Member Info for ragnarlothbrok

Looks like the SP has had enough of consolidating around the 9p mark. I have been waiting patiently for any dip below but no result for at least two weeks. Next stop 10p?

Despite the reduction in revenue, today's announcement seem to be full of confidence and management's dedication to shareholder returns is comforting. I'll be buying more today if there is any negative reaction but it seems that Q1 US results are in line with those recently reported by competitors.

The oil price is looking pretty resilient, a big share of production is hedged at a good price and the SP is supported by a huge divi.

Cineworld TU update on Wednesday I believe. Will be interesting how it compares. Q1 was always going to be bad. Very tetchy market right now not in the mood for disappointment.

AMC currently down 4.2% v Cineworld close of -6%

Well thats a nice finish to the week...

I was hoping for 20p in 18 months but 18.25p in the pocket now is not a bad deal

Little bump today for gold after US inflation and non farms missed the mark and FAANGs taking a tumble.

South African gold production down 18% YoY.

I believe DGOC is up today, despite the market getting clobbered, due to a buy recommendation and 30 page+ broker note from from DGOCs Cenkos (nomad) today. I haven't read the note, I no longer have access to Research Tree.

Disney announced in its results yesterday that it will be releasing 4 Avatar and 3 Star Wars films between 2021 and 2027. It looks like Endgame will top Avatar for the highest grossing film as well. Hints at a pretty positive future for Cineworld revenue.

https://www.boxofficemojo.com/studio/chart/?view2=upcoming&view=parent&studio=buenavista.htm

Hey Eish, we have hadn't any bad news from PAF for an age, things are looking up!

Gold is a metal, it's volatile, it goes up and it goes down, but no one knows why.

I like the $1300 level, any decent producer is making money at that price.

Looks more like a competing product which is autonomous software rather than the 'managed service' which FLX provides via its "Security Operations Centre".

Falanx was appointed as Solarwinds partner way back in September 2018. I wonder if they have won any contracts yet? Nearly 8 months after they have launched a major new growth initiative and not a single update on progress, including how the potential customer conferences went in Sept/Oct.

Woeful communication. I still haven't gotten over the random Q3 trading update.

The only positive I can take from this is that last year they were incessantly ramping the prospects as they were running short of cash. Now hopefully radio silence means they are busy delivering something.

VM its just not a very exciting oil company to most posting on these boards. It's a long term hold with not much volatility, relatively stable and predictable dividends with some growth via use of excess cash for new wells and buybacks.

It doesn't really compare to the explosive growth potential of some of the smaller O&G explorers which can double in a matter of days. But on a risk return/balance this is one to tuck away for the income and one that Ive done very well from.

There is an enlightening chart on page 14 of the recent presentation (which I previously linked) showing the total return of DGOC for 2018 relative to the industry which says it all.

Eish, the SP still hasn't recovered from the $60 drop in gold around mid-late Feb. The whole sector was hit. The strength of the US markets isn't helping sentiment towards the sector either.

However 1280/oz is a pretty decent price with PAF's costs. We just need to see the next operational update to find out when dividends will start flowing. Who knows if and when we will get one. I don't think there is anything scheduled. I think we can expect a lot of range bound trading in the meantime.

It was looking good until those 3 sells knocked the wind out of the next tick up. It really shows how micro caps can be impacted by low levels of liquidity and the necessity to play the long game. Hopefully the AGM statement gives us some more contract wins!

Hey Visitor, yes it looks like Q4 will be the big one where we see the full potential of the SDO and Echo. The projects are also looking more interesting over time and slowing developing some optionality. Hard to believe that Volspruit has a DFS and is pretty much ready to go with a fairly attractive mix of metals, if someone wants it.

The SP is up 103% YTD, can't complain about that!

Rusty is working that cash flow hard, very impressed by his energy levels and proactivity.

Roughly 6% buyback will provide a bit of support to the SP and further jack up the dividend yield.

No worries shareaction. To be fair, Vistaman did say FCF rather than FCF/share. It's in the Huckleberry presentation, page 14.

https://ir.dgoc.com/presentations

Agreed, a bit disappointing at first glance, I was hoping that they would have two decent quarters rather than leave it for a mad last quarter. The same thing happened last year where they pushed hard and hit 20koz in Q4 to hit (revised) guidance. They need 21koz to extend their record of achieving annual production increases.

On the plus side, cash increased to $24m despite increasing working capital. And if they say that they can hit 22koz in a quarter, still suffering from operational issues, then that implies true nameplate capacity could be 88koz/pa (when everything is running smoothly). Being one month in they should have some confidence about hitting that 7koz/month required production run rate.

If they hit 22koz in the last quarter that's a 34% increase in production v Q3. Q4 prices are 5% higher than Q3 so far so there could potentially be a 40% increase in EBITDA in the final quarter, or 50% even with lower cash costs from the increased production. Meaning Q4 EBITDA of $12m+. The previous record was $8.6m in Q418.

FCF per share increases by 19%. According to the company's presentation FCF (Adjusted Pre/Post Acquisition) = 195m/299m.

A 27% increase in issued shares (543m/694m) compared to a 53% increase in FCF leads to a 19% increase in FCF per share.

Dividend rises to 16c/12p per share, representing a 10% yield at today's price.

The latest Marvel film has easily broken records for opening weekend receipts. Should be a huge year for Cineworld, with some decent releases planned for the coming months. I guess the question is now: what happens after Marvel?

https://www.bbc.co.uk/news/entertainment-arts-48084977

Rivaldo yes H2 profit was much higher, could the H2 capitalisation partially support this? I suspect it relates to the full year as costs in H2 are around 350k lower than H1 so you may need to apportion the capitalisation across both halves.
But I'm more interested in the cash flow, which it doesn't impact.

Revenue improved by 200k half on half which drops straight to the bottom line, which explains the rest of the H2 improvement.

Financial performance for the last 5 years is very encouraging. The numbers below set out the change in YoY revenue compared to the change in EBIT. In total over 5 years revenue has increased by 3.29m and EBIT by 3.86m.

2018 marks the 5th consecutive year of organic revenue growth and improved EBIT. The company has continued to add revenue while keeping admin costs flat.

2014: 0.72, 1.07
2015: 0.33, 0.70
2016: 0.61, 0.61
2017: 1.08,0.91
2018: 0.55, 0.57
Total: 3.29, 3.86