Member Info for shakeypremis

Or to wait for what others won't or can't wait for.

Investing is the art of seeing what others don't or can't see and then having the patience and emotional stability to wait for it to be reflected in the share price.

Well that's my point, they have share options so probably aren't bothered but with their level of knowledge of the company I would like to see them buying shares.

None of these types ever seem to. Even when they are on $345,000/year. Cough cough Mark Reid.

Hopefully she buys more.

A pathetic amount of course, just like the rest of the board and directors here. If Waha weren't on the board and didn't have such a huge holding I would dump my stock based on the terrible insider ownership of management. They must have some nice salaries and bonus/option arrangements/other incentive schemes as they certainly aren't aligned with shareholders based on their holdings of shares.

you can currently sell shares at 18p and buy at 18.96p.

quite a lot!

18.1p to sell the lot, not able to get a quote to buy.

"This deal demonstrates our continued focus on portfolio and capital management, and we look forward to recycling the cash into projects that will further enhance and grow our business in the future."

A further hint they are after an acquisition?

All I do know is that idiots will likely snap sell once they realise that production is down from last quarter. Only issue is those barrels were close to or already losing money an becoming even more uneconomic by the day. But AIM investors don't think about those things. Who actually bought the concession though and why if it's so crappy? Maybe a specialist in the area of squeezing out a few more marginal barrels.

Only issue wit that analysis Southmead is that Waha have always had a man on the board. They used to have Michael Raynes on the SDX board but he got removed at around the same time as Squelcho and additionally also left (kicked out more like) Waha Capital. Clearly they didn't think he did a good job though. Hopefully something more positive will occur under Mr Amr Al Menhali.

[12:54, 09/07/2020] George: More talk of SDX eyeing up acquisitions;

https://www.proactiveinvestors.co.uk/companies/news/923314/oil-price-recovery-will-switch-ep-mindset-to-acquisitions-suggests-peel-hunt-923314.html

"This is well recognised by SDX’s management, the broker said, who are looking to execute well priced onshore acquisitions of producing assets in the MENA area."

SDX had already referred specifically to acquisitions in Morocco outside of the Gharb Basin in their latest presentation.

An accretive acquisition could be the thing that get's SDX moving again. Hopefully it's not done with too much dilution. There could be some nice distressed assets out there soon.

Those buys today may well just be PIs though.

Happens allllll the time. This is how the institutions acquire their SDX shares. They put in an order, the MM's walk the price down and AIM PI's sell out (most likely at a loss) to them.

At least you don't own UKOG or similar. There is actual real value here, no debt and no dilution required for anything other than inorganic growth.

I am sorry to hear that Furey. That is investing isn't it. PW sold a load of bull and the share price was overvalued back then anyway really. from 15-17p to 22-23p is up to a 50% gain. You could trade your way out of the hole you are in.

Waha/Ingalls will dictate that. They control this company in my view, there is no one else in charge, the management don't own significant stakes. It's Waha's/Ingalls company and they've been here since the IPO.

A buyback would cancel shares and artificially increase their already large holdings in the company without them having to make any outlays. Before leaving the TSX they couldn't have done this as it would have pushed their holdings above the 20% mandatory takeover offer threshold. The threshold on the AIM is 30% so lots of room there. They might do it but is there the liquidity for it without pushing the price higher?

I think 30p is easily achievable. Might take some time. If you are buying at 15-16p that's nearly 100% gain. Very low risk too (apart from Egyptian/Moroccan sovereign/geopolitical risk).

SDX heading for a pesky gap from April. Exceptionally annoying, coming down on very low volume as always. Still, it will provide a very nice buying point for an entry or top up. You'll be buying the stock at a price well below NAV/share or reserves NPV/share with those two numbers very likely to increase over time.

https://tvc-invdn-com.akamaized.net/data/tvc_fa5d9462ed4d6746182e8ac88f922cb1.png

I don't think it's because AIM investors aren't interested in SDX per say, although I do suspect that most are unaware of it as they aren't unaware of say UKOG or some other pile of carp that have huge retail interest. AIM investors will invest in anything because they don't do any DD. I genuinely think SDX is under the radar. Seen it with many other stocks.