Member Info for Auson

Lemming99,

So they are doing ( a whopping ) 2500 barrels equivalent per day. You know Harbour is doing 210,000 per day ? With such tiny production and all over heads etc I wouldn't be surprised if the £650k revenue per day costs them £750k per day in Op Ex and Cap Ex.
It might come good but I would be careful with it...and its not for me.

buffit,

That was a joke right ?
Occam's razor
'the principle (attributed to William of Occam) that in explaining a thing no more assumptions should be made than are necessary. The principle is often invoked to defend reductionism or nominalism. Compare with principle of parsimony.'

Possibly but occam's razor says as there is a load of placing shares at 7p with warrants why not sell above 8p ?

Lemming99,

What is their current production over there on IOG ? I see they have never had any revenue and burned through over £40million last year. I prefer Harbour or BP in that space they have massive cash flow, profits, share buy backs and dividends.

131,656 just bought at 151.91

Jim800,

I did hear somewhere Vodaphone has an awful lot of 2P and 2C reserves !

PortStanley,

A Nun in a cucumber field ?

Google, Netflix, Publicis Groupe ( also tech stocks AMD, NVIDIA, Qualcom, Intel ) all up this afternoon. I don't see any reason to sell this unless you need the money.

Nacho99,

Yes but they have never made a post tax loss of £2919 million either.
In my view they are using debt to prop up the share price and add growth.
Profit before tax here of £419 million but increase in net debt of £1600 million
with Net debt up to £3100 million at end June 22
Currently working capital negative by £232 million YOY
I noticed net assets here at end 2021 were down to £4029 million at end of 2018 they were £9806 million.
It looks like Publicis could be a better bet. With only $239 million net debt Free cash flow of $1400 million and an operating margin of 17.5% versus only 11.5% for WPP

Nacho99,

One has £billions in debt the other doesn't. Just imagine where the share price would be without the buy backs 600s is my guess.
SFOR has been over 800 and you can buy them today for 146.
As I said previously it might be a good strategy to cut some here and have some exposure over there if you want exposure to the ad space, as it will out perform WPP share price my some magnitude.

Nacho99,

Thats little consolation from 1150 to 817p dividends also get cut in hard times/ recession. Potential recovery here has to be 817-950 or even 1000 plus your 3.8% divi. Or on SFOR potential recovery 147 to 420 range with 0% Divi

I think he meant on FPSO and contracts costs.

WPP closed up 1.6% SFOR closed up 6.5%

Manunited31,

No problem its just what I think I see happening here right now.
As I said before there was 4.95% stock lent out here so the shorts need to buy that back to profit ( under 330p I would say)
Good luck all

Manunited31,

Its not the brokerages, this stock is on the fully automated SETS order book. What we are seeing is the Algo programs run by market participants ( ie the short interest ) to hold this down while they close.
NigeCo, We won't see a massive 'short squeeze' in my view but it will re-rate above 200p while they close in my view.
The latest short interests average is around 330p so anything under that is pure profit for them.

Volume still quite small.. controlled short exit.
Finish over 140 would be good.

Capital will out perform this my a magnitude. Definitely worth having some exposure over there too in my view !

NigeCo,

Its obvious there are now some very sophisticated algo programs out there which can on a short time frame overwhelm the SETS order book software.
The thing to remember is they are doing this for a reason.. to push holders out, trigger stop losses and kill any positive momentum.

What ever happened to that DT Ultravert technology ?

r1234,

I have seen multiple times here the spread being the wrong way around, as in they will give me more for my shares than I can buy them back for.. funny old world.