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To conclude Brasso3 here's the facts - you have posted over 300 times on this board about PPC, the majority times are negative or just quoting facts to raise investors concerned. Having read your such positive posts about other companies on this board it is clear you are trading not just PPC but other shares.
I just want to warn people to do their own homework, don't listen to you ESPECIALLY or anybody else and look at the fact, they are all out there in the public domain.
I do like to see a sensible balance debate, which is honest, truthful and has integrity.
Brasso3 not sure of your agenda but you seem to want to try and drive the sp down, are you shorting it or after my post earlier today working at Panmure ??
You can look at whatever figures you want to eg NAV (nett asset value) , turnover, profitability etc however the most important thing from an investment point of view is a) will the company be around in the years to come & b) what is their future earning. Whist EBITA might go down this year it's relevent but not really that relevent because they are a developing company.
If you want to argue the point all day long look at TELSA and you'll understand.
Anyone investing here should not listen to you, they should do their own homework, I'm only involved when I see foul play.
Why do you want to depress the sp ???????
have this shPanmure Gordon used to be PPC'S joint broker, for whatever reason PPC dropped them some time ago. Fast forward to today, the 7th when Peter gets his new shares his company have brought (well over the current sp) and BOOM out they come with it. Don't know what anybody else thinks but to me I call it sour grapes. If it wasn't sour grapes then why issue any target today.
If Panmure have any credibility they should have at least tried to state why when the gas is coming on line at the end of the month, turnover on the increase, debt reduced, profitability on up, how they have come to that conclusion. If it because alien has sucked up all the oil out Argentina leaving PPC none, I totally understand.
Panmure Gordon used to be PPC'S joint broker, for whatever reason PPC dropped them some time ago. Fast forward to today, the 7th when Peter gets his new shares his company have brought (well over the current sp) and BOOM out they come with it. Don't know what anybody else thinks but to me I call it sour grapes. If it wasn't sour grapes then why issue any target today.
If Panmure have any credibility they should have at least tried to state why when the gas is coming on line at the end of the month, turnover on the increase, debt reduced, profitability on up, how they have come to that conclusion. If it because alien has sucked up all the oil out Argentina leaving PPC none, I totally understand.
Possible manipulation of price before AGM. Personally I would have thought that they would like the sp rising before AGM to be welcomed by happy investors, however when you look at what people will be voting on at the AGM it looks better the new investors are paying over the odds for the shares. Call me cynical but will be interesting to see what happens to the sp next week then once they confirm the gas is flowing. I don't see much down side in this company at the moment, yes oil prices could slip due to the virus, however it will always be higher than what the company had to endure in Argentina when the government forced everybody to drop the price before the elections and PPC survived that. We are unfortunately talking about an AIM's company so it also comes down to the basics - if more people want it than don't the sp will go up and fundamentals don't always play much part and it really doesn't take much quantity of shares to move the sp either way. The biggest reason I like this company a bit is because of Peter Levine, he's put his money where his mouth is and has an enormous investment in the company, he wouldn't do that unless he knows he'll get a substantial reward and he's in the know. Once I invest, If I ever saw him selling off his holding I would run for the door,
Brasso you must be trading this share and shorting it.
The reality is this was actually a good RNS, revenue & profitability will be going up PLUS they are drilling3 wells H1. Sorry Brasso but what do you want ??? You are forgetting that they are an AIM's company in probably the toughest sector, too many companies in this sector are losing money hand over fist and have very little future prospects. A great RNS would have been higher revenue & profitability and the only reason it wasn't was because of the political constraints imposed on the oil industry by the Argentinian government, that's something nobody saw coming and really not down to Presidents failures. I am not invested yet (my own fault, unfortunately heavily tied up into another oily company and waiting for them to announce a major any day deal), however what I really like is that over the next few months President will achieve revenue from the gas line, they will have diversified with somewhat less risk. What planet are you on ??
Surprised they didn't do 2 RNS's, to pump the sp up they would normally do 1 to say pipeline is completed on time and within budget, the second with the year end results. Either they missed a trick, didn't want to play the game or more likely didn't want to boost the sp till after the AGM as people might not like the resolutions if the sp was substantially higher as PL company is seen as getting shares at a discount .
Besides the point I see this RNS as good news, as per normal little movement in sp. What really frustrates me is a company produces bad news and the sp falls off the face of the earth, when the produce good news nobody seems to care much and the sp mooches on. It's only really when a company is a takeover target or increasing/paying a dividend that things really happen.
Roll on end of Feb
My bet is they are holding news till next week, nothing better than holding an AGM and having a load of happy investors who have just been given good news.
