Exactly my reasoning, its still not out the woods as the iraqi oil minister said they still had issues with 20% of the oil contracts. Whether or not that has implications nobody currently knows, my instinct was dont risk even though potentially if everything went the right way the company could be a 10 bagger. The whole region could develop into another Dubai, there is heavy investment from profits into infrastructure.
It looks to good to be honest, lets hope it jumps to 35 pound a share like before. I can see a fourth dividend coming in sept but thats just intuitive guesswork, its making 500 m a year(pounds) at current rate and 20% dividend so far is just 100m. All above my own calculations which could, easily be wrong dyor etc, obvious political risk etc.
You mentioned bottom part of upward channel previously, check out 3 year graph for dominoes pizza, due to go final ex on Thursday for about 1.75%. Also consider the hang seng index as a tracker, look at 10 year graph.
144 m profit quoted for 178 million revenue the for third quarter ending Sept 2021. Looks like my 300m profit for 5 year period might be a bit conservative, apologies.
I was going on the 2020 year end figures of 7.9p eps to 3.1 million profit to estimate sp on a 300m profit level(not unrealistic imo for a 5 year period). Since then maybe share placements to fund raise?