The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
Was expecting the results in less than 5 weeks. Hopefully we get sooner along with a clearer forward plan. All looking very good now and gas heading back above 100p too. Exciting few months ahead now.
With the strengthened balance sheet and increasing gas price (forecast to break above 100p again soon) then all to do is sit back and watch the cash roll in.
The rerating is well overdue but expect will need time for the company’s new PR blitz to commence and silence all the doomsday freaks.
Let’s focus on the CPR valuation as a starting point and soon we will hear I’m sure about new projects and oil flowing again.
Singhie’s price forecasts are extremely conservative, all things duly considered.
All good news. Balance sheet strengthened and dilution the least of our worries as debt gets paid down, income sky rockets with gas price increasing, production increasing, oil flow coming soon plus any new opportunities taken on board.
I think you’ll start to see better communication soon and won’t be long till that first webinar and Q&A.
Last week was a turning point and value will be clear very soon.