Member Info for KumKuat

Per month ! Over 230% when dividend declared at 2.5p. Obviously yield is based on your average price and different for everybody.

Funny ole market today. Max buy 150, max sell 325k and silly spread 4.05-4.19.

Kevin, nice one. Active operational schedule ahead and maybe a little luck on N Yekemes block too with news update with the divi pre Xmas ;)

https://www.investopedia.com/articles/02/110802.asp

JCB, they don’t have to hold to record date just the close of play the day before ex Divi date hence the selling today.

Let’s hope you’re right Awax but that can only be from the barge as 802 won’t be til year end. I wish they’d continued with the shallows as that would’ve ensured that sp traded upwards and would’ve stopped selling. Next year will be different and who knows, they may move to quarterly payments.

The waiting game continues but we’re picking up a few pennies every month and the longer that continues the more interest from the wider investment community.

Quaytec,
I believe that you’re correct and I expected to see far more selling from those trading the stock and not entitled to Divis. We’ll see today what the monthly strategy will be from those invested in Caspian. You need a news embargo to buy in cheaper and currently we have one unless the CE is chartered or sold. That could happen and that’s the risk that you take if trading it but there’s no operational news until 802 update, probably late next month, hopefully before next ex divi date.

They have encouraged trading by declaring monthly Divis but the big boys are sitting pretty if Casper maintain/grow cash flows. Our KO is picking up £6m pa and his recent $6m debt for equity swap is looking very pretty with a x3 annual return increase over his interest payment deal. They’re not bothered about sp at this juncture, they’re taking the cash regardless of operational success. They can take chunks out as long as they’re generating free cash flow, they can’t lose. They get their big payday when they land a deep or 2 and that’s when this gets sold. KO can move onto Block 8, build wind farms etc and continue a very healthy lifestyle.

Tick, tock.

A few more for moi, rude not to.

Market evenly matched at c 700k a side and ex divi date tomorrow, record date on Friday, cash in bank on 16/12.

802 sidetrack hopefully underway and news pre Xmas together with some Divi spending money .

Rhertig,

Yep, it’s just sitting there costing c $1m pa. Won’t be going anywhere til 23 if they charter or sell it.

Disappointed to see the volume sells and MMs playing their games re not reporting trades when conducted, that’s why there was an abundance of stock.

Russian missiles landing in Poland not helping geopolitics but I suspect it’s rogue or shot down or deflected by missile defence systems. Will probably be a down day for all markets.

Tick, tock.

As stated, i don't think Boaty deal will be done this year as 5 months have elapsed since Tender submission. I think the project isn't going ahead, not that the barge won't be required at some point in the future. . If it was likely to happen, they'd have announced it in the last RNS stating that they're very close to completing a deal as they have done before and that would've sent the sp flying north and stopped the selling. Maybe they can't announce if Tender not announced but they can giive us a steer ie close to a successful charter. They want the sp up and a Divi/Charter combo would've broken us out of this range as investors would be looking forward to the exceptional Divi payment.

802 ? well they've found and flowed oil open hole as can't have perforated. Going back to the zone(s) of interest up to 3900m so i'm hoping that they get lucky and top up that reserves number and company valuation.

Bull,

Still a seller or sellers out there. Bid has weakened and ask strengthened.

Current market
Sell
Up to 150k - 4.21
150-300k - 4.14
300k-575k - 4.05

Buy
Up to 300k - 4.33
300-1.2m - 4.39p

Bid weakened from 750k to 575k and ask strengthened from 550k to 1.2m. A very liquid market but plenty of stock available. We're going to find out whether investors are going to hold to ex div date and then sell on following day ie on the 18th ? Then you'll probably see buying nearing next ex divi date on 17/12 ? Monthly divis could create volatility which is great for the traders but easy to get caught out if some positive operational news lands.

I'm looking forward to year end to see if 802 can deliver hundreds of barrels and more reserves and whether the CE finally contributes to the bottom line. Then onto Q1 and several shallows and A5 sidetrack with accompanying monthly divi payments, what's not to like ;)

You're showing off now Bull and obviously you had your crystal ball out to sell at top of the market. If you bought and sold 150k then c 18000 free shares for the Divi pot, nce business if you're good at doing it. Many people have done the same thing and either taking profits or averaging down.

It's a funny ole market today, now 600k a side and could go either way. Caper paying money to shareholders, that's a novel idea and we're actually going to see the start of a return. Most peeps i speak to are going to re-invest back into Casper with free shares. Not for me, it's all going in the car pot and i'll look at it as extra discount :)

Somm, no probs.

