Graham Clarke CEO and Andrew Vaughan, Head of Corporate Development from Emmerson the Moroccan potash mine developer, presented at London South East's April Investor Webinar. Watch the full video here.
RE: mcap £48 million cash in bank $106 million09 Apr 2021 17:39
The non invested, individual Shorts, recent accounts claiming to have sold out on multiple occasions, all here don’t seem too happy now with recent high trading volumes, visible extremely large buys, and today’s nice blue finish (while institutional Shorts had already been closing), as no matter what, HUR market capitalisation is clearly way too undervalued at present, markets often do that for variety of reasons but always positively re-rate overtime, in HUR case, should be a massive one, DYOR.
RE: Another shocker from this Board of Directors09 Apr 2021 08:18
Wait, wait, yes IMHO, now is the time to load up on here, extremely high volume last 2 days, and some are already loading up, and hope CA is one of them; even HUR scraps are worth very much more, let alone the rising cash, tax credits, and forward potential, So far and very strangely, BOD has been the key obstacle here, are they simply incompetent or is there an agenda? We will find out in due course but current valuation is a true multibagger bargain opportunity, DYOR.
Glad to see you are doing your research slift and in this case that is exactly the reason why I bought into HUR yesterday which I have clearly stated in my posts and you fail to mention; I believe there is a visible push by the BOD here to under sell HUR (for unknown reasons) in which AM is also a participant for reasons I mentioned and hence, I see a huge visible gap in true valuation here that will become apparent over time and I aim to utilise this massive gap, I could be wrong but have done my research and subsequently placed my money, although not like you sitting in a room only, please DYOR, otherwise you’ll loose your pants in the markets, that’s free advice, no more here.
slift, Having a gap in your employment is not at all an issue but reasons for leaving could at times be important in the big picture, and as for PFC ex CEO who owns 18.82% of the company, we all know why he is now ex CEO even though he owns ~20% of the company, and for sure so do ADNOC and subsidiaries along with other NOC & IOCs, as I said DYOR instead of waisting time on shares you claim you have no interest.
It is obvious that you have never worked at management level so far because if you have, you will certainly know that in large Multinationals and at those levels there is often not a visible gap in the CV for high level multinational employees unless of course there are ethical reasons or retirement; high level employees are kept on payroll some time after departure (although not physically present in the business), particularly prior to moving to competition in order to create a knowledge gap. Also generally, some stories are known by many if you ever leave your room/computer and ask around instead of simply checking LinkedIn or websites, I’m not saying there is one here or there isn’t but simply DYOR instead of fast writing LOL for no apparent reason! As for HUR, I’ve done my research thank you, and very happy to put my money here at this SP and contrary to the visible noise. I sincerely hope Petrofac works for you but as I stated, it’s certainly not one for me, I very much like HUR today at these valuations, time will only tell.
I suggest you research why incoming Petrofac CEO Sami Islander first left Schlumberger while REW President, and then BG/RDS, and subsequently review his management style, also as everyone knows, Petrofac has had major ethics issues at roots which if not fully sorted, can potentially cost it massive business for years to come as in MEA clients are extra careful in this respect, also, lots of right offs could be in the making here at least this year and very possibly next, personally, I wouldn’t touch Petrofac with a barge pole but that’s just my humble opinion, DYOR.
Story here will become much clearer either by CA forcing the boards hand here or a bid coming in etc. but whatever the intentions of the BOD, we are likely to get a clearer picture sooner rather than later as this negative messaging cannot continue IMO.
The reserves could magically re-appear post a very cheap takeover/bid supported by Kerogen and our CYA/do absolutely nothing (apart from blatant value destruction and clear contempt for shareholders) HUR BOD!
Interestingly, Mr Kelty (O&G analyst) stated: “I don’t see how new management have got it so different to the previous team – who had the experience and skills.”
And on Kerogen: “Cheng would not be drawn on the future of Kerogen’s 16% holding in Hurricane Energy, the beleaguered west of Shetland operator.
However, he said: “We’re committed to the UK, we have an office there, a lot of our investments are there.
“It has traditionally been a core part of our business and I think it will continue to be”.
Oil and gas, as he said, isn’t going anywhere, and Kerogen is keeping an eye out for opportunities within its own portfolio“
RE: LSE should suspend this quote while....07 Apr 2021 14:52
“give me a reason why the CEO would deliberately destroy shareholder value?”
If that is not obvious from the effortless RNS of today, then doing absolutely nothing this year, and planning absolutely nothing for next year so far but screaming shareholder destruction day in day out then I don’t know what deliberate destruction is, although, I do agree and see your point that it is hard to digest but who knows, one thing I have learned over the years is that there can always be reasons but still hope that you are proven right here and AM starts to shine!
RE: $106 million free cash in bank +$20m per month07 Apr 2021 14:42
“With today’s Brent price and H2 outlook, any competent BOD should easily be able to attract potential investors here in today’s ultra low interest rate environment, DYOR."
Spot on otb3, I agree and sincerely hope HUR executive team finally start doing their jobs and get their act together, environment is ripe here with many tailwinds nicely in place today for the U.K. O&G industry, GLA.
RE: $106 million free cash in bank +$20m per month07 Apr 2021 14:02
HUR SP should be at much higher levels even today if not for non-action and then deliberate value destruction by the BOD which should not be allowed to further continue here, proactive action needed but I am cautiously optimistic and therefore have just dipped my toe in here and may continue at these levels, all the best everyone.
RE: Problem Here Is Clearly The CYA Do Nothing HUR BOD07 Apr 2021 13:24
Ricardo, lot stranger things have happened in the stock markets but I trust his judgment as I’ve made good money on it before, no one knows for sure but I’m willing to put some money here at this moment, I presume you’ve already cashed out of HUR sometime back as evident by your stated opinions.
RE: Problem Here Is Clearly The CYA Do Nothing HUR BOD07 Apr 2021 12:57
Today on the recommendation of a close friend, I bought HUR shares for the very first time which may seem very strange to most here, especially after all the so called kitchen sink RNSs here since ~mid last year including that of today, although nothing absolutely nothing new or unexpected in today’s company update apart from the BOD doing their very bStrangely, I’ve been told by my friend that in his opinion (which when it comes to shares, I value very much), if not for the deliberate and obvious kitchen sinking attempts (or/and incompetence) of the HUR BOD since 2018 (not sure why that date/year was specified), even given the statuHUR SP would easily today be trading in double figures