
Investments (Egyptian Oil Services Firm per 2021 FY Results): $3,593,000
Short Term / Liquid Assets (Net Cash + Investments + Inventory) as % of Market Cap: 101.92%
Short Term / Liquid Assets (Net Cash + Investments + Inventory) as Component of SP: 8.26p
SP if only Cash taken into account (SDX IS DEBT FREE): 4.18p
Enterprise Value(EV) (Only Subtracting Cash): $9,944,995
Enterprise Value(EV) Sub (Cash+Inventory+Investment): -$395,005
Prod Guidance 2022 (3,300 - 3,550 Mid is 3,425): 3,425
EV/Barrel-USD (Cash): $2,904
EV/Barrel-USD (Cash+Inventory+Inv): -$115
(Minimal Decommissioning Costs)
* Figures are from Official London Stock Exchange Website - given other sources having erroneous/inconsistent data.