RE: Take your marks22 Mar 2023 16:22
Push2 I don’t give a xxxx where you’ve worked. Unlike you I don’t know a scooby do about drilling etc. I invest to make a return on capital whether it be ANGS I3E GKP LLOYDS ASOS.
Maximising that return means not paying for something that’s overvalued.
I hold 2 million shares in Angs at present.
I was merely pointing out how the market will value Angs, it will value in line with its peers.
So by knowing the value and rating its peers, you can get a good idea as to the value the market will give Angs.
Imho an EV value of £70M is fully valued based on the revenue generated on 40-45 M therms a year. When the hedge disappears in two years the economics obviously improve somewhat.