Member Info for Monty888

Avoid - Can’t ever make a net profit.

Seems Royde keeps loading up into his Kestrel fund that he owns for tax efficient purposes. (Encouraging).

Good news today and even the worst latest broker ratings at 93p with a 165p average. They have kitchen sinked all the bad news news, cleaned up the balance sheet and are all set now to crawl back over 200p in the next 12 to 18 months (That’s a pretty good bricks and mortar return in these troubled times).

The consensus price target fell 6.1% to UK£1.63, with the weaker earnings outlook clearly leading analyst valuation estimates. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Watkin Jones, with the most bullish analyst valuing it at UK£2.47 and the most bearish at UK£0.93 per share.

Wierd we are selling probiotics for horses. Quite a good market globally I would think. Thx for sharing 😀

Well the markets don’t agree and the shorters are getting burned badly. Prefer this to CARD any day.

Surprise net loss last results, owcwe have a drop in revenue versus the company consensus. If next years deferrals turn into cancellations we have further to fall. Not what was written on the tin that’s for sure.

They are ramping the benefits to investors ahead of a discounted capital raising. With less than £2M revenue and nearly £3M in net losses it sounds good in words but is highly speculative until we see some realistic numbers. Probably a good investment in 3 or 4 years time.

Soooooo undervalued. When will a huge uplift re rating happen I wonder…….

With so many shares in issue and more dilution coming (banks won’t loan any more money, it’s dilution or delist at the end of the day). The “loaded” overheads to extract oil in this part of the world at current prices would generate much cash if they ever could find the motherload of high grade oil under natural pressure. The only people making money here are the BOD and employees - This is an investors / Shareholders graveyard for sure.

I hope the revenue is lot higher than £80k?

I’ll take the bearish end rating of c.100p any day. Not hard to see why the Directors are dipping their toes.

Part 2 - Same article

The consensus price target fell 6.1% to UK£1.63, with the weaker earnings outlook clearly leading analyst valuation estimates. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Watkin Jones, with the most bullish analyst valuing it at UK£2.47 and the most bearish at UK£0.93 per share.

How much did they sell it for do we know?

Shorters paradise (should say).

All the acquisitions, many of which are bad and non profitable. Despite all the up talk in the final results facts are a net 1m loss. One of the acquisitions was heavily China centric now blocked from trading in China (that was good timing). Revenue is vanity and the products and area AWE are into is not state of the art also. I think it’s best watched and I wouldn’t be surprised this becomes a shortest paradise in the near future. (I followed in Sutarda and sold out at a loss due to the lack of honesty and transparency). Good luck to those still keeping the faith.

Strange things people seem to post. How would we do a share buy back when we are not generating net cash? I would think that’s way down the list of sensible priorities. Probably cutting the head count further again if targets are not met and making sure we maximize profits from the assets we have as well as continuing to write down assets to fair value and declare that is 100% complete, not sure if we will keep doing the write downs to fair value in tranche’s (Need more balance sheet clarity). We are defiantly going in the write direction regarding transparency but not there yet, if we get our accounts totally cleaned up would we need to take another day £2-300M hit following our £500m hit. I think we are also likely to see a drop back in sales (revenue) as well especially if we protect margins. Lots of uncertainty, however I would rough and dirty guess fair value is 150p to 200p for all 3 divisions in current markets. Probably double that if we were in a nice up-trending bull market which sadly isn’t even on the horizon, next chapter is 6% BOE and a subsequent unavoidable recession I fear…(Hope I’m wrong).

You called it correctly MadDog. Terrible update just as it looked like we were on the cusp of generating some net cash…No the medicine ain’t working. Probably oversold but who really knows now (Another dog share to away for years I guess).

Here come the Director buys just starting up as we thought and agreed it would a good sign…Strong buy at current price that’s for sure.

Would be a good sign and I would expect them to show confidence not mention make a lot of money themselves

I agree, it’s very oversold now. This will be yielding a great dividend percentage of the next year two as it recovers from a one bad debt situation. They share that confidence and continue to pay a reduced but healthy dividend none the less.