Member Info for EmeraldCarrots

NoQuestionMarks.
In the trading update of 26th Jan they said:-
"Given these positive indicators, the Board now expects to exceed current average market expectations (1) and report a Group profit before foreign exchange revaluation and taxation for the year ending 31 March 2023 of between £370m and £385m."
I make that a projected 17% plus increase in profits.
Since that the sp has barely moved.
Obviously it if forward looking but even so I would have thought the sp would have moved up say 8% since then.
Maybe I'm wrong but I thought the sp was 1220p on the 26th............. it's only 1246 now !8% would see it over 1300p. I was/am expecting the sp to move past 1300p.
Maybe it will............
All IMHO.

IMHO without news of some sort, or a date coming up for the next drilling the sp is likelyto drift lower.
All IMHO.

will be drilled? Anyone know? Are they doing it next? If so is it 6,8 10 weeks?
Or have they not said yet?

"The net cost to Deltic of drilling the Pensacola well is expected to be £11.1m reflecting certain additional operational requirements during drilling, weather conditions, additional testing costs, as well as market influences, including inflation and exchange rate movements."
Don't they need to finance this one too from the same placing they did?
" · The Selene well (Deltic WI: 50%) in the Southern North Sea, operated by Shell, is expected to spud within the next 12-18 months following a firm investment decision in July 2022. The Company estimates that Selene has a gross P50 prospective resource of 318 BCF, with a GCoS of 70% and an unrisked post tax project NPV of $624 million gross ($312 million net to Deltic), also calculated using a gas price of 80 pence per therm. "
?
I'm wondering if they will need more money?
All IMHO.

Should be interesting!!

LOL!
All IMHO.

- today sp up 3.4%.
Presumably they have done their homework.
All IMHO.

- today sp up 3.4%.
Presumably they have donw rheir homework.
All IMHO.

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casio_kid.
Results on 24th Feb.
Any day the market will perk up to this and the sp will move up. Why I bought yet another tranche.
I'm thinking the sp will certainly hit £2.00 before the results.
But £2.50? Cant' see that before the results.
Good luck.
All IMHO.

very very deep. However I keep going back to the fact that on Feb 10th 2022 the sp was £1.80 and back then things were so so............. BAD! COVID! Masks! Tests just to fly!!!!! How on earth the sp has NOT zoomed past that God only knows if you ask me!

All IMHO.

Correction.
£8.19 shuld have been £8.91!
Having experienced a couple CLC's money raising sp "off a cliff" moments over the last year or so I am wary of the sp moving up from around £8 to nearly £9 in what...... a few weeks and frankly half expect another placing or some such to send the sp rapidly back to say £8.00. Having said that I am back in with the one tranche at £8.91 the other day.
Afraid for now there are better places IMHO to put my money like IAG (results 24/02/2023) and JET2 and my latest AVCT. I fancy OTB and TUI will be on the up soon as well.
Good luck all.
All IMHO.

Having experienced a couple CLC's money raising sp "off a cliff" moments over the last year or so I am wary of the sp moving up from around £8 to nearly £9 in what...... a few weeks and frankly half expect another placing or some such to send the sp rapidly back to say £8.00. Having said that I am back in with the one tranche at £8.19 the other day.
Afraid for now there are better places IMHO to put my money like IAG (results 24/02/2023) and JET2 and my latest AVCT. I fancy OTB and TUI will be on the up soon as well.
Good luck all.
All IMHO.

SPIRIT !

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https://www.dailymail.co.uk/travel/article-11713261/Holiday-firm-reports-record-bookings-Brits-scramble-summer-holiday-three-years.html

https://www.dailymail.co.uk/travel/article-11713261/Holiday-firm-reports-record-bookings-Brits-scramble-summer-holiday-three-years.html

Alessandro.
We had some profit taking but today up 2.2% with most of my screen in the red............ apart from TUI strangely enough.