The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Pboo, I for one am grateful for the company updating shareholders rather than sitting in silence. Progress is being made however you may deem the pictures crappy. I guess maybe the guys on site aren't all David Baileys and are just snapping a few pics and sending them over.
Thank you for your mention in your twitter account ***Some say she is just a mum who does this for a hobby instead of peeling potatoes all day an not the mouthpiece of #UJO @UnionJackOilplc ...all we know is she is called ChristineTaylor...an a very intelligent one at that 🙄***excelling my intelligence. However, I am afraid it is a little misleading as I have to admit to taking the comments on Zephyr energy from this analysis https://simplywall.st/stocks/gb/energy/aim-zphr/zephyr-energy-shares/news/zephyr-energy-lonzphr-has-a-somewhat-strained-balance-sheet-1 so unfortunately I probably haven't met your expectations 😥
Only fair to paint the full picture Hydras, when you are pumping a stock on another company, don't you think? X
Zephyr Energy had liabilities of US$37.7m due within 12 months and liabilities of US$14.7m due beyond that. Offsetting this, it had US$6.19m in cash and US$6.04m in receivables that were due within 12 months. So its liabilities total US$40.2m more than the combination of its cash and short-term receivables.
This deficit is considerable relative to its market capitalization of US$61.2m, so it does suggest shareholders should keep an eye on Zephyr Energy's use of debt. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution.
Even though Zephyr Energy's debt is only 1.5, its interest cover is really very low at 2.0. In large part that's it has so much depreciation and amortisation. While companies often boast that these charges are non-cash, most such businesses will therefore require ongoing investment (that is not expensed.) Either way there's no doubt the stock is using meaningful leverage. Shareholders should be aware that Zephyr Energy's EBIT was down 64% last year. If that earnings trend continues then paying off its debt will be about as easy as herding cats on to a roller coaster. The balance sheet is clearly the area to focus on when you are analysing debt.
Over the last two years, Zephyr Energy saw substantial negative free cash flow, in total. While investors are no doubt expecting a reversal of that situation in due course, it clearly does mean its use of debt is more risky.
To be frank both Zephyr Energy's conversion of EBIT to free cash flow and its track record of (not) growing its EBIT makes things rather uncomfortable with its debt levels. Overall, it seems to us that Zephyr Energy's balance sheet is really quite a risk to the business.
Who's changing the goal posts Heid? I am just realisitic, I live for the day, I don't believe that anything stated 5 years ago should be relied on today. Did you think Europa would be moving into Equatorial Guinea? That Egdon would sell out to Heyco? That Reabold would pump everything into Italy and not progress West Newton? When things change, you have to change with them and not dwell on statements from half a decade ago. I think maybe you got too enamoured with David and started seeing things through rose tinted specs, contact with a CEO, all very sweet and warm. But instead of telling yourself you were invested in a very high risk market, you washed all that aside and seem to be unable to take into account all of the forces that have damaged this sector, preferring to blame the management who I believe have actually done very well in respect of the things they have control over. The share price is, yes, abysmal but laying all your woes at David's feet is a little silly dear x
Heid, things can and do change in 5 years, a belief back then is hardly a testament to what has happened in all that time. How many companies are doing what they intended since all that time has passed? How many have cash, how many are debt free, how many are generating revenues, how many have actually paid a dividend, how many have repurchased shares? Probably none. We are invested in a company with a strong chance of returning shareholders a profit compared to many and constantly whining about the situation today is hardly going to help or change anything. Its just monotonous to be honest x
Mentioned in a blog, https://ujoukus.com/failures-and-fault-just-who-is-responsible-when-things-dont-happen/ I am honoured lol. Heid, I think you are taking Davids comment "just because we are not an operator means we do NOT rely on everything said by operator. We do our own DD & team's second to none & every aspect is covered' way to literally as this I am sure would apply more to the geological work and examination of the assets and prospect success likelihood. I don't think he is saying in terms of relying on the operator he is DD encompasses the operators actions.
And I bet he hasn't told you anything more than is already known Heid, in reality, he cannot say anything outside the public domain and he too is reliant on the operator for his information.
