The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
6% seems ok to me Bunks considering management have killed this share and been useless and delivered nothing all year. Just about sentiment, which they have wrecked with 7 months of silence. PMO absolutely flying... recovered more than yesterdays losses which is understandable because it is highly leveraged to the oil price. Genel is not as highly leveraged it just performs s**t no matter what. Still think its great news that at least oil has stopped dropping (for now!)
Only thing stopping me taking a punt here is the golden gherkin ramps and that it has a market cap of like £120 million. That still seems massive for an aim company doing wildcat drill with a 14% chance of success. Guess work, i know, but anyone have any idea or feel of potential price if new well is duster vs. price if not a duster?
thanks trellis/Desert. Could have added the two things together and realised that Gherkin was a place! Usual aim stuff then. Still cannot see why the company are drilling a well with a 14% chance of success, presumably thats what all the discussion is about this morning so i'll leave it at that. Cheers
HUR finished slightly up, GKP and DNO down circa 5% which seems fair. This almost 13%. I really don't know what it will take for management to take action here. Does anybody have any thoughts? What is it going to take for them to actually say or do something?? this is down nearly 50% in 3 months despite the fundamentals never being better. Is it they simply don't care about shareholder value, want the share price lower? No other company with similar fundamentals is getting decimated like this
Trust Genel management are happy with this. 6 months i have been saying if they do not pull their lazy finger out this is what happens. Maybe when this goes to 78p we might actually hear something. Absolute disgrace. How is Murat still in his job ffs
This company has one of the cleanest balance sheets in the oil market. Fantastic production, increasing production and cash, is profitable and debt free. Huge huge assets and this is the biggest faller on the market today. I just wish i knew what the f^^k management are doing and why they are allowing this to happen.
At the mercy of the oil price and market now thanks to management Bunks. If they had delivered something or anything this year we would be far north of here. Silence and no news means this drop is totally justified. Managements primary responsibility is to the shareholders and the main metric for gauging how well they have created value for the shareholder is the share price. So on that count they have failed miserably. Not denying that this is a rough market and oil has been rubbish but this share price is not representing anything like fair value imo
Much more like it from G this morning. Bizarre seeing this green yesterday, was wondering what was going on! Thought the year wait was finally over and news was incoming- guess traders saw reality this morning and bailed. Oil up almost 2% anyway. Somebody nudge Genel HQ if you are passing lol
....my bullish stance was misplaced! Normal downward business resumes. Thought an RNS might have been incoming. Wonder if we can see out the entire year without a single piece of material news on a Genel asset. That would be quite something
Typically no news is good news. Tend to believe though that the price action indicates the opposite which is its lost. They might be able to hash something together but clearly time running out. In any instance the business has not stopped and other things should be happening but without any official rns on anything this just gets whipped- BOD don't seem to care however