The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
S dusty42 says, caml has been a solid divi payer in times a lot leaner than these
Under the new business plan over next nine years, Japex aims to boost its annual business profit to 50 billion yen by the year to March 2031, up 68% from this year, by investing 450 billion yen in growth areas in total, including 230 billion yen in oil and gas exploration and production.
"We want to buy stake in oil and gas projects overseas, mainly in the United States and North Sea," Fujita said
Under the new business plan over next nine years, Japex aims to boost its annual business profit to 50 billion yen by the year to March 2031, up 68% from this year, by investing 450 billion yen in growth areas in total, including 230 billion yen in oil and gas exploration and production.
"We want to buy stake in oil and gas projects overseas, mainly in the United States and North Sea," Fujita said
As expected. This is fully valued at 1.8p, minus any claim. So a flat out gamble. Those who got in early "the pumpers" did well. The uninitiated will take the pain, haha, some never learn
RickeyW - thats exactly why I am scaling in here. We have 3 clear catalysts in Q3, that will help us re rate beyond 50p
1. Japex deal concludes
2. Production asset
3. Spud of Velocette
Not to mention what can be realized through $100M loan facility etc.
£12M Mcap, no brainer.
Personally I dont mind trolls. I can make my own mind up "like most people"
Dont really think they make a jot of difference. Majority of trolls have either sold or lost money end of........
Oh no, looks like its drifting up...haha
cannot beat some BB banter
JOHNO77 - I was genuinely skeptical at first. But spent some time going through the detail currently in the public domain. A deal that appears this good on face value has to be treated with caution. So my initial response was just that, one of skepticism/caution.
However it does seem to stack up and on that basis the deal has yet to be reflected correctly in the SP......IMO
Once the true value of the deal is widely understood LBE should re rate to at least 40p IMO
They will soon plough through this cash, raise next year at 10p ....lol :-)
This feels to good to be true. The question is...is it. The devil is buried in the detail..!!!
JAPEX could have done the same deal at a fraction of the cost
Actually, just added another 10k shares. This it for today :-)
I picked up 30k shares this AM, but will buy a few more if it drops further
I sent email ages ago but did not get any response / invite to join AG