Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Back when Brent was about $60 Tullow (TLW) was worth 25 p and PMO was worth 32p. That's £6.4 in todays HBR shares....
Now TLW is worth 61p and PMO (HBR) is worth 20p
go figure.
This latest rise in price is the same old story, wild swings indeed but due to hot air, the truth is JOG is not producing and is years away from it... they have no buyer and no backer, they may even lose their licence if Scotland proceeds with laws to revoke drilling rights post this recent scare... this share is still a huge gamble, yet the shares are one of the biggest risers on the market. I would sell now if i were you guys to take advantage then buy again when it falls back to 55 p this is what the clever money with JOG has been doing for years.
Reckon this would be £1 at least in PMO
That’s about £20 Re this share
Those of us who’ve been around a time know this current SP is pathetic , there’s a reason the analysts all suggest between high 4’s to high 5’s , with a bit of good news at FYR this could go over 6 easily with current world situation, even then it’s still only 30 p old money !
This is a massively undervalued stock, should be at least 570 if not more. Year end result nearly out and tolmount to come online soon, tolmount east to be confirmed shortly., hedges to be re-evaluated... oil over $90, war?
sell out now at your peril.
Not gloating , genuinely sad, I hoped to be in this club too but bottled 6 months ago. Its a disgrace!
Since the potential medium term return here is 5% of the value of yesterday the current sp is a good time to sell only 50% down on yesterday....
shocking run down of a good company due to opportunistic claims
Would have tripled my cash if I’d bought tullow instead of this 2 yrs ago , massively dissatisfied , what a dud!
I believe we are still dealing with the last of the “shares for debt “ overhang!
It is clearly worth more than the current Sp so wait for the materialisation
Of not just the consensus but All the analysts.
This will be 5.20 in the new year.
Can anyone tell me if holders in 2021 have already reached the dividend threshold , it would explain a lot .
A good divi representing over 3.6% per share , esg protocols to keep big investors happy , positive drilling’s safeguarding future production, and 16% increase in expected production next year currently unhedged.
Only downside slight delay on Tolmount , but I wasn’t expecting all the boxes to be ticked ! Should lead to a positive rise here closer to true value!
Guys
This raise was always going to happen , I’m not too excited an old PMO holder from current 600 + per share ; the transfer was at 420 that was a massive loss to me , months b4 I could have sold out at what was 640 now , only a short time ago , you gave short memories. This whole merger had jig yet taken effect and when it does should go well beyond 600 so 400 is still mini pennies... but at least it’s in the right direction and not beholden to Arcm anymore
Just wondering why I didn’t buy into Tullow at 23p or JOG at 55p .... I still recognise the value here but it is taking sooo long.
I can’t believe we are at $80 + oil and it is less than 18 p old money .... no wonder there is so much dissolution and bitterness. I had this at nearly 40 p ... it’s gutting !
Today is really a strange one, to me it just shows how manipulated the SP and markets are. So we have broadly positive news, after all the trading update took us through to end of May so 1 more months data and plenty of upside in the future. What else could you expect? were the MMs expecting a huge divi announcement?
Add Brent at over $77, and £5 million bought over £3 million sold , tell me why the prcie has dropped?
Even todays analysts updates tell us it should pretty much double....
Buying opportunity, possibly one of the last.
At least they have clearly indicated there is a dividend policy .
Sk your posts used to be interesting when we were PMO but now Isuspet you are out and are just sour grapes. Please stop your pointless and negative posts, we are interested in ideas backed up by facts, not pessimism driven by bitterness.
Can someone explain to me why when the buy volumes are almost double the sell, the price continues to drop? this is counter intuitive.
What’s this ?
It’s Freaky Friday and it’s not going down?
Could be the market has realised after nearly two years that this has legs and is printing cash ... well at least realised it’s not a good sell or short !
Next six months we’ll be over £6 which is still only 30p PMO ... pretty rubbish either way !
Wasn't expecting this drop, since its a company that is already hugely undervalued. Someone will get a bloody nose soon but it wont be me since this is an amazing buying opportunity, possibly the last real one what with new gas coming online within a few days and all the best stuff still to come!
Because it’s hugely undervalued by any metric !