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Cyber & risk mgt SaaS focus ,under 8m mcap.
No debt - CLN’s/ warrants.
▶️ 1.8m sales last year
▶️ 3.8m contract pipeline (‘23)
▶️ Renewal rate 96%
▶️ Renewal value 124%
▶️ Over 50% share register held by BOD or TR1’s
▶️ RTO Deal price 6.5p
£7.8 mcap / 6.25p
Still early - 10p 1st target 🎯
Expect regular contract win updates akin to ONDO 🗞️ CEO stated 10-15 new ‘logos’ this year.
Few buys and it starts to pop.
Difficult to build position without moving price.
11p target 🎯 technically per below:
https://x.com/zakstraderscafe/status/1694276371726446736?s=52
Good point.
100% agree - the MM's job is not to size up the enterprise value and price accordingly.
That's why I'm more than comfortable from an investor perspective.
So now at £5.3m per annum based on 40 EUR TTF.
Yes £5.3m per annum FCF.
Current mcap undervalued.
Just need to get through Aug and then crank it up.
"Pxen is a commodity gas play.
If this goes to 40/50 TFF’s then it’s happy days.
Following trail below, doing the calc - Mark’s $360k per month / $4.3m / £4m per annum, is based off circa 100k scm/d.
Based on €30 TTF.
So just need to ramp up to that based on 3 week update.
Then if TTF’s increase to 40/50 revenue goes to £5.3m / £6.6m accordingly.
Ignoring El romeral at 33% capacity and all other wells in both Spain 🇪🇸 and Italy 🇮🇹.
It’s cheap - fundamentals will win through. Mr Market currently has it mispriced due to constant seller - patience key. Seller will exhaust.
I’m focused on Sept onwards when gas prices will increase, energy sentiment starts focusing on autumn / winter 🥶 and permits awarded."
Hitting 40 EUR TTF price again - really is a no brainer to hold / build / enter position down here.
Artificially low price - expect updates on flow rates this week, or next.
Cash is king - PXEN now have that pouring in each day.
Starting to show green shoots again.
Flow rate update next week - could be last catalyst required to get SP momentum back.
Hugely oversold - Gas TTF's close to 40 EUR again.....
She moves quick.
In theory news for PXEN around 28th based on 3 week mention in last RNS to review data from 'memory gauges' to determine long-term production levels.
Be good to see 72k scm/d increase to closer 100k scm/d.
Looking excellent - shows how fragile energy supply chain still is.
TTFs avg price from now till y/e could be very interesting and all the while adding cash in the bank.
Great to finally be producing to take advantage of TTF's spiking.
Smart investors adding down here.
Another stellar, insightful and thoughtful contribution ;0)
Lazy journo at best….keep it coming genius.
Great contribution chap
Low volume - good to see, more and more buys nibbling away and seller relenting will allow re-rate.
Feels like we've reached a nice impasse, once through, expect this starts gradual rise.
TTF's still in mid-30's, so good for FCF.
Monthly Timeframe technically now Oversold as well - that's oversold across the board now, another indication bottom has been found.
Feels like end of Aug / early Sept will be turning point.
agreed - won’t take long, aim/small caps are a fickle mistress.
but can see quickly re-establishing 8-10p range end of aug / sept and then move back to 10-12p range.
cash is king - pxen now has that.
expect some developments from han**** / tarba may come soon as well.
I have 6m+ in my SIPP - plus more elsewhere.
Really can’t think of a better place to double / triple money from here.
Such a smart and investment opportunity down here.
Those 2x250k look like worked broker buys.
Hence wide spread to allow order to be filled last few days.
Feel this could move north now.
Imagine if Tesorillo permit landed as well.
That’s the point - so many doors to potentially open.
Only needs 1 to send this…
40 TTF - that’s huge for our profits.
Load up / load up - bargain basement.
Good times ahead.
Once selva successfully hit production, it became a very strong possibility.
I suggest, when not if.
Mark has bought (1) and developed 2 fantastic low jurisdictional rush onshore European assets annd infrastructure into production.
Now time to reap the rewards.
Smart investors buy gas stocks in summer.
At this rate TTF’s $50 could come sooner rather than later.
The beauty of JV’s.
Plus, cash flow filling the coffers from Selva.
Tarba has plenty of cash already.
Nearly 9% now and over 33….
We are still in early Aug….
This could get interesting fairly quickly.
10% increase in revenues in a blink.
Wait for 40/50 TTF prices to be hit in Q3/Q4.
Solid investment - and absolute bargain sub 8p.
Pxen is a commodity gas play.
If this goes to 40/50 TFF’s then it’s happy days.
Following trail below, doing the calc - Mark’s $360k per month / $4.3m / £4m per annum, is based off circa 100k scm/d.
Based on €30 TTF.
So just need to ramp up to that based on 3 week update.
Then if TTF’s increase to 40/50 revenue goes to £5.3m / £6.6m accordingly.
Ignoring El romeral at 33% capacity and all other wells in both Spain 🇪🇸 and Italy 🇮🇹.
It’s cheap - fundamentals will win through. Mr Market currently has it mispriced due to constant seller - patience key. Seller will exhaust.
I’m focused on Sept onwards when gas prices will increase, energy sentiment starts focusing on autumn / winter 🥶 and permits awarded.