Member Info for Margaret365

17.5 UT, not been here for a while, Could we be stirring.......odds on for some sort of RNS tommorow

Strategic and negotiation skills yes, operational skills at the limit. They thought they could take this to a mid sized producer and a SP to reflect, they cannot, still done well with the skill sets available to them. The big boys recognise the potential and they are more capable of moving this asset to the next level. If a deal is done, they will give us a profit that should satisfy some.....but clearly not all. Come on Bigsmoke, sit tight, you've got to be in it....and all that.

They want out of this, the same as us. Some want out the game completely re Ironveld. They have lined it up, operationally they have stopped progressing because they are leaving that for the new owners IMHO.

I don't think this is unusual. Looks like we are close now to some sort of conclusion or update on process and the SP was likely to track down prior to this to unsettle nervous investors. It's still marginal with very little volume, tells me that the seal around those in the know is water tight, as has been the case in the past. A deal and we go up, no deal we go down....albeit short term. This share has tested patience for sure, but there is significant upside if negotiations have gone well.

Taken a huge hit on personal net worth that there lifestyles would not have predicted. Even though some topped out handsomely, it gets spent due to the gravy train mentality.......perhaps not so much hard cash sat on the sidelines. Plus job security will be at the forefront, performance being closely monitored by the increasingly large shareholders and tolerance of further screw ups will be low. Expect rationalisation of the field with the monopolies commission being kept busy. One serious buyer out there at the moment and they are hungry for market share.

I agree, I like the Communication and the language adopted. Amerisur, one of my main holdings and other oilers could learn a thing or two from this. This Company under JM stewardship has a great deal of promise.

I have insight in this sector, IMHO, this will get broken up and sold. It became too big and the management took there eye off the independent competition. Much work is being done and a fair bit of pain felt, re organisation and strategic review ongoing and will direct the company in a positive direction once more. There are large funds with significant holdings and significant book losses to date. There is an aggressive player buying market share and I can see deals being done by Dignity to take advantage and reduce debt which is the main driver of the depressed share price. Ultimately it will be sold in its entirety, it's a great annuity income earner. Meanwhile, funeral numbers will be ok, winter months ahead and crematoriums continue to be the cash cow. I see upside here.

That's 4 million shares bought since the review announced.....they like it with 16.8m shares. Could have sold into the rise but would rather buy more. Good sign.

Same thoughts CD, that's why making money is a test of nerve, very rarely is there a no brainer.

Interesting move this morning, pegged down by A trades. Who's chucking the towel in, who's sat on there hands and who wants a punt. Let's hope this is just a squeeze to test the bottle and that we have a buyer waiting. Me, well I've bought some.

Definately got the governments ear. Infrastructure being lined up, this is a fantastic opportunity, just need patience with this one. Put in what you can afford to forget about for the time being, you will be less inclined to worry and trade the peaks and troughs in classic PI style. I've bought more this morning......it's not being shown....I guess I'm not the only one.

Circa 500k on the bid side at 17p, substantial when compared with late so understandable why this selling pressure hasn't taken us into the 16's again.....which it would have done in the last few weeks.

Quite a few chunky sell trades going through today. Likely retail investors, being mopped up without to much trouble so far.

Looks like it's waking up.

Half year EBITdA was $19m based on 5500 bopd. Currently we are at 6900, with. Year end average expectation of circa 6000. You can assume an average of 6500 for the 2nd 6 months, that extra 1000 bopd will give around 180k additional barrels, over and above the first period, which will provide an additional 8m of margin, giving end of year of 46m EBITDA. Based on current valuations, we are priced at a PE of 5.5. Amerisurs potential in capable hands is of course worth a great deal more, 20k bopd is not out the question if drills are successful.....but that’s the buyers upside. If we merely base it on here and now given no debt and low risk profile then a PE of 8 is not excessive. That would give a starting valuation of $368 (£304m) or 25p. The calculation of upside from here is the analysis being done in the data room, what extra can a suitor bring to the party......that’s where the discussion is and where the deal will be thrashed out.

Still at 24p Ross? amazed you haven’t taken the opportunity to reduce your target with the muted RNS today.

That’s because we won’t be doing it.

BOD have agreed to meetings with interested parties. They have had plenty of time to assess the confidential company information including what we have today. The parties are still interested and our BOD are willing to entertain them. To allow this progression I would suggest our BOD will have assessed the indicative intent to be worthwhile pursuing, and therefore more attractive than M&p offer they declined outright.

It's all about our the bolt on of our oil in the ground,assets and infrastructure. In capable hands it's some prize.

Well, pretty much this, apart from lower profit than I expected. Merely treading water, this BOD have finished there operational work, its all about the sale. I'm even more convinced that Amerisur is all but gone. I don't expect top end fireworks but there is a premium to be paid from here