Member Info for 42trader

The 60p bottom you've called looks like a good call. Time will tell. With a NAV of $1.04 and an enterprise value at over double the market cap makes HYR certainly looks cheap.

It is possible to buy at 64p for smaller trades which suggests most trades shown are actual buys.

Just bought in here today after releasing equity from BOO yesterday as I see a far better potential here now, albeit with more risk.
Read into this what ever, but I notice the share is not as illquid as it was a few months ago.
I notice the 56p resistance level LBG mentioned, but I am not show tbh if the sp will drop much further. Holding cash to add on further drops.

I wrote last month that RWI had a NAV price of 55p. This is incorrect, it is 0.55 euros which is approx. 48p.
The company certainly has issues, but I think investors are waking up to the fact that it is very under values now.
Currently RWI has an enterprise value 3x that of it's market cap. I'm not sure when I last saw an enterprise value so far out from the market cap.
The change in direction of the share price started from the the TU on 29th March. The BOD have removed ATM from their forecast, which leaves only an upside if shipments are allowed to continue.
Their bank facility has been extended which removes financial worries.
The sale of Reym remains on track.
And, what I liked most, was the reduction in the dividend which will save 30m. This is an easy saving and the correct one to make. They could of axed the dividend altogether but that would of forced some institutes out and hurt the sp more.
Other savings through cost cuttings and improving efficiency will be carried out and the group expects to save 30m this year and an additional 40m next year.

Overall, despite the hard times, the company has set out plans to turn the company around. Over sold and under valued now imo.

Could well be. It is well under the NAV price and has broken out of the downward trend channel.

Financing risk: At the time of writing, we estimate Tower has very little cash on its balance sheet. Thus we believe it would require either debt or equity (or a mix of both) to fully fund the NJOM3 well. If successful, we estimate the rest of the phase 1 development would require further capex of $65m. In the event of establishing commerciality, we believe it should be possible for Tower to secure debt financing or potentially farm-out to a company such as Perenco in return for a carry on some of the development costs. We understand that the company is in discussions with potential lenders for both pre and post production financing, as well as pre- payment/offtake facilities with commodity traders. On the 16th April Tower disclosed that it had been in discussions for several months with a prominent African bank for a loan facility of $15m for the Njonji development, which could be extended to $50m, and that it is hopefully such a facility could be in place by mid May. Tower disclosed it has also been in discussions with several possible partners for the Thali licence. In the short term, Tower agreed a bridging loan of up to $750k for working capital with Pegasus Petroleum Limited (beneficially owned by Jeremy Asher).

Sold out a week or so ago at 1114 hoping for a retrace back to 940. After re-looking at the charts I bought back in at approx 1020 with an increased holding. The charts show FDEV had broken out of the previous resistance and pulled back to it at 1000. Hopefully it is just consolidating here before it starts it's next leg up. It is possible it will drop further to the bottom of the upward trend channel at approx 900 where I will happily add.

http://www.chartupload.com/viewer.php?file=79682365096936133377.png

Planet Zoo

Frontier are claiming that Planet Zoo will show the most realistic looking animals ever seen within a game. Take a look at the link OilNovice has given and judge for yourself. Looks very impressive to me.

Liberium are suggesting that this game will comfortable bring in revenues of £20m and FDEV to build a cash pile of £50m over the next few years. They have not changed their target price (TP) of £18.

Finncap have a target revenue for the game at £25-£30m. They have reiterated their TP which is £1750.

"We reiterate our current forecasts and highlight that the stock is trading on just 25x
expected FY 2019 earnings which are already banked on the success of Jurassic World
Evolution."

No release date for the game is set yet but it is expected in late Autumn.

Well I had a sell order for 235p in place up until this morning when I cancelled it based on the results.
235p is a resistance level as well as top of a downward trend level.
If it breaks, 266p is my next target but I am tempted to hold further but will decided nearer the time.
266p is another resistance level and also the top of an upward trend channel.

http://www.chartupload.com/viewer.php?file=75190168928523536551.png

Bull points

Extremely good results that were already upgraded from January.
Previous results extremely good.
BOO stock is cheap vs it's peers and industry with EPS Growth, Return on capital, Return on Equity and POperating margins.
New billion pound distribution warehouse opening this month, will improve logistics and increase revenues and profits.

