Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Look, they said 14 for 2022 and 73 for 2023, then there of course is 2024 and 2025... my point is that these extra millions would have otherwise accrued share holders and if you look at the value drop in the share, it relates to this. Communicating vessels.
Going from effectively 0 % tax to 25 % tax, decreases the value accordingly as it is taken from what otherwise would belong to the shareholders. Now, we might see a rerate upwards, as the company was undervalued to begin with, but this is shafting the shareholders greatly other things being equal.
Price is what you pay and value is what you get. Although the parasites just stole up towards 25% of the value (considering that the next 3,5 years should be the bulk of value after discounting future profits) I believe the company is still undervalued. Am afraid there will be selling though, hope I am wrong.
Someone at the AGM will push for investment in Malaysia instead of the UK?
While Enquest was teethering on the edge of extinction and the British people were locked up, these clowns in power were busy partying. Now they the want to take extra from the profits of companies supplying the energy the society needs to function… a share holder since 2015 in Enquest does not have much to show for it. Has the world ever seen bigger crooks among politicans than these…?
Resolution 17…. Getting approval of share repurchase of up to 10% of outstanding shares.
https://www.enquest.com/fileadmin/content/AGM/2022_AGM_Notice_of_Meeting.pdf
Jan: ".... I am a Spurs fan." That is possibly the best post you ever posted!
Seriously, the strength in the stock is immense at the moment. I remember the days when invariably it was down 2-3 times the market on these kind of days. Now it is just biding time for a big leap in my humble opinion.
Best, Martin
I see your point, and absolutely it is an about face of gigantic magnitude. I just do not like the ”or else” part on the investing of profits subject.
Now, considering the total awakening regarding energy security and the importance of oil, we might just get a big rerate even if going the old fashioned Buckee-way (invest more for growth instead of dividend).
Meanwhile, I hereby offer my million shares to the UK government, for one pound each!
But we need dividends, not ploughing back profits in new investment. If the gummint want a say, I say let them buy stock in the company and vote it through. Come to think of it, that might just be the best deal ever for current lth:s!
https://twitter.com/aeberman12/status/1513939360982478856?cxt=HHwWkMC97fv0y4IqAAAA
Berman being straight forward as usual. People in general still not getting it though, and when this reality sinks in for the broader public, we might just get not just a rerate, but high multiples in a few year (at higher profits also)
My take is that the company has not really shown ability to pay down debt, until it presented FY 2021 results and added that they also paid down a lot of debt in jan and feb. Couple that with the rumoured future demise of the whole oil industry, which too many people believed until just a few months ago. I would say that these are the big explanation for not only why the stock looks cheap, but is still very cheap. When it comes to momentum stocks (recent winners continuing to be winners), research has shown that part of the effect comes from that they "look" expensive as compared to earlier ("if only I had bought las year" type of feeling) when they instead only have gone from dirt cheap to a little less dirt cheap, and have a long ways to go. My 2 cents.
https://www.marketscreener.com/quote/stock/ENQUEST-PLC-6098532/financials/?msclkid=05b94ae0af5411ecb215dad0f425d9b8
Newly updated and now showing a forecasted divididend of...wait for it....1 cent (!) for 2023. While the forecast for revenues and EBITDA for the current year looks good, I also note that the forecast is very downward sloping for the next years. Surely there is room for a dividend five times as much? And room for much more positive forecasts revenue-wise for coming years given the possibility to drill and the strucutural deficits in investements in the industry the last few years, leading to elevated poo for longer? Comments?
It is indeed great news that we are up although oil is down. I wonder though if oil is down 3,5 dollars from friday rather than 7? May Brent is currently 116,7 and was just over 120 on friday afternoon. But I believe front month has changed, so that you actually refer to the June contract, which is another 3 dollars lower.
Regarding ner debt at reporting time, I understand it to be not possible to tell for sure from the information given. They do say what net debt was at end of feb. They also specify that they have paid 85 mill in march. But they do not tell if that is net repayment, although i would guess it is. I think onedb might be right.