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how do you know this ? it is equally likely the price is being artificially pushed down to let the US buy in cheap
EU has announced there will be complete ban on new petrol/diesel cars in 2035. I wonder what they'll all be running on?
You just know the moment any UK share is listed on the US stock markets it's going to get bashed and deramped by market manipulators. For me, the moment a UK stock joint lists on the US or Canadian markets its time to jump ship. Also, CTL have joined US market to raise money easier. That may be why stock is being pushed down to make it more attractive to US investors.
I know markets are forward looking but last report in October said revenues and profits were up (although some worries about supplies from China).
Is someone trying to acquire significant holding on the cheap - maybe to force a sell
How credible are Peel Hunt - do they have an interest in pumping this share whilst there are unknown issues behind the screen
How credible are Peel Hunt - do they have an interest in pumping this share whilst there are unknown issues behind the screen
Mind out for rampers - joined Twitter in November 2022 and now posting on this board
No doubt SPEC is undervalued - but markets loose their common sense with a recession on the horizon - despite the fact people still need eye tests, glasses, and contact lenses. The demand is not going away - but profit levels may be hit over next 18 months.
All companies today are approached by buyers trying their luck - but it doesn't mean management wants to sell out cheaply.
SPEC has problems with its Chinese supply chain becos of the Chinese Gov position on zero-covid but that is now being relaxed. Unfortunately, China is still going to catch a very bad cold because the population is unvaccinated.
SPEC needs to quickly divorce itself from China and find western supply chains. Until then, this company is risky.
There is no doubt this is a good long term value investment - but don't rely on rumours of acquisition........
Whilst searcing for my next investment I came across AGM.
How can a new technology company go from £4 per share to 6p per share in any market.
Defo looks the board of directors has been dining out on this with their little piggy snouts in the company's coffers.
Maybe watch where the directors next go and avoid.
So sincerely sorry for those that have lost out - I've had a few AIM bummers - the AIM market is full of cowboys and should be abolished
Did you not understand his accent or the details of what he was saying?
He seemed genuine and honest - I was more worried about the 'english' managers who seemed to speak in double talk on occasion.
I am invested.
The bottom line I took away is that they will need to raise additional funds in future to pay for processing infrastructure or give a concession (buy-in) to the processing company because of capital costs.
I would anticipate 20% dilution at some future point - but hopefully shares will be much higher by then.
I suspect the market has cooled in the absence of any more news for a couple of months, plus presentation was really no different from presentation in August (on their website) except for increase in resources at Laguna from 1.2mt to 1.5mt - that's not exactly earth shattering
I think we've all got used to RNS's first thing in the morning - but they can be released at any time during the day whilst markets are open. They may release RNS just ahead, during or just after presentation.
I do wonder what caused original meeting delay. Maybe JORC is still being firmed up, or maybe there is a bigger (maybe smaller) surprise. If it's huge, they may be getting unsolicited offers. Could be an exciting day whatever is to come
It could still be an overhang from Canadian investors selling UK stock,. Don't know if Neil Woodford held any of these in any of his funds, but he is having to derisk his funds and close some/all down.
Put a zero after it and I may consider selling, but I think the longer journey is the better one.
£3 gets you to SDX target of $1billion. With that sort of money behind them a push to £1billion or $1.4billion is not far behind (especially as all production to date is highly profitable).
And if the can keep their current production profits - a take over price of $2billion is not unreasonable.
It all jam tomorrow - but we are starting from a strong position with a careful and pragmatic board with reasonable abitions.
Regarding ShakePremis - I welcome his balanced views on this board. I don't think he's deramping SDX and I don't think he's cynical. We can all get caught up in our our belief and enthusiasm. I was planning my retirement on the BP deal, but I also had a sneaky feeling it wouldn't come off the moment news was leaked.
Share price is being hammered becos of lack of deal, no news on SRM3 and a void in communications following the deal falling through.
Have a feeling SRM3 will be duster given delays in comms on progress (very unlike PW)
SDX value is unrealised at the moment but is now a slow-burn in getting there. Suspect the speculators are moving their money to more short tem exciting stocks.
