Member Info for NewKOTB

flexmw,

You are correct, we have been 'floating' around the 50% cash to MCap for some time now ... ridiculous situation to have so much cash on our book for so long without making it work, we have better cash reserve ratio than banks in terms of cash held !!! .... so they need to distribute it as clearly this is the primary reason for AA approach. I would hope this is the reason as to why we have not declared our CoH position, so as to flummox AA.

aimo & dyor

schlemiel,

Agree, to add I would like you all to think about CapEx required to begin production, mind-blowing tiny for an off-shore campaign. Some NS players, in similar depths of water, with significantly less reserves require significantly greater CapEx, I'm talking in excess of >£1bn ..... The point I'm trying to make as schlemiel alluded too, is our assets are NOT, with our low CapEex, destine to be 'stranded' unlike others.

aimo & dyor

Yep, as I expected, production confirmed ~29kboepd, with July's average stated as NBP 192p/therm & Brent ~£115 you don't need to be an astrophysicist to see stars are aligned with substantial revenue, think GCSE Grade '1' would do the trick.

This Ops update smacks of desperation from our board to re-assure institutional holders and not let them be hoodwinked and scammed to the dark-side. So long as we have the Hardy's on our side we stand a half decent chance of kicking AA into touch. At the moment around 37% already declared outside of our board and the Hardy's. AA would need at least ~39.6% of eligible equity to side with him to counter the Hardy's and our boards votes.

aimo & dyor

GP, No, the RNS is great and our SP would usually sprint up on good news, however that driver is more often lead by PI's not Institutions ..... As vast majority of PI are, I guess, loaded up, so we have no primary driver as such. Therefore our SP can be easily managed, only as and when will it be 'allowed' the Great Escape, Steve McQueen style will we really roar off into the sunset and not get tangled up in hope of £1 tomorrow.

All good news today, moving in right direction so nothing wrong with a small rise, ask the wife !! She's holds too.

aimo & dyor

Volume, price action in terms of speed of rise / fall will show us if control of our SP will continue as has been for many months now, slow start but promising. My guess is our SP will not be allow to 'escape', not just yet anyway !! To much going on in the back-ground for it to be allowed too.

aimo & dyor

That's due to auction where BID is raised ... nothing more, wait for green light !!!

Sasa,

Forgot to add, that if the 424p offer was made, he would spin it as being our ATH too. Try getting your man in the street to say no or any institution investor for that matter .... everyone would, in theory be in profit so long as Kistos SP remain above deal price and doesn't collapse for some reason.

aimo & dyor

"clear manipulation of Kistos SP prior to offer...." should of added following offer too.

You will probably see AA come back with a new 'wonderfully' enhanced offer that basically has been improved via Kistos SP gain over the offer period to-date (~42p x 0.2932 = 12.3p ) and our ongoing massive cash build until deal completion (est £80m or 30p/s). Making a new offer of ~424p

So in reality has cost AA nothing to improve the offer, but SH's will think, great we managed to get a better offer ... err no, it will still be a **** one !!

If AA manages to pull this T/O, hats off to him for spotting the opportunity and 'managing' SH expectations with the skill of a magician and mind control of an hypnotist plus his city mates too of course !

aimo & dyor

d220,

Problem is offer's made up of cash (mainly ours btw) and 0.2932 new Kistos shares .... It is no co-incidence that Kistos shares have gone on a bull-run in last few weeks or so. The offer would now reflect 144p in share value + 246p in cash, making 390p .... against 382p offered last week. Deal was based on the closing price of 463 pence per Kistos share on 11th July 2022

I would say that AA and his city friends ensured the bull-run from 7th otherwise the trending SP for Kistos prior to the offer being made on 12th would of been ~420p and hence AA needing to offer more equity in Kistos.

Our board are about to be taken to the cleaners if they allow this T/O to happen, clear manipulation of Kistos SP prior to offer, one ACW should face AA off with imo

That's even before I get into the nitty gritty of our cash build between offer and completion of deal, probably in excess of £80m or worth around 30p/s

aimo & dyor

ATH .... :-)

Kistos, new ATH and heavy buying .... are they expecting a slam-dunk of a deal, but who's buying who !