Good update, personally I think the share will rocket in the near future and Peter Levine will do very very nicely out of it. I don't think anybody can criticize him if he does because he's been putting all the information out there for some time. The only down side I see is we deal Tavistock & Nick Elwes, Tavistock do state on their website that Nick Elwes was a director of Communications for an AIM's company, only thing is they did't mention the company name. The company (ENEGI Oil then NUOG) were uneconomical with the truth and lived in the never never land, unfortunate for me as I used to own 1% of the company. Did I have dealing with Nick Elwes and was I mislead absolutely yes, to sum him up he was about as useful as a chocolate fire guard.
Brasso3, didn't realise you were trading the stock.
Thanks Brasso3, I was looking at a glass half empty not half full.
Dealt with lots of oily companies over the years but the sector is currently totally out of favour and fashion. The sector will come back into fashion. It's a bit like becoming a VEGAN that's the latest trend, becoming healthy - well just you wait because the fact is that most VEGAN food is highly processed and is not healthier for you. eg how can you make something like corn or wheat taste like chicken or have a meat free sausage unless guess what - it has been highly processed. You'll probably see this on the news in 6 months or a years time that a study has found Vegan food to be unhealthy and everybody will go onto the next thing. Now take oil companies, lots of fund managers stay away from oil companies because their product damages the environment, etc, etc ,they think that's what their investors want. Truth is those investors do want to save the planet but they don't really care that much or they would act on it, if they did they would dump their cars, they would dump their holidays because the plane is damaging the environment., stop eating lamb because the methane they produce damages the ozone layer, etc, etc. The older you get the more clearly you see things, and PPC in my opinion is clearly going to be a winner and I think the signs will be there well before the AGM.
I am tied up elsewhere, one of those investments where something was supposed to happen in the next couple of weeks which has gone to months. Kicking myself because just seen where the sp is and the comments and I can't join the party.
I am looking at something which I have seen over the years as a real sign of when to get in and in my opinion it's well before the AGM. If I am right there will be a significant rise in the sp before the agm, which will almost certainly come from 2 RNS - 1) provisional results but more importantly forecast going forward , 2) Gas line completed. What I've seen before is an honourable CEO (admittedly no CEO is 100%) gives you the clue. ie he sent a letter in December saying the sp was ridiculous compared to asset value and future revenues PLUS his associated company will be putting their mouth where their money is if they get shareholder approval. Peter's covered his r's should anybody cry foul as he just refers them to what is out there in the public domain. Really wish I could get onboard before the RNS's.
Just had a revisit to PPC to see how you guys were progressing, you could say I am somewhat surprised/stunned or shocked that the sp is actually lower than when I last looked a couple of weeks ago. As the decree in Argentina had been lifted enabling PPC business to return to normal profitability, the new assets acquired increasing production by 10% and with work well underway for laying the new gas pipe I really thought it would have been over 5p. I could have understood if the sp was the same as people could be concerned the new Argentina government might re-enact the decree.
Must be very frustrating for holders, I know I’ve been there before and just had to sit tight and wait till sentiment turns, it always does PROVIDED the fundamentals are there.(they appear to be there in this case). If I was a shareholder, I would be asking myself what has this company got to do to get the sp rolling, paying a small dividend would help but personally I wouldn’t be in favour of that, I would prefer to see them re-invest. I think you just have to wait till they come back in fashion and the sheep (city boys), start taking positions. The sheep (ii’s) will eventually arrive, there problem is they won’t invest until they see others invest, it’s like a kid with a toy, whereby a kid doesn’t want one of his toys until another kid does.
Personally, I think the vast majority of the city boys haven’t got a clue, they only jump on/off board once they see others doing it. Off topic – for 3 years I have been bleating on to people that any company into commercial property will be suffering badly but their future prospects look dire. Whilst 1 fund manager stop people withdrawing funds last week investors should be very weary about companies like INTU. INTU have a serious problem because there is less demand for property, rents are falling (think IVA’s), the value of their assets will be falling (asset value correlation to yield i.e. rent). In addition, the cost of having commercial property vacant is staggering, insurance is very expensive when vacant and they still have to pay the business rates whist vacant (something most people are not aware off and you can be talking serious money). If you then look to the future and ask yourself are things going to change/improve, are we just about to have another retail boom ? Personally, I think not and after Christmas we will regretfully probably have some more casualties in the high street. INTU will tap shareholders for more money to keep them going but longer term what are their prospects of survival ??
Good luck guys, I’ll revisit you at end of year, I am looking forward to getting into bed with PPC as soon as I can sell an investment in another oil stock.
