Member Info for Spudton

I would appreciate an invite back in please. I promise to reign in any negativity. I would like to invest but want to do so with DD.
Thanks.

I'll reiterate my point, if you don't allow open discussion, you'll lose credibility and ultimately investors.
If you don't want people to discuss share price trends then fair enough, make that clear, not just bump them off.
Btw, it did bounce off the 40p peak ??

Thanks, I got kicked off telegram group so much appreciated.

What are the next couple of news items we are expecting?
These are the catalysts we need for share price increases.
Thanks.

Agree, 40p is a key indicator as it sits on the downward trend of peaks. Probable retraction to support at 36p if there's no news in the pipeline

Kicking people out of a telegram group for having critical discourse doesn't add much credibility to your story.

What you can say about this share is that it ain't dropping below 110p. Loads of support, including directors buying at 110 last month.
So low risk to invest at this price, all this year's activities are funded and multiple moonshots in their sights.
HOLD.

I don't think a buy back is out of the question. The capital plan is not huge 2, 3, 4 million each quarter. If they start making 10m profit a quarter, then there's no point in that cash sitting in the bank.

Which it by we SPACs are you referring to please?

3% has been stated by the company. They are shallow weeks so deplete quickly. The capital plan mitigates that by adding more wells to tap into the gas plant. Each project pays for itself in a year. Another gas plant would cost 20 million but return 100 million. The capital plan is simple, low risk, with fantastic returns.

3% has been stated by the company. They are shallow weeks so deplete quickly. The capital plan mitigates that by adding more wells to tap into the gas plant. Each project pays for itself in a year. Another gas plant would cost 20 million but return 100 million. The capital plan is simple, low risk, with fantastic returns.

Re the 5p being a fair price...the board literally devalued the price from 3p because it valued the SPAC too highly to get a deal through. Honestly has noone learned anything from the last two months?

Whilst JM may not be pulling the strings, he must have a lot invested in this (more than just capital). If rdgc fails, after he pumped it royally up to 3, it doesn't add much credibility to his own SPAC.

Why would the share price be multiple times before suspension? The company being listed will be valued, and the share price of the SPAC will be in line with that plus a sweetener to get the SPAC shareholders to vote for it. We then hope that growth or hype drives the share price up. The current owners of the independent company aren't going to give away multiple times what the company is worth to the SPAC shareholders.

They are preliminary results. don't expect to see anything different in the audited accounts. there was a delay due to Brexit was all.

SENX is the other AIM O&G play that's profitable. same story as here...undervalued, debt free, capital plan self funded. printing money. 35M market cap. 100m company with significant upside down the line.

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Cash compounder
Serinus Energy plc (SENX:LON) | 0 0 0.0%

Shore Capital
Craig Howie

18 pages


Oil & Gas - E&Ps image

Following Serinus Energy’s refinancing towards the end of last year, and recently issued prelims for FY2020A, we are pleased to introduce forecasts for this production-led operator in Romania and Tunisia. Whilst we had always fully appreciated the transformational impact of December’s debt-to-equity conversion deal, we are now struck by the significant cash generation indicated by our forecasts following a detailed modelling exercise. We expect low development costs, a progressive ramp-up in production and stronger realisations to translate into funds flow from operations (FFO) exceeding US$15m this year and next. In addition, after an estimated ~US$20m capex programme through FY2021/’22F, we forecast material free cash generation and, consequently, a growing net cash balance. Based on our FY2022F numbers, Serinus trades on an EV/FFO ratio of ~2.5x and an equity free cash flow yield approaching 20%. In our opinion, these metrics are based on assumptions which are conservative and readily established with reference to reported performance. We therefore have confidence in our numbers and highlight Serinus as a high-quality cash compounder driving growth at low capital cost. We initiate coverage with a Risked NAV estimate of 8.5p/share.

2.6 shows on HL too

i'm not questioning the potential size of the listed company. I, like everyone else on here, has no idea what the size of the company will be. My point is that many folk investing in SPACS think that their 5m SPAC RTO'ing a 100m company means that the SPAC shares are now worth 100m.
that's not how it works.

Just because the value of the company being RTO'd is 20M, that doesn;t mean the SPAC shareholders get 20M. You'll get a sweetener to approve the RTO, then hope that hype drives the share price up. Or if it's a good company, it's growth (with extra funding) increases the value of your holding over time.
the risk is that the share price goes too high pre-RTO like RDGC, and it's just not worth it for the company being taken over to give (say) $6M's worth of the company to a SPAC which only has $2M cash.