RE: HUR - Any Viable Bid Here Now Has To Be 15p+ Min11 Nov 2020 16:09
DireEmblem, barring the fact that HUR SP was brutally kitchen sinked by the current management team during the changing of the guard here (actually, one of the reasons for justifying the changing of the guard) which makes it very difficult for the present team to sell HUR on the cheap here, IMO. Obviously, I certainly don’t have access to any data room/information not publicly available today but do see HUR significantly undervalued at the moment. Hence, my reasoning for a necessary juicy premium here is as stated in some of my earlier posts, and based on the new much improved/proactive HUR management which now seem to have a firm grip on the operational, financial including cost management (where significant savings can be achieved), planning, stakeholder communication........etc. of the company, and clearly seem to be diligently working on a viable forward plan here with it’s cash in the bank (which contrary to what the doomsayers say is much better than most peers at present), massive tax credits to utilise or with current the O&G M&A uptick, particularly in the North Sea, be very attractive for utilisation by a potential bidder(s) in the near future, and of course most importantly, reserves possibilities in this prolific region with HUR attractive assets/licenses ready for utilisation, particularly, for cash rich investors which now seem to have sufficiently attracted savvy investors such as CA to significantly increase their HUR stake. HUR is clearly IMO worth much much more than today’s extremely unfair and possibly even manipulated share price (algorithmic or other), patience is key at the moment and rewards potentially massive in the medium to longer term IMOO, DYOR.