Member Info for Sm66

I’ve delved a little deeper

The latest RNS references a different field for contract extension to the fields mentioned in last months RNS. SSG & SSF were the fields with 1.9 trillion cubic feet of gas. I may be missing something here but it appears today’s RNS refers to a different field?

That doesn’t excuse the machinery taking over a month to repair but all may not be lost.

Glad to be proven wrong

Totally unprofessional RNS, no time span given for repair works and no likelihood mentioned for contract extension.

Typos- I’ve and yougov

Have to agree, too much uncertainty for me also, I e offloaded 90,000 shares and moved the money to yougo. I’ve kept 10,000 as a marker at 13p but unless they extend the contract and fix the turbine this could just as easily drift towards 5p again.

Have to agree, too much uncertainty for me also, I e offloaded 90,000 shares and moved the money to yougo. I’ve kept 10,000 as a marker at 13p but unless they extend the contract and fix the turbine this could just as easily drift towards 5p again.

Turbine still at reduced capacity after a month or so?

Wasn’t aware of contract expiring for one of the gas fields.

Not looking soo good anymore.

Reduced my holding at a loss. Will watch closely for the renewal in august

I don’t really think a 10% drop in profit is serious. However a 50% drop in Mcap is! IMHO this is completely over done and will no doubt have spooked many but is see this as an opportunity.

For sure

I bought 626 shares at 11:07 and LSE showing the trade as a sell

Apo

Seriously? Bonds are suspended when the issuer is expected to go into bankruptcy!

You’d think the bonds being suspended would generate an RNS?

£5-10k is fine, any more and the spread gets unreasonable

Understatement I’d say

Net equity $340m

Profit margin over 80%

Mcap £22m

SP is way off the mark

Excellent find stew

Mostly bots selling by the look of things.

My understanding is that AXA sold its position in order to clean up its image and exit investments in fossil fuels.

The free float is very small so volatility is expected however, the fundamentals are very strong. Yes there is debt but but assets are reported at $340m so the current Mcap and SP is ridiculously low.

I’d think a rerate is due very soon.

No change in the bond, 19.78

Totally agree, which is why I joined in at 122p today. Looks to me, as usual that the market has overreacted today.

Net asset value per share is listed at $1.88

This is beyond undervalued.

Volume is pathetic, it seems Indus is not yet on the radar somehow.

Aucuba

That’s exactly my thoughts

, I’m holding a nominal amount @129, admit I sold most at 150p. If it does slide again, which looks very likely now, I’ll hold for longer next time.

I hope not, he added no value, he focused only on debt and ignored assets, income, profit and profit margins. He was an annoying repetitive poster and probably caused some poor souls to sell a loss. We can all see the fundamentals, it’s no secret and the reason for the SP decline over the past few months (AXA selling) this company remains undervalued IMHO. What’s the right price? Probably 150-200p based on fundamentals but this is the stock market. MM’s can play with PI’s unless an institution starts buying large chunks. They do seem to be shaking the tree this week.

The share price is back where it was last Friday, before the company issued an RNS stating the SP is undervalued at present. Low percentage free float is always going to make this a volatile stock. It’s undervalued, period.

JW

You haven’t addressed the assets!

Name a listed company without debt, the important part is the assets outstrip the debt by $343m they make revenue and 86% profit margin and are sitting on $6B of gas reserves.

Where is the issue. Really?