Member Info for Qalbabbass

gregpeck7, I fully agree with all your comments!

If you like this share have a look at #enw 10x bigger cash pile, and a recent acquisition will increase gas out out significantly. Mcap on £48M

Baron has had shares in #enw as well. Check his historical posts.

This is a great RNS. 'No impact of covid' on business - - wow. As gas prices rise in Ukraine (check twitter #enw) the cash will pile up very quickly. Increase in production volume of about 20% so great,, and will increase further with Arkona on board. VAS output is relatively low and declining so who cares about the legal dispute related to VAS. Good plan for drilling as well. Marathon not sprint!

The Supreme court has already judged in favour of Arkona. This is the main reason they won in this local court case.

This is a very good rns. It will means the takeover is successful and the overall gas output will increase. So although gas prices are low, they will still increase turnover by selling more gas. If gas prices do go up, then it will be even better.

They need a good PR person, presentations etc to boost this share.

Krok - valid points but in my opinion the natural gas price is the dominating factor in the share price.

Net debt reduced to GBP900,000 at June 30 from GBP5.1 million at December 31.

I am certainly not selling my shares!

Still expecting to make a profit this year. I think it is good news considering what we have just gone through.

The share price trend is looking very positive!

bitcoinbuyer - you have fallen on this share by doing the right research. It has plenty of cash so it wont go bankrupt, and should be used to buy companies. Cash flow will improve when gas prices go up, and the trend is up at the moment. Long term gas is very important (Warren Buffet invested into Gas recently). Increased demand from electric cars as well, renewables tech cannot meet the demand globally.

https://www.businessweekly.co.uk/news/biomedtech/thanks-billion-lg-chem-broadens-deal-avacta

https://www.edisongroup.com/publication/creativity-pays/27289

Good buy. Gas prices need to recover or a juicy acquisition required to speed things up.

I am mesmerised by how cheap this share is. Yes I agree great performance;

we expect to deliver a profitable performance for the full year, albeit at materially lower levels than FY2019.

the Board sees no reason why in FY2021, PBT cannot return to the pre-pandemic levels similar to those of FY2019, in a range between £9m-£10m.



The Group is well financed, having recently increased our committed banking facilities to 20 mil.

80%, significant reduction in our net bank debt position since the end of the last financial year, which at 30 June 2020 was £1.2m (£4.9m as at 31 December 2019).

Plus unexpected increase in sales for pathfindr.

https://uk.finance.yahoo.com/news/why-mission-could-well-placed-081439987.html

Warren Buffet investing in gas tells you that this commodity is a long term value play. Plus sale of RRE is a positive for the industry, even though the RRE offer is way too cheap. Considering RRE was 600p a few weeks ago with negative oil prices, I think the directors have just ran. Long term RRE would have hit 50 quid.

I hope Novinsky does not sell ENW ! I know he bought a chunk of share at around 40p from Pinchuk.

RRE got valued at just the cash holding, this means the current ENW share price is right.

Natural gas price taking a hit so ENW and JKX suffering. ENW have cash to diversify, which would help short term. Alternatively if they keep investing in gas wells, then when the gas price recovers they will be in a great position.

Agree, lots of contract wins for the marketing agencies + unexpected upside from pathfindr. I certainly won’t be selling anytime soon. Rather they get rid of the debt, than pay a dividend this year. Either way cash flow should significantly improve in 2021.