Current price presents a good buying opportunity though
Hi Angela
I have to agree with jag on this one as no details of the discussions or nature of the deal have been released.
Whilst your guestimate of £1.50 per share is a fair as any one else's guess, £1.50 does seem a bit low if (and its a big if) the deal is anywhere near the guesses on this board. But if we assume the true value of the shares was circa 90p to £1.00 before the deal - your target of £1.50 seems far too low when the shares begin trading again (assuming SDX have managed to close a deal).
PW is a sensible operator, so the key issue here right now is whether he can secure a deal on the right terms for SDX. If he can't, I'll assume he'll walk away and we will have to wait 2 to 3 years for the full value (target £1bn) to come to fruition . Assuming the deal is good this could be a $500k company within a few months, with $1bn being hit the moment any pay down to BP is completed.
Personally (and its a no better guestimate than your own), I think the shares will be min £2 by end of year, but I looking at £5 longer term given PW's strategy and more importantly what he and the team have achieved to date.
The full value will be delivered to shareholders when SDX is sold (presumably at a premium)
It's all guess work, but I think we're at the start of a very interesting journey
I've never followed Serica so I can't compare. There is a belief that the SDX share price has been held back and should be circa 90p plus before now. So there may also be some release of the tension that has been building in the SDX price on top of the uplift from the BP deal.
It also appears the Serica share price trebled after the BP deal. What was Serica's production rate before and after the deal? SDX was aiming for 7,000bode before the deal, and the rumours on the discussion boards indicate there could be 70,000 bopd if the deal is what we think it is. So long as SDX pays for the deal by produced oil and not a placing, this deal could be transformative for the company and the share price.
Like all of us, I'm trying to guess what the value of SDX will be 12 months, 24 months and 36 months out from the deal - although I suspect SDX will be snapped up long before 2 years are out
IMHO - and not advice - if the deal is confirmed, I suspect we will see a good rise on the first day or two after return to trading. Many investors will quickly take advantage of the rise (II's and PI's who bought in below pre-suspension prices) to take a quick profit (which is understandable becos there's no profit unless you bank it).
The price rise will undoubtedly recede slightly from immediate profit taking and the MM's will do as much as they can to milk people's fears in this period. But the pull back will provide many day trading opportunities for a couple of weeks I suspect (until PW can truly assess what he's bought and puts a new development plan on the table)
Personally, unless BP take out SDX, I think this is just the start of the next phase of SDX's growth story and that we will see a steady long term rise on the back of the massively increased bpod (if PW gets the deal we think he will), because he will be able to pay BP off quickly with profits from current SDX portfolio. Day traders will take a small risk trading in/out in short term, but long term story should be good.
So personally, I'm a long term investor here (unless BP deal isn't great) as I think if PW can prove up new life in old BP fields and use opportunity/acerage to drill new ones creating more value.
Then of course, there's the end game - of PW selling SDX - which may be much sooner now then we think (24 months maybe).
I have no idea if this is a 10 bagger or not. With the SP kept down for over 6 months now, this may be the moment the SP finally finds its true value. I've been here since 40p and I'm here for the distance (unless deal goes horribly wrong)
I can't think of any other theory that fits the behaviour of this share MM's work market on behalf of their client and no one else. Someone is building a significant holding in this. If you hold £30 million shares - a 50‰ gain is substantial and institutional investors will be happy but private investors will be short changed. Don't agree that market makers need to declare their position - it's only final share holders - so MM's could build stake on someone else's behalf off-book. I'm fully invested in Sdx and here to the bitter end - we will get shafted - not by SDX board - seen it too many times before - so a 50% rise will be welcome - but the multi bagger scenario will be list
Absolutely - ithaca energy all over again
How about possible scenario that a market maker is buying large percentage of shares on behalf of undisclosed buyer (with intent to acquire Sdx cheaply). Buyer doesnt need to declare position as shares are held on their behalf by market maker. Then they will pounce when they have enough
Good point regarding Iranian partner. However, I would like to think (believe) that SDX needs no US support to achieve its goals. It's generating cash, is based in Canada, produces and sells its gas ad oil in Morocco and Egypt. It's difficult to see what the US can do........... Fk Trump