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Hope they get the auction away, so at least we have a trading facility, might buy more if it is going cheap. Enwell is still tradeable so there is value there, even if it is near historic lows.
Reason i bought was the UNB stake. Thought they would unlock that for multples of the share price. I suppose thats prerty much worthless now its been nationalised for the war effort, but how about when the war ends? Putin appears to be gearing up for an existential fight with the West, so this could grind on indefinitely one way or another.
Russian assets still producing, but will they exit below book value?
Also worrying is if the Russians gain air superiority the war might turn in their favour, and they could hammer infrastructure even more than with just missiles and drones.
Name
Harris & Trotter LLP
Incorporation
14 January 2003
Incorporated 20 years ago
Size
Medium
Between 50 to 250 employees or between £10 to £50 million turnover
Classification
Accounting, and auditing activities (69201)
https://suite.endole.co.uk/insight/company/OC303687-harris-trotter-llp
From the Chairman's statement...
Following BDO LLP’s resignation as auditor, the Company was rapidly able to appoint a successor auditor Harris & Trotter LLP.
Not found anything for them on investegate apart from an AGM for Aeorema Communications plc (AIM: AEO.L) being held in their offices:
"The AGM will be held at the offices of Harris & Trotter LLP on 14 December 2021 at 11.00 a.m.."
JKX Oil & Gas Ltd. Key metrics for the 6 months ended 30 June 2021
Average production 9,255 boepd
Production costs $4.3 per boe
Profit for the period $9.9m
Cash generated from continuing operations $16.8m
Ad hoc Asset Match Auction closes in 18 days; Lowest Offer 29.00p. No current buy orders.
Auction details
AUCTION FREQUENCY
Ad hoc
NEXT AUCTION DATE
13 Apr 2023 - 02 May 2023
AUCTION CLOSE TIME (LONDON)
04:00 PM
MARKET TYPE
Open
TICK SIZE
0.50
https://assetmatch.com/app/OurCompanies/CompanyProfile?companyId=2536#:~:text=JKX%20Oil%20%26%20Gas%20announces%20that,21st%20April%202023%20at%204pm.
Company News
ANNUAL REPORT & ACCOUNTS 2021
03-Apr-23
https://www.jkx.co.uk/~/media/Files/J/JKX-V2/download-centre/jkx-ara-2021.pdf
“The Company announces that it is postponing the share auction intended to close on 26th April 2022 in view of the current situation in its core focus area. The Company will provide an update on its plan for future auctions in due course.”
Shareholders should contact Asset Match in relation to any queries regarding trading via the secondary market trading facility by emailing dealing@assetmatch.com.
>>>Based on the current indicative price of JKX stock on the Asset Match website, it has barely changed from last December, with the market capitalisation of the producer currently estimated at little over £58 million ($79 million).
We have only been on the market since 7th February, so it's too soon see where the share price is likely to settle for the first auction. Not everyone knows about asset match, whether their broker supports it, and how to trade on it.
A good trading update released before the first auction closes will hopefully support the price.
Hopefully by then Russias intentions will also have become clear.
Three negatives for me...
1. Not all brokers support asset match (interactive investor only offer selling for example).
Pdf list of brokers here: https://www.assetmatch.com/media/khokx3wm/20210610-asset-match-list-of-brokers.pdf
2. I found monthly auctions annoying on another stock I owned on asset match, so quarterly auctions will be very very frustrating.
3. Enwell Energy stock price has been spanked by the Ukrainian Goverment price cap, so hopefully JKX will have some good news to mitigate this.
MARKET CAP. £58,073,487
REVENUE £52.57m
PRE-TAX PROFIT £18.77m
EARNINGS PER SHARE 9.18p
P/E RATIO 4.36
SHARES IN ISSUE 145,183,718
JKX Oil & Gas Ltd is an upstream oil and gas exploration and production company with significant assets in Ukraine, southern Russia and a presence in Hungary.
www.jkx.co.uk
Auction details
JKX Oil & Gas Ltd was admitted to trading on Asset Match on 7 February 2022 at a price of 42 pence per share (being the Tender Offer price).
Auctions are to be held quarterly and close at 4pm on the last Tuesday of the month (unless stated otherwise).
The tick size for this company is 0.50 pence per share.
Participants can send orders via their existing broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.
https://www.assetmatch.com/app/OurCompanies/CompanyProfile?companyId=2536
Kept an eye on PTI since they took over Enact on ofex which I held. They used to be Proteus and Therapeutic Antibodies - (ATB Antibiotic) They have a great pipeline. Would you rather they went it alone or got swallowed up? BTW speculation on iii is the other interested party could be Novartis. Holders should have the ATB (Ability to Benefit) from a surging stock price. Let the battle commence!
ATB Ability to Benefit ATB Above-Ground Telecommunications Backbone ATB Active Time Battle (roleplaying game) ATB Adaptive Two-step Allowing Backtracking (IEEE) ATB Advanced Tactical Bomber ATB Advanced Technology Bomber (B-2) ATB Advanced Training Base ATB After the Bang (period just after the Big Bang) ATB Agricultural Training Board ATB Air Target Board ATB Air Technical Battalion ATB Air to Boil (temperature) ATB Air Transport Board (Canada) ATB Air Transport Brigade ATB Air Turn Back (aviation) ATB Airborne Test Bed ATB Alberta Treasury Branches ATB All Terrain Bike ATB All Terrain Board ATB All The Best ATB All Trunks Busy ATB All-Time Best ATB Alternate Top Bevel (saw blades) ATB America The Beautiful ATB America's Talent Bank ATB Analytical Tool Box ATB Antenna Test Bed ATB Anti-Terrorist Branch (UK) ATB Antibiotic ATB Army Training Board ATB Army Transportation Board ATB Articulated Total Body ATB Articulated Tug and Barge ATB Asphalt Treated Base ATB Association for Tropical Biology ATB Atmospheric Test Ban ATB Atypical Tuberculosis ATB Authorization to Buy (government contracting) ATB Auto Theft Bureau (law enforcement) ATB Automated Ticket and Boarding Pass (airline industry) ATB Automatic Ticket Barrier ATB Automatic Torque Biasing ATB Available to Build (Dell) ATB Aviation Training Board ATB Active Turn Based ;-)
Onwards and upwards tomorrow WABOL
so they can't be minnows.