Thank you, but as I said. David can only be confident based on what he is told. If he worked on the basis everything the operators say should be taken with a pinch of salt, we would never have any news or any idea of what was happening. X
I still think it is the operators who are and will always be at fault Heid. Union Jack are invested in them, they are bound by their timescales and rely on their statements. If Reabold confirmed to David Bramhill that they had sorted funding, that West Newton would be mobilised this year and that he could confirm that to the company's shareholders, I can see no fault on his behalf if the operator failed to achieve their goal. You have to be reasonable and understand this because I see no other way to interpret anything that is released by the company. No way would David have stated he was looking forward to a renaissance of West Newton if he wasn't assured of that by Reabold. Similar to Keddington, you stated Mark Abbott confirmed to you that was going to he drilled last year. How can anyone reasonably blame UJO management if they were told the same? X
I think inferring David is a liar when things don't come about as he may have stated is a little naive to be honest. I think he is a genuine guy but when he says something in an interview, it is said as things are at that moment. We all know how the operator says things and then doesn't follow through, that really isn't the fault of Union Jack, they aren't going all out to deceive shareholders, what in earth would be the point? X
Heid, having had a good look through your X account, I can't really see where you are coming from. You obviously have an interest in the oil industry but you contradict everyone that has far more experienced. I see you have insulted Malcy, you tell David, Joe'ofarrell, Oil&Gas advisors, anyone with an obviously wider range of experience how to run the company as if they should take note and change their strategy to suit your opinions, you create lots of images, some I think are quite offensive and unfair, all in all your X account is targeting my investment in an extremely negative way. I can understand your upset over the share price for your family investment, but let's be honest, nothing you say will change the company's direction or strategy, all you are actually doing is creating a terrible negative scenario, giving absolutely no credit for anything positive that is being done, in reality, you are damaging your family's investment. It would be far more sensible surely to sit back, accept the company will progress their strategy and allow them to do so. There seem to be lots of things going on, let's all see where they go with it all x
Before anyone comments on their 'fist' purchase, it was meant to say 'first' lol.
But the very fist purchase returned 10% of the cost equating to about 50/60,000 pounds. The latest seem to be very interesting with some major names involved. Also, there are wells to be drilled that Inion Jack will receive revenues from, wells in the process and wells waiting. This move into the US will probe very lucrative imo and if the first well comes in, hopefully we will see more to come. Onshore UK is being battered by tax, planning and protester issues, looking elsewhere is a priority and that is exactly what the board have done. Thankfully not in Africa or s0me other high risk country. X
I just find it so perplexing why you seem to spend every available moment of your life, by that I mean every single day, evening, weekend etc posting about Union Jack, the board's salaries, the company failures (in your eyes) and just keep on repeating like a needle stuck on a 33rpm disc. Your opinion is well known, you have a Twitter account dedicated ro it too. Do you think by constantly going on and on and on and on, the board of the company will think or act differently?
Hydras, whilst I may not agree with your outlook or opinion here, I do appreciate your post. Thank you. It is my outside interests that give me some relief from the worry to be honest. Thank you x
Heid dear, you really are quite loopy. I was at the hospital all day yesterday with my son who is terminally ill seeing as you obviously expect me to respond. What a horrible person you are. Everything you say on here is deplorable.
Pile of poo. Hydras with his 'doctored pictures of Wressle', toxic water being pumped down a drain, Heyco deliberately stalling operations, tankers leaving empty of full of water, Karina1 on site at Wressle, me being David Bramhill, everyone according to Heid being a UJO employee who likes gammon, the wrong equipment or rusty equipment being used in the US, honestly, I have hever read so much rubbish in all my life. No wonder sentiment is squashed flat here.
Hydras, dear me. You are a desperate so and so. Insurance lol? Come on, you are trying everything aren't you? The company out there are long established and reputable. They are constantly drilling, I seriously question YOUR agenda, it seems to be making up stories and convincing yourself they are real. The share price at the moment is what it is and the situation in the UK is causing it, not your Heyco, water and insurance cr*p x
Pboo. I see little truth in reality from you as you have an agenda which I note you didn't deny which says it all x
Shednotears, some of these nasty posters on here like Hydras are probably Tom Winnifrith's lackeys. Strange how they all appear then he does a hit on Union Jack. The thing is, they work consistently to undermine any positivity, hiding behind the fact they wouldn't have the courage to say such awful things face to face. Horrible people. X