Member Info for Straycat

Rog,

I'm going nowhere because the basic business premise is wholly solid.

Debt carries its own weight, and GKP has none of it.

As a consequence it is a very unusual investment opportunity.

Yes, it's operating in a very difficult environment where geopolitics can skew short term outcomes.

But the legally binding contractual arrangements between GKP and the KRG could potentially last until 2042 and beyond.

As long as you're risking what you can afford and have the appetite for real risk and reward then what's the problem?

This is a risk share. If anyone doesn't understand that then they shouldn't bother.

Rog,

sometimes I despair at my own ignorance and inability to read the runes...

Hey Ho.

Don't you just love this share?

well i really ballsed that up!

thought to invest another £40k yesterday and bottled it.

what a ******!!!!

no conviction in my own beliefs...w*nker.

I remember during Covid in April 2020 when the oil price shrank to $19.

Because we were debt free, and even though it was tough on the P&L, no problem.

That’s the key; debt free status.

It gives GKP the ability to manage its affairs in the most hostile of circumstances.

FCF at y/e 2024 was $102m, enabling a 9p dividend due in a couple of weeks.

Even though GKP have been toughing it out with the locals.

Since then FCF has risen to $119m per the CEO’s statement on 20/3/25 (pre dividend).

This suggests FCF at 2025 y/e of $150m-$160m (post April dividend). And that in turn suggests further dividends this year, even given current restraints.

In the end, the basis of GKP’s model for growth may change due to external circumstances. BUT it’s wholly financially stable, and as a consequence, has the facility to manage its own planning and positioning even in these volatile times.

Oil price notwithstanding. And geopolitical events.

Because it’s got a legally binding and recognised agreement with the KRG. Recognised by the highest Iraqi Court.

When the pipeline re-opens, and given a sensibly re-negotiated set of arrangements the numbers are outrageous.

There’s someone on ADVFN. His Monica is ‘abshan’. This is his current perspective as of last night: -

‘Unsurprisingly Broadford you've completely missed the point, which is that Turkey STRONGLY favour and prefer to do business with the Kurds both commercially and politically. Turkey knows to it's cost that dealing with a fractured and Iranian leaning Baghdad is a nightmare, as do we all:-

"While Iraq has been preparing to resume oil exports from Kirkuk to Turkey, Erdogan likely prefers resuming exports through the KRG's pipeline. Sources claim the agreement's political dimension is to maintain the KDP's power and continue its leaders' rule in the Kurdistan Region with Ankara's support.”

Slight grammatical errors aside, I’m quite impressed with his argument and supporting evidence.

IF he’s right, then why would GKP sacrifice their integrity to random negotiations that are completely outside of their legal and binding contractual commitments with the KRG?

Why would they do that?

Better to restructure the existing deal with payment security at its essence.

Think I’m leaning into habshan’s interpretation of unfolding events because it looks like a pragmatic view of what's actually happening on the ground.

My God.

Analysts have their place. PUTUP is a consequence of this 'free speech'.

But once they attempt to translate their analysis into influencing shareholder sentiment using spurious and divisive content then people like me will speak up, on the basis of the same free speech principle.

The TRUTH is that GKP have a basic business model which is wholly credible, even in these most difficult of times.

Because they are debt free and energised by a future which embraces self funding growth to 100bopd+.

Right now they are generating FCF and enabling shareholder returns without export facilities via the ITP.

AKIPUR are an amalgam of eight disparate companies with extraordinarily different ambitions because of their individual financial circumstances.

It suits GKP to be a part of that amalgam as long as it works for GKP.

You've got to ask yourselves two questions:-

1) Have Türkiye signed off on the termination of the contract with the ICG, given that there is a one year termination clause on the agreement;

2) What do you think JH thinks are in GKP's best interests right now?

I reckon the contract has been formally terminated, though there is no evidence for this; pure speculation on my part.

But if I'm right, then GKP's best interests are served by JH engaging with the KRG, and we know that's what's been happening...he said so in his Annual report.

FWIW I'm backing GKP and about to add to my investment.

Spot on VS.

BroadfordBay,

What are you talking about you idiot?

You really need to try and understand financial fundamentals.

Just look at the accounts and do your best...good luck with that.

I reckon we need to relax about the current share price.

GKP is ex-div, oil price volatile and Trump is on the tariff march.

