RE: Urkraine starts elec export19 Apr 2023 20:54
For balance, the country is at war, FXPO's facilities are not in an active warzone. The war is in the far east. They are still sitting on a very healthy cash balance and own a lot of the transports used to move the pellets around. Due to power shortages they were operating with only 1 pelletiser until around mid Feb Q1 (SP was around 145p then). Production more than doubled in the last 6 weeks of Q1. The gives a notable rise for Q2, and now the country is exporting surplus power again who's to say they don't get their 3rd and 4th pellitiser up and running. They have enough onsite storage to cater for their client base, export is slower but demand is there big time. Did a billion in profit 21/22. Last time it dipped under a £ it rallied to £1.70. Lots sitting on the side. Next update will be c200% on Q1 all things being as they are now. If pellitiser 3 and or 4 get back online then we see a material move. To me this is cheap at 115p.