Member Info for bassilika

Pre Iran war Brent was just under 60 dollar a barrel. Started going up on rumours of staring a war

What response ?

Sausage is working hard on new disinflamation theories overnight

Clearly they are struggling to find someone to fund the drill and clearly they keep on hoping for a decent offer to materialise hence delay after another.

You never know, maybe they are working on a good deal to finalise and announce let’s say by April at the latest or I reckon this share will worth nothing as don’t think shareholders can deal with another delay or fund raising without such good news.

Https://www.reuters.com/sustainability/boards-policy-regulation/eu-says-spains-airline-fines-over-cabin-bag-fees-breach-regulations-2025-10-08/

But yeah, debt was much cheaper for sure

Not really, they had similar jet orders in the past , they were in a worse cash position from now when they were making at least 50% of PAT dividends. This applies to the period from 2013 to 2018. They had something like 135 jets on order announced in 2013 ...

I really think that Easyjet should return to paying higher dividends from current levels to boost the share price. Even when taking the share Dilution they had, they are no where near their past payouts. They need to go back to paying 50% of PAT for this to move quickly or this is not looking good short term by looks of it...

AB stated in his interview that Sunda share would be around Net 15000 Barrel of oil equivalent daily.

When looked up it seems to is could lead to a market capital of somewhere between one and two billions ? Is this scenario possible? If so, this is massive and even with worse case share dilution, many many multiples are possible from here ?

Would be great if someone with experience can comment?

@Savage what a load of ***

History shows this will sky rocket with low fuel prices, with how all the stars are aligning for Easyjet and with forecast with even lower fuel prices toward end of the year. Wouldn't surprise me if this goes over 1000 sometime in 2026.

Anyway, doesnt take much to compare fuel price with easy jet share price over the past 15 years to know where this is going. Corona days are obviously Irrelevant...

AB did say they are restricted from shorting the stock. As of flooding the stock with new shares, it all depends on the share price as a higher share price means less new shares coming in and a conversion price over 0.07 is a win. If share price rise over 0.1, this will be a massive win for AB. After all 20mil or 40mil market cap is still very low if this project does see the light at the end of the tunnel eventually.

This could turn to an amazing deal if the share price rise over the 0.07 mark before the notes are due to be converted by the 3 investors. If share holders have no faith and they drive the share price lower, it will turn to a bad deal. Think it is as simple as that.

From Hannam and Partners research note

“ The CLN facility is being provided by three institutional investors and will be drawn in six US$1.5mm tranches, each carrying a 10% finance charge. Every draw converts at a 15% discount to the lowest previous 20-day VWAP, while Sunda retains the right to redeem outstanding balances at a 12.5% premium. The investors will also receive warrants worth 75% of the principal plus drawdown charge, exercisable for three years at a 30% premium to the relevant conversion price”

Https://www.proactiveinvestors.co.uk/companies/news/1070149/sunda-energy-reaches-milestone-with-9m-of-new-investment-to-advance-chuditch-gas-project.html

I managed to access it

"Our risked NAV, on a fully diluted basis, is 0.26p/sh, which implies 220% upside to

the current share price. Our risked NAV on a basic share basis would be 0.37p/sh.

Overall, we estimate that Sunda’s unrisked value is US$319mm or 1.02p/sh which

is 12x the current share price."

They just released a research note but cant access it as needs subscription

Correct me if I am wrong, but the RNS reads the following

"The Investors have the option to convert all or part of the outstanding balance of the Loan Notes into Ordinary Shares at any time before repayment of such outstanding balance by the Company is due, being 22 April 2026 (a "Conversion")."

Meaning the loan can not be converted to shares until April 2026, yes 2026 not 2025 which is way past our drill date and the share should be much higher by then if we have a successful drill. I think this is very reasonable myself

Keep on overthinking imaginary scenarios and you will miss out, betting on the US to default is day dreaming

- Fuel is cheap, we are already in Q3 and easy jet is only around 54% fuel hedged in second half of 2025 and only 24% hedged in 2026, meaning additional unforcasted cash is coming in

- Easyjet hedged its fuel to 1£ to 1.26 dollars, with strong pound, they are making lots of more money on their hedged fuel

- Fuel is 25% of Easyjet expenses, so dont underestimate its impact.

- Easyjet is a budget airline with no connection to the US and its Tariff problems, if anything, these conditions will generate a boost to them and will perform better than expected in recession scenario.

- Easyjet might move with the market at the moment but with being profitable eventually share price will move and no one knows how quick this will be.

@Eddie

Did AB communicate via email any update about the pipeline feasibility study? In his interview back in December he said this is the next step to complete by April?

This is a strong buy in my opinion and just falling with overall market for the time being. Eventually it will adjust and go back on track as fundamentals are right

- Oil prices under 70 dollars, amazing for airlines and will show in their accounts

- No Tariffs on flying and cost of planes is tiny factor to count for

- This year is still forecasted to be better from last year which was amazing anyways and made very good profit.

If you cant live with the falls, stock market is not for you. there are traders and there are investors and on the long run investors always make more money. I see nothing wrong with this stock to pull out just market fluctuations which I doubt anyone can accurately anticipate.