Kistos up +5%, SQZ up 1% ( still ~42p below offer price)

SIV,

newkotbsqz@gmail.com

Many thanks .... PS Egg still cooking, not quite enough HTHP I guess ... :-(

sasa,

Agree, although sometimes, regardless of how poorly the deal represents SH value, it comes down to votes on the day, nothing more. Get the right votes in your camp and you win, regardless if you are right one for the role .... not to different to current UK politics, looking for new PM.

"maybe into the 275p - 300p range.... "

As far as that assumption, I would say probably but for how long. At the moment I'm in the middle of releasing funds from other investments to take advantage of any dip on AA pulling out, which may be premature to 9th Aug. Reason being, I see SQZ are now in the shop-window and will not be long until we have another party interested in us, unless we manage an accretive deal then it's win win. How the market will reacts to NE is of a bigger concern for me so will balance my funds accordingly.

PS Talking of Eigg, just trying to cook an egg on the patio, actual patio that is !!!.

aimo & dyor

SIV,

"N Eigg was a political sell off by BP, the field I have no reason to doubt will produce...."

Interesting few comments there .... I've been trying to find real data and history on NE ( outside of SQZ's ) and to-date found very little. Be great if you could put more 'meat on the bones'. You also appear pretty confident that NE will produce, question is will our current drill be classed as commercial, your views on that would be greatly appreciated.
As for coming on-board just prior to BP's share sell off, which I view more of a transfer due to book build ( still not sure where they went btw ) fwiw, no-one seen that coming, least of all myself. Maybe the reason behind sudden departure of BP will be known one day. Until then our board need to deal with AA and his terrible offer. atb

aimo & dyor

SIV,

To be honest, anyone could be the ideal purchaser of SQZ, so long as the price is right.

SQZ have operator-ship in 4/5 of its major production assets, zero debt, circa ~£450m cash on its books, production ~29kboepd net atm ( 5% of the UK’s gas production), ~58mmboe reserves with N Eigg drill underway to possibly double these. Primary product, UK Nat gas (85% of production) seen now as green and also transitional energy too. Very limited decomm liabilities and claw-back of 91.25% of development cost of successful production wells, claw-back allowance also includes Bruce / Keith well-intervention program. Dividend payment this week of 9p/s with expected 6p/s or more, announced in Sept, yield of ~4.3%. 2021 £386.8m gross profit with I estimate ~£800m FCF for 2022.

All this set against current MCap of ~£900m .... will AA's offer of 382p be successful, I really hope not, SQZ is worth a lot more but as we all know, what a company is worth is not always where deals get done for one reason or another.

aimo & dyor

sheltie, as we know is pure out 'n' out trader, so expect their posts to reflect nothing more. I would guess it sold out this morning by 8:01, probably talk it down over coming days to gain another entry.

For me, DT has done nothing wrong, the market has yet to, for some reason, be able to value DT correctly. Wild swings of past 5 months ( fall from 553p) due to BoT's and traders not investors and poorly understood RNS's, today's RNS is no different. These results will ensure the recently broken down-trend will remain broken for foreseeable at least.

aimo & dyor

Appears as if early traders have cashed out on yesterdays buy ......

Great results, but worth way more than current +0.8% ffs esp as still in oversold afaic.

aimo & dyor

EBITDA margin for the year should be no less than 19.5%, above the high end of its previous guidance range of 15% to 17%.

Yes, I know, got quite a few on Thursday 381p, so looks quite awesome to me atm.

"They’re all over at Aston Martin scrambling for shares!!.."

LOL, and only last week the census for the 'experts' was they had $0 value ..... just shows how stocks can turn on a sixpence.

This this may be the week our value gap begins to close ... been waiting far too long.

PS Watched 'The Undeclared War' on C4 at the w/e .... worth a binge evenings viewing imo.

https://www.channel4.com/programmes/the-undeclared-war

aimo & dyor