The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Londoner,
Completely agree, didn’t see your post but looks like we were both thinking much the same.
Onwards and upwards, time to check the cage out.
DD
That’s “of being less than 2x” (not not being! - bloody phone)
That’s panickers on here.
Was a good update on a bad day generally.
Only slight disappointment was they haven’t increased prod forecast, but early days. They are only including 35k gross average from K for the remaining 8 months (to achieve their mid range 32.5k average for the year) which seems very conservative to me.
Also, most seem to be missing the debt/EBITDA will be LESS than 2x, whereas at year end finals they were forecasting that it would be “approaching” 2x from its then ratio of 2.47x for 2019. AB even emphasised the point of not being LESS than 2x. So if year end net debt is circa £1.4bn, with 24% uplift in production then EBITDA could be circa $800m giving a Debt/EBITDA of 1.8x. Sounds a good risk to reward to me!.
DD
Ps have to agree with EP, too many panicked son here.
All the best to all true holders for tomorrow.
DD
'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' - The Monkey from the cage 17th May 2019
Hi KO,
That though had also crossed my mind........in a way I hope not, this needs some period of stability not another fund raise!.
DD
Looks like BP went to the Trump school of negotiation - threaten a lot to gain a little. As romaron said it’s all postering that’s all, BP have no doubt spent hundreds of millions on Clair and with its “output expected to peak at 120,000 barrels a day” it’s SVT rates now need to be re-negotiated. Clair via SVT will always be the most cost effective for BP otherwise they wouldn’t be negotiating now, they would have just used the cheaper alternative......all IMO.
DD
Jan
Sorry to hear of your loss, sincere condolences to you and your family.
DD
Found this interesting, not only the concept of Blitzscaling (for businesses like Amazon etc) but also an interesting debate on oil and fracking.
From 14:27 focuses on oil but tbh i found all of it worth listening to.
https://www.rt.com/shows/keiser-report/458167-blitzscaling-unicorns-silicon-valley/
DD
As Jan has said, they are just after some cheap shares, a few final shakes of the money tree, that’s all.
Stick to what you know, the daily sp action means nothing, value will come to the fore in the end.
DD
KO
Pleased you are now in the Blue!, just the start IMO but guess it will depend on a couple more 12/13 day Kraken offloads before the market sits up and takes notice.
I'm still down about 14% and may average down and put some in my ISA but too deep in oilers (30% of my pf) as it is!.
Good luck all.
DD
Hi Heardy,
Hold here and was wondering if you had heard (no pun intended) anything about a bid at £1:50?, or just your hope :)
Thanks
Hi KO I’m still here!......could today have been more about the time of load 34 rather than AB’s buy, I’m guessing word is out they have fixed the problem as AB’s Buy wasn’t much (£54k) by his standards and our peers haven’t risen anywhere near as much today (1%-2%).......or it’s just playing catch-up?.
Glad you may be in profit this week, my average is 27 so still some way to go but confident it will get there.
All the best
DD
ps The cage is getting quieter, day by day.
KO completely agree about AB, deserves a big pat on the back......puts his money where his mouth is.
Shame on all those, well one individual in particular on here, who slagged the guy off a few days ago and who always slags him off.
Onwards and upwards.......may even give the old cage a good rattle tonight (that’s not a metaphor by the way!).
DD
As i did on the other BB, stt you are filtered.
You are a paid deramper and nothing you post is of any value.
Go and check your dig that is TLY.
bye bye
Excellent results and liked this:
“The acquisition of Magnus has added material value to the business through significant production and reserve growth, and the application of our production enhancing capabilities are already improving performance above original expectations.”
Can’t see any bad news, or at least anything that isn’t already known and priced in.
This is soooo undervalued, with 10.4c eps we are on a PE of 2.....jeez!.
Good luck today.
DD
Good luck all holders.
DD
Appearing is good news, especially those that pretend to hold and those that pretended to sell when they never held. Strange world we live in!.
DD
PS Monkey, monkey, your in for a good week by the looks of it!.
Auson,
IMO Cairn wanted to deflect their bad news onto ENQ. By releasing the India delay a day before results and then headlining K write off did the trick, they also knew that ENQ were going to counter their decision which again put the spotlight on ENQ. Just look at their headline below:
"Operating loss US$182m from the impairment of Kraken following downward revision in reserves; net loss after tax US$1.1bn resulting principally from write down of Cairn's investments in India"
Although the K impairment was $166m they dilute the impact of the India issue which is a much bigger issue fir them than K.
Just my opinion and imagine that AB will more than put this right in the finals.
DD