Member Info for JohnLewis79

According to Stifel Securities Miran and Nina Bawi (14.8tcf) of raw gas on a cont 2c basis carries a 263p unrisked valuation. Next stage getting gas to mrkt or a farm - in partner with deep pockets. Looks someway off atm.

Much prefer the Co to go this route than paying a dividend which you pay tax on. First off the eps increases straight away even though the actual earnings don't. Secondly shareholder wealth goes up and no tax is paid until they sell. Its the gift that keeps on giving. Check the cash flow statement to find out if your Co is / has bought back stock. A history of buying back stock year on year points to a Co with good long term advantages as its generating extra cash for activities other than running the business. I very much doubt G is considering a dividend.

Morning Tartine...i was responding to a post of lems at 00.23.

10 rigs added last week (844 in total) highest in 3 years pushes oil down as production ramps up...

Another often overlooked metric re G. Capital expenditure is tiny in comparison to many other companies. (Avoid Cos who must make huge capex just to stay in business). G is spending just 25p on capex c.10% of the current sp and 31% of operating profits....that's acceptable and a good place to be and over time is a starting point in assessing Cos who will have a long lasting competitive advantage. Not sure we fall into that category for after all oil is oil (we're not selling bras and panties etc..) but it sure helps the bottom line. You guys who have lots of shares might like to look at that no...the less you spend and if you wanna be seriously rich don't have any!

I'm always amazed at bods who love to buy their Co shares many hundreds % above their low point! Anyways in principle I'm all in favour as in most cases these are a plus for holders but only when they are bought back at a price below their intrinsic value. If that is done the remaining shares experience an immediate gain in intrinsic worth. If not and bods in the past have overpaid the deal will be a bad one for holders. Two points worth noting when it doesn't make sense. a) if the Co needs money to expand its business & b) if an acquisition or other opportunity offers greater value than the undervalued Co stock to the repurchaser. As for G we have two priorities the first is we need all our cash for Gas and though not as crucial as we are able to fund our debt obligations... is to become debt free a rarity among the smaller oilies. So far the bod have been stingy about splashing our money around on vanity projects and the like, so lets hope they remains committed to buying $2 for a $.

$76.69 - Asia up - £$ 1.356 - ftse opens flat.

Share prices down, yields up - the All share close to returning 4% as the unpopularity of UK stocks continue. Brexit, a rocky Govt, high debt levels and slow economic growth has seen investors desert London in droves, in fact recent analyses point to British shares never being this cheap excepting during the two world wars. The 'yield gap' a popular value metric opines when gilts yield more than shares then shares are overvalued as your not being adequately compensated via divs for holding risk assets. If shares yield more than Bonds then they may be undervalued. Currently the 'gap' is c.2.2% and with rate rises on the horizon the gap could close making UK shares less atteactive as Bond yields rise. So,...shares to consider according to Citigroup are AstraZeneca, Aviva, Rio Tinto, Stand Chartd and WPP. Among domestics they tout, Auto Trader, Bellway, Just Eat, Nat Grid, Legal & General, Ocado & WH. Mind you if your only holding is G or say 80% of your cash is in G none of the above will be of much interest ---- yield gap or not.

$ 75.09....(April averaged $71.62).

Official close.

A record entry this week (18) as below. Givethelowdown 210 - isaymoto 255 - JL 256 - Bunks 257 - marksman 258 - Without 261 - postie 264 - Xander 265 - cappyd 266 - tiger 267 - bland 274 - klassic 276 - lem 278 - givetheinfo 281 - hasiba 285 - Stockbstr 286 - H 296 - ocelot 300 - Tartine 513. Best check I have your nos correct.

No...251 aint my No..but thanx hasiba.

Stick me in for 251..why should i bother broadland?...No don't that aint my number!

ocelot...You have lost me - Beer and fish?

Following up on lems rev nos. We're working c.3 months behind on receivables from the KRG and assuming no material increase to the oil price and payments continue on a regular basis I can see total annual revs being c.$320m (Q1 c.$80m) on a conservative basis. That's c.20% increase in revs over last year giving us c.85pps in revs v c.70pps last year (£$1.35 av). Should cost of sales be similar to '17 ($144m) then G should turn c.$180m for '18 (48pps) clear. No way definitive but gives one an idea of the potential all being well for the remaining 32wks. Morning all.

So which way?...we'll get off H woes...... for the main event... sub 250 or...chops & isaymoto front runners imo..or could broadband or klassic on 251 nick it on the line?

H....you feeling well or a touch of share stroke!!

Shorts reduced to just 187k now. Last change at 212-4p.

Big jump to sparky at 260...

...oops 250's in view now 3 in the lead...