GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Thanks Barhut,I will take that as a genuine sentiment.I have always believed that net assets are an important factor in any value assessment,especially where the assets are greater than the share price, which has been the case for SDX over the last few years.However poor current management is,eventually new managers will eventually take over and maximise the asset base.We now have new management who I think have ,or are developing,a new strategy to do just that.Exiting Egypt is the first step and assuming a decent sale price this will give momentum to the Moroccan businesses.The fact that there were multiple offers for the Egyptian business suggests that the sale will be profitable.Higher gas prices in Morocco are very welcome so I am hopeful that SDX will soon start to become more attractive and will probably in due course get bought out or partnered.Having met all the executive directors I think they are positive,know what they want to do ,and well qualified to do so.I dont expect miracles but I do expect a much higher share price in a years time.
The relative performance since BG took over is pretty good
Niox is OIG largest holding at 8.56%.Up 6.35% today on good results.Discount now 30.29% madness
NAV £15.42,a discount of 28.25%.This is ridiculous for a trust with such a good record and plenty of cash in there too
No they cant divulge anything to me that is commercially sensitive but they are consulting as to how best to improve shareholder communications which they are anxious to do.I suggested that a start would be to bring the website up to date
Up 60% now
This is one of OIG largest holdings and up 33% today on FDA approval news
Yes the Egyptian restrictions have affected all cash flows so no buy backs possible.This hopefully will change once a sale of Egyptian assets has taken place.Nods and winks suggested that other news will be announced sooner rather than later with director buying then likely
Yes I did go and only one other shareholder representative attended.Obviously no sensitive information could be given but I have the firm impression that this new BOD are very focussed on maximizing on their position as sole O&G player in Morocco where the gas prices are strong.Jay seems to have his hands firmly on the tiller and in particular the BOD are keen to improve shareholder communication which they admit have been poor in the past.They are aware they have no 'skin in the game' but intend to do so when not constrained by sensitive information.I think this is a competent BOD who will not overpromise but are confident that SDX can grow solidly.Just my thoughts .