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Ginger, this is a PLC not a limited company. Let me reaffirm my comment, the historic losses are significant and will save COPL millions in tax savings over the coming years. A tax saving which can be reinvested back in the company to drive growth. Cash as you are aware is the most important factor in any business, but imperative in growth companies. A dividend would of course be nice but that is way down the line. Investors are not investing in COPL for a dividend. A big oiler could come along and swallow those tax losses in a heartbeat. I repeat again - very attractive! You’ve been running too many lemonade stalls mate- this is not a corner shop. GLA
Agree Ironhide. You got to crawl before you can walk, no one is buying into COPL for a dividend though, it’s a stupid decamp, the tax saving at this early stage is significant. This is the start of growth, build the infrastructure, pay the debts. That will add value to shareholders first and foremost. If you want a Dividend - buy BP or RDSB.
If you have retained losses you can bring them forward. Only once those losses have been absorbed do you pay tax. Different countries have different tax laws but as far as I have researched that is situation here. For tax purposes: $34.8M non capital losses which can be used against operating income (normal business activity) and $5.8M losses for capital losses (which can only be used against capital gains). Both these figures at FY20 y/e
Never read so much rubbish in my life. Loss making companies can be very attractive, especially when they turn a corner. I worked for a famous blue chip company once, my role was to acquire loss making companies. Tax saving here is huge!!! That’s money that gets reinvested in the company, adding value to shareholders. Very attractive to potential suitors too!
This board is getting worse, it’s the pits. Been out all day and thought I’d check and see if I missed anything,lol. Filters going forward me thinks. Have a good weekend all.
Lol. The three amigos. Wow, they spend some amount of time on this board. Don't you have something else to do? Is this your full time job? The amount of fear that they must feel must be immense, just by reading some of their comments - I think you should sell guys, you obviously fear for the worst. Can't for the life of me understand why you're still here? lol
Personally, I've never been more confident about my investment. Got my Target Price and I won't be selling until it's realised. GLA
PI’s are slowly losing the will to live with the markets. They’ve been utterly crap this year, any rise gets sold into in good stocks, any good news has zero impact. Hit targets, they get sold. Any delay gets oversold, any slight negative gets oversold. Bear market? Feels that way. Hopefully they change soon. GLA
I think the AM expected a SP of 80p by now. So, I have no doubt the broker note and AM have colluded somewhat to come to this price, however, I think the 80p is being prudent and my spreadsheet says a different TP. I'm closer to £1.30 than 80p but I'm biased :-)
to be on the sidelines when this blows. The MM’s can move this down to 10p if they want, ain’t selling a bean. Greed can take many forms in the market. Fundamentals getting better day by day and SP going down further day by day. WTI will break $100 by Xmas guaranteed. GLA
Stocks In The Bargain Basement: Canadian Overseas, Mode Global : **********
https://www.**********.co.uk/articles/stocks-in-the-bargain-basement-canadian-overseas-mode-global-c3fc209
Oil price is very relevant. We'll be around 2000 bopd at least by now, so 50% of our oil is bound by WTI prices. That 50% is rising day by day - by the time we get to Dec, it'll be 66% - some what relevant in my book. It was always my understanding that the stockmarket worked 6 months ahead, this is the first stock which works 6 months behind - what goes down must come up! GLA