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Had a nice response from KB who seems to have taken my feedback on board. In general he seems to have dropped out significant Opex cost to preserve capital and keep the company running through the oil share price downturn. Very confident that the production led growth strategy will come through strongly over time. He is conscious that shareholders need a return and this is aligned with the strategy. We are dealing with a very good head of this company. Keep buying on SP dips.
Can you post the link please
The more and quicker companies stop production, hold in reserve, reduce opening new wells etc then the quicker the oil price will bounce. It's just a matter of time - classic supply and demand - soon supply will significantly drop ! Nows the time to buy.
The amount of capital expenditure being cut by oil companies now is staggering - Premier announced a big cut today. It's obvious to us all that at some point the oil price will rocket due to lack of new fields coming on line ! The time to buy oil stocks is now as this is a massive oversell. I'm not normally into oil stocks as I've said before but I do also like the look of CNE - lots of cash and good revenue stream. I also like POL - anyone got thoughts on these two ?
Thanks Mickey happy for you to copy my questions. The one thing I do know is that KB is honest and a good leader of this company, but we are all substantial shareholders and want a return.
Mickeygit I wonder whether you could write to KB with some questions from us genuine investors and regulars on this board. I think between just a handful of us we must hold over 1m shares in NOP so we have a strong voice. Questions I think worth posing: 1. How does NOP intend rewarding shareholders over the long term - dividends, share price performance, share buy backs etc etc - the question is how will shareholders be rewarded and in what sort of timescales 2. Why are the Director salaries so high for a company worth £10m 3. A question we raised last year - what is the long term incentive plan for the Directors - I would like to see this linked to share price like Monitise or Trinity Mirror among others have done 4. We must understand the cash burn forecasts - NOP must have these figures 5. What has happened to the other prospects Gyuane etc I think the share price collapse with NOP is partly driven by the oil price, but more to do with the lack of visibility of the future prospects of the company and how shareholders will benefit from holding these shares. KB needs to give us a compelling reason to buy more shares in this company and believe in his leadership. Hope this makes sense and maybe others could raise there questions. We need genuine shareholders to add questions only, can the negative writers on this board please keep quiet for a few months !
Byoygeorge - what other oil stock is cash positive on the ballance sheet, has a revenue stream and is producing oil of 500bpd with lots in reserve, plus has other prospects for the future and has a market cap of under £10m ? I agree the burn rate has been high, but as KB says they have addressed this now. This share is not for every person, but at this price it's a gift. I will let the dust settle and increase my holding further.
This is the key message for any mid term investor: "The well currently being drilled will test our revised subsurface concept and, if successful, has the potential to improve the redevelopment plan for the Virgo project, such that fewer wells than previously forecast will be required to achieve our initial recovery target of five million barrels of oil, significantly reducing the capital cost of the redevelopment.
Good to see reduced capital expenditure and then hitting 500bpd. Also looks like they see upside in the longer term based on there analysis as it suggests they feel more positive about wells. KB runs this company well and he is prudent to reduce the cost base whilst the oil price is low. Market cap now rediculois and once the oil price bounces up this will be a profitable company. For those looking at a mid term play this is very good value at current SP.
Thanks for this post alphapig confirms all our thoughts. I'm sitting on 120k shares and would also look for 60p target price. Vislink is a very nice mid term play.
Please post all the tip as I have no access to this - would be good to read.
Seems like we have seen a violent tree shake from the MM's. Poor people must be short of VLK shares ! Vislink should be closer to 60p based on fundamentals. On the basis we have had no update and its near year end we can assume VLK is trading in line with market expectations - that makes current PE rediculosly low. Keep buying these.
The current market cap does not reflect the value of this company and we know that the board is strong and KB is a good leader of this company. The current oil price will not be like this for long, months not years and so all the oilers will rebound at some point. I see that at this even lower SP its a buying opportunity (I bought a further 35,000 shares today at 13.25p). Essential in these times that people look at the long term and see these low prices as a significant buying opportunity. As Mr Buffett says 'when the market is greedy be fearful, and when the market is fearful be greedy'. I intend on being very greedy on NOP...and also now a couple of other oilers.
If QPP collapses then REDD will obviously benefit significantly. This share looks very interesting so I have today increased my holding.
Some heavy buys coming in over the past few weeks on odd days. This SP is very low and fundamentals still look great plus a nice dividend. I bought another 90000 shares today at 41.6p. This one will go to 60p plus.
Yes classic computer - the sell reported was my buy of 40000 shares. When this share price hits 40p I will thank TW for causing such a price drop.
Like you I enjoyed the event and had a great conversation with KB. I've topped up again today on price weakness adding another 40000 shares to my holding.
This is one of the few healthcare development companies that has products in the market, is generating cash and a good pipeline of R&D. The price is currently under valued and I would agree with some of the mid term targets of up to 200p. There is the added bonus of the potential of a takeover bid .
The microchip industry has faced its fair share of challenges this year, from slowing sales of smartphones and tablets to inventory reductions and flagging Chinese demand. Those are valid concerns, but we remain bullish on companies that are active in explosive areas such as connected cars, industrials and wearables. Arm and Imagination offer strong growth, broad exposure and relatively impregnable business models. But both companies' shares trade at over 30 times forecast earnings. Infineon, IQE, Pure Wafer and Nanoco offer greater value and upside in our view.
This is the first time I've had chance to hear from this management team and they are exceptionally strong. I've been investing for over 15 years, met many CEO's and board members and have to say this team is impressive and I put a lot of weight on the strength of a company's leadership. The more I hear about NOP the more I see how much value is sitting here. This company is seriously under valued and the market has got this one wrong. I reiterate my earlier view of value to at least 30-35p per share and this is just in what we currently know. Italy sounds very exciting, but to Mickeygits note I did not pick anything up on timescales. I'm even more convinced I've picked a good company to invest in (please all be aware I am not an oil expert I normally invest in tech's such as VLK etc and I hold a lot of larger companies with growth potential such as VOD and GSK). I will be investing more and building a larger holding in NOP in the coming weeks. Well done Keith Bush we have a winning CEO.