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I think we will find that a full U.S. listing will follow swiftly after FDA , the only way they can command a high valuation is via the U.S. We all know that U.S valuations are crazy compared to the U.k. $2.5b I can see as being straightforward really. Any more will require some work. But they have a solution to a worldwide problem, don't underestimate that power or price.
When you see the stupid valuations of companies like Uber, who will never make any money I think we have to believe.
Well, that's a good question and the truth is nobody except the B.O.D know what would be acceptable to them and the major shareholders. I am confident though from my limited chat's with them at various A.G.M's etc that it is likely to be north of $2b.
Somewhere between $2b and $5b is what the company feel is possible in my view. With 172m share in issue at the moment you get a pretty big sp. price that most people on here will probably laugh at so between £9.30 and £23.26 per share!!
In fact Andrew did say $5b at the last AGM, somebody asked the question and that was his answer. If they can deliver it that's another matter. I'd be happy if it came to pass. In fact a while ago I did say to Andrew why not sell for around $850m his response was that the major shareholder want more !!
Don't forget they are getting paid daily for holding the short position.
And back
Sorry, Slift I have seen the results with my own eyes supermarket fuel is different. The same goes for oil. I used to work with an ex. Formula 1 mechanic and he advised me which was the best oil at that time. I am talking 1983 here so bear that in mind at that time I was advised not to use Castrol because it used to sludge. I was advised to use Unipart because that was the same as Shell but cheaper and didn't sludge. It's a strange world.
For what it's worth I was considering moving to biofuel for a fleet of vehicles my company ran. This is going back to when taking disgarded chip oil from Fish and chip shops to convert into useable fuel for diesel cars was all the rage. Anyway I went on the course and during which we compared the fuel the instructor had produced from old chip oil with the then EU standard and it was well in. As a check we purchased some cheap Supermarket fuel, it happened to be Sainsbury's , but I suspect they are all the same. This fuel only just met the EU standard and I mean only just. From that day I have only used BP or Shell for my diesel cars. Petrol is less of a risk, not much can go wrong with it normally. Interesting isn't it.
I think you need to read some of the companies presentations from their web site . Then you might not make inaccurate remarks regarding cell capture. They are the best in their field at this. Regarding CE mark, it's a load of tosh. Everyone wants to use FDA cleared devices. Parsortix should be the future of liquid buopsy.
As lockdown around the world slowly eases, one thing is for sure, those people that need to travel within driving distance that used to use public transport will now drive. More holidays will be taken within driving distance rather than use planes etc.
This will be a legacy of Covid 19 for some time to come. The oil price will respond accordingly. I can see us being over $40 Brent within a couple pf weeks and what that in turn means for PMO's sp. is anybodies guess but surely at over $40 Brent it should be nearer to 50p! It's all in the charts if you can see the signs.
Good luck all.
Yank Alert!!
Kraken,
As much as I am a holder here and for selfish reasons would love oil to be at $100, it's not happening. If you look at the long term monthly chart it is descending from that crazy high we had in 2008. It has fallen every time it hit the upper trend line.
Best we can hope for is $70 at some point but that high reduces every month until it breaks out above the trend. I would say $55-$60 will be the sweet spot when normality returns.
Cash Ferret,
You may be right but in my opinion people have never, ever learned the lessons that history should teach us and as such any change will be very short live in my view. Shame really.
On my screen it's $31.5
Don't know any mainstream shares that are back to pre COVID prices. BDEV is closest from those that I follow.
My personal target is 60p on or around 27th July!!
Well what exactly does mean anything in your world S.K. If they meant sod all they wouldn't bother keeping track.
Now I do add that I don't always believe the numbers all the time, especially since Trump took office, but that does not mean that they are not looked at within the oil industry.
It's important to remember that PMO get a premium to Brent prices. circa $3 I think
Correct Kenni.
Oh my God talk about doom and gloom merchants.
Saur,
If you are on your knees because of your own mistakes then yes but this is a hopefully short lived pandemic that nobody could have forecast. Even the banks are being told they can waive covenant measures during this period, governments around the world are lending companies money and we should not be held to ransom by a greedy opportunistic poxy hedge fund. The time to go shopping is now. I might add that Tony is at fault for dealing with these types in the first place as one who once worked at Lehman Bros. he SHOULD know better.