Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
so you are saying every index can go up apart from the ftse...ever?
ummm
so you are predicting the index will go backwards by 1/4 of a century?!
the FTSE is clearly held bakc and the DOW is clearly pumped to the gunnels
Remember the Dow high was circa 27,000!!!
The whole thing is as bent
I do
For many reasons
I think the FTSE has been held back for the last 3-4 years on Brexit, once this is voted through the house, sparks will fly
You cannot have a stock exchange that doesnt rise over nearly 20 years!
Clearly something is very wrong here
Lets have a look at the indices and see how much more crazy they actually are
Going back to sept 2000 against todays index values
Sept 2000
FTSE100 = 6760
Dow30 = 11700
today
FTSE100 =7090
DOW 30 = 25370
In nearly 18.5 years the increase in the indices are:-
FTSE 5%
DOW30 117%
the DOW in 18.5 years has risen 23 times more than the FTSE100!!!
You really think the top 30 companies in USA have outperformed top 100 UK companies by 23 times?!!
The FTSE to have only increased 5% in nearly 19 years!!
Food for thought eh!
My theory is the FTSE will soon be pumped up to 9000+
Any thoughts?
what exactly is going on re ftse and dow?
anyone?
$16 brent....from low when PMO was 54p (unbelievable!)
usually moves at 4p a $1 per brent
54p + 64p (plus the positive news today)
118p+
i reckon 110p - 147p (double tops) isnt a bad shout for a target range
A close above 82p is the Bull Alert
Well Catcher is chewing nicely through those tax losses, but what i think he is saying is no big projects and if an opportunity arises to invest in a producing asset, then he might invest? The tax loss offsets a re large and they can justify a good deal when offsets are set against them.
Off course his eyes are open to a deal here or there, but not a Catcher size project, something thats going to work the tax losses for a tidy profit from investment
I can
So maybe be more positive when a price breaks out?
Its been a long wait to see this move to where it should be
the RNS could not be any better, things are moving along in Premier extremely well
Have a little more patience, it can break out big time in a flash, as we both well know
err it does matter what the fundamentals are
And it does matter what hedges are in place and Brent price
A little short are we
:)
Brent has risen circa $16 in 10 weeks
that should, coupled with extremely positive record breaking news double the share price!
110p is probably a low ball target, quite a few brokers before news much higher
when you think of all the problems 2 years+ ago and now Tolmont, Catcher, record breaking production, lowest base costs per barrel, debt reduced, projects galore, big free cash flow, etc etc etc at 70p area then!
Now brent is much higher than then and hedges at $70
And price after visiting 150p area now half that price?
Pure bonkers
Big value here now, market knows it
Hence hedge at $70
when it clears 82p
itll be rapid to 110p area
HOLD/ADD
PMO was at 150p area
Hpw can this be under 100p after this stonking news
Im grabbing some
Ps Hi, im back :)
More to the point, has there been a big boost to the SP since Catcher came online? (other than the sp merely tracking brent)
Answer = NO
When you have a huge potential such as Catcher come online and produce huge revenue and profits as it is clearly demonstrating, you cannot keep pricing that company as if the oil is still in the ground and nothing has happened! You cannot keep PMOs sp merely tracking brent after such huge projects are now in full flow
We all know there is manipulation here, any fool can see that.
so tell me why the huge difference?
if such an advantage tell me why TLW v PMO cost per barrel are roughly the same?
PMO made good decisions, its not about owning rigs, its about making profit from whats in the ground
You lease rigs for a very good reason btw!
You will never see PMO priced in this ridiculously low range ever again
TLW roughly 5 times PMOs mcap
Roughly same production
Roughly same debt
Huge potential ahead
Catcher asset isnt even in the price! LOL
Price will triple from here
TARGET 200 PENCE
not much point in calling a bottom anywhere imo, its your own interpretation of value in a range
20-30p imo is very good value for whats already on the table
let the market digest and realise