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will - these guys need management accountants not creative accounting
and the cost of listing alone is half this - where companies like this find the funds to sustain losses year in/out I don't know but with a small change the revenue should be making a modest profit at least and that would do good things to the sp - but will it happen who knows
claim - how much might the companies have lost 5m 30m?...5m should not be the end of the world, 30m is more than the mkt cap
thx both - but omg - anyway I've migrated mainly to oil but interested in the npv of acoje $250m (which might be five times mkt cap). I guess we must be somewhere near the bottom and I understand that production could start no earlier than end of 2013 and I suppose realistically might start later. If it dips further this summer, that might be an entry possibility - though I am a bit concerned about the high capex relative to the npv (nearly double). However, the margins are said to be high, goldman sachs has a chunk and a director bought in earlier this year. So an interesting proposition and a slow burner at present. The low price large oil fields are good value at present in my view, Gold Oil and Global Petroleum.
well spotted when do you suggest buying in exactly?
day traders can look after themselves on this one - I want to how much the hedge funds are seeking from HLO before making any decisions - it will be a multi-million pound claim but how much is anyone's guess. If large the board will have no choice I suppose but to fight.
1000 bopd and 100m+ mkt cap?
Simon Mundy FT on 29 February or any relevant press release
A chinese company doing bus tv advertising got hammered by us lawyers and investors for apparently misreporting their viewing figures/numbers of buses with their tvs. The story was covered on geo-investing. I have no idea whether the company can be sued but they were named on the hlo rns. If the company survives, the sp will fly - and the market seems to be not as worried as I might have expected. But this will take time to unravel...
pipear says mkt cap less than cash - does that include mkt cap on JSE?
I think this share could fall to nothing when the claim comes out
could be anywhere up to £100m...I'm out for the moment having been in a couple of times and interested in coming back one day
us legal expertise know what the score is? - the hedge funds might be able to sue company and directors for a significant proportion of the market cap collapse which will write the shares down to nothing again. The business itself seems quite good and might be best sold off to someone who can manage it.
the cash pile may get spent on lower margin investments - just give the cash back to investors that's the safest thing to do...
thing about moil it is a heavy oil play and they have the diplomatic skills of an amoeba...lots of potential though and on my watchlist. ENK anyone?
This company had 50m reserves and 20m in debt so who plans to pocket the difference for less than 2m. No doubt I've missed something....
If the company reaches 9m end of year and gets a 10 PE that's a three bagger and 10psp welcome any other multi-bagger possibs this year...
I so wish I'd got in then...if the profits this year are a third of the mkt cap, then it should double at least from within 12 months
ticking up nicely
Thank you - I may have repeated but was hoping to be taked up on this and couldn't remember if there was a reply. Was trying to guess what the cap ut might be and very grateful on the information on margins. At 50% ut I guess margins may be a little lower but still 100k x 60US would be £4m which might get a mkt cap of 12 to 24 so good from here if it comes off. There are a couple of court cases, but they won't change the story very much whichever way they go. GLA