Member Info for rifteastafrica

Can they get approvals done?

Huge FCF YIELD

Any day now approvals should come in. Been a pain in the *** waiting but barrels accruing. I read Investors Chronicle at the weekend and lots of companies with PE ratio in the 20-30 range getting buy recommendations! Afentra would have a PE of about 1.5 on this Net Free cash flow

STAY IN AND DONT SELL!

Last 10 weeks? The share price on 10th Jan was 34.90 according to Yahoo finance

It hit 40.87 at one stage yesterday.

Thats a 17% increase even without the Azule Approvals, in 10 weeks.

Annualised thats 85%

STRONG BUY!!!!

Check the one year progression !

Nice update this morning. The production of 23,700 is a nice increase on 2023's 20,180

Also Competition Authority approval was important to PAVE the way i guess

Yes they've effectively paid for the asset, are about to go NET CASH POSITIVE (from Net Debt) and will this year later in the year go to NO DEBT at all!

Come on Angola! Get it done

Azule got their block extension on the Cabinda Block. Share price being bought up this morning. Something is cooking again

ARE IMMINENT IF THEY EXPECT TO CLOSE IN MARCH. OTHERWISE THEY'LL HAVE TO RE-DO THEIR TIMELINE A BIT

just boredom the avacta ****co placing may have had an effect

Brent price for the lifting. ALSO.....when Azule closes we will inherit their October 23 to now barrels as first week in October was their last lifting!

Hopping around!

Really jumping around, one second its 39.20 - 39.70 and the next its 39.90 - 40.00

$10 million would be a "small" dividend for Afentra but it would constitute a Dividend Yield of about 10% and wouldnt even consume the excess cash flow above the $50m FCF per anum they were originally forecasting plus it would make income investors come in also!

you can do both

It HAS to be earlier . PS i never heard him say 3 years and since they cash flowed $67.4 million asset level cash flow last year and are about to lift 450,000 at $83, they've had FAR more cash flow than thought.

I appreciate Azule must close first and they want to re-invest but let them re-invest the business plan cash flow and return the surplus! Special dividends because they have positive retained earnings on the balance sheet and CAN do it no problemo

We need Azule approvals Donmac we dont deserve new highs except with a decent crude lifting in the next few days (and it is set up for a great brent price) but come on Afentra! Where are Azule Approvals!!!!

I honestly hope this week Donmac i dont see why not

After the Azule approvals, and closing within a month, surely the next deal will drop, they have had long enough to work on it.

Is happening now. Azule will kick it up to 50p . Next deal 80p

Think its fair that Azule approvals gets us over 40p

Seems share price very sturdy, last few days sub 40 pence surely, in my humble opinion