Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Over 65 again....a test for the sentiment tomorrow!
Soder, but you forgot the most important part of valuing anything...what people are prepared to pay!
I hope you're right. I'm in at 11.8p and it's my largest holding! Already done me good, but if oil does what Goldman Sachs predicts, then the year may end very well. Several of my US oil stocks are up over 200%...just hoping UK sentiment follows, as there is a massive UK / US disconnect at the minute! May be brexit, be nothing stays cheap forever!
If HE has a market cap of £4bn then the PMO 5% will equate to £200m, that's less than the current market cap. Will the company be valued over £4bn based on its gearing and the combined assets? Are there any comparative companies to assess likely mcap against?
Do you see the overhang as something of concern? Or will the removal of shorts counteract it? ARCM are tied in for 12 months, but are any other creditors? Hopefully creditors might stay holders if Brent keeps up... but I doubt it.
What are people thinking will happen after the merger is agreed on Monday? Nothing until April? Or the start of the rise? I'm thinking nothing until HE.
Oil price can apparently take a 75% decrease in OPEC+ cuts without hurting the Brent price. I'm still expecting $70 by June. A few quarters of resorting large profits will bring IIs back to Oil. A div announcement prior to September listing date may bring a year end high few currently expect.
30p would mean a company value of circa $7.6b. That would be less than Aker still, with similar bpoed and lower costs.
Not the same...I just don't get how being a LTH make you more entitled to post, or your comments more valuable than someone with 1! Surely new investors who've done their homework and see the value now are more shrewd than a LTH hoping to recover a loss they can't bear to cyrstalise!
Rule No1. Don't become emotionally attached to stock!
2 posts actually!
Institutional investors would surely want to know of a dividend from Harbour before piling in? Those creditors not tied in to keeping shares probably have other more profitable places to put their money so are likely to sell... unless HE is ready marketing to existing creditors to get them to stay! There aren't many places as oversold as PMO!
Oil production companies way past break-even with $60 crude prices and reduced debt here due to merger. Obviously a risk of creditors dumping post merger, but with lower gearing than ever before and 2019 crude prices... why won't this be 100p before Xmas?