Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree, I think there is a chance that he is selling his shares from Richmond group, buying them back as JB private investor at a discount rate and holding a firm holding in the company he built up. This is why the morning is a huge rush of share dealings and then it slows.
Looking at the 2020 results I have to say, I am not a fan of loans which use high interest rates, but their business model is impressive and an increase in clients has grown and will grow even more now with banks making loans harder to get and people needing cash quickly. So saying that, this share price should be a lot higher especially with a profit making business and plenty of cash in the bank. Good luck to all of you invested.
https://uk.finance.yahoo.com/news/brokers-bullish-fastjet-shares-080734182.html
As a company director myself I can certainly tell you that cash in the bank is highly important. You say that it does not come back the shareholder. Cash your right it does not, but cash is based on profitability of the company versus expenses, ability to invest in the future of the company…..more importantly cash to get through this virus. Cash in the bank is used on the balance sheet to help value a company. Complaints are up same as every lender due to delayed loan repayments as people ask for repayment holidays. This is also why they are delaying there year end, figures are all over the place with people not paying and loan holidays.
This business which made £110,000,000 profit and has grown 25% each year. £150,000,000 bank balance, current mark cap £30m???? come on!
Looking good on the buys, seems only going one way right now.
Increase holding by a director...says it all really good things to come.
Hi Phoebus your right we could all lose everything but that is the nature in any business. However the combination of 2 entities going forward with knowledge and oil possibilities can be massive. Also CERP do not lose assets, CERP have not sold they have merged. Lost nothing but gained oil possibilities. I have over 1m shares in both and to me the winner in the deal is CERP. Bahamas are a fast train heading north and they have slowed down to take us with them.
I can’t see the issue, to small firms are joining forces to make 1 big one. CERP get 2.6 pence per share more than it is now, we then get BPC shares in a company with a billion barrel oil find. Together they create a great team in going forward, I am a shareholder in both and happy with this situation
Odd thing to say. Each to their own.
Hi Dutch license extension has not been granted yet due to the pandemic. Another note BG has returned to work and would see this is a priority to establish an income ASAP. I believe that for BPC to start sorting rig dates etc they need to hear from BG soon, seeing as organizing a drill takes time and drill date set at October, I would say they need confirmation by next week regarding extension.
Northfields I would say always put in what you can afford and never over stretch. Also do your own due diligence. I am not a financial guru but have quite a bit of money in BPC. I have been in and out for 4 years, every year I say this is the year we shall hit it big, and every year I hit disappointment. Without a catastrophe happening this year is make or break. The world is changing and Bahamas have now more than ever need the oil reserves to generate money. So take what I have said however you want and wish you good luck.
I believe BPC are in a win win position. The current oil market is tough for oil producers due to high costs. New areas to drill become more attractive as costs currently have been driven down and allow the big 5 to look at alternatives for new areas to drill where they can implement these new costs which will align with todays market. Therefore a farm out becomes attractive to the big boys. If A farm out deal cannot be reached then BPC drill with reduced costs allowing greater margins going forward. We just need the green light from the Bahamas government to an extension.
What ever happened to Bonum? he was on here every morning and afternoon ramping this share up. Quite liked his optimism.
Something has kicked started this little motor back into life, good to see some comments on this board again.
I have been following BPC for many years and hold investment. Have watched it rise and fall all in the hope for oil. I have to say this is the time for BPC to shine, I believe they will, they have the right people, they have billions of barrels of oil, they have the backing behind the Government and until recently they have the funds. Even if they cant fund they have their farm in as their get out of jail card. This will go big!