The fundamentals will out.

Traders are a different breed; the likes of PUTUP, Izta and their acolytes will do whatever they have in mind as a cohort driving their own agenda.

None of that is of any real consideration to me.

What is important are the critical investment criteria in GKP; debt free, self funding growth plan and good management.

Also JH and the Board taking us shareholders through a difficult trading period AND producing shareholder returns of capital to boot!

The sp will recover because the basic business proposition is rock solid.

No they don’t.

They represent and produce a continuum of de-ramping propaganda which seems suspiciously orchestrated.

And you Klassic, look like (and have for some time btw) a de-ramping sympathiser.

I genuinely don’t care what your views are because they’re based on motives I’m simply not invested in.

not you jens, **** for brains was my target.

Don't be stupid...oh yes you are, silly me.

What a load of tosh.

Just a realist starsalign.

I suggest you join in, that's all.

We've all fallen in to the trap of obfuscation.

Me included.

So there’s some idiot Avatar bigdog5 posting on ADVFN who reads like he’s PUTUP’s Puppetmaster…both American based.

Dissing GKP…continually.

Wonder why that may be…?

God knows. But it seems like theirs’ may be a relationship permeating both bbs.

Influencers?

Strange.

Badge of Honour.

Don’t know the other six (I could guess) but what I do know is that PUTUP can’t stand the heat, so he’s got out of the kitchen…who’s surprised by that?

His basic proposition is wholly flawed. And he/it’s a coward who can’t deal with serious analysis and criticism of his views. So he’s leaning into his ‘friends’.

F*ck him if he doesn’t want to debate.

I couldn’t care less, but the likes of starsalign need to understand what they’re dealing with.

I do.

‘Straycat - Can you show me an example of where I've been negative? You do realise that me suggesting knocking off the $9 KBT discount would be a positive?’

Boo Hoo.

Okay, two things:-

1) You slide up to and then into PUTUP’s lair and you’ll get nothing from me but the criticism you deserve. He/it only has one agenda, as does his buddy Itza;

2) You’re proposition that we’re ever going to get that $9 KBT discount back is both stupid and politically illiterate. There is no chance GKP will ever get that reversed. The world has turned, or didn’t you notice?

Grow up.

I’m off to the South of France at the end of this week for an extended six month Summer break, but I’m afraid of the packing regime I'm about to engage in.

Also my wife’s natural abuse and vitriole.

Oh yes, and I’m bored.

So here’s some trivia:_

1) Total posts in the last two days = 46;

2) Total posted by PUTUP = 9;

3) Total posted by Starsalign = 8.

If you include Itza @3, then the Three Amigos account for 44% of all posts in that period.

All of those posts sending negative sentiment and de-ramping in a share which is obviously on a rising trajectory.

Unfortunately for me, and like I said, I’m bored and afraid of the next few days in equal measure!!

Apologies for the intrusion, but you lot should take pity on my soul!!.

‘Also, focusing on just revenues would be a mistake.’

Revenues and their valuation, i.e. the cost of producing those revenues, determines profit or loss.

Which is a KPI.

GKP are producing FCF in the most difficult circumstances…FCF in a significant way, enabling continued shareholder returns.

Like the most recent ‘interim’ $25m dividend.

The key word being ‘interim’, suggesting more to come on their internal projections which they have found it safe to forecast.

Can’t help the sense that this is now a very well managed business under JH’s stewardship.

If I’ve got that wrong then I’m going to lose a lot of money!!!

Seems to me Rountree has got it about right. He’s been there for ten years and continues to re-invest his money in the business model.

As for his strategy, would have been one dimensional and ‘game player centric’, but now he’s selling licences…great development I reckon.

I’m still dealing with the fundamental games concept is the truth, but I’m getting there.

Nevertheless, the numbers speak for themselves.

On your question and to point, I reckon he’s doing a great job at developing a ‘hobby’ into a serious business.

Amazon is the next step up in the ladder of share price development.

A lot rests on that success or failure.

For me, that’s beauty of this share…risk and reward.

That's very funny and also astute in equal measure.

We play what's in front of us and I reckon they've been found out.

Here's the business truth.

If GKP has a business model that is sustainable then it's driven by self funding growth.

It has no debt, a massive advantage given LTHs real sacrifices.

This share will soar I reckon.

So the rest of it is propaganda and tosh.