Member Info for rogthegamer

the various share incentive schemes will make little or no difference to the gkp share price, therefore being too bothered about this seems to be a waste time, unless of course you are a senior employee/ director that might be able to secure better paid employment elsewhere.

so what is gkp worth ? if i knew that i’d be a far richer man, however, as an exercise in theory and not in practice i’ve calculated this on the back of a *** packet ( ie. roughly)

as a high risk share gkp could have a p.e. of between 4 & 5. if they are making about 7 million u.s per month x 12 = 84 million per year x 4 = 336 or x 5 = 420 million u.s. plus add net cash about 100 million = 446 million @ p.e. 4 or 520 million @ p.e. 5. divided by 219 000 000 app. shares = 2 dollars @ p.e. 4 or 2.37 dollars @ p.e. 5

in short in sterling gkp might be worth 158p @ a p.e. of 4 or 187 @ a p.e. 5

( for those of us that like to dream a bid today might value gkp @ 10 x earnings + net cash = 374 pence. )

SpArnada

Thanks for providing what might be an interesting article, worth a read if life wasn’t so short. Therefore I’ll assume that you are referring to the recently refurbished pipeline previously destroyed by Isis. Personally I wouldn’t stake much faith in a pipe that sends oil across northern Iraq, not when it passes / bypasses Kurdistan. Anyone can blame Isis if it springs a leak.

Re. The continued appearances of a person that has so much time to waste Itz spending it studying and commenting upon a company that Itz has no financial interest in. Nevertheless, I’ll tell Itz what’s not to like. Not making the profits that others have recently made as Itz said so often that the shares were going down from 120ish to 90 or lower. Obviously Itz didn’t buy and Itzanodividend

Sad Loser.

Do ‘ they’ need to open the old pipeline?

For a year or more we’ve been speculating about who to blame regarding the closure of a ‘long metal tube’ that transported Kurdish oil to Turkey, where much of it was exported. For the most part Iraq and Iranian influence have been seen as the main culprit. By contrast the good guys, in most of our opinions, are the International oil companies, and few Of us have blamed the Kurds. However, is it in the best interests of Kurdistan to their export oil with the proceeds going to Baghdad via SOMO. Will Baghdad support Kurdistan financially? Or will they weaponise the money and finally gain control of ‘those fu****g Kurds’ ? (They’ve hated each other for an eternity).

Could it now be the case that those that profit the most from Kurdish oil exports, the leaders lining their pockets and some ordinary people, teachers etc. that haven’t been paid in a timely manner, are the ones that are delaying the opening of the pipeline? Are Kurdistan better off with what they call “local sales” and are we, GKP, what we are given, and that doesn’t include the 150 million or so that we are owed. This being the case how long will it be before the powers that be in Kurdistan decide that trucking isn’t efficient. In short will they commission a long metal tube of their own? Will they then say “F U Baghdad.”

Walleye are clearly reducing their position, assuming they close it completely they will need to buy in excess of one million shares. I also suspect that other shorts still have positions lower than the half percent level. Will they now be competing with Peel Hunt in the market, if so our shares will certainly be in demand, ie. not the time to sell, although some will for reasons of their own and we all have our price. I for one certainly do although I have noted that the company did say that negotiations with Baghdad are “ongoing” and Sod’s law will ensure that an agreement will follow any sales that I might make if the price continues to rise. That said leaving something for someone else can be a good strategy if we’re not too greedy.

Finally regarding the Shorts, can anyone here tell me what would be the likely position of a short in terms of a dividend due to the owner of the shares they sell in the hope of buying them back at a lower price?

Itz. Time to give up on this jealous crusade, admit that “ I got it wrong” and troll something else. Might I suggest the British aristocracy that really do take money for nothing. ( As opposed to people that put their hard earned money into a high risk / reward company and deserve our reward, plus the management of that company who, as most of us would, seek maximum reward for being successful in life. ) Unlike Itz a loser that got it wrong but is loathe to admit Itz own failure by wasting time studying a company that Itz doesn’t have an investment in.

“We will only be etc.” Whose We?

On one hand complimenting GKPs senior management on their work and our returns in very difficult circumstances in a very difficult and dangerous part of the World. On the other hand issuing criticism for a salary and bonus package that will be far lower than the bosses of a British supermarket.

No Unwin I’m not calling you a liar Apologies if it came across that way. What I did say was that you sold @146. You then backed that up with reasons. Fair enough because you announced what you did at the time, which is honest compared to all of those that announced what they did (probably) later

Personally, like you, I announced what I did at the time. Unlike you , as a buyer @ 89 and 95. my fist purchases however were @ 146 + and in that respect my patience is still required

If there’s two words that I’ve posted here over and over again since my first purchase of GKP shares alongside my very first post on here shortly after the pipeline closure, they were “Patience Required” today it’s looking more like Patience Rewarded, that said the shares were trading between 220 and 320 when I first took an interest. Surly those levels are back on the agenda.

Re. The losers No. one being Itzanidiot who never had the balls to buy because he claimed GKP were heading towards 90p As for ‘Unwin’ claiming to have sold on a recent high of 146 (when the shares were 134ish. ) ‘ Unwon’ seems more appropriate.