Just had a quick revisit here to see how the sp is going and read up. Feel a bit sorry for some of those invested and must be really frustrating for you DRichi. Hoping to buy soon, heavily invested recently elsewhere and just waiting till I trade at a significant profit before cashing in and joining PPC. Having been an investor for a long in different companies I can say that PPC will eventually come good (based on their fundamentals), once that happens there is a significant upside to the sp. Don't know when that will be, could be tomorrow or 6 months away, the sp is what people will pay for something so until the ii's wake up and start to take more positions, trouble is half the ii's haven't got a clue for all the time and money at the end of their fingertips. Look at De La Rue today, whilst they have been struggling for a long time look at the brokers recommendation on this company. The City boys are now the only ones who will save the company from going belly up, they'll probably have to raise 200+ million and the reality is it's a rapidly changing market and environment so i'll be watch to see if they can survive long term. Compare their valuation to PPC (and a few other companies), PPC will still be here in a few years, other companies will probably not. Good luck in the meantime, I'll have a look in December to see how you guys are coming along.
Brasso I don't think you are stupid, I invested last week elsewhere for hopefully a quick buck so I can invest more in PPC soon. Reality is PPC are just out of fashion at the moment, once they come back in fashion there will a rectification in price. I brought millions of NUOG shares last week hoping to at least double/triple my money before end of Jan and buy into PPC. PPC's fundamentals are good and compared to others in the sector brilliant/excellent. The sp was trading at 7p before the political problems in Argentina, however that has currently been resolved (the Argentina government might do something again but unlikely as they want to encourage investment into the country). In the mean time PPC have now got gas flowing plus they have completed a deal increasing their production. Logically you would say the shares should now be at 8/9p or 10p, however if logic worked in these markets we'd all be rich. Like I say it's just fashion, remember the Dot Com bubble ? all the headless chicken investors were interested in was technology companies, often they had ludicrous valuations, no revenue and many years before they would even make a profit yet people couldn't hand their money over quick enough and look what happened. It was just a trend/fashion, the o&g industry in general is somewhat out of fashion at the present time, it will come back at some point. all fashions do and PPC be be high on the list of companies to invest in.
Hi DRichi,
4p might be the bottom however experience has taught me to wait till it's up over 10% from the bottom before getting in, ie around 4.5p, that way hopefully I have de-risked from a continual fall. I always look at the basics, ie the valuation of the company in relation to market price as eventually they do haver a correlation. So many companies are valued at ludicrous prices and it's normally fund managers to blame as they don't have a clue. Ever been to a seminar and watch them pump a stock, they come up with classic sayings like 'potentially future earnings' , honestly half haven't got a clue and the other half know the score but don't tell you. It's worse when you consider most accountancy firms are in on the act. Look how many accountancy companies get fined for fiddling. If you don't believe do your own research and have a look each day at the stocks which plummet. Look at CarpetRight today !! PPC are totally undervalued but I am not going to fight against the big boys (ie the tide), I just make money off their backs, when they decide they want the share I will follow, yes I am a parasite, until then I sit on the side lines.
I've been waiting until the election results and some sort of clarity on what the new presidents view is on businesses. Marci came to power with big promises of reform and was much a pro business man. However after 4 years in power he didn't manage to deliver any of the promises, in fact he's passed the economy over in a far worse state than when he came to power. Trouble with Argentina is they are under so much debt they can never repay it and yet they have to go to the IMF again to keep the country going. In the next couple of weeks I expect some changes regarding the burdens they have put on oil companies, the Argentina's aren't stupid they know that unless they make changes for oil companies, there won't be much/any investment in the industry, something they will want to encourage. It's ok to enforce for a few weeks prior to elections (an offence for Marci to try and gain votes) but longer term it doesn't and won't work so they have to make changes or they will not have an oil industry.
Thanks, I stand corrected on the %, however this was positive news so am surprised the sp hasn't gone up to represent this step in the right direction.
Still sat on side lines waiting to invest, thought I had missed the boat after I saw the RNS. It's incredible the sp hasn't moved, apart from it appearing a good deal, investors as I understand were concerned that PL has such a large share holding that he could 1 day take the company private, this has reduced the risk. Also as I previously mentioned at the current price I wouldn't be surprised if they got taken over by a larger fish and PL ends up with a high up position in a new company. Well, CSG are taking up 10% in the company , could be very interesting. I'm just waiting now to see what happens in the elections in Argentina at the end of month before fully committing. The big question is - What does it take to move the sp ??
Still sat her on the side lines waiting to see where bottom is before investing. The company has got cheaper by the day, thought the company looked good value when the shares were 5p so look with glee each day on the drop in price. Apologies about my comment to those who have already invested here, provided you don't get taken out by some sort of takeover/merge at the current sp you will recover.
Thanks Taverham, experience has taught me just going to sit and wait until it pick up for a couple of days then buy, trying to pick the bottom is almost impossible to do. I find it incredible how low the market cap of this company is now, so many other companies I look at have high market caps, next to none or low production and often next to no assets, the price is based upon what people think they might produce one day, reality is they normally have more chance of predicting the outcome by looking at the tea leaves in your cuppa. If this goes much lower I wouldn't be surprised if they'll get taken over by another foreign company, probably Spanish or Italian. I can only see that happening if PL is given a top job in the company.