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What do you make of it? To me, it doesn't look like a great deal for MOG. The only good point I can see is that it's assets not needed for strategic growth. I believe MOG to have great prospects. I'm keen to buy back in here but will keep the powder dry for now and watch.
Can you share a link to an article about the assets you're referring to? I'm no longer holding MOG, took a profit far too early on the rise from 5.5p to 16p. I still keep a watch here, but it looks like people are bailing quickly here. Is bad news round the corner? Expecting markets to pull back soon and MOG will likely continue the trend. How low will it go??
Tempted to move some cash in. But with the FTSE siting so high, I wouldn't be suprised if markets pulled back a bit soon. Can someone tell me, is there a court case hanging over SNRP. Excuse my lack of knowledge but would appraciate if anyone can clarify that one.
£20k and £25k for a director buy is quite poor in my opinion. The probably earn multiples of that a month. A real share price mover would have been a couple hundred £k buy, that would ahve been a resiounding vote of confidence for the share. All im my opinion, and if I was that good, I wouldn't be replying to your post on the weekend! :)
Company Information Business: Strategic Natural Resources PLC acquires and develops natural resource assets in South Africa. The company, through its subsidiary, Elitheni Coal (Pty) Ltd., engages in the mining of coal. Capital Appreciation Value: Value is a measure of a stock's current worth. SNRP.L has a current Value of 6.59p per share. Therefore, it is overvalued compared to its Price of 23.88p per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge. RV (Relative Value): RV is an indicator of long-term price appreciation potential. SNRP.L has an RV of 0.28, which is very poor on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00. RS (Relative Safety): RS is an indicator of risk. SNRP.L has an RS rating of 0.81, which is poor on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance. RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. SNRP.L has a Relative Timing rating of 1.18, which is good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00. VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. SNRP.L has a VST rating of 0.88, which is fair on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capita
Keeping the powder dry for a top up sub 10p....will it get there though? Massively oversold at the minute but wouldn't rule out any further drops. Sub 10p is a steal and on AIM very likely!!
Nothing quite like a bit of mindless ramping! I think we'll be luck to see 20p nevermind £1+. I would love to be wrong though. For my benefit can you explain were £1+ would come from in terms of NAV, shares in issue, current balance sheet, forecasted operational costs. Perhaps if you can explain your £1+ quote with facts and numbers you could attract some new investors.
I hope you are right. But if Leni are able to prove that Genel where interested whhen they held the 10% interest and this information was withheald by MOG it could prove to be a costly error. Sounds a bit like sour grapes to me but it will be interesting to see how this one plays out.
An oil company can start drilling for oil in Maltese waters next year if the government gives it the green light. This will only be the second well to be dug in a decade as part of the country’s efforts to strike oil. Sources close to Mediterranean Oil and Gas, which has a Maltese oil exploration licence, said that “the scientific part of the exploration is now over and the company is aiming to start drilling in 2013”. The area is situated to the south, close to Libyan oil producing zones. The company, which has just announced a partnership with Genel Energy on the Malta licence, is waiting for the government to extend its licence for another year to enable it to start drilling. The partnership is being contested by Leni Oil and Gas, a small oil company that had a minority share in Mediterranean Oil and Gas. Reuters reported yesterday that Leni, which sold its 10 per cent stake in August, could start legal proceedings against its former partner. The company said it would not have sold its interest “for $1 plus liabilities” had it been aware of interest from Genel Energy. If Leni do proceed with legal proceedings what effect will this have on the share price?
You could well be right. For MOG to go sub 10p we'd be looking at a drop of 13% from current levels which is highly unlikely! If she multi-bags from here that's great and well done for you. I have the dilema of my funds being all in XEL right now, and with a 20% rise this week alone I can't complain. I hope XEL multi-bags from current levels and gets back to the £3 level. With a reserves upgrade coming, operation updates, RBL sign off's and farm in news I suspect there's every chance of this happening. In the meantime, I'll be watching this beauty this is MOG closely! GLA
MOG holding up well today considering the FTSE is down over 1.2 %...bodes well going forward. Maybe I'll have to revise that re-entry point. Still hoping for sub 10p
Agreed. There's a lot of potential here. We'll need some serious buying pressre to send the price past 14-15p...but I'll happily be proved wrong. I still think this may drift for a bit but good news combined with buying pressure could see the share re-rated. I'll keep my modest holding here for now and continue to watch from the sidelines and pursue others like XEL for now. GLA
SilverWolf / zooropa, I prefer to use TA but I agree it won;t always be correct. Economic factors also play a huge part in a share price movement. I prefer to consider the downside, and ask myself where can the shre price fall to. You both mention 15-20p, which smashes all resistance on the charts. If it were to get past 15p, why would it stop at 20p?? So seem very bullish. What in your opinion will drive this stock to 15-20p? As an investor here, I'm interested to hear. As for TA - all was pointing to a big uplift with XEL. Today it looks to be begining. Target price is 200p in the next 3 months. I'll be back for my top up here then.
This share has given a fantastic return since I first got in a 5.5p. I only wish I'd bought more back then. I know this was at 50p a few years back, but I doubt we'll see that anytime soon. Will be happy to be proven wrong and have left a little in here. But I'm struggling to see what the share price driver will be until a FO partner for Malta has been announced. With R1 at 11.5 and R2 at 12.2 and the RSI indicating the stock is overbought, this could fall back further. I'm looking for a re-entry around 8p. Time will tell if it drops that far. I've used the profit here to put into XEL which is looking primed for a rise. Hopefully this strategy pays off!
Anyone care to explain the rise today? Is this due to a bounce off the 200day MA at 270??
Anyone following this share? I'm long on it today, looks to be n a strong uptrend and look forwrd to the next month.
I jumped out!! This will probably continue to increase and I would not be suprised if this returns to £15 in the near future. But with the Egypt siutation at the minute I decided to take the profit and stick the money in the bank. Now looking for another quick 5-10 %elsewhere......