RE: Not all Doom & Gloom6 Feb 2023 13:51
March 31, 2021 - Jefferies Harbour Energy Investment & Banking own advisors said on this date:
Harbour is not expected to pay taxes for around five years due to Premier's $4 billion in so-called tax losses which can be offset against future revenues, according to a note from Jefferies analysts on March 18.
["Premier Oil's share count will multiply 20x but so will the market capitalization.
We estimate a 30p/share price target for the proposed Harbour Energy based on 25p Total net asset value ($6 billion market capitalization)," Jefferies said.]
Harbour is not expected to pay taxes for around five years due to Premier's $4 billion in so-called tax losses which can be offset against future revenues, according to a note from Jefferies analysts on March 18.
"Premier Oil's share count will multiply 20x but so will the market capitalization. We estimate a 30p/share price target for the proposed Harbour Energy based on 25p Total net asset value ($6 billion market capitalization)," Jefferies said.
However, soon after completion, it tanked to 15p. Back then, I had bought premier oil shares at 22p and had invested £120k.
I got whacked by believing in this article and was hoping to make a killing. I had to sell up and take a small hit on my capital.
Nevertheless, hbr did eventually got close to the old money of 30p, but unfortunately as you can all now see, it never made back since its downward reversal. So, HBR is back to almost two years ago share price as it completed the pmo take over. The entire BoD of hbr stinks like a box of alod kippers. Stay clear of the company stock.
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