Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
MO,
Have to be holding shares on the record date 26th Sept for the nil paid rights entitlement to be calculated.
DD
Believe the underwriters are JPMorgan and Merrill Lynch.
DD
Jan,
If all of the 508m shares are not taken up then the shortfall is covered by the underwriters......who obviously know a good thing when they see it!.
The following article on RI by Phil Oakley is very useful:
https://www.sharescope.co.uk/philoakley_article45.jsp
DD
TW
http://www.enquest.com/~/media/files/e/enquest/1-titan-docs/171404%20project%20titan%20version%202%20cl%20no%20sidenotes%20or%20p%20proof.pdf
If MO’s doesn’t work.
L3 - If you want to take on board the info a person posts which is $75m out on earnings then knock your socks off. Have asked more than once what he thinks fair value is, tbh if he spends days crunching numbers and is 25% out then would sooner not know anyway, hence filtered.
L3,
Fernan will never give the sp value as that doesn’t suit his agenda here. You, and others, may enjoy page after page of his analysis but I don’t, so back in the cage he goes.
Regards
DD
Fernan
I will answer for you. Based on your analysis it comes to an eps of about 5.7p, with a PE of 8 that’s 45.6p.
Comments? - I doubt it somehow. I’m beginning to think you are a very subtle deramper. For all your number crunching your forecasted EBITDA was out by more than those (Jan for one) who apply the.BOTFP method of accounting.
DD
Fernan,
Comments - All very interesting but what do you value ENQ at?. It’s a simple question which you constantly fail to answer.
DD
Meant to add, that’s still 5.5p for prod at low end (50k).
L3
50kboepd H2?, it’s 46kboepd to average 50k for the year. Take your point though - I feel like E121 that they are being conservative with their guidance.
Still about 5.5p eps on a PE of 8 = 44p, so still 30% upside IMO.
Where’s Fernan’s post giving his sp valuation?!......must have missed it, yeah right.
DD
budd
Thought I read in the prospectus that holders of 200 shares or less are excluded from the RI.
DD
E121 & L3
Yep extrapolating, okay they haven’t stated specifically 62kboepd H2 but that would equate to an average of 58kboepd for the year which they have maintained as upper guidance - so in my book they are saying 62kboepd H2 is possible,
DD
Gold
Record date for the RI is 26th September.
MO - If you don’t take up your rights your holding will be diluted, circa 30% if you don’t take up any at all.
DD
E121
They have said they could be doing 62kboepd in H2.
DD
Correction - negative points about everything, not just debt/financing, most of which are not valid (as posted previously regarding growth in production etc).
L3
You are new here and you post balanced views which I appreciate. What I don’t appreciate as an investor here is repetition either way one or another, we have our fair share of trolls and cry babies.
I’ve held here 2.5 years and Fernan has been posting negatively here for six months or so now and tbh I’m getting bored of it, it’s the same old same old, any opportunity to crunch numbers without ever focussing on the value here is IMO of no value whatsoever (no pun intended).
Have filtered him before and will again if he can’t answer the questions I have put to him. Not bashing just asking him questions that I guess he will not answer because he would sooner just keep posting up negative points about debt.
DD
Fernan
Your second post yesterday:
“I read that some posters on this board are hopefull of better returns in the future because "production is growing". how do they know that?” - Are you taking the ****!, last year 37kboepd, this year guidance, on track, 50kboepd to 58kboepd.
“The information (or the lack of) provided my management makes it impossible to forecast near term production for indiviual fields, much less for the company.” Once again are you taking the ****!, do you seriously expect them to give monthly/quarterly updates on each well at each field and their forecasts, think you’re having a giraffe!.
Your third post was headed “Negatives of today’s RNS”, please cam you post up what you think are the positives.
Also, post up what you have valued ENQ at if you don’t mind.
Regards
DD
Fernan
In my oppinion you’re wrong, they needed to raise funds as the data room in Jan clearly didn’t get them the offers they wanted for 20% farm out of K ($400m+). IMO They we’re going to go for 75% Magnus given they had built up a better understanding of its potential and they have achieved that at least cost.
You are I guess not a holder but seek pleasure in scrutinising the negatives all the time, which is fine if it’s balanced but in your case it never is.
You posted earlier how you value ENQ but once again have failed to post up what that is, as ever just focusing on negatives.
This is worth at least 60p-70p if they achieve 7p-8p eps at year end.
Think it’s time the cage had another guest.
DD
that’s “posts yesterday”
Fernan
So what do you value ENQ at?
Try posting up as much detail on earnings, pbt, eps, as you do on debt.
You previously posted:
“Lack of justification to do a right issue to buy Magnus, after agreeing a ring-fence financing using Kraken cash flows.”
Are you serious!, please support this negative statement (most of your early pistscyesterday were just that, negative and with zero substance - unlike you constant focus on outgoings and debt).
Just my opinion (only one p not two!).
DD
L3
Thanks, you clearly know your way around a BS and P&L, nice to have you passing on your knowledge here. Ditto E121 and Fernan - who I know is not a deramper, will read his posts but never any balance, so yes will always question his motives.
Magnus deal is a no brainier IMO, as a shareholder I’m more than happy to help fund an earnings accretive acquisition which has a likely payback of less than two years and which will then add circa $160m (ish) straight to the bottom line.
They always had to find additional funds at some point but I’m happy in how they have achieved and managed that in the best interests of shareholders - me!.
Regards
DD