Member Info for Conger2

Just though i would post this for people looking for a massive dividend share in ISAs or nearing retirement. Do the research but this share has paid a high dividend every single year for 15 years and has a 9% current yield.

In the meantime good luck with Syn, i honestly hope this works out for very of the LTH, didsappointed with the chare price reaction after the RNS.

Https://www.selanoil.com/wp-content/uploads/2024/02/Regulation-30-Announcement.pdf

No i was just correcting then defending my new lower valution and reacting to unresonable attacks against my character.

As a some and as I have said I am out good luck all.

Https://www.selanoil.com/wp-content/uploads/2024/02/Regulation-30-Announcement.pdf

Am i?

Would not disagree :)

Https://www.selanoil.com/wp-content/uploads/2024/02/Regulation-30-Announcement.pdf

Mike drop .....

Wow there it is in black and white.

10m not 20m. USD.

When are they paying the 20m and who too Pe6169?

I would say after the GOI approval, after they own 50% of the JV and they are paying the JV.

I 100% agree i have been very claer this is how the new JV partner is valuing Cambay nothing else.

@pe6169 They are paying 20m of the JV costs not 20m of SYN costs ...

Do you not agree at the point they are paying 20m of the JV cost they will own 50% of the JV?

So see they the deal valued camaby at 25m USD minum at this point with is

10m of SYN costs

2..5m GOI payment

All doubled as this is for 50% of the Asset.

It takes no account of the other value in the business or the profit the new parnter is hoping to make.

this vlaues Cambay at about .2p now a share.

Then there is the bonus payments but they should be discounted down and they are risky, but with those 9m USD again doubled you get 18m USD or .15p so the valution of Camaby is in the range of .20 to .35p per share for this deal.

I think i did the right thing to exit at this point as i can not wait for the growth further down the line as i am retireing and am looking for high didvdend shares going forward. So there is a whole person element in my exit that would not effect the majoirty.

Atcually you could double it again to 20m USD as they are paying 10m of SYN costs in the JV to eventually end up with 50% of the Cambay so 100% of camaby is worth twice that before the deal.

O boy this is painful.

Absoultley agree with this, compnay is worth much more long term.

Its still a good deal, if it all goes well enough it will unlock Cambay and make Cambay worth much more than the 25m current value they are giving it. Hence the extra $9m of potential sucess payments.

There is still lots of future cheese if it works out.

But if they own 50% they would have paid $10m of the $20m so they are carrying $10m of SYN costs of the 20m program.

All gone I am out.

I also made a mistake in my valuation earlier as Eligance has done the same, you need to 1/2 the 20m USD for the valution of Cambay as the new compnay would own 50% so would have paid 10m USD anyway of the costs and 20m USD is the total costs with SYN owning 100%.

I only realised this evening, so the low asset value for Cambay is .22p a share based the reaining 50% on the deal.

In short they valued Cambay at 25m USD in total as they are paying 12.5m USD for 50%, the rest is bonues and future etc ....

I did the same calaution Eligance early today and came to the same figures as you but realised i made a mistake this evening.

The 20m needs halfing as they would own 50% so they are not carrying $20usd of SYN costs becuse as 50% holder they would have paid $10m USD of those costs anyway.

It knocks .1p off you low calcuation making 0.22 the low value now, i came out at .32p ealier as i have the same error as you.

Good luck all.

I was not ramping once I decied too or started selling....

I was expecting a much bigger rise, but decided to stop slice a bit and as it slow and then saw the liquidly issues already so just went for it as quick as they would take them.

I been here very long time 10 yeqars maybe, and am one the few who has made money out of this share about £100k profit including todays. I never expected to be in so long this time around, the dealys in India are too much to take!

I honestly wish you all the best and hope it works out.

It's asset value is a lot hgher than the share cap value, i thought it go into the .3s at least to be fair.

85m shares sold for about £20k profit, not as much as i would have liked or even expected, but this share lacks liquidity for large quanities, there might not be another large sell oppotunity for years and i have hit my retirement portfolio traget with its recovery and rise today, so i need to derisk and move into different high dividend shares.

With 85m shares dumped I suspect I played a part in killing the rise today., sorry.

Good luck everyone and thanks for all the fish as they say.