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“This acquisition is already making a big impact on Kistos as the effective date of the deal is 1st January 2022 thus the company is taking advantage of this year’s high gas prices. Going forward I would expect another deal to not be far away and it seems that the share price agrees with me, the shares are at an all time high and I see no reason why they can’t go a lot higher.”
https://www.malcysblog.com/2022/07/oil-price-san-leon-kistos-touchstone-serica-and-finally/
“We model a very conservative 140% upside supported by low-cost, low-carbon gas unhedged producing assets.”
https://twitter.com/gabcasla/status/1546403066135678977?s=21&t=K1WYrvgx9Gj5D6AMWkecVA
"Significant upside potential" always has a nice ring to it.
"In addition to the immediate significant increase in our daily production, these assets also offer investors significant upside potential from the Glendronach development project and the highly prospective Benriach exploration target."
https://masterinvestor.co.uk/evil-diaries/evil-diaries-easy-safe-money
“Signing up a FEED agreement is a key part of the timeline of the Anchois gas development and the speed with which it is being done is very exciting for shareholders in Chariot. With definition of progress being made in the key areas of such pre-FID activity the signs are highly encouraging.
With these encouraging moves being made it must be likely that Chariot is either up with or ahead of the game in the process of developing Anchois and I expect more good news on this front. Despite the tripling of the shares since the December Bucket list I think that the shares have a long way to go up from here.”
https://www.malcysblog.com/2022/06/oil-price-ujo-chariot-iog-rockhopper-jadestone-cornerstone-and-finally/
Sell cleared, price ready to move back up again.
Directors keen to load up with £476k worth just below the current price:
“The Subscriber Directors have conditionally subscribed for, in aggregate, 2,594,442 New Ordinary Shares at the Issue Price.”
Placing and open offer both massively oversubscribed. Both instis and PIs as keen to load up as the directors. And no wonder.
“We are excited about the coming months, as we anticipate the rest of the year will be a very busy period for Chariot."
https://s26.q4cdn.com/993376269/files/doc_downloads/2022/05/Investor-presentation.pdf
https://s26.q4cdn.com/993376269/files/doc_downloads/2022/05/Investor-presentation.pdf
Doesn't really matter. ADVT now going direct to shareholders:
"Having sought the recommendation of the M&C Saatchi Independent Directors since early January, to date that has not been forthcoming. With today's announcement we are seeking the support of M&C Saatchi Shareholders"
“AdvT acquired its shares in M&C Saatchi at 200 pence on 5 January 2022, immediately prior to the commencement of the offer period. Therefore, any firm proposal by AdvT will need to have a minimum offer value of 200 pence per M&C Saatchi ordinary share at the time an announcement is made with respect to a firm intention to make an offer for M&C Saatchi.”
https://investegate.co.uk/m--38-c-saatchi-plc--saa-/rns/further-extension-of--put-up-or-shut-up--deadline/202205100700048599K/
A bit of a recovery in the price following the Crux buying.
Still below cash here and way below NAV.
If the deal fell through and the SAA shares were sold at a discount, say at 150p, then ADVT would hold a cash balance of 92.4p per share. A decent amount of upside from the current 78p were Vin Murria to call it a day with ADVT.