Member Info for ocelot

Investopedia's defintion:

What is Net Present Value (NPV)?
Net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. NPV is used in capital budgeting and investment planning to analyze the profitability of a projected investment or project...

I've already presented you with Wikipedia's definition of NPV, but you objected to it, BECAUSE it had been copied and pasted.

I've already presented you with Wikipedia's definition of NPV, but you objected to it, but it had been copied and pasted.

wealdpwr,

The whole point of discounting forecast cash flows is to arrive at a value NOW (a Net Present Value) for cash flows forecast over coming years.

Your NPV of 0 means, therefore, that you are forecasting zero cash flows in the future.

Personally, I suspect GL is better informed on this one than yourself, (but, of course, you are welcome to your own opinion).

4) GL has calculated a Net Present Value "right now" for Saltfleetby of 4p per Angus share.

Agree with your near-term 3-4p forecast and am personally hoping for a bit higher.

Agree, too, that the company will be keen to keep the market informed of developments re both Balcombe and Saltfleetby.

... Somaliland has 24 blocks of oil, six of which have already been put under concession to three companies.

Three blocks have been commissioned to Genel Energy, two to Rak Gas while one will be handled by Ansen Gas.

Genel stated that initial results have offered sufficient encouragement for a number of high graded areas to be targeted with infill 2D seismic acquisition.

Among the blocks, Genel has been working on is Odewayne whose potential estimates of 1 billion barrels has seen no seismic data acquired before this.

It remains undrilled although the scale of the basin and comparison with analogue basins suggests the potential for developing a significant portfolio of potentially drillable structures...

"organic growth from existing portfolio provides the opportunity to double production" (p7);

"Sarta alone has the potential to replace all maturing production and cash flow" (p9)

DNB Markets High-Yield Bond Seminar (London)

10 December 2019

Reminder: Genel's net cash was $115m at 30/09, (its debt was $300m, so cash was $415m)

at 09:24:56

Withoutt 190
Broadland 193
Hawkey 200
ocelot 210

100%-held - for list of subsidiaries, see note 11 to the last annual accounts to 30/09/18.

... and a lot of AIM directors are on AIM because they need to finance their companies by appealing to ... private investors!

an agnostic?

I'll just qualify the first sentence of my last post:

there are those who doubtless made money during the rise to 35p and while the price remained well above the IPO price of 6p.

I'm guessing he's shorted about 3,499,000,000 of those, (but it is only a guess!)

gkb47,

Not disputing that the company's profile has changed since its IPO and there is no doubt that, to date, it has not been a successful investment for anybody.

For myself, have only been involved since the change of management at the beginning of this year and, above all, since the share price drop after the Brockham RNS of 28/06.

gkb47,

Personally, think it is Saltfleetby that is the real "game in town", because of its forecast significant and recurring cash flow, with Balcombe offering a more unpredictable, but potentially exciting, nearer-term prospect.

GL's experience lies in the City, dealing with sophisticated investors.

It means the company's cash flow forecasts carry weight, sufficient, anyway, for the OGA to approve the transfer of the Saltfleetby licence and operatorship to ANGS, (ANGS's cash flow forecasts were central to their submission to the OGA).

On the basis of those cash flow forecasts, GL calculated a Net Present Value "right now" of Saltfleetby to ANGS of 4p per share.

Imho, that is a calculation which carries weight and means that the share price, at 0.95p, is currently sitting on a discount of more than 75% to Saltfleetby alone.

Ja51,

Know absolutely nothing about Primorus, not a stock I have followed.