Member Info for Bridgedogg1

A great week to look forward to with the prospects of a quarterly update including the ESL deal along with an update on the accounts. Market is primed, just waiting for a signal to move this back up to £5.

Its not Morrisons that will get it, its the bond holders. They may sell it on to Morrisons but that wont have anything to do with current shareholders who will get nothing IMO

Got a good feeling about next week.

Basically there will be a debt for equity swap, current shareholders will be diluted to 5% or so if the current company.

Analyst ratings
Barclays - raised from equal weight to overweight
HSBC - raised from hold to buy

Average analyst rating = buy with an average price target of £6.85

Snore

I think if the results are within expectations and there are no serious issues (as we have been told) then we can expect £4.50 in short order. There is a certain amount of speculation build in when a company plans and suceeds to at-least double in size every 3 years.l but I think £8 was a little too hot at the time and don’t think it will get back there in the next 12 months regardless. £6 certainly possible if the 2021 and Q1 results are good.

The latest is by end May, then we are in breach. Been looking at WPP figures for comparison, I think we are both undervalued atm

How will the next drill be funded… might as well wait until after placing imo

Gross profit should be quite high, somewhere in the £500m range. I expect SMS wanted to show a statutory profit for the first time but probably another year at a loss after all the expenses. I think it’s time to consolidate all the mergers and start to increase bottom line, not just top line results. The lower the share price the more expensive these paid for by shares mergers are. If the market can’t get behind the valuation due to the lack of underlying operational profit then that needs to change. I think the Q1 figures will be excellent though.

I was wondering why we didn’t release unaudited results as we did last year.

Almost certainly a debt for equity swap resulting in almost no shareholder value

"Window of opportunity to own a big part of the market"
"Funded to break even"

Someone said 'churn done' - what planet are you on - just picked up another $43m worth of shares, $30m of which will be at a 20% discount and $20m which carries a 12.5% coupon. This will take years to work its way through.

The only reason to exercise a warrant is if you want to immediately sell so its not a huge vote of confidence IMO

Whats the deal with the results?

I see that this is loss making and has a bit of debt, does the scale of the ramp up justify the current mcap? Seems heavy considering just 6m revenue in 2022 so likely to still be loss making even with all the large pharma contracts?

Might get up to the 360 resistance today. Once that’s broken then it’s plain sailing to £5

People talk about getting better financing terms as if it’s inevitable. This company has huge debt and loses a lot of money. But dint worry Africa will send this to the moon… no wait…. Atomic will blow the doors off…. One sec…. we found 1bn barrels lying around it will be massive…
All the while big salaries paid and the one money comes from shareholders and debt.
I’m sure we will be able to buy out the Chinese because we are on acreage that has sent so many companies bankrupt before us.

I think the after hours UT are just book balancing. The blacks are off market and could have gone through at any point during the day.

Also all the upper management and those working in the finance dept will know exactly whats going on.