Jonnybegood

(LOL) No apology. Not man enough ?

Calling me a person that complains. No, quite the reverse because I’m blessed in life. So much so that I could afford to put my money where my mouth was when I continually said that GKP was a buy and said here “Patience Required”

A ‘Jonny’ was something that I used in my youth. FFS literally!

Jonnnybegood

That is an insult

I have maintained a positive stance on GKP when so many others were pessimistic.

With regards to the buyback And as I said before with the purpose in part being to increase a share price that the company said was significantly undervalued why reduce buying when the price increased a little. Now it has increased further therefore it was a mistake. That is a fact NOT a complaint. Please apologise.

Patience is being rewarded.

Personally I’m maintaining my ‘Hold’ position following a buy position that I published here when the shares were in the

89 - 130 range. While I won’t be taking my own profits there maybe a case if personal circumstances differ, in that respect we all have our own decisions to make.

I did say here that I was disappointed in the scale of the recent buybacks, and now I will say that the company made a mistake in reducing them only to buy at a higher price following the renewed authority.

Now I do wonder if the short positions will be closed, which in it self will be supportive for the share price.

. I’m also wondering if anyone here that might know more than me can tell me what the position of a ‘short’ will be with regards to the dividend payment that the original owner of the loaned shares should expect to receive.

Given that on May the 13th our “weak” share price was 127 and the “board believes (it) trades at a SIGNIFICANT discount to the intrinsic value” is today’s price 132 or so reasonable? If not should all of the 10 million left unspent be added to all surplus cash above 98 million and re-authorised to be spent on more buybacks that might achieve the boards clearly stated purpose? We shall see.

Belgrano Why respond to a fool? No sane person would spend time and effort commenting on a share that they don’t have any financial interest in.( @ 132 I’d sell if I believed it will soon be 90p. )

It’ll be interesting to see how many shares Peel purchased on Friday, with a weak price I’ll be disappointed if they only picked up 125k which will leave them short of the 10 million dollar target before Friday.

I’ve reduced to a hold because I’m taking out the prospect of the pipeline opening any time soon, can only hope for strong ‘local sales’ and an extended buyback with any surplus cash as the company did say that the share price doesn’t reflect the value. Plus a comment Re. Iraq oil minister’s latest lies.

Jrlomax thanks for the link. Interesting. Seems that rather than the meeting being a failure that offered unacceptable terms, it was an attempt to pretend that they’re seeking a solution. More meetings are required but will they happen ? In the meantime we can expect local sales to continue at a profitable price so let’s wait until the 21st when all being well another trench of surplus cash might be added to a buyback that’s unlikely( at the current rate ) to be completed this time around.

Thanks Belgrano, but do you really believe that such a question can be answered amidst this uncertainty?

Belgrano I wonder if you could tell me what will likely happen that changes our situation in 2025 when the contract expires.

However, I’ll wait for a firm announcement before I’d say that the currant negotiations have actually failed, which they should if the terms on offer are worse than the ‘local sales’ income.

Not me.

In tune with a skeptical market last week I wasn’t confident, hopeful maybe, regarding a positive result of the meeting. At one point I wonder if Baghdad were seeking an excuse to bar the IOCs. I never expected that a grand announcement would be immediately made short of something polite that signals the reality of failure. However, it now seems that face could be saved if Baghdad spends some time licking their wounds before excepting terms that Kurdistan and the IOCs can tolerate.

We shall see.

On the plus side Itzalwayswrong has predicted failure with no more meetings scheduled.

Plus a period of ‘maybe at long last’ in conjunction with the buyback and the fact that more than two million shares are short should give our shares a boost. Not that this will be good news for the fools that spend time posting here without being a holder of shares that they knock, insane.

Itzashame but it takes all sorts to make a World.

Following the Dubai model and the UAE etc. example, Saudi Arabia are spending their vast oil resources in order to diversify their economy before fossil fuels are replaced for the benefit of their general population, albeit not before their leaders purchase luxurious homes at home and abroad, buy super cars, premier league teams, world championship boxing, golf and motor racing teams as personal playthings.

Another model that relies on OPEC priced oil income, one that doesn’t suit the general population, is the Russian / Putin attempt to build power and influence worldwide via ruthless behaviour and military strength.

Meanwhile Iraq are being asked to reduce oil production in favour of the high price that the above mentioned benefit from even though their far larger and poorly educated general population have yet to benefit from a stable post war economy and western investment. Indeed they have also sacrificed several billion dollars of Kurdish oil income as puppets of fanatics, including Iranian politicians that prioritise personal agendas above the best interests of their own followers, least of all ordinary citizens.

Will common sense prevail?

Too many false dawns, so many that potentially good news is ignored and the share price remains weak.

Peel Hunt should be buying far more than 125k/150k if they fall short on the full 10 million dollars it should be a question that is answered at the AGM.

As for Itzatwit clearly not educated ( Two examples - To = towards Too = as in Too many.

You’re right, hope it’s natural at my age and not dementia.