Member Info for Mulder

The exact timing of a closed period before results is unclear. I would have thought a month max?

Currently the P/E is just 9 with a dividend of around 7%. Being highly pessimistic lets say EPS drops to 12p. The P/E is still only 10. It's not unreasonable for such a share to be trading on a P/E of 15. This gives an SP of 180p - roughly the level it was pre-drop.

Having read the last statement again I maintain a drop of 33% is way overdone. Being kept in a very tight range. No more director buys or holdings updates. Bizarre. No more updates until March I believe.

Not only that but Brent is now above $67 ********************************************************************************************************************************* Centrica plc owns 69% of Spirit Energy, with Bayerngas Norge�s former shareholders, led by Stadtwerke M�nchen Group (SWM), owning 31%. 2017 production from the combined portfolios is expected to be around 50 million barrels of oil equivalent (mmboe) from 27 producing fields, and total 2016 year end 2P reserves and 2C resources were 625 mmboe.

Big question is whether this means more work for the private sector i.e. Spire.

Quality utilities like NG and United Utilities are trading on P/E's of just 12-13 whilst other sectors are on P/E's of 30-40. Crazy.

High street fears overdone.

Profits upgrade. Cold weather helping sales. Pessimism overdone? CEO Bucher well motivated to turn things around here. SP here should be 60p+ which still gives a P/E of just 10.

Slight recovery in SP only so far.

Don't waste time – buy Pennon IC View The group operates a generous dividend policy of RPI plus 4 per cent, which at the last results was more than twice covered by adjusted earnings. This lasts until the end of the current regulatory period in 2020, by which time we can expect increased earnings from the waste division to help provide groundwork for further growth. However, the uncertainty about the future of the water business has pushed the valuation of Pennon’s shares down towards a five-year low, with the forward earnings multiple well within the bottom 10 per cent of the five-year range and the expected yield in the top 3 per cent. Pennon’s history as a best-in-class water company means we think the chances of an impressive AMP7 outcome look good. The potential implications of renationalisation were it to happen are very hard to predict, but it may be rash to assume the impact on shareholders would be swingeing. Meanwhile, investment in the waste business provides a useful diversifier against political upheaval. Buy. Last IC View: Buy, 782p, 1 Dec 2017

Utilities trading at a huge discount to other sectors.

Most utilities getting hammered again - reason? Corbyn risks greatly overblown IMO.

Price almost halves from the 52wk high and not a single director buy still - could they be in a closed period? Highly probable IMO.

?

Market finally waking up to Centrica's significant O&G/E&P assets and realising O&G prices are 30-40% higher now compared to last year.

M&A Markets Blog: January 2 2018 There is no detail at the moment on the list, just the names. Some are new contenders, others like ITV, are as old as the hills. However, there will be weekly updates on the M&A Markets blog here at Zakmir.com, with colour and latest developments. If anyone has any further information on the names above, feel free to get in contact. The geographical breakdown is below: UK Capital & Counties (CAPC) – Property Development ITV (ITV) Media Shire (SHP) – Pharma Vectura (VEC) – Pharma https://zakmir.com/

.A more sensible P/E of 14-15 puts this back to an SP around 90p-100p

Looks like Zuma may be impeached after the latest court developments today. New president may be in place soon. Why would the market see this as bad news? Other SA miners all up. Slightly higher volume today but no major trades/sells that I can see. Placing was done only 6 months ago so surely not another? Directors have been buying in bulk. 8.6% in a day is extreme.

Bizarre. Zuma on the way out, mining charter seemingly dumped, gold at $1300. Hopefully not another fatality or placing. 15p to 13p in just 2 days?? Elikhulu comes on stream in 2018 and should add another 25% to production giving EPS ~ 1.5p A P/E of just 12 gives an SP around 18p

Must be some PAF specific news that has not been leaked to PI's yet.