Member Info for Sirius50

Relax, this is not PV or Tescos or Carillion or WorldCom or Enron or Autonomy, or...well no pasa nada. The signs were there with all of those.
SLP`s strength lies in its simplicity. It`s Annual Reports are transparent and clear. In a few weeks, I look forward to seeing cash balances breaking records. The nice problem to have is what to do with all of the $$$s.
I`m hoping for growth not acquisition. What else are they going to do with it?
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Last time this dipped below its 200DMA (weighted) was 25 June 2020 at 43p.
I`m already maxed out to 30% of portfolio, otherwise I would back up the truck - well Luna, you got your wish, another dip, another buy?
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End of July or August?
To lighten the mood (it has been pretty depressing as of late) let`s have a little chime in at expected earnings. Anybody want to wade in? I`m in at the table with USD 34.5M.
GLA!
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And the spokesman for the turkey foundation say Xmas has been delayed indefinitely due to a new CV-19 `epsilon` variant.
Talking their own book!
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$19,750 six days running now (MD)
Looking forward to Q4 results.
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https://www.tradingview.com/x/C05TajNy/
actually, my mistake, it is 2 forming (not 1)....

https://www.tradingview.com/x/x8tEupQ4/
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holding 6 days at 19,750 now md

Just hit its 200WMA, last time it closed there was 20 July last year. The Rh price at the time was $8,850.

Rh is 19 750 on metals daily and has been 4 days on the trot now. I`m guessing this QUARTER comes in at $35m net earnings for SLP.
To put that in perspective, gold, copper et al miner AAZ`s (136 SP) net earning`s last reported for the YEAR was $23.2M.
this to 140p in 2 months for a nice 20% in/out whilst main holding goes in the bottom drawer.
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The very definition of a value trap: cash out every year (USD):
`17 of (1.72)m
`18, (169)k
`20, (1.74)m
Have you seen the CEOs remuneration lol
This is only 0.66% of my portfolio. Now I know why.
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Rh looks to have stabilised (for now): (USD) Metals Daily
26,750
24,500
23,000
22,750
24,500
25,500
25,500
25,250
24,750
24,000
23,000
22,500
22,250
21,750
22,250
22,250
22,750
23,000
22,750
22,500
21,000
20,500
20,000
19,500
19,250
19,250
19,750
SLP invoices are payable 90 days (more or less) so if they deliver 3 months ago they paid on the June average price ($21,830) of course they won`t see all of that (and how much they will see, is a bit hit and miss). Might be safe to err on the side of caution and discount by 30% I seem to recall them mentioning something about this in one of the ARs.
I think that is right but stand to be corrected if not.
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Yesterday, I was a billionaire :(
Ce la vie
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Another tonto weighs in punching short expecting a KO.
A month. A whole month....
Whilst youre at it get on the phone to that Buffett bloke, the lazy bar-stool. Value investor - pah.
I want action and I want it NOW !!!!!!!!!!!!! lol
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What`s your EBITDA estimate then Stud-sters, North of 70% maybe?!
"Let`s see"- well you done called it correct so far sir lol
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5 May 2021 AET listed, that is a mere 37 trading days. What a joke, just shows how fragile some people are.
Come back in a year if nothing has happened and I will be inclined to take you more seriously
Paul McDade was making 1.47M 10 years ago, that's an 84% pay cut and hardly a man who needs money; he is a millionaire probably several times over.
Richly rewarded indeed!
He has a point to prove and I've no doubt he will. If he reads these BB were behind you!
Go for it.
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Michael Taylor of IC: (he reckons 350k, 285k, 285k salaries are too high)
Afentra is a new company that has been born out of the old Sterling Energy (SEY).
It’s an oil & gas company that tries awfully hard to tell us how it’s all about managing the African Energy Transition.
This is how the company got its name: African Energy Transition.
It’s as good a name as any - and hopefully the company didn’t employ some overpaid consultants to come up with it.
At the moment, Afentra has a single asset in Somaliland that is fully carried by Genel Energy.
The company had $42.6 million in cash on its balance sheet as of 31 December 2020.
That’s around £30.5 million at these levels.
Afentra is currently worth £32.5 million at 14.75p.
The burn each year is around £1 million, so the company is currently trading at 90% of its cash levels.
One of the first things I like to do when investigating a new company is to check their salaries and check their shareholdings.
Why?
This will tell me instantly whether they’re an owner or a highly-paid employee.
Source: Afentra Annual Report 2020
Straight away, that looks like a highly paid employee to me.
But further down we come to the shareholdings.
We’re not told what price was paid for the stock, but the shareholder register looks like it had a cleanup around 10p.
That makes the purchases:
Paul McDade (CEO): £226,700
Ian Cloke (COO): £173,000
Gavin Wilson (NED): £268,166
We’ve also had PDMR dealings since then - £149,990 from the new CFO. Nobody forced her to buy (I assume!).
And another £29,764 for the COO Ian Cloke.
These are some fair buys in my opinion. Directors can’t buy and sell on a whim like we can - so it’s money they’ve locked away for the long term.
Looking at the chart, it stays on my watchlist for now.
I’ve set an alert for 18p. It could be one to watch for the future.
Positives
• Experienced board who are aligned
• Valued almost at cash
• Low cash burn
Negatives
• Potential opportunity but also vulnerability to a low oil price
• No guarantee management will secure any value accretive deals

Since when did anyone give "guarantees" !
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We wish to inform that the financial information of a company is only available for purchase via iShop@ACRA. Hence, we regret that the information is not publicly available for viewing. The Corporate Compliance and Financial Profile (CCFP) is an electronic report that provides an overview of the company's financial in a report.Should you be referring to the financial information for TRADEFLOW CAPITAL MANAGEMENT PTE. LTD. (UEN 201920511H), please note that the CCFP for the above company may not be available for purchase as it is only available for companies with at least two latest years of financial data. Hence, you may consider purchasing the Annual Return (AR) extract of the company at our website […] The cost of the AR electronic extract is $11 without attachment and $26 with attachment. Do note that the AR includes the information which has been filed during the annual filing and
*****it may/may not contain the financial accounts of the company ******

Napalm - Did you pay for the accounts and if so, did the pack include the Income &Cash Flow Statements, and Balance sheet?
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Agreed Stud it is misleading to say that Rh is crashed or other such language as the fact is the climb was exceptional and really to be (almost) ignored - 10k would still have been an ATH a few months back and even at that price it is 5x the price of Au. Q4 production hopefully will push annual past 70k. And exchange rate has slightly improved too so all good as you point out in your inimitable way :)
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More than a slight dip, it is a downward trend now at 20k from 29k but that was ATH and never sustainable so it this flattens off at 15k I'm happy. Pt on the other hand has recovered somewhat.