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what idiots are selling here?? They're now below the price before the second blockbuster deal was announced,mind blowing.trouble is the longer they languish down here, the more susceptible they are to a cheeky bid
RockRose will get a number of gas and condensate licences in the Netherlands as part of this deal and it will add a further 13 million barrels to its net developed reserves, taking total 1P reserves to 23 million barrels of oil equivalent, and production to in excess of 10,000boepd, with a 60% gas to 40% oil split. These licences, which are currently producing around 5,000boepd, also have further significant upside from potential further development and conversion of prospective resources into reserves.
Although many of the licences are old depleted fields and not of huge interest, it did get the Nelson, Howe, Ross and Blake fields with 2P reserves of not far off of 10 million barrels attributable to RockRose, and likely to continue to produce until at least 2024. From *************
It is staggering as the previous poster pointed out that a company making �80m a year is capped at �63m. Consider this,Ophir which produces only slightly more barrels per day,11,500 i believe,is capped at �448m!! it's bonkers,I can't even be bothered to work out what RRE price would be if valued in line with Ophir
Bizarre stsatement from Sosei,why bother to comment at all? Unless of course they were in talks and couldn't agree on price
After yesterdays RNS why not rename to TEK Blockchain,they'd double overnight.....
I think the rise can be put down to last weeks presentations in the City from the company,at last their PR people are earning their fees....all very positive.Also a very innovative RNS regarding Lucyd,ie funding through blockchain etc,which I admit I don't fully understand,but sounds impressive and not picked up by general media,which is a shame.Anyhow as someone mentioned below,it would be nice to see one deal come to fruition.
I agree with Seifert,valuation looking astronomic and any miss in earnings,as AUNboy points out will see these trading with 4 as a big figure.I'm not short yet,but will prob dip my toe tomorrow.Several things don't add up.Ex CEO left in Feb due to family matters but just over a month later resurfaces at a VC company....perhaps he saw the writing on the wall and didn't want to be in charge when the proverbial hits the fan.Also a straw poll of my local restaurants are leaving JE,costs simply too high with cheaper competition entering market.And then there's the CMA investigation,which could drag on for months.I'm sure the Bulls will tear these arguments apart but we'll see
It is bizarre that a potential company changing announcement is met with a 4%rise....Fallingknife has hit the nail on the head they constantly fail to monetise any of these deals.Take crisp and bake,whatever happened to trials November before last??did he not like the deal?if not say so and keep investors in touch,is there someone else he's talking to?At some stage there will be some positive news(hopefully) and they will raise money at a quid but it's so frustrating waiting.I suppose only flip side is they're ridiculously undervalued with the tech they've got so will keep chipping away
Amazon rolls out restaurant home delivery,Amazon's restaurant home delivery service-and rival to Deliveroo-is today being extended to swathes of West and north London after a successful trial launch in September etc etc from tonight's Evening Standard.First Uber now Amazon,good luck JE
Think it may have something to do with this www.voxmarkets.co.uk/blogs/tek-capital/ Also it's about time we heard from company on progress of at least one of their ventures....from memory a recent RNS said something might be out in next couple of months but that was almost a couple of months ago!!
Headline "Takeaway wars heat up as Uber expands" upshot is Uber are now upping the number of restaurants they cover from 150 to 500 .UberEATS say they have signed up 500,000 Londoners since launching in June,yet more competition for Je
Not heard of these guys until post below,checked the website and found they charge restaurants a flat fee of £65 per month as opposed to just eats average charge of £750!! Shouldn't take much marketing to lure customers away.....just another competitor for je in this increasingly overcrowded market
seller 6m in auction Friday,short position beginning to nudge up again now,back over 3%,going to follow but not quite in that size.......
In reply chickenchallenge,not as far as I'm aware,in fact short position decreased again slightly overnight .
To keep an eye on short positions,I find www.shorttracker.co.uk a very useful tool
In reply chickenchallenge,Amazon today announced it was extending its restaurant delivery service to London. The short position has decreased from over 7% to just over 2% in past month,ie the bears have pretty much been the only buyers in town pushing price up to 6 quid,absolutely bonkers,now on the way down again,still think UBS has right idea on price target at 415 but even that seems mighty high now Amazon andUber eat are in JE's market
Am I being thick here....the company upgrades revenues by £10m (3 of which due to currency) and £432m is added to market capitalisation.How does that work?? Think UBS got the right idea today,415 price target
Aviate a perennial bear,issued a note today from which my last post borrowed a few quotes,sadly I'm not at liberty to post their article but suffice to say it's a sell recommendation
Indeed supreme leader I'm sure just eat have deep pockets but Amazon and Über have deeper ones....look what's happened in the States,I think it was grub hub that tried a similar model to JE and got destroyed,shares 40% off over past year.Also,note today short interest at it's highest to date at over 7%