Member Info for petrencf

Indeed they are making good progress. Plenty to look forward to. Cash is enough for another 1,5 year.

Which one?

Imo at the first sight of recovery of their tradings or cut of interest rates people will rush to get in. This is still a cash cow, the valuation is out of touch with reality right now. A potential buyer should have a deep pocket to buy this company. What is the EBIDTA multiple in this sector 10-15x? Our EBIDTA is 250m+...

I totally agree Thunder, a company with a forecasted 230-240 EBIT should be worth north 13-14 per share easily. Not mentioning that the debt and the number of shares will decrease substantially. Crazy markets imo.

Green for the change!

4p fall since last Wednesday. What?!?

There were quite a few big transactions today so far. Who is picking up the shares? Lombard Odier?

Money? They had 10m on 31th of Jan and they got another 16m in August. Right now they must have 18-20 I guess. Basically their portfolio is valued 2-4m right now.

SP at 5 years low, MCAP 22m, CASH with 15-18m, promising pipeline, milestone payment soon, Polar Capital bought 5m shares at 15-17p recently, Directors' options at 15p. What a joke.

Is a fundraise on the horizon or can they monetize one of the investment early next year?

So with 230-240m EBIT it is valued 700m right now. I thought LTG was cheap (98m EBIT 600m MCap), but I need to reconsider it after this fall.

Strange idea tbh. It was a massive drop on relatively low volumes today, hopefully they provide some operational update with the result soon.

So you say they are shorting it to go long cheaper?

No idea, but it can move swiftly. Broker target is 100p according their website.

Indeed, it is creeping up under the radar supported by directors' purchases and stabilizing local currencies.

LSE says trading status is halted. But it says the same for PEBB, MPAC too.

I cant buy nor sell on fidelity right now.

Thank you.

What do you think about my previous question?

Or is the Christmas Park Saving is a different division and its 30m billings equal to a circa 15m of net revenue? But it was not recognized in the first half then.