Member Info for Analysister

I’ve read it a few times and I don’t really understand what they are implying or indeed saying. Has anyone else figured it out?
I wonder if it has been translated directly from Norwegian to English? Either way I’m not surprised the Faroe share price has fallen back today as this must put the current bid in some doubt.

Wow! What a great time to add significant near term production!!! Got to hand it to Faroe management and Board they are playing a stormer. Be interesting to see how DNO react to that news today!
Plus two impactful exploration wells drilling!! All Faroe shareholders (including DNO) have got to be happy with their investment. GLA

With US markets down between 3-4% overnight and sterling collapsing due to our lack of a Government, I suspect we may have more short term pain in this share price before we enjoy the gain you mention....

Agreed this and MDC etc are not the type of share that should be as volatile as they are. I suspect the “Regulators” are as useful as those officials UEFA pay to stand next to the goals in the Champs League!

Yes they are boring (sorry) the Brasse East exploration well at the moment. That’s exactly what Faroe mgt should be concentrating their efforts on and good luck to them with the well result. It’s now up to the bidder to make their intentions clear now with an official offer to the Faroe shareholders. Like the Brasse East well result I suspect that the official offer will also be coming soon.

Good for you for trying to receive a sensible answer. Sadly most corporates won’t open up to anyone as their legal advisors will advise them against saying anything other than the party line (markets, Brexit, weather etc etc etc).
A new leader is required at this venerable institution as I don’t believe the current Chair will select an inspiring ceo. My money is firmly on an internal promotion (don’t upse the AppleCart) for new ceo.

TBH they need to stop announcing and start drilling and that could move the share price much higher if the drilling starts to de-risk some (or hopefully all) of their investment projects. Hopefully very very soon.....

I’m guessing the lack of a ceo is worrying the “market” plus the unflagged ceo exit and the lack of any apparent succession planning. I agree with you they are awash in liquidity but it’s the dearth of new ideas/countries and what happens next I suspect that’s worrying the City.

You are joking? My previous notes are pretty self explanatory. (Apologies for the delay I’ve been away on holiday).

Fully understand why you won’t sell for less than 200p per share in cash! I think the Faroe team are excellent and they will add significant value in the future and DNO clearly agree! Plus DNO MUST diversify their asset base away from Kurdistan. Should be an interesting few weeks. GLA

A rather dismissive article on the DNO bid quoting L&G. It looks like they are trying to squeeze a higher cash offer out of DNO. They may get another 10 or 12% but no more I suspect, this is actually a rather big cash acquisition for DNO so I can’t see them paying a much higher price.

For a company that exists solely to manage risk their recent performance has been rather puzzling. Before we even condider the natural disasters that they are supposed to insure against let’s consider the self inflicted wounds they’ve brought upon themselves: overpriced share buy back in current markets? Allowing ceo to join competitor board (Blackrock)? Ridiculous Pref Share forced buyback?, sudden exit of “star” ceo, no replacement lined up and now being “run” by a plural chair who doesn’t exactly inspire.
This sp will have yield support but will follow markets up and down until a new ceo is appointed.

Turnover? Really? Not cash flow?

You want me to apologise for What? Please focus on facts and not emotions.
Fact #1 this company share is so tightly held it is highly illiquid and that causes huge share price swings.
Fact #2 the debtor days are rising fast and their move into other countries in the ME and Africa will only exacerbate the problem.
If you don’t want to acknowledge these facts then good luck to you. This company has a great strategy and probably lots of good buildings and staff etc, but NONE of that matters if they can’t collect the cash. You may not be worried about that (as you have stated late payments are normal in the ME in your opinion) but I am, especially as they now have large borrowings to service and repay.

What a complete mess here after reading that newspaper article. How can a small co justify £2.9million spent on “Corp hospitality” between 2014-2018 ? What on earth were the Board doing to protect shareholders money?
I’ve just finished reading Tim Steer’s excellent book on UK Corp disasters and how to spot them. He says “stay away from any company with related party transactions”. Would have been good advice here I suspect.

Interesting as the Baron CEO said that he came up with the Colter prospect in the first place! Hopefully be drilling soon so shareholders of several AIM companies can find out exactly how much oil is down there. Exciting times...

Dar, Why do you try to be aggressive to me? I am only stating a fact about NMC’s lack of liquidity which makes it a very high risk share to own. Plus if NMC management cannot collect cash from their debtors you can expect much higher levels of volatility in this share price, on the downside!

The lack of liquidity in this share is frightening. 600 odd thousand shares traded take £500million of the market cap!!
Frightening and such a difficult share to understand with operations in all those far off places.

I wish we had instead: drill after drill after drill.....:(

There is hardly any liquidity in NMC shares. A few thousand shares changing hands will move the mkt cap by hundreds of millions of pounds up or down. Extremely worrying tbh for a FTSE-100 company.