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It will be interesting to see if any unattached brokers up their anticipated share price targets!
In simple arithmetic the Ophir field as a total value would be worth $8.125 billion, so on extrapolation our filed would be worth $5.74 billion multiply by 48% gives you $2.755 billion [ALL OTHER THINGS BEING EQUAL] which I am sure they are not. Even so if you only took 25% of the value i.e. $0.68 billion it is a very nice sum indeed. We need someone with some experience in oil values here to make absolute sense of these figures.
I agree, I am wondering exactly why the market is taking such a dim view of the value of this company, I hope there is nothing waiting to bite us in the rear! How many gold companies are this well financed, are paying dividends?
That is a bit of a drop! I know it is ex dividend now but that is only 2p, why the out of favour approach perhaps it is a bit of profit taking?
There are some nice steady buys, and a nice gentle rise in the sp, perhaps they are getting a whiff of the oil now? Let us all hope so this could be nice end to the year.
I thought this company had a very good future but was away on a cruise and the sp had a massive drop. Consequently I am sitting on a near 50% loss as couldn't get anywhere to do anything about it. I am hoping for a recovery from where we now find ourselves. The financials are good, the prospects are good, the BOD have every confidence, so what have we to lose?
I wonder what is it going to take to give the sp a nudge up? We have been floundering around despite the bod buying up their own shares. A great pity that the government cannot make the legislation to force plastic bag manufacturers to include this in their products. You are not going to get any supermarket lay its own money out on this.
Are you right in your assertion that Southend Airport is a "black hole"? I only ask as when you read the underlying profits details the air is stated as £0.1M profit, or am I getting it wrong as usual?
What has frightened everyone away from here today then, surely not the change in broker?
Can anyone make sense of the reported figures please? Sold for £25m. Valued at £24.05m gives a net gain of £0.95, add in rental income gives you £2.55m. The percentage gain does not work out on any of the figures. Does the gain include the selling costs [agents fees, legal fees etc.]? Is this more smoke and mirrors from the BOD?
Having looked back to last year the AGM notice was circulated early in November and the AGM was held 30th November 2012. Assuming a similar time scale this year I would estimate that subject to approval the dividend would be paid early 2014.
I suspect you have to be able to "read between the lines" here, I am hoping this reaction is overdone. Having said that I think that this share is facing a long climb out of this particular trough.
At last! Has this sp just come out of it's winter hibernation? Can we expect a bit of a climb out of this low level now, I wonder? Certainly the BOD must be hoping so as they have invested money at higher levels than we have sen for some time.
You mention Bournemouth Airport [our local] but albeit it is nice and new and shiny, some days it takes only one flight out and one back. Ryan Air remove their two planes for part of the winter, Thomson removed one plane permanently two years ago. We have seasonal visits from Easy jet to the ski resorts and not much else. This is no way to make money and the owners must be regretting their decision to invest so heavily into the departures and arrivals halls. I just hope Southend is making more money than Bournemouth. The passenger numbers are below the anticipated number and in a move that really upset its users Bournemouth now charge all vehicles [including taxis] a £2.50 drop off/pick up charge!
I see that they have appointed a Italian to run operations at Flow Products. This has gone down like a lead balloon with the market makers on this share. He appears to have the appropriate and relevant experience, I hope he goes on to prove himself. We could do with some decent news now from EGX to push this share back up, the potential here I believe is huge but as always long term.
Panmure Gordon have suggested that this is a buy and I quote "maintained its "buy" recommendation on office suppliers Office 2 Office* (OFF) with a 120p target price. The broker believes that Office 2 Office should deliver a more consistent pattern of growth from 2013 onwards, with margins aided by increasing levels of spend in higher-margin digital services products. Furthermore, they noted that a number of contract wins have been implemented which should also benefit the current year now that they are up and running". Let up hope that this statement is right and we can look forward to better things.
A good review of the RNS yesterday by **************, probably the reason for the trickle up in sp. Hope the following link works: http://gecr.co.uk/file_download/281/
I think this company has a very long road to travel before this SP starts to make real progress. I was speaking at Christmas to a small business owner that operates in Shropshire. He buys from Symphony and he described the dealings with Symphony as being hard in terms of delivery promises etc. This is not a good sign. I also wonder with a company now having research centres in four countries exactly how tight a grip the directors have on their foreign costs, the work rate abroad etc. Holding a large percentage loss here but fortunately only a small total sum so will hang in here for better times?
I agree that good times are ahead, it is a shame that the sp has ticked down once again. I think it will take some substantial news to push this sp north. It will take a while for the departure of Jan Nelson to be forgotten by the mm's and also for a new ceo to be appointed and to prove themselves. I hope the interim guys behave themselves and do not make any mistakes or we could find that expensive.