RE: Today7 Apr 2020 07:56
Ferroty, thanks for running the closing sweepstake.
Unfortunately, the result was wrong, we must all try harder next time!
I think that we will have a blue day today, and that after the Analysts' briefing at 10 am, the pundits will wave their wand over the numbers.
The Yahoo Finance analysis is worth a read but is very conservative.
https://finance.yahoo.com/news/calculating-intrinsic-value-rockrose-energy-131130687.html
For what it's worth, I think that most of them will come in with opinions in the £15 to £20 range.
RRE is a tricky one to evaluate, should it be done on the basis of its potential growth, or now that we have a dividend, on a multiplier of the dividend stream? The likes of Shell and BP are the comparators, and their P/E multiplier is f*cked, but they are fading cashcows in a declining phase, whereas we are a bit of a rising star, albeit in the same market.
So where to today then? We should get a bit of press, and there is nothing like buying pressure to move the price.
Yesterday we saw the price spike 50 pence briefly on a £51k buy trade, which shows how much the SP is raring to go.
In a nutshell, I think that we could move up 50 pence, but I was wrong yesterday, and probably will be again today.
Good luck all, stay away from the virus and eat your broccoli, if you can get it.