Member Info for Simplyme

I have just bought in - can’t see it dropping much more and have been watching for a while. In other Oiler’s such as tlw, pmo (he) and rdsb but for the pure fundamentals this one is better placed imo

Debt of company
Net debt (6) was US$272 million as at 30 November 2020 (30 June 2020: US$29 million net debt) reflecting the expected working capital outflow and lower proceeds from the disposal of the Group's remaining interest in its Mexico assets. Liquidity was approximately US$1.0 billion at 30 November 2020 (7) (30 June 2020: US$1.2 billion). Year to date, the Group has secured US$250 million in additional liquidity, including a US$50 million three-year term loan in November, and we are in discussions with lenders to complete the exercise to pre-fund 2021 maturities.

Can we please have some realism. Go back a month/ 6 months/ year and look at sp and virtually any oiler and show me one that has performed worse than this share! I hope the app rises and LTH get money back or make a profit but this is huge risk even with the latest news which does give more breathing space. If sp gets to over 4p it will only be where it was last month after a great piece of news- think about it! GLA

Everyone is entitled to their opinion. I invested in HUR and lost about 20% despite a 5.5 average. I chose to take the hit and reinvested in other Oiler’s more - tlw, pmo, rdsb to be specific and have got the money back and now breaking even on all my investments. You can roll the dice or go for safer bets - it is a choice and we all know how hard it is to sell at a loss but it can be a wise move. Hope it all works out for LTH -
personally I have no trust in this company at all due to some hard lessons over the last 8 months

Is that it snapped now? Very strange today as most oilers slightly down. I hope this is the start of the rise.......before the guaranteed approval in vote

So our share price will only marginally go up? Please do tell me I am missing something important?

I just wanted some advice as I am investor and do read this board. Rookie and others had valuation of newco and I just wished to ask if my figures are out (back of fag pack). Harbour energy has value of £3.2B, tax credits at 20% are worth £0.8B, PMO itself is with say real value of £0.25B to give a total value of £4.25B which 5% of is roughly £210m- am I missing something?

I have skimmed the prospectus and although the decline in production is a concern overall I can’t see how we won’t go up significantly (27p end of week) as there is now limited risk and we are undervalued and POO is solid at the moment. Indeed we should be linked strongly to POO and with tax credits are looking Like a cash cow. However we may only get 5% of new company and we have to seriously

GLA

Just wanted to state that I never post but do read these boards and do enjoy the chat - especially truck man plantedbha!! I lost quite a bit of money in HUR and took my losses and invested elsewhere MCRO, TLW and NEX and just wish you all good luck as LTHs - it’s been a rough ride and I am finally up a few pounds and wish you all get there too!! I won’t post again and leave you to your talk.

Agree - shorts will slowly reduce and this will trickle up simply because there are much better shares to short than this on the recent news - will be steady until good news/results and if divi is stated (even reduced) will cause upward movement. Especially since no debt repayments until 2024 - so why short a share that is not going to give max gain (go bust?)

Not the most interesting RNS I have ever read but has no major alarm bells and is generally positive in my view as the cash flow is good; net debt is reducing and decline in key areas is reduced and depsite the market conditions all seems to be on track - IMO

there is a RNS there?