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Thanks chaps. What angers me more is management not looking at the share price, looking at the volume, looking at the NEVER ENDING cr*p performance here and saying right ok lets do something about this. Lets initiate a buy back, lets emphasise the cash balance and reserves, lets promote awareness, lets actually put something concrete out on the gas development, lets action a dividend, lets get some immediate near term production in place. I just feel shafted to be honest. They have been completely useless the last year and thats why we are in this mess. The cash balance is near as dam it the market cap thanks to their incompetence. We might ot be 300p or 250p which is perfectly ok but just look at the share price here ffs. Anyway final rant done hope it picks up for any loyal investors that remain because there can't be that many left anymore. Cheers
Hey JL, yes thats me out. Am staying away from Genel and anything oil. Manipulated, corrupt, bent BS this share and the UK market. Honest PI don't stand a chance as fundamentals count for absolutely nothing these days. Oil up this drops, good news this drops, market up this drops. Anything else and this gets decimated. Am probably staying out of the market in its entirety so won't be following Hawkey. Wish you guys all well and soz for the constant rants. Cheers JF
Boyo, you seem like a level headed guy. Have you any idea why this share is performing as badly as it is? All that has happened since this was 300p is oil softening. Cash, production and deals and prospects have improved and we cannot even attempt to break 200p let alone 300p. Why is this constantly in a downtrend- what am i missing? Why are GKP and DNO outperforming us? Why is this performing worse than most other oil companies when it is debt free, cash generative and profitable? Happy to hear thought since i cannot understand this anymore. Why has this dropped 14% on 4 decent news updates? It all stinks
Getting sick to the back teeth of this share and tomorrow i think i am going to bite the bullet after being in and out for several years to get out and stay out this time. This is a dog plain and simple a complete and utter dog of a share ever since the half year results last year and 9 months of silence they have killed this investment for me. Nothing they do or say is going to make this move up anymore as no one is interested. Too little too late. DNO and GKP are up and this is down AGAIN 4%.Bad news on Miran or something must be coming as its impossible for a share to behave as s**Te as this for no good reason. If anybody has any clue what the heck is going on please chime in. This has fallen 14% on 4 good pieces of news and when oil sits at the same price. I give up, got no fight in me anymore just give up with this share, management, company and investment. I hate everything to do with this share and am calling it quits as there is no upside . If i don't check back in wish you all well. Am joining Hawkey. Cheers
Point taken Boyo. This has not been performing anywhere near my expectations but i have to say with further news this morning its good to see Genel and management getting stuck in and having a go. Thats all i ask for really, just try and run the company as effectively as possible and return value to shareholders. There was no evidence of that most of the year. Good news today anyway
GKP and DNO are broadly in an uptrend at least, whilst we are broadly in a downtrend. If this is not a dog then name another company that has an ever growing cash pile with production on the up, prospects that are supposed to be good that falls like this. The last month especially has been a complete and utter joke. I am not screaming 300p or 250p but this should not be sweating at 200's let alone 180's. And bottom line if this is worth more and the prospects are as we believe then why the heck are management sat on their hands allowing this ridiculous share price action and doing nothing about it
Oil up 2% yet this dog down (again- just like everyday). What is the point of investing in a company that increases production and cash and is supposedly generating shareholder value with a constantly declining share price and management who won't do anything to fix it
Doubt they would appreciate an email from me. What can they even say.... 'yea we have loads of prospects and have performed great the last year from 50p' opportunities blah blah blah. Actions speak louder than words and the market is telling them they are doing sh**e, not me. Just wish they would get their a** into gear as this has been going on for too long now
Thanks comeonvog. I get a bit overexcited sometimes but try to say it how i see it. We have sat and waited patiently since last April for actions and i know they are not stupid and i am sure they are trying but what management are doing is just not working. They have to get a hold of the current situation and do something. They are being paid alot and are not delivering. The share is basically a zombie stock and has been kicked about and down for 9 months. Somebody get in the driving seat and get this company moving because Murat can't (clearly). Everything he does and says drops the share price
Why is it so hard for the management of this joke of a company to understand that the market hate this share. They hate it. They are not delivering, the share price is getting pummeled each and every day and has been for almost a year- so rather than just watching how about actually taking measures and actions to do something to return shareholders value!!!
A jokes a joke but this is turning into a complete circus now. If production, cash and every other metric is up then why is this relentlessly dropping. It is performing worse than basically every share on the market let alone oil shares. How can this be worth 300p one minute then when cash production and progress improves its worth almost half that? The management of this joke of a company need to get off their backsides and do something to sort this disgrace out. It cannot even hold 1.80 ffs let alone £3.
What a complete and total dog of a share this has turned into. Have regretted not selling at 300p pretty much everyday. Does nothing but drop for any reason and any excuse. Management have destroyed investor sentiment exactly like i said would happen 6 months ago. When was the last time this actually went up. It doesn't go up when the market or oil is up thats for sure
Thanks both. Getting sick and tired of the underperformance. If they are reading then give us a break Genel and do something to stop us falling. Its been a year of decline almost. This drops no matter what now literally every day for any excuse. Even oil companies drowning in debt are doing better than us today. How can you not create value for shareholders ehrn you are making money like this!
hi Bunks, have you or anybody spoken to Genel recently to find out what is going on? This is becoming farcical now. We are lower than pre results and pre chevron news, with the same oil price. This is a total joke. They need to get involved and support shareholders
Well i took this week off. Invariably this drops no matter what and sure enough it has delivered in spades since i last posted. So tired of complaining about what a dog of a share this has become. I will remind you that i did say on many occasions that all those months of silence would be extremely damaging to the share price and it appears that is what has happened. Has anybody made any sense of what is going on here yet? Only a few of us faithful lunatics/dreamers/believers left it seems, even Hawkey has had it. I think with the market the way it is, oil being volatile, and a generally risk off attitude even i would concede that 300p is a bit too much to ask, even 250p might be a stretch. But... the fact this cannot even hold 200p anymore is pretty worrying now. Surely something has to be up? There simply has to be more to it than what we know. Politics seem fine, payments good, oil price sufficient to make a lot of money, operations are good (but could be better), production up, fcf and cash up. If this was just treading water, fair enough I would be disappointed.... but this is selling off and looks weak all the time. Not just weak but weaker at the moment than most other oil companies let alone the wider market.
I don't think there is an appetite for oil shares but has anybody spoken to Andrew at IR? He can't comment on the share price but surely they must have a feel for what on earth is going on here? Every update this drops, the Chevron update this just drops even more. It is time the company took some action here to shore up the share price. It is beginning to take the p*ss now tbh. Anybody else have any thoughts as to why this is performing so badly that I have missed?
Sentiment well and truly lost here. How they are managing to grow the company in a way that drops the share price is breathtaking. I can't actually figure out what and why management are doing and how they can be this useless. Taking a break for a bit as no point watching oil rise, bopd and cash rise and this continue to perform like a bag of sh^te. Bravo Genel management sterling work this last 12 months. How about doing one thing just ONE that adds shareholder value. Something, anything, just ONE thing
This share is actually turning in to a joke and i'm not far off giving up. Every update it drops, what are we actually doing or trying to do, every day this just falls. The more production and cash makes us worth less and less. Management need to do something here soon or i'm out, had enough