We would love to hear your thoughts about our site and services, please take our survey here.
You are having a laugh, aren't you? But then again, having checked our posting history I see that you are interested in UKOG, so perhaps your posting was actually a serious question. In which case I suggest that you refer to the Company's own website, you will find all that you need to know there.
Apolog�es, Cebo, I understood that Statoil were presenting at a Capital Markets Day next week, but clearly I was misinformed. I have seen JOG's presenttation, courtesy of a link from an ADVFN p�ster, do you by any chance have a link to Statoil's presentation?
I thought that it was JOG who were presenting at tomorrow's conference, but clearly there are some posters here who seem to think that Statoil is presenting. Assuming that I am correct, and it us JOG who are presenting, then I really do not think that we are going to learn anything new. After all, what has happened since Monday's RNS?
Fundementals now justify a higher price in my opinion, but we do not know if Stena are going to continue selling and this clearly has been holding the price down in recent weeks. Stena now could convert their first tranche of Convertible Stock ( at 18p ) and it is possible that they now want to sell sufficient of their existing equity holding so as to ensure that their holding post conversion is as it was before. If that is their aim then we must expect further sales in the short term, but taps do not last forever and sooner or later value will out.
But surely rylidan the PE would be 9 , based on your �4m profit forecast. After all, there will be a total number of 180m shares in issue after conversion ( as you have correctly stated ) and therefore at 20p the market cap would be �36m, which of course is 9 times your �4m profit forecast. Having said that, I do think that �4m could prove to be way too conservative if the price of iodine stages a major recovery and/or Iofina are able to get more plants up and running.
Point taken, rylidan, but I am thinking that they will hold back a production update until IO7 is complete, so as to guarantee maximum impact. If at the same time they can make some detailed comment about the price of iodine then so much the better. And if they could say something about how in the future they plan to redeem the convertible stock so as to avoid dilution of the equity, well that really would put a light to the blue touchpaper, but I suspect that it is too early to hear any news on the part I hear point.
This rise really should be no surprise to anybody, and I think to talk of a leak of information is a little over-dramatic. What we have had over the past ten days is a. News of the bankruptcy of a rival iodine producer b. A report by IndMin that iodine prices have risen in the opening days of the New Year c. A continuation of reasonable weather conditions in Oaklahoma, that should ensure that IO7 is completed ahead of target. All three of these pieces of the jigsaw have been available to anybody who was minded to look for them, there is no need to speculate about information leaks or forthcoming RNS announcements.
But craig, the placing was priced at a discount to the price prevailing in the market the night before. If you are a novice investor then I can forgive your naiviety, but I do recommend that you spend some time studying before comitting further funds to the equity market. I do not know if it is still in print, but the Investors Chronicle once published a very useful introductory book called Beginners Please. Read that and then perhaps we can have a meaningful exchange of opinions on this board.
Thank heavens that there are posts such as Dick' s most recent offering, because when I read posts such as today's comments by craig123 re the pricing of rights issues then I really do despair. Craig, do you not understand that equity capital is risk capital, if you cannot understand this then really you should not be invested in the equity market. Dick, glad to see that you are in Serica, me too. Remarkable though it might seem, the story is still not that well known in the City, and I really believe that the stellar performance of the share price since the BP deal is more the result of private client buying rather than any great degree of institutional involvement. Once the forthcoming trading update is out of the way ( next week? ) hopefully Tony CW will be able to get out and sell the story so as to get some new quality names on the Register. City fund managers may be exceptionally clever ( and exceptionally well paid ) but sometimes they need to be spoon-fed ! Sad, but true. Good luck to you in 2018, and thank you for attempting to raise the calibre of this bulletin board !
Can somebody confirm exactly when is the last date by which the Iranians could put a spanner in the works ( if they were so minded ). And before anybody answers along the lines of " this is highly improbable, Tony CW will have sounded then out before, the UK Govt. would not allow the Iranians to control such an important source of UK energy needs ", let me say that I totally agree, I am confident that the Iranian issue will prove to be a red herring, but nevertheless I would still like to know the exact date when their ability to spoil the party expires. Any views anybody ?
Norbert, production volumes are only one part of the picture, a much more important variable is the price that you can actually sell the finished product at into the global market. In that respect I assume that you have taken note of what happened in Chile on Wednesday. The potential effect of that court ruling on iodine prices over the next year could leave your 20p exit target looking far too low. There is no doubt that Iofina is now a very efficient producer, with high operational gearing. Imagine the effect on profitability if say global iodine prices moved up into the 30s, and there are some who might argue that a rise into the 40s is a real possibility.
Today's announcement that SQM has to temporarily curtail water extraction could have a significant effect on iodine prices as clearly it is going to add to SQM's cost base. For years SQM has been abusing its privileged position, so it is good to see the authorities in Chile finally beginning to flex their muscles. 2018 could finally be the year when we long suffering shareholders finally get our reward!