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Overly conservative Ocelot. Aside from being grossly undervalued today, as clearly indicated by the board, we have so much more positives to look forward to in the near term.
- Brockham flows
- Balcombe appeal result and forward plan
- Revised CPO (I believe)
- Increasing gas and oil price forecast next 6 months
- strong operational cashflow
- stronger balance sheet month on month
- Director share purchases
- Acquisitions
- Gas storage plan development
- Takeover approach ?
The latter highly probable if the share price stays below 1p for much longer.
Yes what he is saying is we should be 5 times higher on current status, based on his experience of valuations in 20 years of M&A. With the acquisitions and other organic improvements then EBITDA will be much higher and the multiple of 5 still applies.
It is very clear where we stand now and it is purely a waiting game to realise full value, which now appears could easily be 10 fold current market cap.
Market reaction tomorrow will be interesting.
Excellent presentation and answered any doubts that anyone could possibly have. This will have a serious positive impact on the share price. Positive cashflow even if the were paying principle loan. That’s at low gas price and lower production which is now increasing as they stated. Plus strong cash balance.