Member Info for 34adsaddsa

I did say the £2.70 stuff was total fantasy. The problem here is that they have cash but not oil..

I bought some this morning at 24.6 and sold at 25.6.

Highest in almost 5 years. I wish they would just pay out the god damn cash. It's so stupid not to.

The price of CPO spiked because Indonesia have increased the amount that must be sold domestically at fixed, below market prices from 20% to 30%.

Looks like highest volume in 3.5 years. Ideal scenario is someone is getting out for ESG reasons and once they're gone we fly..

No, it's not the fundamentals. The last broker rating being from 2014 is a greater reason..

I think the analyst price targets are always higher than the share price because the only analysts spending time it are employed by businesses which receive revenue from the SDX.

If you'd had your way we'd be stuck at 16p

The valuation of this thing is always going to be terrible but it's probably trading for about the cash balance at the moment. Putin has semi-taken the bits Russian forces were already occupying in all but name. I don't think our assets will be in any danger.

I'd love them to start paying a dividend because - as you say - they are going to be spewing out a lot of cash.

Nothing too scary so far.

You never know, we might hit 21p tomorrow.

They're only buying back below 200p.

They really do need to buy something soon. https://africaoilgasreport.com/2022/02/farm-in-farm-out/nnpcs-grab-and-grab-will-demarket-the-nigerian-hydrocarbon-opportunity/

Both the PM & Chancellor oppose it. It's not going to happen.

It's not feasible to buyback ~60% of the shares in the market within any reasonable time period. All shareholders have the opportunity to gain equal benefit from the tender. You either tender or you don't.

MPE also have property interests in Malaysia but even including that, this is still far cheaper. I'm sure it's the management: her huge shareholding and lack of dividends. Historically they've reinvested in the business and it has grown significantly. That has put us in a great position for a time of high prices but it's not the sort of thing most investors are interested in.

It's really illiquid. I think it could reprice on almost zero volume if there's a catalyst. Doesn't even need to be the company, could just be it catching on via message boards etc. But company action is most desirable. They need to distribute the cash, it's insane.

Wow, it's literally a banned word. That's crazy.

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