RE: Much Better Update23 Aug 2023 19:24
I would suggest everyone do sufficient research of JSE, ive done plenty last few months , i understand there will be a few who have been here a lot longer than myself, however my point is at the current level of MCAP , JSE is a fraction of its NAV ,
We paid $195 Million for Montara, a couple of years ago Paul suggested its NAV value was around $500 Million, sure its not performed as they first thought, well thats not actually true, it has performed , but the storage vessel has been the thorn in its side, However they now seem to be getting on top of that now, loooking forward to the production update next couple of weeks,
Then we have the other assets that seem to be ticking along nicely and contributing to the cash flow,
then for me the Huge Capital spend which has been banked by an RBL the AKATARA gas field which will bring in huge Earnings over the next ten years,
all in JSE should be around a £500 Million Cap and thats way undervalued still,
it will get back there quicker than some on here realize , this time next year it will be over £1 per share,
with a return to Dividend payments end 2024 /25/26/2/7/28 etc etc
a hold a decent amount ATM with a nice low average well under 30p , i will be looking to add more over the coming weeks and months