Lovely part of the world and i've spent many a holiday on the Cape. Hopefully you've doe the Safari bit, Kruger, Pilanesberg or Grootbos if you want to see the sea life. Maybe a few visits to the wine estates Vergelegen, Spier etc, loads to choose from. If you like your reds, Creative Block 3/5 or 8 , or No 2 if you like SA Sauvignon Blanc. 3 & 5 much better value than Choc Block imho.

Back to Casper. We obviously have sellers as can sell £6.36k max and buy £52.8k ! Somebody obviously wants to shift a few Caspers pre ex Divi.

3% ? 50:50 split between MRs and Domestic hence the $35 figure (GROSS) quoted in latest RNS. MR oil @ $38 gross, $37 net and Domestic @ $33, net $27. This will improve in Q1 if they achieve the $5-10 from cutting out OTs. They were receiving $27 netback from the export/domestic combo in H1 22, this has now improved to $32 and the additional $7.5 (mid point between $5-10) means that they could be receiving c $40 in Q1, that's a 48% hike in net revenues before operational cost/tax. That's why they can afford to pay Divis and i believe the lack of operational work in the shallows is as a result of saving the pennies so they have a buffer should they encounter any operational issues that affect cash flow.

Just need some positive operational success in Q1 or before if 802 delivers commercial oil or to please our CC, the barge result by year end but i believe it remains in rust bucket mode, we'll soon see.

Somm, why 2 months behind ? that's export trade not domestic so i expect normal payment terms.

We have sellers out there as i can buy 950k currently and only sell 150k.

Just added 2 x 150 chunks and the market didn't flinch so plenty of stock available so i sense a little weakness today and will be interesting to see how this trades up to ex divi date.

No idea what were buys and what were sells on Friday but the bid has weakened slightly, currently 150 @ 4.2p and ask at 4.2165 up to 250, 4.29 to 350k max.

Peeps are now sitting back waiting for the first divi payment pre Xmas knowing that monthly cash payments will follow. They have the cash flow to deliver the Divis and that will improve in Q1 as they'll be trading their oil. If they continue divis for 3 months and deliver operational success from their active schedule through Q1, the penny will drop, sentiment will change and the sp will finally get a move on back to double digits. Still got 802 result this year and the CE charter/sale conclusion so there's many catalysts to real sp appreciation in addition to regular lumps of Divi cash :)

CC,

I do love it. A little bit of bait and FF on the line. You are absolutely right re the barge re timing and it may go on til next year, who knows ;)

Building on my post below, Casper really did give traders/investors the golden opportunity to top slice v staying in for Divi payment. The divi yield is fantastic, well i suppose that depends on your average holding price but as peeps have stated already, it's still 5.3% at 10p. The mistake they made was announcing the fact that most operational news was shelved to Q1 and therefore the decision was, sell and take profits and lose out on Divi but as it's paid monthly, those who sold can re-enter the game in December and take advantage of Jan Divi knowing that operational news is due and likely to be positive. The only way people could/can lose was/is if there is news on the CE and i for one was hoping that would happen but thinking about it, they'd have announced a bigger div knowing that was likely to happen. A gift to those who wanted to take profits and forego the Divi and jump back in, Casper would have done better to announce in December and pay in January and there would've been significantly less churn.

The big boys ie the WCP don't care, they're coining in £7.5m tax free pa and that's likely to build. The excitement and sp growth will happen in Q1 as nobody will want to be out with a packed operational schedule.

Hi DM, I bleedin wish it was :( although car prices are starting to reduce. £ strengthening against the $ and heading back to $1.18, hopefully back to $1.20+ soon as i have a few trips planned next year.

Have a Porker TurboS on order as you couldn't buy an ex demo or a low mileage 22 plate anywhere for a decent price. Many cars with the right spec were £30/40k above list so new the best option but now it's changing and cars are starting to appear and asset bubble will burst. Inflationary pressures are hurting and less demand for luxury assets at top $ pricing. Hopefully the same goes for property to enable kids to get on the housing ladder and to counter silly mortgage rates.

Casper Divi to be paid on Budget Day !! let's hope Mr Hunt isn't going to get silly, he's my local MP and i'll be avin a word :)

And todays action is predictable too. Nothing new with the update yet some peeps have bought, hopefully some new players and then the selling which has already stunted any move. Bid was wery strong early doors and couldn't buy a sausage, now max sell is 150k @ 4.2p and buy 1.1m @ 4.39 although everything up to 700k @ 4.3.