Bear points

No dividend
Getting over bought
Hitting resistance levels

IMO the bull points far out weigh the bear points.

Here is a paragraph from Zeus's 15 page broker report. There have set no target price.

"Revenue of £856.9m is up 47.8% year on year (47% CER) reflecting impressive growth both in
the UK (+37% YOY) and international markets (+64% YOY). Adjusted EBITDA of £84.5m is up
48.5% benefitting from a 190 basis-point expansion in group gross margin to 54.7%, enabling
the Group to invest further in its customer proposition. Robust cash generation driven by
improved inventory management resulted in net cash on the balance sheet of £190.7m at the
year-end despite significant capital investments made in the year.
Today’s results are ahead of our forecasts, which were upgraded in January of this year. This
is driven by sales outperformance, improved margins, lower than anticipated depreciation
charge and higher than forecast interest income, with the year-end cash position £3.2m ahead
of our estimates."

Almost added yesterday but held back thinking I had more in here than I do. Well added this morning taking my average to 9p. Very happy with anything under 10p tbh. This can move when it wants to.

As expected, BOO results are excellent.
What makes them special is the fact that forecasts have all been beaten and these forecasts have already been upgraded.

Revenues beat forecast by £20.3m
EBITDA beat forecast by £4.1m
PAT beat forecast by £3m
Cash position at £190.7m, beating forecast by £3.2m

Retail in general has kept the share price muted.
As for ASOS, well, ASOS had poor results while BOO is beating forecasts so it would be unfair to compare imo. Better to compare with Zalando who are also beating the market.
Boo though, is cheap compared to ASOS and Zalando when using PEG though is is probably due to the lack of a dividend.

While technically boo is now over bought on the STOCH and RSI, it is only just hitting those levels. Not unusual for it to continue over bought for a while and continue rising. What has happened though, is Boo has broken a resistance level and then retraced back to that resistance level which if it holds, becomes support.
It is too early to say which way it will go but my hunch is it will continue upwards as investors buy into the good sales reports at a traditionally poor trading period. My guess is Boo will be beating market forecasts once again. Whether it sells on the results is anyone's guess.

Amazing! All those sells, yet the share price rises. Unless......... those sells are really buys? No. Couldn’t possible be that.

The share price has risen 5% today. What makes you think they were sells?

Good rise over the last week or two in particular the rise today.
I believe the rise is based on Zalando's Q1 beating market forecasts which shows that not all retail is suffering.
Bear in mind that BOO's forecasts are growing and beat expectations last trading update they could well be expected to continue beating forecasts after the Zalando's TU.
Also, Boo are trading on a PEG of just 2.12, which compared to Zalando 6.3 PEG rating provides a considerable discount.

http://www.chartupload.com/viewer.php?file=26494764997296615031.png

This chart I plotted on 22nd March. As shown, the break out has happened. Good to see it break above resistance now at 215. If it can hold this level, expect to see 245 quite quickly.

We,, its heating up today. 25% up now.

yes good results but still over valued.With profits of 80 million a year it would take you 19 years approx. to recover your expenses if you bought the company. Wait for a pull back in the share price before re-buying. Target price 735p.

Canaccord reducing heir holdings.

https://www.investegate.co.uk/redde-plc/prn/holding-s--in-company/20190409130905PA68F/

Maybe justified if we were at 30p, but for a company that has no debt and growing revenues/profits as well as a healthy cash position, only intention to only spend in-year cash flow on CAPEX, and of course, plenty of skin by bod with an average higher than current sp, the share price should not be sitting at the NAV price.

Simply put, AMER is under valued.

Amerisur has released its 2018 results, reporting production of 5.4mbbl/d and end 2018 net cash of US$44.1m in line with our forecasts, though EBITDA of US$34.0m was behind due to slightly higher costs.

We adjust our forecasts for this, but also for a redistribution of expected drilling CAPEX, detailed below. After a number of years of building its portfolio, Amerisur is now moving forward into a period of increasing drilling activity. This should initially comprise appraisal and exploration wells on CPO-5, with more drilling across the portfolio from H2 2019, all supported by the company’s production cash flows, existing balance sheet and the US$93m farm in by Occidental.

Given the funding position and newsflow outlook, we have a Buy and 32p target.